Bitcoin has emerged in 2009, paving the way for a completely new market, completely new way to trade and transact. The cryptocurrencies appeared seemingly out of nowhere and in just a few quick years they have taken the world by storm. Millions of people's livelihoods nowadays are dependent on the state of the crypto market, regardless of whether they work in the tech industry or completely unrelated sector.
Cryptocurrencies invigorated many projects, creating a means for fair monetization, instant payments and transparent transactions. The utility of crypto tokens is unprecedented, so many platforms take advantage of them to fuel their inner workings and ease the user experience.
But what are most cryptocurrencies truly used for? According to many surveys and researches conducted in recent time, an overwhelming majority of cryptocurrency owners do not use tokens for their declared function. They mainly use cryptocurrency as an investment for potential profit from 'HODL'ing or trading tokens back and forth on different exchanges, looking for best opportunities.
At this moment in time though, cryptocurrency trading is still very hard to get into for new users and is quite cumbersome to navigate even for experienced traders. To remain competitive, enthusiasts have to track hundreds of different metrics, produce and analyze reports, research opinions of experts, all the while trying to figure out what is the best next step, which tokens to sell and which to hold on to. No matter how good you are, in its current state crypto trading is still inefficient, risky and time-consuming.
Personally, I have encountered both successes and failures in crypto trading, but one factor always remained the same – I wished I had better tools at my disposal. That is why when FTEC was announced, I was immediately on board, as the project is being produced by a development team with whose work I am already familiar and it promises to ease the life of a trader. Let's take a look at what features FTEC has to offer.
FTEC is the first trading cryptocurrency ecosystem, where people can have access to all the tools they need in one place, regardless of how advanced of a trader they are. FTEC team worked hard to find and figure out every useful feature that they could from a multitude of different sites and platforms for traders, then improved them and made sure everything is interconnected.
The most prominent features are as follows:
- Efficient and fast trading
- Flexible system of notifications
- Convenient monitoring of user's cryptocurrency portfolio
- Multi-level partner program
- Ability to analyze news background
- Cross-platform
- Multi-level model of trading training
- Ability to monetize user's knowledge
- Personal data security
- Analysis of user's behavioral pattern on the exchange
As you can see the list is quite extensive, and in my opinion it encompasses all the major functions that a trader usually needs to do manually or by extensive research.
Since many of the developers are themselves involved traders, they have prioritized they started off with the basic function of automatizing the buy and sell process, that is guided by certain criteria. Next they created an algorithm that can scan public social media and relevant websites for information to provide these criteria. These two steps are at the core of FTEC and its main selling point to me, but the other things that are being created alongside can not be discounted.
For example, the FTEC token has been implemented to make sure that there is fair, community based que in the ecosystem and also make all the payments on the platform secure and quick. All transactions will be made and bonuses will be awarded in FTEC tokens.
Another feature that caught my eye is an Anomalous Volume Dynamics Analyzer, a program that tracks a chosen asset on the market and alerts the user when any fluctuations of volume happen on different markets.
The Exchange Order Management Module is a service that gives the possibility to set Stop-Loss and Take-Profit levels at the same time and then calculates the best price for opening an order based on a mathematical algorithm provided by FTEC.
A very original feature, that I haven't ever considered before, and as soon as I heard about immediately struck me as incredibly useful is CryptoAcademy. Cryptoacademy is a simulation of actual transactions on the crypto exchange, in tow with theoretical materials and tasks, that will let new traders develop the right skills without the risk of losing their investments. Something like that could save months for beginners in the world of cryptocurrency.
This is just scraping the surface of what FTEC has to offer, and I am excited to see how the project evolves even further.
Of course there are both desktop and mobile applications in the works, to make sure that the interface that traders interact with is the one most convenient for them. The launch itself is carefully planned out on both technical and business sides of things. More details about the token sale, bounty campaign, etc. can be found in the FTEC whitepaper, or their official website, links to all are below.
FTEC Roadmap:
Let me know what you think about FTEC as an all-inclusive platform. What kind of interface do you use for trading now? How often do you wish for tools like the one's FTEC aims to provide? Please tell me in the comments below.
Author's bitcointalk: OceanWind33