YPTOspace: Project Overview 

YPTOspace Project Overview and Key Features

As for the focal points of the project, at first sight it looks like it is an ICO project that intends to take care of every popular domain in the world of ICOs that have been so far established: payments, trading, crypto-to-fiat conversion, betting, banking, crypto cards and trade automation BOT YPTO as the project names it. The project names it all YPTOspace ecosystem.

The key features of the project are TRADE YPTO, PAY YPTO, CARD YPTO, BANK YPTO, BET YPTO, BOT YPTO. TRADE YPTO will be the project’s own cryptocurrency exchange that should allow to exchange all the currencies (fiat and cryptographic) available in the wallet of YPTOspace against YPTO Coin. Then the exchange should provide other trading pairs against BTC and fiat currencies. The project promises to establish a set of tools that will satisfy both inexperienced and experienced traders.

PAY YPTO will be a payments system to allow the retailers to accept payments in any currency available in YPTOspace with zero transaction fees if no conversion takes place in the transaction. Also PAY YPTO can be used as a tool for money exchange between any two parties. Only in case the currencies of the money sent and received differ the users will have to pay the conversion fee.

CARD YPTO, according to the project’s White Paper, will be a crediting service that will allow YPTOspace users to withdraw cash from ATMs across the globe. Ultimately, this should evolve to a service that will let the users refill their debit cards with fiat money through TRADE YPTO. Also, toward the end of the White Paper it is said that it will be possible to refill debit cards using the top 20 cryptocurrencies.

BANK YPTO will be a banking service combining the traditional banking tools for both fiat and cryptographic currencies. So far, the project has applied for a bank licence in the EU.

BET YPTO will be a blockchain-based peer-to-peer network for sport betting (gambling) and an online casino platform. The users of YPTOspace will have access to it through their wallets in the YPTOspace ecosystem.

BOT YPTO is a trading tool that the project intends to build primarily for market players with trading expertise. This is an algorithmic trading tool builder that can allow the traders to customise their own trading bot according to their own trading strategies. Using BOT YPTO the traders can fully automate their trading. It is not mention, though, whether the bots made with the help of BOT YPTO will be solely operational on TRADE YPTO or on other cryptocurrency exchanges too.

Roadmap and ICO Details

In its roadmap the project also mentions the creation of a number of social and communication tools that will be used for exchanging ideas and news related to the world of cryptocurrencies and related issues.

YPTOspace will launch its ICO on March 25, 2019 with a utility coin YPTO Coin which will be used to cover the platform’s future operation fees, provide access to advanced features of the platform and finance the development of the project. The total supply of YPTO Coin will be 150 million coins. The hashing algorithm of the YPTO Coin is described as a combination of Proof of Work and Proof of Stake.

The YPTOspace ICO will last for four weeks and end on April 21, 2019. Each week the cost of the coin will gradually increase starting at $0.01 in the first week and ending at $0.04 in the fourth week.

As per the the White Paper of the project, it says that platform of YPTOspace should eliminate the following presently existing flaws in the cryptocurrency world: high transaction fees, slow platform response times, middleman barriers, obstructions to real-time trading and lack of technical support. As of now, it remains to be seen how the project delivers on its bold claims.