Topic: 📈SociumTrade 📉 – Social Trading & Investment Platform - page 8. (Read 1008 times)
From the first sight, I do not think i have come across of something similar before, yes there are trading platforms but i see no features that you offer there. The idea of consortium and investment pools sounds really great! Very promising. Signed up for e-mail updates. When we hear about the details and white paper? What about minimum investment for investors to start to trade with? Thats crucial to know, if I can invest with some minimum. So looking forward for details.
Is there gonna be an ICO launched for this project?
Yes. Public ICO will start on 1st of December.When could we get more information about ICO? Thank you. As I see no information on website yet.
I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?
I like the idea of Pools - would like to know more on how to join investment pool, as well as will it be possible to organize own?
Investment pool can be open or closed, with open pools accepting unsolicited applications, and membership in closed pools available only by invitation. When an investor receives an invitation to join an investment pool, he receives the terms and bylaws of that investment pool, as well. Those terms govern investment rules, profit sharing, and fee structures associated with the investment pool. Unlike trading consortiums, in investment pools the founder can charge a management fee for the services he or she provides. An investor must accept the terms of the investment pool in order to join it. Yes, you will be able to organize your own pools, say a "family pool", for instance.
So, basicly there will be no restrictions? And KYC is a must?
Is there gonna be an ICO launched for this project?
Yes. Public ICO will start on 1st of December.When could we get more information about ICO? Thank you. As I see no information on website yet.
I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?
I like the idea of Pools - would like to know more on how to join investment pool, as well as will it be possible to organize own?
Investment pool can be open or closed, with open pools accepting unsolicited applications, and membership in closed pools available only by invitation. When an investor receives an invitation to join an investment pool, he receives the terms and bylaws of that investment pool, as well. Those terms govern investment rules, profit sharing, and fee structures associated with the investment pool. Unlike trading consortiums, in investment pools the founder can charge a management fee for the services he or she provides. An investor must accept the terms of the investment pool in order to join it. Yes, you will be able to organize your own pools, say a "family pool", for instance.
So, basicly there will be no restrictions? And KYC is a must?
the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
Sure I did, but not all conditions are stated in smart contract
... And I would like to hear the answer from the representative of Socium Trade. I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?
I like the idea of Pools - would like to know more on how to join investment pool, as well as will it be possible to organize own?
Investment pool can be open or closed, with open pools accepting unsolicited applications, and membership in closed pools available only by invitation. When an investor receives an invitation to join an investment pool, he receives the terms and bylaws of that investment pool, as well. Those terms govern investment rules, profit sharing, and fee structures associated with the investment pool. Unlike trading consortiums, in investment pools the founder can charge a management fee for the services he or she provides. An investor must accept the terms of the investment pool in order to join it. Yes, you will be able to organize your own pools, say a "family pool", for instance.
Is there gonna be an ICO launched for this project?
Yes. Public ICO will start on 1st of December. What is the launch date?
SociumTrade v.0.1 is expected to go live in November 2018. Beginner traders' portfolios are highly likely to fail among portfolios of experienced ones - if you attract some, of course. No one wants to trust his capital to someone with almost no background. Have you thought about the ways of managing it? It would be a great chance to start.
Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements. Investors will be able to filter traders based on these parameters, when searching for the next investment opportunity. Outstanding performance in the markets will enable traders to increase their ability to attract capital, negotiate favourable terms, and be invited to join consortiums. the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
good question. I guess it's possible, as all trading operations are recorded on blockchain. However, i'm interested if there're any tools which can warn me about suspicious operations done with my investment? I don't have time to monitor trader's activity permanently and I want to be sure one minute unattended won't ruin the lion's share of my capital
Also, the contract and legal part, how the relations between trader and investor will be arranged legally? Should I have my own contract templates, trader will have his own or platform will have?
As for the contract templates: the system will have predefined templates for 3 major cases:
1. Investment contract created by a trader or a consortium
2. Investment contract created by an investor or a fund
3. Portfolio management
Are you planning to have some rules for joining consortiums? Personally, I find it one of the best ideas of the project. And will there be any geographical restrictions for traders?
Each consortium will have a founder or a head trader who sets the rules that govern its members’ activities and the consortium’s behavior as a whole. These rules are also stored on and enforced by a smart contract. the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
What is the launch date?
I believe you need to subscribe on their site to get an answer, Im also waiting for the launch date information. There is no any info yet announced.
Already did
Hope it will be announced soon. I am not ready to invest much in crypto now, since btc is still going down, but very curious about their strategy and team. I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?
I like the idea of Pools - would like to know more on how to join investment pool, as well as will it be possible to organize own?
Is there gonna be an ICO launched for this project?
What is the launch date?
I believe you need to subscribe on their site to get an answer, Im also waiting for the launch date information. There is no any info yet announced.
so what blockchain your exchange is going to be based on?
On the basis of the EOS.only trade coin use eos platform
i think if only eos platform very deficult can get much trader can trade in youre site, because eos platform still not popular
Lets be positive about it, yes, EOS seems complicated for me as well, but Trader platform - must have lots of features combined with blockchain, because of scalability - it seems EOS is a right decision, though its just recently launched. Besides - consider the fact that EOS has no transaction fees hidden.
so what blockchain your exchange is going to be based on?
On the basis of the EOS.only trade coin use eos platform
i think if only eos platform very deficult can get much trader can trade in youre site, because eos platform still not popular
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