The IDAP project token, previously known as "IDAP" has been rebranded to "BFX".

Why IDAP

IDAP is introducing derivatives product ecosystem to crypto asset markets

  • Derivatives Instrument

    Single click trading interface to hedge & speculate through outright futures, calendar spreads, butterfly spreads & American options

  • Extended Product Offerings

    Crypto pairs, crypto/fiat pairs, perpetual swaps, crypto indices, ICO venture fund & P2P lending

  • IDAP Matrix & Spreader

    View and trade multiple futures contracts, exchange quoted and synthetic spreads

  • Institutional Grade Matching Engine

    Supports DMA, CLOB & RFQ scenarios. FIFO & Pro-rata matching algorithm, supports multiple conditional & implied orders. Advanced risk control

  • Advanced OMS & SOR

    OMS with FIX interface. Order routing to multiple exchanges, ECNs, third parties trading systems

  • Low Latency & High Availability

    Servers across multiple regions, active geo replication, guaranteed 99.99% uptime, FIX 4.2/4.4 protocol for HFTs

  • Security & Compliance

    CCSS (Level 1) Cold wallet management, Insured hot wallets, OWASP & EU GDPR compliant

  • Token Utility

    Zero trading fee for token holders. 50% discount on trading fees if paid in IDAP project token. Listing and management fee in IDAP project token

  • Customer Oriented

    User friendly UI, feedback driven product improvements, detailed FAQ and tutorials, 24x7 support

Documents

The original documents have been published in English. Documents in other languages have been translated by our supporters from crypto community around the globe. In case of conflict between a translated and the English version, the English version should be your reference to validate the facts and figures.

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WHITE PAPER
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Product

IDAP is bringing to market low-risk Exchange Quoted Spreads and a highly secure, advanced and robust Desktop Trading Platform with cutting-edge 'Point-and-Click' ladder interface. Through its diverse product offerings and institutional-grade infrastructure, IDAP will transform the digital asset market.

product Offaring

Trading Instruments

Spot

Easy access for buying & selling of cryptocurrencies and tokens. Product offerings include Crypto/Crypto & Crypto/ Fiat trading pairs.

F&O

Evergreen products for Hedging and speculating crypto market. Futures & Options trading for major cryptocurrencies and crypto indices. Serial futures contracts, spreads, butterflies and American options.

Perpetual Swaps

Leverage trading could be synonymous to perpetual swaps trading. IDAP offering includes perpetual swaps for major cryptocurrencies, equity indices, FX, stocks and commodities with leverage up to 50X.

ICO Incubation

Assisting Blockchain Entrepreneur

We believe that public blockchain have the potential to disrupt many of the current business domains. Through our incubation program we aim to bring together best ideas, entrepreneurs and necessary resources. IDAP in-house team of developers and research analysts will evaluate the project and its feasibility, including team authenticity, financial justification and legalities. We will help promising projects by providing them all the necessary resources like initial funding, tech support, legal services and other relevant consulting.

Assisting Blockchain Entrepreneur

IDAP Master Account

Buy 1.25 million IDAP tokens and avail our Master Account

Through the master account a user can generate various sub-accounts that are restricted only for trading. Withdrawls and deposits will only be enabled for the master account, users of the sub-accounts will be able to trade but not withdraw or deposit any funds.

Roadmap

Roadmap
Q4' 17
Ideation

Detailed research and analysis on crypto exchanges and product offerings.

Q1' 18
Conceptualisation of IDAP Ecosystem

Research and design, establish a team, form an advisory board and identify strategic partners.

Q2' 18
Company Formation and IDAP Token Pre-sale

Website launch, lite paper and white paper release, token listing & sale, company registration in Estonia, license procurement for trading and wallet management.

Q3' 18
IDAP Exchange Development

Product development including tech stack for exchange architecture, IDAP Trader front-end, matching engine and implied logic functionality. Community building, marketing and completion of token pre-sale.

Q4' 18
Trading Platform Development & Testing

Alpha version testing of IDAP Trader and Web trading interface. Internal testing of ladder UI, point-and-click functionality, multi-instrument derivatives trading and semi-automation via conditional orders.

