A GLOBAL MULTI-ASSET EXCHANGE & DIGITAL IPO SERVICE ...a global multi-asset exchange & digital ipo service provider white paper first published march 2019 version 1.0

A GLOBAL MULTI-ASSET EXCHANGE & DIGITAL IPO SERVICE PROVIDER

WHITE PAPER

First Published March 2019

VERSION 1.0

TABLE OF CONTENTS

Copyright 2019 LiveTrade Exchange & Brokerage 2

TABLE OF CONTENTS

TABLE OF CONTENTS ......................................................................................................... 2

EXECUTIVE SUMMARY ...................................................................................................... 4

MARKET ANALYSIS ............................................................................................................. 5

LIVETRADE EXCHANGE & BROKERAGE ..................................................................... 8

INTRODUCTION .................................................................................................................. 8

MISSION STATEMENT & VISION .................................................................................... 8

VALUE PROPOSITION ........................................................................................................ 8

WHY CHOOSE LIVETRADE ............................................................................................. 11

ENJOY THE BLOCKCHAIN-LESS EXPERIENCE ......................................................... 11

WE ONLY WORK WITH THE BEST IN THE WORLD .................................................. 11

WE ARE LEGAL AND REGULATORY COMPLIANT ................................................... 11

WE EMBED THE “PEOPLE” FORMULA INTO OUR BUSINESS ................................ 11

TOTAL SECURITY WITHOUT COMPROMISE ............................................................. 12

WE EMPHASIZE THE IMPORTANCE OF EDUCATION .............................................. 12

INTEGRITY, RESPONSIBILITY & TRANSPARENCY .................................................. 12

PRODUCT FEATURES ........................................................................................................ 13

MULTI-ASSET EXCHANGE ............................................................................................. 13

DIGITAL IPO SERVICE ..................................................................................................... 15

LIVE WALLET .................................................................................................................... 18

MOBILE / WEB / DESKTOP TRADING APPLICATIONS ............................................. 18

A WIDE RANGE OF P2P, P2B, B2B FINANCIAL SERVICES ....................................... 19

EARN INTERESTS AS LONG-TERM HOLDERS ........................................................... 21

DYNAMIC PRICING, ALGORITHMIC TRADING & ARTIFICIAL INTELLIGENCE 21

FUTURE FEATURES ......................................................................................................... 22

COMPETITION & COMPLICATIONS ............................................................................. 23

TECHNICAL DESCRIPTIONS OF LIVETRADE PLATFORM .................................... 24

LIVE WALLET STRUCTURE ........................................................................................... 24

MULTI-ASSET EXCHANGE & BROKERAGE ............................................................... 26

USER INTERFACE AND APPLICATIONS ...................................................................... 28

EXCHANGE ARCHITECTURE ......................................................................................... 28

ESCROW TYPE FUNCTIONS ........................................................................................... 30

NETWORK OF LIQUIDITY POOL ................................................................................... 34

ASSETS DIGITALIZATION .............................................................................................. 36

ASSETS TRANSFER FROM EXTERNAL BROKER ACCOUNT .................................. 38

SECURITY FRAMEWORKS AND APPROACHES ........................................................ 40

LIVETRADE SECURITY TOKEN ..................................................................................... 42

LIVETRADE SECURITY TOKEN (LTD) ......................................................................... 42

TABLE OF CONTENTS


TOKEN HOLDERS BENEFITS ......................................................................................... 42

LTD TOKENS DISTRIBUTION ......................................................................................... 43

FUND ALLOCATION ........................................................................................................ 44

TERMS OF TOKEN SALE .................................................................................................. 46

OVERVIEW ......................................................................................................................... 46

PRICING AND PROMOTION DETAILS .......................................................................... 47

TOKEN BUY BACK AND UNSOLD LTD TOKEN DESTRUCTION ............................ 47

ROADMAP ............................................................................................................................. 48

INITIATION (2018 Q4 - 2019 Q1) ...................................................................................... 48

PREPARATION (2019 Q2) ................................................................................................. 48

PRIVATE SALE (2019 Q3) ................................................................................................. 48

PUBLIC PRE-SALE (2019 Q4) ........................................................................................... 48

PUBLIC SALE (2020 Q1) ................................................................................................... 48

LIVETRADE TEAM ............................................................................................................. 49

TEAM OF DIVERSITY ....................................................................................................... 49

ADVISORS ............................................................................................................................. 50

PARTNERSHIPS ................................................................................................................... 51

TECHNOLOGY PARTNERS ............................................................................................. 51

LEGAL, TAX, AUDIT, & STRATEGY CONSULTANTS................................................ 53

PRESS & MEDIA PARTNERS ........................................................................................... 54

THIRD PARTY PAYMENT PROVIDERS ........................................................................ 54

VENDORS & STRATEGIC ALLIANCES ......................................................................... 55

EXTERNAL EXCHANGES & BROKERAGES, LIQUIDITY PROVIDERS .................. 55

BUSINESS MODEL ............................................................................................................... 56

TARGET MARKETS .......................................................................................................... 56

KEY REVENUE STREAMS ............................................................................................... 56

MARKET ENTRY STRATEGY .......................................................................................... 58

PHASE 1. LIVETRADE EXCHANGE & BROKERAGE BETA VERSION - 2019 ........ 58

PHASE 2. LIVETRADE EXCHANGE & BROKERAGE V.1.0 - 2020 ............................ 58

PHASE 3. PLATFORM INTEGRATIONS AND FURTHER DEVELOPMENT - 2021 .. 59

PHASE 4. BROADER MARKET ADOPTION 2022-2025 ................................................ 59

FINANCIAL PROJECTION ................................................................................................ 60

CONCLUSION ....................................................................................................................... 61

LEGAL ASPECTS AND DISCLAIMER ............................................................................ 62

REFERENCES ....................................................................................................................... 67

EXECUTIVE SUMMARY


This white paper is for informational purposes only and does not constitute an offer or

solicitation to sell securities or other investments. It may contain forward-looking statements,

subject to risks and uncertainties that could cause actual results to differ materially.

LiveTrade Exchange and Brokerage does not guarantee the accuracy of statements made in

(or in connection with) this white paper or the conclusions reached herein, and expressly

disclaims any and all liability for any direct or consequential loss or damage of any kind

whatsoever arising directly or indirectly from: (i) reliance on any statement contained in this

white paper, (ii) any error, omission or inaccuracy in any such statement, and (iii) any other

matter connected with or attributable to statements contained in this white paper.

EXECUTIVE SUMMARY

Since its inception less than ten years ago, the cryptocurrency market has reached a market

capitalization of over 121 billion USD as of January 2019 (Young, 2019). The future for

digital assets is quite promising although many believe this sector is still in a long tough way

from reaching its peak as it has yet to be integrated into the broader world economy. The

absence of harmonized international regulatory frameworks for the sale and use of

cryptocurrency has impeded its adoption and the growth of global markets in digital assets.

Furthermore, traditional financial markets are out of reach for most people due to its complex

requirements, obscure cost structures and other inherent disadvantages. The global

community needs a solution that takes the best features from both, new and traditional

financial systems and gives the world economy an opportunity to embrace the growing digital

economy.

This is where LiveTrade comes in. By combining proficiency in regulated markets together

with expertise in blockchain technology, Livetrade presents unique solutions to traders and

companies around the world that are tailored towards approaching the broader markets.

LiveTrade is a powerfully simple multi-asset trading platform and brokerage that makes it

possible for anyone to access to diverse financial markets with the speed and convenience of

centralization while maintaining the high standard security offered by decentralization.

The platform will be based on a seamlessly operated mobile and web interface, where users

will have all the necessary data and tools at their fingertips to instantly transact with

cryptocurrency, fiat, stocks, forex, and many other financial asset classes. Our digital

management solution will be built into this robust infrastructure, and will work with crypto,

fiat, and stocks, etc.

While the LiveTrade Platform will facilitate financial operations in fiat, crypto and stocks all

within one platform, LiveTrade Wallet is also an innovative solution that mixes the best

features of a crypto wallet. The Wallet provides features similar to other mobile banking and

investing applications, allowing users to manage their asset portfolio or to buy, sell, exchange

and transfer assets with ease.

The backbone of the LiveTrade ecosystem is the LTD Token, a digital security token used to

cover trading fees, compensate traders/investors for their successful strategies, reward content

contributors and access advanced features of the LiveTrade platform. Fundraising and the sale

of LTD Tokens will finance platform development and marketing strategy to accomplish the

set goals.

This white paper explores the significant challenges and trends impacting the financial

industry and describes a unique approach to unlock the immense value of digital assets

resulting from this new exchange model.

MARKET ANALYSIS


MARKET ANALYSIS

CURRENT SITUATION

Cryptocurrency Market

The past ten years have seen a phenomenal growth in both the valuation and popularity of

cryptocurrencies. For instance, one of the global market’s largest cryptocurrency exchanges

has an impressive $9.5 billion daily trading volume and more than 250,000 new users added

on a single day (Memoria, 2019). Despite such explosive growth, cryptocurrencies do not

enjoy the same access to traditional banking products and services as fiat.

Lack of Trading Terminals with Simultaneous Access to Financial and Cryptocurrency

Markets.

In general, crypto investors cannot trade cryptocurrencies for conventional financial assets

and vice versa unless registered at multiple trading platforms and being subject to transaction

and deposit fees on each. The disconnection prevents easy movements of capital between

asset classes and trading the difference in pricing of similar asset classes. For example, in

order to arbitrage between shares and their global depository receipts, a trader only needs to

go through one trading terminal or API and creates trades in a matter of seconds. With digital

assets, a similar arbitrage style of trading may involve several exchanges and interfaces, while

transfer of digital assets and funds between the exchanges could take hours, if not days.

Insufficient Legal, Compliance and Security Framework for Crypto Investments.

The main problem in the growth of cryptocurrencies is regulatory uncertainty. Many crypto

markets stay largely unregulated and mostly isolated from global financial markets. We

appreciate the promise of shared and distributed economy but must conclude that without

proper legal structure and consistent regulatory compliance, any type of an investment would

become highly speculative, unduly volatile, and vulnerable to a hack.

Lack of Quality Investment Instruments and Ready Liquidity in Crypto Markets.

Investors either face high volatility of individual cryptocurrencies or have a choice of

investing into a variety of even more volatile digital tokens, issued by some projects that may

cease to operate at any moment. Also, their limited ability to purchase goods and services has

led to poor public perception and understanding of the potential benefits of digital asset.

Traditional Financial Markets

Complicated Regulations Prevent Both Internal and External Trading Opportunities

Due to heavily complex regulations, traditional sectors are still inaccessible for millions of

people, especially the crypto community. Moreover, the cost structures are non-transparent

and disadvantageous to most users. Also, traditional banks are very selective in the services

they provide for crypto users within their current banking systems.

And there is an ongoing question: How do projects and businesses raise capital more

efficiently and cost effectively? Statistically, only a small percentage are able to navigate the

Private Equity and Venture Capital world while the majority are forced to use some form of

debt, e.g. loan or bond to finance their plans, which limits cash flow and prospects for growth.

MARKET ANALYSIS


Big Investors Don't Know Where to Put Their Cash

As global crisis makes government and bank bonds look increasingly unattractive,

institutional investors and high-net-worth individuals (HNWI) are finding themselves with

plenty of cash but nowhere to put it. Pension funds and insurance companies are desperately

looking for safe havens which promise even modest returns.

Companies and Projects are Struggling to Raise Capital

Ironically, while the crypto community, global HNWI and institutional investors are

desperately seeking quality investment opportunities for growth, there are thousands of great

companies and projects struggling to get their plans and capital needs recognized through

traditional initial public offering (IPO) process.

Traditional methods are expensive and full of middle men with a long list of fees. Every step

in the process requires specialized bridges built between multiple hands-in middlemen who in

turn keep the process flowing. Multiple hands each having their own individual technology

stacks requiring specialized decoder rings for each, so in order that they can all function. The

average time required for new commitments to be put to work now stands at three years with

no end in sight

In the U.S, banks have cut the percentage of commercial loans to small and medium size

businesses in half since 1995 (From 40% to 20%). This reduction has resulted in 50% of

business loan applications being underfunded or denied.

*Source: FDIC Call Report Data

To date, the financial community has no method to effectively connect potential companies

and projects with investors despite the fact that over the past 5 years, technology and

regulations have evolved to the point where it is possible to create a new financial

marketplace to bring these business and investors together.

So where do we turn? In a world hungry for innovation, LiveTrade could be the answer.

MARKET ANALYSIS


OUR SOLUTIONS

We see unique market opportunities arising from the need to bridge conventional financial

markets and cryptocurrencies, and to provide ready liquidity for crypto investors. We

recognize the limitations of the traditional financial markets and their stringent regulatory

requirements, while also identifying that the crypto world lacks basic regulations needed to

avoid outright fraud. At LiveTrade, we firmly believe that mainstream users will embrace the

new digital currency technology only after a connection between the cryptocurrency and

traditional assets worlds is established

A Multi-Asset Exchange for Traders Around the World

There is obviously an urgent need in the market for a legal and compliant mechanism that

connects conventional and cryptocurrency markets and is capable of partnering with

traditional finance players such as banks and prime broker-dealers. Through the LiveTrade

multi-asset trading platform, our goal is to make cryptocurrency a widespread means of

payment by increasing its utility and to provide traditional financial services to the digital

asset community in a secure and compliant way.

A Marketplace to Bring Disconnected Groups Together

To bring the two disconnected groups – Investors and Businesses - together for their mutual

benefits, LiveTrade is developing a new type of service that barely exists today – a Digital

IPO service. Some might ask, is this an ICO (Initial Coin Offering)? The answer is no. It is

much broader. The term Digital IPO is a much better descriptor, because what we are doing is

putting regulated securities on blockchain, like the IPO people know, but it is now digitized

and more effective.

Benefits for the Investors - A New Market with Digital Securities

LiveTrade opens up a new market for eligible investors such as high-net-worth individuals,

institutions and traditional investment management companies. We offer worldwide investors

new opportunities outside of traditional investment options to diversify their capital through

innovative access to new digital securities. In the interest of investors, LiveTrade is also

firmly committed to maintaining full compliance with all regulators and the protections they

offer to individual and institutional investors.

Benefits for the Companies - Access to Inexpensive Capital

LiveTrade is committed to building a mutually-fulfilling relationship with its institutional

clients. LiveTrade will provide a viable alternative for companies and projects’ owners who

are unable to leverage traditional capital channels. It will assist and support each company in

multiple ways including advising, marketing investor opportunity, and executing the digital

IPO on their behalf.

The LiveTrade model mitigates the impact of economic downturns on companies by allowing

them to raise inexpensive capital when other traditional markets may be closed or

significantly hamstrung. Additionally, LiveTrade’s model helps business owners maximize

the value of their companies by maintaining healthy cash flow that is not pre-allocated for

serving debt. Companies’ denominated digital securities issued and traded on the LiveTrade

will be tied to real corporate assets, providing them with a more robust basis for value.

