Trading, investing, and any other such economic activity can be a worrisome and risky proposition. Even the most seasoned of investors can be duped into making a bad deal, resulting in significant losses.
But not every investor is a pro. Some may just be starting in the business, trying to find their feet. These ‘newbies’ may be most at risk to lose out through unwise choices.
Cryptopus: blockchain platform for traders, investors, and keepers
Check our updated Road Map! pic.twitter.com/GMUy048NTT
— cryptopus (@cryptopusco) February 24, 2018
According to its marketing blurb, Cryptopus is “a secure, open-sourced, social marketplace, where each trader has its own rating. Investors have the opportunity to choose a trader and decide for how long he wants to deposit money to the trader’s generated wallet.”
Users of the Cryptopus platform are divided into three roles, depending on their individual goals:
- Traders – an entity registered on the platform as a Trader will seek business with Investors. A Trader entity can be a robot controlled by a human.
- Investors – these are the people who seek to make a profitable investment through a Trader’s knowledge and expertise.
- Keepers – those registered as Keepers will safeguard the Cryptopus database on their machines.
Image credit: Rawpixel.com/Shutterstock Business technology today is full of wonderful timesaving tools that allow you to do a lot with …
The Cryptopus platform uses algorithmic matching to find the best fit for Investors and Traders.
— cryptopus (@cryptopusco) December 2, 2017
Cryptopus in figures & quick facts
- Token name – Cryptopus token (CPP)
- Total numbers of tokens issued – 100,000,000
- Total tokens for sale – 35,000,000
- Token worth – 1 ETH – 800 CPP
- Pre-ICO – December 2017
- ICO start date – February 26th 2018
- ICO end date – May 1st 2018
- Softcap – 5,000 ETH
- Hardcap – 35,000 ETH
The Cryptopus token
The Cryptopus token (CPP), which is based on the ERC-20 standard, will be distributed as follows:
- ICO – 39%
- Reserve – 30%
- Project – 30%
- Bounty – 1%
I just published “Meet our new advisor, Vladimir Nikitin!” https://t.co/9hKH4mYnWI
— cryptopus (@cryptopusco) March 10, 2018
The Cryptopus site lists nine people as the core team, plus eight advisors.
It appears to be a strong team overall, fielding expertise across a variety of disciplines, including programming, blockchain, entrepreneurship, etc.
The advisors’ panel complements the team rather well, adding value to the overall proposition.
Social media presence and digital footprint
Here are the social media numbers for Cryptopus at the time of writing (mid March 2018).
- Twitter – 470 followers
- Facebook – 49 followers
- LinkedIn – 12 followers
- Medium – 37 followers
- Telegram – 487 followers
These figures are rather low, so the Cryptopus social media / community managers have a long way to go to reach an established brand.
There are dozens of ICOs providing investment platforms on the blockchain, for a variety of markets and purposes, so Cryptopus enters a very crowded market indeed, which may hinder its progress, or stunt it altogether.
We are happy to share with you, that our KYC whitelist is now open to participate! Visit https://t.co/degqt6W6pG for further information! pic.twitter.com/mexp42jDhv
— cryptopus (@cryptopusco) February 26, 2018
Consult Cryptopus’ white paper for more information about the platform, additional features and services, etc.
Today a new article , “Chart & Trading patterns in Сryptopus”, was published at our @Medium.
This post is fully dedicated to our future AI development, that is designed to analyze trading history of professional cryptotraders within crypto exchanges.https://t.co/injLX2uGjH pic.twitter.com/qogDrpj4zi
— cryptopus (@cryptopusco) March 10, 2018
There is little to flaw with Cryptopus, apart from its poorly-written white paper. Why ICOs neglect such obvious need to present a neat and readable product to sell themselves is one of the biggest crypto-mysteries out there.
In any case, Cryptopus’ proposition is clear and straightforward. However, the cryptocurrencies ecosystem is already overloaded with investment platforms. Cryptopus is merely another one in a very large stack, which may collapse at any time.