White Paper v1€¦ · ROBINOS TRADE SHARE WHITE PAPER V1 2019 5 Company Overview Our Vision Our vision: To provide cross exchange access to trade orders, increasing liquidity and

WHITE PAPER V1 2019

ROBINOS TRADE SHARE WHITE PAPER V1 2019 1

The Opportunity

▪ Lack of liquidity from low trade volumes

▪ Price hikes and crashes on smaller exchanges due to market

manipulation

▪ Trade volumes represented on the exchange they trade on which

doesn’t match their ability to sell / buy coin

▪ Lack of traders on small exchanges

▪ Bots over running the exchanges

▪ To keep small exchanges relevant in the marketplace


The Solution Trade Share, a shared liquidity pool via orderbook sharing algorithms we have

developed to specifically tackle the problem. A revolutionary piece of

technology that will share orders across all partnered exchange platforms for

all users to take advantage of, it will not only increase liquidity but also user

satisfaction from a pricing perspective.

Trade share can potentially open up trading of some low-profile

cryptocurrency, by exposing such cryptocurrency to a larger group of traders,

and at the same time, creating stability over high-profile assets as prices

become more competitive with a combined number of traders around all

partnered exchanges.

Robinos Trade Share has been developed/designed to specifically solve

liquidity issues that we see plaguing smaller exchanges, some exchanges have

10’s of thousands of users but still have poor liquidity, due to a majority of the

users being cold wallet investors (long term) or not being in a financial position

to trade frequently, So when a user wants to trade they will see a flat order

book and then look elsewhere. If this exchange is using Robinos Trade Share,

they can offer their users not only better liquidity and trading options / pairs,

but also access to our white label OTCX.

Support staff and contact center to provide both technical and process support

for our exchange partners. We will use zen-desk to facilitate this.


Table of Contents

Company Overview ............................................................................................ 5

Our Vision ....................................................................................................... 5

Our Values ...................................................................................................... 5

Our Mission .................................................................................................... 5

Our Company .................................................................................................. 6

Our Team ........................................................................................................... 7

Management .................................................................................................. 7

Anton Morris - CEO ...................................................................................... 7

Himanshu Pandey – Lead Developer ............................................................ 8

Neo Wenyuan - CTO .................................................................................. 10

Development ................................................................................................ 11

Security ......................................................................................................... 11

Sales & Marketing ......................................................................................... 11

Legal & Accounting ....................................................................................... 12

The Project ....................................................................................................... 13

Core Product- Trade Share ............................................................................ 13

Pairing on TRADE SHARE ............................................................................ 14

Secondary Product - OTC .............................................................................. 14

New and Follow-on Products & Services ....................................................... 15

Unique Features or Proprietary Aspects ....................................................... 16

Roadmap ......................................................................................................... 17

Project time line ........................................................................................... 17

The Market ...................................................................................................... 18

Industry Overview ......................................................................................... 18

Cryptocurrency Exchanges ............................................................................ 20

Industry Analysis ........................................................................................... 22


Cryptocurrency User Numbers Growth ...................................................... 23

Cryptocurrency Exchanges & Wallets Support More Coins ........................ 24

The Technology ................................................................................................ 25

Trade share ................................................................................................... 26

Arbitrage trading .......................................................................................... 27

Architecture of Trade Share system ................................................................. 28

Trades matching architecture ....................................................................... 31

Going decentralised ...................................................................................... 33

Exchange Segregation ................................................................................... 35


Company Overview

Our Vision

Our vision: To provide cross exchange access to trade orders, increasing

liquidity and flow of cryptocurrency globally.

Our Values

Our core values are simple:

1. Inclusion

2. Accessibility

3. Innovation

4. Security

Our Mission

Our mission is to bring small and medium sized exchanges into a competitive

market position by providing them with cross exchange trade sharing

capabilities enhancing liquidity and user satisfaction, as well as providing

access to our OTC platform.


Our Company

Robinos is a Singapore based technology development company working

exclusively within the blockchain assets industry or cryptocurrency industry as

it is best known. Over the previous 4 years our team has been working with

small and medium sized exchanges providing support and development

services. Robinos has focused on development of technology for

cryptocurrency exchanges and wallet providers, we have identified some clear

issues within the current ecosystem structures and have subsequently

developed a solution.