LIVETRADE EXCHANGE & BROKERAGE



INTRODUCTION

LiveTrade is a powerfully simple multi-asset exchange and brokerage that provides global

retail and institutional customers the access to broader markets and the power to trade and

invest in diverse financial instruments. Being fully compliant, regulated and technologically

advanced, the Livetrade Exchange & Brokerage will connect and make interoperable multiple

financial services, products and markets, existing and upcoming, to make them accessible

from a single account.

Traditional finance models make it difficult and expensive for small and medium sized

businesses to realize their potential and grow their businesses. With LiveTrade, it will no

longer just be large corporation that can use equity to secure the funding needed to grow a

business. Our intended product architecture integrates financial technologies and blockchain

technologies to build what we envision would be the platform of choice for financial market

participants around the globe, integrated with conventional and crypto markets at the same

time.

MISSION STATEMENT & VISION

LiveTrade’s mission is to bridge the world financial markets by developing an all-inclusive

investment environment that allows people to trade between conventional financial

instruments and digital assets in a unified platform at a low cost, at the right time, through the

right channels, and in a legal and fully transparent fashion.

We aim to:

• introduce a marketplace for the financial industry of tomorrow;

• build a new transparent and comprehensive asset digitalization vehicle that would

become a part of the future global financial infrastructure;

• develop coherent protocols to integrate partners and transfer solutions.

Our vision is to become the trading platform of choice for worldwide traders and investors

with a strong focus on building unparalleled superior trading experience,

advanced features and state-of-the-art trading tools while staying fully compliant with

applicable legal and regulatory requirements in each of the jurisdictions of our operations.

We intend to execute this vision in a coherent manner and with attention to detail in each key

part of the proposed solution, such as fintech technology and infrastructure, licensing and

compliance, client interface and integration with 3rd party solution providers.

VALUE PROPOSITION

LiveTrade believes in the democratization of digital asset investing and trading, making

financial markets accessible and reliable for everyone (not only for tech savvy users and

experienced traders and investors). LiveTrade sets high standards to its services because

quality is just as decisive for us as for our clients. We recognize that versatile financial

services require versatility in thinking and a unified policy of business principles.



These principles will serve as our requirements and make up the DNA of all LiveTrade

applications.

Bring User-Centered Design to Products and Features

The User-Centered approach has driven the whole development of LiveTrade to develop a

user-first platform designed for the mainstream international adoption of cryptocurrency and

the evolving traditional financial market. In other words, our users have been set at the center

of the entire ecosystem, making it as easy to use as centralized application while being able to

facilitate complex and various orders types as in decentralized applications.

Trade on A Single Platform

LiveTrade provides an opportunity to trade conventional and digital assets on a single

platform, accessed through mobile, web and desktop interfaces.

Start Trading with No Minimum Requirement

A range of various trading instruments combined with low fees and solid legal framework

create a new window of opportunity for investors.

Bridge the Liquidity Gap

LiveTrade connects cryptocurrencies to global financial markets and provides additional

liquidity between the markets through the asset digitalization. Traditional markets feature less

volatility compared with cryptocurrencies, and LiveTrade allows current crypto investors to

participate without leaving the more familiar “crypto-world”.

Implement Arbitrage

LiveTrade business and legal framework allow traditional and crypto investors to execute

arbitrage between exchanges, thus benefiting from price differences between digital assets

and matching conventional assets.

Enable Security and Trust

LiveTrade is using the blockchain technology to assure the emission of digital assets, secure

deposit and withdrawal of crypto assets, and tracking of settlement and trade completion.

Our technology solutions will establish controls and maintain compliance with audit and

reporting requirements. Security systems will monitor, track, filter, and ultimately restrict

various categories of transactions.

Engender Transparency

LiveTrade is developing a securities and cryptocurrency trading platform duly licensed and

complying with capital requirements and AML regimes in jurisdictions of our operations.

This will allow us to satisfy regulatory and compliance criteria in jurisdictions of our

operations, and to work with the strictest of financial and investment partners.



Why does LiveTrade require Blockchain technology?

While some still question the future of digital currency, it is clear that Blockchain technology

and innovation are creating a large shift in the way traditional industries are operating. The

development of robust blockchain technology offers a unique alternative way of securely

transferring financial assets around the globe, both inside and outside of the current banking

infrastructure.

LiveTrade will partner with the world-leading blockchain solution providers to produce a

real-time trading platform that would allow investors to invest in digital assets and

conventional financial instruments in a single place and at a low cost. The LiveTrade

blockchain will ensure secure, fast and transparent business processes.

LiveTrade Trading & Investment Environment

PAYMENT PROVIDERS

STOCK EXCHANGES &

BROKERAGES,

LIQUIDITY PROVIDERS

INSTITUTIONAL

CLIENTS

LIVE WALLET

RETAIL CLIENTS

LIVETRADE

BROKERAGE LIVETRADE EXCHANGE

CRYPTO, FOREX EXCHANGES,

LIQUIDITY PROVIDERS

KYC/AML By 3rd Party Partners

PAYMENT PROVIDERS

WHY CHOOSE LIVETRADE



Here’s why LiveTrade will be a platform of choice for traders across the full spectrum.

ENJOY THE BLOCKCHAIN-LESS EXPERIENCE

Since its concept, LiveTrade has consistently taken measures to ensure its platform makes

online trading and investing accessible to everyone. By keeping a balance between giving

easy access to beginners and improving upon important elements for experienced traders,

LiveTrade has positioned itself as one of the friendliest multi-asset trading platforms.

The interfaces of the LiveTrade platform and its features have been designed to facilitate the

exchange, buying or selling of any asset in the system without the need for a complex process.

Buying a fraction of Bitcoin or a stock from Google with fiat or any other funding source

would take few seconds. The same will also be true for our tools and services. This type of

user interface will greatly ease the transfer of value and assets. Future integrations will even

allow LiveTrade users to seamlessly send Bitcoins to an Ethereum address; or to a contact’s a

phone number or an email address even if this person does not have a LiveTrade account.

WE ONLY WORK WITH THE BEST IN THE WORLD

LiveTrade connects our clients with the world’s largest brands in order to deliver the most

reliable and convenient way to trade and invest in financial assets. Many are the recognized

leaders in their perspective fields, ranging from crypto wallet management (Coinbase),

cryptocurrency exchanges (Binance, Bittrex...), stock brokerages (TD Ameritrade, Interactive

Brokers...), Forex liquidity providers (Oanda, FXTM, FXPro...), third party payment

providers (Stripe, Braintree, Paypal, Skrill, CoinGate, Payoneer...). For a complete list of

firms and corporations that LiveTrade is currently working with, please refer to our Partners

section.

WE ARE LEGAL AND REGULATORY COMPLIANT

The LiveTrade Exchange does not to run away from regulation but towards it. LiveTrade will

be fully regulated, adhering to the strict guidelines of our operation jurisdiction. Several

exchange and brokerages licenses are already being planned to obtain in the U.S whereas

other regions, including Singapore, Vietnam, Autralia, Japan, Europe are expected to be

facilitated via existing relationships with already licensed and established brokerages.

We are also carefully evaluating additional regulatory developments which are specifically

related to digital currencies and digitized securities in a variety of jurisdictions. The legal

aspect of digitized securities is particulary important to us because of the incredible

applications of such products for institutional or large-scale investments. The LiveTrade team

is fully aware of the complex issues surrounding ongoing legal compliance. Therefore, our

infrastructure will be designed to be able to address these ever-evolving compliance aspects.

WE EMBED THE “PEOPLE” FORMULA INTO OUR BUSINESS

We understand that customers have several choices while looking for a place to invest their

money. In a highly competitive market, we recognize that the successful bottom line of every

business comes down to a very simple formula: PEOPLE. At LiveTrade, we are confident that

our customer-oriented approach as well as compelling and unique features will be the main

reason to attract and retain our customers.



From the moment you open your account, LiveTrade is with you every step of the way. We

view interaction with our clients as our top priority and are extremely proud of our customer

service standards. Our objective is to provide you with everything you need to help maximize

your profit potential.

TOTAL SECURITY WITHOUT COMPROMISE

Whether it is about the security of user accounts or user funds, LiveTrade sees it necessary to

allocate an important part of our resources to security that does not compromise the user-

friendliness of LiveTrade.

LiveTrade takes every necessary precaution to keep its clients’ personal information and

funds safe and secure. The hybrid cryptocurrency exchange, as stated, will be based on the

liquidity and functionality of a centralized exchange platform as well as the security and

confidentiality of decentralized exchange platform.

Our technology solutions will establish and maintain compliance, audit and reporting systems

to monitor, filter, restrict, or otherwise oversee various categories of transaction on our

platform which will allow us to satisfy regulatory and compliance criteria in countries where

we intend to launch our operations, and quickly adapt and respond to the changing regulatory

environment.

WE EMPHASIZE THE IMPORTANCE OF EDUCATION

LiveTrade offers a variety of trading technique, training courses and personal assistance to

give you neccessary tools to become a cultivated trader or skilled investor as well as to keep

your funds and personal data safe. We have also partnered with major financial institutions

and experienced advisors to promote online trading and financial education in these markets.

For example, security issues often stem from user mistakes and inattention rather than a

forceful breach of a system. With this mind, education is seen as one of the primary ways to

reduce the risks. Educational tools and resources specifically designed to reduce this type of

risk have been embed within the LiveTrade applications and are present from the initial

onboarding through the advanced user protocols.

Moreover, since all trading involves risks, and LiveTrade wants our clients to make smart

investment decisions. Our platform offers a wide range of responsible trading features.

Beginner traders will receive guidance when making their first steps in online trading, and

experienced traders will enjoy risk-management features to help them trade strategically and

responsibly.

INTEGRITY, RESPONSIBILITY & TRANSPARENCY

We understand that the long-term success of the company requires a business model that

integrates integrity and ethical business as natural parts of daily business operations. In fact,

LiveTrade is one of a few financial exchanges that is committed to carrying out social and

corporate responsibility on a consistent basis across all aspects of our operations. The only

way to make sure our clients get the full benefits of our features and have all the information

they need to use them, is by operating in full transparency. We will make all the information

on the platform accessible on both our web interface and in our mobile app. Additionally,

LiveTrade has no hidden fees or commissions, and all payments are explained in a clear and

simple matter. We believe straightforward pricing, free from surprises, creates a valuable

trading experience for our users.

PRODUCT FEATURES


PRODUCT FEATURES

LiveTrade will tailor its products to the needs of individuals and business clients, ensuring

that both enjoy improved accessibility to transacting in multiple types of assets. With that in

mind, LiveTrade intends to create the following products and unique features:

MULTI-ASSET EXCHANGE

With LiveTrade, users can use their funds (crypto, fiat, and even stocks) to access to an array

of investment products. Choose from cryptocurrency, equities, options, futures, and forex.

LiveTrade will connect with top global exchanges and brokerages to provide our customers

the most secure and convenient way to execute trading strategies.

Contract for Difference (CFD) Trading

Besides providing the feature to buy the underlying asset, LiveTrade will also offer CFD

trading – even for some assets that do not offer this option in traditional trading. With CFDs,

you can trade on margin, and you can go short (sell) if you think prices will go down or go

long (buy) if you think prices will rise. For example, on LiveTrade, users are able to invest as

little as $10 in a stock that actually costs $200.

Stocks

LiveTrade offers a great collection of stocks, including dividend-paying and blue-chip stocks.

Each will be carefully selected based on four primary factors – popularity, growth potential,

dividends and relative stability. The list will be expanded over the time to satisfy all users’

needs.

Earn Regular Income from Stock Investing Via Dividends

How to:

1. Pick a company that offers dividend stock: Most U.S. companies available on public

stock markets must announce their financial information on the SEC's EDGAR public

company database. LiveTrade will keep you informed about investment opportunities

through our effective communication strategy.

2. Once you have found some likely candidates, go to LiveTrade and purchase your

stocks. Done! That was easy.

3. LiveTrade will also announce the day on which you must hold the stock, according to

the company’s policy and statement, to be eligible to receive the dividend (the ex-

dividend date).

4. If you have purchased the stock before the ex-dividend date, sit back and relax.

LiveTrade will handle the rest. You'll get your dividend on the same date as stated.

With LiveTrade, you can earn dividend even when you own a fraction of stock.

PRODUCT FEATURES


Cryptocurrencies

With an ever-growing selection of cryptocurrencies added to the platform, LiveTrade presents

many options for those who wish to trade and invest in the crypto market. Cryptocurrencies

display extremely high volatility, and it is quite common to see double-digit percentage

fluctuations within a single day.

The LiveTrade Platform will be focused not only on mainstream crypto currencies, but also

on granting access to tokens of blockchain projects. LiveTrade aims to support both the crypto

community and prospective projects by allowing its users to buy and sell crypto assets with

higher growth potential. At the same time, tokens listed on the LiveTrade Exchange will

allow those projects to find new adopters and increase their business potential.

Commodities

Trading commodities is one of the most ancient trading practices in the world, dating back

thousands of years. Commodities are unique, given that they have a real-world physical

representation. Whether it is an energy source, such as oil, or a precious metal like gold or

platinum, commodities exist in the real world and therefore are also affected by real-world

events. Commodities are traded on LiveTrade only as CFDs, meaning you don’t need to

purchase the underlying asset to trade them.

Gold will be the first instrument in this asset class to be listed on our exchange. Crude oil and

precious metals, etc. will be added to our portfolio by the end of 2019.

Foreign Currency Exchange

The foreign currency exchange, also known as Forex, market is the biggest market in the

world, with a trading-volume average of more than $12 trillion a day. It is also an incredibly

volatile market, with changes happening within a matter of seconds. Since it is such a

dynamic market, currency traders are usually very active, sometimes opening and closing

trades within minutes. Initially, LiveTrade will offer some popular pairs, but not limited to:

EUR/USD, USD/JPY, EUR/GBP, USD/CHF, AUD/USD, USD/CAD, NZD/USD, CNY/USD

Similar to commodity, forex is traded on LiveTrade only as CFDs.

Notes:

• Other financial instruments such as Exchange-Traded Funds (ETFs), Indices, etc. will

be offered in a few months before or at the official launch of LiveTrade.

• Initially, only equities (blue chips) will be supported. Other asset types can easily be

supported and will be added based on development plan and existing demand.

• Most dividends are paid in cash, and most dividend-paying companies choose to pay

their dividends on a quarterly basis.

PRODUCT FEATURES


DIGITAL IPO SERVICE

LiveTrade’s Digital IPO service is a new alternative to traditional methods to raise capital

based upon equity. Our service makes it easier for small and medium sized businesses to

achieve the fund they need and expand their operations without all of the traditional fees and

debt-based formats, which in turn allows businesses to control their destiny.

Objectives

• To connect investors seeking alternative and quality investments via a single

marketplace

• To help business owners and project owners connect with Investors for capital.

• To provide a vertical IPO marketplace, removing middlemen and extravagant fees.

• To enable a private marketplace, which eliminates regulatory cost associated with

public markets.

