Yanda

Do You Understand How Our Credit System Works?? How could we explain it better?

Do You Understand How Our Credit System Works?? How could we explain it better?

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Do You Understand How Our Credit System Works?? How could we explain it better?

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Hey Crowholders... it's been a while but we are back with a newly designed platform, onboarding and business model... However, we need your help! 

We have been getting some user signing up and not understanding how the credit system works for creating new strategies. (obviously, we need to fix this)

We would love for you to check out our site www.yanda.io look at the pricing section, login and check out the top-up credit options and then give me your feedback. 

Recap:

1. visit www.yanda.io check out the pricing section and let us know if you get it. 

2. How we could better explain this concept. 

3. View this infographic and give thoughts to if you understand how the credit system works. 

Thank you again Crowdholders... 

Chris





28 COMMENTS 134 VOTES

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it is an interesting project the expectation is very much wishing you the best successes

5 months ago

I'd say its undertandable from the infographic but its not on the website yet.

Maybe flesh it out a little more in a step by step "tutorial" of sorts. I imagine not all people are familiar with the app and may not even have an exchange account yet. An example with actual numbers would help too.

5 months ago

Chris Wyatt new user

Hey Carlos, good points thank you... more tutorials are on the way to explain the process more and how to sign up and link each exchange. I'll also look to through in more number video showing the profits and fees live :)

5 months ago

First of all, I wish you a big success.

Now, there are people who do everything with a rush, never read instructions, they don't know what are they doing, never.

So, don't let those people make you think that you aren't done something right. They are a problem, not you.

You explain perfect everything, but, users who don't understand your project are that type of users... The reason why every business has users support, help section, and FAQ page. 

You must be there to explain what they don't know and not try to explain on the homepage or landing page. 

They will ask, you will answer.

Thanks, and UPVOTE please.

5 months ago

Chris Wyatt new user

Where I agree with you that people never read instructions, it's still our problem that they didn't... Why? ;) Because we either didn't make the point big enough to read it or it was missed. we want people to read and understand as quickly as possible. I get that not everyone is our dream customer but we want the process and model to be understood by anyone that lands on out platform :D

5 months ago

dr dent18 guru

It's easy and very simple to understand. You guys have done a good job explaining it with images. The 20% fee for profit is a little too high but otherwise it's a very good idea for onboarding users. If there's a dashboard for testing and practicing for new users using test tokens that will be better.

5 months ago

Chris Wyatt new user

Hey there, thanks for the comment. Eventually, there will be a practising area im sure.

Why do you say that 20% is too high?

Funds would charge up to 30% and produce less ;) and there are no subscriptions. You only pay fees when you profit from our algorithm system.

If you $1000 and someone or something made you 10% profit $100 and all you had to do was set a few parameters and hit start button that let them or it profit for you and all you paid was $20 to make take profit of $80 would it be worth it?

5 months ago

Welcome back. I understood it clear and you couldn't have explained it better. But will like to say the 20% charge is too high for me unless you willing to give me a percentage return to compensate for my loss

5 months ago

Chris Wyatt new user

Hey there, thanks for the comment.

Why do you say 20% is too much? and what do you mean by 'unless you willing to give me a percentage return to compensate for my loss' what loss? the 20% ? You still keep 80% of the profits... ;)

Like the example, i gave above... If you $1000 and someone or something made you 10% profit $100 and all you had to do was set a few parameters and hit start button that let them or it profit for you doing all the work whilst you sat in the sun and all you paid was $20 in fees to take profit of $80 would it be worth it?

5 months ago

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5 months ago

It seems that I won't pay fees if I lose money, I'll get fees back if my return wasn't what I anticipated, and I don't get fees on top of my return earned from the trades. Right?

5 months ago

Chris Wyatt new user

Hey Blake, Yes, we don't charge you if your trading strategy doesn't profit! and say you set your automated trade to close at 1% profit but it actually closed at 1.5% profit, you wouldn't pay fee on that extra 0.5%, that's all yours ;)

5 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

Welcome back, i will start by saying that the link to your website is broken is down because it is no opening. when a new user gets into crypto trading it is always difficult at first for them to get things straightened out because there is usually a lot of pictures and things they have to follow. but from the infographics i will say that the fees is quite easy to understand but for those that might not get it the first time a short video explaining the process might be better suited for them.

also, a gif infographics might also be better for them to follow and catch on, while for others it might be a blog post. so you might just have to cover the whole aspect of sending the information so that everyone will be carried along.

i think if the new user study the different term well the process won't seem too complicated for the user again, the new user just needs to get a hang of the terms used there.

