TrakInvest – AI powered social trading on blockchain to help you trade better
The organization plans to expand across multiple locations and to support that, the company has entered the market with an ICO. It recently concluded the pre-ICO receiving an excellent response from the public investors raising $13.92 million.
TRAK is the token introduced by TrakInvest. 66 million tokens were up for sale in the recently concluded pre-ICO while ICO is ongoing, ending on March 7. The supply of this token will always be limited while the demand of this token is likely to rise due to the many initiatives by the firm going ahead.
A fin-tech and ed-tech company at its core, the organization has achieved huge traction with 100,000+ users of which 35K are using this service daily. The reason behind TrakInvest’s success is a combination of its business model, its product and its stellar management team.
TrakInvest is built on the concept of Learn, Share and Earn. Each user is given virtual cash of USD 100,000 when he/she signs up. As the user buys and sells stocks across 9 international exchanges, his/her actions are captured and churned by powerful algorithms to rank users with the highest portfolio gains. These top users can then be followed by the new users that signup and those that want to learn to invest as a life skill.
Dheeraj Sharma, a veteran investor from Mumbai spoke to AMBCrypto and says,
“I am generally skeptical about cryptocurrencies and these new age ICOs but TrakInvest seems to be different. It definitely shows promise and I hope they do well. They have a great product and a great team who has shown results in the last 3 years of being operational unlike other ICOs that are simply a project on paper”
The full potential of decentralization will be utilized to make micropayments within the platform to support transactions and also promote socially responsible trading practices by partnering with various exchanges. TrakInvest has also established partnerships with Edelweiss, HDFC Securities, Karvy, Siam Commercial Bank to name a few.
A lot of companies are coming into the market with innovative solutions. The market is still new to the public and they are yet to understand the pros and cons of the businesses. The user base of TrakInvest is expected to be at 3x the current levels with the launch of the TrakInvest Show Season 2 (India), the launch of Siam Commercial Bank Investment Centre and investment labs at Universities in Thailand and India.