CoinFi(COFI) is a decentralized market intelligence platform providing investors and traders with information needed to make wise market decisions.
With the ever-growing list of coins and tokens on the market, for traders and investors alike, there is a distinct lack of information. What information that is available is scattered across various social media platforms, blogs and podcasts. Harnessing and processing this information can be quite tedious and fatigue can result in poor decisions.
The most common questions that investors seek answers for may include the technology behind the coin, historical reasons for price movements, information on the management and development team and upcoming plans for the coin. The reasons behind a coin's performance are also manifold and often not readily manifest. Further, Investors often fall prey due to their own lack of knowledge on various behavioral tendencies of the market and being unable to determine the exchange which offers the best price for a currency.
How To Use CoinFi
CoinFi seeks to allow users to monitor and analyze real-time market data with a crowdsourced and curated news database. News from various channels will be surfaced by incentivized community curators who will be rewarded with CoinFi tokens for being the first to surface a high value content. CoinFi will also store and display historical news and its effects on a coin, filtering all news submissions based on relevancy, category and recency.
There are various trading Signals indicative of market movement. CoinFi will internally develop quantitative models based on high frequency hedge funds in the equities market, while traders will also have the opportunity to share and monetize their own trading signals in a manner of crowdsourcing market intelligence.
CoinFi plans to start off targeting existing retail traders in cryptocurrency and as the platform grows, move upmarket and develop further features catering to institutional traders. There will be 3 tiers of subscription : Free, Stake and Premium, with varying degrees of access to market information.
The CoinFi Team
- Timothy Tam – Co-Founder
- Han Chang – Co-Founder
- Nate Tsang – Co-Founder
- Sam Peacey – Web Developer
CoinFi ICO Details
- Platform – Ethereum(ERC20)
- ICO Presale – December 4, 2017
- Crowdsale – January 15, 2018 – January 31, 2018
- Hard Cap – 300 million COFI
- Price Per token – $0.10
There is no question of the lack of quality information in the cryptocurrency market. The quest to be the purveyor of this information is much welcome. Real-time crowdsourced news would also be a boon to a lot of neophytes.
However, intelligence premised upon extrapolating conventional market signals to the cryptocurrency market may turn out to be of slightly dubious efficacy. The cryptocurrency market is fundamentally different to the traditional market primarily due to lack of a centralized regulation. That is not to knock on the project. It is most definitely a productive endeavor for its potential to provide real-time news updates on the market.