Description of Service

Basically, LiveTrade will:

• Review all businesses applicants and grade their investment quality, for those who

pass we will;

• Create digital shares based on the value of business and/or generate an equity offer for

each businesses that investors can review and decide if they want to purchase shares;

• A Digital IPO is then executed in the LiveTrade Exchange with shares provided to

investors and capital to businessess ; and

• Investors will use the LiveTrade Exchange to trade shares in businessess 24/7/365

globally

Client satisfaction will be paramount in ensuring a balance between leveraging our optimum

technology with client experience. We will have dedicated teams focused on the different

needs of our business owners and investors. We will be also partnering with top CRM

platforms in the world to ensure we are able to track performance and the experience of our

customers. Companies will have freedom to access LiveTrade digital shares, or assets on their

balance sheets

Benefits for Business & Project Owners

• To provide fast, lower-cost capitalization using equity in your business.

• To create a platform to share your company or project with investors.

• To increase your company’s cash flow by eliminating loans, down payments or

collateral.

Benefits for Investors & Fund Managers

• To offer investable businesses and projects with strong history and financials.

• To become a marketplace for connecting directly with business owners.

• To be an Amazon-like shopping experience for digital shares to build portfolios.

• To settle trades into your bank account in minutes while the industry norm is 2 days.

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Competitive Advantages

Advanced Technology

The LiveTrade ecosystem will be built on a combination of AI, machine learning, predictive

technology, blockchain, a regulatory compliant alternative trading system, and smart

contracts. LiveTrade’s blockchain technology allows market participants to monitor network

activity and, in tandem with cryptography, creates an indelible record of secure transactions

authenticated by network consensus. Records cannot be changed or compromised. The

investor/shareholder web experience will be like a traditional brokerage. All trade data tied to

companies issuing digital shares on LiveTrade’s platform will be written to, and freely and

publicly accessible on, the blockchain, giving investors equal footing in the race for returns.

Low & Transparent Price

Think of existing capital markets as a bunch of building blocks. Each block is company

providing a service and charging a fee for their services. If you take these blocks and stack

them inside a single company, you remove redundant fees and can provide lower cost

services. Through vertical integration and new technology, we bypass legacy systems, middle

parties and overhead to provide cost effective services for business owners. LiveTrade will

charge a one-time flat fee for services enabling a company to raise the required capital. This

ensures the company’s cash flow remain strong and debt load low resulting in a higher

valuation. We have calculated and expected that our fees would be 3-7 times smaller than a

similar sized bank loan.

Business Owner & Project Focus

We are singularly focused on helping investors have access to small and medium businesses

market and helping business owners get capital for growth by selling their equity. LiveTrade

combines investment banking, brokerage, exchange and reporting services into a single

solution for our customers.

Speed

Our infrastructure will reduce clearing and settlement speeds from days to minutes with plans

to eventually adopt a 24/7/365 global model. Investors in client companies’ shares should be

able to settle all secondary trading transactions in a matter of minutes instead of the standard 3

days. 24/7/265 trading is the future of secondary trading LiveTrade intends to capitalize on by

sponsoring or affiliating with an alternative trading system.

Terms

Digital assets and securities issued by LiveTrade are subject to all the traditional custodian,

regulatory, security levels of protection, and are held on a public blockchain, thus ensuring

full transparency. A special mechanism is integrated, permits us to ensure that all movements

of our digital assets are done through LiveTrade platform, allowing KYC/AML compliance

and security protection.

The expected settlement window for asset conversion is T+0 or T+1. Specific clearing hours

will be determined later. General clearing procedure will be conducted 1-2 times per trading

day. To comply with rules and regulations of the local governing law, purchased securities

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may subject to a certain lockup period after which the securities will be tradable on

LiveTrade’s digital exchange.

Asset Digitalization

1. Clients deposit assets such as stocks, commodities, bonds, real estate, etc. into the

LIVE Wallet custodian accounts or places assets, such as fine arts, into an escrow

account or an escrow deposit (an underlying asset) through LiveTrade’s licensed

audit partners.

2. Assets are frozen at the LIVE Wallet, and the digital shares are issued under the

LiveTrade’s blockchain, in future, via other blockchains.

3. Clients receive digital shares in their LIVE Wallets and may then trade those for

crypto.

4. When the clients would like to receive underlying shares, they will have to send a

request to LiveTrade to redeem digital shares. LiveTrade shall transfers the shares

into the clients’ accounts and burn the digital shares.

5. The total number of digital shares (tokens) is equal to the number of underlying

shares. All LIVE Wallet funds are publicly audited, all digital asset offerings are

written on the public blockchain.

General Flow of Digitalization

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LIVE WALLET

The LIVE Wallet enables users to store and trade multiple assets from a mobile device or

desktop as well as to transfer and exchange digital assets to fiat currencies and traditional

assets without the need for multiple logins and 2FA verifications every time the user decides

to execute a trade. All of your needs will be fulfilled by a single log-in and 2FA verification.

This gives users complete control over their funds on each individual exchange through one

central interface, thus increasing security of the users’ funds.

The LIVE wallet is designed to better connect users with their finances with a greater

emphasis on monitoring and simple payment transactions and asset management while the

trading application is a mobile, web and desktop application focused on the trading aspect.

In future, the application will also provide easy access to collateral credit and be capable of

making a payment with the use of the LiveTrade debit card or the NFC features of their

smartphones. A user could use any asset supported by the exchange as a payment or collateral

source. For instance, users will be able to pay their bill with their Apple stocks, Bitcoin, US

Dollars, digital assets, or any collateral credit.

MOBILE / WEB / DESKTOP TRADING APPLICATIONS

The LiveTrade Trading Platform will be our flagship offering and is expected to be a primary

driver of user acquisition. The platform will initially focus on delivering the most value to

high-end and more sophisticated traders who are looking for a user-friendly yet professional

trading platform.

LiveTrade’s App will be available on iOS and Android, desktop, as well as a web-based

application. LiveTrade multi-asset platform will include various products and features that

work together to provide users with a seamless transaction process.

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The platform will initially focus on delivering the most value to high-end and more

sophisticated traders who are looking for a user-friendly yet professional trading platform.

The trading platform is also projected to provide users with an innovative user experience

through several other advanced tools such as trade analyzer, market sentiment monitor, one

click-trading, and other more traditional technical analysis tools and technical indicators will

help ensure proper screening and analysis of the market

The goal is to focus on the most important yet simple tasks such as taking and managing a

trade or making and sharing analysis, and with a great emphasis on enhanced social features,

such as tipping for rewarding contributors.

A WIDE RANGE OF P2P, P2B, B2B FINANCIAL SERVICES

LiveTrade users can take advantage of a variety of P2P tools such as P2P Lending or P2P

Loans to explore more accessible and flexible source of funding.

If you cannot find a match, LiveTrade is willing to act as your counterparty. With LiveTrade

P2B services, you can access to our financial services at the most affordable cost without

having to worry that it will affect your credit history. For instance, you loan your Apple

stocks in exchange for an amount of BTC or ETH to meet your trading strategies though a

quick and simple application. In addition, LiveTrade will regularly review and evaluate

potential projects. Our B2B services are established to offer users more high-quality

investment oppportunities and to increase the revenue for our company’s shareholders.

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A variety of financial services are also in our development plan and will be implemented in

the demo version.

Over-The-Counter (OTC) Trading Desk

Trade BTC, ETH and a wide range of other digital assets in large order directly with our OTC

trading desk. LiveTrade is consistently connected to a wide variety of international partners

who are capable of providing liquidity through their positions across market making, high

frequency trading, fund management and more to offer users sharp pricing on all major

crypto-to-crypto and crypto-to-fiat pairs

Buy and Sell Between $50,000 to $50,000,000

We facilitate cryptocurrency trades of between $50,000 and up to $50 million, for a low fixed

price thanks to our global liquidity partners.

Professional & Personal Trading Support

Work privately with one of our experienced traders straight through settlement. All our clients

are unique, and we respect their privacy. Upon completing AML/KYC your information is

held in our own internal cold storage and never used outside of our trade desk.

Simple, Upfront Cost

We will make you a price to buy or sell at any hour of the day, and you can trade as much as

you like, every day of the year. For each trade, we quote you a “all-inclusive” single price,

with no other fees.

Fast Settlement

With our liquidity partner network, we can settle cryptocurrencies into your account in most

cases on the same business day.

Initial Exchange Offering (IEO) Service

Participating in ICOs can be very risky when you are bad at evaluating ICO projects and

spotting the scams online. It can be a daunting process as you could be overwhelmed with

hundreds of ICO projects which are promising good returns. So, what is the alternative if you

want to be part of the blockchain ecosystem while not risking your investments? The answer

could be investing in an IEO.

Why should you consider an IEO instead of ICO? Similar to our IPO service, our IEO service

offers blockchain investors and projects several benefits, but not limited to:

Security

Scammer often create a look-a-like official communication, tricking investors to contribute to

fake addresses. Instead of sending crypto fund to a Smart Contract governing the ICO, the

investors can purchase the token directly from LiveTrade when the IEO commences.

For an IEO, all transactions are carried out on the LiveTrade exchange, which in turn reduces

the risk of sending your crypto to a wrong wallet address

Simplicity

There is no need to undergo different KYC processes for every ICO project. With your

verified KYC profile on LiveTrade, you can participate in all IEO launched. There’s also no

need to pay for gas when buying IEO tokens on LiveTrade. All purchases will be on a first-

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come, first served basis. You can also buy your IEO tokens in advance, depending on the

IEO, and availability.

Credibility

Analysing the ICOs could be time-consuming and you need some specific skills and business

acumens to assess an ICO. IEO functioning as a vote of confidence from the exchange and

sponsor. LiveTrade will ensure high quality of ICO projects to be listed on the IEO platform.

Moreover, the exchange will not allow any scam related ICO projects as we will conduct our

own due diligence on the projects prior listing on the IEO platform.

Accessibility

With an IEO, you will have your invested tokens immediately in your LIVE wallet, which

allows you access to the wider crypto market. You will be able to immediately trade your

tokens after it launches, as opposed to waiting for it to list. In addition, from the project

owners’ perspective, they can tap on our existing user base to obtain contributions for the

IEO.

Aggregation

Imagine you can access to a wide variety of blockchain projects just by browsing one

platform. You would able to save time and make better and informed decisions by comparing

all the blockchain projects on LiveTrade.

EARN INTERESTS AS LONG-TERM HOLDERS

LiveTrade users are eligible to earn interest when open a saving account or make a loan to

LiveTrade. Besides keeping the value of your funds safe, you can earn up to 20% annual

interest on certain cryptocurrency, fiat or stocks balance at the end of every year which is

applicable for retail customer accounts only. For example, if you hold 1000 XRP from 1st

April 2019 to 31st March 2020, you will be paid 1200 XRP on March 31st, 2020.

Key benefits for users will include the ability to easily loan and collect interest on holdings

while also maintaining easy access to the LiveTrade system which provides liquidity and

interoperability for your assets should you decide to change their portfolio allocation or

holdings.

DYNAMIC PRICING, ALGORITHMIC TRADING & ARTIFICIAL

INTELLIGENCE

By combining deep pricing experience with artificial intelligence (AI), LiveTrade puts pricing

science on steroids. Users no longer need to spend hours comparing different exchanges’

pricing; instead, LiveTrade will use a real-time market data and advanced AI algorithm to

calculates and select pricing based on with users’ demand, which ultimately help us take care

of the most important thing: our customers.

LiveTrade applies dynamic pricing, which is a flexible e-commerce pricing strategy that

works on pricing the assets at the optimum price point, taking in account our users’ fees and

our external partners’ prices through the use of big data. The benefits of using dynamic

pricing are increased profits and revenue because we are able to stay competitive and offer the

price in accordance with size order, trade volume, and market events.

We are also confident to deliver a very precise prediction model built by artificial neural

network (Long short-term memory). The algorithm is consulted with AI experts who have

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already created a working model of short-term prediction for gold spot price. For some

people, AI prediction can by no means be seen as the only instrument for informed investment

decisions, but it can be a very helpful starting tool for beginners in the field.

FUTURE FEATURES

Assets Transfer from External Brokers

Making transfers of assets within LiveTrade platform is extremely easy and fast.

Nevertheless, it doesn’t stop there; LiveTrade is developing a feature that allows users to

transfer their stocks and other assets from their current brokers to LiveTrade without a hassle.

Users then can take the benefits of various features and products offered by LiveTrade and

continue their trading strategies without having to re-invest in the assets. Detailed

explanations of this feature will be described later in this white paper.

Conflict Resolution Process

If at least one of the parties believes that the deal’s terms and conditions have not been

complied with, they may notify LiveTrade via a message within the LiveTrade Platform.

LiveTrade will then provide notification to the other party (the “responding party”). If the

responding party does not respond to LiveTrade's" notifications within five days of the first

notification, the funds locked in the Smart Escrow will be transferred according to

LiveTrade’s decision. That decision will be based on LiveTrade’s internal investigation of all

of the conditions of the deal and all supporting documentation. If an unsatisfied party begins

the conflict resolution process, the LiveTrade team will review all details and documents

regarding the transaction (if available). The team will then make contact with all parties and

make every effort to resolve the conflict. LiveTrade will consider every dispute on a case-by-

case basis and choose between mediation or arbitration "to resolve the conflict. LiveTrade's

conflict resolution team will consist of vetted high-skilled international lawyers. The conflict

resolution process will be covered by the Smart Escrow fee, charged as a % of the value of the

transaction.

Auto Exchange

Auto Exchange is one of the key features of the LiveTrade Exchange and the LIVE Wallet

helping users to manage their highly volatile assets. At the heart of this feature is a set of

smart contracts that lets users specify conditions for an automatic asset exchange, protecting

themselves from market volatility. This feature is similar to a stop-loss order or take-profit

order used in traditional stock markets. Making an automatic conversion for a defined amount

of cryptocurrency or stocks to fiat, if the market value moves to a certain pre-specified point,

allows the user to lock in and secure profits", ensures that losses are capped and allows for

purchases at a desired price. Auto Exchange can:

• Make an automatic exchange of a predefined amount of a user's cryptocurrency or

stocks to fiat, should relative prices hit a specified level.

• Make an automatic exchange of a predefined amount of a user's fiat into

cryptocurrency or stocks, should relative prices reach a specified level

• Make an automatic exchange of a predefined amount of a user's stocks into

cryptocurrency or fiat should relative prices reach a specified level.

COMPETITION & COMPLICATIONS


Social Elements

Everything is better with a friend, why should trading be any different? LiveTrade is

committed to creating a system dedicated to social trading and investing in financial

instruments and cryptocurrencies. LiveTrade’s goal is to make a complicated market simple,

fun, social, entertaining, rewarding and safe for everyone – especially for 2 billion

underbanked people.

LiveTrade allows members to learn from other members’ trading strategies and benefit from

their expertise. In its development, LiveTrade will feature group chats, categorized by topics,

currencies etc. Real-time chat will allow users to share their knowledge and experience,

communicate with others, ask for help or share a solution. Our goal is to bring various traders

together in a social and interactive platform, where together users can share ideas, strategies

and improve their trades together, as a result, increase the return on their investment.

The collaborative nature of the platform means that each participant in the LiveTrade

ecosystem is incentivized to maximize profit on their trades and become an active member of

the LiveTrade community. This way the community can grow, strive and become stronger in

a truly win-win fashion.

