Hello my viewers, I just got discovered a new ico which will hit me interested and I would like you to discuss and review its place in the blockchain industry and which comprises of experienced teams.. Check it out readers....
Disrupting the $85 trillion opaque global investment funds industry with a transparent blockchain marketplace DAO on SuperDEX infrastructure. CoTrader to become the world’s largest investment funds and trading marketplace by democratizing, decentralizing, and disrupting the archaic and opaque $85 trillion global funds and trading industries with the transparency, security and power of the blockchain. CoTrader’s MVP already supports cryptos and ICO futures live and onchain on the testnet.
The problem is that investing in cryptos and ICOs can be very complicated and time consuming. Most people lack the time and resources to do it properly and instead may even lose money in bull markets on bad projects with emotional or hasty trading. Investors are overwhelmed by the 1000s of cryptos and ongoing ICO projects. Even spending 24 hours per day wouldn’t be enough time for seasoned investors with deep technical, investing and other skills to properly assess the entire crypto market.
CoTrader solves the complexity problems of investing, starting with cryptos, ICOs and ICO presales. CoTrader therefore supports any tokenized assets such as real-estate, cars, etc, that other projects are tokenizing. CoTrader will also support non tokenized assets via automatic tokenization of all tradable assets including stocks, options and other derivatives, while providing transparency, security and proof of ROI, powered by the blockchain.
Product
CoTrader is the product which enables users to invest in and manage blockchain-powered investing funds (also known as Smart Funds). These funds are managed by fund managers who trade assets on digital exchanges. Smart contracts are making these funds management secured and trustful, and patent-pending privacy algorithms can hide trades and fund managers’ hiding strategies. So, these funds are kind of PAMM accounts which allowing users to compare results of trading, select most profitable, less risky or any other criteria-related manager, and trade with him and his portfolio.
CoTrader allows trading not only on cryptomarket but usage of tokenized real-world assets. Tokens (COT) are internal currency of project, i.e. investor (CoTrader) must buy a token and deposit it into interested fund.
Anyone can become a fund manager, but for proving his efficiency, he must start trading only with his own funds for creating a profitability (ROI – Return On Investments) history.
The MVP now is available only in private testnet, but it will be published before ICO. Full release will be performed in July 2018.
Business Plan
No business plan presented in WP, which is strange for finance-oriented project.
Marketing Strategy
Also, there is no marketing strategy – just ambitious plans to become the world’s largest marketplace for investment funds, assets trading and related services.
Team
Team looks small: founder (with experience in crypto-trading and some unsuccessful start-ups), CTO, operations manager, business development and content writer. No finance persons, no IT (despite of CTO), no marketing & sales persons found in roasted team. These positions can be found in Advisors board which looks professional, but they have to be in main team, especially on start point.
The Vision of the Market
WP gave only brief information about total investing funds volume and ambitious plans to became a large project on this market. Probably it happens because of marketing person absence in team.
Understanding of the Target Audience
Target audience of project consists from all persons interested in risky investments, but there are no market analysis presented.
Competitive Advantage
WP contains comparing of the project with existing and planning to launch decentralized fund management platforms like Iconomy and Melonport. On our opinion, it’s enough for proving that this idea may be successful in case of correct and full establishing.
Summary
Project strong sides: interesting idea, good competitors analysis, MVP publishing before ICO.
Project weak sides: lack of market analysis, business plan, incomplete team.
So our position is negative.
Links
Web: https://cotrader.com//
Telegram: https://t.me/cotrader
WP: https://cotrader.com/cotrader-whitepaper-en.pdf
ANN: https://bitcointalk.org/index.php?topic=4371801
Twitter: https://twitter.com/cotrader_com
Facebook: https://www.facebook.com/cotrader
Reddit: https://www.reddit.com/r/cotrader/
Medium: https://medium.com/@cotrader.com
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2038562
