About the Wyretrade Project?
Wyretrade is built to be a global trading mobile platform that allows users to instantly trade over 2000 publicly traded Stocks and ETFs using their crypto balance, Buy, Sell, Hold and Trade over 50+ cryptocurrencies, create or predict on the hottest stocks and crypto market. Wyretrade will instantly allow small retail investors globally to start investing as little as $5 in their favorite stocks.
WHAT WE DO
Wyretrade is comprised of four main components, including a mobile app for trading stocks and ETFs, Crypto Wallet – Buy, Sell, Hold and Trade over 20+ digital assets, Betting – Bet on the hottest stocks and crypto markets, Payment – just like PayPal instantly pay friends and merchants in stable coins.
Stocks & ETF
Start investing as little as $5. Trade over 2000 stocks & ETFs
Cryptos
Buy, Sell, Hold and Trade over 45+ cryptos
Prediction
Predict on the hottest stocks and crypto markets
Diversify
Build your portfolio with stocks & cryptos
Remittance
Instantly pay friends and merchants
Staking
Stake your cryptos and earn rewards
Margin trading
Borrow to Increase your trading capital
Low fees
Enjoy the lowest trading fees
MOTIVATION
The lack of Stocks, ETFs, and crypto trading platforms in emerging markets like Asia, Africa, South America, and parts of Eastern Europe has left tens of millions of small retails out of the stock market. Investing platform like Robinhood limit their platform only to users in the U.S.
OUR MISSION
Our mission is very simple, make investing accessible to everyone by providing a safe and secure mobile platform to trade stocks, exchangetraded funds, high-quality cryptocurrencies, and market outcomes, combining a first-rate user experience with an advanced trade-matching engine, 24/7 customer support and high-grade financial products. At wyretrade, we believe the community, and our users, must be viewed as an essential priority. Therefore, we strive to be a community-centric exchange, delivering a high-class service to all our customers, on our journey to become a brand name that people recognize, and trust, in the cryptocurrency sector.
THE VISION
Have you ever used Facebook, Alibaba, Snapchat, Tesla, Apple, Amazon, Netflix, or Google? Chances are you have, and while these tech giants are at the forefront of innovation and technology, with stocks, you have an opportunity to get in on the action by buying and selling shares in these companies. Wyretrade’s vision is a global trading platform designed to target a very wide demographic. Our goal is to open the door for billions of small retail investors worldwide and allow them to start investing in the stock and crypto market. Our user interface is being designed to be easy to use and simple enough to encourage rapid adoption. Blockchain will allow us to set this up in a way that benefits both retailers and consumers
CHALLENGES
With the rise of cryptocurrencies and the mass adaption of blockchain technologies, millions of small retail investors around the world, especially those in emerging markets are still finding it difficult to get involved with stocks and cryptocurrencies. This is mainly because most stocks and crypto brokage firms like Robinhood and etoro do not offer their services to these emerging markets, like in Asia, Africa, South America, and parts of Europe. Also, the lack of capital and knowledge base sharing has been a major setback for most smaller retail investors around the world from getting involved with the stocks and crypto market. For example, small retail investors find it very difficult to start investing in companies like tesla ($700/share) or Facebook($240/share) because the share price is trading at a higher value. Furthermore, the betting industry is quite broken and exploitative as the best bettors are penalized and their accounts frozen leaving them with huge losses. They will bet against their users and then used every trick in their books to make sure users do not win.
SOLUTIONS
Wyretrade has developed.
1) A simple, easy to use mobile app for trading stocks and exchange-traded funds (ETFs) using crypto currency. With the integration of fractional shares trading, smaller retail investors can now get involved with stocks and can start building their portfolio with as little as $5.
2) A Crypto wallet for users to Buy, Sell, Hold and Trade over 50+ cryptocurrencies.
3) A peer-to-peer prediction market platform where users can create their own predictions or predict on the hottest stocks and crypto market.
WYRETRADE APP BENEFITS
Multi-coin wallet: Buy, Sell, Hold and Trade over 50+ cryptocurrencies. Easily manage your wallet, maintain your portfolio, and experience our low trading fees.
Trade over 2000 stocks & ETFs: Start investing as little as $5. Buy a portion of a stock or exchange traded fund (ETF) rather than buying a whole company share.
Margin (2x): Margin trading refers to the process of borrowing funds from Wyretrade to leverage your available capital to trade stocks, ETFs and you must activate your margin account with at least 1000 PEPPER. Margin trading incurs interest charges, and these charges are debited from your account (8.5%APR)
Remittance: Grow your business globally with borderless, instant, and low-cost crypto transactions.
