CRYPTOKNOWMICS

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Cryptocurrencies are currently (2019) capitalized at a value of around 175 billion USD, which is fall compared to their records of highs of over 800 billion USD by January 2018. However, the industry is expected to experience growth in trading volumes in 2019.

For instance, studies show that in the United States, the trading volume of cryptocurrencies will surpass the trading volume of co-operating debt market in 2019. Even more significantly, the trend shows that crypto trading volume is expected to reach 10% of the equity trading volume in the United States, the world’s largest economy and home to the world’s biggest stock market. Crypto prices are now following a slow but steady rise since January this year (2019) with Bitcoin’s value increasing by over 25% from its bottom in December 2018 to April 2019.

PROBLEM.
There is no denying that cryptocurrencies have captured the general public’s interest, and fast since they are quickly becoming common in daily transactions. With this rising popularity, the mass requires crypto news and crypto-related products and services. There are numerous crypto-related websites and media all over the internet, but the issue is almost all of these media are specialized in one or few aspects of the crypto space. As a result, users have to look for information from different sources to satisfy their curiosity as there is no single reliable platform that can serve the needs of almost any crypto market segment effectively. This challenges crypto products/service promoters in reaching out to the mass market unless they carry out expensive campaigns.

The cryptocurrency market is more volatile and open compared the stock market trading. The consumers and investors have to depend on multiple different channels to find and obtain dependable information like news sites, announcements, exchanges, social media, and search engines. This market gained a lot of comeback public attention after the prices of Bitcoin and other cryptocurrencies rose in the recent past. As a result, the number of crypto-related websites and online content increased swiftly with this resurgence, but one thing that is lacking is a trustworthy platform that is specialized in the crypto industry, and that cover almost all aspects of it with impartial and curated information.

SOLUTION

There, however, is a solution to this issue, which is Cryptoknowmics. The development team is creating a decentralized all-in-one platform that covers nearly every aspect of the crypto space, making it the go-to source of reliable information and services for the crypto industry. It is like a wall street journal for the crypto world with numerous additional features. The innovation of this platform lies in the content strategy where the users are issued with incentives for almost every single action they undertake within the platform.

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CONCLUSION
Numerous platforms are on the spotlight for different market segments of the crypto space like crypto news, forums, exchanges, etc. They are however not comparable to Cryptoknowmics as the platform achieves its competitive advantage by offering a very wide scope of services to the crypto enthusiasts, all on a single platform compared to their other competitors who are famous for just one or few segments of this growing industry.

Team