Trading is an integral part of the cryptocurrency ecosystem. Investors and speculators buy, sell, and trade cryptocurrencies on a regular basis. Tradelize wants to up the ante by giving regular holders the ability to achieve similar trading results compared to skilled professionals.
The Concept of Tradelize
Although it may sound a bit confusing at first, Tradelize is a very simple idea. It allows users who usually don’t dabble in cryptocurrency trading to earn more money by giving them the right tools. This should result in higher profits for investors, whereas pro traders can experiment with these same tools. Leveling the playing field in the world of cryptocurrency trading will not be easy, but it’s not impossible either.
The Tools to make it Happen
Tradelize is building a cryptocurrency trading terminal that is both easy and accessible. Through this interface, users can trade cryptocurrencies across major global exchanges. It is a bit similar to how most people already trade in 2018, but for non-traders and novice users, this could very well be an option worth checking out. There are never any guaranteed profits when it comes to cryptocurrency trading, though, as this market remains incredibly unpredictable.
Additionally, Tradelize will expose non-traders and novice users to trading strategies used by top-rated professional traders. This allows users to rely on other people’s trading patterns, which can be both a good and a bad thing. Copying someone else’s strategy is never a good idea, but it will make the initial learning curve less steep. Developing one’s own trading strategies is still the best option from a long-term perspective.
Last but not least, there will be a dedicated Tradelize app. Considering that most consumers rely on mobile devices these days, a strong focus on mobile for cryptocurrency trading seems to make a lot of sense. All of the successful trades by professionals will be recorded on the blockchain, which will allow investors to pick the traders they wish to emulate. ‘ProTraders’ will be awarded up to $500,000 in funds to manage so that they can develop proper trading strategies for future investors.
The TDZ Token
As we have gotten used to in this day and age, every innovative platform needs its own token. Tradelize will use the TDZ token, which adheres to the ERC20 token standard. These tokens will be used to pay fees on profits generated by investors, perform trading, and access related services. They also act as a reward for referring followers. A maximum of 30 million tokens will be sold during the ICO, although it remains to be seen if this hard cap will be reached.
With lots of work still on the horizon, it is evident the Tradelize team has their hands full. For the time being, they are working on the brokerage implementation and commercialization of the Tradelize solution. Web and mobile apps will follow in Q3 of this year, followed by further developments in Q4 and beyond. It is a project which sounds incredibly powerful on paper, but it remains up to the team to deliver on their initial promises.