This is my very first story, so please be kind with me. Today I’m gonna tell you what I found and what I believe about #RoobeeFin, the assistant of Roobee, the blockchain investment platform.

This project is listed on Kucoin Exchange with ROOBEE ticker. They were launched in the autumn of 2019. The evolution of price couldn't be other than downward until they will have some news to publish.

For a short info, the coinmetrics are:

Definition: RoobeeFin is a software module and an automatic financial assistant that creates a portfolio according to the user’s requests or operates in the mode of automatic investment recommendations.

Roobee platform is for common people who are not able to make portfolio analysis but has some money to invest and would like to do it in an easy and transparent way

For this purpose, RoobeeFin system was realized to manage the money of investors for their benefits.

Shortly how will it work?

A. The user will have to choose the market for investing funds: traditional market, cryptocurrencies or a combination of it.

B. The next step is to choose the risk profile.

C. The timeframe of investment

D. The amount to invest.

As a result, the system will form a balanced portfolio based on this data and it will be composed of the assets most suitable for a user.

The work structure of RoobeeFin can be divided into 5 steps:

1. Selecting asset classes and specific products for the platform with the help of the automatic RoobeeScore system; which is an aggregator of investment products from various asset classes (for example, stocks, ETFs) approved to be added to the Roobee platform. Classes planned to be available: stocks, ETFs, bonds, cryptocurrencies, IPOs, blockchain projects, various digitalized objects (real estate, art pieces, etc.), VC investment, etc.

2. User profiling — If the user doesn’t know it — the system will propose a test of 18 questions in order to define a risk profile. More further, in the future, Roobee platform will use data analysis techniques based on data from social media and physiognomy (a method for determining the type of personality as well as a person’s mental qualities and health, which relies on the analysis of external facial features and facial expressions).

3. User’s application processing and the process of selecting the investment mode most suitable for him; Some modes could be: goal achievement (predetermined time frame and value terms), reasonable investment (on medium and long term), profitable game (more risky)

4. Portfolio or strategy building — based on risk profile information, expected investment timeframe, the types of assets for investment selected by the user and their interest in certain industries Roobee will initially select an array of asset classes and products within them that meet the request requirements and from that array, the investment products selected according to the relevance to the user’s risk profile and product profitability level

5. Management of funds — the Roobee platform will be managing the user’s portfolio in accordance with a predetermined strategy. The rebalancing will be performed using the algorithm optimized by mean-variance, etc

The rebalancing rules will be recorded in the blockchain and will be included in the smart-contract library, for transparency.

Conclusions: the info gathered only shows us the structure and the “intentions” of the RoobeeFin assistant, but we need to see it “on the battlefield” to make a straight evaluation. Anyway, the plans are good. It remains to see how will they be transposed to reality.

If everything will work according with plans, it will be a huge success: imagine you can invest your money at higher rates than usual mutual funds or bank deposits without knowing anything about investments!