Saturn - Liquidity provider for crypto markets Cross-chain Exchange & OTC trading Platform
INTRODUCTION
Since the emergence of blockchain in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases.
The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.
As more technological advancements are uncovered, Saturn, an ecosystem built with the aim to ensure the fastest way crypto liquidity. That is to enable holders of altcoins with ability of turning their altcoins to cash. With the high technology that has been integrated on the platform, the ability to swap coins or tokens is possible. They call it the atomic exchange protocol swap, it allows for the exchange of crypto assets between users of incompatible blockchains without a middleman or third party.
WHAT IS SATURN BLACK?
The SATURN platform is a very unique platform that seeks to bring about high liquidity to the crypto market thus saving it from the downturn its tilted towards today. I like to think of it as the savior of the crypto market where crypto assets of low value are traded or exchanged for its unique XSAT tokens thereby giving hope to all traders, investors, companies and brokers. The platform seeks to provide a secured direct atomic exchange of crypto-assets with Over the Counter OTC market features that is based on crosschain protocol of exchange swap where Peer to PEER P2P exchange services are provide for all crypto asset holders.
THE PROBLEM
Insecurity
Most cryptocurrency exchange are vulnerable to attacks, hacks, theft and fraudulent activities as cryptocurrencies become the mainstream. The attacks from various hacking groups beginning in 2011 and afterwards, have brought about so many security concerns.
In 2017, $266 million dollars was lost by exchanges and $731 million dollars was lost in the first half of 2018. There have been predictions by security experts of larger scale of attacks, hacks, fraud and thefts as more people embrace cryptpcurrency.
Inadequate supervision in the system and lack of good customer support:
Most exchanges lack supervision and compliance system that can protect them from suspicious activities that could affect them negatively whether during pre-trade and post-trade. There is no form of analysis that could protect them neither is there a customer service they can run to when they want help/support, are affected or have fallen victim to some malicious activities which do not ensure safety or give them confidence when trading.
Also, traders are not always opportune to get a committed 24/7/365 live chat in different languages. This is also a discouraging factor for investors.
Scalability Limitations:
The massive influx of new traders and investors entering the cryptosystem has brought about an increase in transactions on a daily basis which leads to a slow down in registration and transaction processes.
Market Manipulation:
So many unfair and volatile activities like spoofing, wash-trading, momentum ignition to pump and dump takes place in the crypto-market which arises as a result of lack of regulations in the system.
The community no longer trusts the key tools of the crypto market:
The cryptocurrency market needs new values and new ethical standards of business management.
THE SOLUTION SATURN BRINGS
Saturn is providing a P2P exchange services for traders, investors, companies, and brokers. and a chain of studies in order to help find new methods within the maturation of the crypto market and increase the liquidity of land so that each user develops together with this platform, each project will get an audit and liquidity of the token version, what the purpose for the future is part of the strategy on the market, so that each element will move unction as community of crypto players and create new markets liquid and secure over-the-counter market.
Most market depends on the change specifics and transaction volumes to compete, saturn creating a conventional crypto alternate, the specifics of transactions for distinct volumes, compensation service, growth the marketplace call for for secured futures assets together with Bitcoin, saturn ensure direct contact between the seller and the purchaser and be certain the security of the trade in automatic mode while maintaining the anonymity of the occasions.
Saturn offer two way liquidity for many assets independently. This will provide gains in the price. Saturn The Swap Protocol to exchange commission fees different from other exchanges where there are additional commissions Which reaches 0.2percent for each exchange transaction, 0.5 - 5% for every over the counter trade and 1 - 5 percent for auction transactions. but the final provisions regarding fees will be decided at launch in market.
THE FEATURES
OTC cross-chain trading
The Saturn OTC service allows traders to carry out the transactions through the atomic swap protocol with the assurance by Saturn assets. The target customer of this service are professional investors because the transactions are possible to conduct with the large trading volume and highly minimal trading volume.
OTC auction
The Saturn OTC auction will allow owners to list their crypto assets on the auction at the beginning market price. And the exhibited assets are allowed to exchange with the large amount.
Exchange of atomic trades
This will be a peer-to-peer exchange applying atomic swap protocol to achieve the initial goal of Saturn Back exchange.
Transactions with EURO and USD
This function is implemented and developing to fully serve Saturn’s users at the end of 2019. OTC cross-chain trade, OTC auction and Atomic exchange will entitle Saturn’s users to exchange between crypto assets and EURO and USD. Exchange of crypto assets with USD, USDT and GUSD is possible to be used now.
TOKEN INFORMATION
The XSAT token play a very important role for liquidity of the platform as it is important in the business model and infrastructure of the SATURN platform. The XSAT tokens will be used as a quotation asset in Saturn services such as exchange and over the counter trasactions, auction and escrow.
-Token standard – ERC-20
-XSAT contact address- 0x0d9e614937a308438337a2999acf64fc86bf098a
-Single token allocation – 1 000, 000, 000 XSAT.
-Private sale – 75% November to December 2018 up to 250 000 000 XSAT 25% share Price 1 XSAT = $ 0.075/ XSAT
-Accepted payment include BTC, ETH, EOS, BCH, LTC, XMR, XRP, DASH.
-Pre-sale- in December 2018 Up to 250,000,000 XSAT which is 25% Price= $0.1/XSAT with same payment as above.
-Public sale- is scheduled for 1Q 2019 and 250,000,000 XSAT which is 25% with the Price=$ 0.125/XSAT. An opportunity for you and I to invest now.
The remaining 25% are not planned to be sold during the token sale. 100, 000, 000 is reserved for bounty program and 100, 000, 000 is distributed to project team. Truly amazing right? Be a part of this great innovation, be a part of SATURN PLATFORM.
TOKEN DISTRIBUTION
ROADMAP AND DEVELOPMENT PLAN
THE AMAZING TEAM
For more information about the project, Follow the link below:
https://saturn.black/
https://bitcointalk.org/index.php?topic=5075635.0
https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-rus-1.7.pdf
https://www.facebook.com/Saturn-Black-200220127527617
https://twitter.com/saturn_twitt
https://www.instagram.com/saturn_xsat/
https://saturn.black/blog/
https://web.telegram.org/#/im?p=@saturn_ENGchat
https://t.me/saturnblack
https://t.me/joinchat/JdHS-FjKRv21ihGR2y8ZyQ
https://saturn.black/wp-content/uploads/2018/11/Saturn-One-Page-1.6.2.pdf
https://medium.com/saturn-black
PUBLISHER
bayo88
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711
ETH WALLET: 0xF6247f1c935D53F7f1aC16f6fcd529F58Ca3f15b
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