Initial Consultation and Planning: This phase involves assessing the business's needs and planning the deployment strategy to align with its objectives.
System Integration: TRADO would need to be integrated with existing systems such as ERP, CRM, and possibly other financial platforms to ensure smooth data flow and operational efficiency.
Customization and Configuration: Depending on the business requirements, TRADO may need customization to fit specific workflows or processes.
Testing: Before going live, thorough testing is conducted to ensure all features work as intended and that there are no security vulnerabilities.
Training and Support: Training sessions for staff are essential to ensure they are proficient in using the new system. Ongoing support is also provided to address any issues that arise post-deployment.
Integration with Existing Systems: TRADO supports integration with various systems, such as ERP and CRM, which allows businesses to customize how the software interacts with their existing infrastructure. This integration capability ensures that TRADO can be tailored to fit specific operational workflows and business processes
Flexible Trading Environment: TRADO offers a flexible trading environment with dual trading modes—AMM and order book—which can cater to different trading strategies. This flexibility allows users to customize their trading approach based on their experience level and market conditions
On-Chain Composability: The platform's design emphasizes on-chain composability, enabling users to customize liquidity management strategies through features like the Discretized-Liquidity-AMM model. This allows for precise control over liquidity and trading strategies, enhancing capital efficiency
Setup Fees: These are often one-time charges incurred during the initial implementation of the software. They can cover installation, configuration, and any necessary customization to align the software with the business's specific needs.
Maintenance Fees: These are recurring costs that ensure the software remains up-to-date and functional. Maintenance fees might include updates, patches, and minor upgrades to keep the system running smoothly.
Support Charges: Depending on the level of support required, there may be additional charges for technical support services. This could include access to a support portal for ticketing issues, telephone support, and remote assistance.
Training and Onboarding: There might be costs associated with training staff to use the new software effectively. This can include online tutorials, workshops, or personalized training sessions.
Tailored Training Plans: TRADO provides customized training plans that cater to the specific needs of users within an organization. This includes fundamental training, role-specific sessions, and the option to mix and match courses to suit individual requirements
Introductory and Advanced Learning: The training covers both basic and advanced topics, ensuring users can progress from installation and upgrades to mastering best practices and daily tasks
Classroom and Self-Paced E-Learning: Users can choose between traditional classroom settings or self-paced online courses, providing flexibility in how they learn
On-Chain Security Protocols: TRADO operates as an on-chain platform, which enhances security by leveraging blockchain technology. This setup ensures that all transactions and data are recorded on the blockchain, providing transparency and immutability.
Decentralized Framework: By functioning within a decentralized framework, TRADO reduces the risks associated with centralized points of failure. This decentralization helps protect against data breaches and unauthorized access.
Self-Custody: Users maintain control over their assets through self-custody, minimizing the risk of asset loss due to third-party custody failures.
Regular Updates: Software platforms often release updates regularly to improve functionality, enhance security, and introduce new features. These updates can be scheduled monthly, quarterly, or as needed based on the platform's development cycle and user feedback.
Version Upgrades: Major version upgrades might be released annually or biannually, providing significant new features and improvements.
Patch Management: Security patches and minor bug fixes are usually released more frequently to address any vulnerabilities or issues that arise between major updates.
User Notifications: Users are typically notified of upcoming updates through email, in-app notifications, or a dedicated update portal. This ensures that users can prepare for any changes and understand the benefits of the new release.
Data Ownership: Users typically retain ownership of the data they generate on the platform. This means that any personal or business data inputted into the system remains the property of the user.
Modular Architecture: Platforms are often built with a modular architecture that allows businesses to add or remove features as needed, making it easier to scale up or down.
Cloud-Based Solutions: Many modern platforms leverage cloud technology, which inherently supports scalability. This allows businesses to adjust their usage and resources dynamically without significant infrastructure changes.
Subscription Models: Flexible subscription plans can enable organizations to scale their usage based on current needs, allowing them to upgrade for more features or downgrade if fewer resources are required.
Customizable Configurations: Businesses can often customize configurations and integrations to better align with their operational scale, ensuring that the platform grows alongside the organization.
Automatic Renewal Clauses: Contracts often include automatic renewal clauses, where the agreement renews for an additional term unless either party provides a written termination notice within a specified period before the current term expires. This period is typically 30 to 60 days prior to renewal
Cancellation Policy: The cancellation process should be straightforward, allowing users to terminate the contract without excessive penalties or complications. This often involves providing written notice within the designated timeframe
Notification Requirements: Service providers are generally required to notify users about upcoming renewals and any changes in terms or pricing. This notification is usually given 30 to 60 days before the renewal date, ensuring that users have ample time to decide whether to continue or cancel the service
Cooling-Off Period: Some contracts may offer a cooling-off period, allowing users to cancel shortly after signing up without incurring penalties. This period typically lasts 14 days
ISO 27001: This standard specifies the requirements for establishing, implementing, maintaining, and continually improving an information security management system (ISMS).
GDPR: The General Data Protection Regulation is a regulation in EU law on data protection and privacy in the European Union and the European Economic Area.
