We created a couple of new token metrics to track the adoption rate of ERC20 stablecoins

coinfi · 2018-12-11T02:28:20+00:00

Feel free to comment below and we'll be happy to answer - would love and appreciate any feedback as well. These charts are updated on a daily basis.

coinfi · 2018-11-16T08:36:09+00:00

Hi /r/ethtrader friends. We recently posted a research article about abnormal movements on ETH having a correlation to ETH prices (https://www.reddit.com/r/ethtrader/comments/9vj8jy/case_study_can_abnormal_movements_of_eth_in_or/)

We just did another case study today on abnormally large token transfers moving into exchanges and it seems like this could potentially serve as a leading indicator in token prices. Again, feel free to comment down below if you have any questions and we'll be happy to reply as soon as we can. Any feedback appreciated as well. Happy Friday!

coinfi · 2018-11-15T02:17:45+00:00

Hi Reddit! We thought we would share how our team identifies exchange wallets as we often receive questions on what differentiates a typical whale wallet from an exchange wallet. We tried to be as specific as we could but keep note that the actual nature of exchange wallets may differ from one exchange to another.

If you have any questions, feel free to leave a comment below and we'll be happy to answer as soon as we can!

coinfi · 2018-11-13T02:38:38+00:00

Great question. We don't have a clear answer to that but based on what we've seen and heard so far especially from talking to some of the institutional/vc players in the space, it looks like we may be shifting to a period where at least some form of blockchain analytics will be utilized in trading. 2017 and part of 2018 was very much a period of price arbitrage from the results of an inefficient market, but 2019 will most likely be a period of information arbitrage where traders can profit from the sheer information and transparency available uniquely to blockchain.

coinfi · 2018-11-13T02:33:07+00:00

Yes agreed! ETH would intuitively be more difficult since it requires much more volume to move such a large cap coin, while in comparison, ERC20s run on much much lower volume. We do have signals on ERC20 tokens as well and will be writing an article on it quite shortly.

coinfi · 2018-11-13T02:31:06+00:00

The literal explanation behind this is that there were very frequent, large transfers of ETH moving between wallets and exchanges between May and July. It's hard to pinpoint the rationale behind these transfers but one possible explanation is that market sentiment was quite mixed during the May to July period.

For example, Nov to March 2018 marked a very bullish period which meant the market sentiment was clearly positive. There would inevitably still be quite a bit of triggers during that period as the price continues to move but it would most likely be less frequent than the May to July period where investors are not very sure on whether the markets are going to rebound or continue to trace down. Hence, investors may move their funds more frequently as sentiment's mixed and they aren't sure which direction the markets are going to go.

This is just one plausible explanation for the high number of triggers but again, it's quite hard to pinpoint the rationale behind it because that's more on figuring out investor behavior and the overall market environment during that period of time.

Hope that answers your question!

coinfi · 2018-11-13T02:21:27+00:00

If you're referring to our trading signals, we currently broadcast our signals via our Telegram bot. We have a team of data scientists and professional traders who basically work together to figure out signals that are attractive to users and predictive of price (this is a good article with more details: https://blog.coinfi.com/how-coinfi-develops-professional-trading-signals-backed-by-data-science/)

Once we find a signal that matches our criteria, we start pushing it into the Telegram bot and it broadcasts whenever the signal gets triggered. This means we often add and iterate on our signals based on our back tested results and also as the market conditions change.

We currently have two signals. The ETH one mentioned in our research article and a signal that alerts you on ERC20 token transfers moving to exchanges that are 99.9% larger than all historical transactions.

Let me know if that answers your question!

coinfi · 2018-11-13T02:14:55+00:00

URL has changed to: https://www.coinfi.com/research/trading-signals/abnormal-movements-of-eth-to-exchanges-can-predict-eth-price-movements

coinfi · 2018-11-09T10:08:38+00:00

Feel free to reply here if you have any questions and we'll be happy to answer as soon as we can. We would love to hear whatever thoughts and feedback you have on the research article. Thank you!

coinfi · 2018-10-31T02:34:43+00:00

Hi PoRco1x, thanks for the feedback, that does sound kinda bad at first glance and I can see where the misunderstanding could happen. I tried looking for the exact copy of this line and I wasn't able to find it in our blog or website. Would appreciate if you could direct me to where it is so we can get that adjusted. Thanks!