We are currently developing a cross exchange trading engine to facilitate

multi-exchange buy and sell order fulfillment for individual users from a single

exchange account, this will create a shared liquidity pool between all of our

partner exchanges, driving higher trade volumes, increased accessibility and

fulfilment speeds for all traders who trade on any exchange in the network.

Our core business will focus on our Trade Share technology, we have

successfully developed an OTCX which will also be made available to all partner

exchanges to enhance th eir offering. We will also be operating this as an

independent business.


Our Team Management

Anton Morris - CEO

Experienced Investment and Business Advisor with a demonstrated history of

working in the financial services industry. Skilled in Business and Consumer

lending, Investment Strategies, Managed Investment funds, derivatives, crypto

currency, ICO'S and blockchain technology. Finance professional graduated

from International Institute of Technology.

Availability

Anton’s availability will be 100% to Robinos, once capital is raised, Anton will

re-locate to Singapore full time and remove himself from all other positions.

Anton will run day-to-day management of the company and will bring his

wealth of experience and knowledge to the board. Anton has worked with

several high level start ups across several industries and has the necessary

experience to drive a project forward without compromise.

Expertise:

• Investment Management Experience related to Technology

Development;

• Investment Management Experience related to Business Development.

Deployment:

• CEO- to oversee the entire operation of Robinos and Business

Development Management Team to ensure positive outcomes and maximise

our success.


Himanshu Pandey – Lead Developer

Relentless pursuit of Innovation, Strategy, Technologies/Architectures and

Management. 8+ years of leadership experience in companies and Start-up in

delivering Vision, Leadership, Innovation, Business and Technology Strategy,

Architectures, Consulting and hands- on Development. Expertise in diverse

technologies including Blockchain/Cryptocurrency, IT/Cyber Security, Cloud

Computing with proven delivery of solutions in Financial Services, Healthcare,

Oil & Gas, Transportation & supply chain applications. Leadership, Strategy and

Customer

Availability

Himanshu will use his expertise and lead the development team as the Lead

developer. Himanshu will oversee the entire development team, on the

technical aspects, leveraging on his experiences and technical skills. Himanshu

will be based in New Delhi, leading the backend development team.

Expertise:

Ethereum platform architecture & technologies - EOA Externally Owned

Accounts, Contract Accounts, Smart Contracts, Transactions, Gas, Solidity,

Distributed Decentralized Peer-to-Peer Network Architecture, DApps, DAOs,

Mining, Consensus Algorithms, POW, PoS, Merkle trees, Uncles, Web3JS

Ethereum APIs. Public/Private Key Cryptography, Digital Signatures, Hashing,

Wallets, Multi Signature Wallets.

Cloud Computing & Virtualization Public, Private & Hybrid Clouds, IaaS, PaaS

and SaaS & Container Clouds.

Containers/Docker Docker Engine, Docker Hub, Docker Compose, Docker

Swarm, Docker Registry, Docker Machine. Micro services architecture.

IT/Cyber Security Cloud Security, Cloud Security Alliance Models and Controls,

Information Security Governance and Risk Management, Software

Development Security, Cryptography, Security Architecture and Design,

Security Operations, Business Continuity and Disaster Recovery Planning, Legal,


Regulations, Investigations and Compliance, Web Services Security, Privacy,

Identity and Access Management

Bitcoin Networks, Distributed Ledger, Digital Wallets, Transactions, Blocks,

Mining, Consensus, PoW, Longest Chain, Keys, Addresses, Public Key

Cryptography, Digital Signatures, Pay to Script Hash (P2SH) and Multi-Sig

Addresses, Pay-To-Public-Key Hash (P2PKH) Transaction Lifecycle. MERN

(MySQL, Express, REACT, NodeJS) & HTM, CSS Technologies.

