SPINDLE: A Blockchain Based Investment and Asset Management Platform

Spindle has come to solve major problems facing the cryptocurrencies community. Some of these PROBLEMS includes:

1. Stolen of funds at the exchanges: A typical example of this was the disappearance of NEM at a major Japanese virtual exchange, Coincheck, and on other system-related issues at cryptocurrency exchanges.

Ideally, Spindle suggests the tightening of regulations in Japan, where cryptocurrency transactions are most active. Others solution proffers by spindle are technical in nature and this one of those things that spindle is here to resolve

1. Prevention of free trading due to excessive regulation: Spindle believes that economic activities in society should be principally free until it has been confirmed that the target transaction is a crime or has a criminal propensity and that excessive regulations can inhibit technologic advancement. For instance, there is a government agency that seeks to exclude so-called anonymous cryptocurrencies, but presently there is no specific research to suggest that such anonymous cryptocurrencies are more likely to be used for tax evasion or for the transfer of unjust enrichment. Presumably, anonymous cryptocurrencies are subject to general investment transactions at current cryptocurrency exchanges and are regarded as objects for trading on par with BTC, ETC and other altcoins. There is no ground for maliciously excluding such cryptocurrencies until it has been recognized that numerous illegal transactions have taken place. Therefore, the exclusion of various virtual currencies due to excessive control and restrictions on ICO, lack rationality from a moral perspective. Such excessive restrictions are not consistent with consumer protection as they may lead to economic loss of the holders of virtual currencies
2. Prevention of free trading due to inordinate consumer protection. This includes the possibility of inhibiting free trading by consumers on their own will. Stiff restriction on investment in virtual currencies and on other products as regards the age limit may lead to economic deterioration.
3. Prevention of decentralization (financial democratization): Cryptocurrencies a recent liberation for easy financial transaction and exchanges irrespective of one location will not be much different from the existing centralized financial system if too many regulatory regimes are imposed. Strict emphasis and implementation of regulations result from the control of subjects, and it becomes impossible to achieve the ideal goal of Bitcoin when no central approver is required. Given these facts, we have decided to define the future of the ecosystem that SPINDLE will establish and its technical orientations.

IDEAL

In consideration of the above-mentioned challenges, the SPINDLE core team has launched the SPINDLE platform, ZETA initiative, with the goal of realizing the ideological concepts disclosed in WP 1.3. The initiative was renewed from what was suggested in WP 1.3 during the first three months of 2018 in tune with the world affairs. The specific goals ZETA aimed are as follows:

1. Fair & Free Investment/Asset Management Platform: To create autonomous human beings, ZETA aims to establish a transparent and fair platform that will enable more people to enjoy a rich life through investment/ asset management.
2. Automatization of Credit Scoring: Centralized credit scoring platforms based on countries and large companies already exist in 2018. Following Sesame Credit developed by Ant Financial Services Group, the Chinese authority is developing its unique credit scoring system. In the U.S., the central authority calculates credit scoring by FICO score. One of ZETA’s goals is the automatization of the credit scoring system, that is, the automatization of credit scoring by autonomous human beings. Unrestrained credit scoring information without any room for the arbitrary intervention of authority will make big data very important in the cryptocurrency economy.
3. Post Decentralized Fundamentalism: With Blockchain Technology in their hand, human beings can easily establish a distributed architecture now. In addition, so-called decentralized fundamentalists and other people have come to believe in decentralization itself. The ideal of SPINDLE is not to turn everything into distributed, decentralized structures, but to create autonomous human beings. Therefore, excessive promotion of distributed architecture is against our belief. ZETA will adopt many distributed architectures to realize SPINDLE ideals, but we continue to believe that real decentralization is a myth.

ZETA INITIATIVES

ZETA is a series of implemented programs that realize the creation of autonomous human beings advocated by SPINDLE.

SPINDLE plan to develop ZETA by following the four steps below:

First Stage: Monitoring & Reporting Service

Second Stage: Unique Distributed Exchange

Third Stage: Distributed Credit Scoring System

Fourth Stage: Credit Autonomy

ZETA ECOSYSTEM

SPD tokens are classified as utility tokens. SPD can be used to pay for each service available on the zeta ecosystem. On ZETA-1, the payment for premium services like legal advice, auditing, and other consulting services are made in SPD. On ZETA-2, users can follow any user or fund transaction in a trusted manner, as they need to pay the transaction fees in SPD to the followed user/fund. The followed user can decide the amount of the transaction fees. On ZETA-3, users can lend or borrow SPD at a designated rate. Each user can refer to dispersed credit scoring calculated by ZETA-3, so malicious users will be naturally cast out, while users with high credit scores can participate in active, more challenging investments.

At this stage, traders with many followers can obtain a large amount of SPD, which in turn will be lent to other users. The borrower will have an opportunity to invest in the seed SPD, and benevolent cycles will be created. Thus, SPD will serve as

a lubricant in the ecosystem of ZETA. When these cycles go on and transactions/lending increases, the dispersed credit scoring will be more reliable, and the ZETA ecosystem will evolve into an established credit platform in the cryptocurrency economy.