Tettix - Decentralized Ethereum Token Exchange Platform

Talk @ Blockchain Asia 2017 Workshop

https://tettix.io

Transcript

1. Decentralized Ethereum Token Exchange Platform Your Trade Your Game
2. AGENDA 1. Blockchain Market Overview 2. About Tettix 3. Tettix Technology 4. Initial Coin Offering Details 2
3. PART Blockchain Market Overview 3
4. The Growth of Digital Currency 4 Based on the Bitcoin protocol, the blockchain database is shared by all nodes participating in a system. The full copy of the blockchain has records of every Bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged a particular address at any point in the past. Along with the enormous success with Bitcoin and Ethereum, it prospers the transactions of Cryptocurrencies, so called exchangeable value tokens nowadays. There are an estimated 700 Cryptocurrencies, already available in the market.
5. 5 Most of users prefer choosing existing Exchanges for their digital currencies transaction for the convenience it bring. However, we believe there are still four concerns behind the services: 2 Non-transparency This procedure causes the opaque of the transactions. The Exchanges can manipulate the digital currency market due to the information asymmetry. Low Currency Circulation Once users invest a new ICO project, it will be difficult for them to exchange their token to cash immediately. High Hacked Risk Due to the centralized characteristic of Exchanges, it will be easier to hack into the system. Once hackers attacked the Exchanges, the users only can compromise to assume the risks and loss. Various units of Currency There is no standard currency unit in existing Exchanges platform, every small changes will affect the interactions of the exchange rate vibration, which increase the investment risk. 1 4 3 The Concerns of Existing Digital Currency Exchanges Platform
6. PART About Tettix 6
7. Tettix Introduction 7 Our Vision Our vision is to build a decentralized ecosystem of digital currency. We improve the autonomy of transaction and decrease the entry barriers of investment. We expect Tettix become the largest decentralized currency exchanges platform in the near future. Tettix is a decentralized ethereum-based trading system, which is transparent and uncorrupted. In our system, users can easily exchange ethereum token with great manipulation of their own wallet. Tettix system is the transparency, recorded and open. Our Idea
8. Tettix Characteristics  Decentralized-  Zero Charge for Cancellation  High Token Circulation 8 Tettix Introduction (con’t) Tettix Services  Currency transfer,  Assets management  Token management & exchanges  Open API Bids Matching  System automatically search the matching bids for user  Cancellation gas fee will transfer to the TIX token, and refund Assets management  User can manage their own private key and asset without interfere by Tettix
9. PART Tettix Technology 9
10. 10 Tettix System In Tettix, we combine Metamask, a well-known Chrome extension that can easily access to blockchain network through a user friendly interface. User can easily cancel the transaction without charge. During the transaction procedure, Tettix will save users’ public key, types of tokens and currency amounts into a clustered database.
11. 11 Traditional Transaction Process A traditional exchange requires four steps to finish a transactions can be listed as followed: 1. Seller submits selling ticket 2. Exchange writes ticket into database 3. Buyer submits buying ticket 4. Exchange writes finished transaction into database In traditional process, finishing a transaction only represents a data updating in database. Buyer and seller won’t get the currency until they request to withdraw. In the whole process, if the Exchange encounters any issue such as database exception or hacked, the users only can compromise to assume the risks and loss.
12. 12 Tettix Transaction Process In Tettix, our decentralized exchange process are like the following: What decentralized exchanges need to do is to match trading from users and the let them trade directly rather than modifying data in database. 1. Seller submits selling ticket 2. Exchange writes ticket into database 3. Buyer submits buying ticket 4. Buyer deals with seller via MetaMask directly.Exchange soft delete ticket in database.
13. 13 Tettix Application When user initiate a transaction as a seller, they first need to submit tokens to Tettix, and then record the information including address, amounts and tokens. Tettix will take few tokens from seller as commission.
14. 14 Tettix Application-con’t If user want to cancel the transaction, we will refund total payment to seller. The fee that caused by the procedures will be paid by TIX, the loss of the currency will be covered by the Tettix platform.
15. 15 Transaction Verification Mechanism Trading in decentralized exchange are directly recorded in Blockchain network. Additionally, each of record is verified by Blockchain to ensure its authenticity. This mechanism makes sure that exchanges cannot interfere trading. Tettix will not interfere trades between users. Once the bids matches successfully, it will finish the transaction via MetaMask directly.
16. 16 Tettix User Interface Tettix has a user-friendly interface which is easy and efficient for user to predict the trend of digital currency. We provide sufficient analysis tools such as MACD, Moving Average, K line, etc.
17. PART Initial Coin Offering Details 17
18. Tettix Roadmap 2017.7 Whitepaper 18 2017, July-Tettix website launch 2017, August- Tettix white paper proposal (English and Chinese), ICO launch 2017, October- Tettix internal beta version 2017, Noverber- Tettix external beta test 2018, Q1-Tettix begin operation 2017.8 ICO Launch 2017.1 Idea propose 2017.10 Internal Beta ver. 2018.Q1 Begin Operation 2017.11 External Test 2017.Q2 Steady
19. 19 ICO GAS Team 20% 40% 40% ICO Goals and Tokens Launch Details We plan to launch 1,000,000,000 TIX during August 30th ~ September 21st, 2017, 3 weeks in total. One unit of ETH can exchange 10,000 units of TIX. Early Bird Promotion: Users who purchase in the first 5 days can gain extra 20% bonus. (1 ETH exchange 12,000 TIX) Transaction Limit: The maximum transaction amounts is 30,000,000 TIX (3,000 ETH), and the minimum transaction amounts is 100 TIX (0.01 ETH) Note: In first round ICO, we are going to launch 40% tokens (400,000,000 TIX), 20% will managed by Tettix Team (Not allow to the market for one year), the remaining 40% tokens will be used as platform Gas in an annual 10%.
20. THANK YOU Your Trade Your Game 20 Follow Us Facebook: Tettix Twitter: Tettix Medium: Tettix