Saturday March 06, 2021
Bitcoin (BTC) $48,221.00   Ether (ETH) $1,568.98
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Distributed Ledger Technology

Blockchain asset auto trading platform DA Power Play releases whitepaper

Published by CryptoNinjas.net
08/08/2017

Digital Assets Power Play (DA Power Play) a company creating technology building blocks for digital asset trading automation has released its whitepaper today. The anticipated literature will give readers a better overview of how the platform will be designed and how will it include third party building blocks and enable a distributed economy. The DA Power Play platform enables a new distributed economy allowing stakeholders to seize algorithmic trading and investment opportunities in a secure and distributed fashion.

DA Power Play is a Cofound.it project, the distributed global platform that connects exceptional startups, experts and supporters worldwide. The company is looking to raise up to $17.4 million by issuing 100,000,000 DPP tokens, representing 66% of the total number of issued tokens.

The DA Power Play platform is organized around different stakeholders, wallets and distributed computer nodes aiming to provide a balanced trade-off between availability, transparency and efficient algorithm execution and digital asset management. Further, the software will be designed using a combination of blockchain and distributed systems architecture. The team believes that such a solution offers the right balance of transparency, system availability and I/O throughput:

  • The Blockchain building component – will be based upon Ethereum smart contracts – wallets, tokens themselves and a web 3.0 stack (swarm, ens/eth, bzz).
  • The distributed system components – will be based on hybrid cloud, legacy databases, Node.js, C language, messaging/communication protocols such as WebRTC, Whisper, and IPC but also different data streams where applicable

Key Features

  • Creating and developing automated (algorithmic) trading strategies or digital investment products through drag and drop or programing language environment.
  • Backtesting strategies and digital investment products on historical data made available by the platform, enabling fine-tuning and optimization of strategies and products, achieving maximum performance.
  • All strategies and products will be run through live trading algorithms, allowing one-stop access to all major digital assets exchanges, resulting in better execution and reduced risk of trades which may not be executed due to certain exchange downtime.
  • The platform will provide an API for trade executions on all available digital assets exchanges, to be available for traders and fintech companies, enabling a simple one-stop-shop, whilst reducing the cost of transactions.
  • Platform users will be able to earn fees by offering their automated trading strategies and products to other potential investors, or by programming automated trading strategies, new products or smart contracts for third parties.
  • DPP platform architecture will be distributed, guaranteeing uptime and platform services availability.
  • The platform will be self-sustaining allowing future scaling, service development, and R&D based on community feedback DPP tokens will represent both the underlying value of the platform as well as be a means of value transfer and payment on the platform, making the platform fully self-sustaining.

More information can be found in the DA Power Play 2017 Business Plan.

Whitepaper Preview

I. The Introduction

When we started with crypto investment strategies and developing KIP’s Eye System more than 2 years ago, there were only a handful of cryptocurrencies and exchanges, with relatively small daily trading volumes. At the time it was possible to trade and manage these assets manually. However, early on we have started to realize that volumes, the number of digital assets and exchanges are going to increase, requiring us to automate our trading. As such we have begun to design our KIP’s Eye system to address these issues and automate our trading. Our current trading strategies have led us to design our own Neural Networks and Artificial Intelligence agents enabling us to predict future token/coin price movements with great certainty and accuracy.

At the time of writing (August 2017) the number of digital assets has exploded, increasing to over 850 and it will continue to expand to well over 2000 within the next two years. With such rapid growth, collecting market data (trades, order books) has become a complex task in itself, requiring fast data collection and storage running in TBs of data per month.

Additionally, data needs to be parsed, processed, analyzed and used for trading, and all trades and digital assets need to be accounted for, with correct risk controls in place. We believe that designing and developing such a system from scratch represents a great obstacle for most stakeholders, and once fully developed, difficult to replicate. Such data collection and platform service offers should be done on an industrial scale and presented to other market participants as a distributed economy where all stakeholders will benefit.
In the meantime, the number of exchanges has increased to over 100 and continues to rise. Exchanges are facing issues of downtime due to maintenance, attacks, or even regulatory issues locking out trading during exchange downtime and resulting in unavailability of digital assets and potential losses.

We also believe that the platform should address these exchange downtimes by offering a single API multi-exchange access. By having multi-exchange access we will be able to address exchange downtime, liquidity issues, and digital asset lockdowns. Additionally, due to distributed system architecture, the platform itself should be resistant to attacks, offering greater availability and uptime for all stakeholders.

Currently, investing in top-performing or portfolio-optimal digital asset strategies is a very complex process, and more often than not it’s hard to find an easy route into such an investment. By providing building blocks for strategy design and trading automation, and by making the results of these strategies visible, investors will have an easier route into making a decision and invest in digital assets. This will allow investors to excel in their overall portfolio structure and returns. Smart contracts – wallets will represent a bond of trust between investors and strategy owners/digital assets managers.

5
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

New features added to Digital Assets Power Play crypto data platform
Vendor Technology

New features added to Digital Assets Power Play crypto data platform

12/12/2018
Digital Assets Power Play launches DPP DataStreams, first of five crypto data services
Vendor Technology

Digital Assets Power Play launches DPP DataStreams, first of five crypto data services

10/02/2018
Digital Assets Power Play partners with Mediatoolkit for crypto news feed
Featured

Digital Assets Power Play partners with Mediatoolkit for crypto news feed

09/10/2017
GDAX launches open source library of cryptocurrency trading tools
Trading

GDAX launches open source library of cryptocurrency trading tools

09/06/2017
Trading

AlgoTrader integrates with Coinigy for cryptocurrency auto trading

05/15/2017
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version