trade.io Rating Review
|Start ICO||06 Dec 2017|
|End ICO||03 Jan 2018|
We assign the Trade.io project a "Stable+" rating.
The concept of the Trade.io project is not new, and trading platforms have already implemented many projects, but the idea of creating a Liquidity Pool that could be used by its members we consider to be a real merit. Given that it is properly implemented, it may have an interesting and competitive mechanism not only for classical brokers and exchanges, but also for existing players already using blockchain technology.
Among the strengths of this project, we should note that it is run by a specialized company, an expert team with years of experience in the field of investment, and that partnership agreements with companies in the industry have been made. This improves the chances of successfully launching the project and realizing its potential.
Thanks to the mechanism for daily distribution of 50% of the Liquidity Pool’s profits among its participants (for that one has to be the holder of a specified minimum number of project tokens – 2,500 based on the new pricing), the tokens of the project acquire value and infrastructural functions, becoming dependent on the Liquidity Pool results.
The weaknesses of the project include the absence of documentation of a marketing strategy or economic model. We also note the very high threshold for the hard cap for both the pre-ICO stage and the ICO, with the possibility of an increase as well. It was these factors and the growing competition among trading platforms that have prevented a higher rating for the project.
It is still too soon for information to be released in greater detail in regards to the project. Based on the new Trade Token pricing, the other concerns expressed above have been addressed.
The project is emerging into a rapidly growing and increasingly popular cryptocurrency market. The market has an enormous potential from the point of view of providing access to trading for a large number of speculators and investors. Many classical brokers will seek to meet the demands of their customers and will pick up simple, affordable and reliable solutions. The Trade.io platform may be such a solution.
TIO tokens are interesting in the long run (more than 2-3 years), when the project will already be expected to have a significant Liquidity Pool size. In this matter, much depends on the amount of funds raised during the ICO, including the portion used to form the Liquidity Pool in the initial phase.
General information about the Project and ICO
The Trade.io project is an innovative trading platform that uses blockchain technology, which aims to destroy the conventional financial ecosystem and contribute to the democratization of financial markets. In the same way, the project developers want to create the largest trading Liquidity Pool consisting of various assets, including the TIO project tokens (TradeToken) - pool participants will be able to earn a portion of its profits.
Pre-ICO Period: 7th 00:01 CET– 25th of November 2017 23:59 CET
Tokens unsold during the pre-ICO will be sold during the ICO. The sales limit at this stage is 200,000,000 tokens.
ICO Duration: December 5th 00:01 CET- December 15th, 2017 23:59 CET
The sales limit at this stage is 75,000,000 tokens, and it is possible to increase sales to 130,000,000 tokens. Unsold tokens will be burned.
Soft cap on crowdsale: US$5 mln
Hard cap on crowdsale: from $120 mln (200 mln tokens sold for 1 ETH = 1000 TIO + $75 mln tokens sold for 1 ETH = 625 TIO) - $190 mln (all tokens including will be sold for 1 ETH = 625 TIO). When calculating the ETH rate was used = $365.
- During the pre-ICO period from 7 November to 25 November — 1 ETH for 1000 TIO
- During the period of ICO from December 5 to December 15 – 1 ETH for 625 TIO
The minimum amount for purchase is equivalent to $10, and the highest amount is not limited. Any unsold tokens will be burnt. Residents of the United States (with the exception of accredited investors) and China cannot participate in the sale of the project tokens.
Accepted currencies: Pre-ICO –fiat + ETH; ICO – only ETH.
Total emission: 500,000,000 TIO
Allocation of funds:
- Tokens for pre-ICO and ICO – 275,000,000 (55%)
- Founders and Developers – 100,000,000 (20%)
- Reserved Tokens – 55 000 000 (11%)
- Tokens for Liquidity Pool – 50,000,000 (10%)
- Advisors and Vendors – 20,000,000 (4%)
Token Issue Date: 15.12.2017 – 15.01.2018 15.01.2018 — 15.02.2018
Within 30 days of the end of the ICO, TIO tokens will be transferred to your wallet (no later than January 15.) Note that tokens will not be transferred unless you provide KYC information (a copy of your identity card and a document confirming your residence address). You can do this in your personal account. In addition, it will be necessary to list your Ethereum address in the personal account for appropriate processing.
