XchangeRate Robot: A Decentralized Robotics Platform For All Trader...

Introduction
Cryptocurrencies have come to stay as they keep garnering popularity and wide acceptance. The year 2016 and the year 2017 saw a great growth in the total market capitalization of crypotcurrencies and a significant increase in the use of the decentralized blockchain technology to proffer solutions to market problems. The growth of the cryptocurrency ecosystem was partly driven by rocketed price of the bitcoin which also brought an increase in the community of users and holders. Xchangerate introduces an intelligent algorithm or robot which will help investors make expert decisions in navigating the cryptocurrency market.
Problems Statement
Cryptocurrency is known to be volatile when it comes to rapid growth and fall. This is seen in the growth of the bitcoin which grew at a geometric rate and also experienced a high degree of falls. This volatility can be a barrier to the entry of new investors. Studies have shown that cryptocurrencies are interconnected and the volatility of one especially bitcoin can affect other currencies. This volatility is contributed by application design or malicious computer hacking which results in changes to regulation, the operational effectiveness or presence/absence of an exchange and technological failures.
The rapid growth in the price of the currencies coupled with the unpredictability of the market can discourage potential investors from taking a step to enter the ever fluctuating Cryptocurrency market. With the absence of in depth knowledge of the cryptocurrency market, making decisions to buy or sell especially given the huge fiat losses may prove confusing for new entrants.

Xchangerate Solutions

images (28).jpeg

The XchangeRate Robot (XRR) proffers solutions to the mentioned problems by detecting market trends and making decisions on the buy and sell attitudes by itself.
With this in mind the platform seeks to be a universal platform where users of the Xchangerate tools will take advantage of the unique metric to have an exchanges. This metric can use API to predict price direction when it evalutes data pattern that are publicly available on the exchange.

XchangeRate relieves the trader of the stress and complexity involved in reading graphs and charts while also providing the trader easy to interpret and comprehend data upon which immediate informed decisions canbbe based. The Robot will combine procured feeds into the algorithm for intelligence- with this intelligence market movement and picks are enhanced thereby helping the robot to make accurate entry and exits.

Xchangerate robot metrics can also be applied to other exchange markets like the stock exchange, gold, oil, forex and other derivatives that require intelligent and automated decision making.

Token Details
Xchangerate will operate with a utility token for all transactions on the platform. The token is name is XXR Coin which is built on the ERC20 Ethereum Smart Contract technology which will enable enhanced token use cases on the platform.
XRR tokens are the only tokens which are used to access the XchangeRate Platform. This means that the holders of the XRR token are the ones who are going to provide the currency for all the XRR Ecosystem.
A total of 250 million tokens will be supplied while 235 million will be available for sell. Accepted currencies for the ICO pre-sell are the ETH and BTC. All token that were not traded will be burnt.