The Builders — Founders Spotlight: Pareto Network
(Photo: Eric Lamison-White, Co-Founder and CEO of Pareto Network, right
Abasa Philips, Founder & CEO of ZILLA, left)
Describe Pareto Network in one sentence:
Pareto Network provides current, actionable financial information for traders and investors.
Now please tell us more specifically what Pareto Network does:
The Pareto Network helps traders generate Alpha – profits – for their portfolio by incentivizing an exclusive data feed of market moving information. Traders can act on information that nobody else knows about, and they can have confidence that the information is objective. The PARETO token is a key component to making this possible, and it is an erc20 token on the Ethereum blockchain.
What inspired you to start Pareto Network?
There is a lack of objective information in the crypto markets, and a lack of profitable information in all markets. In general, people are not aligned to tell other people about profitable information, and this perpetuates an inefficient market. At the same time, investors are not aligned to trust profitable information, under the assumption that it is bad information. The Pareto Network is built to solve these problems with a new incentive model which is made possible by blockchain technology and new protocols, allowing for market moving information to be monetized.
What has Pareto Network achieved so far?
We launched, and people are using our DAPP. Many analysts and financial institutions have signed up to trade information on the Pareto Network.
What do you hope to accomplish within the next few months?
We are hoping to attract more analysts to create actionable information on the platform, and improve the user experience. We will introduce staking and governance aspects to the PARETO token.
Give us 3 tips for people who are doing/plan to do an ICO:
- Design your project around consumptive demand. There needs to be a reason for people to need to own a lot of your token.
- Your audience should be your initial supporters, people with short term mindsets may seem like good supporters but they are harmful to the project.
- Contribute to partner projects, such as protocols and wallets as this will make it easier for people to use your own project.
We hope you enjoyed reading this post and are pleased to announce that ZILLA Wallet will support $PARETO from next week!
Reach out to their team on Telegram if you would like to learn more or have questions regarding the project!
🚀Join our community channels and stay updated on the latest news:
- Reddit: https://www.reddit.com/r/ZILLAtoken/
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- Medium: https://medium.com/zilla-blog
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- LinkedIn: https://www.linkedin.com/company/zillatoken/
The ZILLA Team
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