altFINS has launched its native currency, $AFINS, to reward and stimulate the adoption of the altFINS platform. It is part of altFINS’ mission to expand the platform, add new features and scalability to elevate altFINS to the next level.
Since its launch in August 2020, the platform has grown tremendously with a community of tens of thousands of members, which validates its value proposition. The altFINS user base in 2Q-2021 reached over 130,000, up by 300% compared to 1Q-2021. In addition, the platform has attracted users from all parts of the world, showing its global appeal.
Details about the AFINS token sale (both private and public sale) will be announced soon. In the meantime, altFINS plans to expand and enhance the platform in four key areas:
- Analytics – Expand the list of technical indicators, signals, and patterns.
- Marketplace – Integrate third-party data sources, such as social media sentiment, fundamental data, research, and more.
- Trading & Portfolio – Expand exchange and wallet integrations, portfolio, P&L, advanced trading order types, and algo trading.
- Mobile – Launch a lite mobile app with patterns, curated charts, alerts, and news.
There are currently an estimated 221 million crypto investors worldwide. And this number is growing rapidly, especially in recent months, indicating that crypto adoption reached a tipping point in 2021. Although digital asset popularity is growing, there is still a lack of robust tools for analytics and asset tracking, which means that active traders struggle to find and execute profitable trading opportunities.
The vision of the company is to bring efficiency into the investment process in the digital assets space by covering the entire workflow, from:
- pre-trade analysis (investment idea generation, technical indicators, fundamental data, screening, charting, alerts, news, research); to
- trade execution across exchanges; and
post-trade analysis (asset tracking, P&L, NAV, risk analysis, etc.)
The FINS utility token is the backbone of the altFINS ecosystem. $AFINS is designed to reward the altFINS community and recognize them for their loyalty while creating new opportunities for engagement on the altFINS platform. Users get rewarded in $AFINS for activating their accounts, creating content, making referrals, learning about the platform, and trading through partner exchanges.
The $AFINS Token will also have a variety of utility-based uses. Apart from being a native currency on the altFINS platform, $AFINS token holders get priority access to new platform features, including automated trading algos, education webinars, etc. Additional benefits include discounts on subscriptions, exclusive rewards, and other valuable opportunities on the platform.
altFINS team believes that the launch of the $AFINS token will further accelerate the timeline for product enhancements and user adoption. Raising funds through $AFINS will enable the company to perfect its innovative suite of trading tools for crypto traders to analyze and track digital assets more efficiently and profitably. Furthermore, by incentivizing the community with $AFINS, we can encourage contribution and use of the platform. That will consequently increase the awareness and utility of the altFINS platform, further benefiting our community.
Richard Fetyko, CEO and Founder of altFINS, said: “We built the altFINS platform out of frustration with the lack of robust tools to identify trading ideas and strategies in the altcoins market. A solid technological foundation has been laid and tens of thousands of traders are already benefiting. However, we realize that to take this platform to the next level, we have to tap into the collective wisdom of a broader crypto trading community. The launch of our native AFINS token is the first step in achieving that goal. It will provide the incentive structure for the community to adopt the platform, contribute content, promote it, and provide feedback, all of which should further enhance the value to the entire user base. Join us on this journey!”
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