CryptoHelp
CryptoHelp; a new standard for investing, has arrived!
After months of hard work, we are finally able to launch CryptoHelp on the Ethereum and Binance Smart Chain Test Network. We are here to make a real impact by enabling a safe and profitable investment avenue for everyone looking to have their money invested in cryptocurrencies.
We have simplified the entire process of investing in crypto by making it possible for anyone to invest and earn from crypto’s high yields at minimal risk. You also stand a chance at becoming a superstar fund manager.
We founded CryptoHelp by the “use it or lose it” principle. Our aim; to build a service so good that not using it will result in missing out on money. In this article, we will explain CryptoHelp, discuss the results we currently have, and what we plan to do in the future as we unveil a new standard for crypto investing.
Crypto investments offer a high yield but they are not immune to investment scandals. In the traditional finance sector, one particular example of an unexpected investment scandal that shocked the world was that of Bernard L Madoff.
Bernie Madoff's case was a clear example of what a worst-case scenario could look like in the world of investing. On March 12th2009, the former Nasdaq chairman admitted to the largest Ponzi scheme in history where prosecutors estimated the size of the fraud to be $64.8 billion. Madoff's Ponzi scheme managed to convince thousands of investors to hand over their savings while falsely promising consistent profits in return.
Madoff's fraud case was unique, as there rarely exist similar cases of that size. However, there are thousands of repeated incidents of Ponzi schemes in the crypto space but on a smaller scale.
The Bitconnect Ponzi scheme is one example. The project was supposed to connect crypto investors to high-yield investment programs through the trading of a cryptocurrency called Bitconnect.
After running for about a year, the entire project collapsed, and the founders of the project disappeared with over $2 billion worth of investor’s money in Bitcoin.
Crypto Ponzi schemes like Bitconnect are one of the reasons why most mainstream investors avoid investing in crypto. The situation is not any better in the traditional finance sector.
Here are additional reasons that make investing in the crypto or traditional markets risky and unattractive:
In search of secure investments, most investors have overlooked smaller hedge funds that promise higher yields. Instead, they go for larger more established funds that offer greater safety. This is evident in the increasing amount of capital given to investment funds by investors around the world.
However, the fund management industry has grown too large and detached to the specific needs of the investor. This is happening at a time when studies show that even larger funds are not as safe as investors would like to think.
Larger funds are more likely to restrict investor liquidity or cease operations entirely. CryptoHelp solves this problem with a blockchain solution that decentralizes the entire investment process and introduces accountability of fund managers thus giving clients peace of mind.
We are a delegated trading and investment platform built on the Ethereum blockchain using the power of deterministic smart contracts.
With our decentralized application, it is possible to connect clients directly to fund managers by creating and entering an agreement that has a target return rate, duration, and specified risk profile.
By using an innovative smart contract collateral system, we have built a first of its kind collateral system, never seen before.
CryptoHelp’s collateral system is designed such that the fund manager who controls the funds during the investment period submits collateral to a smart contract. This creates an agreement contract.
The client can then delegate funds to one of the many agreement contracts authored by fund managers on the platform. For instance, a client might browse through the agreements from different fund managers and stumble on one that has 75% collateral.
This means that if the client submits $1000 to the fund manager’s agreement contract, that client will only be exposed to a maximum loss of 25% in the event the investment goes sour. The fund manager on the other hand will lose their collateral if they mismanage the client’s investment.
However, if the fund manager promises a 10% increase in the agreement and manages to return more than 10% during the investment period, the fund manager gets to keep the extra returns. With CryptoHelp everyone wins.
Our collateral system is built on smart contracts that are the digital equivalent of legal contracts only that they don't need a third party to enforce the terms of the contract. A smart contract is designed to self-execute automatically as long as the terms of the contract are met.
CryptoHelp will use Ethereum’s smart contracts in creating the agreements between the fund managers and the clients (investors). Smart contracts are immutable therefore the fund manager and the client will have to live up to their end of the burgain throughout the investment process.
Magic link is a feature integrated into the CryptoHelp platform to simplify the process of dealing with cryptocurrencies. Using conventional crypto wallets requires a steep learning curve especially for users who are not tech-savvy. One has to remember lengthy wallet addresses and keep track of numerous passwords. Magic link enables you to securely log into your crypto wallet using your email address as a verification method.
Our platform runs on the Ethereum network as well as on the Binance Smart Chain network. This gives platform users the power to leverage Ethereum’s high level of stability and security as well as BSC’s high transactional throughput and low fees. We also have plans to integrate cream.finance into our platform which will add to the platform's liquidity.
The CryptoHelp user experience is the cherry on top of its innovative solution. It is designed for simplicity and efficiency therefore making the entire experience beginner friendly. You don't need to be a seasoned crypto enthusiast to use our application.
The world of investing is leaning more towards abstract investment vehicles as opposed to concrete traditional investments such as CocaCola stocks or commodities like oil and steel.
Unlike traditional investment vehicles, cryptocurrencies are inevitably volatile as the market is still young and mostly untested. New investors looking for exposure in this high-yield sector usually have to spend hours researching and conducting due diligence before they can find legitimate projects worth considering.
The entire crypto landscape is filled with too many scams, and it is not uncommon for investors to lose 90% of their money. With this risk in mind, most investors choose to buy and hold prominent cryptocurrencies such as Bitcoin or Ethereum for the long term. Others decide to only invest in traditional investments that offer greater safety but with low returns.
Seasoned investors and traders in the investment space, however, have unmatched experience and expertise that enables them to identify hidden opportunities capable of producing high yields.
CryptoHelp is connecting clients to these seasoned fund managers through a secure smart contract based collateral system that keeps fund managers accountable while safeguarding the client’s funds. What's more, CryptHelp does this in an intuitive way using magic link wallets and a beginner friendly interface.
CryptoHelp makes it possible for serious fund managers and their clients to connect. The platform uses immutable smart contracts on the blockchain to create a collateral system for the benefit of all stakeholders in the investment space. With CryptoHelp, new investors no longer have to worry about finding the right investment or investing hours in due diligence. The platform makes it possible to cultivate a healthy community where experienced fund managers are rewarded for their effort as they connect directly to clients who can invest without the fear of losing everything.
