How investors can reduce crypto market risk by using Global Spy
Investing in the cryptocurrency industry is risky. You may fall victim to the different scams out there purporting to be great ideas, or you may invest in a legitimate startup that is doomed to fail even before launch. Even existing cryptocurrencies like Ethereum, Ripple and Bitcoin bring along some risk due to the high volatility in the market. Many investors are asking how they can reduce the risk in the industry. The simple answer is due diligence.
However, due diligence in the cryptocurrency industry means that you should be able to analyze the algorithms, smart contracts and technical features of a blockchain as well as the underlying business model. It may seem simple at face value, but it is very complicated. What if you do not have these skills, but you still want to invest in the cryptocurrency market? Global Spy the choice for you.
What Global Spy provides
Global Spy is a professional research company with a wealth of experience conducting business research for clients from all over the world. They have professional business researchers in the most major market, allowing Global Spy to conduct in-depth due diligence on any business our clients want. When it comes to the cryptocurrency industry, they provide the following professional services:
i. Technical soundness review
They have experts in blockchain engineering and coding. They can assess the authenticity of the smart contracts provided by the firm. They can also look at any vulnerabilities in the blockchain algorithms to determine whether it is technically sound. The effectiveness of the blockchain to provide the promises services greatly influences the overall success of the cryptocurrency.
ii. The uniqueness of the business
Every cryptocurrency has a specific business model driving it. The biggest challenge in the industry is that many new altcoins are simply trying to replicate the ideas of other cryptocurrencies. Global Spy can ascertain whether the idea is unique. Unique ideas will attract other investors and increase the likelihood of success. Investing in the next Bitcoin or Ethereum is a sure way to lose money in the industry.
iii. The authenticity of the startup
Many cryptocurrencies being launched as simple scams seeking to swindle investors. Some are very easy to identify, but there are others that go the extra mile to hide their true intentions in layers of technical and business jargon. They may even have legitimate ideas, but their true intention is keeping the ICO money for themselves.
Global Spy tries to determine whether a startup is authentic. They check whether the business is legitimately registered in its country. Global Spy can even send the research executives in the region to the physical officers to the researchers to ascertain the authenticity. This makes it difficult for scammers to steal money from investors.
iv. Earning opportunity
Whenever investors have professional research done for them, they can only use the research for themselves and then it loses its usefulness. However, Global Spy offers an opportunity for investors to earn when others request the same research. Instead of duplicating the research, Global Spy will give the new investor the research from the first investor and then pay them half of what the new investor pays. Investors can earn from the research they have done, and there is no upper limit to how much they can earn.
Global Spy is providing a unique service in the cryptocurrency industry. You no longer have to be a blockchain expert to perform due diligence in the cryptocurrency industry. Instead, you can simply buy spy tokens and commission Global Spy to do it for you. Global spy is a true game-changer in the cryptocurrency industry.
