Tuesday, April 17, 2018

COINSEED encourage our users to make portfolio conversions


Image result for Coinseed
Coinseed platform was officially launched as a mobile application on iOS and Android on November 21, 2017. Within the first 12 days of the launch, we have acquired over 2,000 registered users and 1,000 paying users without any paid marketing. This shows the strong interest of users.

Coinseed platform has two main features:


  1. Active investing by changing your portfolio whenever you want to
  2. Passive investing by keeping your portfolio

Note that these two features are not exclusive to each other, meaning that a user can either keep the current portfolio or change the existing portfolio to another one. Whenever a user converts his or her portfolio, there is 1% fee on the total value of the portfolio that is being converted.
We encourage our users to make portfolio conversions by ranking all portfolios created by users and their return percentages on the platform. This way our users can learn from each other by looking at other people’s portfolios to get inspired or to simply replicate those portfolios. For example: let’s say our pseudo-user Zach started off with his $10 portfolio of Bitcoin, Ethereum and Litecoin. However, he discovered that another user’s portfolio of Dash, Ripple and Monero performed much better than his own. Zach decides to use this new portfolio with just a click of a button. In this process, Coinseed collects 1% of the $10 which translates into 10 cents

Problem
According to the LendEDU survey that was conducted in September 2017, roughly 78% of Americans have heard of Bitcoin. Out of those 78% of people, 40% were open to using Bitcoin in the future and 34% were undecided. Moreover, millennials, who are between the age group of 18 to 35, are more likely to invest in Bitcoin than older generations, but they do not know how to get started with cryptocurrency investing.
We see two main points in this survey. Firstly, most of Americans have heard about Bitcoin. Secondly, a large percentage of that group, mostly millennials, is either interested or at least open to the idea of using and investing in Bitcoin. Note that these percentages are growing bigger every day as blockchain technology is getting introduced to the mass market rapidly.
On the other hand, GOBankingRates conducted a survey in 2016 and found that 34% of Americans do not have any savings and another 35% have less than $1,000 in their savings account. In other words, the majority of the Americans have less than $1,000 in savings. Lastly, in a 2016 survey by the investment app Stash, 69% of millennials surveyed said they found investing confusing while 41% felt they lacked enough money to invest. With the survey results above, we see three pain points that offer a tremendous growth opportunity for Coinseed:

  1. Most people don’t have much savings​ to seriously consider investing
  2. Even when people have money to invest, they find investing to be confusing
  3. People do not know how to get started​ with investing in cryptocurrencies

Solution
Coinseed makes it easy for everyone to invest in cryptocurrencies by:
  1. Allowing our users to change their existing portfolio to another portfolio
  2. Automatically collecting user’s spare change to invest in cryptocurrencies
CSD Token
Coinseed is issuing a total of 10,000,000 CSD tokens to allow the cryptocurrency community to be part of our ambitious goal of enabling everyone to invest in cryptocurrencies. Here is our breakdown of the total CSD tokens that are being issued

Coinseed Management Team Vesting
In order to ensure the longevity of the project and protect the integrity of the Coinseed team, their tokens will be vested. Vesting ensures the founders’ commitment to building the system in the long-term. Founders and the Coinseed team will have 2 years vesting with a 6 months cliff. This means that Foundation retention and Coinseed team tokens will be locked in a smart contract, which would release them every 6 months proportionally during a period of two years, starting on the 7th month after the ICO.

The Management Team
Delgerdalai Davaasambuu - Chief Executive Officer
Studied Physics and Computer Science, Dalai has been the technical co-founder for two startups before and also runs MyEtherShop.co (the first Ethereum only online shop)

Sukhbat Lkhagvadorj - Chief Financial Officer
B.S. in Mathematics and Economics from Wesleyan University, Sukhbat held various positions on Wall Street working as a trader and an economic consultant. Later he joined a leading big data analytics startup DAS42 that has consulted clients such as Uber, Amazon and Snapchat. His analytical background is invaluable to bring Coinseed to the next level of financial growth

Undra Bayarsaikhan - Blockchain Specialist
B.S.E in Computer Science from University of Electro-Communications(Tokyo) and M.S in Financial Engineering from NYU. Undra has experience in data science in financial sector and software engineering.

Temuge Enkhbaatar – Back-end Developer
B.S. in Computer Science and Engineering from MIT, Temuge has worked as a software engineer at world-known companies such as Microsoft and Yext. His technical expertise is crucial for the development of the Coinseed platform

Glenn Cantave – Chief Marketing Officer
B.A from Wesleyan University, Glenn has worked for the first VR cinema in the US. His vision and marketing skills are embraced at Coinseed.

RoadMap


Fore more information 
Website - https://www.ico.coinseed.co/
WhitePaper - https://s3-us-west-2.amazonaws.com/coinseed/ico/Coinseed-Whitepaper.pdf
Facebook - https://www.facebook.com/coinseed
Twitter - https://twitter.com/coinseedapp
Telegram - https://t.me/coinseedico1

Iwan Gunawan

Bitcointalk 
https://bitcointalk.org/index.php?action=profile;u=1107647;sa=summary
ETH Address
0x46aE0B8c48cB68e79344cfb9F3D77e594341135B


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