Blackfolio — The Social Exchange Launches Its ICO

Let’s face it, trying to get the most out of crypto trading is not easy with there being a seemingly never ending supply of altcoins appearing, making exchanges far more complicated than they need to be. Ultimately, it can lead to people that are new to this form of trading discovering that they have little idea as to the key strategies to use in order to trade more effectively. Clearly, this will have a knock-on effect with your chances to trade successfully, so anything that can help you should be warmly welcomed.

Blackfolio is the new kid on the block who is aiming to solve this problem, and they plan on doing so by offering a more social cryptocurrency trading option. In other words, they will run an exchange that will also allow people to share strategies and tactics in the hope that it will further enhance the exchange itself.

What is Blockfolio?

Operating as a platform via the blockchain, Blackfolio states that it will provide its users with the opportunity to not only control their various cryptocurrency assets, but to also buy via their exchange along with learning from those experienced traders that are already on the platform. Furthermore, they also have an option that will help you with calculating the tax you would need to pay with this dependent on your actual location.

This all sounds pretty good, but what is the plan in connection with how it is all able to work?

The intention of Blackfolio is provide users with a platform whereby they can identify the very best trading pairs that exist on the market followed by the ability to both buy and sell via a range of online exchanges. There is also the option of mirror trading with an existing user whereby you are able to match the trade that they have made as well as follow their strategies to replicate what they are doing.

So, the user logs into their account on the blackfol.io website to gain access to the hub. There, the hub will both check and validate any actions that have been created via the portal itself. Then, you also have a 24/7 monitoring station which checks social media, news portals, market data, and multiple blockchains at the same time to then provide the balance that is on the digital wallets for each user no matter how many they may have access to.

Finally, they plan to use Artificial Intelligence to successfully inform users of market trends and key details that could make a difference with the way in which they would then deal in various trading pairs. Ultimately, they hope to produce a platform where the decision part is substantially easier to do thanks to the wealth of information and tips that appear on Blackfolio.

ICO Details.

The company states that they are going to produce a total of 600,000,000 tokens, which are known as BLACK although they will only release 318,000,000 tokens for the ICO which represents 53% of the total. Also, there is a minimum investment of 0.1 ETH with a soft cap in place of 900 ETH and a hard cap of 15,900 ETH. During the ICO, there is a set exchange rate of 1 ETH equating to 20,000 BLACK.

Conclusion

By opening up the possibility of sharing workable strategies, Blackfolio could become a useful platform for those individuals that are just finding it difficult to get themselves started with this form of trading. The app runs smoothly and the real-time data alongside the way in which it allows the user to keep close control of their portfolio is also rather impressive. Yes, it may not be a unique idea but it does make things easier which should be welcomed by everyone.

Links -
ICO — https://www.blackfol.io/
Whitepaper — https://www.blackfol.io/#whitepaper

(BCT Profile: https://bitcointalk.org/index.php?action=profile;u=1621875) — JainaVsUther