CoinDash (CDT) Review 2018: What Is CoinDash? | VKOOL

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CoinDash is a service that helps users create portfolios for their cryptocurrency investments. While other programs simply let you buy and sell at will, CoinDash was developed to help people not only develop investment portfolios, but manage them wisely and efficiently, and even look at the way other users are investing and copy the way other people are trading. In this way, it's supposed to be more social and interactive than other investment platforms in which everyone and their decisions are sealed off and everyone is left more or less on their own, making it hard for beginners to get involved.

Feel free to use our guide to get familiar with CoinDash, and see if it's the right service for you. If you've got a mind to invest, click here for more great 2018 altcoins to invest in.

What Is CoinDash?

Lots of people who want to get into Bitcoin investing are stopped by one simple fact: they don't know the first thing about investing. Many of them might not even know what a portfolio is. The perceived high learning curve and necessity for expertise and knowledge to make some decent money investing discourages many people from getting involved. CoinDash was created specifically for those people, to help get them acclimated to cryptocurrency markets and investing strategies.

CoinDash allows people not only to create their own investments, but also to see how more experienced investors are trading. They're also given the opportunity to “copy” the investment decisions being made by others, so that they can hopefully get the same success as those people. In this way, people can learn by seeing, and can get their feet wet by mimicking the way other traders are trading.

How Does CoinDash Work?

This platform has three main parts that make up its services. First, there's portfolio management. You can create a portfolio of cryptocurrency investments, but not only that, you can also get analyses and suggestions sent to you regarding how your investments are doing, good overall strategies you might find useful, and other bits of advice.

By linking all of your wallets to your CoinDash profile, it will give you an overview of all of your investments in a centralized way, so that you don't have to go from wallet to wallet to service to service – instead, it's all right there in front of you.

The next part is their trader network. This part of the platform allows users to see how other people are trading. If you like how they're doing and the decisions they're making, all you have to do is click the “copy” button and voila! your portfolio is altered to fit that particular trade.

Then there's the Marketplace. This is where you can see how different companies and currencies are doing, get data in real-time, and read up-to-the-minute updates about your favorite currencies.

The foundational part of CoinDash is the CoinDash Token (CDT), the currency that allows you to see how traders are working and replicate their decisions if you think they're worth copying. You can earn CDT by making your own portfolio public, which is how CoinDash hopes to foster a social, reciprocal community of users. You could also buy it outright.

You don't even need to micromanage everything, either – all you need to do is set aside a certain amount of CDT or Ethereum and set your profile to copy certain moves or receive certain information automatically. If these sound like great features to you, check out this list of more altcoins to invest in at this link here.

 

Who's Behind CoinDash?

This platform has three main parts that make up its services. First, there's portfolio management. You can create a portfolio of cryptocurrency investments, but not only that, you can also get analyses and suggestions sent to you regarding how your investments are doing, good overall strategies you might find useful, and other bits of advice.

By linking all of your wallets to your CoinDash profile, it will give you an overview of all of your investments in a centralized way, so that you don't have to go from wallet to wallet to service to service – instead, it's all right there in front of you.

The next part is their trader network. This part of the platform allows users to see how other people are trading. If you like how they're doing and the decisions they're making, all you have to do is click the “copy” button and voila! your portfolio is altered to fit that particular trade.

Then there's the Marketplace. This is where you can see how different companies and currencies are doing, get data in real-time, and read up-to-the-minute updates about your favorite currencies.

The foundational part of CoinDash is the CoinDash Token (CDT), the currency that allows you to see how traders are working and replicate their decisions if you think they're worth copying. You can earn CDT by making your own portfolio public, which is how CoinDash hopes to foster a social, reciprocal community of users. You could also buy it outright.

You don't even need to micromanage everything, either – all you need to do is set aside a certain amount of CDT or Ethereum and set your profile to copy certain moves or receive certain information automatically.

How Does CDT Work?

Like we mentioned earlier, CDT is the cornerstone of this service. In a way, it's actually its own currency, with a price that fluctuates with demand and which can be bought with any number of currencies, real and crypto alike. It's built on the programming rules that govern other Ethereum tokens, meaning it's compatible with the Ethereum blockchain and follows the standards set by that computing platform.

As an in-service currency, CDT is to be used only for performing the functions that CoinDash offers, particularly the trading network. In order to view someone else's trading, you must spend a certain amount of CDT. In order to get updates on their actions, and ultimately copy their trading style, you must spend CDT.

There are a couple ways of earning CDT. It can be earned by publicizing your own portfolio and allowing others to view it (and if you're good enough, to copy your trades). It can also be purchased via another cryptocurrency. By using CDT, people are encouraged to invest in the very means by which the service operates, an idea which could help the platform to swell in popularity. If you're interested in more coins that could earn you a return, check out our new picks for the best altcoins of 2018 here.

