Review on Coinvest by Toprak Dere
About Coinvest Token (COIN)
Coinvest is an American startup that develops a range of products and tools for crypto investors and traders. Their goal is to automate and simplify the trading and trading experience for users of all levels.
There are currently seven different products available to the public or in development.
CoinDNA
Coinvest
Coinvest Plus
Coin Safe
Coinvest Safe
Coinvest Debt
Coinvest Trade
Purpose of Coinvest Token: The COIN token is basically a utility token that users can access Coinvest services and use as payment through merchant services. Also, COIN helps Coinvest's goal of simplification, as you can use it to access a range of crypto assets through index funds.
Coinvest is trying to position themselves to offer education and research tools, investment management, asset storage and trading applications under one roof.
Whether they will be able to offer products that can meet the full spectrum of these ambitions remains to be seen.
The COIN token itself is a standard utility token and makes sense for network access. This functionality is easy to see working. However, it is less clear whether it can be used as a payment token as Coinvest intended.
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Pros
- future is bright
- It is the first market of a decentralized investment market. Investing in multiple cryptocurrencies and index funds with one account, one wallet and one coin
- Coinvest will authorize anyone to create a trading basket for custom cryptocurrency asset shares.
Cons
- not listed in most exchanges
- the project should be developed and supported more
