INTRODUCTION
The idea of constructing a whole cryptocurrency ecosystem did not emerge out of the blue but was a logical conclusion from a broad experience gained during the development of cryptocurrency projects as well as trading services.
Almost a third of our team members have been trading for a long time and had been involved in the industry even before the rapid development of the cryptocurrencies.
The first and biggest problem we wanted to solve was the automation of the trading process. Exchange trading itself requires a constant study of a large number of statistical parameters, news, social signals, trends, and so on.
We began with the simplest task - the automatization of the very trading process, namely, buying and selling based on certain criteria of technical analysis.More specifically: the double zigzag crossing of the Bollinger`s Top Line. In a dynamically growing market, the bot, which was based on such a simple algorithm, yielded quite good profits. However, the practice has shown that it worked effectively only on a growing market. And there is no constantly growing market, so we proceeded to the implementation of the second step.
The second step. Creating a social bot that would analyze all Twitter content by an adapted dictionary. Thus, we managed to improve the effectiveness of the trading platform by analyzing the impact of messages that contained words such as listing, partnership, update, hard fork.
The third and all following steps are described in the subsequent sections.
OVERVIEW FTEC
Today we will talk about a new, unique ecosystem of intelligent services and neural networks for efficient trading activities in the crypto-currency markets. I present to your attention FTEC!
The main goal of the project is to reduce the number of non-professional traders and turn novices who do not possess the necessary skills into high-level traders by creating an integrated ecosystem that will contain all the necessary tools for users, with any level of training, experience and knowledge in the field of the crypto industry.
The idea of building such an ecosystem was born due to the vast experience in the development of rypto-currency projects and the provision of trade services. Almost a third of the FTEC team are high-class traders and experts in their field who wanted to solve the first and very important task of automating the trading process. And they succeeded. the problem was solved gradually, from simple to complex. At the initial stage, the simplest task was set and solved: automation of the buying / selling process according to certain technical criteria. A bot written under such a trade began to bring good profits to its creators. Then, the developers decided to improve their creation by adding the social network analysis function (namely Twitter). Thus, we managed to improve the efficiency of the trading platform by analyzing the impact of messages containing words such as listing, partnership, update, hard.
How is it works ?
FTEC's investments work to provide investment returns in line with the functionality of MSCI USA IMI Information Technology Index.
As a result, the platform can invest in security assets on behalf of investors. This will automatically put investors in the ecosystem of like-minded people.
According to FTEC developers, the platform is well organized to offer expected performance in all trading operations, which saves time for an investor, is often spent on tedious procedures. Investors can use intelligent trading systems that support contracts that provide security and privacy for users. Users with multiple Cryptocurrency accounts receive user-friendly portfolio management and access to fast-paced transactions within the ecosystem. They can also make use of constant price changes messages to know the time it takes to trade, this is a rare opportunity on the platform.
The expertise of the FTEC team helps in exploring and analyzing the various functions of crypt trading to help improve service delivery as well as influence investment choices. In addition, users receive strategic trading solutions that help them achieve better results. There are various user support functions that ensure smooth operation of the platform, as well as create positive relationships in the ecosystem.
Due to the analysis of casual competitors, the platform acquires the real situation in the markets, which put the users in first place in the competition. Using the user behavior analysis tool, FTEC can provide individual users with services, and global price analyzers give them information on the best trading days.
What do we need our own token for?
Problem:
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The key problem we faced in developing our first trading algorithms was
order book limitation on exchanges. So if automatic module finds a
situation when the user can get a profit on the market, it also needs to
define a queue of people for whom purchase and sale will be made. As
price is not a constant value and the price of further purchases increases
after the purchase of the first user (because buying demand has risen),
the next user will buy at a bigger price. So a potential profit of the last
user is significantly lower. The same situation is during the sale process.
Sale for the first user will be at the highest price and profit and for the last
user - at the lowest price and profit.
We can use ecosystem's tokens to solve this problem. Let's consider what
advantages our own token can provide.
Solution:
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Firstly, amount of issued tokens is constant. Thus, the possibility of
additional token emission is liquidated. It means that every token holder
can be sure that he can manage a part of tokens he bought.
And secondly, we will have an opportunity to form a certain queue of
users because of uneven distribution of tokens between holders. In this
case, any user can influence the position he has in the queue by changing
the number of tokens he has. The user will be able to track his position in
the rating by using the relevant tool in user's account. The place in queue
will be determined by the number of tokens on user's balance within the
system. Tokens, which are held on exchanges, will not be considered
during the queue forming.
Taking into account all above-mentioned factors, using our own token
can solve fundamental problem and allows to form fair queue which can
be influenced by users.
Scheme of platform use:
- The user selects the trading module;
- Chooses a stock exchange and trading limit;
- Connects own API keys;
- The trading module trades according to the chosen algorithm and accumulates profit on the exchange account of the user.By token and ICO:Name of the token: FTECPrice: 1 ETH = 12700 FTECSales starts on: 04/11/2018 14:00 GMTThe maximum number of tokens: 998 400 000 FTEC.The distribution of tokens will be as follows:
PRE-SALE
Before the official launch of the Token Sale, for users who want to receive tokens, a campaign will be conducted to present the token mission. That will allow to determine the level of people`s interest in the future project.Fundraising goal:
To raise funds for the development of already implemented products and large-scale marketing for attracting interested audiences to the main stage of Token Sale.
Main aspects of expenditures:
– Advertising on social networks
– Press releases
– Contextual advertising
– Advertising publications
– Expert reviews
– Banner advertising
– Content makers services
– Translators
– Merchandise.
Token and selling tokens
FTEC is the only official token of the project. The total number of tokens issued is 998.4 million tokens, and more jokes will not be released, unused FTEC will be burned. The team will receive no more than 7% of the total number of tokens partly every month after 12 months from the end of the main crowd. The team has allocated a large part - 85% - out of a total of 2 stages of sales (848.64 million).
Pre-sale will last 27 days starting on 04.11.04 14:00 GMT + 00 until 08.05.2018 at 14:00 GMT + 00. The number of available tokens for sale at the stage of sale is 99840,000. The pre-sale 2000 ETH Soft Cap is a 4000 ETH hard cap
Token sales will last for 23 days starting on 29/05/2018 at 14:00 GMT + 00 until 21/06/2018 at 14:00 GMT + 00. The number of tokens available for buying tokens is 748,800 000.
The funds received at all stages of the sale will be distributed: 10% - for sale, 75% for tokens sale, 7% for the team, 3% for gift and consultation, and 2% for air drops.
ROADMAP
THE TEAM
Conclusion
The platform has a nice interface, has an interesting idea, well-defined tasks, and a strong, well-organized, cohesive team , which has all the necessary spectrum of knowledge and skills for successful implementation of the project, and the whole project as a whole is aimed at solving very important tasks.
For more information, please visit:
Website: https://ftec.io/en
Whitepaper: https://ftec.io/en/whitepaper
Twitter: https://twitter.com/ftec_found
Facebook: https://www.facebook.com/ftec.io/
Telegram: https://t.me/FTECofficial
Reddit: https://www.reddit.com/user/ftecfound
LinkedIn: https://www.linkedin.com/company/ftec-io
Medium: https://medium.com/@ftecfound
YouTube: https://www.youtube.com/channel/UCxAjFLMR2_X-IZqkhZrt8rA
Author: garbuzyachaKasha
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1661908