Budding trading platform startup, trade.io has surpassed all expectations in its pre-ICO stage. Over 4,000 people participated to purchase its TIO tokens and take advantage of the incentives provided in the stage. Now, as the startup awaits the ICO stage, it is gunning for much more than just the sale of tokens.
The trading company has decided to fund post-doctoral research focusing on the Distributive Ledger Technology at the University of Nicosia. Its main objective here lies in the improvements and further developing the distributive technology for the betterment of the blockchain technology as a whole.
The research program, which will begin on 4 December 2017, will back two students interested in analyzing and exploring opportunities in cross-chain interoperability as well as side-chains in the Distributive Ledger Technology (DLT). The research will also tackle the best practices and enactmentof the corporate governance dealing with smart tokens.
This will not be the first time that the University of Nicosia (UNIC) is dabbling with blockchain. The Academy is well-known for its acceptance of the technology. They even offer courses in theblockchain, which includes coursework as well as a recognized degree program in thedigital currency. In fact, it is one of the first (and few) universities in the world which regard Bitcoin as an acceptable mode of payment.
Trade.io intends to bring about new breakthroughs with this program. The University of Nicosia will begin accepting applications for the course on 4 December 2017. The institution is located in Cyprus in southern Europe and has about 12,000 students in all.
This is not the only big news from the blockchain-based trading startup. Trade.io has announced its partnership with the popular HitBTC Exchange in Europe. The exchange, which set up its operations in 2014, nets more than half a billion dollars on a daily basis.
HitBTC has a very strict criterion on which currency it lets in. So, to list a company which hasn’t even commenced its ICO seems outlandish, but the exchange has shown due diligence in analyzing trade.io before bringing it onboard.
Trade.io, on its part, has proven to be extremely promising. With 4,000 participants, they were able to break their soft cap within the first week of the pre-ICO. The stage ended up making $10 million for the company through the sale of its tokens, TIO.
The trading startup has not only exceeded expectations of funding but also of a promise they made to their prospective buyers. Having promised their community that trade.io will be on a major exchange within the first 30 days of its ICO, the company is now listed on one of the largest exchange in the world, before its ICO stage has even begun.
People who missed out on the opportunity to buy TIO tokens during the pre-ICO stage can now do so on HitBTC. This move will also allow for people who have already purchased the tokens to exchange it for other crypto-currencies such as Bitcoin or Ethereum, or wait until trade.io takes off and then sell it.