Completing the past year with global economic conditions and industry turmoil, crypto platforms have started to work to develop more secure, decentralized and community-oriented concepts with the help of technologies such as Web3. As a result of these efforts, the global-scale hybrid Web3 platform developed in Turkiye was put into practice.
In 2022, the crypto industry was negatively affected by the collapse of internationally-known cryptocurrency exchanges with liquidity crises and the global economic climate making investors more cautious. Turkish entrepreneurs, who aim to use technologies and concepts such as Blockchain and Web3 to develop a safer crypto money ecosystem, rolled up their sleeves. CoinFeedBack.io, the global-scale Web3 hybrid crypto community platform that brings together communities and rewards shared data on the crypto ecosystem according to its value, started its activities as of the first quarter of 2023.
Social investment platforms market to exceed $3.7 billion by 2028
In a study conducted by ResearchAndMarkets, social investment platforms, whose size is predicted to exceed $3.7 billion by 2028, combined with decentralized technology, began to play a savior role in the crypto ecosystem.
Stating that investors who closely follow the crypto world are looking for a platform where they can interact with each other and be rewarded according to the accuracy of the information, predictions and data they share, Caglar Sahin, Founder of CoinFeedBack.io, said, “Crypto is positioned among the most talked about investment tools, about which the most content is produced. Reaching useful information among the large-scale data produced, protecting from speculation and mining information becomes an important need. At CoinFeedBack.io, we aim to achieve this.”
It is both a social platform, a crypto exchange, and an NFT store
Emphasizing that the platform, which lists more than 2,600 crypto and NFT groups today, has a social flow feature, Caglar Sahin said, “Users visiting our website are greeted with a flow that they are used to. Community members can like or comment on posts. The useful data obtained by processing the interactions of the community members with the support of blockchain and artificial intelligence is brought to the forefront by the system, making it possible for investors to access simple, up-to-date and reliable information. In addition, Feed AI, with the support of artificial intelligence, transmits instant prices, breaking news, large wallet movements to community members as notifications. In this way, investors can get more realistic insights about their next move. CoinFeedBack.io, which will offer a market and NFT store in the future, as well as social flow, aims to be the pioneer of both interaction and secure crypto investments.”
More than 1 million shares have been achieved
The shared roadmap of the platform, which started 2023 with the launch, showed that the platform-specific NFT collection will go on sale in the first quarter of this 2023, it will be opened for trading in the middle of the year, and the platform-specific cryptocurrency will be listed in the third quarter of the year.
Stating that they built the platform developed with Web3 technologies as a global-scale decentralized organization, CoinFeedBack.io Founder Caglar Sahin concluded his evaluations with the following statements: “We believe that fully exploiting the potential of blockchain and Web3 technologies is possible with decentralized structures that give full control to the community and aim to grow with the community. In this sense, CoinFeedBack.io, which has more than 1 million shares even though it has just been launched, acts as the protector of crypto with its infrastructure designed as a decentralized application that rewards quality data, encourages information mining and is designed as a decentralized application.”
Source: Egirisim / Prepared by Irem Yildiz