Traditionally, there are a lot of intermediaries involved in the process of trading. Operating costs for running trading companies is very high because as these middlemen have to get paid. Even when the markets are down and the traders are losing money the brokers never do so. For this reason there is no freedom in the old-forex system. 95% of the traders fail due to high trading fees. Technological system within the system is almost negligible. Countries with limited overseas funding have no freedom. Dependency on too many people, high costs of infrastructures and operations, high fees, lack of transparency has been limiting the system to reach its full potential.
What Is Nami.Trade?
Nami.Trade is where Forex meets blockchain. It is a brand new financial trading platform, based out of Vietnam designed and structured to revolutionize traditional trading platforms, since there are lots of inconvenience with which the traders have to deal on a daily basis.
Blockchain will act as a ledger to record all transactions of investors. This data will constantly be updated and maintained by peer-to-peer computer network around the world. Additionally, Nami.Trade uses smart token technology whose basic idea is that transactions between two or more relating parties can be verified through blockchain, instead of a centralized system like traditional brokers. These smart contracts of Nami.Trade is executed on Ethereum’s blockchain network, which specifies the terms of the deal and penalties in the event of breach.
With Nami.Trade, traders can trade not only traditional pairs, fiat currencies including USD, EUR, JPY, GBP etc but also cryptocurrencies such as Bitcoin, Ethereum and so on.
Nami.Trade NAC Token ICO Details
Token sale will be carried out to fulfill Nami.Token’s vision. They follow an ERC20 standard on Ethereum blockchain, with a total supply of $2 billion USD. Out of the $2 billion, $1 billion will be issued in the ICO.NAC will be the currency that will be used as the trading currency on Nami.Trade. The amount of fund raised will be used to invest in representative offices in other countries to build and develop a community. Funds will also be used to develop the trading platform. The price of 3450 NAC will be 1 ETH.
1 billion NACs will be issued during the Crowdsale from February 1st, 2018 until March 28th, 2018. 100 million NACs – 10% of the total number of tokens issued during this Crowdsale – is dedicated to the investors who helped spread the words in our Referral program campaign, along with the investment fund holders that invest in this Crowdsale round. Nami.trade also has a new function called Binary Option in our Crowdsale Smart Contract so our Investors can have more options to purchase NAC at better prices.
Nami.Trade Blockchain Forex Trading Coin Conclusion
Forex is the largest and most liquid financial market in the world with around $6 trillion USD traded every day. If the Nami.Trade capitalizes even a little bit of the industry, they might be sitting on a gold mine.
Their CEO, Mr. Giap Van Dai has given the mission statement for the company. “A world of freedom for trading is not only our vision, but also what we live up to.” They seem to be growing by this philosophy till now and will be headed to solving major problems of a plagued financial system. They have already become one of the top choices of many private investors in the red hot Singapore ICO scene.
Find out more about their company and their token(NAC) on their website nami.trade/