Sonata.ai — crypto exchange with long-term profit

Website: https://www.sonata.ai/

Sonata is cryptoexchange was created in cooperation with experienced exchange brokers and Forex analytics.

Product is built with security as the highest priority. All coins are securely stored on cutting-edge hardware wallets. The user-friendly interface of Sonata is fine-tuned for beginners and skilled brokers alike. It is packed with advanced functionality, including custom AI price prediction. Use the full potential of chat rooms on the platform and learn directly from expert brokers.

Security

The main concern of any rationally thinking investor must be the safety of a given service. Provide multiple security layers, including unmatched server-side security, hardware wallet storage and premium protection against phishing and DDoS attacks. Have learned from the best and will secure your investment no matter what.

Are still in process of testing all possible security measures, but have already created a basic set of rules for the exchange. The set includes, but is not limited to, the following:

• Strict internal security processes, risk and vulnerability management
• Certified data center that meets the highest security standards – ISO 27001, SOC 1 and
• SOC 2/SSAE 16/ISAE 3402, PCI Level 1, Sarbanes-Oxley (SOX), FISMA Moderate
• Port scanning
• An isolated database environment
• Individual microservices, communication via an encrypted protocol
• 90%+ test coverage
• Regular test-first updates of all used dependencies
• Secure communication over IPsec (Internet Protocol security)
• SQL injection protection
• EV SSL certificate
• SSL/HTTPS + HSTS
• Cross-site scripting protection (XSS)
• Cross-site request forgery protection (CSRF)
• High efficiency DDoS protection
• Spoofing and sniffing protection
• IP address blacklist
• Strong password policy with two-factor authentication (SMS verification, GoogleAuthenticator)
• All passwords and keys will be stored using modern hashes (Argon2i, bcrypt, scrypt or PBKDF2)
• Cryptography – do not use MD5, SHA-2 or similar hash functions that could meanpotential security vulnerability of the system. All sensitive data will be encrypted usingAES-256 encryption.
• Private keys stored on multiple cryptocurrency wallets. The wallets will begeographically separate, so that compromise of one wallet will not endanger all keys.

Transaction fees

Although it may seem counterintuitive, will offer lower fees than most of the competition Fees will probably not be the lowest, but will maintain them at a competitive level. It is obvious that the SONT token holders would prefer the highest possible fees. Believe that it is crucial to attract large group of traders who will actually use the exchange and provide high liquidity, thus attracting more users to join. Fees are one of the criteria certain users will build their decision on, especially on the entry level.
Finding the “sweet spot” between low fees for the active users and rewarding payments for thetoken holders is one of the challenges Sonata has to solve continuously.

You can find the expected fees for the transaction and withdrawal below:

Are planning to add other coins and tokens based on the volume trading and internal audit, so the system liquidity is ensured. Are expecting listing the major cryptocurrencies (Tether, EOS and Bitcoin CASH) in the first wave. Newly added assets will be announced in advance before they appear on Sonata.

User Interface

Conducted in-depth interviews with exchange experts and the results have shown that everyuser has different needs and likes different things when it comes to the user interface. Therefore, decided to make default interface based on the most common usage patterns. Designers have spent hours analyzing the user experience of professional brokers to build a truly distraction free interface. Aim to fulfill the needs of the majority of users.
However, plan an addition of customizable user interface to suit the needs of all of clients.

Mobile apps

Sonata is not a single application, but a whole ecosystem. Although consider the web-based application as its core, the mobile application is not of any less importance. The mobile experience is a carefully planned part of the overall user experience and unlike what you might have seen in other cases, it is not just a smaller version of the core application. Mobile apps will provide all the basic features of the web exchange, portfolio overview, current income from SONT and also advanced notifications settings. Sonata will be available as a native app, both for Android and iOS.

Margin trading

Margin (also leverage) trading is an expert tool used to level up the order income. On the other hand, this highly requested functionality can represent a high-risk scenario for the lender and the exchange if not “done right”. It is quite difficult to master the right algorithm for pairing the lender with the buyer and that is one of the reasons, why the feature is not as common as it might be. Aware that margin trading is regulated or even restricted in certain countries. The platform will allow restriction of certain functions for specific countries, thus effectively providing the needed flexibility.

All coins and tokens in one place

Some exchanges do not offer small tokens because these tokens have low liquidity and not everyone is interested in buying them. However, there is a high demand for exchanges with a wide portfolio of tokens of different values. That is why Sonata will offer the majority of important tradeable tokens.
It is probable that will add tokens and coins gradually/one by one, so not all of them will be available at the launch of the first version. The key trading pairs included at the launch will be: Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).

