WE ARE ALTONOMY

Market Making Service

Offering

Updated September 2019

SINGAPORE | NEW YORK | SHENZHEN
Confidential Presentation
Who Are We? Altonomy is a global cryptocurrency trading
firm based out of New York City, Singapore
and China.

We work with the industry’s most prominent token funds, blockchain

projects, crypto exchanges, wallet providers, and a multitude of other
service providers. With careers spanning decades in both the traditional
financial markets and cryptocurrency trading, our team utilizes state-of-
the-art quantitative capabilities and technology infrastructure, along with
deep industry experiences to provide best-in-class institutional services to
our partners.
 Altonomy is a global professional team of 30+ traders,
Our Team quantitative strategists, developers, and technologists from the world’s top
investment banks, hedge funds, and high-frequency trading firms. We have
decades of combined experience in systematic market making, high-frequency
trading, quantitative strategies, and electronic trading.
Market making

Program Overview

● Token economics assessment, token price modeling

● Liquidity provisioning, trade volume facilitation, token price support, capital
Designated Market Making deposit portfolio management
● Algorithmic & discretionary trading
● 24/7 coverage

● Exchange listing advisory & introductions

○ Exchange landscaping, listing mechanisms and recent listing cases
sharing, fees benchmarking
Advisory Service
○ Listing pipeline optimization and management
○ Exchange communication & negotiation facilitation
● Trading oriented community strategies advisory
SECTION TITLE

Why Work with Us

Traditional
Exchange Market
Advantages Altonomy Financial Market
Making Teams
Players

Market leader with proven track record of partnerships with 80+ token issuers
half of which ranked in top 200 in market capitalization

24/7 coverage from a global team with deep crypto macro market experience

Comprehensive exchange listing advisory & market insights

Trading on over 50 exchanges with established relationships

Proprietary quant strategies tailored for varying token trading dynamics

Full transparency & protection of client’s interest

Market making

Services & Pricing Scheme

Capital Pool Initial Upside

Service Scope Monthly Fee
Deposit* Sharing**

● 3-month contract minimum ● Roughly 20-30% of

● Liquidity
● Discounts offered for longer term total initial
● Volume
contracts circulating supply
Aftermarket Services ● Price support 50/50
● Payment in BTC/ETH/USDT ● Additional funding
● Capital pool portfolio
● Partial payment in client’s native support (if any) to
management
token is acceptable in instances be agreed by client

● Tokenomics diagnosis
● Exchange advisory and
Advisory Services listing strategies No additional cost with purchase of Aftermarket Services
● Trading-oriented
community strategies

* Client maintains full ownership and custody of capital deposits in all exchange accounts. Funds will be traded by Altonomy via API keys, while orders and trades information remained fully transparent
to client

** Upside sharing, based on appreciation in the notional BTC value of the capital pool will be split 50/50 for Altonomy and client respectively. Appreciation in the notional BTC value of the capital pool
can be achieved either through token price appreciates relative to BTC through effective trades handlings which increase the quantity of BTC and/or tokens from the original pool
M a r k et M a king n Liquidity Explained: 8 – 11

Appendix n Token Economics Assessment: 12

n Market Making Case Studies: 13 - 14

 Market Making

Liquidity = Necessity

Liquidity is the degree to which an asset can be

quickly bought or sold in the marketplace at a
price reflecting its intrinsic value. Without
500 liquidity, investor sentiment wanes and leads to
extremely volatile swings in token price.
Buy Order Sell Order
Market’s Market’s
Quantity of Token

willingness to willingness to sell

Liquidity affirms investor sentiment by indicating that one
purchase can buy and sell tokens without fear of significantly
impacting the market
250
Spot Price
This leads to increased market participation
BIDS ASKS

0
$0 $100 $200
Price of Token
Market Making

Life Without Liquidity

High vs Low Liquidity Liquidity Support vs No Support

n As such, liquidity mitigates
volatility

n Strong order books encourage

healthy price appreciation

n Proven liquidity and market

participation leads to natural
growth in trade volume and
investors
Market Making

Liquidity Creates Liquidity

Stage 1 Stage 2

Market makers create liquidity which This reduced impact and more efficient
reduces the impact of buys and sells on pricing attracts market participants
the marketplace

Stage 4 Stage 3

More natural trading volume energizes Other exchanges see the high trading
market makers to create more liquidity activity which often leads to the listing
which leads to even better pricing (and of the token on said exchanges
in turn, more active participants)
 Market Making

Issues & Solutions

Listing Strategy Consideration Post-Listing Maintenance

Key Issues

● Long queuing time of reviewing process ● Poor liquidity management that discourages new market
● Difficult and opaque negotiation participants and drives down token price
● Exchange-specific listing requirements ● No depth support or protection of investor interest
● Constantly changing liquidity among exchanges ● Inability to meet exchange requirements → de-listing

● Latest insights on criteria to accelerate listing review ● Build deep two-way liquidity across listing exchanges to foster
Our Solutions

● Evaluate token dynamics to prioritize listing across a healthy order book and incentivize new market participants
differing exchanges ● Drive key performance indicators, such as average 24-hour
● Assess application case in response to exchange inquiries trade volume, bid/ask spread, and order book depth, used by
regarding depth, volume, and support many exchanges to evaluate new listings
Market Making

Proprietary Token Economics Assessment

Diagnostic
Questionnaire Roadmap
Assessment
Our quantitative team will send The team will run numerous test ● Optimal exchange(s)
you a questionnaire regarding simulations based on your responses ● Optimal fee
and factors such as:
your project, token, and goals benchmarking
to best formulate a strategy ● Listing pipeline
● Market sentiment (current
going forward and projected at time of planning

listing) ● Market making

● Similar projects/coins (liquidity) needs

● Target audience (region, ● Price targets

exchange, etc)
● Risk tolerance
 Market Making

Case Study - Token A

To prevent retail buyers from

getting overly excited by the When large selling pressure presented itself, we allowed it to
price increase, we capped the take hold until a discretionarily appropriate level was
daily increase from 2% to 4% reached. Then, we bought back in at a lower price to sustain
for a week the optimal price
TOKEN PRICE

Event-driven strategy
adopted after the initial
Tight spreads were
listing
maintained to minimize
slippage

TIME
Initial lock-ups 60%
Overall market BTC price has rebounded from $3,300
to stay above the key $3,600 level. Opening Price 1.15x the ICO price

Meanwhile, Facebook, Fidelity, and JP Morgan have

Macro Market Status Trading Volume on Day 1
all reportedly been working on stablecoins and $382,181
crypto-trade execution ventures. These headlines
have sent positive signals to the market which have
resulted in an influx of new retail participants.
 Market Making

Case Study - Token B

Token price was lifted healthily post new listing.

ETH pair surged 5x and finally stabilized around
3.5x from main-net launch

A quick sharp dip was necessary to

TOKEN PRICE

release the initial selling pressure

from profit taking

A lasting gentle consolidation was adopted for

the needs of exchange of hands

TIME
Initial lock-ups 82.6%
Bitcoin was trading above $6,000, touching the $5,800
support level three times. However, the ICO and Opening Price 2.3x the ICO price
overall listing market sentiment have lagged due to
BTC’s notable volatility. Trading Volume on Day 1
Macro Market Status $249.295
Nearly all altcoins are trading at all-time lows, in terms
of fiat currency value. The market appears to be
focused on Bitcoin. As such, we are seeing a growing
trend of selling off alt-coins into BTC.
WE ARE ALTONOMY

Market Making Service

Offering

Updated September 2019

SINGAPORE | NEW YORK | SHENZHEN
Confidential Presentation