Portfolio Management

Users will enjoy a complete asset management at their fingertips via LiveTrade’s easy-to-use

tools, all available from a single dashboard. In addition to a full view of all their digital asset

investment portfolio in a single place, they will be able to access detailed information on each

asset class, real-time & historical market pricing data, set alert to better monitor the price

movement of certain assets in real-time and get notified when the price crosses a certain

threshold; subsequently, they can react quickly to events in the market.

COMPETITION & COMPLICATIONS

The Company will experience significant competition from other financial technology companies

and from established market participants who may be operating with a business plan similar to

that of the Company. Most of the Company’s competitors will have greater financial resources

than the Company. Traditional competition will come from companies currently offering debt

or loans to small and medium Businesses such as traditional banks or other fintech companies.

Examples of such competition: Wells Fargo, Bank of America, Fundera, OnDeck, Kabbage.

Because not so many have ever launched a truly multi-asset exchange and a trusted digital

IPO service, it is difficult to predict with absolute certainty what obstacles we will run into as

LiveTrade grows. We expect to encounter these obstacles as we launch LiveTrade; However,

we see them as challenges to overcome, not insurmountable roadblocks. By building a one-

stop solution, LiveTrade, can shake up the competition by offering a complete suite of the

products and services that global traders are craving.

We believe the pros of our platform outweigh the cons. That is why we decided to circumvent

the major obstacle to current models of exchanges and created a way to sync decentralized

actions and centralized actions via LiveTrade network.

TECHNICAL DESCRIPTIONS OF LIVETRADE PLATFORM



By merging both on-chain and off-chain solutions, LiveTrade makes available technology that

provides a superior experience and greater benefits to users than centralized or decentralized

technology alone. This interoperability of all systems is vital because it will allow for greater

scalability and a smoother path to decentralization through several steps. An additional benefit

to this approach is that it helps ensure greater compliance and compatibility with existing

legacy financial systems and regulations.

LIVE WALLET STRUCTURE

LiveTrade employs the most reliable, effective security technologies available for our users’

asset management solution. We leverage an elastic, multi-stage wallet strategy to ensure that

most funds are kept in cold storage for additional safety. LiveTrade Exchange uses a custodial

wallet, backed by Coinbase technology and some security providers such as Kyber, BitGo, to

manage users' digital assets in a decentralized way with a maximum protection. Not only does

the multiple wallets structure help reduce risk, comply with various regulations, but it also

facilitates features such as escrow and collateralization functions.

Storage & Management

The LIVE Wallet is where user’s funds (BTC, ETH, tokens, stocks, fiat, etc...) are deposited

and withdrawn. It can hold both fiat, digital currencies, and stock. Funds in this wallet are

automatically categorized and moved to the sub-wallets in the exchange structure based on

their classes (Crypto, Fiat, Stock). On the main screen, all assets are converted into one base

unit and shown in USD for the current total balance. Users will also have the option to deposit

their funds into a saving wallet to earn interests. The fund kept in this wallet is locked and

cannot be used for trading.



Trading Features

- With LIVE Wallet, users are able choose which assets they would like to trade,

exchange, or use for margin trading.

- The fund will be locked at the rate when the orders are placed.

- The orders will be transferred to LiveTrade Exchange & Brokerage to process.

- When completed, LiveTrade Exchange & Brokerage shall return the result of the

orders back to LIVE Wallet.

- Users can withdraw fund from LIVE Wallet to their designated locations.

The following flow illustrates a few examples of services that LiveTrade offers to our

customers. In general, these services are, but not limited to:

1. Exchange from one type of asset to another (crypto-stock, token-fiat, stock-BTC,

etc.) supported by LiveTrade.

2. Purchase the underlying assets (stock, Bitcoin, ETH, etc.) with any type of assets

supported by LiveTrade.

3. Withdraw funds in any types of assets supported by LiveTrade.



MULTI-ASSET EXCHANGE & BROKERAGE

LiveTrade Exchange

LiveTrade Exchange will not only be the instrument for users to exchange and trade fiat,

stocks and digital assets, but also the underlying technology enabling LiveTrade's other future

products

In order to protect the value of their portfolios and realize profits on appreciated crypto-assets,

users need ways to promptly exchange their crypto holdings to traditional assets, while

allowing for the possibility of rapid conversions in the opposite direction. Within the LIVE

Wallet, users will be able to choose to promptly convert their crypto holdings into a

traditional asset type available or others.

The app integrates with multiple asset exchanges through the APIs of each exchange,

allowing users to trade crypto, fiat, forex, stocks and other digital assets at one place.



LiveTrade Brokerage

Similarly, the brokerage functionality will allow LiveTrade to provide qualified users with

both traditional and crypto derivative financial instruments. These trading assets supported by

LiveTrade will be carefully selected by our analysts. LiveTrade Brokerage is created to

provide brokerage services for a wide range of users from different countries. In order to do

so, LiveTrade is working to obtain all applicable brokerage licenses required in our operating

regions. In the meanwhile, LiveTrade plans to connect with third-party providers. The

LiveTrade Platform will be integrated with stock brokerages and other liquidity providers and

financial markets via API connections.

The first stage products and features development will focus on the integration between

LiveTrade Brokerage and external partners. Until some certain conditions (capital, markets,

regulations, licenses, etc.) are met, LiveTrade Brokerage will be using a mirroring solution.

This consists of LiveTrade opening an account with the world’s leading exchanges, brokers,

liquidity providers and placing identical trades to match the trades placed with LiveTrade.

This solution was chosen as it has been found to be more scalable, secure and faster to

implement at this time.



USER INTERFACE AND APPLICATIONS

All of LiveTrade’s products and services have been designed to provide a user-friendly and

blockchainless interface for the technology framework behind the LiveTrade Exchanges. The

user-friendly interfaces combined with the interoperability technology solution will directly

compete with traditional fintech applications.

A good user interface solution shouldn’t require any difficult user action or input in order to

leverage and derive value from the underlying technology. Whenever possible, the existing

trading processes need to be automated so that the frontend just helps users to request an

action which is fulfilled automatically. The various processes and steps such as transferring,

or cancelling an unconfirmed transaction, or the acquisition of specific tokens to work with a

specific DApp’s, or moving funds within wallets, or contributing to a specific crowdsale, or

the collateralization of assets to trigger a collateral credit will be done automatically and

seamlessly.

EXCHANGE ARCHITECTURE

General Aspect

So far, there are already hundreds of different exchanges and protocols with new solutions

being launched all the time. A new offering might highlight their scalability, security,

decentralized structure, the number of assets listed, or their user-friendly interfaces as their

value proposition. The LiveTrade Exchanges will follow these best practices and even deliver

more.

It is important to note that this is possible because the LiveTrade Exchanges and the

technology framework have been built from the ground-up to fulfill our user-centric vision

and to provide enough flexibility to keep up with the rapidly changing technologies and

regulations.

It is clear that in order to maximize the functionalities, provide the greatest range of assets,

and facilitate both technical and legal compatibility with the existing financial systems, there

will initially need to be many components which are centralized in nature. The centralized

exchange will be launched first and will then be followed by the development of the semi-

decentralized features. The initial setup of a centralized exchange will provide users more

features and functionalities due to its ability to be easily compliant with existing regulations

and legacy technology. However, it is expected that as regulations and technologies continue

to evolve, decentralizated parts will be added for more features and traction.

The LiveTrade technology framework provides the seamless interoperability of centralized

and decentralized exchanges which are united through a single frontend and interoperable

backend. This unique architecture allows users to leverage from various on-chain and off-

chain exchanges, protocols, applications and liquidity.

On the backend, a hybrid exchange will leverage from a network of centralized and

decentralized liquidity pools as well as from escrow and collateralization type functions. This

technology framework helps LiveTrade to facilitate and automate all the complicated and

visible processes behind the transfer, exchange, trading, and payment of digital assets. It also

helps to simplify private key management to deliver a smooth user experience.

This structure will ease a variety of different types of transactions such as sending Bitcoin to

an Ethereum address; exchanging Bitcoin for Apple stocks; trading Forex from a Litecoin



deposit; paying a bill with Dodgecoin; or accessing a DApp without having the correct

number of required tokens. On the frontend, most aspects of the underlying technologies will

be delivered in a simplified user interface that does not require understanding of how the

technology works.

The centralized exchange will be the first part of the framework to be delivered. This was

done to facilitate the fiat gateway and to ensure compatibility with existing regulations and

legacy financial systems.

On-Demand Infinite Scalability

The ability to provide unlimited scaling is vital. The exchange framework, matching engine,

messaging bus, and various components will be built to allow for a primarily decentralized

but extremely scalable backend infrastructure. This infrastructure framework allows any part

or component of the system to be expanded and provided more resources both generally or

specifically. This way the additional resources can be allocated to any specific component

such as a matching engine, messaging bus, or they can be allocated based on another

parameter such as be pair specific so as to provide additional resources specifically for the for

BTC pair, ETH pair etc. depending on the needs.

All parts of the system can also be divided and expanded into sub components. This

framework allows for theoretical infinite scalability of all these parts as long as they are

provided with the correct hardware resources. The exchange structure also needs to be

designed so that any component can replicate itself and expand the load distribution

automatically to other available hardware resources. This scaling structure can be

implemented at both macro and micro levels to optimize performance to the highest level

through “On Demand Scaling” and planned load balancing. This load distribution structure

has also been designed so that key components are located directly with or very near the user

and not the exchange to increase security and allow for superior scalability.

Distributed Servers and Decentralized Load Resource Structure

Other aspects are expected to further support a network load of tens of millions of

simultaneous users. This includes but is not limited to having a decentralized load resource

structure where user specific information is stored both by the user on their device as well as

on encrypted servers which are distributed around the world with commercially available

solutions including Amazon Web Services and Microsoft Azure, as well as decentralized

storage solutions. With this distributed and decentralized structure, historical data can easily

be made available to the users from “Geo-Local” servers.

Matching Engine and Messaging Bus

The matching engine should be able to sustain prolonged periods requiring more than 1

million transactions per second. A single messaging bus is required to easily deliver just under

1 million transactions per second when not optimized and is expected to almost double the

capacity after further optimizations are completed. Should any negative performance appear

due to reaching a component capacity, it is possible to subdivide or create multiple matching

engines and/or messaging buses. For example; if it was expected or needed for the system

load to reach 10 million transactions per second it can be easily distributed between additional

matching engines. This dynamic scalability can be set to occur well in advance of any limits

or closer to when they would be reached.



ESCROW TYPE FUNCTIONS

LiveTrade ecosystem can provide escrow function to serve several purposes such as peer-to-

peer trading or triggering a loan – referred as collateral credit. Depending on the currency and

associated protocol that is being used, the way escrow function will work will slightly differ.

Locking assets in an escrow can be done directly using a multi-signature transaction (for

BTC, LTC etc.), or by using smart contracts connected through API (Figure 1. 1) (ETH, NEO

etc.), or directly by calling the locking function when the crypto or the token has these

features in their code (like EOS).

Collateral Credit

One of the use cases of the escrow type function is to issue collateral credit (Figure 1). When

assets are requested to be locked (Figure 1. 2), it triggers a collateral credit within the

liquidity network (Figure 1. 3) for a percentage of the value of the asset. The credit could be

issued in the same asset or different asset as the collateral, depending on the needs of the user.

Figure 1

The amount of collateral credit and the fees associated may vary according to the liquidity and

volatility of the collateral. For example, by setting 1 BTC as collateral, users can get collateral

credit in BTC or in USD or others asset, minus a premium fee. They will obtain 1 BTC

(Figure 1. 4) or up to 50% of the Bitcoin value in dollar (Figure 1. 5). To ensure that all loans

are always sufficiently collateralized, an off-chain margin monitor (Figure 1. 6) is always

checking the relative value of the collateral. Should the value of the collateralized asset drop

below the required level, the margin monitor will automatically trigger a margin call which

could be to end the loan partially or completely. This action will be in accordance with the

user’s preferences and settings.

When a loan is ended, users will pay back the loan with the designated interest. If the user no

longer has sufficient funds to cover the loan amount and interest, then a percentage of the

collateralize asset will be sold to cover the remaining amount of unpaid interest.



Peer-To-Peer Trading

When a user would like to place either a market or pending order, funds will remain in the

user’s or counterparty’s wallet but will become locked (Figure 2.1). The funds will remain in

this holding state until:

- A trade is placed and matched by the off-chain matching engine, or;

- The user requests the funds to be released back to the wallet when no trade takes place

or when a timeout function implemented by the user is reached.

Following a trade match, the trade information is sent to the settlement engine which sends

the request to release the locked funds from escrow (Figure 2.2) into the correlating

blockchain (Figure 2.3).

Peer-to-peer exchanges can be done with any assets provided by the liquidity network. Some

crypto assets will be able to be exchanged without any KYC, while some assets such as stocks

will require the user to have completed KYC.

We will be using some side-chain protocols which allow for the delayed settlement of trading.

There are a wide range of use cases when such functionality could be helpful. For example, a

trader would like to make multiple trades over a short period of time without having to settle

each trade, but rather have one single on-chain settlement for the group of trades. This results

in lower fees for the user and less burden on the network.

Figure 2



Collateralization Functions

The escrow functionality enables peer-to-peer trading as well as margin trading as has been

previously described, but this technology can go far beyond these simple use cases.

Collateralization will help eliminate the existing need of specific fiat or crypto currency

deposits in order to trade most assets or perform a task. The collateralization allows users to

leverage from the underlying value of digital assets and utilize them as reserve of value.

Collateralization makes possible the instant transfer of assets in a decentralized way and

provides a very similar user experience as a centralized solution. The use of escrow type

functions to deliver the collateral credit allows funds to be instantly exchanged off-chain

within the liquidity network.

Figure 3

Collateralization makes it possible to use instant payment solutions directly in the custodial

wallet (Figure 3). Users can trigger a loan (Figure 3.1) within the liquidity network which is

connected to the payment gateway (Figure 3.2). The Bitcoin would be immediately

exchanged for USD (Figure 4.3) which can then be used in the payment gateway such as

debit card. Following the initiation of the payment, the Bitcoin will be released from escrow

and sent back to the lender (Figure 3.4). This settlement transaction happens on-chain,

making it possible to use any asset to pay anything in Fiat.



On-chain settlement

In contrast to the centralized exchange where transactions happen off-chain, the semi-

decentralized exchange transactions will be settled on-chain. The blockchains processing time

will be improved through side chain or other scaling technologies. Currently there are many

scaling solutions being tested on live Blockchain networks which will allow for some creative

ways to resolve some of these problems. Solutions such as atomic swaps, the Lightning or

Raiden networks, as well as independent scaling solutions such as Bancor, Kyber network, or

0x could be creatively utilized to address liquidity and speed issues. Different blockchains

will require the utilization of different scaling solutions and so the result will be a mix of

external protocols and scaling solutions working together through the interoperable

framework.

Cross-chain Exchange Compatibility

By providing the escrow logic within the wallet, it will allow users to perform cross-chain

transactions between chains that support functionalities such as time locks, smart contracts,

multi-signature dependent actions, etc. The settlement engine acts as a coordinator between

the different chains and communicates to the wallet when and to whom to release the funds.

