Topic: [ANN] [PreICO] CoinFi - The Bloomberg Terminal For Cryptocurrency - page 16. (Read 4256 times)

Great project!
Wish best luck for it!
Indeed many want to invest in crypto but the lack of info & data is a one barrier.
Just joined the Telegram group.

We think our biggest competitor in this space will be Wall Street data providers and banks.

Our advantage over Wall Street is that the crypto community, and the nature of cryptocurrencies themselves, makes it harder for large institutions to monopolize value. On our crowdsourced platform, the engineers, analysts and researchers, who are providing the value will receive the bulk of the profits.

In the ICO space, the closest comparable competitors that have done ICOs would be:
1) Santiment
2) Cindicator
3) Enigma

Santiment predominantly provides data feeds and trading signals.  Coinfi does that, but also provides crowdsourced research/analysis and trading algorithms.

Cindicator predominantly provides trading signals but does not provide data feeds, crowdsourced research/analysis and trading algorithms. They recently released an arbitrage bot that costs $21,000 USD to access at the moment. CoinFi has a similar product in closed beta that will be released significantly cheaper.

The market is maturing and starting to see the need + demand for quality news, trading signals and algorithms.  Santiment is up 275% in the previous month.

Compared to Enigma, we are fundamentally different in a couple of important ways:
1) we are targeting a significantly smaller raise of $15m only vs Enigma’s $45m. Because of their massive hard cap, Enigma’s token value has dropped whereas the competitors who have raised smaller amounts have gone up.

2) While enigma provides the data, we service the layer above i.e. the signals, news and algorithms that directly help everyday traders make more money.  With Enigma’s model you need to take their data and program your own tools, while CoinFi’s platform will be available directly to CoFi token holders.

There are no firm numbers out there, but in equities the financial data market is worth 25 Billion. The financial media market is worth significantly more.

In the crypto space, an ICO like Santiment, which raised $12M in their ICO in July 2017, has a market cap of $218M today.

The market cap of 1 company isn’t an indication of the size of the market, but given how early it is in the space (they don’t yet have any significant market traction), its a clear indicator of the demand in this space.

With Bitcoin futures being listed on CME, institutional funds will pour into the space and increase the demand for platforms that provide market intelligence.

OK. Then I think it is necessary to introduce some algorithm which will help investors to operate in such situations and automatically close unprofitable positions.

I think due to machine learning technology platform will be able to look after these situations in short time periods and that’s why such abnormal situation will be profitable for private investors.

Every stock exchange can face up with abnormal market situation when the price increases very fast. It can be the wrong signal for platform because the fast growth today doesn’t mean such growth in future. There are many cases when hype goes down like a price of coin.

Great decision – good motivation for people to cooperate with platform

In WP it is written that people will obtain access to the platform by lock and stack of tokens in their wallets. Content providers will receive reward for their work in tokens. Also token will be like an independent circulating medium and will operates on stock exchanges.

What will be the functional of CoinFi tokens? What opportunities for interaction will it provide?

Are there any project advantages which differs it from competitors?

 What is the depth of crypto financial intelligence market? How much money does the market operate?

Reserved for FAQ

In lieu of a bounty program, we're offering a referral commission to CoinFi early adopters. After you sign up for the whitelist, you can apply for a referral link here.

The rapidly growing world of cryptocurrency has created a difficult-to-navigate universe of data that makes it tedious and time consuming for crypto investors to find the information they need to make intelligent decisions in a timely manner.

Compared to the kind of tools and on-demand financial analysis to which equities traders have access, the cryptocurrency market is drastically underserved.



When the stock market and financial data transitioned from analog to digital networks in the 70s-early 80s, Michael Bloomberg launched a business that revolutionized the way equities traders processed information.

This was the famous Bloomberg Terminal.




Because every serious trader needed to have a Bloomberg terminal in order to trade effectively, Bloomberg LP still owns 29.4% of the $25 billion financial data industry - 36 years since its inception.

As finance moves from traditional markets to the blockchain, a similar disruption will occur.


