Decision making in financial markets is an incredibly difficult process, especially for high-stakes investors. Given the immense amount of data and resources required to make even remotely informed investment decisions, many are left doing little better than gambling with their money. This is especially true for investors functioning within the highly volatile cryptocurrency markets. While many financial institutions have developed general toolsets, these are largely cost prohibitive for the majority of investors.
Cindicator is a fintech startup company that aims to lower the barrier for high-level market analytics tools. Cindicator’s platform combines a large number of diverse financial analysts with a set of machine learning models to form a single system that works to efficiently manage investor’s capital in both traditional and cryptocurrency markets. The platform, which has been built on what is referred to as a Hybrid Intelligence infrastructure, offers a range of tools including trading bots and market alert indicators. Ultimately, Cindicator aims to create a single platform resource that accurately predicts market movements for investors of all levels.
Interested in Cindicator? Here’s a quick rundown of the project:
Platform & Development
The Cindicator platforms offer a number of tools for users who hold Cindicator tokens (CND). This ERC20 token is necessary for all access to the platform, and the more tokens a user holds, the more features and tools they unlock. Here’s a quick list of tools currently released or in development by the Cindicator team, as detailed in their white paper:
- Indicators of traditional markets and crypto-markets (the probability of the rise or fall of asset prices, the probability of beating consensus in corporate and macroeconomic events, indicators of certain price levels being reached, and indicators of the probability of significant events influencing the market)
- Auxiliary service products for trading (Telegram and Slack bots, notifiers, and portfolio monitoring products)
- Analytical products (ICO ratings, market condition analysis, ICO due diligence and portfolio analysis)
- Market indexes and sentiments generated by Hybrid Intelligence
In addition to their lower-level platform features, Cindicator has launched Cryptometer Bot 2.0, a bot that measures prices across multiple exchanges to anticipate and detect early signs of cryptocurrency market volatility and provides you with real-time price movements on your selected crypto assets. To access the Cryptometer Bot 2.0, a user must hold at least 1,000,000 CND in their wallet.
Thousands of analysts on the Cindicator platform generate various forecasts daily, answering a number of specific questions about the price levels of different
financial assets, macroeconomic indices and significant events that could influence the
- Create a forecast of the minimum and maximum price levels of Bitcoin
for the coming seven-day period
- Will the Tesla stock price surge to $345 during market hours on Friday?
- Will the U.S. unemployment rate be greater than or equal to 4.5%, according to the 2 June report?
- Will Bancor collect more than 100 million during the first week of ICO?
- What is the probability of Trump’s impeachment during the next three
The platform is very intuitive and offers an enjoyable experience for analysts to provide their expertise. While anyone can sign up to be an analyst, the weight of each individual is determined by their accuracy over a period. This is where the machine learning algorithms help Cindicator to properly scale their crowdsourcing approach.
To incentivize the platform, Cindicator offers personal and group rewards for their most accurate analysts. At the end of each month, the top analysts receive a cash/crypto reward (~$7500 for traditional markets and 1.25 BTC for crypto markets). If Cindicator is profitable at the end of a quarter, they will redistribute a percentage of their profits back to the analyst community.
It is important to note that the CND token also allows Cindicator to verify proof of ownership without having to build multiple administrative layers of ‘know your customer’ (KYC) protocols, which is perhaps the most significant use case of the project’s blockchain underpinnings at this stage.
Cindicator employs a large team of data scientists, developers, traders/analysts, and community support staff. They are led by CEO Mike Brusov, a technological entrepreneur with 8 years of experience in launching companies in big data and predictive analytics. The Cindicator advisory board has a number of top experts, including Evan Cheng, Director of Engineering at Facebook.
Cindicator (CND) currently has a market cap of ~$99 million with a circulating supply of 1,445,976,590 CND and a total supply of 2,000,000,005 CND.
Cindicator is an interesting analytics platform that will offer a number of useful investor tools at a fraction of the cost of current market standards. While the project leverages an innovative machine learning-driven system, its underlying blockchain usage is limited in its current build and long-term value of the CND token will rely on more expansive use cases.
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Disclaimer: The author(s) of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.