investFeed launches beta of new social investment platform

New York-based social investment network investFeed, which recently announced it had dropped equities for digital currency, has now announced the launch of its new platform’s beta version, according to a press release CoinReport received.

The roll out of the platform’s beta comes midway through investFeed’s Token Generation Event (TGE). Originally planned to be launched within 90 days of its August 7 TGE close, the beta was accelerated to offer potential users as well as participants a flavor of the unique digital currency-based marketplace and a first-look at weighted average price charts and live tickers.

The company says in the release that it made the controversial switch from equities to digital currencies due to constant requests of its users, as well as the explosive growth of the $100 billion digital currency industry.

Commenced July 23, the TGE is designed to assist in financing the new platform’s development. It also aims to deliver users a utility token for accessing popular investing ideas, promoting or “Boosting” individual content and peer-to-peer price predictions.

“Our development team has been working around the clock to roll out the first version of the platform and it looks beautiful; it’s like Facebook, cryptocurrency and the Bloomberg Terminal met for the very first time,” said investFeed CEO Ron Chernesky. “One of our goals was to give mainstream users a simple, aesthetically pleasing UX and remove the technical barriers and complicated language associated with blockchain and cryptocurrency.”

The new platform is more than a few months ahead of the technical schedule outlined in its white paper. Thanks to a recently created data partnership with market leader Bravenewcoin.com (BNC), the platform now has a list of 235 high-performing, highly liquid digital currencies and their related pairings, price tickers, weighted averages in USD and channels. Users can now share digital currency market insights, post comments and start messaging each other. Also, users will soon be able to purchase and sell functionality directly within the platform.

Chernesky added, “Just like we linked every top online stock trading brokerage to our original platform, we will begin to form relationships with digital asset exchanges so that users can link their accounts on investFeed and make informed decisions, using the most accurate market data possible. The end-goal is to become the one-stop shop for everything cryptocurrency, and unite a growing community in one of the most nascent industries of our generation.”

BNC CEO Fran Strajnar commented, “We’re always excited to see top tier teams build fantastic products and look forward to supplying further value add data and analytics as investFeed’s users demand grows.”

More features will be unlocked and added to the new platform in the very near future, including alerts on moves made by high performing traders and peers and instant notifications on user-assigned price alerts.

In a relevant news, Steven Nerayoff, the former top advisor to Ethereum and founding advisor to Lisk, has joined investFeed’s advisory board. In 2008, Nerayoff founded Maple Ventures, a venture capital company chiefly fixated on emerging technologies including digital currency and distributed ledger technology (blockchain), and is one of the industry’s most well-respected and influential advisors.

Images courtesy of imageFeed via PR firm Wachsman PR