As the market opportunity of providing financial intelligence to crypto investors continues to grow, Wall Street institutions will do what they always do - use their tremendous resources to build “toll-booth” businesses that will tax the eco-system.

Bloomberg costs $24,000 USD for an annual subscription and is only available to the elites.

But unfortunately for them, the dominant market intelligence platform for crypto won’t be built through antiquated, pre-internet enterprise sales models.

Instead, it will be built around a token economy - a sustainable system that intelligently incentivizes & rewards those who provide value to the eco-system - the researchers, analysts, curators, and coders.

There is an arms race coming between Wall Street and the crypto community to build the dominant market intelligence platform - the Bloomberg of the crypto markets.

We believe CoinFi will be the Bloomberg for Crypto.


CoinFi provides in-depth analysis, research, and trading tools that offer Wall Street-like precision - without the Wall Street greed that hoards value creation to the top .01%.

The CoinFI platform is powered by sophisticated algorithmic trading signals, real-time analysis of news through machine learning, and "best execution" trading algorithms.





CoinFi already contracts a team of several junior equities analysts to help perform altcoin research and compile data. We have also developed several in-house trading signals that are undergoing internal alpha testing, with very promising results.

For example, here’s a look at our backtesting data that shows how we can analyze accelerations in trading volume to help predict coin price movement:


We’re currently live testing different trigger levels and filters to improve accuracy of this signal and minimize false positives. Obviously there are no trading signals that are 100% accurate, but as you can see in the video, our backtesting shows that CoinFi’s volume acceleration signal can already predict price movement with enough accuracy to make profitable trades.

If this is your first time hearing about volume acceleration signals, our tech co-founder Han put together a video showing you the basics of how abnormal trading volume correlates to news and price movements, using an earlier version of CoinFi’s alpha software.



Speaking of news and its correlation to coin price movements, we are ramping up our capacity to perform natural language processing and sentiment analysis on real-time news - this work is still in the early stages, but we are already seeing some very positive signs.


We’re also developing a tool that can identify arbitrage opportunities to notify COFI token holders whenever there is a chance to squeeze out risk-free profit.

Our co-founder Tim shows a live example of one of these arbitrage opportunities in the video below:


CoinFi team member Dom Wells wrote up a fascinating case study of how he used a CoinFi arbitrage signal to make a virtually risk-free 1.5 ETH by taking advantage of the price difference of Bitcoin Gold between Bittrex and HitBTC.

The FinTech industry publication PYMTS also interviewed CoinFi cofounder Timothy Tam recently and published a pretty interesting piece about the arbitrage opportunities that are popping up in the inefficient, volatile crypto markets.

Tim was even quoted in a recent Bloomberg article about the arbitrage opportunities in the crypto markets with the listing of Bitcoin futures on CME.

VentureBeat also featured an article from Tim explaining how bots are manipulating cryptocurrency prices, and what you can do about it.


As the platform grows, the company will transition to a fully crowdsourced model to provide research, analysis, and trading signals incentivized via CoinFi tokens. Access to the platform’s advanced features and premium content will require staking tokens to reward token owners and reduce volatility.




Unlike other projects that set far-fetched goals of decentralised technology and are years away from being functional, the CoinFi team includes experienced entrepreneurs and growth marketers who understand how to ship rapidly, iterate based on real user feedback, and quickly scale a passionate user base.





Along with our underlying tech and financial expertise, this will be key to the platform’s success and the value of the COFI token. COFI’s value isn’t based on hitting a moonshot - the COFI token will have real long term value because we’re already developing valuable solutions that are solving real-world problems for crypto investors.


In an industry where a sexy website, shiny LinkedIn profiles, and a snazzy whitepaper can be enough to secure tens of millions in funding, we believe the CoinFi team really sets itself apart with its experience bootstrapping web properties from 0 to millions of users, as well as growth hacking for some of the fastest growing startups in the world. This is what sets us apart from our competition and will allow us to build a long-term sustainable business.

CoinFi is not just a financial tech company, it is a media business in an exploding industry - and having the expertise to scale both sides of the business quickly is an advantage (we believe) we have over our competitors.