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The Financial Industry has continued to suffer from the loss of customer trust and low levels of retail participation. A number of innovative platforms that empower individuals through automated systems and social networks are disrupting the traditional retail brokerage and investment management models.
One such company, TrakInvest, has been changing the Financial Services landscape across Asia since the past 3 years. Headquarted in Singapore, with operations in India, Thailand and Hong Kong, TrakInvest, at its core, is about “Crowdsourcing of Financial Wisdom” and rewarding its participants in a decentralized economy based on performance and insights.
TrakInvest is the world’s first virtual social trading platform that crowd sources fundamental and social trading data to generate profitable trading signals and ideas. With a growing community of 100,000+ users, the platform is available on web, mobile and facebook messenger providing users the ability to build virtual trading portfolios, share and learn on a peer-to-peer basis and gain certifications and employment opportunities in the financial services sector.
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The rising demand from the TrakInvest community has prompted the firm to make the next move to the blockchain ecosystem and launch its own cryptocurrency. This currency known as the “TRAK” Token is based on Ethereum ERC20 standards. The token launch will introduce a reward economy where the producers of trading data, insights and sentiments will be globally rewarded in a transparent and frictionless manner. Backed by a powerful tech stack and the strength of Ethereum’s Open community network, the ecosystem has a strong technical foot holding.
The TRAK token is a unique token that is a spendable token that will be used by users to pay for the services provided by TrakInvest and also to earn money for sharing trade ideas on the platform. The TRAK token is a spendable token backed by the platform and an investment that grows with the platform too.
The platform which currently provides virtual equity trading will also be introducing a virtual trading platform for cryptocurrencies and the next generation of “crowdsourced” sentiment tools for equities and cryptocurrencies. These proprietary tools will be developed using the social trading data and behaviour collected for the last three years. TrakInvest aims to empower the retail investor with all these tools to create a level playing field removing the information asymmetry that has plagued them for so many years. TrakInvest will also be launching its physical academies to not only promote investing as a life skill but also to expose, train, and re-skill investment and technical talent on blockchain and cryptocurrencies.
To fuel the geographical and product extension, Trakinvest is raising USD 30 million through its Initial Coin Offering (ICO). Details of this ICO project are available on www.Trakinvest.ai
TrakInvest is backed by a highly experienced management team and an advisory board. The senior management of the team has held leadership positions in leading firms including J. P. Morgan Partners, AIG, State Bank of India and ICICI Securities. The global advisory board is comprised of individuals and existing investors with strong global experience and exposure in technology, telecommunications, media, cryptocurrencies and financial services. They have held leadership positions in companies including Spotify, Siri, Summly, Bitcasa, Fixmo, Ginger, Desti, Magisto, Nexon and StudioX.