Getting into financial investments is an important part of building wealth, and yet, a huge chunk of the world doesn’t appear to be doing it.

A poll by Gallup showed that the rate of stock ownership in the US has actually declined over the past two decades. It peaked right before the 2008 Financial Crisis at 65%, but has steadily dropped nearly year after year. In 2016, only about 52% of Americans had some stock, stock mutual funds, or investments in a self-directed 401K.

The situation in Canada is quite similar. A survey by Tangerine Investments found that 36% of Canadians don’t even have an investment account. When non-investors were asked why they don’t invest, here’s what they found.

Image Source: Tangerine Investment Management

Their are two big takeaways from these results:

・ A significant number of people think they don’t have enough money to begin investing. ・ Many people feel they lack the knowledge required to make smart investments.

We could provide you with some more statistics, but honestly this research already paints a rather depressing picture. In short, a lot of people seem to view the concept of investing as too challenging and daunting a task to even consider attempting.

And that’s where Bincentive comes in.

Starting with cryptocurrency, we’re going to make the concept of investing as simple as it should be.

The Bincentive Solution To Investment Complexity

Itis easy to see why investing in cryptocurrency might seem complicated. As of the time of writing, Coinmarketcap shows that a whopping 1900 currencies are being publicly traded. How much time and effort would an average Joe have to spend researching to be able to make smart crypto investments? Even if you outsource that hard work to a professional crypto advisor, how can you tell which expert to trust with your money?

Ultimately, the underlying two issues here are present in virtually all investment types: There are too many possible investment options and too many different advisors for people to be able to digest easily. Needless to say, all of them want your money.

Bincentive seeks to leverage the immutable quality of Blockchain technology to solve these issues. We plan to create an ecosystem that will simplify the investment process and greatly benefit all major parties involved in a typical investment: investors, financial experts, and trade facilitators.

Bincentive seeks to create a win-win situation that in the case of cryptocurrency, will be able to:

・ Help everyday people with limited know-how make smart trades. ・ Push clients to professional investment experts, thus boosting their profitability ・ Increase the revenue of exchanges facilitating these trades.

We’ll start by actively recruiting top crypto trading experts for our ecosystem. After undergoing a comprehensive qualification process confirming their expertise and reliability, we’ll use a small sum of our own resources to test their strategies in real trades. The results of these tests will give investors using our system (members) the ability to view historical performance data of these experts. They’ll know how much these experts are managing, the average growth they’ve achieved in their investments, and other vital statistics that have been traditionally kept hidden. All of this data will be stored on Blockchain ensuring data accuracy. In this way, members can transparently see a true estimate of the potential return they can expect by following the advice of a particular trading expert.

Currently, the market is structured with trading experts earning a nominal fee as opposed to receiving compensation that is proportional to the amount they have earned their investors — this is how Bincentive feels is the way things should be. Thus, we’re offering any partnering crypto experts the ability to define their own remuneration terms and conditions. Much like the way the App Store and Google Play platforms work, we’ll take a small share of the profits earned (30%). It’s worth pointing out that we’ll only charge on contracts that deliver positive returns. If our investors aren’t making money, why should we?

How Investors/Members Benefit From Joining

If you’re thinking about investing in crypto and don’t know the first thing about it, Bincentive makes the process easy. Instead of having to spend the time and effort gaining the required knowledge to make smart decisions, let the crypto experts make the decisions for you.

As we mentioned earlier, we’re going to use some of our own resources to fund some of their trades to start generating performance data. With this, you can simply sort through a list of expert traders to find some whose records display a level of risk/return that you’re comfortable with. You can take a look at their terms and conditions, and if everything sounds acceptable to you, sign a trading smart contract with them. Once the contract has been signed, the agreed upon trading rewards will be transferred to an Escrow within the trading contract until the terms are met.

At the end of the duration, the trading reward payment is automatically triggered and the agreed upon amount is released from the Escrow to the respective parties.

Throughout this process, no one, not even us at Bincentive, has access to user wallets. Our patent protected Smart Trading Gateway automates the delivery of trading signals from partnered experts to the member’s account (in exchange centers) via authorized trading API.

Demystifying The Investment Process

Today it’s crypto for Bincentive, but tomorrow, it could be any kind of invesment: stocks, futures, commodities, etc. The Bincentive architecture is designed to support any and all investment types. The plan to incorporate traditional financial products into the system is already in our roadmap. How will it work? The trading process would actually be identical to crypto asset trading: just replace crypto trading experts with stock trading experts, and crypto exchanges with commodity sellers that facilitate trades.

Making investments shouldn’t be so intimidating. Bincentive seeks to demystify the process by providing a simple way for investors to know key information about who they are trusting with their money, how much they can expect to earn in returns, and start building wealth today.

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