[DOC] Add digital portfolio management and social tradig features #14
Description
Type of Proposal
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Feature Request (e.g. functionality)
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Economic Model
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Underlying Technology (e.g. performance)
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Application Development
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Others
Background
DeFi and social trading are very popular right now. A large number of traders use signals for trading and often give their money to asset managers. It has a non-transparency problem and sometimes leads to fraud. I think Kuchain can help traders do it better.
Describe The Proposal (No more than 50 words)
Create dapp for decentralized management and balancing digital asset on KuChain. Also, give opportunity to subscribe to a popular traders and repeat his trades in automatic mode.
Business Model (Optional for underlying technology)
I think this features can help to attract new traders to the KuChain. Automatic portfolio balancing feature can help those traders who do not have a lot of time to trading. Social trading can also help with this. Popular traders can attract many new users. Profitable can find new audience and earn aditional rewards.
Using blockchain will help make these products more transparent.
Implementation Steps (Optional for economic model)
The first step is to create a dapp that can balance users portfolios. Later, KuChain needs to add feature for using different trading strategies for managing portfolios. When balancing feature will work well and stably, then it is necessary to create a dapp for social trading and communication between traders. After that, it is important to launch an active marketing campaign with a prize pool. Most successful traders can become champions of the month or quarter and receive prizes for it.
Expected Outcome
I think these features will helps Kuchain to increase its share of the Defi market.
This feature will attract new users and projects.
This features will also increase Kuchain on-chain activity.
Timetable (Optional)
Estimate the timetable of your plan.
| Implementation Steps | Time Consuming |
|---|---|
| step 1 | Create asset managment Dapp |
| step 2 | Add new balancing strategies |
| step 3 | Add social trading feature |
| step 4 | Add chat to this dapp |
| step 5 | Lauch promotional events and contests |
| Total duration | More than one year |
Additional Context (Optional)
I think KuChain can become a leader in this area. At the moment, this niche is free. This can attract new investors and new interesting projects.
Contact Information