Carboneum is Revolutionizing Trading

stazhao (61)in #cryptocurrency • 6 years ago (edited)

Carboneum is developing a platform with a new idea that will revolutionize trading. The idea they are using to develop their trading platform is unique, no other traditional or crytpotrading platform provides what they will provide. They will provide a leader and follower service on their trade platform. This leader and follower idea will make trading less risky and more profitable for many new traders and professional or more experienced traders can highly benefit from this technique as well. Their trade platform is very beneficial to all traders (followers and leaders) because it aligns both their interests and they both profit.

Followers, as the name suggests will follow or copy the portfolio of a seasoned professional trader in exchange for a small fee. Follower, is targeted towards novice traders because it can help them improve their trading skills by using a leader’s trading strategy and portfolio. However, anyone can benefit by being a follower, “Users can choose expert traders to follow, establishing a ‘follower & leader’ type of relationship, based on the expected returns and risk preferences, and delegate the authority to execute copied trade orders automatically to Carboneum via smart contract system” (Carboneum.io, Whitepaper, 2018).

Leaders can provide their portfolio and strategy to followers in exchange they will receive a fee from each individual follower they have. “In the event that users generate positive results from any trade orders copied from the leaders, users will be charged a certain percentage based amount of fee by the system. The system will then transfer the majority of that fee to the leader as a mark-up for their service” (Carboneum.io, Whitepaper, 2018)