Description of the services and scope of the project
Given the inequity, inefficiency and frustration caused by the absence of changes in the modern financial system, third-party traders and brokers are seeking a solution that will be consistent with today's status quo — a revolutionary technology, which can be used to build a next-generation platform for stock trade.
Trade.io describes itself as "the next-generation financial institution based on blockchain technology." This platform is being created to break the existing status quo in the financial markets in order to "usher in a new era of trade and finance". Concealing, hiding, manipulation, or speculation are not possible when using blockchain technology.
Trade.io is being created by a team of developers based in Zug (also known as the Crypto Valley), Switzerland.
The original objective of the project is to create a trading and financial platform for the crypto assets. The long-term goal is to offer Forex and CFD for precious metals, oil, goods, indices, global stocks and more on a variety of tools. At the launch, the platform will provide access to the trading of more than 120 + assets. Users can choose from three platforms, including mobile, Classic, and Nitro.
The Trade.io platform will use its own "cryptocurrency" — TIO (TradeToken). The token will allow transactions to be performed with a wide range of assets as a function of exchange and will also be valuable through the Liquidity Fund.
Developers behind Trade.io hope to create the largest trading Liquidity Pool, which will include owners of TIO tokens. The Liquidity Pool is the main feature of the project. Project tokens can be used to participate in the Trade.io Liquidity Pool and receive daily payments to your trade.io wallet in fiat and cryptocurrency, which will require the purchase of at least 500 TIO. A more detailed description of the Liquidity Pool is given in the "Project Economy" chapter. This way, project investors will be able to participate in the platform's profits and receive refunds of their investments.
The project also intends to develop the direction of investment banking by offering assistance to companies that receive "tokenization" and listing on the Trade.io platform. In the future, token holders will also be able to use them to participate in the new runs of IPOs/ICOs.
The goal of the project is ultimately to become a platform leader for the trading of several types of financial assets using the blockchain technology.
Engineering features of the project
From a technical point of view, the Trade.io platform will consist of three main components:
- Web 2.0 Layer;
- Cloud server & data storage;
- Blockchain fabric advancement.
Web 2.0 Layer
- Double buffered quote screen with live thumbnail tick charts.
- Portfolio manager & order entry screen (linkable to any brokerage).
- Charting screen with technical analysis.
- Advanced chart pattern recognition built into the charting screen.
- Neural network technical indicators.
- Expert advisors and consensus reports.
- Back testing via TradeScript.
- Real time alerts via TradeScript.
- Stock scanning via TradeScrip8
- Import/export to/from Excel, including indicator values.
- Straightforward data feed API adapter class with development support.
- Back-end administrator application to Generate License Keys, send instant messages, generate P&L reports, and much more.
Cloud server & data storage
The Web 2.0 layer will be hosted on the Azure cloud platform with a mix of IPFS/ SWARM, BigchainDB/IPDB and Web 2.0 technologies for file and data storage. Specific implementation will be decided via benchmark testing during development.
Blockchain Fabric Advancement
The trade.io system will utilize Ethereum mainnet and the Raiden network to establish a direct P2P trading platform.
The Raiden network, based on payment channel technology, is unique in that it is able to scale along with the number of its increasing users thus being the optimum payment system for years to come. This means that as the Raiden Network increases in size, so does its processing capability, with practically no ceiling.
The Raiden network offers the following benefits which are complementary to the core business logic of the trade.io ecosystem:
- Scales linearly with the number of participants. It’s expected that the network will facilitate 1 million or more transfer per second, suitable for trade.io trading platform.
- Transfers are confirmed within a sub-second, ensuring reliability to traders.
- Individual transfers don’t show up in the global shared ledger, ensuring confidentiality.
- Transfer fees are orders of magnitude lower.
- Low transactions fees enable micropayment processing.
According to the statistics published by Broker Notes1, the Forex market is one of the world's largest financial markets. Its size in 2017 exceeds US$5.3 trillion per day, which is four times the world's GDP. If you spent one dollar every second around the clock, it would take you 31,688 years to spend a trillion dollars. Therefore, to spend $5.3 trillion, the value of Forex, would take you 126,118 years.
The Forex market is 12X larger than the futures market and 27X larger than the equities (stock) market.
However, the Forex market is a market of large players, and the currency trading market segment occupies only 5.5% of the total market (this is always kept quiet by the retail Forex brokers when giving statistics for the whole market). Thus, the size of the retail segment of the market is about $290 billion turnover per day, which still remains a significant figure.
