In the last years we have seen many new startups trying to implement Artificial Intelligence and blockchain technologies to provide innovative services.
Roobee is a Fintech company that provide an Artificial Intelligence powered blockchain investment service to help people (non-professional and private investors) make smart investments, even with a small budget (micro investing, starting from 10$). The Roobee platform enables the customers to invest in real estate, startups, ETF, IPOs, stocks, crypto projects, options and other products.
Roobee raised about $4.5m during private funding round in 2018, and is working on the platform (currently in “closed mvp” phase): the progress could be seen on Roobee website, and it is possible to Sign up and get Early Access to the MVP.
The Roobee team include experienced developers: Dan Kaizer, the main developer of HashLab (one of Roobee teams of blockchain developers), is the winner of ETHWaterloo, the world’s largest Ethereum hackathon, competing against more than 400 developers. One of the main judges of ETHWaterloo was the Ethereum co-founder Vitalik Buterin.
Roobee's blockchain is built upon HyperLedger’s framework, with an open source code supported by the Linux Foundation and other major players (IBM, Intel), and RoobeeID and the Roobee Wallet will be based on it, allowing users to store their private keys: Roobee has no access to users' funds and assets, only users will have access to their funds.
The Roobee Wallet is, at a first instance, a multi-currency wallet that allows users to store and exchange their assets, through multisig transactions and APIs of exchanges. The user will be able to replenish the balance on the platform with any currencies traded on the exchanges and supported by RoobeeWallet: BTC, ETH and USDT.
But the Roobee wallet is so much more!
Using extended custodial features of Roobee wallet and decentralized nature of Roobee Chain itself based on multisig transaction workflows, the user can securely perform its investment operations, leveraging on the opportunities offered by the Roobee Platform.
I think Roobee project has many points of strengths in the actual financial environment.
First of all, it gives accessibility of the global investment market to everyone: any person with a very small budget to invest (starting from $10) could have access to investment products and tools that only large institutional players and qualified investors have access to.
The Roobee investment platform is easier to use vs other active trading service: no more stressful hours in front of a monitor looking order books, setting stop-losses, trying margin trades…. which often lead to loss of funds.
Roobee Artificial Intelligence engine will be able to automatically create an individual investment portfolio: the user should only answer a few simple questions to let the system understand the user’s needs, goals, investment timeframes, propensity to risk.
At the end of the day Roobee will bring the entire investment world in user’s pocket and will help him suggesting investment products suitable to his risk profile.
Robee price could be observed in Coinmarketcap, and it is currently traded on Kucoin Exchange: the trading pair is ROOBEE / BTC.