Cryptocurrency News and Education Website Taklimakan Network Launched

Apr 19 2018

Utility tokens are taking the cryptocurrency frenzy forward. These utility tokens are issued by companies who will be rendering a specific service in exchange for their specific token. Thus, a good service will entail a high demand for those tokens.

The Taklimakan Network Platform, which ends on June 9, 2018, is giving a 25% bonus to all buyers this week. The ICO has a soft cap of $5 million and a hard-cap of $27.5 million. The Taklimakan platform is described as a “decentralized investment and  educational business platform for cryptocurrency investors, traders, analysts being a connecting resource between beginners and experts.” Its main purpose is to provide services in the following areas –

  1. Analytics – The platform aims at providing critical and analytical insights into different currencies and reports on blockchain projects. All this information when shared with the users of the Taklimakan platform can be judged based on reviews, and users can look at the most profitable solution.

  2. Trading Tools – It also gives access to trading signals, strategies along with inputs and recommendations from professional traders which users can take advantage of with a subscription-based model. This expert experience can give good investment tips.

  3. Investment Pools – These will be investment portfolios that will be created by experts and traders and will be selected on the basis of user reviews and recommendations. People can reap profits by pitching in money into the trust.

  4. Education materials – There is an in-house blockchain technology knowledge library which would cater to beginners and experts both with continuous updates.

  5. Crowd Predictions – This is probably the most interesting offering of the website. The website would work on forecasting exchange rates for cryptocurrencies based on behaviour, analytical news, deviation from the mean value from a collection of data from the responses of all participants. This would be a great offering for independent decision and portfolio creation companies.

The company has created a demo of its offerings on the website and their new cryptocurrency index called TN Crypto 100 which is a combination of top100 cryptocurrencies. It is updated on a bi-weekly basis based on the metrics of traditional markets capitalization. Performance reporting is based on the traditional nomenclature of performance measurement – Alpha, Beta, R-squared and Sharpe Ratio. To produce this index, top 10 exchanges (by trading volume) are chosen and analyzed. These metrics are also revised every two weeks to count in the top 10 changes. The platform also shows a comparison with traditional markets, their indices with measurement of things like volatility and index performance.

As its Co-Founder, Rashid Yussup explained,

“Our platform aims to be much more than that, by actively bringing novices together with financial analysts and crypto-mentors to help anyone who is interested in cryptocurrency increase their financial literacy level,” he says. “We really believe in the endless possibilities of blockchain and cryptocurrency to change the world, and we want to play an integral role in making them part of the mainstream, through education and meaningful collaboration on our platform.”

With an increasing interest in cryptocurrency analysis and investment strategies in the public, this platform caters to all levels of interest. This index is the basis of a passive investment strategy that would be useful for investors willing to invest but scared with the risks. Thus, this would go in line with major indexes. The company would also be able to engage more adventurous investors with trading strategies and timely inputs on the performance of Alpha, Beta, and Sharpe ratios. These are the traditional markers to gauge performance and as users have a chance to interact, they can adjust their own risk appetites based on metrics and crowdsourcing information.

The platform aims to launch a service of sharing and earning through common and contributive knowledge. The subscription and various levels of access for professional and expert people are available with an option to create own mailing lists for delivering your own insights and reports on the currencies.

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