The funds could be released either back to the user’s wallet or to the counterparty. In the

future, protocols enabling blockchain interoperability such as Polkadot, Cosmos or the

Komodo technology might be used to further facilitate different types of cross-chain

transactions.

Enable Off-Chain Trust

To provide trust within the centralized components, an audit of some off-chain components

such as the order book will be performed every 30 minutes and published on the Ethereum

blockchain. The audit feature will be outlined later in the white paper.

Enhanced Privacy and Security

The most compelling reason for users to select the hybrid exchange compared to a centralized

option is that there is not a need for KYC for most crypto transactions and that users are able

to retain the keys to their wallet. If a user stays in crypto-only-mode, it is possible to enable

full privacy and anonymity. KYC would only be required if the user decides to use the fiat

gateway functionality, or to trade on assets on some external liquidity pool that requires KYC

like those providing Forex or Stocks (non-tokenized); or to move funds into the centralized

exchange.

To further enhance the privacy of this exchange, other features such as coin mixing will be

developed and facilitated through 3rd party technologies. These features and technologies are

already available for many top cryptocurrencies. These matching technologies have often

been designed to break apart and restructure trade requests into alternate sizes, match the

trades, and then re-structure the trades back into one confirmation for the end user. This and

other obfuscation technologies are expected to be utilized as much as possible to allow the

users to have a truly private decentralized trading experience. On some protocols and digital

assets, it is anticipated that this type of technology will not be utilized initially but will be

utilized as soon as legally or technically feasible.



NETWORK OF LIQUIDITY POOL

Many concepts and ideas have driven the development of the LiveTrade Exchange

technologies and framework. Among them is the underlying ideology that a platform should

facilitate access to any market or any asset from a wallet. Not only should there be access, but

these assets should be exchangeable and usable at any time.

A key component of the LiveTrade Exchange architecture is not just one aggregator but

multiple liquidity aggregators and matching engines. These components are capable of

working together, combining, re-routing, and facilitating a wide range of liquidity solutions.

Together they form a network of liquidity pools providing a unique multi-asset offering and

facilitate any exchanges of value. This liquidity aggregation solution is not limited to the

LiveTrade Exchanges but will be capable of delivering aggregated liquidity to external parties

though our FIX and REST APIs.

Liquidity Providers

Figure 4

The LiveTrade liquidity network (Figure 4) will consist of several connected liquidity

providers of different asset classes with various internal regulatory requirements. The

aggregator technology allows some of the liquidity to be aggregated externally and other

liquidity to be aggregated internally. In order to meet appropriate regulatory and security

requirements, users have passed the KYC process.

Among traditional liquidity providers such as others exchanges, market makers and various

pools, there are already several crypto token and assets solutions which are helping to create

liquidity. Alternative solutions such as the Kyber Network or Bancor can be included to

enable the instant exchange of a wide range of Ethereum tokens. The LiveTrade technology

framework will be designed to work with these solutions alongside with upcoming scaling

solutions such as atomic swaps, blockchain interoperability and lightning network.

1



In addition to these external liquidity pools, any user, or partner can freely participate in the

liquidity network (Figure 4.1) and make their funds available for the short term or long-term

use of other users or others liquidity pool.

For example, a user might choose to allocate part of their holdings to the payment pool by

deposit their fund to the Saving wallet. The pool will split its revenue among participants

proportionate to their holdings. Such actions will be rewarded through ongoing interest

payments and premium while also helping to increase the internal liquidity within the

network. Another key component of this structure is the ability for external partners to

contribute to the liquidity pools indirectly, privately, or anonymously where the regulations

allow for such.

The liquidity pool holdings will be maintained in offline cold storage as much as possible.

These holdings will be added back to the active liquidity pool should there be increased

demand or need.

Interoperable Network

The LiveTrade liquidity network will allow a wide range of liquidity pools to seamlessly

work together and to be combined with native liquidity to facilitate the instant exchanging of

cross-chain and cross-asset transactions and issuing of credit. When a direct exchange

between products or assets is not possible, the exchange protocol will coordinate different

liquidity providers to perform several transactions to achieve the desired result.

An example of this would be if a user wanted to trade their Bitcoin for Apple stocks (Figure

7.). Depending on the volume, the asset liquidity, volatility and the custody of the user’s

funds, various algorithms will determine the associated fees, the exchange rate and how the

transaction will be performed to provide a favorable fast exchange. For less liquid assets, the



transactions will happen one after another until all parts are completed before the

confirmation is provided in order to reduce risk. In the Apple Stock/Bitcoin example, both

assets are more liquid and this conversion would be able to happen almost simultaneously.

The Bitcoins will be sold against the dollar (Figure 7. 1) in one liquidity pool at a locked and

lower exchange rate to offer a premium; in the meantime, the Apple stocks will be bought

through an aggregated dollar pool (Figure 7. 2). Finally, the dollar bought by selling the

Bitcoins will be sent to the aggregated dollar pool. While there are multiple steps the

transaction time can be near instant when the Bitcoin is settled with a side chain or internal

liquidity pool. The same mechanism is used for cross-chain transaction or to exchange any

crypto to any fiat (Figure 7. 3).

The second role of this structure is to provide ongoing liquidity and exchange functionality

for all of the financial instruments supported within the liquidity networks and protocols. The

automatic interoperability of assets provides great value as this facilitates the user experience

by automating the procedures and making all assets a medium of exchange or payment.

Through its API, the true utility and liquidity of the LiveTrade system can be delivered to the

ecosystem. Centralized and decentralized financial applications, payment solutions, other

exchanges and wallets will all be able to directly and indirectly benefit from this solution.

It is expected that some features or levels of interoperability might not be available to all users

in all jurisdictions due to regulations or the lack thereof. LiveTrade will strive to deliver the

highest level of interoperability and availability of functions to all users either directly or

through partnerships with existing regulated entities in key jurisdictions such as the USA, the

UK, Singapore, Vietnam, Japan, South Korea, and Australia.

ASSETS DIGITALIZATION

All the assets on the LiveTrade multi-asset platform will be digitalized (tokenized) using the

LiveTrade private blockchain. Input and output of crypto and fiat assets will be performed by

the Internal Core Banking Platform connected with the crypto, fiat payment gateways,

liquidity providers and the LiveTrade Digitalization Core.

The process flow of the digitalization will be the very similar for fiat and cryptocurrency. The

deposit of fiat/crypto assets will be managed by the treasury module and safely stored either

in a bank account or crypto wallet. The LiveTrade Platform’s treasury module will work with

hot and cold wallets and liquidity providers to both ensure the security of our customers'

assets and to optimize the amount of available liquidity in order to meet customer requests.

LiveTrade Digitalization Core will be responsible for the Digitalization on of acquired assets

via Smart Contracts controlling pre-issued tokens on the LiveTrade blockchain. In this way,

digitalized assets will be available in all LiveTrade products and displayed in all LiveTrade

applications.



Enabling Fast, Convenient Payments & Transfers

From a user’s point of view, the process of selling cryptocurrency assets to make a payment in

fiat takes just a couple of taps on the LIVE Wallet, rather than the multiple steps required with

more traditional methods. The steps in the process are as follows:

1. If the chosen tokenized asset is a cryptocurrency, LiveTrade will use its Internal Core

Banking Platform and Exchange Platform to automatically exchange the tokenized

asset for tokenized fiat and then send it to the Asset Management Engine for de-

tokenization.

2. If instead the chosen tokenized asset is fiat, it will be immediately sent to the Asset

Management Engine for de-tokenization.

3. The Asset Management Engine will then detokenize the fiat and send it from the

Treasury Module of the LiveTrade Internal Core Banking Platform through the

relevant fiat payment gateway



ASSETS TRANSFER FROM EXTERNAL BROKER ACCOUNT

Account Registration

1. Clients open an account at LiveTrade Exchange & Brokerage and goes through

“Know-Your-Client” (KYC) procedures. The clients also supply their bank account

details for settlements in money, bank and broker details for settlements in money and

shares, and e-wallet details for settlements in cryptocurrency.

2. Once KYC is completed, LiveTrade signs a broker agreement with the clients, and

assigns a unique client ID. LiveTrade Exchange also provides its bank account details,

broker details and e-wallet instructions.

3. The clients wire the assets (currency, cryptocurrency, shares) into the LIVE Wallet

accounts under the broker agreement, and LiveTrade Brokerage will conduct the anti-

money-laundering (AML) checks to verify the source of the funds involved in

transaction.

4. Once AML checks are completed, and the wire transfer is successful, the clients will

have the access to trade their shares on the LiveTrade exchange platform.

Workflow of External Transfer to LiveTrade

1. Clients open LiveTrade accounts as described above.

2. Clients send a request to LiveTrade, our LiveTrade Brokerage will initiate the

Automated Customer Account Transfer Service (ACATS) to deliver already existing

ABC shares from their own brokers to the LIVE Wallet account;

3. Client will also be able to send a conversion order to LiveTrade to convert shares into

Crypto-ABC digital shares. ABC shares would stay frozen at the LiveTrade broker

account against issued Crypto-ABC digital shares.

4. Once the conversion has been done, the clients will be able to place an order to sell

Crypto-ABC digital shares at LiveTrade Exchange for cryptocurrency.

5. LiveTrade Exchange matches the order and executes the deal.

6. Clients receive the cryptocurrency and can either:

o Convert this to other cryptocurrencies or fiat currencies; or

o Send a withdrawal order for cryptocurrency as described below.

7. The new owners of Crypto-ABC digital shares are able to either:

o Sell those for cryptocurrency; or

o Send a conversion order to exchange the Crypto-ABC digital shares for the

underlying ABC shares and then send a withdrawal order to receive ABC

shares in his broker account as described below.



Processing Time:

In general, approved transfers complete within 4 to 8 business days. Typically, all transfers

complete within 10 business days.

Fees:

While LiveTrade does not charge a fee to transfer your account via ACATS, some brokers do

apply a fee for full and partial transfers. Prior to initiating your transfer, you should contact

the "delivering firm" to verify any charge.

The National Securities Clearing Corporation (NSCC) developed the ACATS system,

replacing the previous manual asset transfer system with this fully automated and

standardized one. The ACATS simplifies the process of moving from one brokerage firm to

another. The delivering firm transfers the exact holdings to the receiving firm. For example, if

the client had 100 shares of Stock ABC at the delivering firm, then the receiving firm receives

the same amount, with the same purchase price. This makes it more convenient for clients as

they do not need to liquidate their positions and then repurchase them with the new firm.

Another benefit is that clients do not need to let their previous brokerage firm or advisor

know beforehand. If they are unhappy with their current broker, they can simply go to a new

one and start the transfer process. For a complete list of NSCC members can be found here:

http://www.dtcc.com/~/media/Files/Downloads/client-center/NSCC/nscc.xls

Withdrawal of Assets

1. Client sends a withdrawal order for currency, cryptocurrency, shares or digital shares to

LiveTrade Exchange.

2. LiveTrade Exchange executes a withdrawal order through bank transfer, the ACAT

system or through the transfer of cryptocurrency and digital assets after the exchange

has cleared such transfer (specific clearing hours will be established later, but the

general clearing procedure will be conducted 1-2 times per trading day).

LiveTrade Exchange

Clients send

transfer

request

the ACATS process

LIVE

Wallet

External Brokerage

Accounts

(NSCC Members and DTC

bank participants)

LiveTrade

Brokerage

1

2

3

Stocks, ETFs, etc.

etc.

http://www.dtcc.com/~/media/Files/Downloads/client-center/NSCC/nscc.xls

SECURITY FRAMEWORKS AND APPROACHES



The security approach in LiveTrade will be based on an adaptation of the SABSA (Sherwood

Applied Business Security Architecture) framework. In development and operation of the

LiveTrade Platform, the following approaches and frameworks will be used:

o Secure Code Development Standard

o Information Security Roles & Responsibilities

o Security Testing Framework

o Information Security Framework

o Information Security Risk Management

o Operational Risk Management Framework

o Involvement of Executive level management and the Board on cybersecurity

issues and the execution of regular Cybersecurity risk assessments.

In general security features could be divided into two different categories. The first are those

which are designed to help protect against and prevent external threats. The second are

features designed to help reduce or prevent user errors. LiveTrade has carefully considered

both types of risk and security features when designing the technology framework.

HUMAN ERROR PREVENTION

To protect users from committing unwanted mistakes, the LiveTrade AI will be developed.

This feature can help prevent users from making mistakes such as sending crypto-assets to a

non-existing, wrong or blacklisted address. The AI will also be able to perform requested risk

checks like asking users to double-check details for transactions over a specified amount.

In addition to the AI solutions the various LiveTrade interfaces and systems have been

designed to give the user greater control and the ability to control their activities.

LiveTrade implements the latest in encryption technology to ensure your online safety.

Traders are able to credit their accounts using the world leading payment processing services.

We are committed to ensuring that deposits and withdrawals are fast, easy and safe. Our

privacy policy guarantees the safety of all your personal details. Our customers will enjoy the

freedom and flexibility that cryptocurrencies offer while we take care of day-to-day security

issues. The blockchain technology used to develop and run the LiveTrade Platform is itself

the best security solution, due to the mechanism of public witness.

FUNDS PROTECTION

When users delegate the security of their funds to the Live Wallet or other 3rd party partners,

these funds will generally be stored in multiple multi-signature cold storage wallets located in

different locations and secured by different regulated teams. Extensive AI and monitoring

solutions combined with ongoing audits every 30 minutes will be utilized internally to help

reduce risks to funds to the greatest extent possible.

At any one-time LiveTrade may hold a variety of cryptocurrencies. To ensure the on-going

security of portfolio holdings, a mixture of smart contracts, hot storage and cold storage will

be used. Cryptocurrency held in hot storage will be limited to the amount necessary to

conduct rebalancing and provide smart contract liquidation facility. The majority of holdings

will be on cold storage devices or directly within smart contracts with public and audited

code.

All LiveTrade smart contracts will be thoroughly tested and audited prior to launch to ensure

safety, efficiency, and functionality in line with this white paper. Further to this an external



audit will be conducted to verify the existence of the above security measures. To help

compliment the other hardware and software security features, LiveTrade has already

arranged with external companies to implement a very extensive auditing program. This

program is currently planned to provide a general audit every 30 minutes and a full audit

every 12 hours.

USERS ACCOUNT & PERSONAL DATA PROTECTION

While LiveTrade will do all that is possible to ensure the highest level of security against

external threats, it is clear that just merely complying with existing financial regulations or

industry “Best Practices” such as providing multi-factor login, IP or device monitoring, is

woefully inadequate when it comes to fully protecting clients. LiveTrade will be compliant

with the directives set by the United States Privacy Act, the Safe Harbor Act, and other

related regulations such as the European Commission in the General Data Protection

Regulation (GDPR).

SSL ENCRYPTION

LiveTrade will use 256-bit SSL for all communications between server and web browser,

eliminating the possibility of a "man-in-the-middle attack". SSL (Secure Sockets Layer) is the

standard security technology for establishing an encrypted link between a web server and a

browser.

