Signals ICO Review

Signals provide crypto traders with tools for technical analysis, trading algorithms, and machine learning techniques. Traders don't need any programming skills to use the platform. It aims to democratize machine intelligence for the crypto traders.

Signals will have different marketplaces and it will allow the traders to use strategy inputs, data, and indicators to build intelligent trading strategies.

 
 

What is Signals Platform?

The Signals.Network, SGN is an exclusive platform that combines the power of data science and machine learning to assist the cryptocurrency traders. It assists the traders with aspects of crypto-trading like discovery, creation, and monetization of the cryptocurrencies.

The Signals platform is an Ethereum powered network based on the blockchain technology. It aims to expand the Microsoft's .NET framework for monetization. The Signals tokens are known as SGN tokens. SGN tokens are ERC-20 tokens and they can be stored or traded using an Ethereum wallet.

The Signals platform can be divided into three broad sections.

 
 

• Indicators

This marketplace facilitates the developers to convert the algorithms into indicators. Traders can use the indicators to build their trading strategies.

• Data

Third-party users and vendors can monetize their data sets at this marketplace.

• Strategy

Traders can buy or sell the established trading methodologies at this marketplace.

 
 

Features of Signals.Network -

• Decentralized data-driven marketplace.
• It assists the users in building strategies for trading cryptocurrencies. Users don't need any programming skills to be able to use the platform.
• It creates a bridge between data scientists and crypto-traders.
• Crypto-traders can benefit from the power of machine intelligence for effective monetization.

 
 

Usage

Users have to pay a fee for each purchase. The Signals marketplace includes purchases of data streams, user-made strategies, and user-created indicators. Paid features will be available to the users with Signals tokens, SGN.

 
 

Team

The Signals team is based in Prague, Czech Republic.

• Pavel Namec, Cofounder & CEO
• Pavel Volek, Cofounder & CTO
• Zdenka Sedenka, Data Scientist
• Jan Budik, Algorithmic Trading Expert
• Josef Jelacic, Smart Contract Developer
• Michal Krajnansky, Machine Learning Expert

All the 15 members of the team are technically advanced. They have been involved with software architecture, data science, and machine learning.

 
 

Token Distribution

The Signals raised $0.5 million in the presales and the main sale will continue from 26th February to 26th March. Investors can use the ETH tokens to invest in the ICO.

The ICO aims to raise at least $2 million and $18.5 million has been set as the crowdsale cap.

• Tokens generated - 150 million
• Tokens allocated for sale - 50%
• Tokens sold during pre-sale - 1.3%
• Company reserve - 18%
• Advisors and Partners - 10%
• Community - 20%
• Bounty Program - 2%
• Minimum Transaction - 1 ETH

 
 

Pros -

• The quality of the project is high.
• The team behind the project is solid.
• It is a unique idea that can bring power to the hands of crypto traders. The demand for the tokens is expected to be high once the platform becomes popular.

Cons -

• It is difficult to attract users in the initial stage.
• It is difficult to predict how useful the data science algorithm will be.

Risks -

• If the platform does not get enough users, it will be difficult for the platform to thrive.

 
 

Verdict

Signals offers a unique platform for crypto traders and allows them to use the power of machine intelligence. It is a unique project in the blockchain space and there is no other platform that does the same job.

The project seems promising and it can become successful if algorithmic predictions prove to be useful and it attracts enough users.