Origin D Your Shares for Tomorrow's Trading Platform
DSDAQ
April 21, 2020
White Paper 1.0
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Executive Summary
Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by
Dsdaq - one of the most innovative Fin-tech startups in the world. Dsdaq has
received investment from top venture capital firms. Dsdaq does not raise any funds
through Initial Coin Offering(ICO). The total circulation of OD is 1 billion. All ODs are
distributed 100% free to its users, promoters, developers, and supporting partners.
OD is proof of the rights and interests of the Dsdaq network. Holders of OD have the
right to get free airdrop tokens, to participate in community governance by voting,
to enjoy the priority to become the Dsdaq global node, and so on. 30% of the Dsdaq
quarterly profits will be used to buy back and burn OD, until 300 million ODs are left.
Dsdaq is a bridge between the traditional financial world and the cryptocurrency
ecosystem. With the Dsdaq app, users can easily explore and trade various global
markets such as stocks, indices, commodities, futures, ETFs, as well as mainstream
cryptocurrencies. Users can use their cryptos as collateral to trade Tesla stock or
Nasdaq 100. Each user enjoys a 0 commission fee for some asset classes and a
meager fee for the others. Dsdaq users will receive free OD rewards for each
successful trade.
Dsdaq is dedicated to provide users the best mobile trading experience and the
greatest trading flexibilities, making Dsdaq becoming the next generation trading
platform for both traditional assets and crypto assets investors.
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Table of Contents
1. What problems do we solve?
1.1 Facilitating financial democratization
1.2 Enabling one-stop cross-border investment
1.3 Enhancing transparency and efficiency
2. Our Solutions
2.1 Product
2.2 Compliance and risk control
2.3 Technology
3. Economic Model
3.1 Free token
3.2 Circulation and distribution scheme
3.3 Repurchase and burning
4. Timeline
5. Legal Disclaimer
6. Reference
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1. What problems do we solve?
1.1 Faciliating financial democratization "Financial Democratization" is the core idea of Professor Robert Shiller. Robert is a
professor at Yale University and has achieved Nobel Prize Economics in 2013.
According to him,“ Democratization of finance will dramatically extend the realm of
financial technology to everyone, improving human welfare."
What is financial democratization? According to Professor Robert Shiller, finance is
no longer considered superior, no longer a paradise where bankers dominate, no
longer a stage where the banking industry is supercilious. Instead, it’s a happy
plaza where every customer can achieve personal value and fulfill personal wish.
Professor Schiller believes that this desire depends to a large extent on the
popularity of technological means and the breaking of monopoly shackles. In his
book Finance and a Good Society, he wrote, "Democratic transformation of finance
means creating more financial solutions developed for the people, using some
technologies that serve the needs of the people, and ensuring that the people can
be smarter. To participate in the financial system."
Dsdaq is such an innovative financial democratization solution. The easy access to
internet and smartphones have enabled basic environment and infrastructure for
product globalization. Image recognition, big data and artificial intelligence
technologies provide reliable technical support for compliance and anti-money
laundering. The introduction of blockchain technology offers a trusted, low-cost and
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efficient scheme for the booking, liquidation, clearance, and settlement. This makes
it possible to remove some of the physical and geographical barriers that people
have encountered in investing in the financial secondary market in the past, subject
to the regulatory and compliance requirements, so that people around the world
can participate in and benefit from the operation of global capital markets in a more
equal and transparent manner.
1.2 Enabling one-stop cross-border investment
So far there is no trading platform that allows users to freely allocate investments in
different regions, different asset classes and crypto assets. In reality, we often see
gold price soar when stock markets fall sharply, or emerging markets up when US
market down, or cryptos stand out when traditional assets are underperforming. We
are unable to adjust our positions conveniently and cost-efficiently between
different regions or between traditional and crypto assets, depriving us of options
for risk hedging or arbitrage.
Rich people will have less problem because they have more choices to access
various markets, and they can afford the costs of opening accounts and transferring
funds between different financial institutions and regions. But worldwide it is
difficult for people to enjoy investment freedom. Dsdaq creatively solves this
problem, users could trade various assets like stocks, indices, commodities, futures,
ETFs, and crypto currencies at one-stop with a few clicks, which means they can
switch the postions quickly to hedge risks or make arbitrage.
