The Token options trading system

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API Token

Please follow the steps below to create an API Token with the broker binary.com

If you don’t have an account with Binary.com yet click here to create one.

Log into your account on Binary.com

The steps for creating an API Token are the same whether you have a virtual account or a real account.

If you only have a virtual account at this stage and want to upgrade it to a real account, then just look on the top navigation for Upgrade to a Real account and go through the steps.

Upgrade to a Real account

Once logged into your account, look to the top right and select the Settings.

A drop down menu will appear.

Then select Security & Limits

Select small arrow for drop down menu next to Settings and then Security & Limits

Then select API Token.

Select API Token

Now you need to Choose your API Token name and that is up to you to whatever you want to call it, just make sure that there are No spaces or punctuation in the name or any special characters.

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For Choose Scopes you must select both Read and Trade and then select Create.

Choose a name and select both Read and Trade Scopes and then Cretae

You have a newly created API Token.

Just highlight the Token and then copy it and use it wherever required, be that with your binary bots or copy trading.

Once you delete the bot it will immediately stop working.

Congratulations. You have a new API Token

Here is a quick video explaining the above steps.

The “Token” options trading system

Общие подходы к авторизации и аутентификации в ASP.NET Core Web API несколько отличаются от того, что мы имеем в MVC. В частности, в Web API механизм авторизации полагается преимущественно на JWT-токены. Что такое JWT-токен?

JWT (или JSON Web Token) представляет собой веб-стандарт, который определяет способ передачи данных о пользователе в формате JSON в зашифрованном виде.

JWT-токен состоит из трех частей:

Header – объект JSON, который содержит информацию о типе токена и алгоритме его шифрования

Payload – объект JSON, который содержит данные, нужные для авторизации пользователя

Signature – строка, которая создается с помощью секретного кода, Headera и Payload. Эта строка служит для верификации токена

Для использования JWT-токенов создадим новый проект ASP.NET Core по типу Empty .

Далее добавим в проект папку Models , в которой определим новый класс Person :

Этот класс будет описывать учетные записи пользователей в приложении.

Для работы с JWT-токенами установим через Nuget пакет Microsoft.AspNetCore.Authentication.JwtBearer .

Также добавим в проект специальный класс AuthOptions , который будет описывать ряд свойств, нужных для генерации токена:

Константа ISSUER представляет издателя токена. Здесь можно определить любое название. AUDIENCE представляет потребителя токена – опять же может быть любая строка, но в данном случае указан адрес текущего приложения.

Константа KEY хранит ключ, который будет применяться для создания токена.

Для встраивания функциональности JWT-токенов в конвейер обработки запроса используется компонент JwtBearerAuthenticationMiddleware . Так, изменим класс Startup следующим образом:

Для установки аутентификации с помощью токенов в методе ConfigureServices в вызов services.AddAuthentication передается значение JwtBearerDefaults.AuthenticationScheme . Далее с помощью метода AddJwtBearer() добавляется конфигурация токена.

Для конфигурации токена применяется объект JwtBearerOptions , который позволяет с помощью свойств настроить работу с токеном. В данном случае использованы следующие свойства:

RequireHttpsMetadata : если равно false, то SSL при отправке токена не используется. Однако данный вариант установлен только дя тестирования. В реальном приложении все же лучше использовать передачу данных по протоколу https.

TokenValidationParameters : параметры валидации токена – сложный объект, определяющий, как токен будет валидироваться. Этот объект в свою очередь имеет множество свойств, которые позволяют настроить различные аспекты валидации токена. Но наиболее важные свойства: IssuerSigningKey – ключ безопасности, которым подписывается токен, и ValidateIssuerSigningKey – надо ли валидировать ключ безопасности. Ну и кроме того, можно установить ряд других свойств, таких как нужно ли валидировать издателя и потребителя токена, срок жизни токена, можно установить название claims для ролей и логинов пользователя и т.д.

Теперь мы можем использовать авторизацию на основе токенов. Однако в прокте пока не предусмотрена генерация токенов. По умолчанию в ASP.NET Core отсутствуют встроенные возможности для создания токена. И в данном случае мы можем либо воспользоваться сторонними решениями (например, IdentityServer или OpenIdDict), либо же создать свой механизм. Выберем второй способ.

Создадим в проекте новую папку Controllers и добавим в нее новый контроллер AccountController :

Для упрощения ситуации данные пользователей определены в виде простого списка. Для поиска пользователя в этом списке по логину и паролю определен метод GetIdentity() , который возвращает объект ClaimsIdentity.

Принцип создания ClaimsIdentity здесь тот же, что и при аутентификации с помощью кук: создается набор объектов Claim, которые включают различные данные о пользователе, например, логин, роль и т.д.

