BitScreener: The Blockchain-Powered Financial Data and Content Ecosystem

philmovs (37)in #bitscreener • 6 years ago (edited)

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If finance was to be removed from the world economy, I’m not a prophet but I’m sure there will be chaos. Finance play great roles in our daily lives and you might have probably felt downcast when you’re out of funds. That is to show you the importance of finance.
The world today is financially-regulated and for investors, getting the right information is all they need to make informed financial decisions. You should imagine how you’ll feel when you get injected with a wrong drug when you’re ill. The adverse reaction is not always positive.
That is the same thing we have in the financial industry. When wrong information is issued, there are tendencies that there will be fluctuations in the financial industry. It is therefore important financial analysts do their homework well to avoid giving out wrong financial information.

The Problem

If accurate financial information is not distributed accordingly to investors and traders, reaching a positive consensus will be hard. The traditional financial system we practice does not have chances of getting better. Content providers are having hectic times providing their communities with quality information.
In another scenario, the content provider might have the right information at his disposal but refuses to issue it. The content provider’s interest such as politics is used by providers in issuing financial information to traders and investors and this in turn, brings about wrong implementations of financial decisions.
It could have been better if the consumers are given a tip on how to fish rather than keeping them at bay for you to bring fish to them. I say this because there is a loophole in the provider-to-consumer relationship.
Consumers seem to have maximum trust on content providers and hardly cross-check financial information made available to them. They simply wait for the provider to distribute information and they make their investments.
What they fail to realize is that most providers distribute information that suit their interest and not that of the consumer. So when content consumers accept and use this information, they make themselves immune to any negative outcome that might arise. The onus of the problem here is that there is no viable platform that allows consumers authenticate the information at their disposal.

Let’s look at these problems in a wider range.

Uneven Distribution

Most platforms hoard generated revenue and hardly share them with their users. We have social networking platforms such as Twitter and Facebook being guilty of this. In terms of financial platforms, we have TradingView and BitcoinTalk. These platforms are also practicing the Facebook model – keeping revenues to themselves and only their shareholders will be considered during the sharing.
These platforms (Facebook and Twitter) generate revenues in many ways such as monetizing user data at their disposal and offering advertisements on their platforms at a fixed rate. BitcoinTalk which is the largest cryptocurrency forum on the cyberspace on its part gets revenue by selling banner adverts for crypto-related projects.
It could have been fair if some portion of these revenues is distributed to users but at the moment, only a website called SeekingAlpha distributes some revenue to its users. Revenues are not evenly distributed on SeekingAlpha because only high-rank users get to have a share.

Limited Financial Information

Information is what keeps the world going but in the financial industry, it is either wrong information is disseminated or distributed information is influenced by the provider’s interest.
A platform such as CoinMarketCap provides stock charts and crypto quotations without giving the required information.
It is in the light of these that a platform that can evenly distribute revenue to community and also provide accurate information was sought. That platform happened to be BitScreener and it is here to stay.

BitScreener as a Solution

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BitScreener is a blockchain-based platform that allows you keep track of crypto and stock trading. You don’t have to rely on providers to distribute information to you; you seek and verify available information by yourself.
BitScreener integrates stock and cryptocurrency data into its network so you can have seamless access to any financial information you want. If you’re a stock or crypto trader, you can easily track your investments on this platform.
We have had platform that shortchange its community where users don’t get paid for their write-ups. On BitScreener, you get rewarded for any contribution you make to the platform such as writing and providing accurate information. Writers now have visualization tools such as tables and charts that will aid their writings.
We’re looking at a platform that offers you what you need to succeed in crypto and stock trading. Most platforms are centralized; leaving the users, investors and traders in a quagmire. BitScreener came up with a solution called running products that helps you have all quotations and price charts at your finger tip.