AmazonAWS Compute Elastic Compute Cloud (EC2), EC2 Container Service,

Auto Scaling, ELB, EBS, VPC (Virtual Private Cloud), Cloud Formation, Cloud

Watch, Route 53, DynamoDB, SimpleDB, Relational Database Service (RDS),

Elastic Cache, Elastic Beanstalk, Cloud Formation, Identity & Access AWS

Identity and Access Management (IAM), Application Services Amazon Simple

Workflow Service (SWF), Simple Queue Service (SQS), Simple Notification

Service (SNS).

Microsoft Azure Compute Virtual Machines, Cloud Services and Web Sites;

Network Virtual Network, Traffic Manager & Express Route; Data Services

Storage, SQL Database, HDInsight, Cache, Backup, Site Recovery; Application

Services Service Bus, Multifactor authentication, Automation.

Deployment:

Lead developer- to manage the development team of Robinos, and report to

CTO. Will also manage and develop technical solutions when necessary.


Neo Wenyuan - CTO

Experience in engineering and tech start-up management. 5 years of

experience in engineering, followed by 4 years of founding a tech start-up.

Advised on national level, regarding directions of tech start-ups, and

specialising in blockchain development.

Availability

Neo is based in Singapore, and as the founder of Robinos, Neo will oversee the

tech development, and assist in daily operations of the business.

Expertise:

• CTO of previous start-up

• Development team general management

Deployment:

• CTO- to oversee the tech development progress to ensure timely

delivery. Engineer solutions to some of the tougher operational issues that

might arise later.


Development

Our development team is made up of 35 developers currently, we plan to

expand this to over 55 after our capital raise, the development of each

component will be running in parallel with a core team overseeing and

integrating all key components.

Security

Security of our partner exchange integrations is paramount and we will be

dedicating a team of 15 developers to manage the security testing and

implementation, this team will scale with the business. This team will not only

be protecting our source code from internal attacks or saboteurs but will be

preventing external penetrations of our systems. We have a risk management

process in place to manage the security of our security team which involves

rotating staff and external integrity audits.

Sales & Marketing

Sales and marketing teams will be formed regionally, this will provide us with

local knowledge and support for onboarding exchange partners, as we will be

targeting small and medium sized exchanges we will strategically engage small

cap exchange marketing specialists who not only know the market, but also

have a history of contacts and connections in their regions. This will provide us

with strategic inroads to bring new partner exchanges into Trade Share.


Legal & Accounting

Legal and Accounting teams will be engaged within each jurisdiction we

operate to ensure that by providing our technology to existing or developing

exchanges we do not operate outside the confines of the law in the respective

jurisdiction.


The Project

Core Product- Trade Share

Trade Share is an exchange trade engine, giving access to cross exchange

trading from a users single exchange account, in example a trader on exchange

1 wants to sell 50ETH but here are currently no buyers at the volume or price

that the trader wants, if Robinos software is running on the exchange, the

traders sell order would be shown across multiple exchanges increasing the

likelihood of being able to sell for the price that they want in the volume that

they want to trade. This will effectively help smaller exchanges with fewer

users to facilitate liquidity for their exchange trades. The fees would be

awarded to the selling exchange and to the buying exchanges respectively.

We feel that this will revolutionize the crypto exchange market, with so many

coins falling below market value on independent (small cap) exchanges, the

future needs to have greater liquidity and increased users, by implementing

Robinos software an exchange opens its doors to thousands of additional

traders for both buy and sell orders.

Robinos Trade Share has been developed/designed to specifically solve

liquidity issues that we see plaguing smaller exchanges, some exchanges have

10’s of thousands of users but still have poor liquidity, due to a majority of the

users being cold wallet investors (long term) or not being in a financial position

to trade frequently, So when a user wants to trade they will see a flat order

book and then look elsewhere. If this exchange is using Robinos Trade Share,

they can offer their users not only better liquidity and trading options / pairs,

but also access to our white label OTCX.

Support staff and contact center to provide both technical and process support

for our exchange partners. We will use zen-desk to facilitate this.


Pairing on TRADE SHARE

There will be unlimited pairing capabilities on trade share that will represent

what exchanges want to offer, we will provide the ability to pair ANY-ANY. The

exchange partner will decide what is offered on their exchange platform.

