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Author Topic: 📈SociumTrade 📉 – Social Trading & Investment Platform  (Read 962 times)
SociumTrade (OP)
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September 17, 2018, 05:47:50 PM
Last edit: October 22, 2018, 01:28:03 PM by SociumTrade
 #1

SociumTrade
Building the financial future – block by block


The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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LittleMermaid
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September 18, 2018, 02:37:22 PM
 #2

so what blockchain your exchange is going to be based on?
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September 18, 2018, 02:48:24 PM
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firs want to check out the software you say you're going to lay out before being all critisizing  Tongue
SociumTrade (OP)
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September 18, 2018, 03:50:27 PM
 #4

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.
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September 18, 2018, 03:52:08 PM
 #5

so what blockchain your exchange is going to be based on?
On the basis of the EOS.
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September 18, 2018, 03:54:52 PM
 #6

firs want to check out the software you say you're going to lay out before being all critisizing  Tongue
Make sure to subscribe for the newsletters at https://sociumtrade.com so you don't miss the launch date!
Helena Ruben
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September 18, 2018, 09:04:14 PM
 #7

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.

Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
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September 20, 2018, 07:20:42 AM
 #8

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.

Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.

good question. I guess it's possible, as all trading operations are recorded on blockchain. However, i'm interested if there're any tools which can warn me about suspicious operations done with my investment? I don't have time to monitor trader's activity permanently and I want to be sure one minute unattended won't ruin the lion's share of my capital
 
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September 20, 2018, 10:12:05 AM
 #9

Are you planning to have some rules for joining consortiums? Personally, I find it one of the best ideas of the project. And will there be any geographical restrictions for traders?
Helena Ruben
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September 21, 2018, 05:41:59 PM
 #10

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.

Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.

good question. I guess it's possible, as all trading operations are recorded on blockchain. However, i'm interested if there're any tools which can warn me about suspicious operations done with my investment? I don't have time to monitor trader's activity permanently and I want to be sure one minute unattended won't ruin the lion's share of my capital
 


Also, the contract and legal part, how the relations between trader and investor will be arranged legally? Should I have my own contract templates, trader will have his own or platform will have?
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September 21, 2018, 07:02:32 PM
 #11

Beginner traders' portfolios are highly likely to fail among portfolios of experienced ones - if you attract some, of course. No one wants to trust his capital to someone with almost no background. Have you thought about the ways of managing it? It would be a great chance to start.
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September 22, 2018, 08:40:25 AM
 #12

What is the launch date?
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September 22, 2018, 09:53:34 AM
 #13

so what blockchain your exchange is going to be based on?
On the basis of the EOS.

only trade coin use eos platform
i think if only eos platform very deficult can get much trader can trade in youre site, because eos platform still not popular

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Helena Ruben
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September 23, 2018, 09:59:01 AM
 #14

so what blockchain your exchange is going to be based on?
On the basis of the EOS.

only trade coin use eos platform
i think if only eos platform very deficult can get much trader can trade in youre site, because eos platform still not popular

Lets be positive about it, yes, EOS seems complicated for me as well, but Trader platform - must have lots of features combined with blockchain, because of scalability - it seems EOS is a right decision, though its just recently launched. Besides - consider the fact that EOS has no transaction fees hidden.
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September 23, 2018, 10:04:00 AM
 #15

What is the launch date?

I believe you need to subscribe on their site to get an answer, Im also waiting for the launch date information. There is no any info yet announced.
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September 23, 2018, 10:22:12 AM
 #16

Is there gonna be an ICO launched for this project?
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September 23, 2018, 02:15:27 PM
 #17


I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?

I like the idea of Pools  - would like to know more on how to join investment pool, as well as will it be possible to organize own?
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September 23, 2018, 04:56:11 PM
 #18

What is the launch date?

I believe you need to subscribe on their site to get an answer, Im also waiting for the launch date information. There is no any info yet announced.

Already did  Smiley Hope it will be announced soon. I am not ready to invest much in crypto now, since btc is still going down, but very curious about their strategy and team.
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September 24, 2018, 12:35:18 PM
 #19

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.

Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
Did you even read the original post though? it's going to be handled via smart contract, so that a trader can not violate the initial agreement, which makes perfect sense. Plus all traders' transactions history is going to be visible through the blockchain, and that's the beauty about it
SociumTrade (OP)
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September 24, 2018, 05:45:24 PM
 #20

the concept is promising. how are you going to distinguish pro traders from the beginners though, and will it be possible to start as a trader from the outset via your platform?
Thank you. Traders will be able to build their reputation by showcasing the skills and performance on their profile pages. Profile pages will highlight strategies and performance records archived on the blockchain, performance and risk grades, peer-to-peer reviews and endorsements.

Recently started my journey in crypto jungles .... with lots of skeptical thoughts, how can I be sure that my money won't be scammed if I trust my funds to individual trader that I have found on your site? You say, they build their reputation with information on the profile, but they can say anything there? If its possible to see their past trading operations, what can you/trader provide as a prove of it? We all know it's risky business, but at least I want to be sure I trust it to the right person.
As John_stalk and carrieM have already replied to you there, traders' reputation will be based on their records of trading that blockchain makes transparent and visible. Plus all of the terms of the agreements between traders and investors will be stored on and enforced by smart contracts.
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