Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance. Cryptocurrency trading can be challenging but the ability to bounce ideas off other traders could make a significant difference.
When looking at new opportunities, it’s always important to look at the existing industry issues and determine whether the new technology/platform is making things better. In this particular case, the answer is a resounding yes.
There are four current issues with the cryptocurrency trading markets:
Aluna.Social has the following advantages as it relates to addressing the above issues:
Additionally, the company’s native token economy (ALN) will be interwoven into the company’s social trading platform to improve incentive mechanisms.
The real goal of using this platform will be for traders to use the provided tools in order to become better traders. And, this will be taken to the next level with gamified social trading. Users will be able to earn ALN, by building reputation through frequent contributions. Once earned, users will be able to spend their earned ALN tokens through the platform in order to get discounted or free access to premium features. Lastly, for those traders who are feeling uber confident about their predictions, they will be able to even stake ALN in a sort of “put your money where you mouth is” type environment.
Many traditional proprietary trading firms require traders to stake some of their own cash before they’re allowed to trade. It makes them more trustworthy. You can say the same about Aluna.Social as those choosing to stake their own tokens on their predictions will, at the very least, appear to be much more credible.
The Aluna.Social platform is both a compelling and intriguing option for those crypto traders who like to share ideas and information before placing trades. It certainly is advantageous in traditional markets so there is absolutely no reason why it shouldn’t be useful for crypto traders. The platform has done a solid job of addressing the weaknesses in today’s crypto market and even taken it to the next level with its native token economy. It will be interesting to see how this evolves over the coming months and years.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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