Deepwaters ICO (WTR) is in the spotlight. Don’s miss it
Deepwaters ICO (WTR) seems like a promising project. Deepwaters is a new exchange platform that offers transparency, security, and fast transactions. It is validated and uses blockchain to provide its customers with a high-quality service. The company plans to launch its native utility token, WTR, on February 15, 2023. The sale will end on February 16, 2023. According to the team, users will be able to purchase these ERC20 tokens for $0.12 per WTR during the initial coin offering. The total supply of coins is 350,000,000. However, only 13.1% will be available at this stage. The company’s fundraising goal is $250,000, and it accepts USDT in exchange.
Deepwaters is one of the many exchange platforms littering Defi space. So, what makes it popular when there are other similar exchanges available? The company has interesting insights into developing the industry. It believes that there are ways to make this whole exchange process easier, more convenient, secure, and fast.
Moreover, the team noted that many existing exchanges ask for excessive fees. More often than not, exchange outcomes are gambles due to undetermined expenses and transaction costs. As a result, participants lose money instead of gaining more. The company pointed out two main problems.
The first one is the order flow’s poor integrity, and no confidentiality before its record appears in the publicly available order book. Such neglect often results in reordering and blocking of order flow, front-running, poor fill rates, and spread deterioration. It can also give privileges to some customers, thus, giving them an unfair advantage.
The second problem is that, in some cases, companies violate customer funds’ custody. As a result, clients lose their funds. This more often occurs during tail risk events. There are also other ways for companies to take advantage of their customers and nefariously relieve them of their funds.
What is the Deepwaters exchange’s approach?
This company aims to give its clients the best possible service. It values transparency and security. All users will have the same chances and opportunities. The platform will deal fairly with all of its customers.
Deepwaters employs a hybrid approach, as it calls it. The company leverages both centralized and decentralized components, aiming to create a new type of platform. The latter will be easily navigated, trustless, and based on advanced technologies. In addition, the Deepwaters platform will be efficient and fast. That is crucial regarding conducting transactions. The company has considerably lower fees compared to centralized trading platforms.
The team combined the concepts of blockchain custody with confidential computing. The latter uses Trusted Execution Environment enclaves. It also uses consensus-based validation to make sure that TEE enclaves’ deployment and maintenance work seamlessly. Moreover, Deepwaters exchange enables customers to conduct complex operations. At the same time, it offers non-interference assurance and custody immutability.
The company guarantees that its clients are safe from Order Flow Reordering, Spread Deterioration, Front-Running, Privileged Rent Seeking, and Order Flow Blocking. It uses on-chain technology. Thanks to the latter, the company can support self-custody. The platform uses smart contracts for deposits and withdrawals. Overall, Deepwaters has interesting services, and it seems like a good ICO choice.
