- Soon offers automated buying schedules that leverage dollar-cost averaging to minimize market risk.
- The platform's non-predictive approach to automated selling focuses on rapid responses to current market conditions.
- Soon integrates with multiple cryptocurrency exchanges, allowing users to connect their preferred trading platforms in seconds through its partnership with Mesh.
The Web 3.0 era is here with us, bringing along the concept of decentralization and blockchain technology that is changing how the financial sector operates.
Cryptocurrencies have brought about a new development in the world of finance that has seen people create wealth in ways never seen before.
Nonetheless, the intricacies involved as well as the volatility of crypto markets are not welcoming to many potential investors.
That is where Soon comes into play, an automated cryptocurrency investment platform designed specifically to simplify and optimize investments.
Soon: Making Investing in Crypto Simple
Soon was co-founded by Aaron Bylund and Michael Shattuck in Lehi, Utah in 2017 meant to democratize crypto investing by providing powerful but easy-to-use tools for all people.
It is easy for a novice or experienced investor to use soon because it invests automatically throughout, thus enabling users to navigate more easily in the cryptocurrency market.
Tools That Address All Investors’ Needs
Soon offers a wide range of tools suitable for different types of investments:
- Auto Buying: Users can set up auto buying schedules that utilize a dollar-cost averaging strategy which would lower market risk.
Through spreading purchases over time, investors can be free from market timings. - Auto Selling: In profit-taking, Soon makes it simple with its automated selling tools.
Therefore, it reacts quickly rather than trying to predict future prices, which may not work out favorably at times.
This approach is different from other platforms that use predictive methods, aiming to exploit various opportunities available during such situations.
to - Reimburse Spending: This tool allows users to get paid back automatically using gains from their investments which is one among many unique features on the Soon platform making spending and investing more efficient financially.
to - Reinvestment: Additionally, users can choose to allow their account to reinvest any profits earned making sure they compound over time without having to manually interfere each time there’s a need to do so.
This ensures that the growth potential over the long term is maximized without any constant manual intervention.
Automation on Various Exchanges
The automation capabilities of Soon are widespread in different cryptocurrency exchanges.
This is possible through a partnership with Mesh, which allows users to connect their preferred trading platforms within seconds without having to be tech-savvy.
It has a vast array of exchanges in its network and continually expands this base as it strives to deliver the best automation experience for anyone.
Investing without Stress
Cryptocurrency investments are often emotional roller coasters due to market volatility which usually leads to FUD (Fear, Uncertainty, Doubt).
As Soon provides a “set it and forget it” model to take away these worries, users may have an opportunity not to be emotionally attached once they set up this software that automatically manages everything based on rational principles.
Furthermore, soon offers tax tools such as Tax Stash and tax-loss harvesting that simplify and automate the otherwise difficult task of tracking and optimizing taxes across exchanges.
The holistic approach guarantees investors can focus on their financial goals instead of being slowed by hairy tax computations.
Soon's Roadmap
Soon is leading in revolutionizing cryptocurrency investment through its all-encompassing automated platform designed for simplification and optimization of the investment process.
With advanced tools, seamless integration across exchanges, and a stress-free approach, Soon enables users to build wealth in the dynamic world of Web 3.0 decentralized finance; making it easy even if you are a newbie or an experienced investor.
Edited By Annette George
