The aim is to build a next-generation cryptocurrency social network, providing social feeds, streaming market data, technical analysis, sentiment analysis, multi-asset type wallet integration and integration with a growing number of cryptocurrency exchanges.
The token sale start date will be 23 July 2017, 9 AM UTC and end 7 August 2017, 9 AM UTC. It will be an open Ether (ETH) capped token sale to raise funds for the investFeed project to enable them to add more features to the platform. The company will be raising a minimum 1,500 Ethers and maximum 28,000 Ethers (both inclusive) during the token sale & presale.
The proceeds of the funds raised will be used to deliver on the goal of disrupting the cryptocurrency industry and create a single gateway to the market that is open, transparent, and rewards-based for all users and contributors. This will entail additional human resources within the team to deliver on the development roadmap.
Most of the funds raised will be allocated to this development task. The plan is also to allocate 20-25% of the raise to marketing in order to drive community awareness and grow the community user base.
investFeed’s whitepaper provides in detail their cryptographic token called FEED, which will be used to incentivize users to generate quality content. This social media model ensures that relevant and interesting content will be found on investFeed, as users can earn FEED Tokens for these contributions. In return, users can purchase premium content from other members using these same tokens. Content creators looking to grow their audience may also promote, or “Boost” their content by posting a sponsored link or video to attract paying customers using FEED Tokens as well.
The new platform being developed will have 7 components:
- social networking capabilities
- live-streaming feeds and channels for cryptocurrencies and projects
- cryptocurrency market data and charting
- trending assets and watch list signals
- wallet and exchange integration
- marketplace capabilities via their FEED Token
- advanced trader tools, such as advanced portfolio analysis and backtesting capabilities.