In the present era, financial markets and institutions have flourished a lot. The people who are interested in investments have now better opportunities today than available at any other time. Over the decades, the investment procedures and processes evolved minimized the potential risk for an investor thereby increasing the probability of profits in investing in financial assets.Classical trading is one of the very common investment methods used by private investors in which profits can be achieved over a certain period of time via buying financial assets at a low price and selling them later at a higher price. Today, the investments are done with professional methods which involve algorithmic investment methodologies. These solutions are complex and developed after a good amount of research and observation. Nowadays, cryptocurrency attracts a lot of investors all over the globe. But the unstable patterns in the cryptocurrency economy restrict the interested investors to invest their money on a long term basis.
Website- https://coinect.com/
Website- https://coinect.com/
The Solution
Coinect comes with a solution of this problem faced by a good number of investors regarding investment in cryptocurrency assets. They have designed an automated and decentralised trading algorithm which aims at providing growing returns to the investors regardless of the market situation. It is backed up with Blockchain Technology which further ensures transparency and reliability in the system. In addition to this , this trading system is capable of self learning and operating at a level which is a lot higher than used by present day algorithmic methodologies.
How it works?
The Coinect working is based on the Classic arbitrage approach where a financial asset is sold on one platform and bought from the other when it is available on two platform at different prices to generate profits.
Let's take a practical example:
An arbitrage situation is found on two exchanges named X and Y. At present,
1 BTC( Bitcoin) = 3 BCH ( Bitcoin Cash) on exchange X while 1 BTC ( Bitcoin ) = 2.8 BCH on exchange Y.
In order to make profit, one can sell 1 BTC on exchange X to earn 3 BCH.
Simultaneously, he would have to carry out an inverse operation by purchasing 1 BTC for only 2.8 BCH which is a lower cost.
As a result, that individual made an invested profit of 0.2 BCH thus capitalizing the investment in addition to possessing 1 BTC + 2.8 BCH.
An arbitrage chain if 2 transactions is therefore created.
This exemplar situation can be solved manually as it involves only two exchange platforms and two cryptocurrencies. But , today the number of exchange platforms and cryptocurrencies are large. Plus, their growing patterns are exponential. So its not easy to analyze and predict the things on paper. To simplify this, Coinect came up with a trading robot who will be doing this following trading algorithms in an automated manner based upon the decentralised arbitrage approach. As a result, the financial market will be less prone to outside factors which are responsible for instability in the Cryptocurrency economy.
Advantages
Machine learning self automated system
It works 24×7.
Able to analyse 200+ financial trading instruments including cryptocurrencies at a given time.
No human involved. Completely autonomous system.
Partnered with 25+ trading platforms globally.
ICO Details
The Coinect has its own cryptocurrency named COI tokens. These tokens can be used to carry out transactions on the platform in future. The ICO period will start on 25th June 2018 and will end on 24th July 2018. During this period, a total of 25,000,000 tokens will be issued.
5% tokens will be taken out for the bounty program.
Future Perspectives
The Coinect venture is going fast in its journey towards its goal.It aims to release its iOS and Android application by November 2018.
Website- https://coinect.com/
Conclusion
Coinect is a cryptocurrency project which aims at revolutionising the economy of this sector by lowering down the investment risks faced by a potential investor. The project is now in its ICO period. If the things go right, we will be able to witness its working model soon this year.
For more details visit
Website- https://coinect.com/
Published By- Pooja Jur
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1217469