Redot is an EU-regulated digital asset exchange, which launched in May 2019. The platform was founded by veterans of the finance and crypto industry, promises 24/7 constant uptime, institutional HFT (300K TPS) trading, features FIX 4.4/5.0 and RESTFUL API, customizable widget-based desktop interface and mobile apps as well as advanced order types. Redot conducts monthly audits, maintains nearly all assets in cold storage, and has state-of-the-art security featuring withdrawal protection, 2FA, and U2F. Redot has some of the lowest commissions in the industry and includes rebates for market makers.
Estonia-licensed platform, Redot was developed to meet stringent requirements of professional traders but is suited to traders and investors of all types. Benefits of the platform include full compliance with EU law, commission rebates, managed custody solution with M of N signatories per SLA, as well as other innovative features such as staking of Ethereum 2 with subsequent availability to trade ETH2 vs ETH. Redot is constantly developing with soon-to-be rolled out REPO (repurchase agreement) interest and derivatives (European style cash-settled options, expiring futures & perpetual futures) trading.
Redot holds ISO certifications in Information Security Management Systems (27001:2013), and Quality Management Systems (9001:2015) with scope for a wide range of activities as well as a license for a full range of crypto custody and crypto exchange activities from Estonian FIU.
The company started the project after the members of the Atlant community faced the problem of transactions in ATL tokens, so the company allowed the exchange to use the software stack of the company. The platform in its turn listed the ATL trading pairs. Both companies continue working together trying to resolve the issues relevant for ATL holders. They are concerned about such spheres as liquidity and transparency.
The ATL tokens, which are ERC-20 tokens, represent shares in individual real estate assets and their liquid trading. The users received ATP tokens during that pre-sale which were then converted to ATL tokens at a rate of 1ATP:2ATL. The cost of 1 ETH was 1010 ATL at that time making the interest in the project even higher. The company raised 6.5 million USD during the ISO. The cryptocurrency has a hard cap with a maximum supply of 225,403 ETH.
It should also be mentioned that Atlant has decided to swap its tokens into two separate instances and call them KARTA and UVAS after the names of their projects mentioned above (BnB marketplace and tokenized securities exchange) thus upgrading their utility tokens and adding new features to them. In this way, the tokens became entirely recoverable. The swapped tokens will represent one of the projects in the future, while ATL represented both. The Redot exchange was launched to strengthen the ecosystem of the companies supported by the Atlant Group.
The company uses a ready-made scheme which was employed in the projects mentioned above and employs the same developments to grow and upgrade the project.
The service was created to cater to the needs of institutional investors therefore a high transaction throughput is critically important for the resource. Redot offers 300K TPS for its users and flawless FIX API connectivity to inform their users of changes fast. The platform is designed to enable easy customization of UI widgets and advanced types of orders for traders.
The underlying technical infrastructure was developed by the ATLANT development team, so all project operations are conducted by running ATLANT node software. The official website with a robust architecture promises 100% global uptime. The company has prepared redundant infrastructure as a means of failover protection.
Redot fees and other financial details
Redot users can top up their accounts using crypto, bank transfer, credit/debit cards, and even gift cards. There are maker rebates and taker fees of -0.05% and 0.15% respectively across all tradable pairs. Deposits are free and withdrawal fees are some of the lowest across most exchanges. Traders can earn by attracting new users to the platform via a referral program which currently pays out 70% of referee commissions.
Redot security and support
Redot has multiple levels of security which include two-factor authentication, withdrawal protection, U2F, and the entire exchange is designed to be fault-tolerant with embedded redundant infrastructure designed to withstand multiple simultaneous server crashes and maintain around-the-clock trading.
Redot has responsive support which is available 24/7 with technical experts ready to provide assistance and resolve customers’ problems in a rapid manner.
Redot holds ISO certifications in Information Security Management Systems (27001:2013), and Quality Management Systems (9001:2015) with scope for a wide range of activities as well as a license for full range of crypto custody and crypto exchange activities from Estonian FIU.
The Director and CO of the exchange is Tomas Drobny, who has a substantial background both in finance and technology throughout his career. Redot also has a 20 person development team hard at work to make it one of the best exchanges following stringent requirements of professional traders but is suited to traders and investors of all types.