Regarding “no real competitors”

(in response to @chris_r99 on DaPowerPlayICO slack)

“What’s the difference to coinigy @nikola ? As you write in your business plan there is no real market competitor currently”

Key Points:

• We are a distributed economy, they are a service.
• You can create complex strategies on DaPowerPlay.
• Coingy makes no mention extra data sources ala Santiment or integration with other smart building blocks that DaPowerPlay offers.
• Coingy makes no mention of ICO, Business plan or whitepaper.
• We propose a new distributed economy where all stakeholders will benefit.

For me personally — compared to https://www.coinigy.com/features, the comparison in “Coingy” language is:

Digital assets trading made distributed

Everything you could ever want to participate in distributed economy.

Trading all the time, always.

Create strategies (market actors, basically algos) drag’n dropping or coding, run them on most optimal computer(s), earn fees.

Use the power of community and building blocks so you have time to sleep.

In more detail…

“Do it yourself” — > “Do it distributed allowing for market efficiency and prosperity”

This different philosophical approach is reflected in DAPowerPlay system architecture — at a first glance from user perspective DAPowerPlay Platform is a primarily desktop app together with coupled mobile app backed by strong cloud solution and optional/secondary pure browser environment. This allows you using a bit more sophisticated software locally, eg. all kinds of different dbs, communication channels, file storages etc. all while interacting with blockchains and tailored cloud solution and having mobile component for a “lightweight” access to platform. But more importantly, in a simple sense we enable “strategy supporters” using “strategy wallet smart contract” to interact with “strategy algorithm” made by “strategy developer” in a trusted fashion and to reap benefits while avoiding exchange downtime. As the time goes and the code is typed, we will lean more and more on smart contracts, .eth domains, bzz and shh protocols and the whole web3 stack where applicable.

As algorithmic trading volume and number of assets grow, what we see is efficient digital assets management and trading requires many different expertise and a lot of time and processing power. Limited results are to be expected if you do it yourself — there is need to enable community to exchange available resources and assets in a most efficient way. We are not just reiterating different technological solution to day-trades problems — we see a new economy backed by ERC20 token enabling different market participants to interact, transfer value and resources in a trusted environment, be it in processing power, algorithms or digital assets all while enabled by DPP token.

To sum it up — we propose a new distributed economy where all stakeholders will benefit enabled by efficient cloud solution, modern UI, web3 stack and erc20 token.

Cheers, Nikola