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Investing has always been a major option for those who didn't want to take the usual road, getting a nine to five job. It is for those types of people whose mentality was to make money work for them, not the other way around. They never would want to work for money. This is actually the right way to go about it in life, but due to the constraints that we face such as in the case of supporting our families, education or repaying loans that we had taken, we resort to getting a job where we basically work for the betterment of the company and the individuals who are above you and those who own the company.
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You never get be your boss, all the decisions made for by someone else to whom you're liable to report to. Those who realized this soon enough had the chance to get out the system but those who realized this later, are too deep into it with no chance of escape. People who realize this even before getting a job, have lots of other options. One among them is Investment. But that too requires you to be very diligent and focused.
But what it offered was that you could be your own boss, make the decisions for yourself and anything that you do is for the betterment of your financial status. It also required you to stay updated on the current affairs and create a schedule and sticking to it. Those who think to make a quick buck out of investing are the ones who lose everything that they put in. They take it as just another type of gambling where they try to predict the market and where it would head in the future.
Reading this may seem too silly for anyone to do, but that is what the newbies or the ones who get too heady over getting a small profit on investing do. Instead of reducing their risks, they try predicting the future and place their bets.
Also, with the introduction of cryptocurrencies have led to a whole different scenario, where everyone and anyone is trying to get a piece of the action and are investing money left and right in ICOs. Many just jump aboard hearing the success stories of few experienced as well as lucky ones in the field and think that they can recreate it again. All this is just lack of knowledge and due to misinformation being spread around. This and the fact that the traditional market is littered with well-established players who power of say is way the market moves.
Coinect Platform
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They plan on solving the above mentioned problem by setting up their own platform where they allow its Token Holders and users to be able to access their suite of Investment Analysis which is powered by Artificial Intelligence and Machine Learning. This means that with enough data and training, it can basically predict the future of the market with minimum errors, allowing us to set exact returns on our investments and see ahead of other players.
It also allows for arbitrage, the ability to take advantage of different trading rates of the same coin in different exchanges for a profit, which is also powered by AI and Machine Learning which drastically decreases the risks involved as there is no human intervention involved. This proves to be their MVP that distinguishes them from the rest of the competition.
ICO & Team
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They plan on powering their platform by introducing the Coinect (COI) Token which is based on Ethereum's Smart Contract Platform. They plan on holding their ICO on 25 Jun and it requires for you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO.
The Founders and rest of the team has adequate experience in Full stack Development, Trading, Python, C, Database Development, Blockchain, and Marketing respectively. The advisory board consist of an experienced individual who specializes on Social Media Marketing and has previously been the advisor for quite a few Blockchain Projects.
Conclusion
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There are a lot of players in the field who offer the same thing that they offer, some better and some worse. This is a really saturated market with many players in both the traditional as well as the crypto space.
They seem to be a bit lacking in the Team department, where they could use a advisor or too for backing them up. ALos, their MVP is just another feature offered by many of the well-established player.
It remains to be seen if they can provide what they promised and they have to do something really unique in order to gain enough market traction.
**Website** - https://coinect.com/
**Whitepaper** - https://coinect.com/WP_en.pdf
**ANN** - https://bitcointalk.org/index.php?topic=4419682.0
**Telegram** - https://t.me/coinect_ico
**Published by -** coineaglebt
**Btalk profile -** <https://bitcointalk.org/index.php?action=profile;u=1936073>