Token.com is the first social investing platform that allows users to interact with token projects just like they would with a social media profile.
Cryptocurrencies or token projects are introduced through TokenCards. These are made up of a video, a short description of the project, some tags and a token score.
If the user is compelled enough by the concept and narrative of the particular token then it can be easily bought (and sold) with a tap.
“The nominal way in which we interact in Web2 is through likes, we believe that the Web3 equivalent is that if you like something enough then you should invest in it” says Mel Gelderman CEO and Co-Founder of the platform.
TokenScores are a very important element of TokenCards as they allow the user to easily discriminate between worthy projects and others that lack standing ground.
“We’re aware TokenScores may be controversial, however it’s sometimes difficult to distinguish viable token projects from those that aren’t. We are trying to help our users make better investment decisions and keep crypto as clean as possible” says Mel Gelderman.
These scores are informed by reputable third parties and assessed by the token.com team.
While exchanges normally arrange cryptocurrencies by hierarchy determined by market capitalization, token.com allowing for different token projects to take the lead depending on the user’s preferences.
At token.com you can discover tokens through “Collections” specialized in diverse themes such as Gaming, Football, Culture or Carnaval tokens – a collection put together to pay homage to Brazil’s Carnival– (the platform has amassed a considerable user base and popularity in the South American country).
Depending on the user’s behavior and preferences different token projects and collections will be showcased. Using the app frequently will allow for a more personalized experience.
To discover new tokens people just need to swipe, while buying and selling can happen with just a tap.
“It’s very difficult to get familiarised with token projects using the current model which hasn’t changed in the last 10 years.
As a crypto native you don’t necessarily have the time to spend a week visiting Discord, listening to podcasts, or reading whitepapers to assess a particular project that may interest you.
For crypto curious individuals getting started feels daunting, while token projects themselves don’t necessarily have a voice and get lost in interminable lists.
There are thousands of token projects that have the potential to change the world. We believe that individuals should have the freedom and opportunity to invest in those that resonate with them.” mentions Gelderman.
For more information, please contact Ana Solana – Head of Communications at token.com
Please note: Investing in cryptoassets is risky. Due to the volatile nature of the cryptocurrency market, investors run the risk of losing their funds when they make an investment. Returns from cryptoasset investing are not guaranteed, therefore users should always be aware of the risks.
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