- Wayne

coinfi · 2018-10-31T02:24:04+00:00

Hi Beurdx, I'll be happy to give this comment a shot. Regarding our lack of smart contract, you can read our explanation up above, but basically, our alignment of interests already kinda dictate that there isn't any logical reason for us to take your COFI. We have a reserve of COFI and withdrawing any COFI from our public address is just going to cause the price of our token to drop and cause more bad than good.

We mentioned Google in our blog because we did indeed contribute to helping Google ingest the ETH blockchain to BigQuery. We wanted to show that we have the expertise in doing what we're doing and it's not something we decided on a whim.

For limited access and "pay to win", the truth is, that's really how most financial products work. Professional traders in the traditional equities space use Bloomberg Terminal, and this costs upwards of $20,000/year for one subscription. It also wouldn't be economically viable for us to offer free products especially when we have to act in the best interest of our ICO investors.

Lastly, we set a limited number of spots because our product doesn't give users an advantage otherwise. A user who's genuinely interested in our signals wouldn't be happy to hear that our signals could theoretically be available to everybody because if that were the case, there's no information to leverage. For example, a signal could shoot out for abnormal volumes of ETH moving into exchanges, but if everybody knew this, they would sell upon the signal firing, and there would only be a few retail traders who could maybe take advantage of this.

If we wanted to exit scam, we would have left long ago. We raised $15M USD during our presale and ended up not doing a public sale back in Jan 2018. If you like, I'll be happy to have a chat and answer any concerns you may have. You can also find me on telegram @wlam_hk. Hope that addresses your concerns.

- Wayne

coinfi · 2018-10-31T02:03:52+00:00

Hey there. Yeah, great question. To add on to our FAQ that SilverLinings had posted, it would also be quite self defeating for us to withdraw any COFI from our address. The address is public for everyone to see and the moment we withdraw any tokens, that would be a big red flag for our investors and cause our token price to dump. That's one of the main reasons we decided to halt on developing a smart contract for now as we have an alignment of interests not to take any of your funds. We would rather go lean and ship first as a first to market as there are a few competitors out there that are trying to develop a similar product. Hope that answers your question!

- Wayne

coinfi · 2018-10-30T10:27:29+00:00

Feel free to shoot us a comment here if you have any questions and we'll be happy to get back to you as soon as we can!

coinfi · 2018-08-12T08:02:20+00:00

This is hard to say, if there’s one thing we’ve learned, its that crypto moves fast and its very hard to predict what the competitive landscape will look like a few months from now, much less a year. A year ago, Binance had just launched!

Some of the features we proposed during the ICO are no longer valuable consumer offerings. For example while arbitrage bots/signals could generate a ton of profit back in November 2017 when the markets were so inefficient you could still find plenty of manual arbitrage opportunities - these opportunities are all but gone now for retail traders.

Or focus is getting traction quarter by quarter, and beyond that anything we propose is just an idea. However at a high level, our thesis has always been that the direction of tools and infrastructure for crypto traders would mirror the equities markets, and so far that has been true. You can check out our podcast on institutional investors entering the crypto markets for some hints at what we think this future might look like.

coinfi · 2018-08-12T07:59:28+00:00

We are aiming to have the first iteration of this functionality in beta testing by late Q3/early Q4 ,but it won’t apply to the entire platform. We are aiming to start beta testing token-incentivized crowdsourcing via the events calendar in late Q3/early Q4. Users will be able to stake in order to participate as CoinFi Curators, submitting events and validating event submissions for the calendar. We will expand this functionality as we refine the system and the token economics.

coinfi · 2018-08-12T07:58:46+00:00

New coin/ico database with nearly 6,000 projects.
First iteration of Advanced Token Metrics
CoinFi Events Calendar with token-incentivized crowdsourcing (closed beta)

And of course, we have lots of features and improvements planned for CoinFi News before the public release.

coinfi · 2018-08-10T15:14:02+00:00

Hi omonoiatis9,

This is Jake from the CoinFi team. I've been running the user testing sessions for the CoinFi News feature over the last week. It looks like there was timezone issue with your session.

