Phoenix, AZ, June 27, 2019 --(PR.com
)-- Polyient Labs, a startup incubator based in Phoenix, has teamed up with CryptoCanary, a leading cryptocurrency review platform, to alert investors to the many cryptocurrency scams now proliferating the digital currency market.
Last year cryptocurrency scams cost investors $1.7 billion, reflecting a 400 percent surge in crypto fraud over 2017.
San Francisco-based CryptoCanary and Polyient are doing something about it. Their new site CryptoCanary site offers both newbie and seasoned crypto investors unbiased user reviews assessing hundreds of cryptocurrencies now on the market.
“Crypto investment opportunities have exploded in the last two years,” says Kevin Ting, founder and CEO of CryptoCanary. “There are now more than 2,000 coins available. Most are legit, but unfortunately many are dubious, and some are flat-out scams. We launched CryptoCanary to be an educational platform for investors seeking objective, peer-to-peer opinions and true-to-life user experiences from others in the crypto community.”
Brad Robertson, founder and CEO of Polyient, believes CryptoCanary’s timing is perfect.
“With the introduction of Facebook’s Libra and the recent resurgence of Bitcoin, cryptocurrencies have re-captured the imagination of investors,” Robertson says. “CryptoCanary gives them a TripAdvisor-like tool they can leverage to quickly separate genuine bullish market opportunities from just plain bull.”
CryptoCanary enables consumers to browse coins by name or investment category. The site isn’t Ting’s first foray into educating consumers about the pros and cons of cryptocurrency investing. In 2017, he founded Bitcoin for Beginners, to give the bitcoin-curious the tools needed to explore bitcoin. He sees CryptoCanary as a natural extension of that offering - one covering the entire cryptocurrency ecosystem.
Read more about CryptoCanary here
. Find out how Polyient Labs is supporting blockchain innovation here
CryptoCanary is a peer-to-peer online resource offering crypto investors access to hundreds of cryptocurrency reviews enabling them to make informed decisions and quickly identify bogus coin offerings. Learn more about CryptoCanary.
About Polyient Labs
Polyient Labs is an early-stage business incubator helping entrepreneurs fast-track blockchain innovation by providing capital infusion, insight, guidance, direction and talent to power next-gen solutions. Read more about Polyient.