One of the most urgent problems affecting the cryptocurrency community is a robust, incentivized, and dedicated social network featuring insights about the market. There have been a few iterations and attempts at such a concept, but most have either failed to deliver or lacked enough features to be considered a true hub. The cryptocurrency community is then left fragmented; scattered across multiple social networks and applications with no true all-in-one solution. Social investing is on the rise, and with a rapid increase in the Millennial generation investing in cryptocurrencies, investFeed looks to be the answer to address these problems.
“Our strong belief in the future of cryptocurrencies prompted our decision to pivot from equities to decentralized digital assets. We feel that investFeed’s future should fully embrace the greatest technological breakthrough since the Internet.” ~ Ron Chernesky CEO of investFeed
investFeed was founded in 2014 by CEO Ron Chernesky and CTO Drew Freedman in a mission to bring a social investing hub to a community of equity traders and investors. After being Gala Finalists at the Bezinga Fintech awards in 2015, a successful global launch in 2016, and a community featuring over 15,000 signups and 200,000 live feeds, they both saw an opportunity to change course and address a growing problem for a new kind of market and investor. The augmentation of the cryptocurrency market has been remarkable in not only adoption rates, but diversity as well. Cryptocurrency has gained international attention, but a problem exists in pinpointing a central location for information and speculation from its followers.
“The switch from equities to cryptocurrencies will also target a millennial user base that has shown disinterest in traditional investments. According to Bankrate, only one in three millennials has invested in the stock market. Millennials are more excited by this new technology because they feel empowered by the ability to participate in markets without traditional third-party interference.” ~ Andrew Freedman CTO of investFeed
investFeed is seeking to revolutionize the cryptocurrency community by not only providing a robust social media platform, but a hub for portfolio management and order executions through external APIs. It has a proven track record as a force in the equities community and is now seeking to fill the void for the cryptocurrency community.
investFeed looks to also reward and incentivize content creators from any background that can contribute to the network’s growth. This is where their FEED token enters the picture to encourage the creation of content from both professionals and nonprofessionals alike that benefits the entire community. investFeed’s goal is to democratize the social media experience by providing an independent commentator the same leverage that a larger figure may have when promoting intuitive content.
The FEED token isn’t just being circulated for the development of the project — it also is a part of revolutionizing the user experience on the investFeed platform. The FEED token will allow users to access new features, and interact on the platform in brand new ways. This will be a key differentiator for the investFeed platform when compared with “standard” social networks. Typically on social networks such as Twitter, participants donate their time to contribute and validate information.
However, on the investFeed platform, the FEED token will provide users with the ability to release and benefit from premium content, access advanced trader tools, promote themselves on the network, subscribe to major content providers, and have an ad-free experience on the platform.
Token Sales have gained significant momentum because of their ability to support distributed applications and open source development teams. The investFeed Token Sale will allow the acceleration of product development, while promoting developer adoption and network growth. The general token sale started on July 23rd, 2017 at 9AM UTC and will end either when their hard cap of 28,000 ETH has been reached, or on August 7th, 2017 at 9AM UTC.
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