The world has been ablaze with talks about cryptocurrencies, which are based on blockchain technology. Blockchain, the core technology considered as the basis for cryptocurrencies, is disrupting the current centralized social organization structure.
With the ideas of decentralization and fundamental technologies including smart contracts and P2P transmission, blockchain is changing the entire commercial society. The past Industrial Revolutions were mainly pushed forward by the minority, social elite classes, whereas this new revolution will involve all classes and everyone can be the participants and beneficiaries of this social revolution.
Nowadays, more and more people are including digital assets in their investment plans, expecting tremendous return. However, as a result of the lack of industry regulations, the market is flooded with exchange platforms that are unprofessional and digital assets that are not worth investing in. It is also very common to see people invest in digital assets without proper investment logic, merely following others. Quantitative trading led by computer programming still forms only a small portion of digital asset trading, compared to traditional finance areas such as the stock market. Currently, over 90% of all trading on digital currency exchange platforms is done manually by investors.
These problems are not specifically related to blockchain technology, but are related to the delay of fundamental infrastructure construction and industry regulation compared to the rapid revolution and disruption caused by innovative technology. Despite these problems, emerging digital asset investments are still changing the traditional financial investment industry.
First of all, blockchain-based digital asset investment remove the past geographic limitations of traditional investments, as the distributed systems empower instant global investments.
Secondly, blockchain technology has lowered the barrier of investment. People may invest in innovative startups even with just a few cents,
while the revenue distribution plan is already defined and enforced by smart contracts. Such investments were not possible in the era where large venture capital institutions dominate the early investment opportunities provided by firms with great potential such as Google and Alibaba.
The Foundation intends to introduce BitUP Intellectual Digital Wealth Management Platform, which aims to solve the existing problems of the digital asset investment industry and provide digital asset investors, professional investment managers and AI-based intelligence investment managers a transparent and open platform. BitUP intends to build an innovative business pattern based on blockchain technologies.
This project has the potential to tackle problems such as nontransparency, information asymmetry, low efficiency, high transaction cost and high credibility risk, and build a open, transparent, trusted, information secure, efficient and low cost exchange platform. BitUP intends to empower the application of blockchain technology to the financial investment industry, increase social investment efficiency and help revolutionize the new economy system.
The BitUP team is based in Silicon Valley, with rich internet and quantitative finance expertise. The team values innovation and responsibility. The Foundation had been registered in Singapore.
The project to develop the BitUP Platform had been launched in 2017Q3 – the BitUP team had analyzed multiple quantitative trading algorithms and achieved impressive returns. In 2017Q4, the BitUP team finished the product design of PC and mobile platforms based on user needs. In 2018Q1, the Foundation will complete the development and construction of the BitUP Platform. In 2018Q2, members of the BitUP team (in its capacity as a user and asset manager on the BitUP Platform) will separately release the first BitUP investment fund.
The new economic era has arrived, and the Foundation would like to explore new investment patterns with all the investors.
The Foundation’s goal is to distribute investment gains fairly and openly to the whole world, alongside the rising trend of blockchain technology.
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