Coinlion (LION) is a cryptocurrency exchange and portfolio management platform that rewards you and all the users for sharing information related to the management of digital assets. This information can be for example sharing portfolios, strategies, or research related to the management of digital assets.
So, how does CoinLion work? They have divided the platform into three main components that supposedly work together to maximize the your trading experience.
Components
Firstly, a cryptocurrency exchange focused on giving you the best trading experience possible;
Secondly, a portfolio management tool that allows you to create and manage cryptocurrency portfolios.
Finally a public profile system that will reward you if you create and share portfolios, strategies, and information with other users.
The CoinLion Portfolio Management Tool allows you to create and manage multiple portfolios simply and efficiently. They have a working demo that you can already try out. The link is: demo.coinlion.com
In the platform besides managing a portfolio you can also can choose to publish portfolios, strategies, and content for other users to use in exchange for LION. The token.
LION, The Token
So, LION is the native token that interacts within the platform helping you learn, build, and grow. Basically, you will be incentivized with LION in order to share and create portfolios, strategies and research related to the management of digital assets. Then, you can simply spend or earn this token within the platform.
There are many ways to spend and earn LION in the platform.
In terms of spending, just to mention a few:
- you have discounted Trading when holding LION
- you can Access Research and Analytics within the CoinLion Library
- you’ll have Access to ICOs launched on the platform at a discounted rate
- and of course, Create and Manage multiple portfolios with the Portfolio Management Tool
With regards to earning, one way is to allow users to track your portfolios
- another one is by creating and sharing information, research or strategies with other users.
- and also you if you become a top performer or researcher you will also earn LION
So, plenty of uses cases for the LION token within their platform.
In summary, CoinLion’s Mission is to be the most trusted, powerful, simple, and rewarding digital asset trading and management platform.
An interesting fact that I learned from their frequently asked questions is about the origin of their name. As you know, the lion is a symbol of stability, power, and trust. And because of that it has appeared on coins dating back as early as 600BC, making Lion coins some of the world’s oldest coins. Therefore that’s why they named it CoinLion, to be synonymous with a name that users can trust.
In terms of roadmap, the project is fairly recent. The coinlion concept was only created in June of last year. However, they already have a prototype working and plan to launch the MVP on July of this year. The Portfolio Management Tool should be ready in August and atomic swaps in January of next year.
If you want to read further into this project, I will leave below a link to the whitepaper, their website, their twitter, BitcoinTalk and the demo.
Web: https://coinlion.com/
White paper: https://static.coinlion.com/docs/CoinLion_Whitepaper_v3.0.pdf
Demo: https://demo.coinlion.com/
Twitter: https://twitter.com/coin_lion
BitcoinTalk: https://bitcointalk.org/index.php?topic=2350898.0
Please let me know your thoughts on this project in the comment section.
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