7. Trade Planets

a. What is Trade Planets?

Trade Planets is Galaxy DAO’s first service and principal product. The exchange will run on technologically advanced specifications ensuring the highest levels of speed, depth, stability and security.

b. Why a Centralized Exchange?

Galaxy DAO is founded on the principles of decentralization, progress and assisting its members to prosperity & abundance as quickly as possible. In-keeping with these ideals and the progressive decentralization framework, Galaxy DAO has opted to structure Trade Planets as a centralized exchange in the initial phases in order to better and more rapidly take decisions, rollout features and efficiently launch the platform for the benefit of all traders, users and DAO participants in reaching their goals of prosperity.

Once Trade Planets has established itself within the market and grown sufficiently in terms of features and user-base, Galaxy DAO will explore the possibilities of adding decentralized elements and transitioning to a decentralized exchange (DEX). Announcements and finer details will be shared with the community before implementation, and as Galaxy DAO progresses to a decentralized DAO, decisions will be increasingly taken through community governance.

c. Tradable Assets

Cryptocurrencies will be immediately tradable on the Launch of Trade Planets, with Forex trading functionalities and trading pairs to be added in the second phase of Trade Planets evolution.

More cryptocurrency pairs will be introduced over time, increasing the total number of tradable assets on the exchange.

d. Fees

Trade Planet will offer competitive trading fees.

e. Technology

Trade Planets’ trading engine uses the latest in technological advances to ensure speed, stability, depth and security of all features and parts of the exchange.

f. Speed

The trading engine is able to run an order processing speed as high as one million orders per second, with each order being processed at the level of 100 milliseconds.

The trading engine utilizes various technologies to ensure maximum speed of transaction processing and settling of trades. The technologies are:

• Pure memory matching technology assures the utmost speed when it comes to matching buy and sell orders.

• The custom-made self-developed underlying concurrency package ensures hundreds of thousands to a million trades can be processed simultaneously without conflicts or errors.

• The ring buffer ensures low-latency and high-throughput order when processing order and incoming market data.

• The lock-free high concurrency design minimizes the use of locks and other synchronization mechanisms to ensure multiple processes can work concurrently without waiting for exclusive access to shared resources, achieving high throughput, low latency and efficient handling of a large number of concurrent trading activities.

• JVM in-depth tuning fine-tunes the Java Virtual Machine used to run the exchange's trading software to ensure it meets the most stringent performance and latency requirements of the trading engine.

g. Stability

The Trade Planets trading engine is built with stability of the system as a main requirement. Millions of users can be online and accessed to Trade Planets simultaneously with no downtime or delay during peak and extreme market conditions.

• Highly available distributed multi-tier deployment ensures the system’s reliability through distributed and multi-tiered architecture, load balancing, failover mechanisms, monitoring and alerting, disaster recovery mechanisms to ensure data and system recovery in worst-case scenario events, and scalability to scale the trading engine horizontally by adding more servers or resources as trading volume increases.

• The self-developed microservice architecture, design and built by the Trade Planets development team, handles various aspects of the trading platform, breaking down the trading system into smaller, independent services, each responsible for specific functions, to improve flexibility, scalability and maintainability.

• Snapshot fault-tolerant recovery runs constantly to recover the state of the trading system in the event of a catastrophic failure or outage.

• Dual active disaster recovery in the computer room comprises the simultaneous operation of two separate, fully functional data centres both actively processing trading operations, designed to provide extremely high levels of fault tolerance and business continuity to ensure the exchange's uninterrupted operation even in the face of catastrophic failures or disasters.

h. Depth

High depth of the trading order book provides institutional-level trading depth of millions of units in the buy and sell direction, as well as abundant resources and partners in the industry, that provide sufficient liquidity and depth for transactions.

i. Security

Security of trader’s assets, transactions and every other part of the Trade Planets exchange and all of its users, interactors and participants is of the utmost importance to Trade Planets.

As such, the exchange maintains the following security measures:

• During testing Trade Planets had a zero safety accident rate per million hours, reflecting an immaculate safety record with no accidents or incidents occurred.

• Trade Planets operates financial-level safety protection for the security of the exchange, including high-level data encryption for all financial and user data, including transaction details and personal user data, secure user authentication methods, secure socket layer transactions, anti-fraud measures, regulatory compliance, plus other measures.

• Situation awareness and intelligent attack prevention provide a robust cybersecurity strategy to protect the exchange's systems and data from cyber threats and attacks through real-time monitoring, threat detection, visualization, incident response, behavioural analysis, adaptive defense, threat Intelligence Integration and user and entity behavior analytics (UEBA)

• Hot and cold wallet isolation and asset protection safeguard digital assets held on the exchange against theft and unauthorized access. Hot wallets are isolated from immediate operational needs and usage. Cold wallets are isolated from any connectivity and online system. Multi–signature technology utilizes multiple private keys required to authorize transactions, and hardware security modules are used to protect private keys and other sensitive financial data.

• Multi-layered full life cycle security policies form a comprehensive and layered approach to security that covers every stage of the exchange's operation, from system design & development to ongoing maintenance and incident response that ensure that the system operates 24/7.

j. Operation

The business operation of the Trade Planets exchange is strategized with a user-focus approach. Galaxy DAO wish Trade Planets to be the most user-friendly exchange on the market, and will have account managers on hand to handle individual customer accounts and human customer service representatives providing around the clock customer support.

Communication with users is one of the DAO’s main obligations and one of the primary focuses is to become the most user-centric exchange in the worlds of both cryptocurrency and forex trading.

Galaxy DAO will engage in marketing activities to increase awareness of Trade Planets both on and offline, included but not limited to; social media advertising, targeting online advertising, industry advertising, KOL and social influencer activites, referral programmes, bonus incentives etc.

k. Trade Planets Launch Dates

The first version of Trade Planets will be launched in Q1 2024, Future versions and updates to Trade Planets will be released periodically. Updates may contain new features and elements including, but not limited to, further trading features, additional trading instruments & assets, revenue share features etc. New updates will be announced with finer details before each update.