Latest ICO: CryptoPing
CryptoPing, a new venture for cryptocurrency traders, has announced the launch of its ICO to finance further project improvement.
The crowdsale is live and will end on June 25,2017.
The project has been in public beta-testing phase since March 2017 and has already brought a wide range of 700 active users.
CryptoPing team aims to establish a platform where experienced traders would be capable of sharing nuanced trading signals publicly or anonymously and creating a determining atmosphere for their members. Developers can be reached conveniently, open to feedback and sustain active chats where they share details about the project, update on latest news and converse with users.
Behind the project, there is a society of cryptocurrency traders with 5+ years of wisdom whose fancy remains anonymous. No additional information about team members is available, eventually. Meanwhile, CryptoPing is one of the rare projects on ICO market that earlier involves a working beta version, active user support and is geared up for public launch in a several days after the crowdsale is completed.
CryptoPing tokens will be put to use to approach project functions. Tokens will be distributed in a week after the ICO ends. There are procedures to include them to various exchanges, while token price will be continually growing due to limited supply and user base expansion.
After ICO ends, the beta version of social trading platform will be introduced. Any user will be capable of to develop into a “public trader” and perform automated public record of their accomplishment (stats on earning from trades generated by bot signals). The platform will focus public trader rankings where users will be capable of to pull up traders they suggest and receive signs from them. Following a profession is a paid service that produces higher revenue to public traders, while beginners will receive more reliable and profitable signals.
1. Token-based subscription to the bot
The bot becomes subscription-based. Subscription fee will be charged daily. Users will be able to deposit tokens easily from the dashboard, and withdraw unused tokens at any time.
2.New social platforms
Discord and Slack version of the bot are released. Both individual users and online communities will be able to use the bot on their favorite communication platforms with ease without switching to Telegram.
Primary candidates to be added to the bot are Cryptopia and YoBit, others will follow. New features for managing signals from different exchanges will be introduced.
Any user can become a leading trader. Leading traders keep public track of their trading results. They can also recommend individual bot signals. Users will be able to compare results of different traders, follow them and receive their signals. Following a trader will require daily subscription fee, and followers will provide leading traders with nice passive income. Social trading paves the way for new traders, generates new bot users and attracts new funds to crypto markets in general.
A mobile app for investing based on bot signals is developed and released. Users will be able to add their API keys from exchanges, receive and filter bot signals right in this app and open positions by signals in one click. The app will buy cryptocurrencies and relist them using user-defined settings. API keys will be stored only on users’ devices, making the app quite secure.
6.News and social feeds monitoring
The bot gets augmented with means to track and analyze news and social media posts about cryptocurrencies. That kind of data will increase signal precision and determine the interest towards certain assets and projects (which might not be listed on any exchanges yet), and to some degree forecast the price movements.
7.Neural network for market analysis
Algorithms powering the bot will substantially change from predefined heuristics to a neural network, designed and trained to to analyze market data and social signals together. This allows for intricate analysis of cryptocurrencies including specific exchange quirks, different timeframes and indirect factors.
Investing App receives new feature — ability to allow it invest by signals automatically without user prompt. New settings will be added to allow users to design their auto-investment strategies and limits. API keys are still stored on users’ devices only.
9.Programmatic technical analysis
Some cryptocurrencies follow classic TA principles, especially those with large volumes. At this stage of bot development, we begin designing tools to perform TA on assets automatically, and to further enhance the neural network capabilities
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This article was contributed by author Bhargavi Sayee.