Over 35% of traders search for a broker using a mobile or tablet device. Traders prefer Android over iOS. 56.1% of traders have an Android phone, while 41.8% use iOS. Samsung is the most popular brand among traders using Android.
The company (UBS AG) predicts that the turnover of Forex will be $10 trln a day by the end of 2020. This growth will be affected by the diversification of portfolio investment by banks, insurance companies, hedge funds and even pension funds.
Thus, the Trade.io project plans to develop its activities in a very promising and ever-growing market. It will provide three versions of the platform with the coverage of the mobile segment. It is also worth noting that 60% of all Forex transactions are conducted in either the UK (41%) or the United States (19%). And Primus Capital UK Ltd works in the United Kingdom since the 2015.
The cumulative capitalization of all cryptocurrency represented on the popular analytical service Coinmarketcap is currently $199 bln.
The overall growth of the market is largely due to the recent sudden rise of Bitcoin’s price above the $7000 mark; capitalization of Bitcoin has already surpassed $120 bln. However, the index of dominance of the first cryptocurrency returned to the April values of 2017, and is 60%. This means that the demand for Bitcoin is higher than for all other cryptocurrencies combined.
The popularity of the cryptocurrency market in 2017 is also proved by the record number of search engine requests. The number of persons wishing to trade in the cryptocurrency market and, consequently, the number of those wishing to meet this demand, i.e. to provide this opportunity grows every day. The average turnover for 126 crypto exchanges and crypto-exchangers ranges from 1 million to 2 million BTC2 per day, at the current rates of about $5-10 billion on a daily basis.
This is 29 times smaller than the retail segment of the Forex market, but has significant potential for further growth and is one of the most attractive markets for many Forex brokers in the coming years.
The cryptocurrency market is in an active phase of growth and formation of key players. The Trade.io project is trying to occupy its own niche in the market, realizing that the cryptocurrency market can repeat the success of the Forex market.
Competitors and competitive advantages of the project
The project's competitive advantages include the proposed liquidity pool, which can be "joined" with more than 2,500 TIO. The Pool will grant its participants the right to receive 50 per cent of their income on a daily basis based on their share of ownership. The Liquidity Pool is the most powerful feature of the project, and its competitive advantage.
Other competitive advantages include a strong, experienced project team, as well as partnerships with the FXPRIMUS and PRIMUS Capital Market UK brokers.
We should also note the seriousness of the stated approach to compliance procedures. Trade.io has employed some of the top names in banking compliance, with decades of experience both on and off Wall Street. Trade.io is intending to obtain a Swiss banking license along with an exchange license. Furthermore, trade.io has started to and will continue to liaise with global regulators to ensure it is always compliant when dealing with clients from different countries around the globe.
Otherwise, at this stage of the project's development, we have seen no major differences with most Forex brokers, except for a few minor ones. The competition among brokers is growing, and many are entering the cryptocurrency market by providing access for their customers. A part of the company is staging its own ICO and is trying to rebuild its business on blockchain technology, including its own trading platforms. Let's list the ones that are either in the process of staging an ICO or the ones completing one:
Of course, all these projects are very different, but the trend is obvious; the competition will continue to grow.
The company is headquartered in Zug, Switzerland, or Crypto Valley. It was founded in 2017. The project team consists of 15 people: The project's shareholders are not disclosed, so let us list the core members of the managing team:
JIM PREISSLER, СЕО — 20+ years of international business experience with a deep private equity and investment banking background. Has served as CEO, chief, CFO and have been on the board of several public companies. Series 7, 24, 63, 79 and 99 securities licenses.
CHIEN LEE, Board Member - Chien Lee is the founder, chairman and CEO of NewCity Capital LLC. Mr. Lee is also the co-owner at OGC Nice FC, a French association football club based in Nice. Mr. Lee is also a founding member of 7 Days Group Holdings Ltd., one of the leading budget hotel chains in China, Additionally, Mr. Lee is co-owner of The Grand Ho Tram Strip, the largest integrated resort in Vietnam.
DAMIAN MCDOWELL, Board Member - FCA Registered business leader with over 20 years of experience in financial management & operations within London. Currently serving as CEO & Executive Director of Primus Capital Markets UK Ltd.
ROY GUTSHALL, Board Member - over 7 years experience within the financial services industry with a large emphasis in the Forex Community focusing on strategy development for both retail and institutional firms.
