One way EPIPHANY’s Exchange will add unique value to the landscape of DEXs
While the NEO based EPIPHANY Exchange (EPNex) will certainly raise standarts concerning professionalism, artifical intelligence, security and reliablilty among other leading Digital Asset Exchanges, this article will focus on one very unique feature adding a huge value for novice investors: Brokerage Service.
Introduction
Some words about myself. I was fortune enough to hear about Bitcoin back in 2013 when a friend of mine told me about it on his birthday party. He convinced me to invest some money and when the Mt.Gox crash came I lost my enthusiasm and paid no further attention to it. In January 2017 I realized that my inactivity turned out to be they right “strategy”. As we all know it was the start of one crazy year for cryptocurrencies. Early believers like me and the recently attracted crowd witnessed how people made thousands of dollars with little investments and some even became millionaires. Everybody wanted to join and the first questions arised. Where? What to buy? When?Whom to trust?….
Investing Issues
Today the Situation did not change. In fact decision making has become even more vastly complex as there are more market participants, influencers, technological innovations and improvements. As if this wouldn’t already be enough to build entry barriers, the hype around the crypto industry not only attracted potential investors and adopters but also an enourmous increased number of “black sheep”. Besides criminal activities like hacking and insider trading, market manipulation and all kinds of other frauds such as impersonating are common and aim at either create fear, uncertainty and doubt (FUD) or fear of missing out (FOMO), depending on the strategy of the actor. Besides this security and reliablitiy concerns investors are faced with an overwhelmingly large choice of different cryptocurrencies.
for original findings see Sowa Labs 2018
EPIPHANY’s SOLUTION
EPNex has a very unique feature to address these concerns that will probably pull down some of the market entry barriers: Epiphany’s Brokerage Service! This is probably very valuable for novice investors and traders with little experience and/or big doubts. They are usually following some “youtube /twitter gods” without having knowledge about their success rates or hidden motivations.
for original findings see Sowa Labs 2018
On EPNex you will (besides trading on your own) be able to find and select a broker and chose an amount / percentage to follow his steps. All brokers will be subjected to KYC, AML, CREDIT INVERTER regulations and have their qualifications verified by FinCEN. A second group of star investors for whom the follow service becomes operational consits of the High Net Worth Investors. Again strict requirements (KYC, AML, account balance of EPN, transaction volume) have to be fulfilled. Furthermore users can evaluate the Brokers skill by a ranking system. The components are Profit/Loss ratio, trading volume, entrusted user number and other data. Additionally EPIPHANY will offer comparison tools such as asset allocation charts and trading strategies to allow novice investors to compare their performance with those of successfully established investors.
The big issue of trustworthiness is solved!
for complete information see EPIPHANY’s Whitepaper 2.0
The Brokers will receive management fees, brokerage commissions and tips from users (rewards). Also there will be weekly and monthly rewards on the platform. Furthermore successful brokers are likely to get recommended for different projects.
Conclusion
I think the above described service is very unique in the landscape of digital asset exchanges. By offering an adequate tool to decrease entry barriers and reservations of potential investors it could help to increase the trading volume and circulation of digital assets while stabilizing market prices.
Final remarks
EPIPHANY’s vision is to
“become a first-rate global superior trading platform for digital assets; enabling licensed institutions to smoothly
establish their own digital assets trading system within the EPIPHANY ecosystem; enabling each participant to trade > with confidence and security; and enabling regulatory agencies to monitor EPIPHANY operations in real time to ensure
openness, transparency, and compliance.”
(Epiphany Whitepaper)
As my technical and economic know-how is improvable I strongly recommend to do your own research as EPIPHANY has much more to offer than the service this article focussed on!
References
Sowa Labs, Survey #thefutureofcrypto, 2018
EPIPHANY Whitepaper V2.0, FEB 2018