Spiking.io is an international stock tracking app that promises to help traders navigate the treacherous waters of the stock markets simply by following the movements of whales.
Trading stocks can be an incredibly risky pursuit. The difficulty comes from a lack of guidance on who the big players are (aka the ‘whales’), what the best times are to buy and sell, and limited knowledge of where to trade and how to get started. All of these challenges culminate in a frustrating process that leads most traders to make poor decisions and wind up being unprofitable over the long run.
Spiking.io was launched in 2016 to allow retail traders to follow and automatically mirror the verified trading activities of large shareholders of publicly listed companies. Today the company tracks the buy and sell activities of up to 180,000 sophisticated investors in 4 markets: Singapore, Malaysia, Hong Kong, and the USA.
Spiking.io initially started with just stock traders, but since 2017 they’ve begun tracking big players in the cryptocurrency market.
In August 2018, the Singapore based company achieved a significant milestone by raising a total of S$2.23 million in a Seed and Pre-A round, after recently closing an additional S$1.2 million.
The private token sale was led by CRC Capital and Mars Blockchain. Other investors include Jove Capital, Dr. William Nguyen, Rune Evensen, and James Sowers. The Pre-A round investors include Julian Chesser, Managing Director, Financial Markets, Singapore, IHS Markit (NASDAQ: INFO); Carl Wang, General Manager, Eyougame (Eyou Technology Pte Ltd); Lisa Theng, Managing Partner, Colin Ng & Partners LLP.
Additional investors include:
- Koh Boon Hwee, Chairman of Credence Partners Pte Ltd
- Douglas Foo, Chairman of Sakae Holdings Ltd (SGX: 5DO)
- Lim Ah Hock, Executive Chairman of Pestech International Bhd (KLSE: PESTECH)
- James Tan, Managing Partner of Quest Ventures and Co-founder of 55tuan (NASDAQ:WOWO)
- Kazumasa Tomita, CEO of ZUU Co. Ltd. (TYO: 4387)
The vote of confidence from investors is largely due to the company’s strong technical team, which includes Dr. Clemen Chiang, Ph.D., CEO & Co-Founder, and Dr. William H. Nguyen, Chief Blockchain Architect and former Chief Crypto Architect of GIFTO, one of the fastest selling ICOs in Asia.
According to Dr. Clemen Chiang, the company plans to use this capital to “demonstrate user growth and focus on driving revenues with new monetization channels. This will lay the foundation for the subsequent Series A funding round.”
In addition to a new injection of funds, Spiking.io is expecting to upgrade their app with new functionality that will improve the trading experience. They also plan to launch an Airdrop campaign for participants to receive free tokens.
How it works
Spiking makes it easy to track the trades of crypto ‘whales’. Whales are simply traders who hold large amounts of cryptocurrency and can often dictate the short-term trend of the market based on their decisions to buy or sell. They also tend to be more sophisticated investors, and therefore have a deeper understanding of the market, knowing when to make moves in order to generate profits with the least amount of risk.
The primary difference between the stock and crypto markets is that most participants in crypto trade anonymously, making it more difficult to track their trades since all you can see is a wallet address. However, the team at Spiking.io spent a significant amount of time closely investigating market movements, which ultimately helped them discover over 1,000 crypto whales through their wallet addresses. Spiking.io currently tracks these whales and discovers new ones by analyzing the market and expanding their network of traders.
Verifiable data through Blockchain
The blockchain is a decentralized and distributed ledger that enables data to be stored in a highly secure and transparent manner. Spiking.io uses the blockchain to verify trading transactions on their decentralized network.
Transact across multiple exchanges
Spiking’s system is designed to mirror all transactions from a whale to a follower’s separate Spiking.io trading account. All transactions are automated using AI.
This mirroring process is performed across multiple exchanges to ensure the security of the follower’s investment and prevent the whale from knowing the amount of investment being mirrored.
The platform has a built-in reward system that rewards whales with a 21% commission fee from profits generated directly by the followers’ initial capital. Followers received 71% of the profits (plus the return of their initial capital).
Spiking.io also offers a Certified Smart Trader (CST) Program. The program operates in partnership with whales to provide education about trading and investing. Traders can learn more about the markets so that they can improve their skills with the hope of one day becoming whales that others mirror.
The team combines talents from the stock market, blockchain, finance, and coding industries.
Clemen Chiang, Ph.D. is the CEO and Cofounder. He has over 15 years of experience as an investor in the stock market and has also received a variety of awards for entrepreneurship, including the Singapore Gold Winner of the SiTF Awards 2016 for Best Innovative Startup (Early Stage) Backed by Quest Ventures.
Nicole Yee is the Chief Operating Officer and Co-Founder. She was Previously the CEO of CozyCot and the #1 Women’s Website Winner in 2011 & 2013 by Marketing’s Digital Media of the Year.
Alexey Maslov is the CTO. He was previously the team lead at Topface, and has over 10 Years of experience as a software developer specializing in scalable high load applications.
Pre-ICO time: 2018-05-09 – 2018-12-31
Pre-ICO Price: 1 SPIKE = 0.01 USD
Price: 1 SPIKE = 0.01 USD
Minimum investment: 0.3 ETH
Soft cap: 2,000,000 USD
Hard cap: 15,000,000 USD
Country: Cayman Islands
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, China, Korea, Ethiopia, Iran, Iraq, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, and Yeme
Spiking.io is providing an important service for retail traders and investors in both the stock and crypto markets. Generating consistent profits can take years of practice, most of which will be spent losing money. With the help of Spiking.io’s mirror trading platform and CST program, traders should be able to participate in the markets with the same advantages as highly sophisticated investors, earning steady profits while simultaneously advancing their trading skill.