What is Taurus0x?
Taurus0x is an ICO project that acts as a smart derivatives platform that’s decentralized and secure. It acts as a peer to peer network that uses on-chain and off-chain protocols. As a result, any form of assets can work on the platform.
The main benefit behind Taurus0x is that it’s 100% distributed without centralized networks and is open source. Taurus0x software ran off chain while using high-end blockchain technology and smart contracts that use Ethereum’s blockchain to work.
Also, it’s important to understand that this project is not a crypto exchange but a base layer protocol and can create exchanges within the derivatives market, which means that the transactions aren’t limited to cryptocurrencies.
Taurus0x has dual sig P2P contracts that are created, shared, and signed off-chain, and all of the transactions are stored on the blockchain. With these contracts, exchanges can match their orders and publish and verify the transactions.
Taurus0x decided to launch their ICO will launch the Taurus v1 Platform and API Service during Q3 2018. During this time, they will begin to create exchange partnerships. These dates were chosen because it was going to start after the ICO.
By the end of 2018, the company plans to develop mobile apps as well make it open for third-party integration. And the development and research of decentralized governance protocol will help improve the platform even more.
Taurus0x has 2019 plans to release an Android and iOS app at the beginning of the year. There is a Taurus0x release during the 2nd quarter, along with the cross-chain development and DAO development.
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- Asset Agnostic: Taurus0x decouples asset derivatives and decouples assets. As a result, it supports derivatives for assets of any price. The contract settlement is denominated in ERC20 tokens.
- Open Source: Taurus0x is open-sourced and accepts DAO governance. Wrapper libraries and developer tools are available via the bootstrap developer adoption.
- Distributed: Taurus0x is distributed and doesn’t have any centralized points of presence. It runs on Ethereum’s blockchain with trust management and zero downtime.
- Development Issues: Because Taurus0x is planning to make a decentralized derivatives platform, they will need more ongoing development before launching a final product.
- Limited Appeal: This ICO is only targeted towards those who are intermediate to advanced investors. This means that there is a limited appeal outside their target market.
- Token Size: There is a large number of tokens generated. This can lead to inflation and potentially make it harder for the token’s price to rise and gain value.
Conclusively, we believe that Taurus0x is a great project that will start showing it’s potential by the end of the year. If successful, it will make it easier for people to manage their assets within a decentralized network. So we hope to see more of this project in the future!