soon exchange IDAP, EMX, SpotCoin coming, for example. Do you have a comparative analysis with various exchanges? How do you intend to attract traders?
Hello, we did not make a comparative analysis, all these exchange, especially SpotCoin, are great. But it is a good idea, I can work on that next week.
- From what we can say, regarding value proposition : IDAP proposes various asset, so does Jarvis. They also deliver derivatives, and free trading.
- Spotcoin shares its revenues with token holder, so does Jarvis.
- EMX is like IDAP, but with trading fees and less derivatives (only futures).
Jarvis has a different value proposition: access to the same markets to these exchanges, but also to Dapps, and the interoperability between assets; so you can trade Apple from bitcoin, or Oil for gold. Assets within Jarvis can be utilized as a medium of payment, as a collateral or can be lent. User can create their whole ecosystem around the exchange, it is not another exchange.
Jarvis value proposition is about experience, not about creating another exchange with more products. Plus, from a UI point of view, we do not use TradingView like all the others, but our own charting library; the UI features will allow any developer to create a plug-in on the top of the platform (we are very developer orientated), will enable to monetize content, analysis, so it will be perfect for influencer and trading communities.
Trading communities are important for us, as we are leading one in France (19k+ Fx traders), and our ambassadors as well in Spain or Germany. This will give us a very good exposure in the Fx industry, so easier for us to acquire Fx trader. We are developing tools for these communities, to manage them in an easier way directly from the platform. As example we have developed a tool to send an analysis from a platform to another platform; so people selling their analysis, or trading plan, can use this feature to replace email as example. This alongside with others features (such as mouse trading) drive a lot user acquisition.
But anyway, there is room for several broker and exchanges, and at the end, only being user-centric matters to drive users acquisition; since our business model do not rely on fees, but on communities, we can also easily adapt to the competition by droppinf our fees near 0 if needed one day to increase user acquisition.