Secondary Product - OTC

OTC trading has started to gain traction over the last 2 years. Reasons why OTC

trading becomes popular

- high net-worth traders having protection over price for big orders

- instant settlement with cash/monies into bank accounts

- can be anonymous, without raising fears and uncertainty over exchanges

when huge sell orders placed.


New and Follow-on Products & Services

Subsequent product - Robinos Chain sub-class assets

- Robinos Chain to be created, with the capability of creating side-chains

of sub-class assets, such as BTC, ETH and any other traded assets on Robinos

- Sub-class assets can be used as a bridge towards decentralisation

- Sub-class assets used to represent BTC, will be used to trade in

exchanges, and held by traders themselves. While the real BTC being traded is

held on cold-storage, and sees minimal transferring to ensure highest security

- Possible use of transferring sub-class assets to a friend using Robinos

Exchange to facilitate lending to a fellow user in Robinos Exchange, and faster

confirmation, without the need to shift any real asset from cold-storage

- R&D to begin Q4 2019, taking priority in safety and feasibility with safety

protocols in place


Unique Features or Proprietary Aspects

Trade Share will unite exchanges globally, providing opportunity and

competitive advantage to early adopting exchanges. We see that the crypto

market is currently rife with wash trades and false data, which exchanges are

forced to do to seem relevant and attract new traders, our technology would

not only eliminate the need for exchanges to do this but would take away their

ability to do so. The Trade Share technology would pave a steady pathway to

decentralization of exchanges in the future. Safer trading environment for all

traders, with funds secured in cold storage, and potentially going self-custodial

for each individual traders in time.


Roadmap

Project time line

Month 1: OTC to be up and running

Month 2: Trade share to be implemented in OTC / Trade Share Development

Started

Month 3: Trade Share Development Backend

Month 6: Trade Share exchange Backend Development Continued

Month 8: Exchange Front End for Distribution to partner

Month 10: Launch of Robinos trade share engine, official start of trade share

function with participating partners

Month 12: Public and Partners Feedback and Improvements implementation.


The Market Industry Overview

The cryptocurrency market is still evolving, and its market capitalization was

estimated to be a staggering $268,337,067,102 on August 18, 2019. Since the

introduction of Bitcoin in January 2009, tens of thousands of cryptocurrencies

have existed at some point, and today, there are 2450 of cryptocurrencies with

a recognized market value via coinmarketcap.com that are being traded. Still,

Bitcoin is the undoubtful leader representing approx. 61.9% of the total market

capitalization, at time of writing this document.

Although it is almost impossible to say accurately how many people use

cryptocurrency, using data obtained from a global study; it is estimated that

there are approximately 139 million user accounts at service providers with at

least 35 million identity-verified users.

There are thousands of projects and companies that have emerged specifically

to provide products and services that facilitate the use of cryptocurrency for

mainstream users and build the infrastructure for applications running on top

of public blockchains.


While the cryptocurrency industry is composed of a number of segments,

there are four key cryptocurrency industry sectors today:

• Exchanges

• Wallets

• Payments Companies

• Mining

We will only look at Exchanges due to relevancy to the Robinos TRADE SHARE

project.


Cryptocurrency Exchanges

Cryptocurrency Exchanges provide a platform for users wanting to buy or sell

cryptocurrencies. The exchange sector is the first to have emerged in the

cryptocurrency industry and remains the largest sector both in terms of the

number of independent companies and employees, albeit dominated by a few

key players, it is the most important to building a sustainable eco system and

the future of cryptocurrency.

The reasons for there being a few dominating the many is simple, it comes

down to; choice, flexibility and liquidity. Obviously UX plays some part in

selecting your exchange to trade on, but our surveys show that liquidity and

choice trump UX every time.

The first exchange was founded in early 2010 as a project to enable the early

adopters/users to trade bitcoin and thereby establish a market price. Since

then the user numbers and coins/tokens tradable has grown more than

2150%.

Today, Cryptocurrency Exchanges provide services to buy and sell

cryptocurrencies and other digital assets for both fiat currencies and other

cryptocurrencies, they also play an essential role in the global cryptocurrency

eco system by offering a marketplace for trading, liquidity and price discovery.


