SIMDAQ Crypto Marketplace to Use Waves Smart Contracts Blockchain

Simdaq Launching Smart Contracts on Waves

SIMDAQ marketplace announced that more opportunities will be available on Waves. More specifically, traders of all levels are said to have access to a decentralised application that provide services like trading signals and robots, educating and mentoring new traders and other knowledge-sharing essentials. The development is said to commence during the summer after Waves starts its Turning-complete Smart Contracts. As per the announcements made by Waves, non-Turning complete Smart Contracts are currently being addressed.

In January 2018, SIMDAQ successfully conducted its token sale on the Waves Platform for a total sum of $5 million. SIMDAQ is a resident and has been known as the first-ever incubation of the Waves Lab blockchain-accelerator.

As for the supposed launch, this will provide new traders with a wide range of opportunities. Not only will traders be able to participate in the crypto asset market in a comfortable manner, but they will also be able to safely backtest on large sets of historical data and exchange their respective experiences with others. Ultimately, creating an integrated environment in which traders of all levels can come together to find effective solutions for themselves is said to be SIMDAQ’s key approach.

Some of the types of information that will be shared might include individual and group trade with a mentor, recent case analytics, tournaments, reliable and well-tested trading signals and robots and more. SIMDAQ’s SMQ tokens are currently available on Waves’ DEX exchange and will come in handy for mutual settlements.

Waves is an open blockchain platform has been designed for ease-of-use and to ensure that the mass population has more access. In particular, its platform can now be used for the following:

  • Purchasing trade signals and robots
  • Rewarding authors for streaming trades and case reviews
  • Making payments for mentors’ services
  • Making payments for a leader in social trading

To add to the recent announcement, Eugene Dubovoi, CEO and founder of SIMDAQ expressed excitement in being able to educate and train users of all levels. Realizing the high risks associated with financial markets in general, Dubovoi believes that “SIMDAQ is your entry point to the digital asset market. With a large amount of historical data, you can quickly acquire and develop the skills of technical analysis and work with digital assets.”

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