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1.3 Enhanceing transparency and efficiency in financial services We believe financial transaction and service system requires high level transparency
and efficiency while the reality is that very often we see that the design of financial
products is complicated and lack of transparency, and the banker told us it is so
called finance engineering.
The emergence of Dsdaq will transform the status quo. We use distributed-ledger to
keep transaction records, which increases the transparency and credibility of the
platform. Payment and clearance will be settled on the blockchain, eliminating the
dependence on the traditional interbank transfer system, greatly saving costs and
improve efficiency. We also minimize the transaction costs and return most of the
profit to Dsdaq users, promoters and developers by giving away free ODs for each
trade they made.
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2. Our Solutions
2.1 Product l Real time transfer of assets is supported between your sub-accounts
There are several sub-accounts in user wallet including spot trader account, crypto
contract account and financial contract account. Funds can be transferred between
accounts in real time and without costs, therefore users can trade various products
and switch postions quickly.
l Diversified asset classes and flexible trading tools
Dsdaq offers traditional financial products and crypto assets for users to trade at
one-stop, and all assets are selected ones with abundant liquidity. Dsdaq supports
buying long and selling short, so that users can make profit no matter the market
going up or down. We also provide users with leverage to amplify their purchasing
power but we put user protection the highest priority. For example, we only provide
5X leverage for stocks like Tesla and Facebook, and only 30X leverage for indices,
these are very low leverage compared with other service providers. Dsdaq app also
supports stop-loss and take-profit.
l Low commission fee and free ODs for each trade
The commission fee for trading indices, commodities, foreign exchange and futures
on Dsdaq is Zero. The fees for trading stock contracts and crypto contracts are also
low and will be returned to users in the form of free ODs.
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l Crypto collateral trading
Dsdaq is the first platform in the world providing crypto collateral trading service.
Users can use BTC, ETH or stable crypto currencies as collateral in exchange for the
purchasing power in dollar, then investing in traditional financial assets. As a result,
Dsdaq opens a gate towards tradtiontal financial world for crypto holders, where
they can hedge risks by investing traditional financial products when crypto price
falls, or enjoy the benefits of price up of both traditional and crypto assets at the
same time.
l Aggregated liquidity
In order to provide the best liquidity depth, Dsdaq aggregates liquidity from the
world's major liquidity providers and crypto exchanges, so we can guarantee that
whether users buy or sell, they can get the best price whenever trading.
l Ease of use for entry-level users
Dsdaq strives to be simple and user-friendly, taking into account the needs of both
entry-level and professional traders, and providing them with the best user
experience.
2.2 Compliance and risk control Dsdaq believes that the financial innovation must base on compliance and risk
control. Dsdaq's compliance and risk control principles include:
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l Commitment to regulations: Maintain smooth dialogues with the regulator, fully
implement regulatory requirements, dynamically monitor compliance,
implement internal and external audits regularly.
l Compliant financial assets only: All available financial assets must be registered
by financial regulatory authorities.
l Mainstream crypto assets only: The crypto assets are among the top list of
Coinmarketcap ranking.
l No advice of solicitation: Users execute the transaction by themself, the platform
does not provide investment advice or directions.
l User protection oriented: Dsdaq provides minimum leverage, user protection
funds and 24/7 customer support service. Assets are entrusted to cold wallets.
Dsdaq has established a strong compliance and anti-money laundering framework
to ensure that the platform continues to meet compliance obligations:
l Professional compliance and legal personnel to ensure that the regulatory
requirements of the location of the market are met.
l Use the latest technology to ensure the authenticity and integrity of user
identities.
l Use big data and AI technology to dynamically monitor abnormal transactions.