While the global cryptocurrency trading volume is dominated by four fiat

currencies, trading in at least 40 other national currencies is supported. The

exchange market is dominated by a handful of exchanges that are responsible

for the majority of global cryptocurrency trading volumes, of which the lion

share is denominated in a small number of international currencies. In

contrast, the majority of exchanges (mostly small) specialize in local markets by

supporting local currencies. Trading volumes at most small exchanges are

insignificant compared to the market leaders, but these exchanges service

local markets and make cryptocurrencies readily available in many smaller

countries.

Small exchanges seem to have considerable difficulties with either obtaining or

maintaining banking relationships, while large exchanges appear to have this

risk factor under control. Small exchanges are also substantially more

concerned about fraud than large exchanges, which suggests that they are

either targeted more often than large exchanges, or simply that fraud has

more a more severe financial impact due to the limited scale of their

operations and budget.

Traders today demand flexibility and liquidity of their trades, Robinos Trade

Share is the solution to this ever growing issue among smaller exchanges.

Providing cross platform trading to users from all partner exchanges, creates a

liquidity pool of potentially thousands of buy sell orders. Meaning more

competitive pricing and speed of liquidation due to the increase in volume

trading.


Industry Analysis

The crypto market may have taken a tumble this year, but that has not

diminished interest in the technology. Crytocurrency user numbers boom

despite the down turn in price.

According to a report by the Cambridge Center for Alternative Finance, a

research center at the University of Cambridge’s Judge Business School, the

number of crypto users has nearly doubled with the total number of users

registered with cryptocurrency service providers rising from 85 million in 2017

to more than 139 million in the first three quarters of this year.

“Combining public data and survey findings, we estimate that the total number

of user accounts at service providers amounts to at least 139 million in late

2018,” says the report.


Cryptocurrency User Numbers Growth

The number of crypto users rose by more than 60% in 2018. The number of

verified users is now seven times higher than what it was two years ago and

nearly twice the 2017 figure. In 2017, the number of verified cryptocurrency

users was 18 million while in 2016 it was five million. This year the report

estimates the ID-verified userbase has hit the 35 million mark across the globe:

“Using a combination of verified user data and the average share of ID-verified

accounts described above, we also estimate there are currently at least 35

million ID-verified users globally.”

Besides the rise in user numbers, there has also been a fractional increase in

the number of active users. In 2016, the percentage of active users was 35%,

and this rose by a percentage point in 2017 and another percentage point in

2018 to reach 38%.

Another positive development that has occurred in the cryptocurrency

industry in spite of the bear market has been the rise in the number of

cryptocurrency service providers who have added support for multiple digital

assets.


Cryptocurrency Exchanges & Wallets Support

More Coins

Among cryptocurrency exchanges, about 61% of them supported multiple

coins in 2017, but this year the figure has surged to 89%. With regards to

service providers in the cryptocurrency payment segment, multi-coin support

rose from 35% in 2017 to 77%. The highest increase in multi-coin support was

observed in wallets:

"Wallets with multi-coin support surged from 46% in 2017 to 90% in 2018, with

60% of wallets currently supporting more than 3 cryptoassets as opposed to

only 10% in 2017.”

The Cambridge Center for Alternative Finance report also notes that the

number of available trading pairs in the cryptocurrency market has increased

to 9,000 in the fourth quarter of this year from about 6,500. Still, cryptoasset-

only exchanges currently dominate the spot market, boasting 75% of crypto

trading volume.

With regards to crypto-to-fiat trading, the United States dollar dominates with

more than 50% of the volume followed by the Japanese yen with 21% . The

South Korean won is in the third position with 16% of overall fiat trading

volume.


The Technology

Decentralised operation with centralised operators. With shared trade books

among all participating exchanges, centralised exchanges gets to keep their

clients, and business, while users of all centralised exchanges, get to enjoy the

perks of trading in a decentralised environment, such as more trades available

with higher volume, making price extremely competitive.

High profile scams and cash outs happen very frequently in the crypto scene,

and sometimes even with volume high enough to cause a crash in market, and

in order to deter such scams from happening, exchanges has a huge role to

play in. Ultimately, when scams occur, and for scammers to benefit from it,

multiple accounts has to be created in exchanges, and thus, allowing scammers

to liquidate from exchanges. Robinos will aim to be updated with scam

projects, and thus, prevent scammers from successfully cashing out their

tokens, especially BTC. With a big group of exchanges working together, it is

highly possible for many partners of Robinos to be picked for such liquidation.

