Leverj

Leverj LEV

$0.0670
Market Cap $ 7.910 MM (#557)
24h Volume $ 87.270 K
Chg. 24h: -9.87%
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Leverj project purpose and description

Leverj clarity of purpose

Leverj purpose and aspects

Leverj is a decentralized leveraged crypto exchange that provides solutions to the inherent risks seen in centralized trading platforms. Leverj provides decentralized identity to avoid identity leaks and multi-signature accounts to provide complete user control over account funds. LEV is an Ethereum-based ERC20 token and it is the primary token in Leverj's two-level token system. The LEV token represents a license to transact on the platform proportional to the percentage ownership of the token supply. The second token, FEE, can be generated by LEV token holders by freezing the LEV token in a smart contract for a fixed duration, allowing them to trade on the Leverj platform without having to pay fees in ETH.

Leverj additional differentiation against competition

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Leverj categories

PlatformTradingReal world assets

Short description

Leverj decentralizes the most desirable features of derivatives trading by implementing them in cryptocurrencies and eliminating points of friction. With a tight focus on derivatives trading and the supporting ecosystem, Leverj has taken the approach of defining the product first. We have built a functioning exchange with a usable UI (user interface), decentralized identity, and provable audit. We plan to decentralize the back-end and add ecosystem features that will enable large players to move into the cryptocurrency world.

Abstract

Leverj consists of on-chain Custody and Staking contracts along with an off-chain centralized order book and matching engine. The exchange provides various aspects of the trading experience the user interacts with such as a UI, API, integration with other platform services, etc.

Link to Roadmap: https://www.leverj.io/#cp-tl
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