Ben Bilski, founder and former CEO of Naga Group, has launched a new Crypto Trading platform called True Trading.
According to a Bilski’s announcement on LinkedIn, distributed exchanges incorporate a “trainable” artificial intelligence engine, built on a Layer 2 protocol using the Solana blockchain.
AI Features and Automation
According to its official website, True Trading is a decentralized exchange of AI-Native. The platform has an integrated, large-scale language model designed to improve over time by analyzing user interaction, transactions and market data. We aim to streamline the user experience by automating tasks such as risk management, KYC and payment flow.
True transactions reportedly use smart contracts for all trade enforcement. This means that users always have control over their funds. This design eliminates custody risks and allows for transparency as all liquidity is sourced from public safes and is tracked by chains.
The platform runs on its own Layer 2 infrastructure powered by Solana, allowing for fast transaction processing and cost reductions. According to company disclosures, True Trading Corp is built into Panama.
Trading functions
True trading offers several Defi trading features, including: This includes permanent on-chain contracts, copy trading of high-performance strategies, and yield revenue from smart contract-based investment strategies. The platform does not promote the trading of regulated securities and does not act as a broker, financial intermediary, or custodian.
The platform is currently in its pre-release phase and accepts early users. The company has yet to disclose the full launch date or details on governance or talknomics.
In March, Bilski announced plans to launch a new cryptocurrency trading platform to address the inefficiency of the digital asset market. After his departure from Naga after the acquisition by Capex.com, Bilski turned his attention to what he described as a fundamental flaw in the operation of Crypto Markets.
In a LinkedIn post, he said he identified two features that are often criticized for their lack of transparency and centralization, particularly in market establishment and providing liquidity.
“After years of expanding businesses from scratch to IPOs at Crypto (since 2014), and running large projects, I took a step back and assessed spatial imbalances and opportunities.
The platform is expected to run on an independent blockchain optimized for scale and features AI-powered trading experiences, social investment tools and a democratized liquidity pool.
