TAURUS.IO Launches as a Distributed, Open-Standard Protocol for Derivative Exchanges

LOS ANGELES, April 10, 2018 (Newswire.com) - Taurus.io has launched a blockchain-based backbone protocol to power derivatives exchanges. The protocol is fully decentralized as it is built on the Ethereum blockchain and orchestrated by smart contracts. Taurus introduces a cross-exchange open standard to streamline peer-to-peer derivatives. The hybrid "off-chain orders, on-chain contracts" model is asset and relay-agnostic, positioning the protocol to power virtually any centralized or decentralized exchange (stocks, cryptocurrencies, etc.).

Created by Co-Founders Rawad Rifai and Brett Hayes, Taurus aims to standardize derivative trading over blockchain, incentivize healthy competition and lower the barrier-to-entry for smaller exchanges. It offers the ability to engage in public and/or permissioned pools of contracts, aiming to generate multi-exchange compounded liquidity. The protocol security is guarded by asymmetrical cryptography, an area of study for project Co-Founder Rawad Rifai. "The cryptographic standards we adopted make contracts virtually impossible to brute force with today's computers," said Rifai.

"I am pleased to formally announce Taurus.io and our upcoming token sale," added Co-Founder Rawad Rifai. "At Taurus, we are committed to pragmatic engineering while nurturing decentralization. We believe that our platform will standardize derivative contracts across any digital asset and any medium of exchange. We look forward to sharing our vision and platform with the community."

Token sales will consist of four rounds with dates to be announced soon.

For more information, and to read the Taurus whitepaper, visit here: https://www.taurus.io/pdf/whitepaper.pdf

You can reserve a spot for PRE-SALE today on https://www.taurus.io/join/presale

Exchanges may participate in the BETA program on https://www.taurus.io/join/beta

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About Taurus.io

Taurus.io is a distributed, open-standard protocol powering decentralized derivative exchange. The platform is secure, decentralized, simple, and transparent, all of which compose the company’s four core values.

Follow Taurus on Social Media:

Telegram: @CrypTaurus
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Source: Taurus