ICO's will continue to try to build financial support with pre-sales and other tactics. There are though, some particularly innovative products that are looking to raise funds through the ICO market.
A initial coin offering that has garnered the attention of late is TeleX AI. Unlike the advancements made in the traditional financial markets, the cryptomarket has yet to see the trading platform evolution. Telex AI is looking to change that.
People at TeleX AI has developed a trading platform that sits on an instant messenger application known as Telegram. The telegram may not be as widely known as WhatsApp or WeChat, but is nonetheless likely to revolutionize those looking for easy access to the cryptocurrency markets, with Telegram being widely used within the cryptoworld.
It’s not just the Telegram component of the interface for trading that is considered revolutionary, however. TeleX AI is taking advantage of the chatbot revolution to take away the current interfaces that users have to tackle when making simple cryptocurrency trades. Telex AI’s goal is to simplify the trading process for those, not only actively trading cryptocurrencies but also for those looking to enter the fray.
Telex AI will remove the need for buyers and sellers of cryptocurrencies to scour the numerous exchanges and go through the registration process. For the user, orders are placed by conversations on the Telegram app that are then processed by the chatbot, which interacts with cryptocurrency exchanges and processes the trade.
Gone will be the days of having to work out which exchange is the best exchange to trade on, how to create a wallet and get to grips with the importance of private keys and the difference between private and public keys. Users will also less be susceptible to theft and the ever-present risk of fraud, which remains one of the key concerns for those looking to enter the crypto world.
One thing is certain, TeleX AI will allow the less technologically savvy investor to enter the market and it couldn’t have come at a better time.
For now the simplicity of the first phase of Telex AI will likely provide the developers with the platform to make significant advancements in the years ahead, not to mention open the cryptocurrency world to those that have wanted to get in on the action, but have been put off by the arduous procedures required by exchanges that aren’t even regulated.
The recent record-breaking runs in Bitcoin have created significantly more interest in cryptocurrencies, with Bitcoin, not the only cryptocurrency making headlines. Litecoin and Ripple are alternatives and are considerably more reasonably valued for the new investors and there are many more.
For existing holders of Bitcoin and the others, the big question would be whether TeleX AI’s capabilities will, in fact, widen the net and attract even more investors, not to mention increase trading volumes across the variety of cryptocurrencies on offer. Such a capability is not only needed but is a necessity and we will expect investors to embrace the trading platform.
TeleX AI’s token sale to raise funds, through an initial coin offering, kicks off on 21st November 2017 and tokens will be limited, ensuring that the value of TeleX AI tokens is directly correlated with the success of the platform in the cryptoworld.
Some prospective investors may have doubts over the ICO and TeleX AI, it received a 91% low-risk score from an independent audit report. Share your thoughts?
-fxempire.com
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