Altcoins CryptoPing to Help Users Navigate the Cryptocurrency Investment World
Antonio Madeira | Jun 20, 2017 | 14:00
CryptoPing is an Instant Message bot for cryptocurrency traders, compiling information from exchanges and presenting it to the user in the form of comprehensive signals.
[Note: This is a sponsored article]
The recent cryptocurrency rally has taken crypto to unexplored heights, amassing a global market cap of over 100 billion and gaining new users worldwide. However, it has also created a FOMO (Fear Of Missing Out) environment where inexperienced traders can lose fortunes in weeks due to rushed decisions based on no substantial research whatsoever.
In a market like this, experienced traders profit greatly from past experience, while entrant users must resort to information hubs. However, quality trading and analysis tools and info are not in abundance in cryptocurrency world, which means that users may be lead to make decisions based on incorrect information.
CryptoPing is an Instant Message bot for cryptocurrency traders. Taking the form of an ordinary chat room, it compiles information from exchanges and presents it to the user in the form of signals, who can then choose to act upon it. The CryptoPing bot clears the overwhelming noise in the cryptosphere and prevents you with the most relevant movements in the market in due time.
Showcasing the need for quality tools in the field, CryptoPing’s ongoing crowdfunding campaign has already raised 65% of the initially expected funds. The CryptoPing IM bot has more than 25,000 active users, with more 500 new daily registrations, currently awaiting the launch of the subscription-based services and social sharing.
CryptoPing: Enhance Your Trading System
The information provided by CryptoPing is based on the trading volume, price movements, change to coin rate to BTC, cryptocurrency market capitalization, and more. This information will be compiled in a manner that quickly tells the user what altcoins he can buy and why, showing the relevant market movements.
Although CryptoPing can be used to enhance your trading skills, allowing you to quickly scope out the market in four different cryptocurrency exchanges and to place your orders based on the provided info, all of your purchases should be accompanied by extensive research. This system allows you to know all relevant information about the investment you’re making and not just the price/volume movements, which can be deceptive.
In the future, CryptoPing’s roadmap includes social trading, an investing app, news and social feeds monitoring, neural network for markets and auto-investing app and more
The PING Token & ICO
In order to fund the development of the CryptoPing project, an Initial Coin Offering (ICO) Campaign is currently taking place, allowing users to exchange Bitcoin in exchange for PING tokens, a crypto-based asset issued on the Waves Platform. The ICO has gathered over 377 BTC so far, with four more days left until the end of the campaign.
The PING token is used as a payment method for the CryptoPing subscription model. Most of the PING tokens used for payments will be burnt for the first six months, which allows the total supply of 10 million to decrease.
So far, CryptoPing has been able to gather 65% of the expected funds. With over 2202 investors worldwide, CryptoPing will be able to deliver a globally accessible product that can be used by anyone that has access to an IM app like Telegram or Slack.
Can CryptoPing become a standard tool for experienced and novice traders alike? Share your opinion below!
Images courtesy of CryptoPing, Shutterstock
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