Bitscreener: An Innovative Financial Ecosystem Providing Unbiased Information to Help Traders

zeeshan003 (53)in #ico • 6 years ago

Trader base their decisions mainly on the news after self-analyzing its impact or merely relying on the opinion of the majority. One must agree to the power of information in trading world before reading this piece any further. We can reference one such example from a recent past where a Muslim scholar declared Bitcoin trading as legal in Islam and the Muslim traders flocked to the exchanges to boost the price of Bitcoin in only few minutes.

Our main source of information are either the television broadcasts or newspapers. The problem with these sources is that they provide a one-sided opinion to protect the interest of their masters. It is obvious that every media house has its own policy either against someone or for someone which remains blindsided from the traders. This biased information leads them to make trading decisions which are by default manipulated. Bitscreener is an innovative blockchain based financial ecosystem which provides two-sided/unbiased information to the traders which helps them decide objectively before executing a trade. Users feel more powerful on this platform where they can communicate with each other, comment on different news stories and see what others are saying about it so that they could gauge the opinion of the majority.

It is not one of those platforms which only work in favor of their masters but it treats every participant fairly regardless of its job. The traders will get benefits in shape of a true two-sided information in shape of charts, graphs, tables, news stories, articles while the stakeholders of the Bitscreener will be seeing more traffic to their platform because of this. Even the participants who generate quality content such as a well-researched original article or even participating in just up-voting or down-voting activities are also rewarded by Bitscreener.

There are so many different options on a trading platform but most of them are restricted to either stocks or just cryptocurrencies. However there are few who are incorporating stocks, cryptocurrencies and other equities but a need for a decentralized platform was the need of the time. Bitscreener allows crypto and stock trading and information sharing. We have recently witnessed millions of new users of Robinhood after they launched cryptocurrency trading option to their platform. Similarly, this ecosystem will be witnessing a large number of users. All the user groups will be getting advantage of this unified data sharing.

With this feature the platform allows all the content generators to share their information, give suggestions, edit it or exchange information with each other. It is innovative than the traditional social platforms because it uses blockchain technology and smart contracts. It has three layers with user interface as the first layer, Bitscreener Data Manager as the second and Blockchain based network as a third. All of these layers are well integrated to form an efficient and transparent content subsystem.