IEO/ICO Review — Powertrade (PTF)
By: Lennard Neo
Tags: Cryptocurrency, Bitcoin, Blockchain, Ethereum, ICO

On 18 September 2020, Picolo Research released a brief analysis of Powertrade (PTF). View the full report here.

A mobile-first, retail-focused crypto options & derivatives platform

PowerTrade is a crypto options and structured products trading platform set to launch in Q3 2020. The platform enables the trading of Bitcoin in a quick, intuitive and seamless manner on all mobile devices. It also has added capabilities of helping investors easily analyse the market, manage risk and seize profitable trading opportunities.

Product & Strategy

PowerTrade vision is to create easy access for retail to trade crypto options through a designed driven, product focus approach offering a deep user experience. The team goal is to attract more retail investors into the crypto options market by simplifying the trading process, providing options trading education and through their affiliate program.

Existing crypto options platforms are too complex and do not maximise user value. Furthermore, the huge barrier to entry creates a sub-par experience for beginners. PowerTrade, on the other hand, will be a mobile-first platform mimicking Robinhood approach that entices young investors with its sleek user interface, representing a first in the cryptocurrency options space. It enables fractional contracts, allowing users to deploy as little as $1 to get started. Analysts at Picolo were able to get the first-hand experience of their App and interface, of which public snippets are revealed in the video below.

Token Sale

The main token functionalities of PTF are of 3 folds:

Insurance fund — PTF holders are option holders of the insurance fund, allowing them to exercise a claim an ownership stake in the pool

Staking — Users will be entitled to trading fee discounts, and use PTF as margin collaterals

Governance — Token holders can participate in voting and creating proposals

Team

Mario Gomez Lozada (Co-Founder & CEO) — Mario has got over 20 years of experience in Finance with over 6 years of blockchain-related experience.

Jon Myers (Co-Founder, Design & Marketing) — Jon comes with a track record of founding and advising many companies. He has over 20 years of experience working in user interface and user experience design.

Richard Hodges (Trading & Risk) — Richard has worked for multiple global investment banks and financial exchanges such as JP Morgan, Morgan Stanley, Barclays and Citi and has 20 years of options trading experience.

Tom Howard (Business Development & Growth) — Tom has 7 years of experience in investing in cryptocurrencies and is a founder at DeFi Nation & Co-Founder of Mosendo.

Konstantin Holoborodko (Software Engineer) — Konstantin has 20 years of software engineering experience with past experience in Bloomberg

Roadmap

Opportunities

State of the art interface design, instilling similar vibe and gamification features as Robinhood

Proportion of options-to-spot volume of traditional equities (6.8%) is 9x of Bitcoin (0.75%). We anticipate the figures to equalize as crypto option market matures.

Significant rise in options volume over the past year with an increase of +460%; this trend should be expected to continue

Conclusion

In conclusion, Picolo Research presents a ‘Spec Buy’ with 4 stars rating on PowerTrade. The project seeks to provide a unique and much-needed value to generate adoption of retail investors into crypto options. With crypto spot market significantly eclipsing options, the growth factor should continue. Overall, our analysts believe PowerTrade is a gem amidst the ‘Defi’ revolution and could work well as a diversification for a medium to a long-term portfolio.