Startup Launches Token Sale in Bid to Democratize the Markets
We are extremely passionate about great companies that create impact for the global economy. One, called trade.io, is definitely a player which is aiming high and has got our attention.
This time we have interviewed Jim Preissler, who is a CEO of trade.io. Preissler has more than 20 years of international business experience with a deep private equity and investment banking background. Has served as CEO, COO, CFO and have been on the Board of several public companies. Series 7, 24, 63, 79 and 99 securities licenses.
You have been managing companies for over a decade including Nasdaq listed companies as well. How did you came up with an idea to start your own business and open trade.io? Did you get inspired or what exactly has happened?
Preissler: This is not the first FinTech company I have started. I started my career at a bulge bracket bank in equity research working for the analyst covering enterprise hardware and software such as IBM, HP, Oracle, Sybase, and others. There I became the lead analyst covering the Internet and ecommerce where I raised significant sums for many of the Internet pioneers as well as the IPO for one of the largest market makers. Some of my early reports and conferences were around DigiCash and CyberCash, who were digital currency pioneers before their time.
After that, I began working as an entrepreneur and investment banker. The first FinTech startup I did was involved with independent, data driven, quantitative equity research using large data sets collected from various sources such as online and the data analysis tools to predict trends for the economy, sectors, as well as individual publicly listed companies. This company was acquired by Investment Technology Group, Inc. (NYSE: ITG). Next, I launched and took public on NASDAQ the leading online banking technology provider in China, which was subsequently acquired by a China based private equity firm. I have been involved with a number of other private and publicly listed companies after that.
Because of that technology background, I am always excited when transformational technologies, such as blockchain disrupt the market. At the same time, I am familiar with the inefficiencies and revenue structures of trading and investment banking. It looked to me, based on user adoption rates and acceptance, that the timing was right for blockchain technology to be deployed widely enough to disrupt the financial industry. It was fortuitous that I ran across the likeminded team who now comprise the trade.io board, and we were able to bring the idea to fruition.
Could you open up the idea behind trade.io? What it actually is, how does it work and what benefits can it bring to clients?
Preissler: trade.io is not just about distributed technology, it’s about distributed wealth. Blockchain technology allows us to achieve the vision of distributed wealth through our peer-to-peer shared liquidity pool as well as removing much of the inefficiency in fundraising and IPOs.
The trade.io exchange supports trading of multiple asset classes, and a more efficient listing of assets in the crypto economy under the indelible & trusted history that the blockchain provides. trade.io couples this with its investment banking and advisory expertise.
The token holders will use Trade Tokens to participate in the shared peer to peer liquidity pool and potentially receive pro-rata daily disbursements of up to 50% of the pool’s profits based on performance. This P2P shared liquidity pool, in which participants share in the pool’s performance, will be innovative and unique to the industry. Ultimately, the transactional records of the liquidity pool participation will be blockchain based as well.
How do you differentiate your trade.io from other blockchain trading platforms?
Preissler: trade.io will be a multi-asset trading platform for not only crypto assets, but also Forex and CFDs over precious metals, oils, commodities, index’s and global equities and any number of potential assets. Coupling this with the shared liquidity pool, where participants share 50/50 in the potential profits is unique to the industry.
You are launching your pre ICO on 7th of November. What are your goals for it, how much money are you raising and what are you offering in return for investors?
Available Tokens for Crowdfunding : 275,000,000 PRE-ICO Period:
7th – 25th of November where 1 ETH = 200 TradeTokens Tokens for PRE-ICO:
Up to 200,000,000
28th of November - 15th of December where 1 ETH = 150 TradeTokens
Tokens for ICO:
75,000,000 + remainder from pre-ICO
What is your long-term vision for trade.io in terms of global positioning and where do you see trade.io in the next five to 10 years?
Preissler: Hopefully, trade.io can both save and earn a significant amount of money for our customers and be a top 10 global exchange for FX and crypto as well as other assets and have licenses to operate in several key markets around the world.