INTELLIGENT SECURITY COMPLIANCE TOOL

The platform will develop innovative engines to secure payment platforms and fraud

monitoring systems to check against cyber essentials/PCI DSS/ISO27001 compliance

requirements.

TWO-FACTOR AUTHENTICATION (2FA) AND EMAIL CONFIRMATION

2FA is an extra layer of security that requires not only a password and username, but also

something that only that user has access to, i.e. a piece of information only they should know

or have immediately at hand - such as a physical token. Email confirmation will be used to

increase the security of customer identification. SMS and other messaging systems via mobile

networks based on phone numbers will add a new layer of authentication security.

Our future security options in LiveTrade will be further enhanced by hardware solutions for

3FA logins, and more. This type of solution would only allow either trading or a login to the

account when this device is connected. There are a wide range of hardware solutions which

can be implemented. Some examples include a USB key or magnetic card that needs to be

connected to the user’s phone or computer either manually or through an NFC or Bluetooth

connection. Such devices could also include a requirement for a fingerprint or to push buttons

for a manual confirmation of any account related action.

These solutions combined with algorithmic authentication codes (like Google Authenticator)

could help ensure a wide range of options which will be convenient yet ensure a very secure

trading environment for LiveTrade users.

LIVETRADE SECURITY TOKEN



LIVETRADE SECURITY TOKEN (LTD)

LiveTrade is introducing a decentralized unit of account on its platforms – The LiveTrade

Security Token, hereinafter referred to as “Token”, “LTD”, or “LiveTrade Token”.

LIVETRADE TOKEN

Symbol LTD

Standard ERC20

Maximum Supply 1,000,000,000 units

KYC required? Yes

WhiteList Yes

All activities in the network will evolve around the LTD, from serving as the main base

currency for transactions and conversions, growing user base, accessing various premium

features, to incentivizing community sharing and value creation through a dynamic reward

system. This token and its associated structures aim to create an unending cycle that will

continue to support the growth of the project.

With the LiveTrade Token, LiveTrade aims to establish the world’s leading platform to trade

stocks, CFDs, ETFs, and any other sort of financial instruments and virtual goods on a global

scale in a secure and transparent way. LiveTrade shall become the trading platform for any

financial products of the future. It’s time for everyone to be able to buy any asset LiveTrade

Token or other cryptocurrencies with full transparency and efficiency with low or no

transaction costs.

TOKEN HOLDERS BENEFITS

Most token sales are actually security tokens disguised as utility tokens through the citing of a

number of primary use cases. They do this to evade the regulations governing security

tokens. Our security tokens will first be issued in accordance to the U.S. Securities and

Exchange Commission regulations.

Having said that, besides the privillege to access to premium features, LiveTrade Token

holders become co-owners of the platform and eligible to receive dividend. On a quarterly

basis, a minimum of 20% and a maximum of 60% of the profits generated by LiveTrade

Exchange & Brokerage will be dispatched among token holders (in Fiat, BTC, ETH, or LTD).

Holders (institutions or individuals) who possess more than 300,000 LTD will receive

additional benefits:

- An additional 5% of net profit distribution

- Voting rights on how the company will make decision in Token listing and IEO

investments from reserve fund (B2B services).

Distribution details will be published in advance in the press release on LiveTrade website.



LTD TOKENS DISTRIBUTION

Team & Advisors

We will vest 50% of our Team’s tokens for a period of 12 months to affirm our commitment

to the long-term vision of LiveTrade. Advisors will have different vesting periods depending

on their contribution and the number of tokens they receive. All vested tokens will be held in

dedicated publicly shared wallets.

Employee Option Pool

The Employee Option Pool is intended to help attract, retain and incentivize talent in a highly

competitive market. The pool will have different lock up periods depending on the seniority

and remuneration package of different employees.

Rewards

It is important for almost all client-oriented companies to focus a significant portion of their

energy toward growing the user base. The LiveTrade team expects the LiveTrade community

will grow exponentially due to a wide range of factors. These factors include the user-friendly

interface with a wide range of features, a competitive fee policy, a wide range of assets with

deep liquidity, extensive DApp solutions, etc. Further community growth will be supported

through traditional marketing campaigns; a very competitive referral program, and such

projects as will be proposed and endorsed by the LiveTrade Tokens.

The LiveTrade rewards program consists of a multi-tiered reward program which benefits

users, partners and developers who invite new users to join by redistributing a portion of the

referred parties’ fees to the respective person who introduced the user to LiveTrade.

Reserve Fund

10%2%

16%

2%

70%

Team & Advisors Employee Option Reserve Funds Rewards Token Sale



It is imperative for the team and community behind LiveTrade to maintain an interest in LTD

tokens following the STO. The ownership of LTD will incentivize the team to continue

working in the best interests of token holders. Part of the fund will also be used as initial

support for the LiveTrade Platform, which may be distributed in airdrops, bounty, free trials,

or other benefits for users (not more than 5%).

In later stages, the funds reserved as working capital and social funds will be kept in a

professionally managed portfolio of cash, LTD and other major cryptocurrencies. They will

be prudently used to support LiveTrade’s long-term business goals such as to build a stronger

eco-system, to attract many new participants into the community, to increase the LTD value

via buy-back program, support general business development and unplanned opportunities to

build growth, or to be loaned to the project to cover any unexpected shortfall or change in

long-term funding structures.

More importantly, LiveTrade firmly believes that companies should consider the social

impact of their business and ensure that they invest back into the communities that help drive

their business. Studies have shown that positive social responsibility improves a company’s

public image and relationship with consumers, employees. CSR also helps retain and attract

investors. Hence, about 5% of the funds will spearhead our Corporate Social Responsibility

program.

FUND ALLOCATION

Platform Development

In order to continue building and sustaining a scalable and secure platform, a significant part

of our budget will be allocated to continuous improvement of the end-user experience, IT

resources and security infrastructure, smart contract protocols, additional social elements

40%

35%

10%

10%

5%

Platform Development Sales / Marketing Legal & Regutory Operating Expenses Data Acquisition



integrations and standalone mobile application, implementation of various new features,

expansion of integrated exchanges and services.

Data Acquisition

In order to properly train our machine learning applications, we need access to numerous data

sources, settings and techniques for selectively acquiring information. The unstructured data

then needs to be analyzed and converted to numerical indicators before being fed to the

models.

Marketing & Partnerships

In order to tap into the vast market opportunity and raise awareness, we will allocate a

significant portion of the funds towards securing key partnerships and running concurrent

marketing campaigns in multiple markets. Our marketing strategy is centered on expanding

customer acquisition. The envisaged strategy includes digital and traditional promotion in

various environments, LiveTrade presentations and events, promotional registration offers and

token bounty/ airdrops.

Trade Operations

LiveTrade envisions the creation of a number of trade related products to be released. Also, a

part of the fund will have to be used to purchase beginning inventory (i.e. stocks) to process

orders quickly. Many of our features, such as our Auto Exchange and Social/Copy Trading,

whilst existing in some shape or form have never been used by such large audiences and in

order to ensure they work correctly, LiveTrade plans to perform extensive testing and

optimizations.

Legal

Legal structures and compliance are vital to the long-term success of the LiveTrade Platform.

The allocation of funds to cover legal costs will warrant that we cover regulatory and

licensing requirements in all existing and new markets we target. We at LiveTrade make no

compromise with the credibility of our platform.

Operating Expenses

To certify that daily operations continue running efficiently as our company grows, we focus

heavily on internal processes, hiring of additional key team members and managers, office

space and equipment.

TERMS OF TOKEN SALE


TERMS OF TOKEN SALE

OVERVIEW

We will be at the cutting edge of technological advancements to ensure a scalable and easy

to use platform. Due to the size of this undertaking, LiveTrade is launching a SEC-compliant

STO, a similar pathway to our Digital IPO service, and is targeting a raise of up to $50

million via a 506(c) and Reg S offering to accredited investor

A total of 1 billion (1,000,000,000) LiveTrade Tokens will be authorized and pre-mined.

For the Presale and Public Sales, a total of 700 million (700,000,000) LTD will be distributed

to participants. This allocation represents 70% of the total number of LiveTrade Tokens that

will ever exist. LiveTrade estimates that up to 50% of the total tokens issued can be sold at the

Private Sale, and all remaining tokens will be available for the Public Sale stages. As the LTD

token is a security token with a global market, the risk of token value depreciation due to

early investor sell offs is countered by the influx of new user registrations and participants.

The long-term value of LTD will reflect LTD’s adoption and its active user base. Early

participants who purchase LTD during the token pre-sale will receive the tokens at a steep

discount, and they will have the opportunity to participate from the start in LTD’s traction and

growth.

The STO will be followed by strategic phases as illustrated in the tables below.

TOKEN

RELEASE

DETAILS

PRIVATE PUBLIC

PRE-SALE SALE

Maximum Supply 350,000,000 175,000,000 175,000,000

Soft Cap $3.0 M

Hard Cap $50.0 M

Minimum

Contribution

20,000 LTD 5,000 LTD 2,000 LTD

Maximum

Contribution

160,000,000 LTD 120,000,000 N/A

Currency Accepted Fiat, Crypto Fiat, Crypto Fiat, Crypto

The list of acceptable cryptocurrencies and tokens will be listed on our STO page during each

phase and will continue to expand for investors’ convenience.

The progress of the STO will be updated in real-time on LiveTrade official STO page. In case

that we are unable to reach the soft-cap requirement, all contributions will be refunded to the

original contributors.

Anyone who does not participate in the STO campaign will be unable to acquire LTD tokens

until the tokens are listed on a cryptocurrency exchange. Our team is planning to introduce

LTD tokens to more than 10 international cryptocurrency exchange markets by the end of

2020.

TERMS OF TOKEN SALE


PRICING AND PROMOTION DETAILS

The LiveTrade security token price starts at $0.03 and different bonus rates are applied to

each phase, as per the table below:

PHASE START Period Price Promotion

Private

90 days

2019 Q3 Days 1 - 30 $0.03 30%

Days 31 – 70 $0.04 30%

Days 71 - 90 $0.05 30%

Public Pre-Sale

90 days

2019 Q4 Days 1 - 30 $0.07 25%

Days 31 – 70 $0.85 20%

Days 71 - 90 $0.10 20%

Public Sale

90 days

2020 Q1 Days 1 - 30 $0.13 10%

Days 31- 60 $0.15 5%

Days 61 - 90 $0.20 0%

All contributions are allocated by their confirmation time to the respective bonus tier. The

current bonus tier will be visible on LiveTrade.io during all phases. LTD Tokens will be

distributed to each participant within 5 days of the End Date of their respective Phase of

contribution. Special Affiliate Bonus Program will also be available for the recommendation,

which represents 10 % from the realized payment in LTD tokens. Please contact the

LiveTrade Marketing department via email: [email protected] for other incentive

programs or visit https://livetrade.io

TOKEN BUY BACK AND UNSOLD LTD TOKEN DESTRUCTION

To further ensure that the LiveTrade Token maintains as much value as possible for its

holders both at the conclusion of the offering and for years to come and to allow the

ecosystem to mature enough to always ensure an effortless user experience, two different

solutions will be used:

• First, any of the tokens for the LTD which have been allocated for sale, referral, or

promotion programs, which are not sold, will be destroyed after each sales stage. This

will help to ensure that the initial token value is preserved.

• The second method will be used to increase token value after the STO campaign is an

ongoing buyback and destruction of LiveTrade Tokens by the company. The way this

will work is that a portion of the company revenue will be allocated for token buy

back. Then the company will use these allocated funds to purchase LTD from time to

time from the open market (to the maximum of 50% of total supply). Any tokens

purchased by the company will be destroyed, and the record of the destruction will be

published on the blockchain.

This approach will lead to an ongoing and continuous reduction of LTD tokens at the same

time that the company is becoming more profitable. The lower the number of tokens, the

greater the reward. We expect the value of the tokens should increase at an exponential rate

over time because the increasing profitability will further facilitate the company to have more

funds to buy back and destroy more tokens while at the same time, the increased profit of the

company will also be distributed each month.

mailto:[email protected]

https://livetrade.io/

ROADMAP


ROADMAP

INITIATION (2018 Q4 - 2019 Q1)

• Generate idea, concept

• Perform legal & technical research, market analysis, etc.

• Reach out to potential investors & strategic partners.

• Initiate the process of obtaining required exchange licenses in the US, UK and other

regions

• Develop product’s Scope of Work and gather proposals from potential technology

providers.

• Design LiveTrade’s landing page

• Establish LiveTrade LTD

PREPARATION (2019 Q2)

• Launch the official LiveTrade homepage

• Review and evaluate strategic partners’ proposals

• Pre-announce in major publications

• Begin to build LiveTrade Exchange & Brokerage POC

• Facilitate the STO compliance and legal process

• Complete White paper v.10

PRIVATE SALE (2019 Q3)

• Initiate LiveTrade Private Sale

• Launch the official LiveTrade homepage

• Select technical partners and develop UX, UI for MVP

• Acquisition of additional licenses for future development

• Prepare for business expansion to other Asian countries and the UK through strategic

partnerships

PUBLIC PRE-SALE (2019 Q4)

• Release beta versions of LIVE Wallet and LiveTrade platform (Web/Mobile/Desktop)

• Update White paper to 2.0 (multiple languages)

• Complete listing major financial instruments.

• Perform platforms Survey & Evaluation

PUBLIC SALE (2020 Q1)

• Official launch of LiveTrade Exchange & Brokerage v.1.0 and LIVE Wallet v1.0

• Further front-end and backend development.

• Implement Social trading features

• Improve platforms performance based on user's feedback

LIVETRADE TEAM


LIVETRADE TEAM

TEAM OF DIVERSITY

The LiveTrade team is what sets us apart from the competition. Just like our platform, we are

a globally distributed and collaborative team. With varying backgrounds, experiences and

knowledge. LiveTrade’s team combines deep competency in trading, banking, education,

customer service, and blockchain technology with the right mixture of start-up spirit and

corporate professionalism to bring enthusiastic innovation and measurable results to our

client.

LE V PHAM – CHIEF EXECUTIVE OFFICER

Le is an experienced entrepreneur who has spearheaded

several businesses in the e-commerce, e-learning, and

FinTech industries. Today, his entrepreneurial spirit

drives him towards the development of new technologies,

with a dedicated focus towards Big Data and Blockchain

to assist traders and investors across the full spectrum. His

impeccable dedication, strategic mind and extenstive

knowledge in global finannce, supply chain and banking

system provide the necessary tools and experience to

assist LiveTrade’s journey towards becoming one of

globe’s best exchanges.

HUNG PHAM – CHIEF TECHNOLOGY OFFICER

Full-stack engineer with over 10 years of rich experience

building custom software products and solutions for

multiple industries. He was involved in several successful

projects in which he designed and developed several

applications in the blockchain and IoT space. As the CTO,

Hung is an irreplaceable asset for the LiveTrade team to

drive the project on the wheels of innovation and advance

technology.

SEM KOKHUIS – LEAD PRODUCT DESIGNER

Sem is an expert in delivery of complex IT projects. He

has a strong background in managing large-scale

technology projects in the financial sector. Besides

providing UI, UX to our applications and to tackle deeper

challenges of the user-centric approach for blockchain

design, he is also responsible for leading the vision,

strategy and execution of the end-to-end consumer

experience. of LiveTrade’s evolving value creation

through our platform. Sem is also the owner of

NowSquare Location Marketing.

