Even as investors in the cryptocurrency space recognize that they are at the forefront of a new financial revolution, adoption by the general populace is yet to occur. While 3rd parties are slowly entering the space in the form of hedge funds and other investors, very few individuals seem to have taken the step to invest in cryptocurrencies on their own.
Hedge funds and other similar investment vehicles also have their own pitfalls, such as a high barrier of entry for retail investors, and bad actors in the space contributing to whether a fund can be trusted or not. This extends from the cryptocurrency space, where people have made a market off cheating others.
Moreover, new users have a very high learning curve, as investing in cryptocurrencies on one’s own requires knowledge of how to set up one’s wallet and operate on cryptocurrency exchanges. Even if this knowledge is gained, newer investors find it difficult to make a profit in the space due to the deep technical knowledge required to navigate the markets.
These contribute towards keeping retail investors away from the cryptocurrency space, as they result in a lack of confidence in the market as a whole. However, there is one platform that aims to solve these problems. Enter CINDX.
CINDX is a brand-new platform that is aimed at making cryptocurrency trading easier, more secure and more accessible. It allows for trading of cryptocurrency funds without minimum investments or high fees, along with the transparency and security features offered by the use of blockchain technology. It is an ecosystem that allows users to turn over the management of their funds to professional traders, who are known as Managers on the platform.
Their trading history is embedded in the blockchain, which contributes towards providing immutable truth towards the track record of the investor. Users can simply connect their existing exchange accounts to the CINDX platform, and select their Managers based on the provided data. This is step 1 towards providing transparency on the CINDX network.
The process is then secured, by allowing for a synchronization of the accounts of the Manager and the user, who is known as the Investor. This is conducted through the use of an Application Programming Interface. A system is in place that registers every trade made by the manager automatically with the help of smart contracts, which is then replicated in the accounts of the Investors.
This double-walled feature allows investors to be protected against frauds such as double charging or presenting flawed numbers to increase the Manager’s fees. The only fees to be paid by the Investors is a small transparent success fee. All of the Trader’s objective trading statistics are recorded on the blockchain.
The Managers are given access to a variety of tools on the CINDX platform, which includes high-tech algorithmic trading robots, which also include data from trading indicators. This, in turn, creates the room for data scientists and programmers to sell the trading bots that they create for use on the platform.
These features come together to offer the user a seamless and easy-to-use cryptocurrency trading experience. CINDX achieves this while still maintaining the utmost security and transparency on its network.
The platform is poised to begin its Security Token Offering for its token on the Ethereum blockchain on 26th August. The goal of the offering is to raise close to $21 million, with a minimum viable product (MVP) available on their website for users to test. The MVP has support with Binance exchange and will showcase the capabilities of the platform.
It is interesting to note that CINDX has gone to great lengths to ensure the compliance of the platform and the ICO with multiple international regulations. The firm, which is incorporated in the Republic of Estonia, has been granted a number of operational licenses.
These include licenses to legally operate as a non-bank financial institution, provide fiat-to-crypto exchanges, and to provide virtual currency wallet services. Moreover, an application for an Exemption D from the United States Securities and Exchanges Commission and licensure from the Financial Services Association.
Notably, a solution of this scale will require the presence of a multitude of talented and dedicated individuals behind the project.
The CINDX ecosystem is operated by a team of more than 30 dedicated individuals, headed by Yuriy Avdeev, a seasoned entrepreneur. Another significant person on the team is Product Director Val Jerdes, a master in executive leadership.
Advisors on the team of CINDX include Austin Kimm, the Co-Founder and Chief Operating Officer at Crypterium, Philip Staehelin, who offers 25 years of top consulting, corporate and entrepreneurial experience, Amarpreet Singh, the Senior Adviser of the Global Blockchain Foundation, and Keith Teare, Founder and Executive Chairman of Accelerated Digital Ventures.
Yuriy Avdeev, CINDX Chief executive officer, stated:
“CINDX is poised to truly democratize the modern financial system, breaking the stranglehold of today’s big banks and investment firms on the financial world. We are opening the market for financial trading and instruments to everyone, and removing the intermediaries in the process. We let an Investor choose the best-proven crypto asset Manager from anywhere in the world, and then link the growth of the invested crypto funds to the success of their chosen Manager’s trading strategy.”
To know more about CINDX platform and its STO, click here.