Topic: [ANN] [PreICO] CoinFi - The Bloomberg Terminal For Cryptocurrency - page 15. (Read 4254 times)

Hello! The “trick ” as you put it is providing all the people involved in trading with the info necessary for making decisions. Moreover, this info will provide an opportunity to make serious and informed decisions earlier then the market does.

Hi everybody! Here’s a new project in the field of trading. What “trick” is embedded in the project? I've heard about several other trade start-ups in the area of crypto-currency. Tell us about its competitive advantages.

Token distribution is scheduled for Feb 9, 2018 - 10 days post-crowdsale. Tokens will be instantly tradeable on Etherdelta upon distribution.

We are also in talks with multiple exchanges and we will release this information as it's confirmed (due to non-disclosure), but we can state that our goal is to list  on the main exchanges.

Hey Robinzzon,

Here are a few examples of problems CoinFi solves in the crypto financial sphere:

Discovering Relevant & Quality Information
No simple solution exists for an individual investor or trader to learn more about a specific altcoin. This information remains scattered across a variety of platforms such as Twitter, Reddit, Slack channels, Telegram groups, personal blogs, podcasts, Youtube videos, etc.

Furthermore, the relevance and quality of the content varies widely - you may need to read a dozen articles of mediocre to poor quality before discovering a thought-provoking piece backed by strong reasoning and verifiable facts.

Here are some examples of common problems and questions that all investors want to determine about a coin before investing:

1) What does the coin do, what is the technology behind it and what problem does it solve?
2) Historically what news drove the large price movements in the coin?
3) What is the history, track record, integrity of the management team?
4) What is the quality of the development team?
5) How many coins were sold during ICO and at what price?
6) What is the upcoming schedule of development releases and expected company announcements?

Real-time Access to Market Impacting News
There are many different types of news related to a specific coin that will drive the price to move quickly up or down. Some historical examples of this include:

1) A coin getting listed on a new exchange
2) New regulatory announcements surrounding the cryptocurrency space
3) A recently discovered security concern/breach in a coin or a high profile exchange
4) Announcement of a development release
5) A thought leader saying something positive or negative about a coin

Certain news releases drive enormous price volatility in the cryptocurrency space. Investors stand to lose a large amount of money when missing this type of timely information.

Detecting Abnormal Market Conditions
Right now with the current universe of coins in the cryptocurrency space, it is impossible to quickly identify which are the coins that have abnormal movements. For example, these are common questions traders have on a daily basis:

1) Which coins are trading an abnormally high volume in a short space of time (this is usually an indicator of a rumour or piece of news that has just come out.
2) Which coins have had a large acceleration in price in a short space of time.
3) Is there a sudden acceleration of tweets or social media signals that indicate that news has come out in a coin?

Right now traders manually scan for these conditions. A platform providing signals which can automate the early detection of these conditions would provide extremely valuable data since they lead to profitable trading opportunities.

Inability to Obtain Best Price Execution
Bitcoin alone currently trades on over 400 exchanges, and the difference in price on these exchanges for USD/BTC can be up to 20%. Currently, there is no easy way for investors and traders to automatically find the exchange with the lowest USD/BTC price. Bitcoin can be traded on multiple currency pairs as well now including both crypto and foreign currencies (i.e. ETH/BTC, EUR/BTC) which often results in this spread widening further.

In addition, crypto markets have a large number of automated trading bots and market makers who place and cancel orders quickly and try to trade ahead of individual crypto traders in the markets. To obtain the best price execution, institutional quality trading algorithms that can detect this type of automated behavior will give traders an edge over manual order entry. These algorithms are commonly available in the traditional asset markets like equities, FX and bonds, but do not currently exists in the cryptocurrency space.

Given the flow of institutional money and the rapid growth in hedge funds in the industry, inevitably the demand for institutional quality trading tools will only increase.

These problems and our proposed solutions are outlined in our whitepaper.

Unsold tokens will be returned to the CoinFi foundation and used to seed & grow the platform.

Some members of our community have asked why we don't just burn unsold tokens, which is a very valid question. The answer is that we considered this issue very carefully and ultimately, the point of burning unsold tokens is to protect token holder value. We believe that returning tokens to the foundation and using those tokens to incentivize more research, analysis, signals etc. will provide better overall value for the COFI ecosystem to than burning them would.


In any market, there are always macro risk factors that can affect price. However, in considering our token sale structure, we've carefully looked at other tokens that tanked post-ICO and engineered our token structure to avoid those same pitfalls. We believe we've done everything in our power to minimize the risk of a price decrease post-ICO, but are happy to answer questions about specific risk factors you might still have concerns about.

Yes mobile apps are definitely on the roadmap, but our first priority is ensuring that the core technology/product provides strong value to the community.

Thanks for the question Gazman.

There is never 1 form of analysis (fundamental or technical analysis) that can make 100% correct predictions when it comes to the markets.

The best traders (fundamental or technical) leverage their own styles of analysis that give them an edge and use signals and tools to help them make smarter trading decisions that align with their style. CoinFi provides these signals and tools.

For example our crowdsourced market analysis will help fundamental traders identify pieces of news moving the market, faster than fundamental traders who are still digging through various twitter/telegram/slack channels.  Our institutional quality trading signals and algorithms provide traders who follow the technical side of trading with an edge as well, but different traders will use these tools in accordance with their own styles.

In the equities markets there have always been successful fundamental investors like Warren Buffet, just like there have been successful technical traders like Paul Tudor Jones who excel in swing trades. The crypto markets are the same.

What will you do with tokens which are not sold on ICO? Does the risk of decreasing the price of tokens after ICO exist?

Pinned this thread on my watchlist. Readed the annthread and it really looks like an interesting project.
Going read the whitepaper before the pre-sale starts.

How much time does it take before company’s tokens can be bought and sold on stock exchange?

What are the main problem in crypto financial sphere which are solved by the project?

Nowadays when crypto sphere is spread everywhere fundamental analysis will influence it greatly. This brings us to problem that technical analysis in some cases will be incorrect. How will you deal with this problem?

Will you create apps for consumers to speed up the interactions with platform?

Thanks AlloM, we put a lot of thought into both the product and the structure of our token sale, so we really appreciate the interest.

If you have any questions just ask our team in Telegram or let us know here!

Just browsed the official website this idea looking very interesting I think this will be nice project to invest into this. Soft and hard cap also looking realistic I think this token will get sold early.

Using machine learning to produce trading signals is only a small component of our platform. The majority of the signals, analysis, research, news curation etc. will be created by real people from the CoinFi community. This  initially includes some centralization i.e. professional analysts and engineers we hire - so we can manage quality and create value as we scale up our ecosystem, but eventually we will use a full crowdsourcing model - and the CoinFi token will be the incentive mechanism to reward valuable contributions.

Crypto traders are the ones who benefit most from our feature set, but much of the analysis, research and tools will benefit everyday crypto investors as well.

Here's a blog post detailing a simple example of a problem we solve that benefits both traders and everyday investors.

Your project will provide information based only on machine learning, or there will be signals and analysis which are created by real people?

Who are the end consumer of your product?

Appreciate the support Sammy.

If you have any questions just ask our team in Telegram or let us know here!