ADVISORS


ADVISORS

LiveTrade advisory board is comprised of entrepreneurs, investors and senior figures in

blockchain and banking industry.

ANDREY SHYPUNOV – STO ADVISOR

Andrey is a crypto enthusiast and trader with more than 3

years of experience. He is a multidisciplinary specialist,

experienced ICO/STO advisor and member of Alliance of

Blockchain Professionals (ABP). Andrey advises LiveTrade

on fundraising, operations, marketing and content.

RUMEN ZAPRYANOV – STRATEGIC TRADING ADVISOR

A distinguished banking professional with track leadership

records across the spectra of society locally and

internationally. Rumen has a long-term experience (27+

years) in financial trading. Prior to joining LiveTrade, Mr.

Zapryanov was a Chief Dealer at 2 BACS banks, treasurer at

the Alpha Bank Bulgaria and Chairman of Assets and

Liabilities Committee. He was able to secure a Bonds deal for

€919 million as well as other significant deals. Currently, he

is advising LiveTrade as a strategic trading advisor.

PARTNERSHIPS


PARTNERSHIPS

To bring our customers the disruptive experience and ensure the success of the project,

LiveTrade is developing strategic partnerships with the world’s most innovative blockchain

technology developers, business consultant firms as well as other well-known advisors around

the world.

TECHNOLOGY PARTNERS

LiveTrade Exchange & Brokerage will be a product from the strategic coalitions between

LiveTrade LTD - a US-based corporation, and experienced traders and engineers around the

world with a proven track record automating distribution, increasing system transparency, and

building marketplaces and other digital services across the world. We are currently reviewing

and evaluating our partners’ proposals. Each will be selected with care on the basis of cost,

service quality, response rate as well as technical, commercial and financial reliability and

other strict requirements. We know both the art of matching people and the science of

technology.

LeewayHertz

LeewayHertz has delivered over 500 Digital

products in different verticals and business domains.

Established in 2008, since then they have helped

over 100 Fortune 500 and enterprises for their

software development projects. Their portfolio

includes companies like Siemens, P&G, O’Reilly

Auto Parts, Hershey’s, ESPN, McKinsey, the U.S.

army, and many more.

DevExperts Inc.

The Devexperts development team is recognized

as one of the world’s best, having received in the

past ten years more than 25 of the global software

and financial industries most prestigious awards.

Devexperts specializes in the development of

financial software solutions (of highly complex software solutions) for the Capital markets

industry.

Spotware Systems Ltd.

Spotware is a team of over 100 experts in financial

technology and collectively has more than 100 years

of experience. The company has been raising the

standards of the online trading industry since 2010 by

delivering meaningful solutions that solve real

problems for banks, brokers and their clients.

TraderEvolution

An Irish company registered and headquartered in

Dublin with the R&D center located in Eastern

Europe, and sales and support offices in Brazil and

India, specializing on one product – Multi-Market

trading platform.

PARTNERSHIPS


Rival Systems

Rival Systems was originally built as the proprietary

trading and risk management system for Ronin Capital.

Over 12 years, they worked with some of the best

traders and risk managers in the industry to build

enterprise solutions across a wide range of products

and strategies. They have earned multiple awards for

our innovative trading and risk management capabilities and ultra-low latency performance.

NinjaTrader Group, LLC

Founded in 2003, NinjaTrader has

evolved into an industry leader

supporting over 60,000 traders

around the globe with best-in-class

technology, deep discount commissions and world class support.

Distributed Lab

Distributed Lab is a blockchain expertise center.

The team consists of researchers, developers,

analysts. Main activities are creation of

innovative products and architectures, education

events and conferences. The goal of Distributed

Lab is to create financial internet that uses open,

uniform protocol that facilitates trade and value transfer.

Around25

Founded in 2006 Around25 is a great team of

developers who provide offshore software

development, custom software design and

outsourcing application development, as well as

software solution customization and support.

Their commitment is to provide client with the

best solutions possible at the highest standards.

GMEX Group

GMEX Group is a set of companies that offer

leading edge innovative solutions for a new era of

global financial markets by being a global provider

of innovative multi-asset exchange trading and post

trade business solutions and technology ecosystems

QuillHash Technologies Pvt. Ltd.

QuillHash Technologies is a blockchain

development company and QuillAudits is their

secure smart-contract/dApp/protocol auditing

platform committed to making the Blockchain

ecosystem more secure

PARTNERSHIPS


LEGAL, TAX, AUDIT, & STRATEGY CONSULTANTS

Grant Thornton LLP

Grant Thornton LLP (Grant Thornton) is the U.S.

member firm of Grant Thornton International Ltd,

one of the world’s leading organizations of

independent audit, tax and advisory firms. Grant

Thornton has revenues in excess of $1.7 billion and

operates 59 offices.

American Management Services, Inc.

As the leading provider of implementation-based

profit management and cash management

services, the American Management Services’

team of professional operating executives works

directly with owners to implement the changes

necessary to improve the results of their business

and promote business growth.

The Jacobs Law, LLC.

The Jacobs Law, LLC is a Boston-

based business law and litigation law

firm that provides high-quality legal

services to businesses, entrepreneurs,

in-house legal departments, and individuals. The Managing Partner and Business Litigation

Counsel, Travis J. Jacobs, has been recognized by SuperLawyers as a Rising Star in Business

Litigation for the last four (4) consecutive years.

Prospectus.com LLC

Founded in 1999 by serial entrepreneurs who have

personally launched numerous start-up companies

across various industries, Prospectus.com is a

world class leader in the Public and Private

Placement markets.

PARTNERSHIPS


PRESS & MEDIA PARTNERS

THIRD PARTY PAYMENT PROVIDERS

PARTNERSHIPS


VENDORS & STRATEGIC ALLIANCES

Beside working with some of the world’s biggest financial brokers and exchanges, LiveTrade

will be offering and marketing its services/products in Asia to capture the Earth's largest and

most populous continent. Connections with Asia-based fintech companies have already been

developed and will be publicly announced in the late 2019.

We are open and actively looking for partnerships with firms that have the licenses and

experience to establish a complete solution for our users. We intend to implement the

governing legal ecosystem for all LiveTrade services by 2025 to operate in Asia, North

America, Europe, Australia, and other critical regions. Strategic partnerships may be formed

through acquisitions, joint ventures, umbrella services or vendor relationships.

EXTERNAL EXCHANGES & BROKERAGES, LIQUIDITY PROVIDERS

BUSINESS MODEL


BUSINESS MODEL

TARGET MARKETS

KEY REVENUE STREAMS

LiveTrade is planning to exploit the exchange capabilities through various revenue streams

and business models.

The first and more obvious one is through transactions fees. We will establish transparent fee

structures & financial products The targeted fees are expected to be as low as 0.1% for the

taker and 0.05% for the maker, and a 0.5% fee for all fiat withdrawals when the exchange will

reach certain milestone. However, our business model has to be aligned with our mission

statement - to be a platform of choice for traders with the lowest transaction fees possible;

therefore, these fees will not constitute the main stream of revenue for Livetrade. As

LiveTrade continues to grow, it is expected that it will become more autonomous from

liquidity aspects of the business and will be fully capable of offering other exchange pricing

models such as a fixed monthly fee or even no-fee trading. Instead, clients can take advantage

of other tools and resources in the system which will generate other revenue channels for the

company. For example; the successful token sales will provide additional funds to the

exchange to setup an additional internal liquidity pool which could help lower the fees. For

some assets and operations fees might be adapted higher or lower depending on market needs

or conditions.

Forex

Stock

Digital Assets

Other financial

instruments

Financial Institutions

Businesses

BUSINESS MODEL


Over the long term, one of the key revenue streams of the company will come from the

market place and the store. While the market place will list partners’ tokenized assets and

funds along with ICO/STO, digital IPO, etc. the store will list applications and widgets, as

well as services for traders. It is expected that this will increase exponentially as the user base

continues to grow. Transactions in the marketplace and the store will eventually generate a

large share of the profit among LiveTrade’ activities. The model consists of offering an

exposure for partners applications, widgets, services or investment opportunities (STO,

managed funds, etc.) and then charging a commision on the transactions conducted.

By providing a public API, LiveTrade will be able to provide liquidity to compliment

solutions and products being offered by partners. The LiveTrade API will help partners

provide wallets, a fiat gateway, or as convenient way to exchange one asset for another. The

API would also be able to support a wide range of DApps and will be able to provide access

to both centralized and decentralized exchange liquidity. This will allow other exchanges to

share our liquidity pool, external trading platform, and other software components. Any entity

using the API will be considered as a partner and will be incentivized through various profit-

sharing programs or other appropriate options. Some of the institutional side will include

providing liquidity to other exchanges over a wide range of assets as well as white label

offerings of the LiveTrade Exchange

LiveTrade might as well offer a much lower transaction fee for our IPO service in exchange

to become an equity partner in our client companies. The equity position ensures LiveTrade

will always be mindful of the client companies’ needs and success.

In sum, LiveTrade shareholders can profit from the following revenue channels, but not

limited to:

➢ Transaction commissions, including withdrawal and settlement fees.

➢ Financial services such as lending, loans, etc.

➢ Profit-sharing programs with partners, affiliates, introduction brokers, and white label

offering

➢ The increased value of assets collected such as ETH, BTC, stocks, bonds, etc.

➢ Profits and/or interests from strategic investment activities.

➢ Commissions from OTC markets (Broker fees or Trading Desk)

➢ Initial Exchange Offering and Token Listing fees, Digital IPO Service

➢ Commission/ Bonus earned when a certain trading volume is met with external

exchanges & brokers

➢ Advertisement (sponsored articles, news, banner, logo, etc.)

➢ The increase in LTD value through buyback and burning techniques

➢ Subscription fees/ comission for social/ copy trading features.

➢ And other revenue streams developed in the futures as LiveTrade grows.

We see this business structuring as vital to ensure ongoing value for token holders and for the

longevity of the company

The business model will evolve to adapt with the competition, new technology, and the legal

landscape. LiveTrade will keep exploring new business models to ensure that users of the

platform will always have access to tools and resources that help them financially. One

example of this could include various ways that users will be able to monetize data that they

generate through activity in LiveTrade.

MARKET ENTRY STRATEGY



There are several distinctive phases in our market entry strategy, subject to technology,

regulatory and financial constraints.

We will stay focused on launching the key product elements to create a proof of concept.

Afterwards we will be scaling the solutions while creating opportunities with potential

partners. The phases for our launch are detailed below:

PHASE 1. LIVETRADE EXCHANGE & BROKERAGE BETA VERSION - 2019

We will start with a niche market o the crypto community. We expect both big crypto holders

and micro investors to adopt LiveTrade as other ways to reinvest in crypto.

➢ We consider Asia as our long-term key market both for professional and non-

professional investors, and we will focus on providing priority access to our platform to

clients from the region;

➢ LiveTrade will offer the deposit and withdrawal of popular cryptocurrency, forex pairs,

commodity and other financial assets;

➢ LiveTrade Exchange & Brokerage will offer shares listed on US markets, and a

selected range of digital shares, based on most liquid US stocks; and

➢ We aim to continue working with professional investors in the United State, Europe,

Asia, and Australia to set up additional countries of entry and appropriate licenses

according to our legal roadmap, using our acquired experience and knowledge, and

taking into consideration the expected regulatory changes.

PHASE 2. LIVETRADE EXCHANGE & BROKERAGE V.1.0 - 2020

Our official launch will happen in a few carefully chosen jurisdictions in Asia and with

predictable investment regulations and favorable crypto regulation. We will add services for

the crypto-funds, investment funds and High-net-worth individual (HNWI), including, but not

restricted to:

• FIX/FAST/API protocols and individual setups for companies, subject to

compliance, risk management and liquidity needs;

• We will add Social/Trading feature, AI trend prediction, and other related tools to

help users to learn from each other and collaborate for mutual benefits;

• We intend to grow our client base in both retail and professional investments and

launch industry-specific instruments and products, such as mobile solutions and

wallets, investment advice, AI for trading strategies and more;

• We expect to add European and Asian stocks to the pool by 2020 Q2 and offer a

wider range of digital shares based on the liquidity of the underlying shares, such as

top-100 NASDAQ, NYSE, top-50 European stocks, top-50 Hong Kong stocks;

• We intend to add other major cryptocurrencies for deposits and withdrawals in

2020;

• In general, we plan to add assets and digital assets based on the regulatory

environment, client demand, exchange risk management and our ongoing broker-

dealer partnerships in different markets;

• We expect that by this point we would be fully operating in the United States of

America, as well as serving U.S. customers; and

• We also expect to continue setting up additional countries of entry and obtaining

appropriate licenses according to our legal roadmap, using acquired experience and

knowledge, and taking into consideration the expected regulatory changes; and



• We expect to continue negotiating with investment funds and exchanges and with

payment providers for the platform to the broader markets, based on the business

demand.

PHASE 3. PLATFORM INTEGRATIONS AND FURTHER DEVELOPMENT - 2021

Our efforts would mainly be focused on Asian markets, with the aim of scaling retail

capacity:

➢ We intend to integrate the LIVE Wallet mobile application into payment providers’

system based on our partnerships and in accordance with approved legislative and

licensing requirements, and available market infrastructure;

➢ We aim to launch partnership bank cards and wallets for the U.S and Asian markets;

➢ We aim to add other digital asset types, such as digital commodities;

➢ We aim to launch Digital IPO services for Asian companies that are fundraising;

➢ We aim to attract clients from the world of professional investors (traders, funds,

broker- dealers) through organic and paid marketing, and through partnerships with

investment counterparties;

➢ We plan to continue setting up additional countries of entry and obtaining appropriate

licenses according to our legal roadmap, using acquired experience and knowledge, and

taking into consideration the expected regulatory changes;

➢ We aim to integrate asset management and trading partners so that digital assets of the

LiveTrade Brokerage would be available at LiveTrade Exchange and at other trading

platforms; and we expect that by this point we will be able to work within many central

banks and the U.S. in full capacity.

PHASE 4. BROADER MARKET ADOPTION 2022-2025

We expect broader market adoption once the upcoming relevant regulation in different

markets, including, but not restricted to Europe and the UK, Asia, North America and Latin

America, Russia, is in place and tested, and once our entire legal framework is set up.

➢ We intend to continue setting up additional countries of entry and obtaining appropriate

licenses according to our legal roadmap, using acquired experience and knowledge, and

taking into consideration the expected regulatory changes;

➢ We will consider partnering with global educational and financial institutions for

education and future employment in finance, investment and crypto-economy;

➢ We expect that by this point we will be able to work within the People’s Republic of

China.

We anticipate that the jurisdictions and/or persons where the use of some LiveTrade and its

partners’ services would not yet be available during some phases include, but are not limited

to, the United States of America, Canada, Australia, New Zealand, the UK, the People’s

Republic of China and South Korea;

In general, the jurisdictions and/or persons where the use of LiveTrade and its partners’

services is not allowed or explicitly banned, include, but are not limited to Cuba, Iran,

Venezuela, North Korea, Sudan, and Syria.

