Join Our Mailing List
Wednesday March 29, 2023
Bitcoin (BTC) $28,316.59   Ethereum (ETH) $1,802.53
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
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.

12
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

New features added to Digital Assets Power Play crypto data platform

12/12/2018
New features added to Digital Assets Power Play crypto data platform

Back in September, Digital Assets Power Play (DAPP) launched DPP DataStreams — empowering traders with new tools for the crypto market with comprehensive and consolidated data. The DataStreams launch not only marked the first of...

Read more

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

10/02/2018
Digital Assets Power Play launches DPP DataStreams, first of five crypto data services

Digital Assets Power Play today announced the commercial launch of DPP DataStreams. DataStreams is the first of the company's five crypto trading services, and will combine to create the DPP platform ecosystem. DataStreams connects to...

Read more

Digital Assets Power Play partners with Mediatoolkit for crypto news feed

09/10/2017
Digital Assets Power Play partners with Mediatoolkit for crypto news feed

Digital Assets Power Play, a startup developing the technology building blocks for digital assets trading automation has announced a new partnership with Mediatoolkit to provide a personalized news feed functionality to the forthcoming platform....

Read more

GDAX launches open source library of cryptocurrency trading tools

09/06/2017
GDAX launches open source library of cryptocurrency trading tools

San Francisco-based Coinbase today announced that its cryptocurrency trading site Global Digital Asset Exchange (GDAX) has introduced to the public the "GDAX Trading Toolkit (GTT)" as an open source library. The GTT provides a...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022

Ripple names payment network RippleNet and grows product suite

08/01/2017
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 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
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy