Since the beginning of the year, cryptocurrency markets have been booming. Most of you are probably following the price developments, and may even be trading yourselves.
Now, a new handy tool has been introduced to the crypto trading world:
InvestFeed - the first social investment network!
Originally, the platform was only supposed to feature US Equities, but the team behind InvestFeed soon realized the enormous potential of the cryptocurrency markets.
Now, the investment platform combines social media features with cryptocurrency data and price development details.
The CEO describes it as "Facebook, cryptocurrency and the Bloomberg Terminal" all in one!
What is InvestFeed about?
InvestFeed aims to be a social platform for (cryptocurrency) traders .
You can post stock recommendations and share your opinions and strategies with other investors (whom you can also direct message).
This means that users can view, share and even duplicate the moves of other traders - in real-time!
If you have a particularly good trading strategy, you can even earn money by publishing your stock recommendations and have other people follow them.
This revolutionizes the market because people no longer need to dig through articles or forums to find investment advice.
They also don't need to pay for brokers or advisors - they can simply follow other users on InvestFeed and copy their moves if they think someone has a good intuition.
Users will be able to see the performance records of all traders and investors they follow, and can even communicate with them directly via liking and commenting under their posts, or direct messaging them.
“Our development team has been working around the clock to roll out the first version of the platform and it looks beautiful; it's like Facebook, cryptocurrency and the Bloomberg Terminal met for the very first time. One of our goals was to give mainstream users a simple, aesthetically pleasing UX and remove the technical barriers and complicated language associated with blockchain and cryptocurrency.”-Ron Chernesky, InvestFeed CEO
Cooperation with BraveNewcoin
The InvestFeed project started in 2014, and originally had nothing to do with crypto assets.
Since the incredible rise in demand for cryptocurrencies in recent times, InvestFeed then decided to team with BraveNewcoin to offer cryptocurrency data and assets on their system as well.
Their new goal is now to turn InvestFeed into a "cryptocurrency epicenter": a single gateway to the market that combines both traditional financial assets as well as cryptocurrency trading and that is open, transparent, and reward-based for all users and contributors.
InvestFeed CEO Chernesky stated that one of the problems of the cryptocurrency world is that there is “a lack of a delicately balanced ecosystem in which users from all backgrounds can provide insights and be fairly rewarded for their work.”
That's why they wanted to cooperate with BNC and create an ecosystem which rewards users to help grow the platform and enables even users with little crypto knowledge to exchange information with others and start trading.
"We identified BNC as the only ‘Asset Class wide’ market data vendor capable of delivering the enterprise-grade analytics and data our platform requires to push full steam ahead into cryptocurrencies space. We are pleased to announce that this deal has shaved a significant amount of time and development costs from our roadmap - we are way ahead of schedule” -Ron Chernesky, InvestFeed CEOThanks to this, the InvestFeed platform is now [live](https://www.investfeed.com) already - several months ahead of schedule.
ICO & FEED Token
The InvestFeed system runs on an ERC20 Token on the Ethereum blockchain, called FEED Token (IFT).
These tokens can be used in an incentive system to replace intermediaries.
The ICO for FEED tokens started on July 23rd and had a relatively low cap of 28k ETH, which has already been exceeded.
FEED has an important role in the investFeed ecosystem - anything that gives added value to a user (for example following an expert trader's moves) requires payment in FEED tokens.
On the other hand, users who facilitate the use of those features are in turn receiving FEED.
InvestFeed Features
The InvestFeed platform has 7 components:
- Cryptocurrency market data and charts
- Social networking features ("wall", liking, commenting, direct messaging...)
- Live-streaming feeds and channels for cryptocurrencies and projects
- Wallet and exchange integration
- Trending assets and watchlist signals
- Advanced trader tools (backtesting features, advanced portfolio analysis...)
- Marketplace capabilities for the FEED token
In the near future, the team is also planning to implement a tool for crowdsourced portfolio advice and recommendations, blockchain-based data feeds and analytics, premium API for institutional and hedge fund access, instant notifications, user-assigned price alerts, as well as alerts on moves made by high performing traders / traders the user follows.
“Just like we linked every top online stock trading brokerage to our original platform, we will begin to form relationships with digital asset exchanges so that users can link their accounts on investFeed and make informed decisions, using the most accurate market data possible. The end-goal is to become the one-stop shop for everything cryptocurrency, and unite a growing community in one of the most nascent industries of our generation.”-Ron Chernesky, InvestFeed CEO
What do you think about the concept of a "social" trading platform?
© Sirwinchester