Signal is a personal assistant for digital currency traders. Find out how the platform works today in our review of Signal Trading and its upcoming ICO.
What Is Signal Trading?
Signal Trading, found online at SignalTrading.io, claims to be “the ultimate cryptocurrency trading tool.” It’s a personal assistant for digital currency traders.
The platform comes in the form of a mobile app. The app gives everyday traders the same data large corporations pay millions of dollars a year to obtain. It’s like having a personal team of data scientists and analysts in your pocket – at least, according to the Toronto-based development team.
The Signal app will conduct a thorough analysis of each user’s custom investor profiles. Then, it will periodically alert traders when a new coin enters the market. Any coins recommended by Signal must meet the investor’s unique trading profile while also indicating strong buy potential.
What makes Signal different from other signal-based applications? Typically, other trading signal apps simply alert traders about unusual volume changes in the market. Signal, on the other hand, will provide a detailed description of the metrics and technical analysis behind each alert.
Signal is free to use, but will also have a subscription-based service. You’ll pay for your subscription with SGNL tokens. The company’s ICO for SGNL tokens begins on September 28 with their pre-ICO, with the crowdsale continuing thoroughout October and November.
Signal Features And Benefits
Signal plans to offer all of the following features and benefits:
- Knowledge: Signal will provide subscribers with the information they need to turn market trends into profitable opportunities.
- Security: Signal uses the blockchain to record all transactions. The blockchain provides enhanced security and transparency.
- Accessibility: Signal is specifically designed for accessibility and ease of use. The company claims that all information provided on the app must be clear and concise. New and experienced traders must each be able to analyze the utilize the presented data efficiently.
- Accuracy: Like any good signals app, Signal promises to provide enhanced accuracy. “Information provided on the application must be constantly updated to ensure users are not acting on inaccurate or untimely metrics.”
- Technology: Signal claims to provide users “with highly advanced trading technology that is generally not available to every day investors.”
How Does Signal Trading Work?
There are three ways to use Signal:
New users can use Signal to search for coins they’re interested in. They can scroll through the list of top coins by market capitalization, for example, or click the names of coins to uncover more data about a specific token. Users can also keep up-to-date on the latest cryptocurrency news through the app, or view upcoming ICOs.
Users who have a verified account can enter their Signal Tokens into a queue that will send a push notification to the trader when a coin is exhibiting strong buy potential based on general market sentiment, along with its trend and technical analysis and the user’s investor profile.
A Signal subscription costs 5 SGNL tokens per month. As a Signal subscriber, you can track your own portfolio’s progress, receive push notifications for new ICOs or coins being newly traded on exchanges, follow coins or exchanges, and receive push notifications without the need to send additional SGNL tokens.
The Signal Token Sale
The Signal ICO begins with the pre-sale on September 28. Tokens start at $0.25 and $0.40 during the pre-ICO, but will sell at $0.50 USD during the ICO for the first week before bumping up to $0.75 the following week. When Signal launches, tokens will be sold for $2.50 USD on the Signal app.
No addition tokens will be issued after the ICO.
There’s a total of 50,000,000 SGNL tokens available to the public. An additional 20% of tokens sold will be distributed to founders, developers, and angel investors, or reserved for the bounty campaign.
The pre-sale hard cap is $750,000 USD, while the ICO hard cap is 50 million SGNL tokens.
Regardless of how many SGNL tokens are purchased during the pre-ICO and ICO, a minimum of 10,000,000 tokens will be distributed. If fewer than 10,000,000 tokens are sold after phase 2, the remainder (between the amount sold and the soft cap) will be distributed according to how many tokens each user purchased. If an investor owned 25% of tokens after the sale, they’ll still own 25% of tokens when 10,000,000 are distributed.
The pre-sale starts on September 28 and will continue until October 12 (or until the hard cap is reached).
Meanwhile, the crowdsale starts on November 1 and continues until November 15, or whenever the hard cap is reached.
Who’s Behind Signal Trading?
Signal is led by CEO and Co-Founder Bobby Barone, Project Lead Emal Safi, and Lead Developer Hamza Mumtaz.
The development team is based in Toronto, Ontario.
Signal Trading Conclusion
Signal Trading is a signal app that offers free service and subscription-based plans. The company promises to send alerts to users based on detailed technical analysis. Although Signal will provide detailed analysis, the company plans to make its information readable for investors of all levels of skill and experience – so whether you’re a newbie or a seasoned veteran, you should be able to gain value from Signal.
To learn more about Signal and how it works, visit the company online today at SignalTrading.io. The pre-sale starts on September 28, with the crowdsale continuing throughout October and November.