10 Nov '12, 9am

TradeHero: Probably One of the Best Startup Ideas in Singapore

TradeHero: Probably One of the Best Startup Ideas in Singapore

Good startup ideas aren’t so easy to come by in Singapore. So here’s one I really like: it’s called TradeHero , a mobile app that allows users to trade virtual money based on real-world stock market data. But this isn’t just another simulated stock market game; read on. In some ways, OK, it’s a game. But this game brings in loads of entertainment and money-making opportunities. Co-founders Dinesh Bhatia and Dominic Morris say that monetization of TradeHero comes naturally with the game. They call it monetizing “information and reputation.” How it works is that folks will trade stocks based on real-world data. The greater return on investment (ROI) you bring in, the more reputable you will be. Revenue When you’ve got a good reputation, your every buy and sell signal or comment becomes valuable, and it costs $1.99 per month for another TradeHero user to follow your trade mov...

Full article: http://www.techinasia.com/tradehero-just-pure-epic/

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