It is worth noting that this team has a great experience in the areas of financial technology, investment banking, trading and blockchain technology. Most team members managed technology companies, startups, consulting firms, held senior positions in state-owned companies, stock markets, including NASDAQ. More than 20 years of experience in the area of investment banking services, including consulting, fundraising, IPO, listing on stock exchanges and M&A transactions.
Also the project has 8 advisors, let's note some of them:
MICHAEL GREENBERG - Founder & CEO of Finance Magnates a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking and investing.
SONNY SINGH - Currently Chief Commercial Officer at BitPay, one of the largest processors of bitcoin in the wold which has raised over $30M in funding from the biggest names in the venture capital world. Author for TechCrunch and a regular on Bloomberg TV.
DAVID HANNIGAN - 20+ years of progressive international FX leadership combined with a hands on understanding of key compliance issues. Extensive Chief Dealer/Head Trader experience including time as Director/Chief Dealer for National Australia Bank.
Development strategy and Roadmap
The project development strategy is built to connect a maximum number of clients to the Trade.io platform. To do this, the resources of project partners will be pooled. These are the resources of the FXPRIMUS and Primus Capital Market companies, in particular their intellectual property and client base.
It is also planned to extend the capabilities of the platform through additional services. To this end, the project intends to obtain a Swiss banking licence and additional financial advisory licenses, such as a currency exchange licence. Additionally, the United States brokerage dealer's license will be integrated for consultation, fundraising, and IPOs in a managed environment. The existence of the licences should certainly enhance the credibility of the project platform and the project as a whole.
We will quote the remaining paragraphs of the development plan:
- “We will develop the trade.io front-end trading dashboard, wallet, the integration with blockchain back-end and the legacy system integration.
- We intend to introduce new products suitable for the trade.io exchange and Trade Token’s future usage.
- We will build out the trade.io Investment Bank and expand compliance and operations to support and execute in a regulated environment, on the trade.io exchange.
- Finally, we will launch our trade.io Seed & Venture Fund which will help support the platform, investing in complementary blockchain technologies and companies looking to list assets on the trade.io exchange».
A detailed roadmap was not provided by the project, but you can see the team’s plans for the year in the diagram below:
The last point in the roadmap, Trade.io IPO, is the most questionable issue. Not to mention the fact that there is no legal basis for converting tokens into classic stock as of yet. An investor may face many complexities related to tax laws and the necessity of passing complex compliance procedures. It remains unclear to us why is it necessary to stage an IPO at such an early date after the ICO, and what the objectives of this procedure are.
Long-term plans for the project are as follows:
- To be the leading platform for trading multiple financial assets based on blockchain technology.
- To be the leading exchange for traditional companies to raise funds from the crypto communities.
- To be the most cost-effective platform to facilitate investment-banking services with reduced advisory expenses.
- To be the biggest trading liquidity pool comprised of Trade Token holders for the benefit of Trade Token holders.
- To be the top 5 crypto-asset based on market capitalisation.
According to information on target distribution in the white paper, 7 percent of raised funds will be allocated to the development of the project. It is logical to assume that marketing costs will be included in this. It is not possible to calculate the estimated amount of funds to be collected at this time, the range of possible fundraising is between $5 - $190 mln.
The project team claims to have a separate marketing specialist, LUKE SZKUDLAREK, for the Chief Marketing Officer position. Luke started his career in HSBC at the Digital marketing Manager position in the UK in 2008, so he has a lot of experience.
The marketing strategy itself is not present in the project documents, but you can note the frequent publication of team members or a project in publications such as Bloomberg, Forbes, Entrepreneur, Huffpost, Bitcoin.com, the cointelegraph.
The project will focus on the audience and customer base of its first partners:
«Marketing after the ICO will be geared to the audiences that respond best during the pre-ICO and ICO, and we will tailor make the plan based on not only the audience but as well as the languages where we get the largest user base.» In this way, the project will adapt its marketing strategy to a direction that has a higher conversion.
Despite the presence of a team of specialists, ICO Trade.io in our view is weakly promoted, especially when we recall the high level of the desired hard cap. The project site has been translated into 11 languages. On the project’s social media, the largest number of subscribers is observed in Telegram, where more than 4500 people are subscribed. There are also discussions on Bitcointalk, with more than 6700 posts. The remaining channels are weakly promoted. There is also a series of videos on the project that have a large number of views on YouTube.
