Although I have been in crypto, blockchain technology, and trading for several years, I sincerely admit that the way the whole crypto is moving is sometimes too much for me. I´m barely capable read all the forums and everyday news. Every day there is something that affects the price of bitcoin and altcoins. Just think about fundamentals, technical indicators on graphs, historical data as well as analyzes of experienced traders on Tradingview and so on.
Signals will help merchants build business strategies
So I was pleasantly surprised when I found out that someone wants to throw a fork into this opinion. Yes, I mean Signals - a freshly excellent platform that wants to offer people a simple way to build a well-informed business strategy.
How will the signal work? Last week we met with Pavel Němec, CEO, and co-founder of the project to get their idea of the project from firsthand. Pavel explained to me that signal infrastructure will aggregate algorithms that will analyze data from stock exchanges, media, social networks, or prediction markets (see, for example, Gnosis Project) to look for factors influencing the price of cryptos. You can get some idea from this video.
The main visible part of the product will be packing formulas from data into user-friendly indicators from which a regular user can build a strategy.
How the signals will work
Signals are on a modular frame that is written in C# on the Microsoft .Net platform. This framework is used to monitor cryptographic movement using various combinations of indicators.
The platform's primary user environment is the Signals Strategy Builder for composing and automating trading strategies. The human interface should not distract a user from thinking about the strategy.
A composite strategy will test the user on historical data. By optimizing, the user should be trained to achieve the best results. Once you have a successful strategy, you will be able to make money by offering it to other users to copytrading.
Strategy Builder will be linked to three other platforms:
- Data Marketplace (users and third parties will be able to offer their data for a fee.)
- Marketplace indicators (here developers can upload their own algorithms and monetize them as user-friendly indicators.)
- Strategic marketplace (here you will deal with successful strategies.)
Signals currently have about 20 people, mostly in the Czech Republic, who are completing the alpha version of Marketplace Strategy. It was to be released this year.
The entire platform will have its own token, the SGN token. You can buy this new crypto already during the ICO pre-sale on November 22 for Ethereum with a 30% bonus. Signals own token plans to be at the initial value of $0.25
If you are more interested please feel free to visit the Signals.network website, Signals Whitepaper is also available, with more detailed information on product development, road-map, investment, and team.