Running Products

If you’re good at crypto and stock trading, you must have realized the important roles charts and notifications play. BitScreener banked on this and provides charting visualization tools that allow you keep track of latest trading developments.
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BitScreener was looking at a more portable of enabling this and thus came up with the solution called running products. Running products hereafter refers to the charting tool that was made available as iOS and Android applications and is also accessible at BitScreener’s website.
If you’re confused on the latest trading trend, these running products analyze and present crypto and stock data into suitable graphs and maps. So if you can’t read up all those confusing texts, simply scan through the graphs and get an idea of what’s going on.
The BitScreener network uses latest visualization tools to keep users abreast and also allow them perform analysis on its website. The need for notifications is not undermined; especially in volatile trades such as crypto and stocks.
BitScreen offers you real-time notification on your favorite crypto and stock. You get to receive the alerts if you have the BitScreen application installed in your iOS or Android device.
These running products also have another amazing feature called the Screening Tool. Screening Tool is there to make your trade search easier. You’ll agree that scanning through many trades and stocks is a daunting task. So here we have the Screening Tool as a sort of sieve that weeds out the best stocks and cryptos and the choice is on you to choose the one that suits you.

Unique Features of Running Products

The running products offered by BitScreener are there to be your guide for trading. We have had platforms and products that keep users at bay; allowing them to make financial decisions by themselves.
With these running products, you have access to wide range of information that can help you make informed trade decisions. You get real-time price notifications and volume alerts on your mobile devices
The running product features unique screening tools that filters content and presents you with the best crypto and stock available on the exchange market. It keeps track of about 5500 crypto trading pairs and this is really a massive approach I must say.
We’re also looking at the possibility of gathering live data from about 100 exchanges so you can now be keep track of how trades were conducted and if there are lapses, you can easily identify one.
These apps available on iOS and Android devices are being used globally. There are about 45, 000 positive reviews from its global users and it records about 50, 000 Daily Active Users. Both the web and app have been serving about 1.2 million investors and traders since BitScreener’s debut in early 2017.
So here we have the prospects that come with using BitScreener’s running products. I must say that this remains the best so far; especially if you’re technologically-savvy. I’ll advise you use BitScreener for your future trades and if you have any problem finding latest news and quotations, the running products are there to bail you out.

BitScreener: A Working Product

You might raise objections why BitScreener should not be accepted. Perhaps you have been a serial victim of malicious information that ruined your finance and trade. I have to let you know that you shouldn’t give a try to BitScreener; you should rather use it.
BitScreener is indeed feasible and its prospects are too numerous to mention but what you have to know is that you have access to verifiable information and that’s what really matters in trade.

You might have accounts on different platforms where you trade separately on cryptos and stocks. On BitScreener, you have these two integrated so you can seamlessly keep track of what’s trending on each of these platforms without switching accounts.
What we have been using for long is the traditional approach and in this 21st century, it will be foolhardy to continue in the medieval format when we have multiple technologies that solve our needs.
As stated earlier, BitScreener has visualization tools and its use is not limited to reflecting latest trends in crypto and stock trading. These visualization tools also help writers in penning down their thoughts on latest trades. I know you might have written one or more articles for some trade platforms and at the end, you didn’t get your remuneration or some form of compensation. That is shortchanging the writer and it should be stopped.
BitScreener is here to stop this by offering incentives to writers and researchers who contribute contents to its ecosystem. Visualization tools such as tables, news and charts are there to help draft meaningful contents.
At the moment, BitScreener is aiming at offering real-time tracking to about 2000 cryptos, 100, 000 stocks and many equities. If you’re really looking for a platform that offers you the best in crypto and stock trading, you should use BitScreener.

BITX: BitScreener’s Utility Token

Tokenization is the latest approach to every Initial Coin Offering; especially those hingd on the blockchain. BitScreener does not shy away from this because its utility token called the BITX is there to cement and fine-tune all activities on the BitScreener network.
The BITX token transfers value between content consumers and contributors and financial writers who meet up to the value are rewarded with the BITX token. Traders who derive or benefit from this value are required to spend their tokens to achieve this.
With this approach, the BITX is a fuel that propels the BitScreener network to greater heights. The use of this token as an incentive will be more beneficial than fiat and gift cards. On the other hand, it aids faster transaction on the network. The most amazing part to this token is perhaps, its transparency. Whether you’re a consumer or contributor, you can see how the token is used on the network.

