TrakInvest — The History and the Rationale behind the business
TrakInvest began as Bobby’s (Founder & CEO TrakInvest) vision during his career in private banking, when he was continuously being approached by young professionals for job opportunities. During this time, he was also discovering that the retail investor was facing a gap in information when it came to wealth creation ideas. The average retail investor had inferior information when compared to the institutional investor who had access to analytical tools at their disposal; thereby the retail investor was always typically on the “losing” side of the trade
Thus, began TrakInvest — a platform that empowered the retail investor.
At TrakInvest, new-to-market investors can track experts for trade ideas. Experts can share trade ideas and earn real money. As the business model evolved, the team also realised that there were many young graduates looking for job opportunities in the financial sector but unable to find the relevant jobs or pass the eligibility criteria despite stellar educational backgrounds.
Thus, began the online stock market certification programs that not only provided training on-the-go, online, but also provided jobs to the successful candidates who were able to perform and show positive returns on their trading portfolio. The demand for these certification programs was also driven by the fact that the corporates could now filter good candidates based on practical application of skills.
TrakInvest began its journey of partnering with governments, universities and corporates to build this ecosystem of training and placement. In the last year itself, TrakInvest successfully partnered with SIAM Commercial Bank, the largest bank in Thailand, Edelweiss Securities & Karvy Securities — both large broking firms in India and the governments of 3 states in India.
With these partnerships alone, TrakInvest has a contracted demand of training and placement of 20,000 students at $150 / per student for the coming CY alone.
This model also places TrakInvest at the centre of another core problem facing Asia currently — that of unemployment. Asia has the largest youth demographics across the world and a considerable number of these are unemployed. Our current pipeline of students represents less than 1% of the annual relevant student population in India looking for job-ready short-term certifications. Given our expansion plans for both India and other countries in South East Asia and Middle east, the projected demand for Certifications in 2018 is 4x the current demand.
As we take TrakInvest to the next level, traders across borders can now follow each other with the help of TRAK tokens. A novice user in India who is interested in studying the tech market in Singapore can now follow an expert from Singapore by paying him TRAK tokens on the platform. TrakInvest is moving to blockchain for this core reason — to remove boundaries and make learning truly global by democratising the access to financial information not only in a particular country but globally!
The TRAK token is a spendable token that will be used by users to pay for the services provided by TrakInvest and also to earn money for sharing trade ideas on the platform. The TRAK token is a spendable token backed by the platform and an investment that grows with the platform too.
TRAK tokens will be made available through the TrakInvest Initial Coin Offering (ICO) that begins 8 am 16th December (Singapore time). Visit our ICO website at Trakinvest , download our whitepaper and read our FAQs to find out more. For questions, write to us on [email protected]. To engage with our management team, join us on telegram here.