Creating an effective and successful cryptocurrency trading strategy can be a time consuming process. The cryptocurrency market is now home to more than 1,350 different tokens, all of which can be regarded as highly volatile. Keeping track of these can take up a large amount of time.

In addition to technical indicators, the crypto market is also driven by fundamental indicators. News stories, regulatory movements, and exchange hacks can all have a profound impact on the price of even high market cap cryptos, which means it can be difficult to determine when to enter and exit the market.

There are a number of news aggregates and coin trackers that provide a modicum of information on the state of the crypto market, but none of these solutions are able to deliver actionable insights driven by data. A new and upcoming initial coin offering, however, is aiming to create an ecosystem specifically focused on monitoring other cryptocurrencies.

The Exa platform wants to establish a comprehensive tracker of all other cryptos, assisting traders in making informed trading and investment decisions based on buying and selling signals. In order to fund the creation of the Exa platform, the creators are about to launch an initial coin offering which will present investors with the opportunity to purchase Exacoins.

In this article, we’ll take a look at the Exa platform and find out what it plans to deliver. We’ll also examine the upcoming Exa ICO and find out what it offers investors to help you determine whether it’s the right investment opportunity for you.

What Is Exacoin?

Exa is aiming to create a platform that not only delivers buying and selling signals, but also offers auto-trading software, mobile apps, and more. The Exa platform offers investors a unique solution due to the Exa AI, which claims to be a learning system that will collect and analyze data from the Exa ecosystem.

Exa appears, at first glance, to be an innovative and promising new blockchain platform, is revealed to be an entirely different project when scrutinized. Upon closer inspection it becomes clear that the Exa ICO is not offering investors much more than the opportunity to participate in a “lending ICO”, which have been flooding the ICO ecosystem lately.

Lending ICOs are essentially high yield investment programs, or HYIPs. A high yield investment program typically offers investors the option to deposit capital into a managed account, where it is then used to fund speculative or aggressive ventures.

In the case of Lending ICOs, investors are provided with the opportunity to purchase tokens, which can they can “lend” to the platform itself. This is functionally the same as a managed investment account. These platforms- as is the case with Exa- commonly use blockchain tech terminology to confuse potential investors.

Exa, for example, states that their blockchain network is built on a delegated proof of stake protocol. This is far from the truth, as the consensus method used by the Exa platform is not explained in the Exa whitepaper. In the case of Exa, “staking” simply means “lending” your capital- in the form of Exacoins- to Exa.

It’s unclear how Exa plan to generate profits from their lending system, although the platform does make references to “autotrading millions of micro-transactions” that generate monthly interest rates of up to 60%.

This isn’t to say that Exa won’t deliver on the promises it makes regarding return on interest, however. It is important, however, to remember that Exa is essentially a high risk managed investment opportunity.

Exacoin Verdict

The Exa platform is one of the more transparent lending ICOs to hit the market recently, and does appear to be able to deliver on the high ROI it promises. As with any HYIP or lending platform, however, it’s important to perform your due diligence first before investing.

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