"Who owns the information, he owns the world."
This great phrase was spoken by Nathan Rothschild. Two centuries later, this remains a very correct and relevant statement. Technologies are developing, progress is not standing still, the fourth technological revolution is already underway, but time and information also remain the most important resources.
I think almost everyone has heard a story about how N. Rothschild earned a huge amount of money thanks to information received about the outcome of the battle with Napoleon at Waterloo. Having learned before all about the defeat of Napoleon in the battle, Rothschild comes to the stock exchange and begins to sell his shares. All other traders seeing this, also begin to sell their shares. At the same time, agents of Rothschild start to buy up stocks at cheap prices. Thanks to such manipulation, the Rothschilds received huge profits. All this was done precisely because the Rothschilds received information a day earlier than other people. This case confirms the importance of true information.
After two hundred years nothing has changed. True information is still a very valuable resource. It is the receipt of accurate information in real-time mode that allows traders and investors to understand the situation on the market and make decisions for making a profit.
However, very often different news turns out to be false. It turns out that content providers pursue their own goals, rather than the goals of ordinary users and consumers. In addition, there is no possibility to check the relevance and truth of the news. This leads to the fact that the provided content and information can be misleading to many people.Often, such fake news is used to obtain not fair profits due to a false increase or fall in the price of any coin or share.
Another problem is the unfair distribution of shares (stakes). Well-known private forums receive revenue by selling advertising or information from their users. It turns out that for their ideas, thoughts, users do not receive any income, it all goes to the leadership of these forums or social networks. It turns out the principles of the current distribution of profits are unfair. The whole system should work for the benefit of people and users of the platform, not just its leadership.
Another problem is the lack of all information about a particular project on one platform (in one place). It turns out that to make any decision, a trader or investor must visit a huge number of sites and resources. It is necessary to collect information on the project on various sites. This leads to the fact that a trader or investor loses part of his profits because of the large time and fragmentation of the data. Everything would be much more convenient if different news were focused on a single platform. In addition, the transparency and truth of the proposed content on this platform would be a huge plus. It is important that there are no stakeholders in the falsification of the proposed data and information.
Separation of financial directions: crypto currency and shares. The huge volatility of the crypto currency attracted many traders and investors. Most often these people used to trade on stock exchanges and other similar financial markets. Many large investment funds are trying to ignore the relevance and huge potential of the crypto currency. At the same time combining on the same platform of crypto-currencies and stocks would attract many investors and traders. An example of this is Robinhood, CME and so on. I think the trade in Bitcoin futures for CME already shows how much the crypto currency is relevant and popular. All the above problems are solved by a project called BitScreener.
BitScreener is a decentralized financial ecosystem that will solve the problems of false (poor-quality) information, unfair distribution of profits, separation of the crypto-currency and shares, the disunity of information and data on the crypto-currency (projects) and shares.
BitScreener takes into account all the shortcomings of existing systems and combines all their advantages. BitScreener creates a platform for hosting various high-quality content with the promotion of blockchain technology. This allows you to objectively evaluate the content of each user and encourage those people who offer quality content. As an encouragement, the user receives BSP points, which will later be converted into BitScreener tokens. Then these tokens can be obtained on your Ethereum wallet, or you can spend them for additional paid functions on the platform.
The BitScreener ecosystem combines the collection and processing of data in CoinMarketCap and Finviz, the possibility of voting in Wikipedia, crowdsourcing of content as in SeekingAlpha and the system of incentives in the form of BitScreener tokens using blockchain technology.
BitScreener contains information about both the crypto currency and the shares. This allows you to remove barriers between these financial instruments and allows traders to quickly make decisions based on quality data on a single platform. It is important to note that at the moment there is already an implementation of this idea in the form of an application on the IoS and the web version.
Use of voting mechanism on the platform allows ensuring high quality and impartiality of content. Any content can be studied by users of the platform and can be constantly improved. This allows you to constantly improve the quality of information on the platform. In addition, the presence of voice and its own profile in each user platform allows you to exclude the possibility of a pamp or dump.
Comparison of BitScreener with known platforms:
The BitScreener architecture consists of two main components:
- a subsystem of financial data;
- content subsystem.
The first component includes data collection (with crypto-exchange, stock exchanges and other news resources), data processing (tables, diagrams), data analysis and visualization.
The second component is just the articles of the platform users for which they are rewarded. The transparency of rewards is provided through the use of blocking and smart contract technology.
Both components of the architecture interact with each other, which allows improving the performance of the system as a whole. For example, a user can study various data and diagrams and write a quality article, and the data processing subsystem selects the most relevant and high-quality content.
Component of financial data.
As said above, this component consists of a data assembly, data analysis and information block.
The data collection receives various data on the opening price, closing price, capital volumes and much more. All these data on the crypto currency are obtained directly through the API of crypto-exchange exchanges, and for shares through service providers. Also, various news from various news resources are collected.
All this large amount of data is later transformed into different diagrams and tables. BitScreener allows you to use the most advanced visualization tools directly on the platform site.
Every trader understands how important it is to get information about a financial instrument in a timely manner and make a quick decision. The developers of BitScreener understand this perfectly and provide a wide choice of notifications for various parameters. Users can receive notifications immediately on their mobile phone. The developers of the project promise that upon completion of the work on the platform, the user will be able to receive a notification for almost every crypto currency or stock represented in the main markets.
The information block offers a huge selection of filtering financial instruments. It will be possible to sort the coins and choose the ones you need according to your parameters.
Content component.
This component works on the basis of blockchain technology.
This component consists of three levels:
- user interface;
- BitScreener data management;
- network blockchain.
Through the user interface, users can read content, vote for it, or create their own content.
BitScreener data management includes Content Verifier, BitScreener Point, BitScreener Token, Content Distribution. Content Verifier is the first security guard of the system. This element checks the content for originality. He compares originality with the internal database and the database on the Internet. Only for the original content the user can get points or tokens. The next step in the review is the reviewers. This allows readers to be sure that this content is original and quality.
After checking the content, it will be sent to the BSP for scoring. Further, these points will be converted to BITX tokens. All information will be stored in the blockchain and will be accessible to each user.
BitScreener Token will provide additional platform services. All this is done through smart contracts. In order to get tokens there must be a certain number of points and must pass a certain amount of time. This encourages users to develop the project for long-term growth.
Content Distribution this element provides popular articles for the target audience.
The third level of the network Blockchain works with the use of smart contracts. This level allows you to distribute rewards in the form of BITX tokens to each platform user.
Project road map:
Token distribution:
Conclusion: the Crypto-currency market is a rapidly developing financial direction. The BitScreener ecosystem contributes to the creation of high-quality content and information. In this case, this project combines crypto currency and shares in one platform. BitScreener provides a new way of earning for readers, reviewers and creators of financial content, which previously did not exist. The use of blockchain technology ensures the reliability of rewards and the absence of fraudulent activities. I believe that this project is really capable of bringing huge benefits to traders and investors. I wish success to the developers of the project.
Website : http://www.bitscreener.com/
Twitter : https://twitter.com/bitscreener
Telegram : https://t.me/bitscreener
Facebook : https://www.facebook.com/bitscreenercom
Whitepaper : https://storage.googleapis.com/files.bitscreener.com/tokensale/BitScreener_Whitepaper.pdf
My bitcointalk account: https://bitcointalk.org/index.php?action=profile;u=149923
My ETH wallet: 0x37D0420dD14bD771bB765B8deF36F0142D97ec9F