Crypto Research Project

Company 1: Cryfi

1. Project / Platform .

Founded: Cryfi was founded in 2023 by Yura Mizin and Juana Attieh

Location: The platform is based in Bangkok, Thailand

Mission Statement: Cryfi is a trading automation app built on Web3, aiming to provide a comprehensive solution for traders and signal provider

Significant milestones:

Pitched for funding at FACE (

Founders & Creative Entrepreneurs

Participated in in the BFG Adrenaline Accelerator Program hosted by

Blockchain Founders Group (BFG)

Cryfi Alpha development has started since Q1 2024

Placed 2nd in Pitchverse Pitching Event hosted by

DTS GROUP

Partnered with Analog Token (ANLOG) from Dec to Jan

2. Platform and Technology.

Note: The CryFi website is too young and invite only. Therefore, there’s very little detail on its background and operable tech. I’ve written the closest possible tech based on sources that talk about similar tech.

Technology Stack/Blockchain Foundation: Cryfi utilizes a technology stack that includes a Proof of Signal blockchain, , file storage, P2P databases, APIs for indexing and querying, identity solutions, client-side frameworks and libraries, and other protocols.

Web3 Technologies Used: Cryfi leverages blockchain technology, decentralized storage solutions like the InterPlanetary File System (IPFS), smart contracts, and Proof of Signal platforms to create a trading automation app on Web3 that’s trackable.

Unique technological features: The standout feature that defines Cryfi is its Proof-of-Signal fundamentals. This allows it to encrypt and store every signal on the blockchain.

Interoperability with other blockchains/ecosystems: Based on the provided sources, Proof of Signal blockchains are interoperable with Proof of Work (PoW) and Proof of Stake (PoS) blockchains. The interoperability between different blockchain consensus mechanisms like PoW, PoS, and PoS is facilitated through various technologies and protocols such as sidechains, notary schemes, blockchain routers, industrial solutions, hashed time locks, and atomic swaps.

3. Tokenomics

Native token analysis: Cryfi's native token is Cream YFI (crYFI) which is a DeFi Token.

Max supply: 1,782.25174545

Holders: 125

Total transfers: 8,065

Token Contract: 0xCbaE0A83f4f9926997c8339545fb8eE32eDc6b76

No on chain metrics or circulating supply info available indicating it is not available to the public yet.

Supply mechanics, distribution model: Token distribution info is not available as it is not yet in circulating supply. Marketplace for traders based currently on telegram, no revenue based on native token. Revenue is earned directly in USD

Mechanisms/strategies for stability and anti-inflation: N.A., since the token has not entered.

Partnership tokens: Analog, Copin, Crypto Arsenal, Yoki Finance and others.

How sustainable does the project seem: Based on my research the success would depend on 3 factors –

• Marketing and popularity of paid copy trading

• Success rates of potentially onboarded traders and trade signal providers.

• A consistently competitive revenue system in its niche

4. Userbase and Growth.

How many token holders: Closed supply holders - 125

Social media following

Twitter – 15.9k

LinkedIn – 167 Followers

Growth trends

Within the niche that Cryfi is operating in, the following trends can be consistently seen

•Telegram is the leader in social channels with its support for large group communication. It is integrated into the CryFi and almost all of its competitors.

•Traders are slowly trying to value reliability over pure profit. CryFI’s whole selling point is a verifiable rating and success system which might put it on the radar for many people.

•Education and mentoring is another emerging trend. Some signal providers offer educational material for beginner traders, helping them understand the market and make informed decisions.

Strategies for user acquisition and retention/sustainability?

The primary strategy in this sector has been to provide free signals occasionally and draw customers in. As long as there’s good returns, there’s a decent chance that this strategy will continue working. However, it’s not scalable and only appeals to a limited market. There’s a serious lack of blog articles, social content and media in the whole sector that educates and attracts new audiences. This void leaves a major part of marketing untapped – i.e organic conversions.

Cryfi itself is not currently in public service and is on a waitlist system, so it’s consumer acquisition seems to be quite limited.

Products and Services.

CryFi’s product model has 2 main parts:

Cryfi is a marketplace for pro traders to sell signals while people can subscribe to their preferred signal providers.

2. It also offers a community for people to Join a free Telegram channel or securely pay for a paid one and enjoy trading signals while learning.

Platform features

•Custom pricing choices for pro-traders posting their signals allowing competition to flourish.

•Automated Trading through integration with CEX and DEX right from Telegram or their App.

•Proof-of-Signal encryption ensuring every Signal is encrypted and stored on the blockchain. This makes it impossible to manipulate the success rating and builds greater reliability.

•Tech Integration support for discord bots and telegram.

•Benefits from signal trading vs copy trading as you have full control and understanding of the trading process: allowing you to take the trade or not; plan position size, entry, exit points and stop losses.

SWOT

Upcoming features

• Open API for Signal providers

• Trade guidance and educational school

• Technical Analysis guides

• Live on-chart signals

Strategic goals

The strategic goals of Cryfi are essentially creating a fair marketplace for crypto trading and trading automation strategies. Their mission idea also talks about combating against the crypto world of deceptive signal providers and empowering traders to monetize their knowledge.

Strengths

• Blockchain Verification: Cryfi allows users to become blockchain-verified traders, which adds credibility to their signals and helps build trust within the community.

• Community Management: Cryfi offers freedom of managing your own community or letting them take the reins for community management. So, you can play by your own rule or just focus on trading and delivering high-quality signals.

• Personal Pricing: CryFi gives traders the ability to set and choose the prices they want, making it more consumer oriented as compared to fixed price subscription alternatives.

Weaknesses

• Limited Information: The search results provided do not contain sufficient information to compare Cryfi's weaknesses with other trading signal channels. People will be thus a bit unsure if they want to use it.

• Lack of Performance Metrics: As of now search results do not provide performance metrics for Cryfi, which makes it difficult to compare its long-term reliability with other trading signal channels.

Opportunities

• Community Building: Cryfi should focus on building a strong community of traders and investors, providing them with valuable resources, insights, and networking opportunities. This reliability even before launch will allow them to enter the game with a strong start. It will also help them connect with top traders and onboard them into their network.

• Marketing and Visibility: Due to it being relatively untapped, marketing efforts would be a great way to attract more users and increase awareness of its platform.

Threats

As a new competitor, CryFi must deal with big players in the Trade Signal Market. One of the biggest problems here would be competing with established channels which have had proven track records for over 4 years.