BitScreener – smart sharing of financial information

Modern finance sphere drives the development of global economy, and the introduction of cryptocurrencies has shaken it to its core: now, investors prefer trading virtual coins and make their bets on new tokens popping up here and there. But while technologies are advancing, the market of finance is still facing the same problems as decades ago – all of them are connected to information sharing. The main issues are:

1. Biased information. With so many articles and experts’ opinions around (which often contradict one another), traders get overwhelmed, and it’s hard to make an informed decision. With the development of Internet and appearance of unofficial finance portals, the trustworthiness of information has become a rampant problem.
2. Fragmentation of data system and community. At the same time, we see that websites and forums have strict specializations, so in order to keep tabs on all vital aspects, traders and investors have to visit a lot of portals and read much to filter out the necessary data.
3. Non-transparent profit sharing. Content creators face unfairness, too. Websites with user-generated content take the most part of writers’ income to themselves and don’t disclose the scheme of profit sharing. Only a few well-established writers out of thousands of contributors manage to get decent incentives.

Aside from that, stock and crypto domains are fragmented, too – traders have to work with different systems to exchange, sell, analyze and compare cryptocurrency. It contributes to inconvenience and wasting of time.

What is BitScreener?

Taking into account the above-mentioned issues, the Singapore-based team has created BitScreener, a versatile trading platform that unites over 1,200 different cryptocurrencies and gives users the opportunity to create and access high-quality theme-related content. It has a few basic functions:

• cryptocurrency screener that displays token supply, price, performance, volume, etc.;
• news aggregator and content platform where posts are generated by users who get rewarded, as well as readers evaluating the posts;
• ICO search platform.

Therefore, BitScreener is a simple tool for getting basic information about cryptocurrencies. Instead of visiting numerous websites, its users can find valuable data in one place. The platform ecosystem consists of several modules for data collection and processing, as well as a content subsystem. The data about currency value and performance will be obtained in real time from such cryptocurrency exchanges as Bittrex, Poloniex, and Binance. Additionally, it can be bought from vendors. News and press-releases will also be obtained from third parties (Google News, Reddit, Twitter, and others).

4 Essential BitScreener components

It should be mentioned, that unlike other similar projects, BitScreener is based on Ethereum blockchain: it guarantees transparent and trustless distribution of information, as well as decentralized storage of data. But blockchain is not the only component underlying BitScreener’s technological excellence. The project serves to:

• Perform data collecting and processing like Finviz project.
• Deliver crowdsourced content.
• Provide a transparent and fair voting mechanism.
• Incentivize users who create and rate content with the proprietary token.

About BitScreener Token

The system of incentives in BitScreener is done with the help of BITX token. While other cryptocurrencies are mined in the process of calculations, the BitScreen token can be earned by contributing valuable content. In comparison with traditional ways of rewards, blockchain-based payments are faster, require lower transaction fees, and are more accurate. Besides, all financial transfers are 100% transparent. BITX token is also spent on BitScreener platform, for example, users can pay for premium services.

According to creators, 20% of overall token supply (90, 000, 000 BITX) will be unlocked gradually with the process taking 15 years. The scheme of distribution presupposes that the amount of mined tokens will decrease from year to year, as with Bitcoins.

Is BitScreener a perspective investment?

The BitScreener project is already well-established in the Net: there are both desktop version and mobile application functioning online. However, most of its functions look like what typical news aggregators offer. The only thing making BitScreener stand out from the crowd is the way content creators are to be rewarded, but the value of BITX is too low yet for the platform to be considered valuable for writers. 65% of the crowdfunding goal has already been reached despite the fact the main token sale hasn’t started yet. Therefore, this project should be particularly interesting for investors who want to have quick and fully-fledged access to financial information for a reasonably low fee.

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