Coinseed is a spare change investing app that rounds up users purchases to the nearest dollar (or other currency) and invests the change into a selection of cryptocurrencies of the users’ choice, and/or to follow other users’ trades. Coinseed thereby allows users to effortlessly invest in crypto while building a diversified portfolio of cryptocurrencies.
As cryptocurrency prices keep breaking their all-time highs, the general public is ever more interested in investing in cryptocurrencies. Although the early adopters and enthusiasts of cryptocurrency and blockchain technology are enjoying great returns on their investments, most of the general public are still either not sure where to start or reluctant to invest huge sums of money as the cryptocurrency prices are very volatile. Coinseed solves this problem by providing easy access to micro-investments in cryptocurrencies. Our users can link their credit card and pick the portfolio of cryptocurrencies that they want to invest in.
COINSEED PLATFORM
Coinseed platform was officially launched as a mobile application on iOS and Android on November 21, 2017. Coinseed platform has two main features:
- Passive investing by keeping your portfolio.
- Active investing by changing your portfolio whenever you want to.
Note that these two features are not exclusive to each other, meaning that a user can either keep the current portfolio or change the existing portfolio to another one. Whenever a user converts his or her portfolio, there is 1% fee on the total value of the portfolio that is being converted. We encourage our users to make portfolio conversions by ranking all portfolios created by users and their return percentages on the platform. This way our users can learn from each other by looking at other people’s portfolios to get inspired or to simply replicate those portfolios.
COINSEED : PROBLEMS AND SOLUTION
With the survey results, we see three pain points that offer a tremendous growth opportunity for Coinseed:
- Most people don’t have much savings to seriously consider investing.
- Even when people have money to invest, they find investing to be confusing.
- People do not know how to get started with investing in cryptocurrencies.
Coinseed platform solution:
Coinseed makes it easy for everyone to invest in cryptocurrencies by:
- Low risk : Just start with your spare change. Low risk and low commitment.
- Automatically collecting user’s spare change to invest in cryptocurrencies.
- Allowing our users to change their existing portfolio to another portfolio.
TOKEN IMPLEMENTATION
The CSD token will be implemented as an ERC20-compatible token over the Ethereum blockchain. Ethereum was the natural choice for this project due to its broad adoption and industry-standard for issuing custom digital assets. The compatibility with the ERC20 standard leverages upon the existing infrastructure advantages of the Ethereum ecosystem, namely in terms of development tools, wallets, exchanges and human resource experts. The ability to program smart contracts with a Turing-complete language allows for robust foundation and flexible customization of the cryptocurrency to the CSD domain-specific requirements.
CSD TOKEN
Coinseed is issuing a total of 10,000,000 CSD tokens to allow the cryptocurrency community to be part of our ambitious goal of enabling everyone to invest in cryptocurrencies. Here is our breakdown of the total CSD tokens that are being issued.
Coinseed Benefits
Starting from May 1, 2018, CSD token holders will receive 50% of the revenue from the monthly portfolio conversion fees. For example, if the total revenue from the portfolio conversion fee is $2,000,000 for a given month then $1,000,000 (50% of the total portfolio conversion fee) will be distributed to the CSD token holders. Specifically, each CSD token would be allocated 10 cents each ($1,000,000 / 10,000,000 CSD tokens = $0.1).
Development Roadmap
We started the Coinseed platform development in September 2017 and launched our beta version of the platform in October 2017. During our beta launch, we have received a very positive feedback which fueled our enthusiasm even further. Although our team has achieved a lot in a short amount of time, we have much more planned in 2018. The funding from the ICO would be a catalyst factor for the following:
- Scaling up the Coinseed platform in the US and globally.
- Development of the automated bot-trading feature.
- Insurance on the assets under management.
- Expansion of the Coinseed team.
- Legal cost.
Visit https://www.ico.coinseed.co/ for more information this will give you all the additional info on the Coinseed project.
Also you can visit :
- Whitepaper : https://s3-us-west-2.amazonaws.com/coinseed/ico/Coinseed
- Whitepaper.pdf
- Telegram : https://t.me/coinseedico1
- Twitter : https://twitter.com/coinseedapp
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2038051
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