PTF is a DAO token that governs the bank that protects PowerTrade traders inside the rare circumstance of a black swan event, in which margin collateral is insufficient to cover open excess positions. This DAO is a substitute to exchange insurance funds, which are typically funded by liquidation and transaction fees and have a history of outperforming the market throughout downturns, according to the company.
About PowerTrade Fuel
Leveraged futures, as well as options that are first traded on margin, are available through PowerTrade. The margin holdings are protected by a certain amount of collateral that varies based on the asset that is being traded on the exchange.
Extreme market swings, on the other hand, might leave traders trapped in limitless downside situations with insufficient security to cover those bets and no availability to exit the position in some cases. If the PowerTrade liquidated mechanism is unable to exit or hedge the position, the excess facility will have a deficit and, in the absence of a backstop, will be unable to pay the counterparties of the contract underlying the trade in question.
Even though PowerTrade would do everything in its power to prevent such a situation from occurring, a last-resort backstop is required in order to compensate traders: the PowerTrade Fuel DAO.
What is PowerTrade Fuel [PTF]?
PowerTrade is a cryptocurrency options trading platform which provides portfolio margin to sophisticated traders who use the platform to trade cryptocurrency options. PowerTrade is a cryptocurrency options and derivatives platform that is designed for mobile devices. PowerTrade, which places a strong emphasis on simplicity of use, makes it simple both for beginners and experienced traders to invest on the go, trying to keep up with the 24/7 nature of the cryptocurrency markets.
Who Are the Founders of PowerTrade Fuel [PTF]?
Founded by crypto and finance industry veterans with cross-functional skills in user experience and user interface design, designing trading systems, decentralised architecture, and growth marketing, the PowerTrade team is poised to take the industry by storm.
The team is managed by Mario, the inventor of top-10 exchange Liquid.com (formerly Quoine), which processes between $100 million and $1 billion in trade volume each day on a daily basis.
What Makes PowerTrade Fuel Unique?
As with the PTF DAO, the treasury is funded in a similar manner: fees from liquidations and transactions on PowerTrade are paid into the DAO treasury. Dealers on PowerTrade who may not properly manage their positions may be subject to a liquidation, which will result in additional fees and penalties as an effect of making the network at risk.
At the time of launch, PowerTrade will transfer all liquidation fees as well as 25 percent of trading fees into the DAO’s treasury account.
PTF DAO is a derivative of the Composite DAO, which provides token holders a high degree of flexibility whenever it comes to voting on different components of the cryptographic protocol architecture that the DAO controls on a technical level.
The DAO is responsible for ensuring that there is sufficient capital in the bank to cover public risk on the exchanges at any particular time, and it has a number of levers at its disposal to guarantee that the capital is always accessible to cover open risk.
Where Can You Buy PowerTrade Fuel [PTF]?
If you’re looking for a place to purchase the PowerTrade Fuel, the best cryptocurrency exchanges to use right now are BKEX, LATOKEN, and AscendEX (Bitmax).
Frequently Asked Questions
Can I Buy PowerTrade Fuel [PTF] With Cash?
No. There is no direct method to purchase PTF using cash. You can, however, utilise markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy PowerTrade Fuel [PTF] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the PowerTrade Fuel [PTF] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact ZI price and market cap.
PowerTrade Fuel Official website – https://power.trade/
PowerTrade Fuel Twitter – https://twitter.com/PowerTradeHQ