How Bitscreener All-In-One Financial Platform Is Different From The...

In finance, the financial market girdle the part of the free market economic system where people and entities can easily trade securities, commodities and other goods at low transaction costs that represents supply and demand. The financial markets smoothens a number of things that are important to the workings of a market economy, an economy which heavily relies on relations between buyers and sellers for the distribution of resources.

The benefits of the financial market is enormous as it positively ensures raising of capital, promotes the international trade through the currency market, make the transfer of liquidity seamless, transfer of risk, price discovery, and it gives room for a much higher level of integration for global transactions. This is why the full monitoring, Study and analysis of the financial market is crucial for continuous growth and increase.

Stock exchange are present in most countries in the world today where both local and international companies are traded. The number of traded companies usually ranges between a few hundreds in less developed financial markets to as many as a couple of thousands in the mature markets. It would be a very time-consuming task to keep track of the market performance on various global stock exchanges. In this same vein, looking at how cryptocurrency has gone full scale global increasing in popularity, adoption, and total market capitalization, it would only be wise to have a system than can successfully keep you updated on all your assets. What is even better is a system that can allow users (average users, traders, investors) to successfully keep track of their investments (cryptocurrency, stocks) in a single platform that is transparent and immutable, and also provides you with updated and high quality informations and more that make sort of a financial heaven right at your comfort. This been possible is a breakthrough in the financial world, fortunately for all it is possible as BITSCREENER provides a financial data and ecosystem powered by Blockchain.

In this Article, I would be talking about the current financial model(problems) and how Bitscreener(solution) is the best amongst the rest. But before that, let us get a brief overview of what BITSCREENER truly is about.

ABOUT BITSCREENER

Bitscreener is a financed based platform that is well equipped and fully integrated with Blockchain Technology. This platform provides endless possibility in the financial world. It makes possible the easy observation or tracking of ones assets, whether cryptocurrency, stocks, equities, it has a system with a stunning Interface that gives real-time information and details on all your selected assets. It also provides a financially healthy community by encouraging the production of content available to all that includes Blockchain based monetization. The platform encourages writers to create contents that when published are available and easily accessible to the community, the writer can easily and transparently generate incentives depending on the level of user engagements and quality of the content. This therefore reduces the amount of wrong and totally misleading financial information been released into the financial ecosystem everyday.

Notice how there are two separate subsystems but not entirely different on the same platform operating seamlessly, this is a next level platform for the financial and crypto world. This two subsystem data and decentralized content are developed to operate perfectly while ensuring the continuous growth and development of the ecosystem in general. More than 2000 cryptocurrency and 100,000+ stocks, in combination with other thousands of equities all around the world is planed to be included in the real-time tracking system by Bitscreener for the community.

PROBLEMS OF THE CURRENT MODEL

You would agree with me that finance has a major stake in the functioning of the global economy. Presently there are so much production of false financial contents and low quality financial information in the existing model. This contents and information tend to mislead investors and traders and most times there are tricked by this to make wrong financial decisions that turn out to be harmful overtime. This existing model lacks a system then can authorize and validate financial data and contents, and also lacks transparency as it does not allow the consumers concerned to relate and pass across their views about such data and contents across to the community so they are aware of its true nature.

Also this current model lacks a profit-sharing system or non efficient profit sharing system if at all there is in some financial forums. These financial forums generate revenue from users contributions and activities but the profits are not shared with the users when in fact there would be no revenue without these users. This is not fair to be honest as both contributors and users should be treated fairly based on their activities which are justified by the community. The financial forum should be for all, everyone should be able benefit in all areas (information and rewards) and not just one person alone.

There is absence of free flow of financial information as these informations are not seamless. There have to be found in bits and then put together to pass one single entity of information. But as a trader or investor, by this time it might be too late. All Information should be available on a single platform for ensured accessibility of seamless information data that would be helpful to all users of the ecosystem.

The wildfire growth and popularity of cryptocurrency have seen a mass adoption and acceptance in a lot of sectors. Traders and investors of stocks and other equities have continued to show interest in cryptocurrency, the truth is there is no much difference as it’s basically the same type of data analysis system. Both are still characterized by charts, quotations, news, analysis so it would be fair, very effective and highly beneficial to make both system available on a single platform for both type of users.

This again is where Bitscreener comes in, equipped with the blockchain technology it is designed to tackle those challenges effectively. Here, the fundamental financial data is integrated into the community generated content. The cryptocurrency space is intertwined with the traditional equity world. The quality of information by recommendation algorithms is also improved. And, more importantly, there is a guarantee of profit-sharing by placing benefits of the BitScreener community as the highest priority, in this model both content creators and viewers are rewarded for their contributions. The community-generated content is then distributed by taking advantage of social interaction and the corresponding rewards are publicly transparent and auditable using the undeniable smart contract on the Ethereum network.

BITSCREENER AS THE SOLUTION

As can be noted from the above, it’s clear that Bitscreener hopes to give a totally revolutionary change to the current financial model by utilizing the unique and undeniable features of the Blockchain. For all the problems discussed in this article, Bitscreener has come up with a practical solution for all. Bitscreener is unique from other projects in the following ways;

The incentivization in the financial content system makes use of Blockchain based technology to ensure fairness. Each users social actions would be evaluated and rewarded in points (BSP) depending on how beneficial their actions are to the community. The BSP can be converted Into bitscreener Tokens BITX which is an ERC-20 ethereum Token. Certain features on the platform that normally would be purchased with fiat can be purchased with any of the tokens. So that way it’s highly valuable to the receiver.
Unlike other platforms that are either about crypto or stock alone, bitscreener combines the two seamlessly ensuring a worthwhile and stress-free experience for the trader or investor to go about whatever actions he wants with crypto or stocks on the same platform. It’s also worthy of note that in the iOS app and web version of bitscreener, some of these functionalities have already been implemented.
The information within the Bitscreener ecosystem is top notch and without blemish, as pieces of information are strongly vetted by the community and furthermore by other experienced viewers and editors in a very thorough voting system.

BITSCREENER TOKEN AND ICO

The BITX is the utility token of the platform as it is the cryptocurrency to be used in the incentivization system of bitscreener. It’s an ethereum token and has a total fixed supply of 450,000,000 BITX. It should be noted that 139,500,000 BITX (31%) from totally supply would be reserved for crowds alert which currently is in progress.

Private sale ends June 26th, 2018 and public main sale continues immediately which last for Just a week. It should be noted however that BITX has sold way above its soft cap (1000 ETH) and is close to its hard cap (15,000 ETH) right now. So you might want to get in while you can. Minimum contribution is 0.2 eth. 7154 BITX = 1 ETH.

CONCLUSION

As can be clearly seen, bitscreener is different from the rest and way ahead. Its uniqueness stands out and puts a clear divide on the level of satisfaction and comfortability it would provide. I honestly look forward to getting onboard as I am a trader who has an average knowledge of stocks but because of the stress of switching back and forth I had to choose crypto. But now the good news is I can do both on the same platform! This is good news for the financial ecosystem and a blessing to those who promoted/produce genuine, original and exceptional contents to aid an easy financial experience.

ROADMAP

TEAM

The team is made up of well experienced and brilliant individuals across their various fields. Full details of the team can be found on the white paper. (link below)