Cindicator #CND
https://cindicator.com/
https://coinmarketcap.com/currencies/cindicator/
Whitepaper: https://cindicator.com/Cindicator_WhitePaper_en.pdf
Cindicator merges machine learning, artificial intelligence, and crowd-sourced data to make predictions in traditional and crypto markets for traders and investors. Launched in August 2017, their ICO quickly hit their hard cap. Within six months they allready have a working mobile and web application, a gorgeous website, two active bots, and a very active community of financial analysts, traders, and investors interacting with their software to improve the machine learning algorithims and provide trading signals.
They qualified for a Microsoft bizSparks partnership, which required:
Be actively engaged in development of a software-based product or service that will form a core piece of its current or intended business - this software must be owned, not licensed, by the Startup.
Operate as a privately held company (the company must not be publicly traded).
Operate its own public website on their own domain.
Provide a contact email address on its own domain.
Be a for-profit entity. Non-profit entities should visit Microsoft Philanthropies to learn about additional technology access options.
Be in business for less than 5 years.
Have less than $1 million USD in annual revenue.
Information about BizSparks program here: https://bizspark.microsoft.com/About/FAQ
I'd like to draw attention to that first line. To be actively engages in the development of a soft-ware based product. There have been many scam ICO's lately, and while we're not analyzing the merits of their ICO that occured almost six months ago, the decision to invest in a crypto business brings us validily along these lines. Is this team actively engages in a promising projects that seems to have real-world applications with passion and drive?
Their hard cap was 15 million, with 75% of all tokens being distributed to ICO investors. There was no bonus structure.
CND is an ERC20 token. CND also has an accelerator partnership with Moscow Exchange, the largest Russian Exchange (for equities, bonds, derivatives, currencies, precious metals - https://en.wikipedia.org/wiki/Moscow_Exchange). CND created it's platform after receiving a $500,000 seed investment. In the pilot project for their software, in conjuction with Moscow Exchange, their bot achieved a 47% per annum increase on it's test portfolio. I also like the way they did their ICO, which was remarkable given WHEN they did it, last year during the ICO boom when ICO's would take money from any and everyone. They did a white-list process, where interested investors had to sign-up and they manually selected ones they would allow to contribute towards their ICO.
Essentially, we know that large established banks and brokerages rely on advanced robot algorithims to perform their market predictions and trading for them. It has been the privelage of those large entities, unavailable to your average trader or investor. Cindicator wants to change that, bringing the power of 'hybrid intelligence', the merger of human and A.I., ,to the average investor/trader.
The activity I've seen from the development team on this project is astounding. These guys are hard at work improving their machine learning algorithms, working on their software, and promoting their platform. Honestly, this is one of the most exciting projects I've seen all year come out of the crypto space, and I've seen many exciting projects.
Let's move to what you can actually do with this platform. You simply go and download their app, Cindicator, for Android or iOS, or utilize their web application. You create an account and sign in, and you are prompted to answer questions regarding financial markets, or make price predictions based on certain factors. Their platform makes trading signals based on the analysis of all forecasts input by Cindicator users, and an algorithmic based trading bot uses this information to execute trades. At the end of each period, the rewards are distributed to the forecasters who contributed, with the largest percentage of the rewards going to those who contribute the most accurate forecasts.
In addition, they also have two Telegram signals bot.
Cindicator Bot 1.1
Cindicatorbot - a telegram bot which sends hybrid intelligence empowered indicators for traditional and crypto financial markets.
What can this bot do?
Diverse audience of analysts make their predictions through our platform, answering questions on various financial events;
At the core of our Hybrid Intelligence system is the unique dataset made by our forecasters’ community processed by ML algorithms and transformed into the high-accuracy indicators;
ML model we apply has up to 50% higher level of predictions accuracy than the simple average model;
Depending on the amount of CND you’re holding, this bot distributes corresponding indicators
Cryptometer Bot 2.0
The Cryptometer Bot is used for sending notifications when a currency’s price difference between different exchanges is higher than a set threshold. You can use these signals to monitor the possibility of favorable arbitrage between exchanges.
What is arbitrage?
Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in its price. It is a trade that profits from the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.
So Bot 2.0 and 1.1 Provide: Notifications about arbitrage opportunities on crypto exchanges with monitoring support of 10 exchanges (Poloniex, Kraken, OKCoin, Gemini, Bitstamp, Bittrex, Bitfinex, GDAX, Binance, and BTCC) and 8 cryptocurrency/USD pairs (BCH/USD, BTC/USD, DASH/USD, ETH/USD, LTC/USD, NEO/USD, XMR/USD, XRP/USD);
Tracking of price drops and surges for a specified threshold. You can specify multiple thresholds for all supported pairs;
Displaying a list of prices on all supported exchanges for any given pair. Lists are sorted by price from lowest to highest.
Access to this bot requires you to hold a minimum of CND in your Ethereum account. You just link your public address with the bot in Telegram and it acts like a VIP card that gives you access. https://docs.cindicator.com/ I like this aspect of it, as I like PoS tokens in a bullish sense. So many coins that are locked away for it's utilization means there's not a large supply overhand, and increased scarcity for the tokens on the market to drive-up price.
Ok, so the down and dirty, how am I playing this?
#CND recently experienced a massive spike in volume and price. Starting out in October on Binance listing at about 0.02 USD, they moved up to 0.16 at the beginning of this month, with a big move a few days ago to a high of 0.22, settling now around 0.20. I see big things for this coin, although I also anticipate if we see a slight lag in bullish momentum due to the yo-yoing market. Therefore, I've placed about 30% of my total buy order at the current price. I'll wait a few days to a week to see what trend the token establishes in the short-term, and plan accordingly. I will purchase another 20% of my allocation at around the same time, depenending on what trend emerges. The further 50% to be done in two increments, whether the price is higher or lower than it is now.
Price Projections? It's hard to say on our long-term holds. This is a token with massive growth potential, so we could easily see $1+, if not more than that. We will be holding onto this token until June, before taking profits, assuming we don't see a very impressive bull spike in the interim. At June, which is our large season of taking profits from our long holds, we will reevaluate the situation and proceed accordingly.
It's being traded on Binance.
Press Releases:
http://www.moex.com/n15142
https://hightech.fm/2017/03/18/cindicator
http://www.ibtimes.co.uk/ai-platform-cindicator-drives-47-per-annum-yield-moscow-stock-exchange-pilot-1637868
https://www.coinspeaker.com/2017/09/28/decentralized-prediction-platform-cindicator-successfully-raised-15m-ico/