Для обработки запроса в контроллере создан метод Token, который сопоставлен с маршрутом “/token”. Этот метод обрабатывает запросы POST и через параметры принимает логин и пароль пользователя.

Сам токен представляет объект JwtSecurityToken , для инициализации которого применяются все те же константы и ключ безопасности, которые определены в классе AuthOptions и которые использовались в классе Startup для настройки JwtBearerAuthenticationMiddleware. Важно, чтобы эти значения совпадали.

С помощью параметра claims: identity.Claims в токен добавляются набор объектов Claim, которые содержат информацию о логине и роли пользователя.

Далее посредством метода JwtSecurityTokenHandler().WriteToken(jwt) создается Json-представление токена. И в конце он сериализуется и отправляет клиенту с помощью метода Json() .

Таким образом генерируется токен.

Для тестирования токена создадим простенький контроллер ValuesController:

И в конце добавим в проект для статических файлов папку wwwroot , а в нее – новый файл index.html :

Первый блок на странице выводит информацию о вошедшем пользователе и ссылку для выхода. Второй блок содержит форму для логина.

После нажатия кнопки на форме логина запрос будет отправляться методом POST на адрес “/token”. Поскольку за обработку запросов по этому маршруту отвечает метод Token контроллера AccountController, по результатам работы которого будет формироваться токен.

Ответом сервера в случае удачной аутентификации будет примерно следующий объект:

Параметр access_token как раз и будет представлять токен доступа. Также в объекте передается дополнительная информация о нике пользователя.

Для того, чтобы в коде js данный токен в дальнейшем был доступен, то он сохраняется в хранилище sessionStorage.

Последние два блока предназначены для отправки запросов к методам ValuesController. Чтобы отправить токен в запросе, нам нужно настроить в запросе заголовок Authorization:

В итоге весь проект будет выглядеть следующим образом:

По ранее сохраненному ключу получаем из хранилища sessionStorage токен и формируем заголовок.

Теперь после получения токена мы можем осуществить запрос к методам контроллера ValuesController:

В то же время если мы попробуем обратиться к тем же методам без токена или с токеном с истекшим сроком, то получим ошибку 401 (Unauthorized).

Open Trading Network Tokens and OTN Coins

Open Trading Network will use OTN coin as an internal currency, and all collateral logic and exchange transactions will depend on it. OTN will build own custom blockchain with OTN coin as it’s vital part.

Exchanges
Livecoin.net
Cryptopia
Coincodex Open Trading Network Price Index, Historical Chart and Market Cap

The OTN token* has demonstrated steady growth for many days in a row. Traded at $1.92 on October 25 th , the token is now priced at above $14.01, a stunning 630% increase. Most cryptocurrencies take months (if not years) to return suchlike results. The OTN token, being an essential part of the Open Trading Network and supported by IQ Option, has a chance of hitting it big much earlier.

The OTN price action demonstrates steady positive trend

The OTN is destined to reshape the cryptocurrency industry forever by connecting separate blockchains into a single network and introducing services for ordinary users, traders and businesses. The token price is tightly connected to the popularity of the Open Trading Network. The more people use it, the more expensive it gets.

Intensive buying pressure can be expected to fuel the growth even further

The token is already traded on livecoin.net and cryptopia.co.nz. Those looking for short-term gains may want to take a look at the article on OTN arbitrage opportunities. The price action, market cap and trading volume of the OTN token can be traced at coinmarketcap.com.

While blockchain is under development, OTN will release tokens of the Ethereum ERC20 standard, which later can be exchanged to OTN coins with one to one ratio.

What is OTN?

Open Trading Network (OTN) is a global cross-chain trading ecosystem which is aimed to give every market participant a range of products to obtain maximum blockchain guarantees and, at the same time, offers full range of comfort instruments at their disposal. OTN is made to integrate all market makers and asset holders through efficient tokenization. OTN is created to provide easy-to-use products for mass-market and interfaces for regulators. OTN is built to be open and unite everyone in a single trading space. In other words, we aim to create an accessible global cross-chain market where everyone is connected and empowered.

Our path is different. We aim to build a product-first solution. This means every step of our roadmap is made for people to try and use immediately. This is possible as we have partnerships with strong market players and already have enough financial support to handle development and marketing.

What is OTN token?

Open Trading Network will use OTN coin as base internal currency, and all collateral logic and exchange transactions will depend on it. This currency will be implemented as part of our custom blockchain. During our advancement to OTN future, we plan to continuously release new products for clients connected to parts of OTN platform as we build them. And that’s why we launch Ethereum ERC20 token – OTN token – which will be used as substitution for OTN coin while blockchain is under development (there will be one to one conversion at the moment of launch). OTN token can be used with available products right away – from the 9th of October IQ Option broker will accept OTN tokens to pay for commission on crypto instruments trading.

