About Taurus0x

The global financial system in its current form is largely centralized, and that applies to cryptocurrencies. Traders are left with little choice but to rely on a broker to trade assets and asset derivatives. While this model has worked and failed many times, Taurus0x now see an opportunity in decentralization for trading derivatives peer-to-peer over a block chain network. Reducing reliance on an intermediary naturally reduces the attached risks.

The company goal with Taurus0x is a protocol that standardizes derivative trading of any digital asset, not limited to cryptocurrencies. The protocol may serve centralized and decentralized exchanges, or any independent d App. Taurus0x protocol allows any entity to issue contracts secured by asymmetric cryptography. Contracts are persisted downstream of the issuer on the Ethereum block chain. The blockchain ultimately provides a single source of truth for the current state at a given moment. This logic is powered by distributed, plug gable smart contracts and governed via a Decentralized Autonomous Organization.

Basic Information

Name Taurus0x Token symbol TAUR Social Media Total Bonus 20,920,747 TAUR Hard Cap 20,408 ETH Rate 1 ETH = 10000 TAUR Total For Sale 204,079,253 TAUR Total supply 250,000,000 TAUR Whitepaper Click Here For View Whitepaper Website Click Here For Visit ICO Homepage

Benefits of Taurus0x

Distributed

Taurus0x is 100% distributed without any centralized points of presence. The protocol runs off-chain in a peer-to-peer fashion, and on the Ethereum block chain with zero downtime and built-in trust management.

Asset-agnostic

Taurus0x decouples assets and asset derivatives, hence it supports derivatives for any asset that has a price. Contract settlement is denominated in any ERC20 token.

Open-source

Taurus0x is an open-source project that adopts DAO based governance. Developer tools and wrapper libraries are made available to bootstrap developer adoption.

Protocol Token

Governance of a distributed protocol is a business and an engineering challenge. Cryptoeconomic protocols create financial incentives to drive successful protocol governance. This model assumes rational decision making and basic human nature of inhabiting well intentions towards what one owns. Unlike conventional software, smart contracts on Ethereum are of immutable definition. Once a contract is deployed to the Ethereum blockchain, its code may not be updated by anyone. The mechanism to updating Ethereum-based software is simply by publishing new contracts and re-routing network traffic. This is also known as forking, and introduces significant challenges to coordinating protocol updates. Having multiple uncoordinated forks may lead to data fragmentation and protocol inefficiencies.

Token Distribution

5% Advisory 15% Pre-sale 20% Round 1 30% Round 2 30% Round 3

Existing Work

Most of the major derivative trading platforms are centralized today, such as CME and CBOE. Exchanges host their own data, matching algorithms and follow their own proprietary message format. While there are vast advantages construed in centralized exchanges, most significantly performance and sociability as of today, there are critical technical and economic risks attached to centralization of data and business logic. Some of these risks are data breaches, market monopolization, and trust invested in third party entities with potential insider malicious activity. This led to fragmentation of markets and economies on a larger scale as they become more silo-ed as a result of market growth and competition.

Ethereum has provided a medium for the community to develop dApps that can handle pretty Taurus0x logic handled in mainstream programming languages, such as Java. Smart contracts live in the Ethereum Virtual Machine. The EVM is, by design disconnected from the outside world, i.e. any service that is not implemented within the Ethereum block chain. This led to the concept of oracles. Oracles mitigate this limitation by providing a communication mechanism between the EVM and the internet. Moralize is one successful implementation of distributed oracles.

Protocol Specification

Taurus0x protocol facilitates management of multi-sign contracts off-chain and on-chain. The protocol can run in two modes: Peer-to-peer and Exchange. The two modes have slightly different message formats to adapt to the environment. The protocol supports initially 3 types of derivative contracts i.e. call, put and binary. The architecture is modulated enough to allow adding virtually any type of digital contracts.

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Team

Members Rawad Rifai – Co-Founder Brett Hayes – Co-Founder Aymen Elsalim -Business Development Greg Baghdassarian – Software May Muhsin – Software Intern Muyuan Li – Software Intern Also Read – Click Here for Read All ICO Review [su_quote]This article is writing on 14 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258[su_quote] Disclaimer: Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

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