Renato Zamagna

Taylor - Crypto trading for everyone A smart cryptocurrency trading assistant service Taylor is an easy-to-use trading assistant service and mobile app that helps people make quick trades and earn small profits many times a day by signalling good entry points and allowing them to buy and sell almost instantly on popular exchanges such as Poloniex and Bittrex. Whitepaper November 2017 Fabio Seixas, Thiago Régis Abstract The emergence of Bitcoin and other cryptocurrencies created a great global negotiation market for this new type of assets. This market brings investment opportunities from many types of users including novice and experienced players. As of November 2017, Bitcoin alone has a market capitalization of over USD$ 100 billion and there are more than 1,000 digital coins being traded on the market. Differently from traditional stock market, these global exchange market works 24x7x365 and even experienced users can’t identify them all and track opportunities without using some kind of tool to help them with the job. The problem The new cryptocurrency trading market bears resemblance to the already traditional stock market, but there are a number of characteristics and differences that make the market for cryptocurrency trading unfriendly or inaccessible to various audiences. The technology behind these cryptocurrencies, as well as their wide variety, and the peculiarities of the market movements create an environment of difficult understanding for new users, as well as making it difficult for more experienced traders to keep up with all the opportunities that the market offers. The cryptocurrency trading market has been extremely profitable compared to other investment vehicles available in the traditional financial markets. This fact draws the attention of the average user who also wishes to transform their money into profitable investments. But this user runs into a lack of knowledge of how the market works, websites and services with difficult to use interfaces, and the lack of ability to follow such a wide range of 24x7 markets. New users who venture into early trades commonly accumulate losses because they do not know the right time to enter and exit a trade negotiation. The Taylor platform seeks to solve some of the problems encountered by lay and experienced users seeking to make the experience of buying and selling cryptocurrencies more user-friendly and profitable. Solution - Taylor Platform The Taylor platform is a smart cryptocurrency trading assistant service. The service consists of a signaling tool for trading opportunities associated with a mobile application and a trading operations automation bot. The first phase of the roadmap is to allow the user to respond to a trading signal, if the user wishes to enter by setting up the amount to invest and what the profit target is. How it works The service consists of a market monitor bot (A), a mobile application (B) and a trading operations automation bot (C). The market monitor bot (A) constantly monitors several markets, or currency pairs, in the exchanges supported by the service. Initially, we will support Bittrex and Poloniex given the variety of cryptocurrencies and volume of operations. The monitoring of these markets is the application of a trading strategy developed by us to identify good entry opportunities. The first strategy we will develop in the initial phase of the roadmap is a “scalping strategy” which will last a few minutes with profits between 1% and 3%, so that the user can choose to go into several trading operations per day. When a trading opportunity is identified (signal), the market monitor bot (A) notifies the users through the Taylor mobile application (B). Once notified, the users will have the opportunity, through the application interface, to analyze the signal/opportunity (price, quality, volume, graphics etc.) and decide if they wish to enter into that trade. To do this they will only have to choose the amount to be invested and the desired profit, within a range of possibilities appropriate to the strategy used by the signal service. In the case of the scalping strategy, the desired profit options will be 1%, 2% or 3%. Different strategies may present different earning possibilities. Once the user has chosen the desired profit, the trading automation bot (C) comes into action. This bot will operate the user's funds through the exchange API placing the purchase order first, tracking it, and after the order has been executed, placing the sell order. Then, it will constantly monitor the price of the asset to eventually start an operation of stop-loss, in order to minimize losses if the market does not move in the predicted direction. In case the sell order is executed at the target price, the operation is completed at the desired profit by the user. In order for the operations to work, the user must have created an account in the Taylor service and have properly configured the integration keys via the exchange API, as well as making available the operating balance in the exchange itself. Business Model, Pricing and Token Economics We will issue a token called Taylor (symbol TAY) to support our service and fund our initial operations, including development, marketing, and technological infrastructure. An Initial Coin Offering (ICO) will be held to let the general public buy TAY tokens (see more below). The Taylor service will be subscription based. Users will subscribe to a monthly service to receive trading signals in their mobile phones and have access to the automated trading interface. Users will be able to pay for the service using credit cards, some cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) or using our utility token TAY. Users who pay for the service using the TAY tokens may have a discount on their subscription fee and get access to premium features, such as notification