Overview

EverMarkets is the first decentralized platform to trade traditional equity, bond, and commodity futures on the blockchain with liquidity provision.

Project stage

Prototype

Detailed description

EverMarkets is a decentralized trading platform aimed at revolutionizing global derivatives markets. Evermarkets offers contracts which give exposure to assets as varied as crude oil, gold, stocks, or bitcoin. We will dramatically lower the cost of trading, provide superior execution quality through microstructure innovations, and democratize access for participants globally. Through the use of decentralized blockchain technology, collateral is held securely and trades are recorded immutably, decreasing the need for many intermediaries and streamlining commerce. 

Unlike other platforms, we have a detailed plan for building liquidity, notably by spinning off an independent liquidity provider to maximize executed volumes. Our team consists of industry leading quantitative traders, market makers, and developers. The platform will begin with contracts similar to ones traded on established exchanges, but will rapidly allow for cryptocurrency derivatives and custom contracts which anyone can create.

Problem

Trading on exchanges is problematic: 

1. Expensive: Futures contracts trade on one exchange at a time, giving exchanges monopoly pricing power and allowing them to charge high trading and data fees. 

2. Unfair : Certain traders have significantly lower fees and technological advantages to trade ahead of everyone else; this increases the "impact" cost of trading. 

3. Inaccessible: Connecting to new exchanges is costly and complex, especially if outside the trader's home country.

Solution

By leveraging smart contracts and a shared ledger, our platform will reinvent the traditional roles of the broker, the clearing house, and the exchange into a more streamlined process. This will return billions of dollars back into traders’ pockets and make it much easier for businesses around the world to plan future cash flows. Standardizing derivatives trading worldwide would also make payments, clearing, and settlement processes more efficient. The cost of financial operations would shrink significantly.

Features

Cheaper
We intend to reinvent the roles of the broker, the clearing house, and the exchange. With fewer parties involved, we aim to cut the cost of trading dramatically. - Fairer: Markets are currently plagued by price discrimination. High frequency traders can make trades significantly cheaper than other traders can by using deep volume discounts, purchasing costly “membership seats”, or through a variety of other incentive packages. We want to level the playing field. 

Global access
Markets around the world have different requirements to trade, and their own sets of rules. We want to standardize liquidity on a global platform and make it easy for anyone, anywhere, to access any market. 

Real world contracts
Creation a legal way of trading contracts fungible with existing exchanges on our platform. By centralizing the legal and regulatory capital needed to get this done, but decentralizing the result, we hope to all the world’s liquidity. 

Minimizing market impact
By innovating on the traditional microstructure of today’s exchanges, we look to create markets which are less volatile, less susceptible to market impact, and less reliant on speed for success. 

Leverage done correctly
Deployment of a market-based approach to margin to make sure that traders are able to lever up their trades, but in a responsible and controlled way.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : EMX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 50,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :20 EMX
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Ptivate sale — Soon
Start Soon
NA No - Uncapped Uncapped
Token Sale — Soon
Start Soon
0.15 USD No - Uncapped Uncapped
  • Team

    • Jim Bai photo
      Jim Bai
      Chief Executive Officer
    • Craig Austin photo
      Craig Austin
      Chief Technology Officer
    • Jerald David photo
      Jerald David
      Chief Operating Officer
    • Eric Rogstad photo
      Eric Rogstad
      Blockchain Development
    • Evan Rothmayer photo
      Evan Rothmayer
      VP, Engineering
    • Ryan Hansen photo
      Ryan Hansen
      Business Development
    • Pavel Petukhov photo
      Pavel Petukhov
      Market Data Development
    • Zane Yang photo
      Zane Yang
      Community Leader
  • Advisors

    • Simon Seojoon Kim
    • Howard Chao
    • Pang Chau
    • Stephen Klein
    • Jimmy Homma
    • Jon Anderson

Roadmap

  • Apr 2017

    Founded

  • Q2 2017 - Q1 2018
    • Assembled world-class team of industry professionals
    • Alpha launched on Rinkeby testnet
    • Private sale completed
  • Q2 2018
    • New branding and EMX.com relaunch
    • Development of Beta
  • Q3 2018
    • Trading Competition & Platform Beta
    • Token Sale
    • Board of Directors appointed
    • External Market Maker recruitment
  • Q4 2018
    • Production Platform launch and live trading
    • Non-US Exchange and Clearinghouse created
    • Margin Syndicate formation
  • Beyond 2018
    • CFTC application filed
    • Additional contract listings

Activity