Cryptics, a company seeking to create a full-fledged AI-powered prediction machine to predict extremely volatile exchange rates of the cryptocurrency market successfully, has presented its MVP on April 30, 2017.
The project considers market volatility as one of the key factors preventing mass adoption of cryptocurrencies and a principal for to everyone involved in crypto.
“The volatility factor is the greatest adversary of all market participants. Our forecasts are of a very high probability rating, and therefore we will be able to give market traders a powerful tool that may reduce their losses,” says Stan Maer, Cryptics co-founder.
Essentially, Cryptics is an aggregator of cryptocurrency exchange rates and community sentiments and evaluations that employs artificial intelligence and neural networks to provide a reliable forecast of the prices’ further behavior. A pilot version of the MVP is already available at the project’s website. Aside from predictions, it shows the estimated accuracy of the prediction.
“The essence of the project is developing a cryptocurrency exchange rate aggregator platform on the basis of the blockchain, neural networks, AI and NLP technologies for building predictions based on real-time data on cryptocurrency rates from all available sources,” Maer adds.
Once rolled out, the MVP will offer daily and hourly forecasts. In order to catch all the bugs, the founders ask users to extensively test the MVP so that all possible shortcomings would be dealt with once the platform goes into beta. Users will also be able to test the project’s native token QRP.
“The token is needed to ensure full transparency of transactions among platform participants and to reduce commission fees. The blockchain grants our platform full decentralization, transparency and scalability opportunities,” says Oleg Tereschenko, another co-founder of Cryptics.
The release of MVP will be shortly followed by the launch of the project’s token sale, currently expected to kick off in May. As long as the platform’s alpha version is being tested, the founders of Cryptics encourage users to contact them via Telegram or e-mail with respect to any bugs and problems found in the MVP, as well as to share their experience. The community comments will be taken into account for the beta version of the platform. In order to bring more users on board, the company has also launched a referral program.
The founders also stress that the platform will eventually become a fully autonomous entity capable of functioning without any human involvement. Even the MVP relies only on deep learning, neural networks, and artificial intelligence, leaving human brains aside.
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