LucidExchange ICO (TRDx)

Powering the derivatives markets with blockchain


LucidExchange powers the derivatives markets with blockchain technology and allows you to trade futures and options on: commodities, currencies, and equities using the native TradeX token.

Investment
3.3

by expert rating and reviews


3.3
ICO PROFILE
3.5
TEAM
3.5
VISION
3.0
PRODUCT
TBD
Token TRDx
Platform Ethereum
Price 1 TRDx = 3-6 USD
Country USA

About LucidExchange

In the winter of 2016, we set out on a mission to transform the trading industry. Our goal is to become a leading beacon in the new Internet of Money world, using blockchain technology to create a fair distribution of risk. After months of research, meetings, development and legal work, we are proud to introduce the Lucid Foundation and the LucidExchange trading platform.

Lucid’s mission is to develop a blockchain-based, open source protocol that will power trading platforms in the US and around the globe. A true peer-to-peer trading protocol, embedded with a full suite of risk-assessment mechanisms, that will be completely autonomous and impregnable – a trader-focused alternative to today’s highly centralized capital market systems.

The Lucid protocol will create unique distributed ledgers for each asset sold. It will convert the terms of each trade into self-executing smart contracts and automatically maintain risk and margin requirements, allowing for cost-free, instantaneous settlements, and full transparency.

TradeX (TRD) , Lucid’s cryptocurrency, will power the ecosystem, incentivize worldwide participation of developers and users, and will ultimately be the native token for any DApp that will use the foundation’s protocol.

LucidExchange, is the first DApp commodities and securities exchange platform to deploy Lucid’s protocol. LucidExchange trading platform will allow individuals to trade in a wide range of asset classes. LucidExchange is seeking registration with the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

Team

Ephi Zlotnitsky member of LucidExchange ICO
Ephi Zlotnitsky
CEO
Michael Gord member of LucidExchange ICO
Michael Gord
Head of Strategy
Alexei Silverman J.D. member of LucidExchange ICO
Alexei Silverman J.D.
Head of Compliance
Prof. Houman B. Shadab member of LucidExchange ICO
Prof. Houman B. Shadab
Senior Legal Advisor
Sean Zlotnitsky member of LucidExchange ICO
Sean Zlotnitsky
Chairman
John Patrick Mullin member of LucidExchange ICO
John Patrick Mullin
Head of Outreach – Asia
Vishwajeet Singh member of LucidExchange ICO
Vishwajeet Singh
Head of Development
Vladimir Barzov member of LucidExchange ICO
Vladimir Barzov
Advisor
Prof. Gideon Samid member of LucidExchange ICO
Prof. Gideon Samid
Advisor
Rohit Tandon member of LucidExchange ICO
Rohit Tandon
Blockchain Advisor

Milestones

  • 1

    January 2016

    Payment technology entrepreneur Ephi Zlotnitsky sells his stake in iControl Data Solutions, a SaaS provider of B2B payments and analytics software that processes over $1B dollars in payments each year, to Goldman Sachs in order to pursue his passion for blockchain technology.

  • 2

    May 2016

    Zlotnitsky is searching for the next Fintech frontier that is ripe for disruption. He quickly identifies the inefficiencies and complexities inherent in the Securities and Commodities trading workflows, arising from these workflows dependency on multiple disjointed ledgers.

  • 3

    June 2016

    Zlotnitsky commences a deep-dive review of the applications (and limitations) of blockchain and its distributed ledger technology, specifically smart contracts, in the financial services space.

  • 4

    July 2016

    Zlotnitsky explores the possibility of creating a free peer-to-peer trading platform.

  • 5

    October 2016

    After months researching the business models and applications of Exchanges, Clearing houses, Brokers, and Transfer agents in the securities and commodities marketplaces, Zlotnitsky teams up with a group of experts in this field to build LucidExchange.

  • 6

    November 2016

    Zlotnitsky and his team found LucidExchange. Proof of concept development commences.

  • 7

    December 2016

    Alexei Silverman (J.D. Harvard Law) is added to the team to ensure regulatory compliance.

  • 8

    January 2017

    Proprietary algorithms and process flow are mapped out and ready for development.

  • 9

    March 2017

    Proprietary algorithms and technology are developed. The team begins beta testing.

  • 10

    May 2017

    The team initiates web design and the construction of marketing materials.

  • 11

    June 2017

    Beta testing is successfully completed. Development continues to improve the platform and refine the end-user experience.

  • 12

    August-September 2017

    Legal research, Website, and marketing documents are finalized. NYU Law Professor Shadab, and Professor Samid, a thought leader and a world-renowned innovator in the field of cryptocurrencies are joining the team. LucidExchange prepares to launch a full force marketing effort to market its upcoming ETS (Early Token Sales).

  • 13

    Sometime between Dec 2017-Jan 2018

    Early Token Sales (ETS) is launched.

  • 14

    December 2017

    LucidExchange starts the filing process for registration with the Commodity Futures Trading Commission.

  • 15

    Q1 2018

    Lucid finishes the proprietary trading platform. Awaits registration with the CFTC to commence trading.

  • 16

    Q2 2018

    Lucid anticipates the successful completion of registration with the Commodity Trading Futures Commission. LucidExchange is opened for cost-free trading. Our website is monitored and altered to ensure a modern design and user-friendly interface. Our system is constantly tweaked to ensure the tightest spreads and maximum liquidity in the marketplace.

  • 17

    Q3/4 2018

    LucidExchange’s standalone mobile platform is fully developed. The team strategies to deliver a superior trading alternative, positioning the company for long-term success.

Financial

Token Sale Info
Token TRDx
Platform Ethereum
Price in ICO 1 TRDx = 3-6 USD
Tokens for Sale 6000000
Investment info
Accepting BTC, ETH, LTC
Distributed in ICO 12%

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