The crypto market is currently seeing its second largest bull run, with prices of Bitcoin, as well as numerous altcoins, rushing back to its former all-time highs. However, the market remains as unpredictable and as volatile as ever, which means that there is never any certainty about what might happen next.
With that in mind, traders and investors - professionals and novices - require a constant flow of real-time data, in order to make the best trading and investment decisions. The market never remains still, and knowing the right thing at the right time can make a big difference between major profits and a massive loss.
This is why sites, services, and platforms dedicated to data analysis have grown to become extremely popular. With such a huge demand, it is not surprising that new ones continue to emerge at all times, and many of them are shifting towards operating on the blockchain technology. Svandis is one such projects.
Svandis is a project that aims to create its own ecosystem, which would be driven by a community of researchers and users. Participants of its network would use specially designed Svandis tools, analytics, as well as various indicators that would provide real-time data to traders. The data and analysis that the platform would provide would then be used for making educated decisions, which would, in turn, help traders with making a profit, and avoiding losses.
The community would drive the rapid collection of verifiable data through a tokenized incentive system. Anyone who is capable of contributing will have the tools to do so, as well as a reward for helping others learn how to act in the market at any given time.
The platform comes as a response to the high demand for this type of information, and it takes the most effective solutions from traditional markets. It then adapts them to the crypto markets, allowing everyone involved to benefit. In fact, platforms like this might be crucial for attracting institutional investors, who would undoubtedly require precise real-time data in order to start participating. However, before all of this can be possible, the project will have to launch its own token.
As mentioned, Svandis has yet to hold its ICO. However, the project did not reveal when it might hold its token sale. While this information is missing at the moment, there is a lot that is already known. For example, the token's ticker will be SVN. The token itself is designed to be a utility, and as usual for this type of digital assets — it is developed on Ethereum's network, which makes it an ERC-20 token.
Due to its close connection to Ethereum, this will be the only cryptocurrency that the project will be accepted in exchange for SVN. The token's preICO price will be $0.05 per 1 SVN, with the soft cap being set at $1,000. Meanwhile, the hard cap sits at $12 million.
The Iceland-registered project already confirmed a bonus and a bounty, and anyone wishing to participate will have to go through KYC and whitelist procedures. Unfortunately, this does not include the USA, which is the only restricted region.
|Start||July 1, 2019|
|End||September 30, 2019|
I wonder how Svandis plans to verify the data that's being fed to it by the contributors. In other words, how it's going to distinguish fake news, stories, analysis from the real ones? I would love to know more about the verification scheme that Svandis plans to implement. So far, it appears that Svandis might turn out to be an informational junkyard that would mislead traders rather than help them make an educated decision.
I have serious doubts about the projects like Svandis because they are reminiscent of Telegram groups that sell the "real, well-calculated, timely, and profitable" trading signals, which, for the most part, turn out to be total BS. Saying that you will gather a "community of researchers" is too vague of a statement to lend credence to Svandis. Please be so kind as to reveal the identities of these "researchers", so we, the potential investors, would know whom to blame for future losses or to praise for future gains. Remember, when it comes to the financial advice of any sort, it's all about trust and credibility.
Svandis indeed offers a very interesting solution that might be of immense help for traders at some point in the future, maybe in five or ten years time, when the crypto market becomes more mature. However, as things are right now, Svandis will not be able to predict the market behavior with sufficient accuracy mainly because this realm is still prone to blunt manipulations by whales, which makes it nearly unpredictable. Nevertheless, investing in Svandis would be a wise move because it would become a magnificent tool once the market finds some points of stabilization.
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