The total supply of OTN tokens is fixed. We want to efficiently tokenize all assets inside the trading ecosystem, but also to make it simple and accessible to all market participants by developing additional tools for it.

To speed up the evolution of the network we want to distribute OTN tokens to crypto traders and professional participants who will become active users of the network we are creating.

There will be 100,000,000 OTN tokens released in total, starting October 9, 2020, and users of the IQ Option platform will be among the first to receive them for crypto trading.

Emission plan:

42,000,000 OTN tokens during the following 24 months will go to:

  • 21,000,000 to IQ Option traders as a reward for trading Crypto assets;
  • 5,000,000 to OTN wallet users to attract more crypto traders to the OTN ecosystem;
  • 16,000,000 to OTN token holders, as a reward for holding OTN tokens in order to boost capitalization;

28,000,000 OTN tokens to shareholders and IQ Option team.

30,000,000 OTN tokens remain with the OTN foundation for future distributions and strategic partner engagement.

Token distribution among crypto traders and professional market participants will boost network liquidity and allow OTN project to further evolve the crypto world.

Sign up for important OTN updates https://otn.org

Register on IQ Option HERE.

*IQ Option is a brokerage company and does not provide OTN tokens to clients. All tokens are provided by the OTN foundation. The OTN foundation confirms that it does not sell OTN tokens and that the activity is non- commercial.

OTN: Better than ICO

While financial professionals and traders discuss the volatility of the crypto market, there is another issue everyone seems to ignore. And the problem is the ICO bubble.

All around the world ICO startups, both real and fraudulent, attract multimillion investments with no need to demonstrate the real product prototype, using their white papers as the only proof of ‘unlimited profit potential’. Many ICOs are only motivated by the future profit of their founders and there are no legal guarantees that the funds raised in the crowdfunding will be invested into the project development.

To demonstrate the full transparency of the project, OTN decided to skip the ICO process and fund the product development with the funds belonging to the project and its partner, IQ Option broker .

  • OTN is integrated into the existing IQ Option trading platform with 20 000 000 user base;
  • A team of 550+ professionals with 43% of them being developers is already working on the successful trading platform and will join forces with OTN to evolve the crypto world;
  • Development of the OTN project is sponsored by IQ Option;
  • OTN is a solution for the existing issues of the crypto world. We need no public funding to prove that we are the real thing

What do you think of ICOs, are they a bubble to burst any soon?

How to Trade ICO Tokens: A Beginner’s Guide

For some time now, many people were not so sure whether it was possible to trade ICOs on an exchange; and if they knew at all it was possible for these tokens to be traded on exchanges, others were not certain of how to go about doing so.

And if you’re one of those people, then know that you’re not alone; the ICO sector still remains largely unregulated but even with that, listed tokens fall under the regulatory framework of the respective exchange. This, therefore, means that once an ICO token gets listed on a regulated exchange, they fall under a certain section of the law.

In this post, I will show you how exchanges are used to trade ICO tokens, a few top ICO exchanges, and how to convert your cryptocurrency to USD after trading on an exchange.

How Exchanges are Used to Trade ICO Tokens

For a minute, let’s assume that an ICO has gone through all the stages including creating a white paper, floating it to the community, raised the required funds, and has finally closed the ICO process with the required amount of funds. With all these in place, an ICO is considered successful.

But what happens after? How will the tokens be traded?

Allow me to explain…

After an ICO is closed, the next step is to have the token listed on an exchange. The exchanges may have different listing requirements but the most common ones require standard items such as the coin name, coin symbol, the coin price and quantity, and a few others.

Once all these are provided, the coin gets listed on an exchange. The conclusion of the listing process marks the beginning of the token trading.

Just like cryptocurrencies such as Bitcoin and Ethereum, an ICO token is traded using their names and with certain trading pairs. Consider a token listed in the name of VIC; this token can have trading pairs consisting of Ethereum, Ripple, Bitcoin, and more.

To trade VIC, you select your preferred pair on the exchange; this could be BTC/VIC, or XRP/VIC, and so on.

Take note of the fact that for most exchanges, the only pairs that trade tokens are Ethereum and Bitcoin.

However, it’s never a guarantee that an exchange will list your coin once you’ve raised the required funds. It might take a bit of time to have it listed, depending on how fast you meet the requirement during the token assessment stage; this means that investors might have to sit on their investments for a little while. However, if all the requirements are met, your token should be listed on an exchange within a couple of days; this may vary depending on the exchange you choose.

While holding on to an investment can lead to a decline or an increase in the value of a token, once listed, cryptos have been known to display sharp spikes in prices; this can be a sudden increase or decrease in the price of a token.

It might be prudent to trade on an exchange that has useful trading functionalities such as a “stop loss” to help you cut your losses.