Where Do I Buy CDT and How Is It Stored?

Right now, you can buy CDT on exchanges like Binance, BigONE, and EtherDelta, among others. It can be bought with Ethereum or Bitcoin at the moment.

Once you've acquired your CDT, you can store them in hard wallets that come with Ethereum support – and those include Trezor, and Ledger Nano. You can also use the Ethereum-supporting software wallet MyEtherWallet.

 

The Supply of CDT

Right now, the total supply of CDT is at 1 billion tokens, with only around 651 million in circulation. During their ICO, they offered a “loyalty” program bonus where they distributed 15 million tokens to early adopters.

CoinDash vs Covesting

Right now, the total supply of CDT is at 1 billion tokens, with only around 651 million in circulation. During their ICO, they offered a “loyalty” program bonus where they distributed 15 million tokens to early adopters.

Frequently Asked Questions

  1. Does Coindash have an app?
    Yes, currently you can get the app for iOS, but it isn't clear whether another app is being developed for Android.
  2. Is there a community for CoinDash on Reddit?
    Yes, if you check out Reddit you'll find that there's an entire subreddit dedicated just to CoinDash.
  3. How do I buy CoinDash?
    You can buy CoinDash Tokens (CDT) on marketplaces like Binance using Bitcoin and Ethereum. From there you'll have them transferred to your CoinDash wallet to be used within the platform as you see fit.
  4. Does CoinDash have its own wallet?
    Yes, CoinDash has a wallet where CDT are kept for use and spending on the platform.
  5. Who is on the CoinDash team?
    The CoinDash team includes Alon Muroch and co-founder Adam Efrima.
  6. What is the current price of CoinDash?
    For the answer to that question, you will have to keep your eye on the markets, as the price can fluctuate from minute to minute.
  7. Where can I read about the latest CoinDash news?
    CoinDash is so new and so momentous that you'll find news about it nearly anywhere you see news about cryptocurrency, as well as more mainstream services like Medium, CNBC, and Vice.
  8. Where can I read reviews of CoinDash?
    In addition to the review we've just given it, you can find reviews for this service at lots of blogs and sites dedicated to cryptocurrency and blockchain computing.
  9. What is the CoinDash token?
    The CoinDash Token is the currency used for most transactions in the service, partly having to do with observing the actions of other traders. It's also the way you pay for the privilege of copying other people's trading.
  10. Does CoinDash have a Twitter?
    Yes, CoinDash is all over social media, with accounts on Twitter and Facebook.
  11. What is CoinDash?
    Well, in short, it's a one-stop platform for cryptocurrency investing. It's a place where you can see all of your wallets in one place, look at the way others are trading (and the opportunity to copy them), and to get updates about how the markets are performing. It's a way for people who don't know how to invest to get into investing with cryptocurrency.
  12. What are the predictions for CoinDash?
    All predictions when it comes to investments can be tricky, and anything can happen that can affect prices and value. As of now, we prefer to remain neutral, offering no predictions for how CoinDash will perform or how popular it will be.
  13. Is there a CoinDash app for Android?
    The last we read, there are plans to develop a CoinDash app for Android, but as of the writing of this article it is not complete yet.
  14. What is on the CoinDash white paper?
    On their white paper you'll see a broad outline of their business plan, their proposals, some facts and figures about the prices of ICOs and details about how they plan to make their business competitive and unique.

Conclusion

CoinDash fills a niche that until recently there haven't been a lot of services to fill. People who don't know the first thing about investing might shy away from trying to get involved, which is why CoinDash was started in the first place: to provide a way for newbies to get their feet wet by getting tips, information, and strategies delivered to their dashboard. All of this is accomplished with an in-house currency that allows these social and trading transactions to be performed. While there is at least one other service that offers this sort of copy-trading (Covesting), CoinDash puts equal emphasis on the other aspects that make it a well-rounded way to see how your investments are doing and what you can do to improve them.

The platform is still in beta at the moment, so that means there are probably some kinks that are going to get worked out, bugs that need to be cleaned out, and what ends up being the final product may be slightly different from how it is in its current state. Either way, after looking at what they want to do and how they want to do it, it's possible that this service could end up introducing lots of new people to the world of cryptocurrency trading that might never have gotten involved at all. You can expand your options of coins to trade in by checking out these new and exciting altcoins to invest in in 2018.

Peter Lehmann

Peter is a blockchain investor and cryptocurrency writer at Vkool.com. Since 2014 Peter has advised blockchain startups and ICOs on content marketing, strategy and business development.

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