For many, the stock market really lives up to its “bulls and bears” nickname. Between movies depicting ruthless men in business suits, to news reports of the DOW dropping, let’s face it, the stock market is pretty intimidating. Understanding the basics of how the stock market works, and actually participating in the “buy, sell, trade” of it all, are two completely different things. People have lost millions betting their future on the DOW; while others never even tried out of sheer lack of knowledge. And now, we are adding cryptocurrency into the mix.
FoKoya, a market leader in peer to peer platform development systems, recognized the need for a tool that would bring the world of stocks, and more specifically digital assets, to a more mainstream audience. That’s why the company has launched its newest product, Blockium. Blockium is an asset trading platform that is designed to make the buying and selling of digital assets easy through gamification.
The minds behind Blockium pinpointed the reasons why financial markets have not penetrated a mass investor audience, despite being a powerful economic tool. Some of the roadblocks include excessive regulation, the need for large initial investments, and high foreign exchange rate penalties.
Blockium’s main goal? To make the stock market and the trading of digital assets seem a little less bullish, and more like an additive game you can play with family and friends. Users are invited to create different competitions. These mock competitions have specific entry fees, asset classes, prize money, time limit and more. Traders select different stocks or cryptocurrencies to buy and sell during the course of the competition. Winners are then given prizes based on the value of the stocks once the time limit expires.
Blockium will meet the needs of both novice and skilled assets traders by integrating various features made possible to due the blockchain infrastructure. Blockium will also offer an accepted entrance fee that suits any budget imaginable, meaning there are no longer high thresholds for initial investments.
In order to get the platform off the ground, Blockium has announced that it will be holding an IEO (initial exchange offering) in partnership with Coineal, a crypto exchange platform. The IEO will raise funds for Blockium’s new token, BOK. As users invest in the BOK token, they will rise in value, giving investors the chance to make a significant profit. Blockium is aiming to hit a hard cap of $1.2 million.
On the topic of the IEO, Gilad Raz, CEO of Fokoya, told Cointelligence, “Fundraising via IEO will allow Blockium to consistently develop company activities, as well as the platform’s token economy, with an optimized product that acts as a gaming competition resource to anyone the trading world.” He continued, “Tokenization is key, as it will create b2b opportunities for us in the future, while meeting the needs of our crypto community immediately.”
While the gamiciation aspect of Blockium is interesting, I’m not sure if it will be enough to allow the world of digital assets to break into a mainstream audience. Yes, turning anything into a game will definitely help appeal to the masses, but are the masses really chomping that much at the bit to enter the asset trading game? Both blockchain and the stock market are two industries that seem intimidating to some, and just uninteresting to others. And combining the two, even with the addition of some fun competitions, might be a bit too much for the masses to swallow.
FoKoya, a market leader in peer to peer platform development systems, recognized the need for a tool that would bring the world of stocks, and more specifically digital assets, to a more mainstream audience. That’s why the company has launched its newest product, Blockium. Blockium is an asset trading platform that is designed to make the buying and selling of digital assets easy through gamification.
The minds behind Blockium pinpointed the reasons why financial markets have not penetrated a mass investor audience, despite being a powerful economic tool. Some of the roadblocks include excessive regulation, the need for large initial investments, and high foreign exchange rate penalties.
Blockium’s main goal? To make the stock market and the trading of digital assets seem a little less bullish, and more like an additive game you can play with family and friends. Users are invited to create different competitions. These mock competitions have specific entry fees, asset classes, prize money, time limit and more. Traders select different stocks or cryptocurrencies to buy and sell during the course of the competition. Winners are then given prizes based on the value of the stocks once the time limit expires.
Blockium will meet the needs of both novice and skilled assets traders by integrating various features made possible to due the blockchain infrastructure. Blockium will also offer an accepted entrance fee that suits any budget imaginable, meaning there are no longer high thresholds for initial investments.
In order to get the platform off the ground, Blockium has announced that it will be holding an IEO (initial exchange offering) in partnership with Coineal, a crypto exchange platform. The IEO will raise funds for Blockium’s new token, BOK. As users invest in the BOK token, they will rise in value, giving investors the chance to make a significant profit. Blockium is aiming to hit a hard cap of $1.2 million.
On the topic of the IEO, Gilad Raz, CEO of Fokoya, told Cointelligence, “Fundraising via IEO will allow Blockium to consistently develop company activities, as well as the platform’s token economy, with an optimized product that acts as a gaming competition resource to anyone the trading world.” He continued, “Tokenization is key, as it will create b2b opportunities for us in the future, while meeting the needs of our crypto community immediately.”
While the gamiciation aspect of Blockium is interesting, I’m not sure if it will be enough to allow the world of digital assets to break into a mainstream audience. Yes, turning anything into a game will definitely help appeal to the masses, but are the masses really chomping that much at the bit to enter the asset trading game? Both blockchain and the stock market are two industries that seem intimidating to some, and just uninteresting to others. And combining the two, even with the addition of some fun competitions, might be a bit too much for the masses to swallow.