With intensive wallet tracking, if 'looted' BTC are found to be in any of Robinos

partners, Robinos can prevent such liquidation from happening.


Trade share

Participating exchanges will be able to expose their trade books to all partners,

meaning users, regardless of having account in which participating exchange,

will have the ability to trade, buy or sell, with a larger market which spreads

across all participating partners.

If trading in Bittrex allows Bittrex users to get exposed to potentially USD $36m

in 24hours volume, imagine, having a shared tradebook with Bittrex (36m),

Poloniex (20m) and a few other mid-sized exchange. With trade share, Robinos

can potentially link up all small exchanges, and potentially unify a market.

Exchanges are struggling these days with too many exchanges in the market,

and by allowing such exchanges to retain their identity and users, yet at the

same time, allow these users to close their trades at a higher frequency due to

the merged volume, it will be beneficial for all users, and at the same time, to

exchanges as well.

In order for exchanges/partners to participate in trade share, partners will

need to stake x amount of Robinos token. Amount to be staked will change

every month/quarterly, based on circulating supply. Exchanges staking Robinos

will ensure that, value of Robinos being protected, and traders rewarded for

trading, which in turn allows exchanges to stake Robinos. With more

exchanges joining the Robinos family, value of Robinos token will increase, due

to limited supply to be rewarded over the span of x number of years. When all

Robinos ever to be created is all in circulation, staking amount will reduce,

whenever a new exchange joins in, and will thus allow exchanges to start

selling their Robinos to other new exchanges, so new exchanges can be part of

Robinos, and also potential trade sharing.


Arbitrage trading

Arbitrage trading is a good source of income for exchanges. For exchanges to

take advantage of arbitrage trading, trading volume is extremely important, as

traders do not want to fall into ‘pitfalls’ of arbitrage trades. With the

introduction of Trade Share, partner exchanges will be able to benefit from

more traders, as the volume increases with all shared trades. As volume

increases, partnered exchanges will have what it takes to attract more

arbitrage traders to come in as our prices goes competitive.


Architecture of Trade

Share system

Exchange A, B and C transmits data to and from Core Engine. Core Engine is

another component in trade engine to process encrypted data received into

verification cloud to ensure no discrepancies in trade books, and creates

encrypted data to make sure validity of all verified information. Such

information includes users of exchanges, balance of user in exchanges. Robinos

and Trade Share will only possess encrypted data of exchange traders, so no

sensitive data will be required in any process of data transmitting in and out of

exchange.


With such data transmission, trade share will be able to facilitate its function

seamlessly, and thus, reduce the need of more query on the trading phase

itself to ensure trading speed.

Core Engine will constantly query and forward exchange every second, to

ensure latest data addition and changes. When a query or forward process to

exchange fails, exchanges will be halted from participating in trade share.

With the diagram above, exchange A and B, will be constantly forwarding their

trades to the backend system of trade engine. Whenever data is passed to the

trade engine, tradebook will be rearranged constantly, and at the same time,

matching trades. When trades are made, via instant order matching, details in

core engine will update instantly, and parsed to exchanges in a duplex

manner(figure 1).


Tradebook will constantly be visible to exchanges, and rearrangements can be

seen instantly by traders in their respective exchanges.

So whenever a trader attempts to create an order in Exchange A, the

information will be transmitted to the trade engine, and it’ll be broadcasted in

the tradebook, that is shared with Exchange B.

Minimal information needs to be processed here to guarantee the speed and

efficiency of the creation of trade orders, which increases the need of the core

engine process. With core engine processing, many encrypted information

possessed, will be linked with trades made, and thus, ensuring trades made are

legit, and backed by system constantly. When the trade engine and cloud

process fails to receive an answer from exchanges in the query process,

existing unfulfilled trades will be removed instantly.


