In the coming weeks I’ll be writing a series of technical posts right up until the beta is released. These posts are going to give a deeper look into specifics of our beta platform. We’re finally at the stage where we can show what we’ve been working on and we’re excited to finally be here.

To begin, it’s necessary to talk about the market. A bear or bull market will dictate investor behavior. This happens in any market, but maybe more so in a young and historically volatile market like crypto.

Thankfully, as a company we’re still so young and able to stay nimble and flexible to fit the needs of the market, so in an effort to match investor’s and market sentiment, we’ve decided to start the beta off with targeting short-term investments. Right now we see the market’s focused on short-term investing due to its volatility. Given the timing and the market trend, it’ll be beneficial for the overall growth of Auctus to give the market time to settle and confidence to increase and implement the long-term investment portion of the beta in Q4.

So let’s get started and talk about what everyone has been asking for.

The Auctus Beta

You’ve been asking when our beta will be released so we wanted to give a firm date, the Beta will be released the week of September 23rd 2018. We’re committed to releasing the beta on time along with every other aspect of our road map.

Specifics on The Beta

User Interface

The first thing I want to talk about is the overall look and feel of the platform, the user interface (UI). This really excites me because I don’t come from a technical background, and to me I feel a lot of the crypto applications have unnecessary technical user interfaces. Our goal is to have an inviting UI to attract tech and non-tech savvy investors alike. With blockchain/crypto being difficult enough to understand, we wanted to make our UI easy to understand without scaring users away from the fear of a steep learning curve.

The UI is simple, clean and pleasing to the eye. This will help with quick adoption, but really is only the first step in creating a product that users see value in.

Advisors

The short-term focused portion of our beta will be all about signals. As mentioned in our white paper, advisors are going to provide advice in the form of signals, e.g. buy, sell, hold. Our overall goal will be to become a credible resource for investors. We’re going to create this credibility by awarding advisors that have the best trading analytics. The advisors that really put in the work and show the technical analysis and data to back up their signals will be compensated. It’s like your high school math class, if you don’t show your work, then you don’t get any credit.

We’re Going to Create Credibility Through Transparency

Showing work alone isn’t going to get you an A in math class, you also have to get enough answers correct. Advisors will have a rating attached to their name, giving full transparency to investors. The way to look at this is that it’s more like a credit score than a Yelp rating, in that the rating will be tied to the advisors success rate and average return to investors, and not how easy they are to deal with. The rating can’t be manipulated or bought like in other applications, so that’s also important to keep in mind here here. This rating will create transparency, which will give investors a good idea which advisors to follow and who not.

No More Expensive “When moon, Sir?” Telegram Signal Groups

Currently the best way to get signals or “advice” on what/when to buy or sell crypto is through Twitter or paid Telegram groups. As many of you probably know, these groups can be expensive and generally operate in a gray area. It’s like buying a house sight unseen and without doing the due diligence and hiring a building inspector, you just wouldn’t do that; but in crypto, this has become the norm.

Since there is no transparency in the methods that are generally accepted today, you’re potentially buying into a lower tier pump and dump group, which you won’t know until it’s too late, or worse it’s just a scam and you see no returns, or really one of the best scenario is it’s just bad/uneducated signals that are created to onboard users without any business giving out financial advice.

Many of these paid groups offer no technical analysis, e.g. data, graphics, charts etc. You’re getting the advice from a source that isn’t transparent. So we’ve created the platform with an ecosystem that will support and reward advisors who know what they’re doing.

Auctus Advisors Will be Compensated by Helping us Grow The Community

We’ll be on-boarding advisors to grow our credibility in being a medium where investors go to get trustworthy advice in crypto, but in the coming weeks before the Beta is launched, we’ll be reaching out to members of community and asking for your help. We’re going to need beta testers for the advisor portion of the platform. We’ll be sending out applications in the coming weeks.

Vision of The Final Product

The final product will allow advisors to provide their followers with signal advice on whether to buy, sell or hold a crypto-asset. Then the investor will be able to turn around and act on that signal, all within the platform. You’ll be able to execute the order through the platform since the future platform will be integrated with a decentralized exchange.

We’ll be be using an Agile Development approach for the release of the beta, meaning that we’ll be launching segments of the platform in a series. This approach will give us a feedback loop from our beta testers so that we can implement needed and requested changes of the previous release before the next segment is launched.

What to Expect Next

In an effort to include the community in what we’re working on, I wanted to let everyone in on some specifics that are coming in the upcoming weeks.