5 months ago

Chris Wyatt new user

Hey, thanks for joining us again. Yes, more videos will be coming soon to explain EVERYTHING and more...

5 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I have long understood the trading concept of Yanda. As long as you keep making profits, then you're gonna pay the 20%. I believe most Crowdholders who haven't traded on Yanda just don't have crypto trading experience and don't want to venture into any field where they might incur losses (myself inclusive).

Other than that the info you provide is easy to understand. That notwithstanding, adding a video of a live trade where a trader makes a profit and pays 20% of it as fees and another where the trader makes a loss and pays nothing, is going to help. 

Your infographic is very self-explanatory in my opinion.

5 months ago

Chris Wyatt new user

Hey De Gem, thanks for the comment and for understanding it all :) we try to and will be posting all instructions and videos so people can visit which ever they like.

5 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Thanks for responding. It's been a long time since I saw an admin respond to answers here.

5 months ago

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John Abroad new user

I have visited the website. I have got to say that your website looks nice from a design perspective. Information are easy to find. But, as you mentioned above, you need to change some of the text to make it easier for the user to understand.

To begin with, you have three sections under the pricing: (1. No Fees. 2. Pay For What You Earn 3. No Extra Fees). I believe, that No Fees & No Extra Fees are repetitive. You should either change the naming of one of them or combine both points together.

Secondly, the person who wrote this clearly understand all of it. But, you always need to choose your wording carefully depending on your target audience. It is always recommended to stuff that everybody understands in the landing page of the website. I mean you have not explained what is lock-in profits. Plus, you need to give an example of a user startegy in trading before you mention the pricing of it.

5 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Your points are very valid John.

5 months ago

Chris Wyatt new user

Hey John, Yep, I agree on changing the name, it is repetitive for sure. We will have a think about it. And, your second point is also valid... Tech companies always use too much Technobabble, we are at fault also, Ill go over the site this weekend and see what we can change :)

5 months ago

Karen M guru

First, welcome back?  Glad my login info was saved soI could just get in right away and check things out. Doing this on my Android, the print is a bit small but zoomimg helped. I think you explained the fee structure very well and everyone should be able to understand it. When I saw 20%, I thought that was high, but I guess the trade off of no fees on losers makes it more acceptable. All in all, it looks great and easy to navigate.

5 months ago

Chris Wyatt new user

Hey Karen, nice to see you commenting again. Thank you, Im happy you get it :) and yes, fees can sound high, but as you said, the trade-off to making 80% for using our system and only paying a fee on profitable trades is worth it. If you were in some big fund that charges 30% on profits and they lost you 10% at the end of the year, you would still end up paying them at least 2% on your portfolio value. We are the better choice for trading for sure ;)

5 months ago

Sam BTC guru

Just a common Crypto enthusiast.. Wait crypto is not common it's special :)

This is the first time I am seeing a task from you as I joined crowdholding recently, so I did not have prior context about your project.

I went to your site and it seems to have a nice layout which is easy to navigate. The pricing section is very clear and easy to understand for me.

I think the gesture of not charging fees for a deal making a loss will be very well received by users. Nobody likes a commission on a loss making treade as it is like "an insult to an injury". This act of fairness will definitely get you a userbase that is long time loyal to your exchange.

I stopped trading long time back and am now only focussed on investing long term in good crypto projects. If I decide to start trading again I will defintely try your site.

All the best!!

5 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Which cryptocurrencies did you trade, Sam?

5 months ago

Sam BTC guru

Just a common Crypto enthusiast.. Wait crypto is not common it's special :)

I traded stocks for a long time and briefly Bitcoin but soon realized as crypto market is so small the traditional tech analysis is not very accurate for cryptos, so I stopped.

5 months ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Wow. Hats off to you Sam.

5 months ago

Chris Wyatt new user

Well to CH Sam. and thank you for the nice words... Well, we hope to see your name pop up on our leaderboards soon. Im happy to give you or anyone else a little tour of the platform :) come and trade with us :)

5 months ago

Chris Wyatt new user

*welcome

5 months ago