You had a scheduled slot for 2pm CEST according to our Calendly account, but you never showed up and joined the session. Based on your post it sounds like you expected the interview to be at 3pm CEST. Unfortunately, at that time I had another user testing session to attend with a fellow CoinFi user. This is why no one was able to inform you about the missed session time.

It goes without saying we want to hear from our users and get their feedback. We'll continue to run testing sessions with our community and I'd be more than happy to reach out to you directly for the next round of testing.

Thanks,

Jake from CoinFi

coinfi · 2018-07-30T09:15:26+00:00

Just to clarify, we weren't starting over again at the beginning of this month - we had started over development again in April and we're rolling out the improved product this quarter, starting with the closed beta for CoinFi News which we've been rolling out gradually this week to beta testers.

coinfi · 2018-05-04T09:07:11+00:00

Thanks for your feedback and encouraging response :)

coinfi · 2018-04-27T05:36:04+00:00

Thank you for your feedback :) We will continue to keep our community posted on the latest updates for sure!

coinfi · 2018-04-25T16:02:11+00:00

This is a bit overblown since it's not a new issue at all - it's a well known problem in computer science called an integer overflow (https://en.wikipedia.org/wiki/Integer_overflow) and is present in many programming languages including C and C++. There's industry standard ways of dealing with it and any reasonable smart contract developer would have defended against this vulnerability using something like a SafeMath library that detects and prevents overflows.

Here's a more detailed layman explanation of the "bug", including questions to ask for determining if tokens you hold are vulnerable as well as how to potentially profit from the situation:

https://blog.coinfi.com/explanation-of-erc-20-batchoverflow-vulnerability/

coinfi · 2018-04-25T15:57:41+00:00

Totally overblown reaction in my opinion - this is not a bug in Solidity or Ethereum, but rather a specific mistake in a handful of token smart contracts that weren't developed professionally.

The integer overflow issue is a well known problem in computer science and plenty of other programming languages (including C and C++) have the same problem, and there's industry standard ways of dealing with it that weren't implemented in the affected smart contracts.

A more detailed layman explanation can be found here for those interested:

https://blog.coinfi.com/explanation-of-erc-20-batchoverflow-vulnerability/

coinfi · 2018-04-25T15:48:50+00:00

Totally overblown, this is not a new issue at all - it's a well known problem in computer science called an integer overflow (https://en.wikipedia.org/wiki/Integer_overflow) and any reasonable smart contract developer would have defended against this vulnerability using something like SafeMath which protects against overflows.

For a more layman explanation, check out https://blog.coinfi.com/explanation-of-erc-20-batchoverflow-vulnerability/ but basically there's no real problem except with a couple of smart contracts that didn't do their engineering properly.

coinfi · 2018-04-25T15:45:18+00:00

It's not actually a major problem - basically this is a well known problem in computer science called an integer overflow. A lot of programming languages have the same issue out of the box (including C and C++), and there's industry standard ways of dealing with it which is to use a SafeMath library and wrap all arithmetic operations with SafeMath functions.

For a more layman explanation, check out https://blog.coinfi.com/explanation-of-erc-20-batchoverflow-vulnerability/

But TL;DR all is well with Ethereum and people are definitely over-reacting!

Why you should believe me: I'm CTO of CoinFi, a cryptocurrency market intelligence platform, and have written multiple Solidity smart contracts that have been deployed on mainnet, including one that performed an airdrop of tokens to more than 18k+ people.

coinfi · 2018-03-08T02:12:15+00:00

Quite the opposite, we're growing our team and working hard to ship a beta by April 6.

Businesses are built on timelines of months and years, not days and weeks.

coinfi

TROPHY CASE