Michael Bloomberg became a billionaire selling access to information. The Bloomberg Box has become the Colt 44 of Wall Street traders, the must-have weapon of success. Today’s crypto marketplace has much in common with the Colt 44’s Wild West; “to the moon” traders are today’s cowboys. One young company at the recent C3 Cryptocurrency Conference in Berlin hopes to become the information arms dealer of choice, providing information to a mass market the way Colt provided security and Bloomberg provides information to Wall Street elites.
Coin Analyst is a Frankfurt-based start-up created as a spinoff from an existing data analytics firm. Cogia Intelligence uses artificial intelligence, semantic indexing, pattern recognition, sentiment analysis, and other data research tools to provide actionable information from social media. Cogia clients include such industrial leaders as Volkswagen, BMW, and Continental.
Cogia sells its services to big business; Coin Analyst wants to equip the masses with crypto insight. The stated goal is to make cryptocurrencies understandable and transparent. “We intend to be the ‘volksbloomberg’ of the ICO and crypto space,” says Coin Analyst CEO Pascal Lauria. “We want to provide actionable and reliable indicators for successful trading.”
Coin Analyst will offer a real-time dashboard of news, price quotes, and messaging. The service will monitor the crypto industry using its data mining tools to report on trends and insights.
The Coin Analyst “pre-ICO” starts June 15, 2018. We put “pre-ICO” in quotations, because technically the liquidity event is not an initial coin offering. Instead, Coin Analyst calls it a “Initial Token Sale,” but uses the more common term ICO to describe the event. The sole purpose of the Coin Analyst token (COI) is to pay for services. The company does not envision their token — an Ethereum-based ERC20 utility token and smart contract — becoming a traded investment asset.
“CoinAnalyst has no influence on whether COI can be sold or traded outside the CoinAnalyst ecosystem,” notes the company white paper. “Using the COIs within the Coin Analyst ecosystem will provide additional benefits for the users – and network benefits to further stimulate CoinAnalyst’s growth.”
Bloomberg charges hefty fees for its services. Coin Analyst plans on a range of services starting at €20/month. Much of their marketing will be aimed at retail investors. “We want to be the sheriff,” says Lauria. “Somebody needs to protect the community. There are no P/E’s to work from, no price history. So we analyze social media. Our foundational pillars are social media, news, and other sources.”
Coin Analyst won’t recommend which coins to buy or otherwise provide investment recommendations. “We distribute hard facts,” says Lauria. “Interpretation is up to the user; we provide the signals.”
The Coin Analyst has 21 employees and advisors; 11 are developers. Counting the original R&D at Cogia, the technology of Coin Analyst has been in development for seven years.
More information: http://www.coinanalyst.tech/en/