January 2016

Payment technology entrepreneur Ephi Zlotnitsky sells his stake in iControl Data Solutions, a SaaS provider of B2B payments and analytics software that processes over $1B dollars in payments each year, to Goldman Sachs in order to pursue his passion for blockchain technology.

May 2016

Zlotnitsky is searching for the next Fintech frontier that is ripe for disruption. He quickly identifies the inefficiencies and complexities inherent in the Securities and Commodities trading workflows, arising from these workflows dependency on multiple disjointed ledgers.

June 2016

Zlotnitsky commences a deep-dive review of the applications (and limitations) of blockchain and its distributed ledger technology, specifically smart contracts, in the financial services space.

July 2016

Zlotnitsky explores the possibility of creating a free peer-to-peer trading platform.

October 2016

After months researching the business models and applications of Exchanges, Clearing houses, Brokers, and Transfer agents in the securities and commodities marketplaces, Zlotnitsky teams up with a group of experts in this field to build LucidExchange.

November 2016

Zlotnitsky and his team found LucidExchange. Proof of concept development commences.

December 2016

Alexei Silverman (J.D. Harvard Law) is added to the team to ensure regulatory compliance.

January 2017

Proprietary algorithms and process flow are mapped out and ready for development.

March 2017

Proprietary algorithms and technology are developed. The team begins beta testing.

May 2017

The team initiates web design and the construction of marketing materials.

June 2017

Beta testing is successfully completed. Development continues to improve the platform and refine the end-user experience.

August-September 2017

Legal research, Website, and marketing documents are finalized. NYU Law Professor Shadab, and Professor Samid, a thought leader and a world-renowned innovator in the field of cryptocurrencies are joining the team. LucidExchange prepares to launch a full force marketing effort to market its upcoming ETS (Early Token Sales).

Sometime between Dec 2017-Jan 2018

Early Token Sales (ETS) is launched.

December 2017

LucidExchange starts the filing process for registration with the Commodity Futures Trading Commission.

Q1 2018

Lucid finishes the proprietary trading platform. Awaits registration with the CFTC to commence trading.

Q2 2018

Lucid anticipates the successful completion of registration with the Commodity Trading Futures Commission. LucidExchange is opened for cost-free trading. Our website is monitored and altered to ensure a modern design and user-friendly interface. Our system is constantly tweaked to ensure the tightest spreads and maximum liquidity in the marketplace.

Q3/4 2018

LucidExchange’s standalone mobile platform is fully developed. The team strategies to deliver a superior trading alternative, positioning the company for long-term success.