The intimidation of trading
Trading in general, and especially trading cryptocurrencies is not something people just do. Pro investors have a deep understanding of the dynamics that control the markets. And with the high volatility of crypto-assets, many who want to try crypto trading are afraid that they are gonna lose their money instantly. Because the crypto market is so affected by the news, investors who want to profit need to follow the latest stories all the time. All of this combined makes it hard for everyday people to trade successfully, which is exactly what Taylor is aiming to change. They are creating an app which is going to work as a smart trading assistant. This app will give users suggestions on what trades to make, users can then choose if they want to do it and for how much if they decide to. Taylor will make it convenient for their users, so all they have to do is click a few times in the Taylor app and they investment goes through, they don’t have to access other exchanges and move funds around. The latest news will also be fed to the Taylor users so they are up to date and is able to capitalize on information that might move the entire market.
Taylor is issuing their own ERC20 token, which will be used on the Taylor platform. One of the things you can do with it, is use it to buy services on the platform at a discount. But more notable, by holding enough Taylor tokens, you get the subscription models for free. If you hold 1000 Taylor tokens, you get the standard plan for free, if you hold 3000 Taylor tokens you will get the premium subscription for free. Both of these would otherwise cost you a monthly fee. This mechanic encourages users to hold onto Taylor tokens which potentially could make the price rise as more users hold coins to get free access to the Taylor platform services.
To fund their project, Taylor is raising funds through an initial coin offering (ICO), selling their ERC20 token TAY. This token will act as the medium of exchange on the Taylor platform and holders will receive free benefits if they have enough.
The token sale started the 21st of February
The token sale ends the 22nd of March
The price of TAY is different for each week of the token sale, see picture
- Total amount of tokens issued is 10.000.000 TAY
- A maximum 6.535.000 TAY will be available for purchase during the token sale
- Hard cap is ~5.961 (5960,85714286 ETH)
- Soft cap is 500 ETH
- The minimum contribution amount is 0.01 ETH, Max is 50 ETH
All unsold tokens will be burned/destroyed
If you want to learn more about each member, or see the team’s advisors, visit their website: https://smarttaylor.io/ or read their whitepaper: https://smarttaylor.io/static/documents/taylor-whitepaper.pdf.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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