FINANCIAL PROJECTION


FINANCIAL PROJECTION

LiveTrade projects that we will be officially and fully operating in March 2019 and expected

to profit in 2020 Q4.

Revenue

Net Profit

Forecast Assumptions

The financial forecast was established based on the following assumptions, but not limited to:

- that LiveTrade will operate in accordance to its business core values and model. We will

reduce the withdrawal & settlement fees over time to support our traders. Instead,

LiveTrade may offer completely commission-fee transactions or a monthly subscription

fee structure.

- that the B2B services of LiveTrade are recognized and become popular to companies and

financial institutions.

- that LiveTrade will successfully execute its marketing strategy to attract new customers,

retains existing users, and build a vibrant community.

- that LiveTrade will successfully secure $5 million-dollar fund through its security token

offering ending in March 2020.

- that LiveTrade and its partnership programs will continue and expand in the future.

- that LiveTrade will invest a significant amount of fund in completing legal process,

developing tools, and performing market research in 2019.

- that our team members learning curves are improved, our operation become more

effective and efficient.

- that marketing and sales efforts take up about 30% of overall revenues.

For details, please access to our 2020-2025 Financial Projection at the following address:

https://drive.google.com/open?id=1W9P0yfuSpiiRAX71M4Hg4cmYKmHn5AW3

https://drive.google.com/open?id=1W9P0yfuSpiiRAX71M4Hg4cmYKmHn5AW3

CONCLUSION


CONCLUSION

The world of today is built on the top of the traditional financial system. It is the legacy of

hundreds of years of evolution and has delivered a lot of value. Over time it has evolved in a

way that empowers itself, banks, governments and other large corporate structures, more than

the individuals with access to banking and the billions of unbanked people around the world.

Decentralized technologies allow for a user-centric financial system that is free of these

legacy limitations and where value can be shared by everyone. But these decentralized

technologies are still in their infancy and do not allow users to leverage from them with ease

or at a large scale. The LiveTrade technology framework has been specifically designed to

leverage from the best of both centralized and decentralized systems and to make all of these

benefits interoperable; ultimately, it allows users to be efficient in the digital asset trading

markets through a transparent portal. LiveTrade utilizes cutting-edge technology, analytics,

data science, and predictive algorithms to provide traders with unique insights via real-time

seamless integration with multiple exchanges, arbitrage opportunity detection and execution,

advanced trading mechanisms and other complex features that expand on the functionality of

the LiveTrade Platform.

Ultimately, LiveTrade’s strength lies in the provision of services through an easy-to-use

interface, connecting exciting machine learning technology with asset exchanges while

allowing full transparency and traceability of digital assets and fiat currency trading.

The trading platform is highly optimized and automated for trading on digital assets,

including creation and execution of tailored strategies.

With a growing number of connected providers, brokers and publishers, the LiveTrade

ecosystem will grow exponentially. Together with its partners, LiveTrade will form the

largest community for forex, stocks and cryptocurrency traders around the globe. The future

of finance will be split between the evolution of the current centralized system built around

traditional actors, and an open-source, distributed, decentralized, automated and tokenized

one built around users. LiveTrade will be an important player of decentralized finance and

will enable everyone to build their own financial ecosystem with a superior value proposition

when compared to traditional finance.

LEGAL ASPECTS AND DISCLAIMER



This document does not give any personal, legal, or financial advice.

You are strongly encouraged to seek your own professional, legal, and financial advice.

The LiveTrade Token White Paper (hereinafter — ‘the White Paper’, ‘the Document’) is

presented for informational purposes only and does not require any action to be taken by the

general public. All information and materials published, distributed or otherwise made

available on LiveTrade website are provided for informational purposes, for your

noncommercial and personal use, only.

Nothing in the Document shall be construed as an offer to sell or buy shares, rights or any

other securities nor virtual currencies in any jurisdiction. For the time being, LiveTrade is not

an investment advisor, a bank, a broker or a dealer and therefore does not participate in the

offer, sale or distribution of securities, nor does it provide any investment advice or

solicitation for investment. No information or materials published on LiveTrade website

constitutes a solicitation, an offer, or a recommendation to buy or sell any investment tools, to

affect any transactions, or conclude any legal act of any kind whatsoever. The content of this

Document should not be considered as a financial advice in any circumstance. You are

responsible for your personal finances.

The White Paper may be updated or altered, with the latest version of the Document

prevailing over previous versions. We are not obliged to give you any notice of the fact or

content of these changes.

The latest version of the White Paper in English is available at the website

https://LiveTrade.io/. While we make every effort to ensure that all data submitted in the

White Paper is accurate and up to date at the point in time that the relevant version has been

disseminated, the proposed document is no alternative to consulting an independent 3rd party

opinion.

The White Paper and the related documents may be translated into languages other than

English. Should a conflict or an inconsistency arise between the English language version and

a foreign-language version, the English language version of the Document shall govern and

prevail.

The White Paper does not constitute an agreement that legally binds LiveTrade to any entity.

LiveTrade, its directors, officers, employees, and associates do not warrant or assume any

legal liability arising out of or related to the accuracy, reliability, or completeness of any

material contained in the White Paper. To the fullest extent permitted by any applicable law in

any jurisdiction, LiveTrade shall not be liable for any indirect, special, incidental,

consequential or other losses arising out of or in connection with the White Paper, including

but not limited to loss of revenue, profits, and data.

All actions related to LiveTrade may be executed at your own risk and the LiveTrade may be

provided on an “as-is” basis without warranties of any kind, either explicit or implied. It is

your responsibility to determine if you are legally allowed to purchase the LiveTrade Tokens

in your jurisdiction and whether you can then resell the LiveTrade to another purchaser in any

given jurisdiction. You bear the sole responsibility for determining or assessing the tax

implications of your participation in the crowd sale, purchasing, receiving, and holding the

LiveTrade in all respects and in any relevant jurisdiction.



No regulatory authority has examined or approved of any of the information provided in this

White Paper. No such action has been or will be taken under the laws, regulatory

requirements or rules of any jurisdiction.

The regulatory status of tokens and distributed ledger technology is unclear or unsettled in

many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply

existing regulation with respect to such technology and its applications, including the

LiveTrade Platform. It is likewise difficult to predict how or whether legislatures or

regulatory agencies may implement changes to law and regulation affecting distributed ledger

technology and its applications, including the LiveTrade Platform. Regulatory actions could

negatively impact the LiveTrade Platform in various ways. The LiveTrade Platform may

cease operations in a jurisdiction in the event that regulatory actions, or changes to law or

regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to

obtain the necessary regulatory approval(s) to operate in such jurisdiction.

COMPETITIVE ANALYSIS

The business model of LiveTrade comprises the development, marketing and promotion of

applications in the area of financial technology and online trading. In this respect, there is a

risk that other companies with (much) more human and financial resources could enter the

market as a competitor and could possibly copy the business model of LiveTrade. These

companies could offer more attractive and competitive products and services, showing a

longer company history, better established customer relationships, and use their experience

and resources in different ways in order to compete with LiveTrade, e.g. through acquisitions,

aggressive investment in marketing, or the offer of more attractive conditions for customers,

service providers and business partners. In addition, other start-up companies, could get

access to equity and debt capital significantly easier than LiveTrade. Aa a result, LiveTrade

might grow slower than expected thus losing its customers to its competitors.

FORWARD LOOKING STATEMENTS

Some of the statements in the White paper include forward-looking statements which reflect

the LiveTrade and/or the management current views, with respect to the Product

Development, Roadmap, and future plans, with respect to the LiveTrade and the fields and

industries in which the LiveTrade operates. Statements that include the words ''expects'',

''intends'', ''plans'', ''believes'', "projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''have'',

''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature.

All forward-looking statements address matters that involve risks and uncertainties.

Accordingly, there are or there will be some important factors that could cause the Group

actual results to differ materially from those indicated in these statements. These factors

include, but are not limited to those that are described in the part of the White paper entitled

''Risk and Uncertainties'', which should be read in conjunction with the other cautionary

statements that are stated in the White paper. Any forward-looking statement in the White

paper reflects the LiveTrade’s current views with respect to future events and are subject to

these and further risks, uncertainties and assumptions related to the LiveTrade's operations,

results of operations and strategy of growth. These forward-looking statements only refer

from the date of the White paper. Subject to industry acceptable disclosure and transparency

rules and common practices, the LiveTrade undertakes no obligation publicly to update or

review any forward-looking statement, whether as a result of some new information, future

developments, or otherwise. All subsequent written and oral forward-looking statements

attributable to the LiveTrade or individuals acting on behalf of the LiveTrade are expressly

qualified in their entirety by this paragraph. For further information on the LiveTrade



Exchange project and to read the full terms and conditions, disclaimers, and other important

information related to the project please go to www.LiveTrade.io

RISKS AND UNCERTAINTIES

Prospective clients of LiveTrade Exchange(as referred to in this White Paper) should

carefully consider and evaluate all risks and uncertainties associated with the Company and its

business and operations and the underlying assets (each as referred to in the White Paper), all

information set out in this White Paper and the T&Cs prior to any use of LiveTrade. If any of

such risks and uncertainties develops into actual events, the business, financial condition,

results of operations and prospects of the Company could be materially and adversely

affected.

This White Paper includes market and industry information and forecasts that have been

obtained from internal surveys, reports and studies, where appropriate, as well as market

research, publicly available information and industry publications. Such surveys, reports,

studies, market research, publicly available information and publications generally state that

the information that they contain has been obtained from sources believed to be reliable, but

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GLOSSARY

Centralized: A type of network where all users connect to a central server, which is the

acting agent for all communications. This server would store both the communications and

the user account information. Most public instant messaging platforms use centralized

networks. Also called centralized server-structure

Decentralized: describes the design of a network that isn’t managed by a central party.

A decentralized network relies on a host of computers. As a result, blockchain technology

resides on a P2P network. It physically cannot work with a single computer or point-of-

connection. Instead, it requires a slew of other computers to join in, in order to complete a

specific task on the network.

DApp: is an abbreviated form for decentralized application.

A DApp has its backend code running on a decentralized peer-to-peer network. Contrast this

with an app where the backend code is running on centralized servers.

A DApp can have frontend code and user interfaces written in any language (just like an app)

that can make calls to its backend. Furthermore, its frontend can be hosted on decentralized

storage such as Swarm or IPFS.

Escrow: Escrow is a legal concept in which a financial instrument or an asset is held by a

third party on behalf of two other parties that are in the process of completing a transaction.

The funds or assets are held by the escrow agent until it receives the appropriate instructions

or until predetermined contractual obligations have been fulfilled. Money, securities, funds

and other assets can all be held in escrow.

Liquidity pool: is the trading volume created by institutional orders executed on private

exchanges and which are mostly unavailable to the public. The bulk of pool liquidity is

represented by block trades facilitated away from the central exchanges.

Cross-chain: Cross-chain atomic swaps. The exchange of tokens between users across

chains, without trusting a third-party.

Cross-chain atomic swaps are only possible if both chains offer a native escrow function. This

requires bitcoin-esque script functions at a minimum. Some chains, such as IOTA and Sia, for

example, don’t support on-chain trustless escrows at all, and as such cannot implement

trustless cross-chain atomic swaps

One of the greatest limitations of cross-chain atomic swaps is settlement time. By definition,

these transactions can only settle as fast as the block time of the slower of the two chains.

Block Collider’s system allows for settlements that are theoretically even faster than the block

times of either chain. Enabling cross-chain swaps to settle more quickly than the block times

of either chain is a pretty wild idea. Given how slow bitcoin blocks are, Block Collider could

carve out an interesting niche.

On-chain: On-chain transactions refer to those cryptocurrency transactions which occur on

the blockchain - that is, on the records of the blockchain - and remain dependent on the state

of the blockchain for their validity. All such on-chain transactions occur and are considered to

be valid only when the blockchain is modified to reflect these transactions on the public

ledger records.

Off-chain: Off-chain transactions refer to those transactions occurring on a cryptocurrency

network which move the value outside of the blockchain. Due to their zero/low cost, off-chain

transactions are gaining popularity, especially among large participants.

Matching engine: A trade matching engine is the core software and hardware component of

an electronic exchange. It matches up bids and offers to complete trades. Matching engines

use one or several algorithms to allocate trades among competing bids and offers at the same

price.

The most commonly used algorithm is time price priority, meaning those bids and offers

entered into the match engine first have priority over similar bids or offers that were

subsequently entered into the system.



Matching engines support different order types, such as a limit order or market order.

Matching engines may have unique APIs, or use standard ones such as FIX APIs.

Peer-to-peer trading: A peer-to-peer (P2P) service is a decentralized platform whereby two

individuals interact directly with each other, without intermediation by a third-party. Instead,

the buyer and the seller transact directly with each other via the P2P service.

Custodial wallet: A custodial wallet is a wallet in which your private keys are stored by a

third party. Thus, you do not have full control over your funds, which makes these wallets a

dubious choice.

Non-custodial wallet: may be web, paper, mobile, desktop and hardware wallets — as is the

case with custodial ones. However light (non-custodial) wallets allow you to fully control

your funds and therefore are more secure

Hot wallet: Hot wallet refers to any cryptocurrency wallet that is connected to the internet.

Generally hot wallets are easier to setup, access, and accept more tokens. But hot wallets are

also more susceptible to hackers, possible regulation, and other technical vulnerabilities.

Cold wallet: Cold storage refers to any cryptocurrency wallet that IS NOT connected to the

internet. Generally cold storage is more secure, but they don’t accept as many

cryptocurrencies as do many of the hot wallets. Cold storage devices (e.g. Trezor, Ledger)

also cost close to $80 USD, where as hot wallets are free.

Asset custody structure: A service in which a brokerage or other financial institution holds

securities on behalf of the client. This reduces the risk of the client losing his/her assets or

having them stolen. They are also available to the brokerage to sell at the client's demand.

Multi-signature: Multi-signature (often called multisig) is a form of technology used to add

additional security for cryptocurrency transactions. Multi-signature addresses require another

user or users sign a transaction before it can be broadcast onto the block chain. The required

number of signatures is agreed at the start once people agree to create the address.

Contract for difference (CFD): CFD allows you to invest in assets such as stock and forex

without having to own the asset itself.

REFERENCES


REFERENCES

Memoria, F. (2019, March 3). Binance Coin (BNB) Becomes 8th Largest Crypto After

Gaining 75% in a Month. Retrieved from CryptoGlobe:

https://www.cryptoglobe.com/latest/2019/03/binance-coin-bnb-becomes-8th-largest-

crypto-after-gaining-75-in-a-month/

Young, M. (2019, FEBRUARY 9). Crypto markets are on fire for the first time in 2019;

Litecoin shooting for the moon, the rest not far behind. Retrieved from NewsBTC:

https://www.newsbtc.com/2019/02/09/crypto-market-wrap-10-billion-pumped-back-

in-to-cryptocurrencies/

Documents

A GLOBAL MULTI-ASSET EXCHANGE & DIGITAL IPO SERVICE ...a global multi-asset exchange & digital ipo service provider white paper first published march 2019 version 1.0