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The startup intends to launch a "financial revolution" creating its own social network, where users can earn tokens and spend them by hiring the best investment professionals and investing in the products and services they choose. The idea of the Huddl project is to break the traditional investment model, in which the company claims that premium products are available only to wealthy individuals or institutional investors.
The Huddl team says that the main reason for building the platform was the loss of trust in traditional financial services and social networks and the lack of utility in the current blockchain and decentralized application structures.
Investment network
Huddl wants to offer regular users access to such premium investment opportunities such as commercial real estate, private banking, hedge funds, pre-IPO securities, investment management and asset planning. Normally these high-risk asset classes are not available to the general public and traditional investors have to pay commissions that are much higher than the institutional ones.
The Huddl team offers a way to access these premium investment services and products by becoming a member of the Huddl network. Members share their investment preferences and review the different strategies offered within the platform. They can invite friends, relatives and people they know to form an online community or a dynamic investment pool, which Huddl calls "pod". Together, pool members define the purpose of the investment, agree the rules, choose the investment strategy, invest their capital and spend their target tokens they choose. For example, a family can invest jointly for retirement or smaller things, such as a holiday of friends. The pod can also invite highly qualified financial professionals to manage their investment program.
The pools vary according to their size: from the pods (the smallest unit in the Huddl network) to the "clusters", which can include multiple pods with shared interests in strategies and investments. According to the company, this system allows Huddl users to pool their money and increase their collective purchasing power to gain access to premium investment opportunities while controlling how their deal is managed. capital.
Within the Huddl network, users can share their ideas and seek help from consultants and managers. "Through social clusters and collaborative sharing of ideas, people are allowed to train their own investment vehicles and be managed by major private wealth advisers," says Huddl's founder and CEO, Stephen Corliss.
"Deep discounts"
The Huddl network is based on blockchain technology. Users can earn their first tokens by joining Huddl – they are rewarded for bringing new users and adding value to the network, as well as for inviting friends and family members to become members. The launch also notes that there is a special social program embedded in the system, which allows all members of the community to benefit from the growth of the platform.
In addition, users can earn Huddl tokens by interacting, contributing to teams as managers or coordinators and investing. Digital money can be spent to unlock "deep discount" investment services, which Huddl promises to organize.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim to provide you with all the important information we could obtain, readers should do their own research before taking any action related to the company and bring full responsibility for their decisions, nor can this article be considered as an investment advice.
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