Q1' 19
IDAP TestNet Launched

TestNet launched, both web interface and desktop platform open to public. Order execution on real-time market data, workspace customization functionalities and multi-instrument trading in simulated environment.

Q2' 19
Beta Exchange Testing

Closed Internal Testing of derivatives contracts trading, along with functional, security and load-testing of the exchange. Secured backing by early-stage VC firm, Sparx Ventures.

Q3' 19
Launch of Beta Exchange

Spreads, butterfly, quarterly futures and perpetual swaps available for Bitcoin. Implied Logic for futures market with advanced conditional orders. Token listing on external exchange.

Q4' 19
Platform Features Upgrade 1.0

Mobile App launched and Web App 2.0 with upgraded interface released. Geo-replicated exchange architecture goes live on multiple servers in key locations. IDAP APIs for FIX, REST, Binary, etc. integrated in IDAP Trader.

Q1' 20
Introduction of New Trading Instruments

Options and Crypto Indices derivatives introduced. Derivatives offerings extended for additional coins and tokens based on customer feedback. Opt-in portfolio management services introduced for OTC clients.

Q2' 20
Hybrid Architecture Research & Development

Continued research and development of hybrid derivatives trading protocol enabling on-chain settlement with off-chain order book management and trade execution.

Our Team

Comprises of distinguished Alumni of premier institutes such as Indian Institute of Technology (IIT), National Institute of Technology (NIT), Harvard University and Thapar University etc.

With diversified knowledge in various fields such as Investment Banking, Finance, Economics, Information Technology, the team brings forth years of expertise, business acumen and success stories.

  • Awanish Rajan Co-Founder & CEO

    Awanish Rajan Co-Founder & CEO

    12 years of extensive trading experience in capital and crypto markets. Involved in multiple leadership and mentoring roles, research and distributed system modelling. Alumnus of IIT Madras with a degree in Engineering Physics.

  • Atish Katyal, CFA Co-Founder & CFO

    Atish Katyal, CFA Co-Founder & CFO

    10+ years of experience in financial markets. Derivatives trader of Fixed Income market. Tracking and analysing economic policies, trading systems. Holds B.Tech. degree from Thapar University and CFA certification.

  • Murali Thakur Co-Founder & CTO

    Murali Thakur Co-Founder & CTO

    Diversified work experience in trading, technology and software development. Expertise in high-volume data processing, algorithm trading and risk management. IIT Roorkee alumnus with a degree in Electronics and Communication.

  • Anupam Agarwal Co-Founder & COO

    Anupam Agarwal Co-Founder & COO

    Manages IDAP marketing strategy and execution as well as general operations. Worked as Associate Consultant at one of top sales & marketing consulting firms. Experienced in sales planning, customer alignment & product management issues in top pharma companies. Alumnus of NIT Allahabad.

  • Colin BakerDirector Corporate Development

    Colin Baker Director Corporate Development

    Colin had a 20-year career trading equity derivatives, initially on the London Traded Options Market (now part of LIFFE) and later in Japan trading Japanese equity derivatives. He is the Executive Chairman of 365 Aviation Ltd and is a board member of several other companies.

  • Simon GerovichDirector Investor Relations

    Simon Gerovich Director Investor Relations

    Simon is the Chairman of Red Planet Hotels and a former derivatives trader at Goldman Sachs. He graduated with a BA, cum laude, in Applied Mathematics from Harvard University.

  • Manish Ranjan Solution Architect

    Manish Ranjan Solution Architect

    Manish is a proven technical and business leader. Proficient in all phases of SDLC with focus on Time, Cost and Scope. He has a vast experience of 18 years helping medium and large scale clients globally achieve their goals.

  • Ritika ChaturvediOperations Manager

    Ritika Chaturvedi Operations Manager

    Ritika has rich experience of leading and managing international teams of multiple business operations projects. Computer Science graduate and MBA in Finance and Analytics.

  • Himanshu Tiwari Blockchain Analyst

    Himanshu Tiwari Blockchain Analyst

    Himanshu has been a technology analyst and writer for over two years and has researched and developed content around new and upcoming technologies like Blockchain and IoT.

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