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Dimensions Network : Next-Generation Cryptocurrency Trading Platform by rayka

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· @rayka ·
Dimensions Network : Next-Generation Cryptocurrency Trading Platform
Disclaimer: This article is intended as a product review & is for reference only. I’m not a licensed financial advisor and this review is not intended as investment advice.

2017was a year in which we saw a tremendous growth in cryptocurrency adoption & exchange trading. In fact, global cryptocurrency markets are now averaging the same daily trading volumes as the New York Stock Exchange which turns out to be a whopping $50 billion. The trend is expected to continue in 2018 & we could see some massive numbers in the new few months, as more & more people are starting to view cryptocurrency investment & trading as a legitimate means to grow their wealth.

With the gaining popularity of cryptocurrency trading we have seen the inception of numerous cryptocurrency exchanges/trading platforms. However out of the many, very few exchanges provide Derivatives Trading. As the Cryptocurrency trading becomes more mainstream, due to the high volatility associated with it, the concept of “Hedging” becomes vital to protect one’s portfolio value. This is where Dimensions Network presents itself as differentiator, as it envisions a substantial return on investment for investors through derivatives trading while accommodating risk management principles. Dimensions Network will intially focus on creating a Centralised Exchange that allows users do derivative trading. This platform will support standard coin pairs, Options, Futures Contracts, Exchange Aggregator and many more features. Moving ahead, the team also hopes to build a decentralised trading network that incorporates cryptography for secure trading processes.The target customers/segments include Cryptocurrency Traders & Investors, Stock, Options & Futures Traders, Banks, Hedge Funds etc

The Dimensions Network team also highlights few major detractors in the existing trading scene that turns off institutional clients - market liquidity & multiple points of operation. The proposed solution is Multi‐exchange Liquidity Aggregator with connects its platform to all major exchanges via their APIs. This will facilitate cross exchange trading & add more liquidity to the system. The team also proposes to bolster liquidity by pursuing banking licenses in multiple jurisdictions to guarantee the users the ability to deposit and withdraw FIAT.

The Exchanges are expected to deliver a scalable, high performance trading experience. To facilitate this, the trading engine is written in the powerful Erlang language. Erlang is used to build massively scalable soft real- time systems with requirements on high availability. The folks at Dimensions have already got a live trading demo.

![](https://steemitimages.com/DQmRcSeD3RqKMYdQayYDepjmm49BUfgzx4QYRJviNm3b7vP/image.png)

The Strike Coin (STC) & Token Sale
Strike Coin (STC) is a token issued by Dimensions Network. The token follows the ERC-20 standard & will initially be used to distribute rewards to the holders (i.e initially the token holders will be rewarded with 15% of the platform’s trading fee). The fact that rewards will grow as the user base and trading volumes grow presents as an attractive propostition for token holders. There will be 240 million STC’s in total. The target was initially proposed at 150,000 ETH but due to the recent rise in the price of ETH the team has announced that the target would be 50,000 ETH.

Token Sale is expected to start on 24th January & end on 24th February. After the sale, the team has proposed to list the tokens at major exchanges such Etherdelta, Liqui, Bittrex, Binance etc. More info on the token sale can be found here

![](https://steemitimages.com/DQmPhYBhTGnXoEZbFbCWZdGSiv9vfdkg5nHKfodXcq98Kt9/image.png)

The Dimensions Network Team
Stephen Mullens is the CEO of Dimensions Network. Formerly a corporate manager in the Energy Sector, his expertise is in Corporate Governance & Risk Management. Rin Chwe Me is the head of Operations, she also serves as Director at Snovits. Manu Datta is the CTO & he has worked in managerial capacities at some major International Banks like Standard Chartered, Barclays & Morgan Stanley.

![](https://steemitimages.com/DQmRm3tuoxb5KSR3Mc4S5KfQ4n6WkF5qsmBipCHDYoXdnAg/image.png)

Visit Dimensions Network Website — https://dimensions.network/

Join the Telegram group — https://t.me/DimensionsTalk

Follow Dimensions Network on Twitter — https://twitter.com/DN_STC

References

White Paper — https://dimensions.network/static/home/doc/DimensionsNetworkWhitepaper.pdf

Bitcointalk username: Funmilola
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