Trading has always been an up-and-down industry ever since the launch of the stock market (and even before that, one may argue).
There are several perpetual problems in the trading system, however.
First, trading is not as easy as buying or selling when the asset’s price goes up or down; even experienced traders struggle to make good trades let alone novice traders regardless of the market of they’re in.
This does not align with many investors’ interests to grow their portfolio in a relatively quick time frame. Yes, trading is a long-term game, but you’d be lying if you don’t entertain the prospect of seeing your portfolio grow well in a relatively short amount of time.
A solution to this problem is by copy or mirror trading, essentially a strategy that mirrors or duplicates the trades executed by a selected broker or trader.
While copy trading sounds like a good idea, it’s hard for individuals to identify good and bad traders. New investors, for example, struggle to understand what’s “correct” or “wrong” and we haven’t talked about the security and transparency issues of it yet.
Despite that, multiple copy trading platforms (also referred to as social trading platforms) have popped up successfully in recent years because of its ease of use.
The process is as simple as investors choosing who they want to base their portfolio strategy off based on the trader’s past performance and results. After that, the investing process is literally on auto-pilot, making it an attractive proposition for new traders especially.
However, past performance is not a very good signal in trading markets.
As mentioned earlier, even excellent traders screw up from time to time which leaves a perilous gap for investors – they lose tons of money without even knowing what’s going on.
One such startup is Scrinium, a decentralized investing technology that operates using smart contracts for maximum efficiency.
What makes Scrinium different is the deep level of personalization it goes into to satisfy a particular investor’s needs.
By analyzing the performance and results of millions of traders across the world, Scrinium automatically assigns the perfect trader for an investor’s requirements.
After that, the investor tells the platform the risk and profitability levels that he or she wants to implement in the portfolio. Scrinium will then select the best traders according to the investor’s input.
This translates into an automated investment portfolio for the investor created based on their requirements.
It’s undeniable that the feature above is exceptionally appealing to new investors.
This way, Scrinium provides a viable solution to investors who are worried about the risks of copy trading or are just looking to have their investments managed safely and efficiently.
Because the platform is decentralized, there are zero intermediaries involved in the process which means investors pay negligible fees for their portfolio’s growth in Scrinium.
Unlike other platforms, Scrinium is not dependent on markets, exchanges, or brokers. It is an independent platform and is fully transparent in all aspects; every trader’s performance and results will be tracked and immutably stored in the blockchain which means it cannot be removed, faked, or modified even by the platform’s development team.
Scrinium was built by co-founders, Sebastian Forbes and George Pantzis, both visionary individuals with a joint mission to end the problems involved in copy trading and investing in general.
As mentioned earlier, the Scrinium platform intelligently assigns a portfolio for investors based on their requirements (such as their desired profit and risk levels).
To start off with the platform, interested investors would have to open an account on Scrinium and then select their preferred requirements for their portfolio.
This can be best described by an example use case.
Let’s say that Investor A wants to use Scrinium to grow his digital assets portfolio; after signing up to the platform, Investors A selects the profit and risk level that he or she is willing to take.
For instance, this investor wants to move ahead with a 10% a year profitability and 5% maximum risk as the benchmark for the portfolio.
With this information, Scrinium intelligently selects several traders with the most suitable trading pattern and skills that perfectly aligns with the investor’s requirements.
The portfolio is now automatically managed for Investor A, and when a trade is closed with positive results, profits are paid to the investor immediately with negligible fees.
So, where do these trades come from?
Scrinium welcomes traders to the platform to form the initial pool of trade strategies for clients. To join Scrinium, traders would have to apply for a portfolio review by the platform’s AI system.
Once the trader is approved, the trader can then trade as usual while Scrinium works in the background by recording trades, analyzing them, and give recommendations to several investors’ portfolio automatically.
This is where the social trading aspect of Scrinium kicks in; Scrinium would send exact copies of the trader’s decisions to investors connected to the strategy (based on the requirements mentioned earlier) automatically.
In Scrinium, every party is justly rewarded, and that’s no different for traders.
Traders benefit hugely from Scrinium by being rewarded for positive results and excellent performances.
Unlike other platforms, Scrinium does not restrict the trader to the platform which means he or she can trade with any exchange or brokerage without any issues.
Traders can integrate their trades with Scrinium in a matter of seconds, and once the integration has been completed, the trader’s performance and results will be visible to investors worldwide.
As for the process of getting investors attached to a trader’s strategy, it doesn’t get simpler than what Scrinium is providing.
Based on the trader’s trading style and strategy, the platform’s advanced AI automatically assigns traders to the portfolios of suitable investors. As more and more investors follow a trader, the trader will be rewarded by Scrinium in the form of monetary incentives.
Simply put, the trader will earn more money as more trades happen. The trader is free to cash out rewards at any time which means that traders make money from their own trades as well as incentives from investors who follow them.
Scrinium has a host of features available to users of the platform:
Dedicated client apps
The Scrinium platform will be available to both web and mobile devices with complete out-of-the-box functionality as well as an extremely user-friendly interface for ease of use.
Safe and secure data storage and integration
Scrinium’s highly scalable environment takes the best of current database functionalities (as well as blockchain-based offerings) to provide the best services for the platform’s users.
It will include:
- A full suite of trader and investor apps
- An advanced AI algorithm for personalized portfolio designs
- Seamless integration with exchanges, cryptoexchanges, FIX API, MT4/5, and other platforms
- An API for liquidity providers integration with Scrinium
Making the platform effective with the blockchain
Smart contracts are the core of Scrinium with things like storing data related to traders, investors, trading operations, investment portfolios, profit distribution, balances, and financial transactions being enabled on the blockchain.
Scrinium has one of, if not the best, security features in the market currently with security features like:
- Face recognition
- Biometric verification
- Default two-factor verification
- Decentralized transaction history/performance data storage
- AML/KYC procedures compliant with upcoming MiFID II standards
- 2048-bit signatures with 256 bit encryption
- Upcoming PCI DSS Level 1 certification
To keep up with the latest security standards, the Scrinium team promises to continually develop and update the platform’s security to safeguard users.
Scrinium will use Scrincoin (SCR) as the platform’s internal payments engine.
Here are the details of the SCR (the platform’s official utility token) token sale:
Token name: SCR
Token base: Ethereum (ERC-20)
Token supply: 180,000,000
Token sale duration: 11th December, 2017 – 11th January, 2018 (pre-sale) | 11th February, 2018 – 11th March, 2018 (public token sale)
Token sale target: $15,000,000 (hard cap)
Token exchange rate: 1 ETH = 3,000 SCR (tiered bonus system)