How will $AFINS spark a flywheel effect in the altFINS ecosystem?
altFINS is a platform for retail and institutional investors to scan, analyze, trade, and track digital assets. Most fintech providers in the digital assets space focus simply on trade execution or asset tracking but they neglect the pre-trade analysis, which is crucial to answering the most often-asked question of an investor: “which digital asset should I own, why, and when?”
altFINS is building a tool that covers the entire investment workflow from pre-trade analysis to trading and post-trade analysis and tracking of digital assets.
A fragmented crypto market
The Crypto market is highly fragmented. Thousands of digital assets are traded across hundreds of exchanges and dozens of new assets are getting listed on CEX or DEX every day. This fragmented market is extremely difficult to navigate for traders and investors. In the crypto world, trading digital assets is not as straightforward as trading traditional equity markets. Moreover, trading directly on exchanges is not user-friendly and they do not offer pre-trade analysis. There’s a grave need for a layer of technology stack sitting on top of the fragmented layer of exchanges.
So, for retail traders wanting to trade cryptos themselves, discover profitable trading ideas, or analyze and track their digital assets, altFINS offers you a solution.
altFINS platform addresses three pain points in the emerging digital asset class as summarized below:
- High fragmentation of data sources (such as multiple exchanges, protocols)
- Lack of robust tools for investment analysis and asset tracking (pre-trade and post-trade)
- Massive amounts of data from exchanges and protocols to extract valuable insights.
altFINS seeks to bring efficiency into the investment process in the digital assets space by covering the entire workflow, including:
1) Pre-trade analysis (investment idea generation, technical indicators, fundamental data, screening, charting, alerts, news, research).
2) Trade execution across exchanges.
3) Post-trade analysis (asset tracking, P&L, NAV, risk analysis, etc).
altFINS has created what crypto traders need – a robust platform covering all stages of trading workflow from trade idea discovery, analysis to execution and monitoring. The platform provides tools to aggregate data and news, analyze altcoins, find and execute trade ideas, and monitor portfolios across exchanges. Traders can leverage the altFINS platform to analyze and trade thousands of digital assets in a more efficient and profitable manner.
$AFINS token
The AFINS token is the native currency of the altFINS network. AFINS powers the altFINS economy as a currency to pay for altFINS platform subscriptions and for third party content on the platform. It is a multi-faceted token incentivizing holders through exclusive rewards, discounts, and other valuable opportunities on the altFINS platform.
AFINS token holders will get priority access to new platform features including automated research marketplace, education webinars, on-chain analytics, paper trading… They also receive discounts on subscriptions and can earn rewards for using, learning, promoting and contributing to the altFINS platform.
AFINS Flywheel Effect
altFINS values its community and has therefore created $AFINS tokens to reward and stimulate the adoption of the altFINS platform. By rewarding our community for their use and contribution to the platform, the awareness and utility value of altFINS will grow, thus attracting additional users.
A growing user base and fee revenues should drive more demand for AFINS token through staking and buybacks/burns. This could exert upward pressure on token price, further rewarding our community and ecosystem.
Through such a feedback loop (adoption drives utility, which drives adoption…), AFINS token and our rewards program will spark a flywheel effect.