Seven “must-have” Tools for Digital Asset Investors in 2018

Seven “must-have” Tools for Digital Asset Investors in 2018

Nov 28th| Investment By:Mars Finance
Any industry is complicated, and usually we are merely spectators, but blockchain industry is different.

Any industry is complicated, and usually we are merely spectators, but blockchain industry is different. It has been given the attribute of global trading since its birth, converting many spectators into participants.

We have reviewed seven “must-have” tools for anyone seeking success in the blockchain industry and the cryptocurrency market.

1. Trading tool -- Huobi Global

The market is constantly changing, how to choose from more than 200 exchanges on the market could be intricate. Picking from the largest in scale, Huobi Global was founded in 2013, with digital asset transaction of 50% world-wide, making it the largest cryptocurrency exchange in China. The mobile App launched by huobi has been rated by users as the most user-friendly digital asset exchange App, also recognized by its secure and easy-to-use features in digital asset management. In addition, Huobi exchange has not yet seen with critical security and server issues, and supports a variety of login security protection measures. Huobi currently supports 23 currencies, 12 payment methods, 6 digital assets including BTC, ETH and EOS, as well as 179 digital currencies and their trading pairs in 21 countries and regions.

Safety: 5/5

Since its establishment in 2013, Huobi network has not experienced any serious security problems. Its mobile App supports fingerprint login protection, Google Authenticator, SMS double verification, login SMS prompt and other security measures.

Usability: 4/5

Huobi.co supports customized market chart, drawing tool, trend of multiple currencies at the same time at user’s convenience, zoom setting, price limit trading and market price trading two modes. 

Functionality: 5/5

Huobi exchange currently supports 23 types of fiat money from 21 countries and regions, 6 types of cryptocurrencies such as BTC, ETH and EOS, 179 kinds of digital currencies and their pair-trading, leverage trading and multi-chain digital asset wallet.

Number of users: 4/5

Huobin consisted 50% of digital assets trading world-wide at a time, and now its market share and number of users are leading in the world.

Link:

https://www.huobi.co

2. Social tool -- Telegram

Telegram, in short, is an instant messaging app, similar to WeChat, QQ or Line. However, telegram has been given the exclusive label of blockchain communication software since its launch. This is due to Telegram's extreme privacy protection of users' information, including point-to-point encryption and instant messaging after reading private chats. Telegram has gradually become the camp site for blockchain community because of its advocated free spirit and the blockchain’s philosophy of decentralization. 

Privacy: 5/5

Telegram supports private chat mode, and users can use the burn-after-reading function to erase information with a set time. Private mode also supports point-to-point encryption, which automatically deletes chat history after user logs out of account.

Usability: 4/5

In addition to improved privacy, Telegram also stores chat records in the cloud. It supports voice chat with adjustable progress, uses a faster distributed server, and promises never to have ads.

Functionality: 4/5

Mobile client supports IOS/Android/WP, and desktop client supports Web/macOS/PC/Linux. Telegram allows you to send any type of file with message encryption and burn-after-reading.

Number of users: 4/5

Telegram had 200 million registered users as of May 22, 2018.

Link:

https://telegram.org/

3. Wallet -- imToken 2.0

To protect your assets, you need a trusted and secured digital wallet. ImToken, the largest old-brand digital asset wallet in China, has released version 2.0 recently. It is independent from imToken1.0 as downloading and using the new version won't clear previous user information allowing user to keep existing wallet. At the same time, 2.0 version added support for BTC, EOS and other multi-chain assets on the basis of the stability and security, and no longer require a separate wallet for each asset. ImToken supports both IOS and Android mobile platforms. As reported, imToken as the largest Etherum wallet in China had close to 35 billion US dollars worth of ETH disposed in 2017.

Safety: 4/5

ETH offline signature is added to support fingerprint login protection, while multiple signatures are supported. Double authentication is not supported, and the remote server does not store keys.

Usability: 4/5

Support ETH, BTC, EOS multi-chain assets and token management. Meanwhile, it supports IOS/Android both major mobile platforms.

Functionality: 3/5

Built-in DApp browser and user environment, support user and developer identity sharing, wallet payment and other functions. But it does not support asset investment.

Number of users: 3/5

The number of users is less than Coinbase and Blockchain, but higher than most wallet tools.

Link:

https://token.im/

4. Digital currency portfolio manager -- Mars BitUniverse

In addition to the wallet, investors need to pay close attention to real-time asset status, so quick and reasonable decisions can be made based on the ever-changing market. We need a tool that can integrate the exchange prices and facilitate asset management. Market information management tools emerge endlessly, but each one has something missing or causes some kind of inconvenience. Mars BitUniverse is convenient in terms of asset management functions, perfect K chart and drawing tools, but it still lacks the comparison with the global market situation and real-time information collection.

Mars BitUniverse fundamentally solved the problems that the current asset management Apps are missing, such as K chart, line drawing, marking tool, and indicators. The portfolio manager app supports more than 200 exchanges, nearly 6000 kinds of digital asset market data, including a large number of currencies forced by the unsound exchanges. In addition to a large number of data support, K chart and various indicators function, Mars BitUniverse also has strong portfolio manager capability, including exchange assets synchronization, digital wallet, mining assets, and fiat asset. At the same time, it provides the push notice of asset changes and the built-in brief news section, so that users can get first-hand information without switching software. Mars BitUniverse is truly a one-stop digital asset manager.

Data volume: 5/5

Mars BitUniverse is the biggest market asset management tool that supports exchanges and digital assets one has never seen. It currently supports 237 exchanges and 5,842 types of digital assets. That is to say, it has 3,742 more digital assets than CoinmarketCap and 2,458 more than AICoin. Among them, there are many digital assets that are forced to go up by small exchanges, and Mars Bituniverse ensures that users can browse the most accurate asset prices through its enormous amount of data.

Usability: 4/5

The more features a tool supports, the less easy it is to use, but Mars BitUniverse limits the conflict between functionality and ease of use to an acceptable and friendly range. No matter it is the addition of digital assets management, or market reading, have done simple and convenient, reduce the number of user operations. It also supports the editing of App display panel, which can be customized by users according to their habits.

Functionality: 5/5

Compared with other market asset management Apps, Mars BitUniverse has increased synchronous support for exchange assets, as well as fiat money and wallet assets, which truly achieves seamless asset management. Secondly, the new market chart replaced the global common K chart, and support as many as 22 indicators; In addition, it has an alert board, notice function of asset fluctuation, and notice function of k chart setting fluctuation.

Number of users: 3/5

As an emerging tool, the number of users of Mars BitUniverse is still growing, but a tool with so many excellent features will not be buried.

Link:

http://biyou.huoxing24.com/

5. Market tool -- AICoin

After introducing the fully functional Mars Bituniverse, a simpler tool that could browse digital assets, exchanges and trading prices is recommended for minimalists. The current version of AICoin achieves a perfect balance between market data statistics and interface aesthetics. Users not only have easy access to the currency index, the list of ups and downs, the list of trading volume, and the statistical distribution of trading volume, but also can quickly jump from the sidebar and edit the current interface as needed. The web version supports powerful drawing function to attract traditional investors.

Data volume: 4/5

AIcoin currently supports 153 trading platforms and 3,393 types of digital assets. Although it is far less than Mars Bituniverse, it has already met the daily needs of most users. In addition, AICoin also supports more than 30 indexes in the current market, including the Standard & Poor's 500 index in the traditional market and Huobi10 index, the main currency index of the digital currency market.

Usability: 4/5

In terms of usability, AICoin has shown great advantages: from the App home page, it can intuitively monitor the global index, fluctuation list and transaction statistics of the three currencies of BTC, while the market page also achieves a high degree of edit ability, and it can conveniently select the currency transaction priority displayed on the interface.

Functionality: 3/5

In addition to basic market information and global index aggregation, AICoin also added K chart in the latest version, but does not consist of the Mars Bituniverse superior drawing function. However, AICoin added support for user interaction, such as the ability to publish dynamic "square" and "chat" function of real-time dialogue within the App. In addition, AICoin does not have the asset management and wallet functions that of Mars Bituniverse. Some functions such as user interaction cannot be used without login.

Number of users: 4/5

AICoin has captured a large number of users with its long history and iterative functions, and has 4.7/5 overseas App Store and 4.6/5 GooglePlay Store rating.

Link:

https://aicoin.net.cn

6. Blockchain browser -- Tokenview.com

It is impossible to make an accurate judgment when keeping an eye on the market prices of various exchanges, because the exchange is only one side of the blockchain asset trading chain and the other side is the information on the chain. By reading the information on the chain, you will understand more complete market heat and market trends. Compared to Etherscan.io and Blockexplorer.com, Tokenview.com is less than one year old and still in its early stage of development. However, Tokenview.com, relying on its powerful multi-chain support, has rapidly captured a large number of users. According to Similarweb data, the traffic flow of Etherscan and Blockchair websites has been continuously declining since May, and Tokenview.com has increased from 1898 hits in the middle of May to 58.9k hits now. Tokenview supports up to 24 digital assets and information query on the chain; ETH, NAS and EOS DApp data query of three public chains; rich account query, ranking and other functions.

Data volume: 4/5

Tokenview currently supports 12 kinds of coin and 12 tokens. It can read transfer data of 12 kinds of coin main chains and other basic blockchain browser functions. It supports ETH, NAS, EOS network DApp information reading and multiple chain whale account filtering.

Usability: 3/5

Most of the functions supported by the website can be entered from the top bar, which is relatively simple and convenient. However, the website layout, multi-language support and visual processing still need to be improved.

Functionality: 4/5

Tokenview supports block search, project profile, hash value query, top 100 accounts query filtering, ranking, customizable API support, mining calculator and other functions. However, after long-term usage, it was found that the data on the website is slightly delayed compared with the information on each blockchain.

Number of users: 3/5

Currently, there is still a big gap between the traffic flow of Tokenview and Etherscan.io, but since May this year, the traffic flow of blockchain browser websites such as Etherscan has been declining, while the traffic flow of Tokenview has been on the rise.

Link:

https://tokenview.com/

7. Knowledge tool – Self-cultivation of Leeks

In the cryptocurrency market, you are always faced with the decision game: what to invest in, how to invest, when to advance and when to retreat. This book not only tells readers the investment logic from the perspective of a famous figure in the bitcoin space, but also guides readers to understand the law of market changes, market prediction and rational judgment, which is earnestly taught by Xiaolai Li, the richest man in bitcoin. People in the world have many faces, but knowledge does not, learn and be good at using knowledge is a winner’s strategy.

Readability: 4/5

Xiaolai Li mixed a lot of personal experience in the book, and took this opportunity to explain all aspects of digital currency investment, let us look at the logic of this circle from the perspective of bitcoin's richest man, with plain words about the psychological errors of most investors, can be described as fascinating.

Ease to Read: 5/5

"Self-cultivation of Leeks" is not boring technical terms, formula algorithm, but helpful tips and knowledge from real investor’s personal experiences, with simple and vivid words to tell the novice investors what they might want to know. Compared with blockchain series such as "Blockchain Revolution" and "Blockchain: technology-driven finance", it has a much higher readability.

Internal capacity: 4/5

"Self-cultivation of Leeks" contains the value of investment theory, the law of cryptocurrency market, leek investment psychological analysis, income and risk transition analysis and other 22 chapters of content, although the content is not much, but for new investors in the cryptocurrency market is essential guide book to escape risk. But this book 135 pages, 42,000 words, feeling a little regret on the capacity.

Reader’s review: 3/5

Many readers has evaluated the book as expensive. In addition, many suspected that Xiaolai Li's book is to fertilize leek stubble. Rational readers rather believe that no matter Xiaolai Li cuts leek or not, just this book alone is worth reading and studying.