This is how we are going to take on CoinMarketCap
The popular Binance owned Coinmarketcap site is about prices but even more so about project discovery. Visitors want to see the market price movement and find opportunities to move their money in the search of profits. The site is being used to pump Binance products and dismiss other independent platforms, you can be certain it will get a lot worst in the near future.
Creating a clone like the other 100 clones that already exist would likely be a failure, but we have a plan, a different site structure that provides the same information for pricing and market discovery, and pairs it with an uncensored community platform.
But why would people join our community to discuss prices? That was the most common question we had in our previous posts. Why would I use https://www.KoingFu.com, when I can just get prices on coinmarketcap and be part of r/btc or r/CryptoCurrency, and here is our answer to that. We are creating a strong economic incentive for users to join and stay with us. We are distributing a token among those members of the community that generates good content, while at the same time we are using this token to bringing Ethereum's most popular smart contracts to Smart Bitcoin Cash. This way we close a value loop: users generate good content attracting more users, benefit from the token airdrop, create a strong network effect for Smart Bitcoin Cash contracts, while top spots bringing attention to your Bitcoin Cash ecosystem projects.
KoingFu.com will bring visibility and become a starting point for projects under an SLP or Smart Bitcoin Cash token. We list tokens not based on market cap (order can be changed by the user), but instead, it lists them based on a trending algorithm. On-chain activity, content, likes, links, social, and more signals tell us what coins should be at the top. Think about it as the Google SERPS algorithm applied to cryptocurrency listing. The projects that are getting the attention of the community get the top spots. That way your SLP and Smart Bitcoin Cash projects are more likely to get attention, with a place to airdrop them, discuss them, and even swap them.
Our index defaults to Bitcoin Cash and metrics like dominance and market pairs also will default to Bitcoin Cash no matter the price. You can click the star on the right column for the coins you like the most and they will move to the top regardless of our algorithm.
We also made progress working with Smart Bitcoin Cash, and are currently running two nodes. We will be using one of the nodes to gather pricing data from all tokens on Smart Bitcoin Cash and generate charts for them. The second node will be used to host our swapping gateway. The Smart Bitcoin Cash team is making amazing work, they are progressing fast and their work on documentation is well structured. SBCH is a game-changer for the scalability of smart contracts. We encourage everyone to start building on top of this platform and then list projects in the community.
We have listed an initial group of cryptocurrencies from the top caps, we expect them to be replaced by your projects. if you would like to see your token listed send us a DM!
The current version is a proof of concept with limited mobile support and some bugs, we still have a lot of work to do and need the support of the community to do so. So lets us know what you think, are we on the right track to creating something you would enjoy using?
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