Basic information:
English name of project: Leverj
Chinese name of project:/
Ticker of Token: LEV
Country of Project Incorporation: Seychelles
Prominent investors: For privacy reasons investors not listed publicly
Focused industry: DEX, decentralized exchange trading of leveraged crypto assets
Leverj is a hybrid decentralized exchange (DEX) built on Ethereum. The platform will feature a decentralized custody model for trading ERC20 spot tokens, leveraged derivatives contracts with ETH-based margin, and leveraged ERC20 assets.
The value Leverj is adding is in the overlap of DEXes and derivatives trading. Most DEXes are too focused on theoretical decentralized features and miss critical User Experience requirements. Leverj is built by traders, for traders. Traders know that there needs to be fast order creation, cancellation, and matching.
Leverj has designed a system decentralizes custody of funds used in cryptocurrency derivatives, while providing centralised lightning-fast functionality in critical tasks like order-matching and margining. The end result is that the Leverj hybrid model provides the benefits of decentralization in the areas that matter most (security of funds), while centralizing the computationally-intensive exchange functions that provide a user-friendly experience.
Facts & figures surrounding adoption:
The bitcoin version of the platform produced by the team had hundreds of unique users and regularly posted over $1M in daily notional trading volume. There are over 1,000 LEV token holders and our LEV staking contract for FEE token distribution is running with multiple users.
ICO Details：
Token creation and release dates: December 12, 2017
Token sale start date: November 6, 2017
Total available token supply: 1,000,000,000
Tokens in circulation: 568,351,450.6772096
Amount raised in ICO: 32,512 ETH ($13 MM at ETH/USD $400 on sale close date December 6, 2017)
ICO price: 1 LEV = 0.00033333 ETH ($0.13 at ETH/USD $400 on sale close date December 6, 2017)
Distribution and usage of proceeds：
Almost 1/3 of the funds are allocated toward development resources for the exchange.
Another 30% of the funds are allocated toward liquidity provision.
The other 1/3 will be focused on marketing, business development, and legal services to ensure the project is protected and well promoted.
Related Information：
Official website: https://leverj.io/
Permanent link to Whitepaper: whitepaper.pdf
Disclaimer: this document is written with the information from the official whitepaper, to provide investors an overview of the token. The information in this document is collected legally. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof or evidence.