1. Our Philosophy
Early adopters of cryptocurrencies have earned life changing amounts of money in 2017. This growth can be attributed to two different factors. The first is increased adoption. More people have learned about cryptocurrencies, downloaded and installed wallets and made their first purchases in 2017 than in all other years combined. The second cause is derived from the first - big money investors have noticed this booming market and they are trying to carve themselves a large share before it’s too late to do so.
It is of particular notice that these two causes have generally attracted two different cohorts of people under their banners. The first group is represented by those who think that money should be free from external interference. The street on which you were born should not determine whether you end up printing free money or work your entire life to earn it to survive. The second group of people is represented by large institutional investors who want to preserve the financial status quo and stay in power despite the apparent decentralized revolution.
We are former employees of such organizations who want to ride the wave that will shatter their monopoly, who want to make financial services that the 1% enjoy available to everybody on Earth.
2018-2020 will be formative years for the whole industry. The next wave of wealth redistribution depends on who will control and onboard the newcomers in these years. If Wall St. rent-seekers control the onboarding then all of us will have to bow down to them once again. If it is anonymous entrepreneurs, mathematicians and coders such as Satoshi Nakamoto then we will see another wave of exponential returns just like 2017.
If you want your existing cryptocurrencies to grow in value you want to support free infrastructure. After all, the value that blockchain technology creates lies in removing unnecessary middle men. We want you to join our cause and support development of our vision.
We have a track record of delivering products. To start things off we’ve adopted a new and improved token standard, ERC223 and contributed to its reference implementation, as well as created an upgrade protocol to modernize existing ERC20 tokens. While working on our crowdsale contract we have fixed two glaring bugs on ethereum.org website. Most recently, we’ve launched a 0% fee decentralized exchange, Radex.
The first part of the whitepaper will describe ERC223 token standard and Radex alongside its inner workings in detail. We will compare Radex against competing architectures of other exchanges in order to highlight important differences.
The second part of the whitepaper outlines the specification for Saturn Protocol: an upgradable, uncensorable, decentralized liquidity pool for Ethereum tokens that can be utilized by any cryptocurrency exchange that wants to supplement their order books with shared liquidity. Saturn Protocol will be governed by Saturn DAO - a decentralized autonomous organization that utilizes SATURN tokens in order to vote for protocol changes.
After Saturn Protocol gets launched on Ethereum mainnet, Radex will be the first exchange to adopt this new protocol. We further propose the roadmap for Saturn Protocol development, Radex improvements, and describe services for cryptocurrency investors that Rados.io will offer on top of Saturn Protocol.
The next section of our whitepaper goes over the ERC223 token standard: