For those new to cryptocurrency, finding the most trustworthy advice to make their first steps into a new environment can be overwhelming. Equally, more experienced traders want to continue to advance their portfolios to their best potential. A new ‘all in one’ platform, Pinnacle, aims to provide an investment multiplex for traders of all levels.
The company works under the belief that ‘Every single person can become a successful trader as long as they use the right tools and choose the trading style that fits their strengths and weaknesses.’ Their white paper outlines how the platform will provide access to ‘every major trading exchange worldwide’ from PC, Mac, Android and iOS, with fully automated arbitrage trading between each of these exchanges. There will be a YamaCat trading course for novice investors and features which allow traders of all levels to track and/or mimic professional traders across multiple platforms. A charting app will allow users to view the progress of multiple exchanges at a glance, and highly accurate (80%+) Pinnacle propriety trading signals can guide investors towards decisions across these exchanges. Pinnacle believe that these features and more will ‘will revolutionize trading cryptocurrency and world markets.’
Pinnacle will also feature a Stellar based token, Brilliance (BRIL), which it describes as ‘the backbone of Pinnacle.’ Users will require a balance of BRIL in order to access the numerous features within Pinnacle, which the company say will ensure the tokens see ‘a consistent increase in value and price.’ With 3.5 second block times, users can execute trades exceptionally quickly using BRIL.
Pinnacle is looking to implement these plans rapidly. Already partnered with companies such as LDJ Capital, FXCM and Ameritrade, they aim to release some trading bots for BRIL holders to use within the first quarter of 2018. Their ICO is already live until Feb. 25th (token supply 26,990,000 $1/token), after which they plan for BRIL to be listed on at least three crypto exchanges. In addition, they plan to hold interesting PR activities such as a ‘trading contest’ in Q3; the ‘best trader on Twitter’ will win a $1 mln prize.
Project leader Roman Guelfi-Gibbs has been trading since the age of 16 and has clearly brought his decades of the experience to the fore when guiding Pinnacle to become the first single-access point for crypto exchange in history. He is advised by Blockchain advocate David Drake, who’s investments are looked after by over 50 global directors. This is a truly formidable team who look set to live up to their claims of ‘revolutionizing the world of crypto.’
Should the platform launch continue to prove successful, Pinnacle looks set to open up the world of crypto to even more users than before, providing all training, strategies, advice, statistics and trading platforms required for novices to get started and professionals to increase their assets. It will be interesting to see if they can achieve their aim of becoming ‘THE ONE application that traders need to perform all aspects of trading,’ and how this will affect other single-function platforms.