Are there any project advantages which differs it from competitors?
We think our biggest competitor in this space will be Wall Street data providers and banks.
Our advantage over Wall Street is that the crypto community, and the nature of cryptocurrencies themselves, makes it harder for large institutions to monopolize value. On our crowdsourced platform, the engineers, analysts and researchers, who are providing the value will receive the bulk of the profits.
In the ICO space, the closest comparable competitors that have done ICOs would be:
1) Santiment
2) Cindicator
3) Enigma
Santiment predominantly provides data feeds and trading signals. Coinfi does that, but also provides crowdsourced research/analysis and trading algorithms.
Cindicator predominantly provides trading signals but does not provide data feeds, crowdsourced research/analysis and trading algorithms. They recently released an arbitrage bot that costs $21,000 USD to access at the moment. CoinFi has a similar product in closed beta that will be released significantly cheaper.
The market is maturing and starting to see the need + demand for quality news, trading signals and algorithms. Santiment is up 275% in the previous month.
Compared to Enigma, we are fundamentally different in a couple of important ways:
1) we are targeting a significantly smaller raise of $15m only vs Enigmas $45m. Because of their massive hard cap, Enigmas token value has dropped whereas the competitors who have raised smaller amounts have gone up.
2) While enigma provides the data, we service the layer above i.e. the signals, news and algorithms that directly help everyday traders make more money. With Enigmas model you need to take their data and program your own tools, while CoinFis platform will be available directly to CoFi token holders.