Equibit is a decentralized securities platform that plans to revolutionize the world of securities trading for investors and issuers. Find out how it works today in our review.
What Is Equibit Group?
Equibit is a securities trading platform created by a company called Equibit Group. Equibit Group is building several applications to decentralize the security industry. Equibit Core will be the company’s open-source, full node, and CLI, which is everything you need to run a full Equibit node. Other products include the Equibit Portfolio, which is your portal into Equibit and a complete trading/issuance solution for investors and issuers, as well as Equibit Supernode, an extreme security and scalability platform for enterprise and application developers.
All of the products are listed as “coming soon”. Each one will play a crucial role in the Equibit ecosystem. The ecosystem revolves around a decentralized settlement system – a blockchain. That blockchain allows issuers and investors to instantly transfer title to cryptocurrency tokens called “equibits” without relying on a third party.
In layman’s terms, Equibit Group is creating a platform where you can trade securities at a lower cost using blockchain technology. These securities are backed by in-platform tokens called Equibits.
Equibit Group is a Toronto-based company founded in 2015.
Equibit Group’s products will offer all of the following features:
Equibit Group has already created a public blockchain called Equibit. That blockchain is a peer-to-peer network for creating and transferring securities. Using Equibit, issuers and investors can instantly transfer title to cryptocurrency tokens called Equibits without relying on a third party or central depository. That means lower costs and a trustless exchange.
Equibit operates day and night all over the world. The company runs 24 hours a day, 7 days a week, 365 days a year. Equibit also offers settlement times of 10 minutes or fewer.
Investors can recycle their securities back into “blank” Equibits. Those blank Equibits can be used for transaction fees or to create new issuances, so you can always recover the equivalent value of blank Equibits from any of your investments.
The Equibit blockchain is built on world-class security. Equibit claims to use encryption “that matches or exceeds most financial institutions”. That security allows for the creation of unforgeable securities along with an incorruptible chain of custody. Your assets are protected against hackers thanks to the power of immutable blockchain technology.
Equibit will feature market information on its platform. The transparency of the blockchain allows for Equibit users to view data on completed trades, interest payments, and earnings distributions, all of which is stored publicly and can be examined at any time by anyone connected to the network.
The Equibit application includes a P2P communications protocol for easy and secure distribution of bid/ask orders, proxy assignments, meeting notices, MD&A’s, and more. Issuers can privately poll their voting shareholders and create a tally available for all participants to audit.
Equibit promises to make it easy to comply with AML/KYC regulations. Trusted actors on the network can certify the status of investors. Issuing companies can also connect to communities to allow the free-flow of securities within trusted groups. Unlike traditional ICOs, Equibit allows for companies to have more control over who is buying securities.
Equibit makes it easy to pay out interest and dividends. With just a few clicks, issuers can create a Bitcoin-denominated distribution, then send payments to all their security holders of record.
About Equibit Group
Equibit Group was founded in 2015. The company is based in Toronto. Key members of the team include CEO Chris Horlacher, Chief Science Officer Brent Kievit-Kylar, Chief Technology Officer Marc Godard, Chief Operations Officer Nathan Wosnack, and Lead Developer Christian Saucier.
Equibit is a securities trading platform that aims to combine the benefits of blockchain technology with the world of investing. It provides a secure, trustless, efficient trading environment where both investors and issuers can interact. It’s a decentralized securities trading platform that involves swapping securities-backed tokens called Equibits. Thanks to blockchain technology, Equibits users can enjoy a number of benefits over traditional securities trading platforms.
Equibit Group, a Toronto-based company, is preparing to launch three distinct products to the securities trading community, including Equibit Core, Equibit Portfolio, and Equibit Supernode. You can learn more about all these platforms by visiting EquibitGroup.com online today.