Prediction marketplace: A global no limit prediction market place. Predict on the hottest stocks and crypto market.
Staking: stake your stable coins of USDC and PEPPER at (2.5%APR)
WHY INVEST IN STOCKS & ETFs
Participate – Stocks are an exciting way to participate in a growing economy and, particularly, in stocks you find interesting or innovative. When an economy is growing, company earnings can increase, jobs are created and people with secure good paying jobs are more likely to invest in stocks and mutual funds which can help drive stock prices higher.
Growth – Stocks are also a good way to stay ahead of inflation and grow retirement savings. Historically, stocks have increased in value 7 to 10 percent on average per year, against an average inflation rate of 2 to 4 percent. Stocks do not go up every year, but over time stocks have proven to be a consistently good investment.
Efficient Markets – Stocks are easy to buy and easy to sell as trading action is efficient with so many participants in the stock market every day, prices are generally fair, and there is generally enough trading volume of buyers and sellers to get in and out of most positions easily if you trade commonly known companies.
WHY INVEST IN CRYPTOCURRENCIES
Cryptocurrencies have low investment hurdles: Having low investment hurdles means you can invest in common fractions, and because of this, anyone can get involved in it, and you can create a great and very diverse portfolio.
Transparency: When it comes to blockchain, its transactions are available and visible to everyone. This allows an open or, we can say, omniscient level of knowledge to everyone involved.
Fees: Compared with stock trading or other asset classes, cryptocurrencies offer significantly lower fees for their trading and even on the transaction.
Liquidity: One of the best benefits of cryptocurrencies exchange and broker is available 24 hours, which makes it easy to buy, trade, and sell anytime you want to.
REVE NUE MODEL
Wyretrade creates revenue from trading fees, market predictions fees, FX rates, margin lending, withdrawal fees and others.
THE TECHNOLOGY
Wyretrade runs on stellar which is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 4.8 million accounts.
WE CHOOSE STELLAR BECAUSE
1. Speed = Stellar settles transactions in 2-5 seconds.
2. Cost = Send 100,000 transactions on Stellar for only cost of $.01 USD.
3. Accessibility = Stellar use Anchors that connect to the current global banking system.
4. DEX – Their decentralized distributed exchange allows peer to peer exchanges of fiat and crypto assets, one of the major utilities of PEPPER.
TOKEN ECONOMICS
Wyretrade is powered by PEPPER (“PEPE”) which is Stellar native utility token and will serve as the core collateralization and economic engine that drives spending & settlement in the Wyretrade ecosystem. The total supply is 350 million which will never be increased.
- NAME: PEPPER
- SYMBOL: PEPE
- TOKEN TYPE: STELLAR
- ICO TOKEN PRICE: 1 PEPE = $0.033
- FUND RAISING GOAL: 87,500,000
- PEPE TOTAL SUPPLY: 350,000,000
Token sale and distribution
Token Sale / Token Distribution / Token Stats
Funds AllocationRoad Map
2020 – Q1
- Stocks market software development
- Alpaca markets integration
- Margin trading feature implementation
- Fractional shares trading implementation
- Fmpcloud market data integration
2020 – Q2
- Crypto wallet development
- Cold wallet implementation
- Token listing 45+
- Crypto exchange trading developed
- Crypto payments completed
2020 – Q3
- Xanpool integration
- Onramper integration
- Ramp integration
- Swift blockchain integration
2020 – Q4
- Peer to Peer prediction protocol developed
2021 – Q1
- Creation of PEPPER
- Implementation of PEPPER functions Staking and reward development completed
- Registration with the SEC as an investment advisor
- Register with FinCen
2021 – Q2
- Apply for Licensing
- Peer to Peer crypto exchange developed
- Escrow development
2021 – Q3
- Peer to Peer lending developed
2021 – Q4
- Merchant payments developed
TEAM
- BRIAN ZIFAC – CEO/CCO
- NANHE JIN – CTO
- JIN ZHE – FULL STACK DEVELOPER
- AKANA DUPLEX – COMMUNITY MANAGER
- TEMBONG FONJI – FULL STACK DEVELOPER
- GAZI RAFSAN – WEB & GRAPHIC DESIGNER
Forum Username: Landiva
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3325170
Telegram Username: @landiva
ETH Wallet Address: 0x8c7eED86A310f62B27f9C05aF3ee417Ad6A45a7d
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