AI-Based Trading Platform Cryptics Launches Its Minimum Viable Product (MVP)

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by Darya Rudz · 3 min read
AI-Based Trading Platform Cryptics Launches Its Minimum Viable Product (MVP)
Photo: Cryptics

AI-based platform Cryptics is launching its minimum viable product (MVP) with the aim to allow platform participants to purchase forecasts, build fund infrastructures and receive more advanced features available on the platform. The product will become available on April, 30.

Cryptics, a self-learning platform that analyzes the cryptocurrency market and creates forecasts, has announced the release of its minimum viable product (MVP), which is to become available today, on April 30th.

Cryptics is a company developing a platform for AI-based cryptocurrency exchange rate forecasting. An earlier version of the platform’s MVP is already accessible at the project’s website. Available therein, aside from the projected chart of exchange ratios, is overall assessment of the prediction accuracy for each of the currency pairs. The MVP will feature daily and hourly forecasts, with automatic trading algorithms becoming available later. Users will be able to test the platform’s functionality with its native token of QRP token, which will also be sold during the forthcoming tokensale event in early May.

According to the whitepaper, Cyptics maintains the concept of supporting market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of crypto assets. Launching MVPs, Cryptics will act as a blockchain-based aggregator for cryptocurrency exchange rates feeding real-time market data to an AI module powered by neural networks. It is notable that the entire system will not use any human involvement thus making it one of the first fully independent and autonomous solutions for this kind of service.

“Our advanced technologies allow aggregating information from various sources and building predictions on their basis. These information sources are invaluable insight into future rates for traders and are unique on the crypto market. Our platform will allow crypto traders to trade with profit based on real time data and future insight, and that will make it a highly demanded product,” Oleg Tereschenko, Cryptics co-founder, told Medium.

The main purpose of the release is to extensively test the platform, which includes catching possible bugs. For that reason, the platform’s co-founders invite all interested parties to share their experience on their Telegram channel and notify them via e-mail and other contacts available at the project’s website.

Cryptics founders are optimistic about the prospects of the project. What is more, they predict bright future for cypto industry in general.

“The crypto industry has a very bright future, which must be built on the basis of real regulation that would attract classical investments into the industry, rather than chaotic inflows of whales and sharks. The gradual release of national cryptocurrencies will be solidify the market and release it of the dubious branding of a financial bubble. Over time, we will witness the decline of the most popular cryptocurrencies we have today as they will be replaced with more efficient and backed models,” Stan Maer, Cryptics co-founder said.

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