2.3 Technology
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Dsdaq adopts a 5-layer architecture divided into Application Layer, Network Layer, Core Layer Data Layer and Physical Layer. Application Layer: This layer contains native iOS app, native Android mobile app, web-based application and DApp. Network Layer: We use CDN to deliver low latency, high transfer speeds, superior performance and availability for our end users. vulnerabilities and exposures will be protected by AWF & Shield. OpenResty constructs an extremely high-performance web applications that are capable to handle 10K ~ 1000K+ connections. Core Layer: There are several modules in the core layer, including Business Service, Service Controller, Monitor, Computation Jobs & Task and Blockchain Service. Data Layer: This layer consisted of distributed DB Cluster, Cache Cluster, ElasticSearch Cluster, MQ Broker and NAS Cluster. The distributed data layer will ensure data accuracy and data efficiency.
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Physical Layer: The combination of Kubernetes and Docker enables microservices architecture that promotes fast delivery and scalable orchestration of cloud-native applications. Besides 5-layer architecture, there are some key technical features: l Proprietary Matching Engine:
Dsdaq has developed a proprietary high-speed transaction matching engine that
can carry 50,000+ transactions per second.
This high-speed transaction matching engine uses Hazelcast for distributed memory
access and atomic operations. Data flow is used to calculate matching sequences,
and independent level matching logic is used to achieve efficient big data matching.
The underlying matching core utilizes ring buffer structure which is a single and
fixed-size buffer as if it were connected end-to-end. Whenever a producer places an
object, all consumers are notified of parallel consumption with the help of
downstream queues.
This innovative design ensures that the risk of data corruption between business
processors and consumer. Transaction data is added to the ring buffer through
multiple producers and processed by multiple consumers. The proprietary matching
engine based on a ring buffer structure is much faster then traditional
ArrayBlockingQueue.
l Hybrid FinTech Cloud:
Dsdaq's network transaction environment is driven by SDN (Software-Defined
Network) ,SDI (Software-Defined Interconnect), NFV (Network Function
Virtualization), and edge computing, forming a hybrid multi-cloud and distribution
of edge-edge interconnect services. The traditional centralized IT infrastructure is
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equipped with binding point-to-point connections, which directs user traffic to the
centralized data centre.The Dsdaq's multi-points interconnection environment
provides a seamless intra & inter-datacenter connectivity that enables high-
performance, low-latency trading at sub-millisecond speeds.
l Blockchain-Agnostic Interoperability Defi Protocol:
Decentralization is not only the cornerstone of the tampering characteristics of the
blockchain but also the foundation of the blockchain without the permission
attribute. With the maturity of blockchain technology Dsdaq aims to achieve
complete decentralization in the future. Dsdaq will release a decentralized defi
protocol. This protocol will be blockchain-agnostic which means the protocol can be
implemented on different programmable blockchian. interoperability at the protocol
level as well as at the decentralized application level, allowing transactions to settle
on mutiple blockchains. Dsdaq decentralized protocol eliminates the need for a
central clearing house, providing fair and global access, and granting users full
control of their funds.
l HSM Security:
Using the latest multi-factor security mechanism from the inside out, Dsdaq provides
the technology of separating hot and cold wallets to ensure the ultimate safety of
user assets. Offline cold wallets are used to store majority of user assets, to achieve
asset high level security. Hot wallets are responsible for a small portion of assets
that are often used for transactions. If you want to move the assets in the hot wallet,
you need at least half of the keys to move the assets at this address. The multi-
signature security mechanism implemented by hardware uses a hardware security
module (HSM) to protect the private keys used in digital signatures. HSM encryption
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machines are mostly used in commercial banks, such as credit card systems, bank
and credit transfer systems, and online securities transactions. Bank-level chip
encryption directly isolates various risks physically and protects user assets.
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3. Economic model
3.1 Free token We do not raise any fund through ICO. All ODs will be rewarded to our users,
promoters, developers and partners 100% free. The number of OD they can get is
proportional to their contribution to the community. Users will receive free ODs by:
l Trade on Dsdaq:
User will get certain amount of ODs for every successful transaction. To encourage
early adopters, Dsdaq uses a pre-set deflation model, and early users will get more
ODs. As the transaction volume and users increase, it will become more difficult to
obtain OD.
l Promote Dsdaq:
To align the user interests and platform interests, Dsdaq will reward users'
promotion behavior constantly, no matter they use the referral or sharing fuction
built in App or creating contents on Twitter, Facebook, Telegram, Youtube, or any
other media to promote Dsdaq. There will be plenty of ongoing bounty programs,
users can join Dsdaq Telegram official group to get the latest information.
l Help to build Dsdaq Ecosystem :
Exchanges and market makers that provide liquidity and high-quality services for
Dsdaq users, technical teams and individual developers who help to improve Dsdaq
products will also receive OD rewards based on their contributions.
