Everyone is getting interested in cryptocurrencies, but investing in the most profitable ones is a complicated proposition.
Here is the reality on cryptocurrencies: For all the doom and gloom about the impending “bust,” tokens and tokenized assets, products and services are here to stay. The dramatic gains in many of the most popular currencies have also insured that investment in them will only continue.
According to Forbes, 2018 will also see many more cryptocurrencies literally double in value as coins like Ripple and ETH have over the past months.
But what is snake oil and what is worth investing in? Is Dogecoin, a cryptocurrency launched as a lark and based on an internet meme and now with a $2 billion market cap, worth the hype?
In a world where cryptocurrencies in sum, may well surpass the $1 trillion mark this year, what is digital gold and what is cyber trash?
What should the average investor’s approach to the market be? How much should one invest and in what?
According to recent surveys, the majority of Americans at least (78%) had heard of at least one cryptocurrency – bitcoin. 40% were open to the idea of using a digital currency in the future. And Millennials, those between 18-35 are most likely to invest in some form of cryptocurrency – if they only knew how.
Coinseed is a blockchain-based platform that allows investors to put their spare change directly into cryptocurrencies guided by powerful portfolio management tools and a social environment where making the right investments has never been easier.
By connecting credit or bank cards to the platform, curious, small investors, can start to invest amounts as little as $5 in a portfolio of cryptocurrencies. Users can also set a daily deposit amount.
They can then monitor their portfolios easily. They can also learn from the most successful investors by replicating moneymaking portfolios with a click of a button.
The platform currently supports eight cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Monero, Dash, Ripple, Litecoin, and ZCash. More currencies will be added as the platform develops.
The team behind Coinseed has now launched their first beta, available on both iOS and Android and is embarking on an ICO to build out the service in the coming year.
Here is the stark reality of the present economy of even the U.S. – one of the richest countries in the world.
Most people do not have a lot to invest: The average American has less than $10,000 saved, and most Americans live pay check to pay check, with less than $1,000 cash on hand in case of emergencies.
On top of this, investing is confusing: No matter how much an individual wants to invest, or what market they want to invest in, allocating money in assets that perform over time is not easy.
Getting started is hard: The first step is always the hardest one.
That is where Coinseed comes in. The platform makes it easy to invest by automatically collecting user’s “spare change.” It also allows investors to customize and change their portfolio allocations with literally a click of a button.
How does this all work?
Users connect their Coinseed accounts to their credit or bank cards. Every purchase that is made is then rounded up to the nearest dollar. For example, the user buys a cup of coffee for $2.50. The difference between the amount of purchase and the next dollar amount, in this case, $0.50, is deposited in the Coinseed platform in the user’s account. Users then allocate their funds across a portfolio of cryptocurrencies.
In addition, they can also see how other people’s portfolio allocations are performing and use this as a guide to change their own allocations. Don’t like your returns but see someone else who is making a killing? Merely click over to a portfolio you want to emulate and change your own portfolio to copy it at the click of a button.
Voila! No crypto expertise needed. Just follow the wisdom and performance of the crowd!
There are many benefits to this kind of investing approach:
Invest in cryptocurrencies with small amounts of “loose” change: Now you can set an automatic deduction amount that will literally deduct money for you. Set and forget!
No expert knowledge needed: It can be confusing to understand market trends, not to mention what makes up a successful investment portfolio. Now all you have to do is watch what other successful investors are doing and copy them.
Low conversion fees: When users convert their assets from one cryptocurrency to another, a 1% fee is deducted from the total amount. However, this is not a zero-sum game. At the end of every month, Coinseed token holders receive 50% of this revenue back, distributed equally among CSD holders.
Here are the details of the upcoming Coinseed token sale:
Token name: CSD
Token base: ERC-20 utility token
Token supply: 3,500,000 tokens
Token Accepted: Ethereum, Bitcoin, Litecoin, Dash. Restrictions apply based on nationality and location. U.S. investors cannot participate currently.
Token sale duration: March 20-April 20, 2018
Token sale target: USD $5 million (hard cap)
Token price: Varies on discount rate offered during the coin sale. Minimum purchase is 0.1 ETH. During the ICO, 450 CSD = 1 ETH