Wait a second, it's something like a crypto exchange? Do not you think that there is too much competition here?
I asked this question earlier but got no answer. What are your advantages over other of exchanges? will you have to pay a percentage of the transaction?
Most importantly, they have a very low percentage of the cost of translations. Also they have interesting bonus programs.
Hi Seidr, demaroz, and morgan4140!
Please note that we are not an exchange. Coinvest is a trading platform (and market maker) where you make investment transactions and redeem profit from your trades through a process that is completely decentralized and handled by smart contracts.
Our difference and main advantage is that we are decentralized. Our investment process is managed by smart contracts including user investment data and funds. User funds are held in escrow (and not by a centralized third-party) by the smart contract until they are withdrawn by the user. Coinvest has no ability to touch or manage those funds including the liquidity pool that collateralize and back the investments. Once funds are withdrawn from a user’s portfolio, they can be stored in the wallet or spent using the built-in debit account.
Additionally the following:
- Simplicity and Speed: No KYC requirements and validation as investments are virtual and we don't deal with Fiat currency
- Convenience: Invest in multiple cryptonized assets without having to worry about storage, multiple wallets, multiple private keys, and transferring / supporting all coin protocols
- Functionality: Coinvest enables flexible trading options to help you obtain the best value with buy, buy limit, short orders
- Cost: Since Coinvest is automated and controlled by smart contracts, third-parties and overhead are removed which leads to lower cost transactions fees
- Diversification: Coinvest enables you to curate your own personal index fund (In the future, we will allow users to invest into other user's personal index funds.)
For a complete and detailed comparison, we recommend you view pages 7 and 8 of our whitepaper at:
https://docs.google.com/document/d/1ePI50Vd9MGdkPnH0KdVuhTOOSiqmnE7WteGDtG10GuE/edit?usp=sharingThanks!