A Look Back At The CoinFi Whitepaper And The Path Forward Through Crypto Winter

Hey CoinFi Fans,

In this update, we’ll be taking a look back at the CoinFi Whitepaper and our road ahead through crypto winter.

A Look Back At The CoinFi Whitepaper

Back when we published the CoinFi whitepaper in October 2017, here is what we had to say about our business model:

At the time, we saw a market driven by massive retail speculation. In the long-term, we saw institutional traders as the primary market for our platform.

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CoinFi Monthly Update – November 2018

November monthly update CoinFi banner As most of you already know, November marked a very exciting and busy month for us as we made significant progress on all fronts. Our staked users have started receiving CoinFi Trading Signals and we’ve opened up public access to CoinFi News. Furthermore, we now have a CoinFi Research section where our data scientists will post research pieces about the crypto markets and the backtested results from our trading signals. Without further ado, here’s a brief summary of the progress we’ve made for November. Technical Updates CoinFi Trading Signals
  1. We added the “Abnormal ETH movement in or out of exchanges” signal. This signal alerts users when the markets are becoming more volatile. In addition, our backtested results also found that when the signal fires, the price of ETH drops 67% of the time within the first 24 hours, with the price recovering within the next 24 hours. More details regarding the signal are written here.
  2. We added the “Abnormally large token transfers into exchanges” signal. This signal triggers when a token transfer larger than 99.9% of historical transactions move into an exchange. It's important to know where large transfers are going because selling a large number of tokens in exchanges at once can have a material impact on the token price. This is especially important when you are looking for the right time to exit your position. Check out how our CEO Tim Tam was able to utilize the signal to time his exit:[embed]https://coinfi.wistia.com/medias/rnrwr7jrto[/embed]
  3. Lastly, we also added the “BTC long/shorts margin positions” signal, which alerts users when BTC long/short margin positions reach a backtested threshold. There are actually three variations of this signal, which fires when:
In addition to the signals we've deployed above, our data science and engineering team are currently working on the following signals:
  1. "Abnormally large ETH transfers into exchanges" signal which is now active as of December 2018 (WIP in November). This is the Ethereum (ETH) variation of the abnormally large token transfer into exchanges signal.
  2. A daily signal on coins with the highest increase in news mentions is also now active as of December 2018 (WIP in November). This daily signal shows the top 5 coins that had the highest increase in news mentions over the last 24 hours. This signal is used to discover coins that are hot in the press.
  3. "Significant token transfers out of project wallets" signal, which alerts users when a token transaction greater than >$10,000 USD move out of the project wallet. There are multiple benefits to receiving this information, such as:
    • Detecting when the project is about to sell their tokens
    • When projects move vested tokens into employee wallets
    • Getting a rough idea of how projects are using their funds
  4. A daily report showing all the tokens that had a signal firing the previous day. This gives users an opportunity to scout for new coins and optimize their portfolio.
We also made some improvements to our Telegram bot throughout November. Some of the changes we made include:
  • Adding Etherscan links to our trading signal messages. This provides our users with greater transparency and the ability to dive in and do further research.
  • Functionality for our trading team to broadcast manual messages to our users. This allows our professional trading team to comment and provide feedback on the overall market and what our signals may mean from time to time.
  • Minor bug fixes
  • Quality of life improvements
CoinFi News
  • Officially out of beta; publicly accessible
  • Minor bug fixes
  • Improved performance on page load
Other Updates CoinFi Research All our latest podcast episodes will be found at CoinFi Research moving forward. On that note, we published “CoinFi Podcast Episode 11: Can USDT Maintain its Dominance Amidst All The Emerging Stablecoins?” last week, you can listen to it here.

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How CoinFi develops professional trading signals, backed by data science

trading signals
Last week we published a post describing the introduction of our first token utility, which allows COFI holders to stake 25k tokens for access to the CoinFi Trading Signals beta. It’s been exciting to see users staking their COFI tokens in order to get access: In fact, COFI stakers are now collectively the 11th largest holder of COFI tokens on the blockchain! As of this writing, beta users have staked 2,960,622.9548 COFI tokens for early access to CoinFi Trading Signals, which is 1.685% of the circulating supply of COFI. The tagline for our signals is “Professional trading signals backed by data science”, so this month we thought we’d share some of the data science underlying these trading signals.

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We’re throwing out the roadmap… kinda

It’s been a rough quarter for altcoins and ICOs. The euphoria of 2017 feels like a distant memory. So how’s CoinFi doing? The good news is that we’re focused on the long-term, so a crypto winter (if indeed winter is here) doesn’t affect our plans. However, a bear market like this is as good a time as any to re-examine some fundamental assumptions. Let’s take a look at our roadmap for 2018Q3, 2018Q4, and 2019Q1

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Episode 009: Opening The Black Box: Algo Trading 101 for Crypto Investors

Transcript - Episode 009 Opening The Black Box Algo Trading 101 For Crypto Investors
Algorithmic trading, or algo trading for short, is a term commonly thrown around in traditional finance and usually brought up when talking about institutional money or market makers. In this episode of the CoinFi Podcast, you’ll learn how algo trading applies to today’s crypto markets, how high-frequency traders profit from algos, and why algo trading may actually benefit the average, everyday traders in the long run.

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CoinFi News: Here Is The Market Moving News For The Last 24 Hours

Here is a snapshot of top % gainers from the last 24 hours*, along with the market moving news surfaced by CoinFi News and vetted by CoinFi analysts. [table id=1 /] Was this information valuable to you? Do you want to see real-time market moving news analysis integrated into CoinFi News? If so, leave a comment below explaining why you need this feature and we'll give it priority. *We filter out coins with less than $200,000 volume, low quality projects, and non-english news sources.

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