At the time of writing the review. The project has already raised more than US$9 mln having thus exceeded the soft cap, which might well be a parameter indicating interest in the project.
Economy of the Project
As the project team notes, the most important function of the platform is to create a liquidity pool. This is also the main advantage for TIO token holders.
Half of the profits earned (important: or losses) will be distributed (in the case of be losses charged) from the liquidity pool to those who are members of the Pool. In order to become a member of the liquidity pool, customers must have at least 2,500 TIO as a membership fee (this sum will be reduced later). Assets placed and blocked for use by the Liquidity Pool by its participants may include the same alternative currencies as Bitcoins or altcoins and even fiat currencies. Participating in the Liquidity Pool with the project’s tokens (which creates additional motivation and demand for TIO) provides significant profit, contributing to the Pool in cryptocurrency provides fewer profits and in fiat currency even fewer. Detailed information about the exact figures, including information on participating in the Liquidity Pool with other cryptocurrencies or currencies, will be published at a later stage. The distribution of the results of the liquidity pool will occur on a daily basis in proportion to the participant's share in the pool.
In other words, 50 percent of the daily income (or loss) for Trade.io will be deposited to or charged from the Liquidity pPool. The members will receive their share of the Liquidity Pool on a daily basis.
In order to receive maximum effect from participating in the Liquidity Pool it is necessary to buy more than 2,500 TIO (2,500 TIO is the minimum amount required for participation). As we can see from the table below, the more the amount of TIO tokens, the more the share of the profits.
TABLE NEEDS CHANGING
Contributions larger than 25,000 TIO will receive 10% more of the additional bonus, so part of the profit for smaller owners of tokens will be redistributed to major holders.
The Liquidity Pool's income will consist of the following 6 items:
- Risk positions
- Margin Interest
- Transaction & Placement Fees
Spreads: All the trading tools on the platform will have a purchase price and a sales price. The difference between these two prices is called spread. 50% of the spread on all transactions made on the Trade.io platform will become a part of the Liquidity Pool.
Commission: Most brokerage companies charge the Commission for each trade transaction. Thus, 50 percent of all fees charged on the Trade.io platform will enter the liquidity pool.
Aggregation: Trade.io will able to combine many unmatched small orders into one large order before passing back into the liquidity pool. As a result, all of those transactions that couldn’t be processed due to the inability to match, will be collected and processed once pricing can be matched. This ensures that value is being maximized on each and every transaction regardless of size, and passed back into the liquidity pool.
Risk positions: Hedging the overall trade risk in customer positions is a profitable source of revenue for many brokers. Risk management in Trade.io is done using complex proprietary algorithms and using the expertise of risk managers. Risk management is done on a macro level along with a granular level, thus maximizing the profit potential for the liquidity pool.
Marginal interest rate: One of the features of e-wallet Trade.io will be to enable customers to take credit through their e-wallet as security. Creditors of these credits will be other clients who are interested in receiving interest income from the P2P credit program. Trade.io will earn a small fee for the service and will facilitate P2P lending. Half of this generated revenue will be in the liquidity pool.
Transaction and placement charges: This is through investment banking activity that the firm is participating in, which means assisting companies to get “tokenized” or listed on the trade.io platform. This feature is highly important as the Trade Token will essentially become the ONLY cryptocurrency with real world value as participating companies will have locked real-world assets in order to receive Trade Token in exchange.
As mentioned earlier, all of the income streams listed are collected and 50 percent of this amount goes to the Liquidity Pool and is then distributed among all participants according to the Graduated Plan. Now we will quote an example given in the project documentation:
TABLE NEEDS CHANGING
«Participant A has locked 2,500 TradeTokens - this means they will be eligible for 10% participation. Participant B has locked 12,500 TradeTokens eligible for 50% participation.
Participant C has locked 25,000 TradeTokens eligible for 110% participation. Now, let’s assume the 3 participants above are the only participants in the liquidity pool and $10,000 was generated in revenue on a hypothetical day.
Participant A accounts for 6.25% of the Trade Tokens found within the liquidity pool (40,000 Trade Tokens x 6.25% = 2,500) or a share of $625 out of the $10,000 generated revenue ($10,000 x 6.25%). Since they are entitled to only 10% of their share, their allocation for the day would equal to 10% of $625 or $62.50.
