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Paolo Procaccini: Providing High Quality Knowhow to Investors, To Reduce or Avoid the Investment Risks

Confidence.cr is an online platform completely scalable: our potential users are all the crypto users and the crypto-economy investors. Together with the crypto assets rating service – cryptocurrencies, ICO, IEO, etc -, with the target of providing high quality knowhow to the investors, to reduce or avoid the investment risks, Confidence is also a marketplace of reports. Within the report area, analysts from all over the world can choose what crypto assets evaluate, placing it on sale, for anybody interested to read the contents.

Confidence.cr owns two algorithms – the first one is dedicated to cryptocurrency analysis, the second is focused on ICO, IEO, IDO, ITO e STO -, with the chance to add more algorithms: as many as are required by the products offered (i.e. Smart Contract) and requested by the market.

Tell us about yourself?

I’m a very curious person and I like to study and deepen almost any topic. I have more than 10 years of experience in the business information market, first of all as a journalist and after as an analyst. For many years (at least, seven!), my job is to find information – any information – available on the net: any subject – company or person – has a digital projection and I have to find it. When cryptoworld started, I thought: “Oh my god, how can I find information about crypto?” and, many years later, I found Confidence with its dedicated algorithms.

If you could go back in time a year or two, what piece of advice would you give yourself?

Well, I would tell myself twice: firstly, “You have to focus on the team: operational team” and secondly ‘Don’t worry Paolo, it’s ok: even if you made a mistake, we can continue from here. Continue not to give up”

What problem does your business solve?

Confidence. We need confidence in the cryptomarket. Many scams every day pollute the market and it is difficult to understand which information is true or false. Many people are losing their money because of incorrect information. We want to solve this problem: we want to give reliable, accurate and clear information.

What is the inspiration behind your business?

Surely the 2017 crypto hype, when, maybe for the first time in history, people have lost a lot of money because of a crypto scam. We believe in the crypto market, but it is a baby that needs care and attention: one of them is the correct information. Otherwise, people could stop believing in the decentralized finance project.

What is your magic sauce?

Two algorithms (one for cryptocurrency, one for other crypto assets) and many experiences in the business information market: we know how difficult it is to find the correct information and we could help people to match the questions with the correct answers. We’ll go to create research for all the crypto industry: smart contract, token till the metaverse and beyond.

What is the plan for the next 5 years? What do you want to achieve?

In the next 5 years, we aim to 1milion of user. We strongly believe that centralized finance is shifting to decentralized one. So, many people will need our products.

What is the biggest challenge you’ve faced so far?

Well, in the first stage of the idea, I had in my mind to build something dedicated to fighting the scam more directly, but our analysis doesn’t support the idea: there was a big market to attack, but we hadn’t the knowledge to face it. So, we decided to build two algorithms and expand our market creating content, report and research.

How do people get involved/buy into your vision?

People need to understand the value of correct information. We want to convey trust through the information that experts from around the world decide to share with investors, before they make investments.

People will understand the value of the project and the vision when they look for a happy landing they can trust. A trust that will come from the many researches and opinions that will come from experts from all over the world.

Anyone can join our project, sharing the information they have by registering on www.confidence.cr and then starting to sell the reports or releasing feedback on the investments made.

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