1 Invest Plat Social trustless copy-trading through API services, designed for beginning and experienced cryptocurrency traders. Whitepaper Version 2.0 February 2018 Author Mateusz Fraczek CEO blockchain has presented itself as a revolutionary technological force set out to disrupt and oer an improvement over the old paradigms which govern a vast array of industries. In doing so, cryptocurrency; the lifeblood of blockchain technology, has quickly established itself as one of the fastest growing asset classes in our recent history. The opportunities blockchain technology has to oer have not gone unnoticed. This is mplified by the ever increasing number of established- and emerging companies employing blockchain technology, as well as government bodies that are exploring its implementation on a global scale. While the tech savvy and attentive venture capitalists have long since discovered the cryptocurrency market, there still are a lot of institutional and retail investors that have yet to enter the market. Especially to note are the latter. Presented with the prospects of making incredible returns on investments, fueled by popular media and a relatively low barrier of entry, people from all over the world- and walks of life are now taking their first steps into speculative investing through cryptocurrencies. Retail investors are entering the market at such a staggering pace that many of the popular exchanges are having troubles keeping up with demand. As a result of this influx many of these exchanges have been forced to periodically halt new registrations, some even had to halt trading altogether just to cope with the stress put on their servers. In light of this, one could say; the future of cryptocurrency and blockchain technology does look very bright indeed. The market segment Invest Plat is targeting with its services is that of beginning- and experienced retail investors. From our preliminary market analysis we have identified several pains present in this segment that we are resolved to tackle. It has come to our attention that on the one hand, successful and experienced crypto-traders often lack the means or reach to attract additional investment funds by oering their services. On the other hand, we have inexperienced investors that are in desperate want for such services due to a lack of time, or necessary technical- and psychological skills. 6 To address this need Invest Plat oers its users a feeless plat enabling trustless API-based copy-trading for experienced and beginner cryptocurrency traders. Through an easy to use plat interface, users will be able to copy experienced traders directly and without eort on the exchanges of their preference, all the while keeping full control over their funds and private keys. 7 Market Analysis Our market analysis serves to provide a very basic and general impression of the scope and growth rate of the market segment that Invest plat will be targeting. Next we identify and discuss the pains and challenges retail investors currently face, which Invest Plat is resolved to tackle. Market Segment - Retail investors According to a news article published on November 2, 2017 by Bloomberg, the popular exchange Coinbase Inc. added over 100,000 users in just 24 hours time. Instead of being an exceptional occurrence we’ve since seen several such reports appearing on news websites. Most notable were Binance’s record setting registration of 240,000 new users in the span of one hour; And the most recent press release of Robinhood, boasting a 1,000,000 applicant waiting list since they announced to be adding cryptocurrencies to their exchange. These staggering numbers are reflected in the wallet statistics of the two biggest cryptocurrencies by market cap 8 The above is just a very small selection of news articles and possible data points intended to illustrate the general point we want to make the number of retail investors are increasing at an unprecedented rate. As such we believe that this gives us an optimal opportunity to capitalize on the needs and wants of this growing segment in the market. Identifying the needs and wants of retail investors Cryptocurrency, thanks to its open and decentralised nature, oers a relatively low barrier of entry for anyone interested. Theoretically, anyone, regardless of socio-economical or geological/ethnic background, who has access to the internet ,has the means to set up a cryptocurrency wallet and begin trading. And in 2014 we at Invest Plat did just that. We opened a wallet and began investing in cryptocurrencies. 9 However, as we all soon learned, trading isn’t as easy or straightforward as one would hope. As we were taking our first steps it became apparent that it was nearly impossible for us to keep track of all the ination floating around about all the cryptocurrencies we were invested in. Even today there still aren’t any services that aggregate this ination into an ‘easy to digest’ at. Ination is still spread all over social media, from the depths of reddit to some comment on telegram. Even more di“cult than browsing the social media we knew of was finding ination about cryptocurrencies who’s main targeted audience was China. As much as we wanted to stay up to date, learning Chinese just wasn’t a realistic prospect. Besides the issues we’ve experienced with simply finding and reading all the ination out there; we were still confronted with perhaps our biggest limitation Time. We simply didn’t have enough time to read it all We all have full time jobs and responsibilities outside of our jobs. Trying to squeeze the little free time we had for crypto-trading just didn’t cut it. Especially considering this market is open 24/7. To our frustration we’ve watched our profits melt away as we went to bed. But it wasn’t all bad, we did make some profitable trades. only to realize that those trades may have appeared profitable when expressed in USD, but looked quite depressing when expressed in BTC or ETH. Or that time we sold a crypto-asset that suddenly gained 20 after months of being down -5. Thinking we were geniuses who managed to cut their losses and even made some profits while doing so Only to revisit coinmarketcap a couple of weeks later and see that same crypto-asset suddenly making its way up the top 100 list. You can imagine our frustration as we watched all those potential profits go by. Quite quickly it became painfully apparent to us that we were lacking the technical- and psychological skills necessary to become a good trader. 