HONG KONG – August 2, 2018 – CoinFi, the leading market intelligence platform offering Wall Street-caliber trading tools, signals, and analysis on the cryptocurrency market, today announced the listing of its utility token (COFI) on Kyber, the decentralized liquidity network allowing for the seamless exchange of a variety of tokens across multiple platforms. The announcement comes after other successful listings earlier this year on Kucoin, Cobinhood, and FCoin.
The COFI utility token grants CoinFi users access to news, analysis, and hedge-fund caliber trading tools on the CoinFi platform. It’s also used to compensate research contributors and analysts in a token-for-information ecosystem. CoinFi successfully raised $15 million in an ICO in January of this year.
“This listing is part of our continuing efforts to bring CoinFi to the masses,” said Timothy Tam, co-founder and CEO and former Goldman Sachs equities trader. “Currently, there’s still no centralized hub for crypto news, data, and analysis. There’s also a large gap in the tools and technologies that traditional traders currently enjoy and those available to the crypto community. The listing on Kyber is another step toward changing that.”
Kyber aims to connect the fragmented world of cryptocurrency via its liquidity network. It allows a vendor, for example, to accept e-commerce payments in a variety of different tokens but be paid out in a specific token of their choice, a breakthrough in token payment technology that CoinFi will be implementing into their token staking utility in late Q3.
“Following the availability of COFI token on Kyber, users and research contributors will be able to access CoinFi platform via a multitude selection of other ERC20 tokens, as the conversion is done seamlessly by Kyber” said Kyber CEO and co-founder Loi Luu. “Additionally, COFI token will also become usable across different applications and use cases within Kyber’s ecosystem, hence improving the versatility of the token.”
CoinFi is expected to launch the first piece of its news and analysis product, CoinFi News, later this summer. The product will include:
- Custom newsfeed with news type classification
- Improved news and content aggregation overlaid on price charts per cryptocurrency
- Improved custom watchlist
Additional features scheduled to be released in Q3 2018 include:
- Advanced ICO metrics, including token retention rate and token distribution graphs
- Improved data pipeline
- Market data warehouse
- Accept staked tokens for advanced functionality
- CoinFi events calendar
For early access or for more information about CoinFi, visit www.CoinFi.com.
CoinFi (COFI) is the world’s first decentralized crypto market intelligence platform, bringing Wall Street-caliber financial intelligence to the cryptocurrency markets. Founded in 2017 by technologists and former Wall Street analysts, equities traders, and hedge fund managers, the company is based in Hong Kong an recently completed a $15 million private token sale to further expand its technology and trading tools. CoinFi offers crowdsourced and professionally curated research, analysis, trading signals, trading algorithms, and market-moving news to give traders the real-time market intelligence needed to gain an edge. With a community of over 100,000 cryptocurrency traders, CoinFi is poised to become the leading provider of market intelligence for the cryptocurrency markets. For more information, visit: https://www.coinfi.com/
About Kyber Network
Kyber’s Decentralized Liquidity Network powers instant and seamless inter-token transactions between platforms, ecosystems and other use cases. By allowing open contribution of liquidity from token holders and easy integration by DApps and projects to leverage the contributed liquidity pool, we enable a more connected tokenized world where tokens are liquid and useful. For more information, visit: https://kyber.network