Decentralized exchange system launched by Totle
|Christian Hargrave in Blockchain Wednesday, December 26, 2018|
Totle strives to provide a single reliable infrastructure for decentralized value exchange. Their platform eliminates the need to understand the protocols of multiple decentralized exchanges.
Totle, a startup backed by TechCrunch founder Michael Arrington's crypto-fund Arrington XRP amongst others, has announced the launch of a first-of-its-kind solution for the fragmented decentralized trading and exchange ecosystem. The Totle Movement platform provides a solution for the lack of liquidity hampering cryptocurrency markets and DApp economies by supporting many use cases driving industry growth, including in-app exchange in wallets; payments and transactions for business; arbitrage exploitation by hedge funds and trading platforms; and rebalancing for portfolio managers.
By aggregating decentralized exchanges, the Totle Movement platform is designed to enable consumers, traders and any organization to focus on their assets and their business while relying on Totle to enable optimal value exchange. The platform relieves the need to integrate with and understand the protocols of multiple decentralized exchanges and implement complex price discovery mechanisms.
Key features of the platform include:
- Single access point for access to all decentralized value exchanges
- Non-custodial token trades
- Best trade price
- Simple integration
- Reliable trade execution
- Multiple exchanges in one request
- The best liquidity and largest token selection in the decentralized exchange space
“This product is critical to the future of blockchain,” said David Bleznak, founder and CEO of Totle. “Prior to Totle, there was no reliable infrastructure for decentralized value exchange. At a minimum the market (we) should expect price optimization and safe custody every time value is exchanged on a blockchain. This is Totle’s mission.”
“We vetted other APIs and it was clear that Totle delivered the best access to decentralized exchange liquidity and optimal pricing through one simple API integration,” Michael McCarthy, CEO Shrimpy - a portfolio management tool. “We’re excited to provide our global customers the ability to custody their assets while managing their portfolios.”
In addition to Arrington's support, Totle has received strategic investments from NEO Global Capital (NGC), a leading blockchain investment firms with over $400 million in assets.
Totle Movement is free at launch and is being integrated with early access partners including AlphaWallet, Arbitraj.io, Fractal Wealth, Marble, Mirian and Shrimpy.