Participant B accounts for 31.25% of the Trade Tokens found within the liquidity pool (40,000 Trade Tokens x 31.25% = 12,500) or a share of $3,125 out of the $10,000 generated revenue ($10,000 x 31.25%). Since they are entitled to 50% of their share, their allocation for the day would equal to 50% of $3,125 or $1,562.50.
Participant C accounts for 62.50% of the total number of Trade Tokens found within the pool (40,000 Trade Tokens x 62.50% = 25,000) or a share of $6,250 out of the $10,000 generated revenue ($10,000 x 62.50%). Since they are entitled to 110% of their share, their allocation for the day would equal to 110% of $6,250 or $6,875».
This example demonstrates the operation mechanism in a simple and understandable manner and it follows that the base currency for the liquidity pool will be the United States dollar and payments will be made in United States dollars. The detailed payment mechanism is not described, but the project team explained to us this point:
«It will be paid proportionately to currencies in e-wallet, for example if client holds 50% in TradeToken, 25% in BTC, & 25% in USD, the liquidity pool profits will be paid out (or debited from) accordingly».
Thus, 6 types of income (Spreads; Commissions; Aggregation; Risk positions; Margin Interest; Transaction & Placement Fees) will determine the success of the entire project, its ability to maintain and develop services in a working state.
In addition to the risks inherent in any project raising funds through ICO, we noted the following:
- Assuming the possible sale of all the tokens of the project at current prices, the hard cap in our calculation may be in the range of $120-190 million. The ICO market has not yet seen such sums raised during an ICO. In our view, these figures are too high, especially in comparison with the soft cap of $5 million.
- At the Pre-ICO, 200 million TIO, which is approximately $73 million, is available for sale. All unsold tokens at this stage will be put on sale in the main stage of ICO at a price 37.5% higher, depending on the ICO duration.
- The profit generated by the Liquidity Pool will be distributed among the Pool participants. But the Liquidity Pool can generate a loss and then it will also be reallocated to pool participants. This may cause a wave of outflows of funds in the Liquidity Pool contributed by the Pool's participants.
Token investment attractiveness
Let us quote the white paper for TIO (TradeToken):
«TradeToken is a utility token that enables frictionless transactions of a wide range of assets on the trade.io exchange whilst also acting as a medium of exchange and a store of value that could become more valuable in line with the growth of the trading platform. It will be revolutionary in its approach being the only cryptocurrency that will have real-world assets invested in it, through investment banking, solidifying its value and setting it apart form the rest that solely depend on market fluctuations in order to determine their value».
The project team certifies that after a variety of legal advice in different jurisdictions, Trade.io is fully confident that the TIO token falls under a Utility Token classification. The token acts as a membership coupon that grants access to the trade.io Liquidity Pool when used in the trade.io wallet (Pool participants can deposit the fiat, crypto, and tokens of other projects to the pool).
The Liquidity Pool pays some of its profits only to holders who keep tokens in the wallets (the tokens have to be "frozen in the wallet"). Therefore, if tokens are kept outside the wallet and do not participate in the Liquidity Pool, there will be no access to the overall benefits of the Liquidity Pool that wallet owners receive. In addition, token owners can receive other rewards, such as individual access or discounts on future products.
Thus, project tokens can be considered as a utility, and their investment attractiveness will be directly dependent on the size of the Liquidity Pool, and more accurately on its profitability.
The white paper for the project states that 18% of raised funds will be allocated to the Liquidity Pool.
This is why the investment attractiveness of the token is very dependent on the funds raised during the token sale. The greater the size of the Liquidity Pool during the initial stages, the more attractive (in absolute values) will be the size of the Pool’s profit and, consequently, the payments to its participants.
Of course, the Liquidity Pool will be subject to a certain volatility, and there will certainly be drawdowns for days or even weeks, but Trade.io recommends that you approach potential Liquidity Pool profitability in the long term rather than from the point of view of daily analysis. We agree with the project on this matter. Other things being equal, this tool may even compete with other classical tools, assuming that the same reliability is achieved, and may surpass them in profitability.
The more revenue the Trade.io company receives, the more revenue will be allocated to the Liquidity Pool and the more will be distributed among its participants.
Thus, TIO tokens are interesting in the long term (over 2-3 years), and their investment attractiveness is directly dependent on the profits of the Liquidity Pool and its size in absolute values, and hence on the popularity of the Trade.io platform overall.