World's first platform for trading tokens EVEN BEFORE they get on exchanges.
Who is Bdaq Platform for?
- Investors who invest in ICOs but find the lock-in period between token issuance to exchange listing, a challenge in terms of liquidity.
- Investors who get whitelisted but are left out when it comes to token issuance.
- New investors who could not participate in the token sale but wish to buy tokens later.
What Is Bdaq?
From challenges with liquidity to a fragmented marketplace, there are numerous issues to address. The greatest advantage of taking the ICO route is the liquidity that they offer but ICOs have offered less than the promised ease when most of the exchanges are centralized and token holders
had to wait for up to 90 days or more, until the tokens are listed on the exchanges, to sell or buy tokens released after ICOs. In ICO space, investors are at the mercy of startups and exchanges to give them an opportunity for selling their tokens and the lagging audits. The lengthy wait for listing causes investors’ money to be locked and investors are unable to participate in any new or promising opportunities including new ICOs.
ERC20 tokens on Ethereum Blockchain have become a popular mechanism to raise funds via ICOs for many startups since the last couple of years. Over 80% ICOs till date5 have used ERC20 tokens. ERC20 tokens have a market cap of $29 Billion as of March 2018 according to coinmarketcap.com. As this trend continues, more funds are being invested in digital currencies and in most of the cases investors are given ERC20 token in return on their investment. Then these tokens are listed on the cryptocurrencies exchanges where investors can start trading and liquidate their investment when other investors or new investors buy these tokens. This period which can go up to 90 days or more, is when the token audit and exchange listing procedures commence. There are many investors, who would like to exit their investments by trading their tokens before they are listed on exchanges but there is no existing route that can allow them to exit their position before exchange listing. At the same time, there are many investors who are interested in buying the tokens they couldn’t secure during the ICO – but there is no way to connect these investors to the early token investment opportunities.