The International Monetary Fund (IMF) projects that over 170 countries will experience negative per capita income growth in 2020. It is also predicted that the economic crisis that would result as a consequence of the global mobility restrictions would disproportionately affect lower-income workers. Bankruptcies are rising with the unemployment rate near record highs as countries like the United States continues to see positive tests for Covid-19. There is a fear of the new wave of the Covid-19 virus if economic activities kick start too quickly. With this Global uncertainty, the post-pandemic world would be driven to adopt digital options as solutions to improve lives.
Snowball is a Smart Crypto Investment Automation (SCIA) company that creates the easiest way to invest in crypto portfolios. Snowball is pegged to a stable coin and is revolutionizing the way people invest in cryptocurrency by offering one easy-to-use place to invest in tax-optimized crypto portfolios that pay you interest. Snowball helps you buy tokens without wondering which to buy, giving you the power to automate your investments. They are rolling out with an iOS and Android App, and are currently raising up to $600,000 in their equity offering through Republic, a leading equity crowdfunding portal. https://republic.co/snowball-money
*UPDATE* Snowball is no longer raising equity as they completed their raise of $600,000. However, they may do another round in the near future.
Snowball provides exposure to digital asset portfolios comprised of gold, venture capital, art, crypto staking, real estate, and risk-adjusted cryptocurrencies in a single mobile application.
According to CEO Parul Gujral, during the official launch in July of 2019, Snowball, it’s as simple as:
- downloading the app and signing up,
- choosing the portfolio you want to invest in,
- funding your account via your bank or Ethereum,
- sitting back to watch your portfolio snowball and grow, in REAL time.
Snowball envisions a safe ground for money and investments to be made without the fear of joining in the statistics of the IMF predictions of an increased Global poverty rate. As a post-pandemic solution, it would help curb the poverty rate, giving people new opportunities to make good financial decisions. There are important aspects of Snowball that creates a guarantee to make you know you are investing and backing the right horse. Snowball already has big investors, like the Co-founder/COO of Twitch, and Jason Stone of Millionaire Mentor on Instagram. According to the CEO, the exact reason why Snowball was created is to eliminate confusion by offering one, safe, easy-to-use place to invest in trusted crypto portfolios. As the first Smart Crypto Investment Automation it offers:
Snowball makes it easier for you to access your account from anywhere around the world, just using your mobile app. This helps you prevent stringent procedures from the traditional banking system. This ease of access saves both time and energy, and you know what they say, Time is money. It also makes investment choices for you, no need to go through the difficult thinking process of proper investment.
Financial technology (Fintech) is constantly automating the way we do virtually everything, syncing directly into our investments, especially the way we transact and use money across borders. When you think of Fintech, you probably think of Coinbase and Robinhood, two of the leading Fintech startups holding unicorn status. The term unicorn is aligned with a startup worth at least 1Billion. The efficient possibilities are boundless. At the Dawn of Fintech, it was predicted that the traditional banking sector would be disrupted the most, due to their role in the global financial crisis of 2008. Following the COVID-19 Global lockdown, it is clear, that the Global economy would be tilting towards digital. People are becoming aware and sensitive to the need to peg their wealth to real assets and the digital economy. Imagine a world where one would transact and use a modern investment system just on their phone. Call it a smart investment with a good guarantee on ROI. No more long queues in the bank, delays, or outrageous transaction fees. Easy to open and access accounts. Snowball is making investment simple, faster, and secure. Invest and watch your funds snowball.
Check out their website for more information. https://www.snowball.money/