Interviews

Interview with: NewsCrypto

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Could you tell us briefly why we should all love NewsCrypto?

Our motto is “Education comes before adoption,” and that’s both the shortest possible description of what we’re doing and also the reason behind the synergy between our mission and that of pretty much any crypto project. We’re focused on providing an all-in-one educational and trading suite, which encompasses everything from beginner-level tutorials to proprietary tools and indicators for expert traders. By helping to onboard new people into the crypto space and offering them trustworthy info, we’re helping the whole sector gain more exposure and adoption.

 

 

What was the main motivation behind the launch of NewsCrypto?   

The idea behind NewsCrypto was born in 2018, in the wake of the 2017/18 bull run. Like many other people that were active in crypto at the time, we saw the incredibly fast wave of new traders entering the market, which was followed by an even more intense tsunami in which most of those new traders lost all their profit and more. What we wanted to do is to mitigate that as much as possible, by giving non-tech-savvy people that are just entering the space everything they need to go from not knowing what candlesticks are to building a consistent trading system.

 

The blockchain industry is extremely saturated, what competitive advantage differentiates NewsCrypto from other trading platforms?   

We’d say that the two main advantages are, firstly, that our products are truly comprehensive, in that they include everything from education to trading tools to entertainment, and, secondly, that we’re an independent, community-focused project. Our entire ecosystem is organized in such a way as to incentivize both team members and users to act in the best interest of the entire community. On the one hand, we started off as a completely self-funded project, meaning that there weren’t any shady investors and interest groups that could pull the strings on the sort of information we provide. Our success is entirely dependent on our community, which is why our only incentive is to provide unbiased and trustworthy info. On the other hand, we also enable users and community members to create their own content in various ways, while content that proves useful to others is incentivized through different rewards.

 

How does your AI Sentiment Price Prediction tool help traders and how does it work?

The AI Sentiment Price Prediction tool essentially automates the task of analyzing sentiment across social media and beyond. The way it works is that it rates all mentions of a particular token across different platforms based on their sentiment, and then it aggregates the scores to predict the effect that this is likely to have on its price. The beauty of it is that it’s done by state-of-the-art machine learning algorithms, which analyze historical correlations between price and sentiment scores and continuously update the way the price is predicted based on current sentiment, so that its accuracy keeps getting better as it gathers more data. It would be impossible for anyone to manually analyze that amount of data, and most importantly, the algorithms behind the tool are completely free of bias and they constantly improve their own methodology with every new data point.

 

 

What is the role of the $NWC token within the ecosystem?

The NWC token forms the backbone of the NewsCrypto ecosystem. It’s primarily used to pay subscription fees for the premium features of the platform and mobile app, and 20% of all of these fees are automatically burned. Coupled with a fixed supply, this means that the token rewards long-term users and holders via a deflationary mechanism, which only gets more rapid as the platform gains more users. Additionally, the NWC token is used to reward users that contribute to the ecosystem by creating high-quality content, while the staking program enables holders to earn up to 25% APY on their tokens. Stakers and holders will also soon be able to participate in governance based on the amount of tokens held or staked, giving them the power to decide on the direction that our development will take. Finally, the token also gives users other perks and discounts on both present and future tools within the ecosystem.

 

 

How exactly do you educate aspiring cryptocurrency traders?

Our NewsCrypto Academy covers everything from the bare basics of what crypto is and how blockchains work to the latest trends in DeFi, while the technical analysis sections of the Academy guide aspiring traders from the essentials on candlestick charts to advanced TA strategies and indicators. Apart from this, our Unchained Education Hub will offer a completely novel approach to crypto education: crypto veterans (whether they’re developers or traders) will be able to create their own content and courses for users. On the other hand, users will be able to follow their favorite educators and set up one-on-one lessons, for which they will pay the content creators directly in NWC tokens. Overall, this approach will allow anyone to publish content and gain exposure, with the best educators being able to turn their passion into a career.

 

Every company has short, medium, and long-term goals. What can we expect to see from NewsCrypto?

Short-term, our main focus is to come up with new ways to make every trader’s life easier with smart alerts on our app, proprietary indicators and a constantly expanding set of trading tools. Moving forward, the two most important aspects of our roadmap are direct trading implementation and on-chain developments. Regarding the former, we will soon enable users to trade directly from the NewsCrypto platform, making it a truly all-in-one suite. What’s more, this will include automated trading strategies, as well as shadow trading, giving our community new ways to trade in a systematic and time-efficient manner. As for the on-chain aspect, we’re working on a DeFi protocol that will supplement our current product suite as well as giving the token a completely new use case, but since this is being done in collaboration with a much larger project, we can’t give any specific info at this point. If you want an overview of all of our main milestones in the past, present, and future, then check out our roadmap (https://newscrypto.io/roadmap).

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