AI algorithms predicting price trends

Sonata will use a real-time market data and advanced AI algorithm to predict future price trends.
Confident to deliver a very precise prediction model built by artificial neural network (Long short-term memory). The algorithm is consulted with AI experts who have already created a working model of short-term prediction for gold spot price.
AI prediction can by no means be seen as the only instrument for informed investment decisions, but it can be a very helpful starting tool for beginners in the field.

Bot-friendly API

Sonata will support all kinds of traders. Traders who prefer carefully planned long-term strategies can take advantage of bot-friendly, well documented API. You will be able to customize your own notifications, trading orders, limits and much more.

Sonata Token (SONT)

Sonata token (SONT) is based on Ethereum blockchain system and is standard ERC20 compliant. During the ICO period will offer 250,000,000 tokens out of total 500,000,000. Sale will start on October 8, 2018.

Token sale

Plan to divide the token sale into several stages, rewarding early adopters with the highest bonus rate. The token sale will not be limited by time, as is common for other ICOs, but by the amount of tokens. Once the tokens are sold, there will be no other chance to buy them with the given bonus. To keep the price of SONT steady, Sonata will lockout its tokens and will release them in regulated quantities, always in a given period of time

!

Phases of the sale are as follows:

System of rewards for investors

Want to reward the community of investors and therefore, 80 % of all Sonata’s exchange fees is redistributed backto them. If you participate in coin offering, you can generate passive income from the exchange fees. The earnings are redistributed every month and your current revenue is displayed in your user profile.
Every user can freely transfer the tokens, send them to his wallet outside of the exchange or invest further. Investors are thus granted a transparent and easy-to-track system of rewards.

Estimated payback period

Estimation of payback period is directly dependent on daily exchange volume of Sonata.

Roadmap

Q2 2015
First cryptocurrency investments. Ssearching for a single exchange platform that would fulfil all expectations. Fail to find one.

Q3 2015
Enjoy cryptocurrency trading and see enormous potential in this branch. Thinking about ways to enter the cryptocurrency market with a new product.

Q4 2016
The idea is born: Sonata will become a cryptocurrency platform designed for exchange, trading, P2P lending and maybe even more.

Q3 2017
Set up a team of designers, developers, marketers and specialists in the field of
exchange market analysis.

Q1 2018
Create a simple currency exchange aimed for the Czech market: SonataCoin.com.
There is a lot of potential for a new full-fledged exchange and the team agrees to start the development of such a service.

Q2 2018
The team laid the groundwork for Sonata.ai. Have a chance to meet with partners and advisers who are as enthusiastic.

Q3 2018
The first internal version of the exchange. The AI for price prediction is consulted with AI experts and can see the first results of short-term predictions.

Q4 2018
The public sale of SONT tokens is launched. Investment will be beneficial for investors thanks to smart payment mechanism. The mechanism pays out 80 percent of trade fees back to holders.

Q1 2019
The sale of SONT tokens is closed. Expanding team of developers and other specialists focusing on different tasks in order to innovate and upgrade the platform.

Q2 2019
The first public beta version of exchange platform is released. Holders of tokens are given the opportunity to be the first ones to try using it.

Q3 2019
Focusing on further development and testing of platform and upgrading mobile applications. The first batch of altcoins is listed.

Q4 2019
The first versions of mobile apps for Android and iOS are released to public. Publicly testing AI price prediction.

Q1 2020
The exchange application is continuously upgraded. Implementing own AI prediction of cryptocurrency prices. A large number of altcoins is listed.

Q2 2020
Expect almost 200,000 active users and the average daily trading volume of roughly $300,000,000.

Q3 2020
Public listing of altcoins and other tokens. Listing of SONT tokens expanded to other exchange markets.

Links:

Website: https://www.sonata.ai
Whitepaper: https://sonata.ai/documents/whitepaper-en.pdf
Facebook: https://www.facebook.com/sonata.cryptoexchange/
Telegram: https://t.me/joinchat/IwX6Zg-NhB3cJK1hPfbzVw
Twitter: https://twitter.com/Sonata_ai
Medium: https://medium.com/@sonata_exchange
Youtube: https://www.youtube.com/channel/UClGMr5_1zktOxmOdd9mUq5A
Reddit: https://www.reddit.com/user/Sonata-ai
Linkedin: https://www.linkedin.com/company/sonata-ai/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5048214.msg46750908#msg46750908

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