According to a recent study by Cambridge University there are currently an estimated 2.9 to 5.9 million active users of cryptocurrency wallets.
This shows that there is already a relatively large community of crypto enthusists looking to invest in digital currencies.
While many of these digital crypto investors may prefer the DIY approach, others would rather have their funds managed by professionals.
Unfortunately there are few options currently available for active management of digital currencies.
That may soon change with the introduction of the new crypto asset management platform called Spindle.
Spindle in a nutshell
Put simply Spindle is a platform which connects investors looking to put capital into digital currency, with asset managers who want to manage those funds.
Monitoring and Reporting with ZETA-1
ZETA-1 will be the first stage for the Spindle project. This will utlitize blockchain technology to confirm past transactions and fund profiles for free. Using ZETA-1 it will be easy for asset managers to incorporate their asset management history into the platform and then create a visual representation of it.
The key concept with ZETA-1 is it provides a transport way to make all of the available information about fund visible. ZETA-1 will also provide an auditing and consulting service so that all of the necessary information is made available to users of the platform.
The creation of a distributed exchange
Following up on this will be the second stage in the Spindle project which is the creation of a distributed exchange. This trustlesss exchange will using a follow trading system. This is different to a traditional finance where the investor trusts their investment with another party typically in the form of a fund. Rather than passing management of their funds, investors will follows the operator of their choice. This means that the operator never needs to have control of their funds. Users will pay the operator for their services using the SPD token.
The SPD crowdsale
Spindle will have its own cryptographic token called SPD. In total there will be 10 billion SPD tokens created. 2.5 billion of these will be offered in a pre-sale and 4 billion in a main crowdsale.
The crowdsale is set to last from the 9th to the 15th of May 2018. You can find more information about the crowdsale by visiting:
Spindle website: https://spindle.zone
Spindle white paper: https://spindle.zone/spindlewp_2.0_en.pdf?2
Spindle Twitter: https://twitter.com/spindlezone
Spindle Facebook: https://www.facebook.com/spindlespd/