Plutusfi is a social trading application designed to empower cryptocurrency trading communities by providing social trading convenience services through a B2B2C model, with the following product features.
- It’s as easy as chatting to discover and post quotes
- Creating trading robots with just one click
- The “Earn while you trade” Defi style of money earning model
PLUTUS was the god of wealth in ancient Greek and Roman religion. The mythical PLUTUS selflessly provides wealth for all people and is therefore regarded as the “god of wealth” in Western cultures. PlutusFi social trading application aims to socialize trading behaviors and financialize social media platforms. It allows users to “trade while chatting and earn while trading”.
Since the advent of cryptocurrency, the cryptocurrency market has experienced rapid growth, with cryptocurrency exchanges as the main platform. Cryptocurrency investment is highly sensitive to market quotations, which makes cryptocurrency trading highly socialized, such as the rapid development of various trading communities. As social media giants of the Web 2.0 era such as Facebook and Twitter pushed Internet socialization to new heights, the Web 3.0 era has brought new historic opportunities for vertical social networks in the financial area.
The role of social networks in the financial world is of particular importance for the cryptocurrency financial market. As a result of the high degree of “online” and “decentralization” of the cryptocurrency market, there is a high demand for investment information. Nevertheless, accessing the information can be very difficult due to the high speed and frequency of transactions in the cryptocurrency market. As a result of the high levels of anonymity of the cryptocurrency market, information sources are mixed, and the credibility of information sources and dissemination channels, as well as information quality, is also more complex than the traditional financial markets.
The PlutusFi social trading application facilitates the tracing of information sources by constructing a decentralized financial social platform and utilizing blockchain technology. With the principle of pass economics, setting up the incentive mechanism for the financial community to join the social platform, and making full use of the “node” advantage of the Key Trading Leaders (KTLs) of the financial community, will make social information flow can be more reliable. In line with pass-through economics, we design a platform incentive mechanism to encourage financial communities to join the social platform and give full play to the “node” advantage of financial community opinion leaders to combine communication flow and financial investment flow.
Specialized financial social platforms have started to emerge, such as Seekingalpha and StockTwits, which are research platforms on various assets like stocks, bonds, mutual funds, and ETFs to fulfill the need of people to invest, allow users to post articles, exchange investment views with other users, and use social interaction to help them make investment decisions.
Plutusfi is a social trading application designed to empower cryptocurrency trading communities by providing social trading convenience services through a B2B2C model, with the following product features: (1) it’s as easy as chatting to discover and post quotes, (2) creating trading robots with just one click and (3)the “Earn while you trade” Defi style of money earning model.
For more information on PlutusFi, visit plutusfi.io, follow @PlutusFi on Facebook, Twitter, Instagram, Medium and Telegram.
2021 Dec.
Apollo.
