Another day, another cryptocurrency exchange. So, what makes Level01 any different from the rest? In a sea of competition from established centralized exchanges and rapidly appearing decentralized ones, what value prop does Level01 offer and how does the technology hold up? I spoke to Jonathan Loi, CEO & Founder of Level01, to find out.
Being decentralized, it’s a truly peer-to-peer trading platform offering the same security advantages of an exchange like IDEX. Yet it’s focused on a different niche–specifically, derivates trading. It’s also incorporating AI analytics to provide fair pricing based on market data. Finally, it offers a ton of tradable assets beyond crypto.
“Our goal is to bring retail investor costs much closer to, or even below, what institutional investors would be expected to pay. While it will depend on asset/product, we would certainly aim to gradually improve on industry standards by at least half,” Loi explains.
Advanced Technology Incorporating AI
What about the technology? How is Level01 built on the front and backend and how will this benefit users? Level01 is built using microservices architecture, which is, according to Loi, “a fusion of numerous small, clear-cut and clustered services, each built using the technology suited for the purpose of the service.”
The Level01 trading platform was initially launched on Android, but a web-based client and iOS app will be soon be released as well. So, what about the machine learning component? How many trading platforms are using a combination of blockchain and machine learning and what’s the benefit?
“The machine learning algorithm is proprietary and custom-developed for our peer-to-peer platform,” Lois explains. “The algorithms dynamically balance risk/reward ratio of options contract pricing for the investors and traders, where if not available they would be constantly removing and reissuing live option contracts into the market if the contract pricing is no longer viable due to market movements.”
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