Quorum is permissioned blockchain platform based on ethereum focussed on enterprises and specifically designed for the financial sector. Quorum Blockchain is built for the sharing and replication of data that is the common need for a financial enterprise. This is a layer on top of Ethereum enabling robust performance of private transactions with different consensus algorithms. The Quorum has increased performance than public Go-ethereum (Geth) protocol.
Minimum Contract size:
Secure Admin Panel to set the minimum number of assets that should be bought in 1 slot/ contract. Based on the Cryptocurrency used, you can set the minimal number. Ex: 7 Bitcoins in one contract.
“Good faith deposit” percentage:
Also you can set the minimum down-payment %age the trader is required to deposit in the account for each contract. This initial margin is called the “Good faith deposit”. Ex: 10% of the Bitcoin Future Contact value.
Minimum Price movement “Tick”:
Provision to configure the Minimum Price movement of the trading instrument. Whenever the cryptocurrency price Tick’s, the trader gain’s / loses on his Futures contract.
Ex: You can set the Tick as $10 of Ether real-time price.
Real-time systems to indicate and calculate the futures contract’s that are highly leveraged. Helps you monitor indexes and also set notifications on critical threshold points when reached.
Auto Credit / Debit settlements:
Provisions to configure automatic settlements at the end of each trading day. Payment gateways will be setup that allows auto credit or debit of funds in-from traders’ accounts everyday.
Auto maintenance margin call:
Systems monitor in realtime the accounts that go below the maintenance margin. Will configure dynamic IVR’s for calls/ SMS to trigger margin calls on behalf of the broker ie. You. Systems can also be set to auto-deposit sufficient funds using Payment gateways.
Price fluctuation limits:
Provision to mitigate risk with Cryptocurrency Price volatility. Via. The secure Admin Dashboard you can configure 3 limits. You can also set the monitoring period and halt period for each limit. Trading will not happen beyond the top limit set.
Ex: 9%, 15%, 22%
Any cryptocurrency of your choice can be set as the base asset powering your Futures contract market. It can be also created your own coin/ token.
Ex: Bitcoin Futures contract marketplace, Ether Futures contract platform, TRX Futures Contract market.
Risk-Free EOD Settlements:
The high volatility of the cryptocurrency market can bring you huge daily profits. The market has equal number of Short & Long speculators. As a marketplace, you make money either ways. When Bitcoin and Cryptocurrency raise or fall.
A well-planned Marketing strategy has the power to make your coin stand out from the rest in the crowded crypto space and garner investments.
With the automated debit-credit structure in place, trader accounts get debited or credited automatically based on market volatility.
How do you make money?
There are many ways you can make huge revenue running a Cryptocurrency / Bitcoin Futures contact platform.By default the system can be set so traders trade against each other and not against the exchange, so its totally risk free for the exchange owner. Some other interesting revenue channels are:
Your Cryptocurrency Futures Contract marketplace can make money by offering god leverage and charge a flat %age fee on the notional value of each trade.
A fee for each transaction.
Listing fee from relatively upcoming crypto’s and many more.
How does Cryptocurrency Futures Contract work?
For those who don’t understand the concept of Cryptocurrency / Bitcoin Futures Contract, let’s start from the basics.
What is a Futures contract?
Simply put, it is an agreement or contract to sell or buy an asset on a date or time in the future – at a specific price.
Once you enter into a futures contract, you are obliged to Buy or Sell the asset at the price you agreed for (when the contract is executed at the agreed date/ time in the future). Even if the price of the asset is different during the execution date.
For example, the asset you are trading is Gold. You buy a Futures contract that holds 100 units of gold at current market price (Each unit is $10 at present in the market). So your contract is worth $1000. Say in 5 months the contract expires. Per unit of gold then is $15. Your profit is $500. On the flip side, say the price has reduced to $7. Your loss is $300 (which you need to pay to the exchange).
As a trader you can take two positions in a Futures contract: Long or Short.
If you take a Long position: You are buying the asset at a specific price you believe in, in a future date that the contract expires in.
If you take a Short position: You are selling the asset at the specific price you believe in, in a future date the contact expires in.
A common practise is to take a long position when the asset is at the record low price. Or short it when the asset is in an all-time high. Both involve risk though based on market volatility.
What are Cryptocurrency / Bitcoin Futures Contract?
Similar to the regular Futures, your marketplace can allow traders to speculate on the price of Bitcoins and other cryptocurrency. Your investors don’t need to own any Bitcoins or crypto, but can just buy contracts and place a bet on the price.
The system automatically plays the gainers in the marketplace by debited money from the losers accounts. You are left with hefty profit margins.