3.2 Circulation and distribution scheme
The total circulation of OD is 1 billion. The distribution scheme is as follows:
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� Users: 70%, to reward users for trading and promotion.
� Ecosystem partners and early equity investors: 20%, unlocked in four years,
25% per year.
� Team: 10%, unlocked in four years, 25% per year
3.3 Repurchase and burning
Dsdaq will use 30% of quarterly earnings to buy back ODs, and transfer the ODs to
black hole address for burning until there are 300 millions ODs left.
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4. Timeline
l Dec 2018 - Mar 2019 Singularity
Dsdaq starts from a singularity point. We carried out market investigations,
designed and polished business models, consulted industry leaders, and develop
the Beta version. The team sets its sights on building the revolutionary global
trading platform.
l Mar 2019 - Dec 2019 Initial thrust
We incorporated blockchain technologies, developed and tested an advanced
trading platform. The first version of Dsdaq App was officially launched in Dec 2019.
l Q1-Q3 2020 Skywards
During this period, we will enter targeted markets, at the same time upgrading our
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products and services. The main goal is to acquire the first 1 million users. Once a
large base of users has been achieved, a global trading network incorporating the
well-designed innovations in blockchain technology can be built and deployed.
l Q4 2020 Escaping from the gravity
The big day of Origin D will come! We plan to list OD on a major crypto exchange in
Q4 2020. We expect that many of those who have made the effort to help Dsdaq to
grow will get significant rewards. With the fast growth of Dsdaq transaction volume,
it's time for every user to get a slice of the cake. We will also expand our service to
more regions.
l 2021-2025 Interstellar
We expect the traditional financial world has been deeply reformed by blockchain
technology, and the landscape of the financial world has undergone revolutionary
changes. Dsdaq will get worldwide recognition as a leading Fin-Tech innovator.
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5. Partnership
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6. Legal Disclaimer
The Whitepaper does not constitute any relations between you (hereinafter “you” or
“Holder”) and the distributor. Acquisition of OD tokens does not present an
exchange of cryptocurrencies for any form of ordinary shares of the distributor and a
Holder of OD tokens is not entitled to any guaranteed form of dividend.
OD tokens are not intended to constitute securities in any jurisdiction. This
Whitepaper does not constitute a prospectus or offer document of any sort, and is
not intended to constitute an offer of securities or a solicitation for investments in
securities in any jurisdiction.
This Whitepaper is for information purposes only. The contents of this Whitepaper
are not a financial promotion. Therefore, none of the contents of this Whitepaper
serves as an invitation or inducement to engage in any sort of investment activity.
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7. Reference
Media Report
Bloomberg
"Dsdaq creates a milestone by using Blockchain Technology for Global Trading"
https://www.bloomberg.com/press-releases/2019-12-24/dsdaq-creates-a-
milestone-by-using-blockchain-technology-for-global-trading
Yahoo Finance
"Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia
and Draper Dragon Fund" https://news.yahoo.com/news/fintech-startup-
dsdaq-raises-1-104000311.html
"Dsdaq creates a milestone by using Blockchain Technology for Global Trading"
https://finance.yahoo.com/news/dsdaq-creates-milestone-using-blockchain-
110000059.html
Morningstar
Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia
and Draper Dragon Fund
https://www.morningstar.com/news/accesswire/584205msn/fintech-startup-
dsdaq-raises-a-15m-angel-round-funding-led-by-efftronics-asia-and-draper-
dragon-fund
Yahoo News
"Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia
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and Draper Dragon Fund" https://news.yahoo.com/news/fintech-startup-
dsdaq-raises-1-104000311.html