Trades matching architecture

(diagram of A & B getting forwarded updated details of their encrypted users

data, and pulling data to ensure accuracy)

(another diagram showing updated tradebook data forwarded to A & B)


Exchange A and B, under the circumstance of trade matching, will receive

queries and emit response to/from core engine. This process is to ensure no

other changes had been made during that second of trade matching. Core

engine will first query both exchanges to ensure both assets have been

deducted from user’s balance, and that both assets are locked, and when both

exchanges emit response, depicting positive that assets are locked and

deducted from user’s balance in both exchange, a trade will be matched.

After the processes made by the core engine, adjusted trade book will be

updated to both exchanges A & B, and users who had their trade matched, will

no longer see their orders on the trade book, and should receive their

respective balance.


Going decentralised

Another benefit for our partners will be, going decentralised together as a

community. Robinos Chain will be created, and sub-assets can be created to

represent assets for trading, while real assets can be placed in permanent cold

wallet. For tokens like BTC with slower confirmation and speed, using side-

chains, sub-assets can allow users to ignore the flaws of bitcoin, and additional

level of security, as withdrawing out the real asset from cold storage will

require a stricter and safer guideline as time goes, potentially another layer of

protection and authentication to withdraw out real assets. Real assets should,

and also be audited on a constant basis to ensure that, the amount of real

assets in cold-storage, is similar to the amount of equivalent sub-assets

created in Robinos Chain.

However at this point, decentralised systems even though, has gained traction,

however, there will still be many expensive lessons to be made in the next few

years. Transition from centralised to DEX will be extremely challenging than

one can imagine, and should not be rushed into it. One of Robinos aim, is to

ease the crypto community into decentralisation, without risking the security

aspects of all users and exchanges.


Robinos chain will be created, and many other side-chains will come out to

represent assets traded with Robinos. An equal amount of specific asset will be

created, depending on the quantities of assets on buy or sell orders. Traders

will then, be trading the sub-assets. Real assets will then be locked when

traders places that buy/sell orders, to ensure settlement when orders are

completed. Robinos chain, will synchronise with Trade engine and Core engine

to facilitate the trades as before.


Exchange Segregation

It will be a pipedream to unite all exchanges, and get everyone to intertrade

with one another. There are 2 main forms of exchange in the market these

days, centralised exchanges governed by a company or organisation, and

decentralised exchanges, where trades are made by traders with automated

processes without any central authority, and traders are charged of their own

assets.

Within centralised regulations, there are certain laws restricting trader and

exchange operators from trading with anybody they want, depending on the

location or jurisdiction of where the exchange is based, and centralised

exchanges are targets of hackers when it comes to cryptocurrency theft, as

centralised exchanges are responsible for their trader’s assets. Whereas in a

decentralised exchange, it is under less influence of local or jurisdiction laws,

as there isn’t a central authority in charged, and at the same time, traders are

in charged of their assets, which means, assets of traders are not stored in a

centralised system, which will require more effort on a blackhat hacker.

However, there are many traders who have no idea how to effectively protect

themselves adequately at this moment. DEX are usually built on top of a

platform which allows creation of tokens or smart contracts, such as Ethereum

and NEM. Such platform restricts trading of assets that’s created on the other

platform, and thus, not giving traders enough reasons to trade on DEXs.


Within our core engine, there will be a segregation, which separate groups of

exchanges that are suitable for intertrading with another, based on limitation

of jurisdiction, requirements of KYC process, and decentralised platforms that

does not require KYC of traders.

With segregation, exchanges can rest assured when it comes to potential

breach of laws in their jurisdiction, and at the same time, maximising their

potential profits from trade sharing.

In future, when the Robinos chain is created, it will be able to facilitate DEX

trading across all assets listed by exchanges, as side-chains are created to

represent traded assets. Real assets will then be held by traders themselves.

With this structure, lesser movements of the real asset will be required by

traders of their traded assets, which then limits movement of real assets,

making it more sensitive to any movements from such real assets, and possibly

adding more security measures to withdrawal of real assets.

Documents

White Paper v1€¦ · ROBINOS TRADE SHARE WHITE PAPER V1 2019 5 Company Overview Our Vision Our vision: To provide cross exchange access to trade orders, increasing liquidity and