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If you're anything like me, wanting to trade stocks, or, more realistically, wanting to create a better life for yourself was what led you into crypto in the first place. The concept of traditional stocks were appealing to me before I found crypto and it's much better ROI. It was a way to make a better life for my family, friends, and myself, but it never really amounted to anything more than a few dollars invested.
Because it didn't produce any noticeable returns, at least without serious money invested( which stinks), I pushed it to the side in favor of crypto. What also stinks about the regular market is I can't invest in startups where I am, which I would love to do, but I need to be "accredited" (blah blah blah..fancy way of saying rich). Even worse would be if I lived in a place under sanctions? No possibility to invest in the market at all.
In my search for a more equal markets, I found crypto and eventually stumbled on synthetics protocols like Indigo Protocol, which I believe will completely transform the way the world's markets work soon, adding stability to the blockchain markets, and changing the face of how we trade traditional assets.
But first, in case you missed it, in one of my last posts I discussed a company that I believe has a great shot for everyday adoption: Revuto. In the article I explain how by signing up with just an email, you can get 10 of Cardano's first coins issued, for free, and a get an early jump on investing in a new ecosystem.
Indigo protocol is a platform built for the issuance of synthetic assets on the Cardano blockchain, much the same way synthetics assets are issued on the Synthetix platform on the ETH blockchain. With the introduction of Indigo Protocol, users will be able to trade their favorite synthetics alongside their crypto on the Cardano blockchain, combining the traditional markets and crypto together.
What does all of that mean?
You can trade your favorite stocks on the blockchain, and you can trade other stock markets not available to you. Indigo Protocol issues tokenized derivatives of the asset you want to purchase that mimic the exact price. You can actively trade tokenized derivative as you would with the stock.
Lets say I want to buy Tesla, Amazon, or Gamestop, but I don't have access to it because of (Insert reason here). I buy the synthetic asset (tokenized equivalent) of Tesla on the Indigo Protocol, and it exactly mirrors the price of Tesla stock. Now I can trade a token that mimics "TSLA" all I want against any synthetic asset on the platform.
Users are able to add synthetic assets they want to trade also. This means if you want to trade a particular stock, and its not listed on Indigo Protocol, the user will be able to add the asset and begin trading to their hearts content. Restrictions, be gone!
Ok, so I can trade Tesla on the blockchain. Big deal.
It's not that you can trade just Tesla, Apple, AliExpress, etc. I can do that in the Robinhood app if I want to. It's about being able to quickly and seamlessly trade whatever asset I own into any other asset any time I choose. What about gold?
I can trade my crypto or tokenized stocks for gold, or vice versa. It's particularly handy when crypto markets are crashing, or stocks are faltering and you need a "Safe haven" asset to run to. Same goes for crypto or stocks when the price of gold is crashing because of (insert manipulation method/party here). What if my liquid assets are crypto, but I want to invest in Silver before the price goes sky high? Easily done with a few clicks. There is always a safe haven asset to run to, or quick profit opportunities to be taken advantage of, regardless of what asset you hold. All this without the complications of selling stocks, crypto, or gold, on one platform and transferring your funds to purchase on another.
Ok, could be handy. That it?
Synthetics are going to become more and more popular as time goes on for their ability to refuge from storms. As the method of trading any asset to any other asset become more widely recognized, and as more crypto platforms begin to offer the service, investors and traders more used to traditional stocks and markets will have a place with a sense of familiarity to begin their crypto journey or retreat to in uncertain times, which is important for some people. And you will be able to do it cheaply on the Cardano blockchain. It is important to keep in mind though, even as investors do retreat to gold or stocks to protect their investments, the value of their assets have not been removed from the blockchain itself, which leads to the overall stability of the Cardano blockchain and its markets.
Take away.
The idea of instant, cheap, and easy ways of trading any asset to another is almost guaranteed to become popular. As it does, many people will start to recognize blockchain as a viable way of doing so, especially with cheap gas fees. With cheap gas fees on the cardano network, it will now be possible to move large sums of wealth or liquid assets around without losing a good percentage of it in the process.I believe because of this, Indigo Protocol will at least replicate the success of other synthetics platforms we have seen in the space, if not outperform if all goes well.
With Indigo Protocol offering limitless possibilities of markets to trade into, and the ability to create your own if you can't find what your looking for, it should get the attention of anyone looking to run to a safe haven in turbulent times, people looking for quick stock profits, as well as traditional investors looking to test the waters of cryptocurrency. That being said, this is by no means advice to invest in this company or "ape" into the coin's without doing your own research ??