10 Why do beginning traders lose money If our story sounds familiar to you, it is because we’ve experienced all the main reasons why beginning traders lose money They don’t have the time to properly research their investments. They don’t have enough knowledge about technical analysis. They don’t have enough experience with cryptocurrency exchanges. They don’t have the right psychological mindset. They don’t have the patience. Put all these reasons together and you’ve got a recipe for lost opportunities and an even greater loss of value. On the other side of the story we have the experienced investors, which we will take a look at in the following. 11 What do experienced investors lack Experienced investors and traders possess all the necessary skills to thrive in the cryptocurrency market. However, unlike the traditional market, they lack the availability to maximally capitalize on their skills. While successful stock traders have the option to sell their skills to financial institutions, we’ve found that crypto-traders do not have similar opportunities. Oftentimes successful traders work relatively isolated, discussing and gathering ination on social media plats with like minded people, but unable to monetize on their sharing of ideas and strategies. What experienced and successful crypto-investors lack can be condensed in one sentence They have very few options to sell their skills to those who would benefit from these skills. By oering a feeless plat enabling trustless API-based copy-trading Invest Plat oers a direct solution to the problems faced by beginning- and experienced cryptocurrency traders. 12 Invest Plat What is invest plat The concept of Invest Plat is quite simple An experienced investor, who has a proven track-record, can choose to share his trading strategy with other users. Beginners or experienced traders who are in need of a break can then follow any trader that shares his strategy on our plat, simply by subscribing to that particular trader. Both the experienced trader and the user who subscribed to the trader are linked through an API. This way any sell or buy order the experienced trader makes is automatically copied to your account, on the exchange of your choice. The main advantages of using an API service is that you remain in full control over your funds, private keys and choice of exchange e.g. Bittrex, Binance, GDAX, Poloniex, Bitifinex. Our goal is to bring together beginning- and experienced traders in a win-win situation. Because of our plat, each user increases the opportunity to maximize their profits. The beginning trader does so by enjoying the skills and success of experienced traders; while experienced traders do so by having the ability to oer their paid services to a large audience. Amateur Earn by investing in the same positions as an experienced investor. Gain valuable knowledge from experienced investors. Be able to discuss and ask questions directly to an experienced investor in the chat.Experienced Share knowledge with the users who are subscribed. Doesn’t pay any commission Grow their earnings, status and following through our ranking system. 13 Covesting Coindash Tradershub Invest PlatNo plat feesNo fees on profitNo internal walletCommunity members High Low Medium HighTransparent review systemCommunity chat What sets Invest plat apart from the competition In contrast to competitive plats oering similar services, our plat has several key advantages which we would like to highlight No hidden fees - Competitive systems are expensive and demand exuberant fees. The Invest Plat oers a free plat based service that brings both beginning and experienced traders together. Our plat is accessible through the staking of INV tokens and only charges 10 on the profits made by users following a trader of their preference. For a detailed discussion please refer to ‘Invest INV Token’. 14 Safety - Competitive systems require users to deposit money into their own wallets. This leaves users at risk of potential theft. Our plat has taken a dierent approach. By connecting our users through an API, you keep access to your money at all times. Not only will this save you valuable time from not having to send funds from and to wallets; more importantly, you will not be exposed to theft. As an additional safety measure we have limited the API intractability to only being able to open and close positions. Withdrawals will be blocked at the API level. Our plat itself will be secured by Google two-factor authentication, text-message authentication and IP whitelisting. Community - Our plat is open to all traders. Each user will be able to acquire a ranking which reflects his level or skill and trust on our plat. This opens the possibility to anyone, who has the su“cient ranking, to gather subscribers and earn for oering their services. In addition, each user will be able to share their ideas and technical analysis directly with their subscribers via our chat. Traders - The experienced investor assuming position, builds trust and ranking on our plat. Each investor will be classified with our proprietary level system. The better track-record the investor has, the higher level he gets. This allows the trader to attract a greater potential following. 15 A first look at invest plat’s interface and functionality Dashboard This is the main screen on our plat and contains the most important ination about the user’s account. Statistics A graph showing the user’s perance statistics in a week/month or year range. Connections The number of people who follow the user’s profile. 16 Your Trades List of open or closed positions and percentage of earnings or losses. Successful traders A section showing the highest pering investors in the last 30 days. The user can view each of these investors and check the statistics. Deposit By combining API with your favourite cryptocurrency exchange, we can generate a preview of your funds deposited on the exchange. Profit in the last 30 days Calculates the profit or loss of the last 30 days. Chat Allows users to communicate with other users. Settings Basic user profile settings, cryptocurrency exchange, APIs settings, two-factor authentication security.