Just like any investment, trading digital assets have a lot of uncertainties; the most important thing is to do your research on the market dynamics and then choose the right token trading platform. Speaking of trading platforms, let’s look at a few good ICO token trading platforms.

Top Token Trading Exchanges

We tried as much as possible to list some of the most credible exchanges; below are three of our best picks:

1. KuCoin

KuCoin is one of the oldest exchanges in the cryptocurrency space; founded in 2020 in Hong Kong, it is

home to more than 210 digital assets, including tokens and cryptos.

But despite being founded nearly 8 years ago, it only opened its doors four years later (in 2020) with an aim of becoming the most preferred exchange for trading digital assets.

KuCoin provides for an easy token listing procedure for new assets; all you have to do is follow the prompted steps and get your coin listed.

KuCoin may not be the best exchange out there but it currently ranks as one of the most diverse trading platforms of all times; but then, what can be more appealing to a trader than a variety of trading pairs to choose from? Also, this means that there will be increased asset liquidity.

You’ll also be happy to know that KuCoin ran one of the most successful ICOs leading to a distribution of 100 million tokens.

2. Binance

Binance passed as one of the world’s largest token trading platforms despite having been around for less than five years.

The exchange moved its base operations to Japan from China after stringent laws were passed by the Chinese government in relation to cryptos.

Since then, the platform has grown its market share to a billion dollar one ($1.3 billion to be precise); this opened up new opportunities for new markets, including Europe, which now has a decent and active membership on the platform.

The platform provides one of the best tools for trading tokens by having successfully distributed 200 million of its own. Just like KuCoin, Binance offers a wide range of trading pairs for the listed tokens to ensure that its user base enjoys a diverse asset listing.

If you’re looking for a mix of variety and affordability of trading fees , then this might be a great platform to consider trading on.

3. Cryptopia

This is another popular cryptocurrency trading platform with its headquarters in New Zealand.

And if you thought you had seen ‘variety’ with the first two exchanges, then wai; more than 400 coins are listed on the Cryptopia platform.

Cryptopia has an easy-to-use platform to improve your trading experience; in addition, converting your digital assets into fiat currency is also provided for.

As mentioned earlier, the platform has a variety of listed tokens including its very own, which are called the CEFS token. The tokens are known to be quite pricey, but for a reason: apparently, other than trading, the tokens generate regular dividends to its owners; awesome, right? At the time of writing this article, CEFS token holders are said to be receiving a periodic dividend of 4.5% of Cryptopia’s revenue.

That notwithstanding, there are numerous other tokens to choose from on the platform.

If you’ve traded your tokens, congratulations; you’re officially a token trader!

But do you know how to exchange cryptocurrency for USD? Or rather, how to sell cryptocurrency in exchange for a fiat currency?

In this next section of this post on how to trade ICO tokens, you will learn how to convert cryptocurrency to USD.

How to Exchange Your Tokens for USD

The first step when looking to exchange your altcoins and ICO tokens into USD is by trading on a platform that actually supports fiat currencies. But unlike cryptos, tokens are not directly convertible to fiat currencies. You may need to use a second exchange to get that done if the one you’re using doesn’t support the exchange.

Also, only a handful of tokens can be exchanged for fiat currencies; but generally, the process varies from one exchange to the other. Here’s what you can expect when converting tokens to USD:

Step 1. Identify a fiat-supporting exchange

Like I said earlier, this is a crucial detail in the whole process; prior to signing up on an exchange, ensure that the supported currencies are in line with your trading goals. If, for instance, you wish to convert your digital assets back to USD after trading, then look out for exchanges that offer exactly that. Lucky for you, all of the three listed exchanges above give you just that.

Step 2. Select a pair that supports your fiat currency

Since tokens cannot be directly traded with fiat currencies, you’ll need to identify a cryptocurrency to use to convert them to USD.

If you prefer using ETH, for example, look out for a conversion pair that has your token and the crypto in question; assume your token name is VIC, then this could be ETH/VIC. With this, you can convert your token into Ethereum.

Step 3. Exchange your altcoin into USD

Once you’ve converted your tokens into the desired cryptocurrency, you can proceed to select the pair containing the USD and the coin you wish to exchange it with. In our case, the pair would be ETH/USD or vice versa.

Next, we’ll follow the prompted steps on the exchange to convert our cryptocurrency into the USD.

You can then withdraw your fiat currency using the available methods; this could be via PayPal, a bank account, or Skrill depending on the exchange.

Final Thoughts

And that is how you trade ICO tokens on an exchange and lastly have your tokens converted to your preferred fiat currency.

The bottom line is that as much as ICO tokens belong in the altcoin family, they are treated a bit differently when it comes to listing, trading, and withdrawing from exchanges.

If you’re used to trading cryptos, you may need to slow down and first learn how tokens work; they are not so different but any slight difference is all it may take for you to make a costly mistake.

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