What Is Spindle?
Spindle is an investment and asset management platform, which uses smart contract and blockchain technology. The platform allows customers to evaluate their investment options from the information it has on operators to their plans and performance with cryptocurrency. Currently, investment options on spindle are in global digital currency managers, and more options will be added in the future.
To ensure no third party interferes with the process of investment, customers will make investments by using the Spindle currency. A complete record of the investment is through the smart contract technology in the blockchain to ensure the relationship is created on equal terms between investors and asset managers, without the influence of conventional banks. In order to get rid of investor’s sense of uncertainty concerning an investment, it ensures that the established investors and asset managers have a fair relationship.
Spindle Crypto Investing & Asset Manager Benefits
Stability Of The Currency:
Nature of the currency used in the spindle token remains the same due to the small number tokens that will be distributed initially. This will ensure that tokens are stable and can be liquefied easily.
The determination of the new tokens’ value is mostly done by their relative recognition by the society through the Initial Coin Offering. By putting into consideration the capitalization of the market of all cryptocurrencies in the present and future, in the real sense, the burning of new tokens during its Initial Coin Offering stages will not have any effect.
The value of a currency is in all ways relative hence spindle believes in a period in which currencies are democratized in that no one particular person will have control over how to value the tokens. Those owning the tokens and those believing in the system will do the valuation of the currency. Utilization of the spindle tokens will lead to expansion of spindle and will benefit Spindle token holders.
Speeding Up Investments:
With the information being transparent and reliable, it will speed up the rate at which people get involved in anticipatory investment
Ethereum blockchain will be used to monitor, record transactions, and manage the data of cryptocurrency hedge funds that are participants on the platform. This will in turn prevent them from changing or providing information that is not true about its management.
Spindle SPD Token ICO Details
The platform has standard ERC 20 utility token, abbreviated as SPD. The Funds generated from the Initial Coin Offering will take the form of Spindles Token Economy Model. The funds will be used for covering the costs for development, promotion, research, and standard management. They will also be used in the promotion of Spindle in the society. The funds will also be useful in the buyout of Fintech companies, contribution in the current running costs and any other cryptocurrency hedge funds.
After the ICO, Spindle will launch a mobile application known as SPINDLE Service Application (SPA), which the SPD holders can use to make investments in virtual currency virtual currency hedge funds that have been selected by the committee.