Technological advancements and revolutions have introduced so many innovative creations and inventions, which has enhanced the lives of millions in no small way. One of the innovations that accompanied the radical change in the internet is the invention of cryptocurrencies, since its invention people who understand the promises it brings have been investing in it and reaping rewards. Investment is defined as the placement of capital in expectation of profit or dividend from its use, though cryptocurrencies hold good promises, people are still afraid to invest in it, due to fear of been defrauded, this has been the major challenge facing cryptocurrency investors. One way to invest into failure is to invest using the wrong information, to help bring an end to this persistent problems and challenges facing cryptocurrency investors, the CoinFi Platform was established. To launch a platform that will be there for investors, giving them the right and accurate information they need to invest rightly in cryptocurrency.
ABOUT COINFI
CoinFi is a decentralized market intelligence platform for the upcoming generation of crypto investors and traders. CoinFi makes use of too many techniques to provide investors and traders with the information they need to get an edge. Various method of information collation is used, which includes an in-house and crowdsourced analyst research, trading signals and algorithms, these techniques cover specific cryptocurrencies as well as the overall crypto industry. The fast-growing world of cryptocurrencies, markets, businesses, and derivatives establishes an extremely large and difficult-to-navigate universe of data that makes it stressful and time-consuming for both existing and new investors to get access to the information they need to make intelligent decisions within the ongoing system.
Crypto investors like Bloomberg or Thomson Reuters in equities lack intelligence platforms-and today CoinFi is here to create that platform. CoinFi is building a large database of proprietary inputs and signals designed from their experience in the hedge fund space and will use their own experience in quantitative trading to adjust the parameters and levers of these inputs, to come up with optimal alerts in the cryptocurrency market, with the existing infrastructure in place,the next stage will be to curate and scale out the crowdsourcing of signals to rapidly broaden the database.
PROBLEMS
- Discovering Relevant and Quality information: investors are not able to get access to good quality information, and these most times leads to poor investment. Not being able to get answers to questions asked by investors, questions like :
- What the coin does, the technology behind it and what solutions does it provide?
- Based on history, what news promoted the wide price mobility in the coin?
- What is the history, track record, integrity of the team managing the coin?
- What quality does the development team possess?
- How many coins were sold at ICO and the costs?
- What the unfolding schedule of development releases and company announcements to be expected
- Real-time Access to Market Impacting news: an inability on the part of investors to access news of great impact in the cryptocurrency market is a very big challenge
- Detecting Abnormal Market Conditions: most investors get affected by this factor, simply because they were not able on time to note abnormalities in the market, they fall, victims,
- Inability to Obtain the best price execution: bad information leads to bad investment, and if investors are not able to obtain the best price execution, they might end up making choices that will have a negative effect on their investment.
SOLUTIONS
- CoinFi features the crowdsource and curated real-time news database: this helps users or coin holders to track, monitor and analyze real-time crypto news following price charts in a way that is not obtainable with existing
- Storing and displaying historical news that has an effect on price movement
- Provides comprehensive real-time and historical news coverage about any given cryptocurrency, specifically for long-tail alternative coins and ICO.
- Selecting news stories based on their importance, category, or recency, thereby enabling investors to make accurate and intelligent decisions.
SIGNAL
A signal comes with a variety of inputs, these includes but is not limited to :
- Current bid sizes and offers in the market versus the average historical size
- Price volatility
- Price momentum
- Canceling of large/bids and offers
- Volume acceleration
- The ratio of volume traded in a bid or offer.
There's what we call, the whale trading, in hawk trading, there exists some very common inputs that together, analyzed INA quantitative model, form a very strong signal of whale activity.
SUMMARY
One way to fully utilization money effectively is in investing. Investors in the cryptocurrency market, especially those who are still new to it need proper guidance so that they can invest aright, the challenges crypto investors face is lack of accurate and quality information, to enable them to make right investment decisions. Those dark days are over as CoinFi has through its team of experts, provided an enabling environment for investors get access to accurate information to enable proper investment decisions.
TEAM
ROADMAP
Confi official links
https://www.coinfi.com/
https://twitter.com/coin_fi
https://github.com/coinfi
https://www.facebook.com/CoinFiProject/
https://itunes.apple.com/hk/podcast/coinfi-podcast-conversations-about-crypto-finance-bitcoin/id1409331896?l=en&mt=2#
Writer: bl3zzy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1328702