Benefits of BITX

BitScreener uses blockchain incentives such as tokens in rewarding users if you’re a good writer and you were able to put down your thoughts and providing well-researched articles to the platform, you are at advantage of getting rewarded with the BITX token.
Just like Steemit, users are allowed to upvote or downvote a particular post and the result thereof is what determines your reward. So the benefit BITX has here is that you won’t get shortchanged after you put up your article but you will get rewarded if your article was found worthy.
Actions such as writing are transferred into BitScreener Point (BSP) and this is later converted to the BITX utility token. The token issued to you as reward for your contributions is held in Ethereum Wallets such as the MetaMask and MyEtherWallet. So rather than using fiat money to access other locked features on the platform, you can use your token to access other amazing features on the platform.

Becoming a BITX Miner

The BitScreener platform is hinged on the blockchain technology and it is also using the mining process found on Bitcoin. The mining process involves incentivizing miners (the contributors).
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The mining we’re talking about is engaging in similar competitions found on Bitcoin. You’re competing with computers to answer a cryptographic puzzle called Proof-of-Work and if rightly solved, you’re rewarded with the BITX token.
To become a BITX miner, you’re contributing articles, voting an article or participating in the Proof-of-Work. You get rewarded when you successfully accomplish any of these actions.
Your contributions are mathematically-computed after concise evaluation and this evaluation is later converted to BitScreener Points (BSP). BSP then totals your contribution and cashes it out to you in its BITX equivalent.

Best Features on BitScreener

BitScreener has amazing features that will be of benefit to you but I will point five of them that I found very important.

The first one we have here is that the BitScreener ecosystem helps you track your favorite stock and cryptos. This allows be abreast of latest developments and know how to avert any issue that might crop up.
There is also the notification system that offers you pricing and supply of stocks and cryptos. This helps you check and balance your trades. It also aids you in identifying when stocks go up and when they start dwindling.
The BitScreener ecosystem also gathers data from live trading and exchanges. You can now sit back and watch how trading goes on. With visualization tools such as graphs, you can easily know when a stock is volatile or not.
There is an advanced charting with technical analysis to help you reach consensus on how best to start your next trade to avoid liabilities.
Finally, we have the screening tool that filters cryptos and stocks for you to navigate easily and choose the stock or crypto you will trade on.

How to buy BITX during the ICO

Initial Coin Offering (ICO) is a very sensitive period that every smart investors look out for. That is the period when you can take hold of many shares you want. BitScreener will have its ICO and this is the best time for you to buy some of its utility token – the BITX token.
You have to set up an account on BitScreener’s token website and proceed to participate in its ICO. BitScreener is releasing 450, 000, 000 BITX tokens and only 139, 000, 000 will be up for sale at the ICO.
If you want to buy the BITX token during the ICO, the minimum amount you can invest is 0.2 ETH. This might seem too much a cost for especially when the price of 1 Ethereum (ETH) equals 7154 BITX tokens. It will pay off if you purchase some tokens during the ICO as incentives might come your way when the project kicks off.

Conclusion

BitScreener is not a pipedream but a prospective project that will be of benefit to you in particular. The pains you feel when you don’t get rewarded for your contributions will be off the map because BitScreener is coming with incentivizes and right approaches to crypto and stock trading.
BitScreener has working products such as its running products that will reach a greater part of the global audience. If you’re still in doubt, you should call to mind that BitScreener is barely two years but it has so far attracted over 50, 000 Daily Active Users (DAU) and over 1.2 million trades and investors have been on its client-base since 2017.
I know there are risks in business but if they’re risks worth taking, one of them is participating in BitScreener’s ICO and being a part of this unique platform that will use the blockchain and smart contract technologies in disrupting the traditional stock and crypto trading we are using.