priority, higher trading limits, first look at new features, etc. Users will be able to buy TAY tokens during the token sale phase and, after that, through popular cryptocurrencies exchanges available in the market. As users pay for the service using the TAY token, we will burn 15% of all TAY tokens received. These two characteristics of the business model, the incentives to pay for the service using TAY tokens and the constantly token burning will likely create sufficient demand for the TAY token among users and market players. The subscription fee is most likely to be around USD$30 per month. The final price will be determined later in the future. Token Sale A new cryptocurrency token will be issued to support and fund our initial operations. A token sale (ICO) will be held in January 2018 to raise funds. Token sale details Token name: Taylor Token symbol: TAY Total supply: 10,000,000 (ten million) tokens Minimum funding 500 ETH on the public sale phase. If the minimum is not reached, all public sale ETH raised will be refunded Platform: Ethereum - ERC20 token smart contract Unsold tokens: All unsold tokens will be burned Initial price: Price per token, locked. 1 TAY = 0.0007 ETH Accepted coins: ETH only Token transfer: Tokens will be immediately transferred at TGE Token allocation Founders 10% of TAY tokens will be distributed to founders. Vesting:​​ 12 months vesting with a 6-month cliff. Founders tokens will not be immediately tradable at TGE. Founders will receive 50% at the end of the sixth month and 50% at the end of the twelve months. Team and Advisors 4% of the TAY tokens will be distributed to advisors and 3% to the early team. Vesting:​​ No vesting for team tokens. Advisors will have a 6-month vesting with 3 month cliff. Advisors tokens will not be immediately tradable at TGE. They will receive 50% of their tokens at the end of the third month and 50% at the end of the sixth month. Bounty Program 3% of the TAY tokens are allocated for the bounty program. Bounty campaigns may include, but not limited to, translation, publishing on Facebook, Twitter, creating blog articles, media publication, support, etc. Vesting:​​ No vesting for tokens distributed on the bounty program. Private Pre-sale and Public Sale A total of 80% of the TAY tokens will be available to the public. 10,65% of tokens were sold to investors during the private pre-sale phase. 69,35% of tokens will be available for purchase to the general public during the public sale phase (ICO). Vesting: ​No vesting for purchased tokens either in the pre-sale phase or the public sale phase. History and Roadmap History The Taylor project started to take place when Thiago Régis, a developer and Taylor original founder, started to trade cryptocurrencies and found it very difficult to monitor more than a few markets. He then developed a simple monitor bot that tracked market pair on Bittrex to identify when a coin had a significant up or down variation in its price, commonly known as pump and dump. In his view, a significant dump could be a very good opportunity to make a profit. He then created a Telegram channel called “DumpAlert Channel” (​ ​http://bit.ly/2mlnww0​ ) now with more than 1,100 members. These types of signal based on big price changes are good for a type of trading strategy called “scalping” where a trader enters an opportunity to make a very quick trade with a small profit, and makes as many trades like this as possible during the day. That said, Régis realized that the signal was only part of the problem/opportunity. ​An easy to use interface, which let the user enter a trade based on a quick signal, would make the chances of a successful trade bigger. A desktop app to proof this concept was developed and shared with some traders. At this time Fabio Seixas was invited to join the project as a co-founder. Both learned that the concept of a software that receives trading signals combined with an easy and quick to use trading interface was an opportunity to follow. And the Taylor Project was born. Some screenshots Roadmap Q Q1 2017 Milestones Status as Nov, 2017 Done · · ​First market monitor bot developed ​Telegram channel created with the signal bot. 1,100+ members to date:​ ​http://bit.ly/2mlnww0 Q2 2017 Done · ​Proof of concept desktop software developed (CryptoScaper) · ​BitcoinTalk Q3 2017 ANN:​ ​http://bit.ly/2ACstT8 Done · ​Validation of the proof of concept desktop software through daily use and alpha users feedback · · · ​Service concept and brand development ​Advisors and team building ​ICO Private pre-sale (447 ETH raised in 3 weeks) Q4 2017 · · · ​Mobile app UX design ​Service backend development ​Market monitor bot development and improvements · ​ICO Campaign Launch In progress · ​Taylor Mobile App Beta launch. Service will be free to use Q1 2018 · · Q2 2018 Planned · ​ICO fundraising ​TAY TGE (Token Generation Event) ​TAY token listing on market exchanges Planned · ​Taylor Mobile App V1 launch. Service will be free for the next 6 months · ​New trading/market monitor strategies built into the service Q3 2018 Planned · · ​Support for more exchanges ​More trading/market monitor strategies built into the service Q4 2018 Planned · · ​Desktop App release ​Users custom trading/market monitor strategies Q1 2019 Planned · · ​End of free service. Billing started ​Social Q2 2019 Planned · · Q3 2019 and beyond trading / Follow traders feature ​Web App release ​Auto trade feature Desired · ​New yet to be discovered features, products and services Summary Contacts Site:​ ​http://www.smarttaylor.io Token sale site:​ ​http://tokensale.smarttaylor.io Facebook:​ ​https://www.facebook.com/smarttaylorapp Twitter:​ ​https://twitter.com/smarttaylorapp Slack:​ ​http://smarttaylor.slack.com​ (Slack invite:​ ​https://smarttaylor-slack.herokuapp.com​ ) Telegram:​ ​https://t.me/smarttaylor Medium:​ ​https://medium.com/smarttaylor