investFeed Replaces Equities with Cryptobr>
Community-powered stock trading network investFeed has dropped US equities from its platform in favor of high-performing, highly liquid digital currencies.
Founded in 2014, investFeed aims to create a single platform combining a next-generation social investing network, incentivized information sharing, and digital asset trading analytics and insights for new blockchain companies that are seeking global exposure.
The company made the decision to shift to blockchain-based assets due to a growing demand from its 15,000+ users, as well as the explosive growth of the $100 billion USD digital currency industry.
investFeed also announced that it will conduct a token sale capped at the relatively low 28,000 ETH maximum. The participants will be offered a majority of ‘Feed’ tokens immediately after the tokens are generated. Within 90 days of the fundraise, the tokens will be released. Of the tokens, 2.5% will go to the creation of the new investFeed platform, 5% will go to the Core Team, 1.5% will go to a bounty and rewards system, 2% will go to the advisors, and the participants will receive the remainder.
“Our strong belief in the future of cryptocurrencies prompted our decision to pivot from equities to decentralized digital assets,” said investFeed CEO Ron Chernesky. “We feel that investFeed’s future should fully embrace the greatest technological breakthrough since the Internet. We decided to refocus our offering in order to take advantage of the vast opportunities in crypto, including the exponentially growing number of people globally interested in trading, finding accurate ticker prices, and seeking out peer ideas. After opting out of a $5 million dollar traditional fund raise, we think there is a superior way to fund development, a Token Generation Event (TGE).”
“The switch from equities to cryptocurrencies will also target a millennial user base that has shown disinterest in traditional investments,” said investFeed CTO Andrew Freedman. “According to Bankrate, only one in three millennials has invested in the stock market. Millennials are more excited by this new technology because they feel empowered by the ability to participate in markets without traditional third-party interference.”