Overview AiBB

markascoinind (28)in #ai • 6 years ago

Cryptocurrency trading is no longer the domain of professional investors or fund managers. A recent survey by Postbank found that one in three Germans are interested in the space for investment, a potential trader market of nearly 30 million in one country alone. Among 18 to 30-year-olds, the figure reaches almost 50%.1

Certainly, these investors are not all professionals, and any kind of investment comes with risk. Stabilizing and growing the market means harnessing these potential investors but also catering to their needs and lowering their risks.

Cryptocurrency trading comes with a steep learning curve given the many sources of contradictory information making it challenging for new investors to enter the space.

Despite this information overload, or perhaps because of it, interest in cryptocurrency trading has blossomed.

In the first six months of 2017, the cryptocurrency trade increased more than ten times. Currently, there are well over fifteen hundred different cryptocurrencies and over ten thousand different exchanges. The total cryptocurrency market reached $800 billion in January 2018 and is estimated to pass the $1 trillion mark by the end of the year.2

AiBB facilitates even more growth in the cryptocurrency market by bringing together reliable trade data, news, security and public education. We want every individual involved in the cryptocurrency space empowered with the right tools and understanding of their investments on a secured, reliable and decentralized platform.

AiBB is set to be the first Ai assisted application that will grow to become a completely decentralized platform that facilitates several functions and removes the need to trust 3rd party applications altogether. Users will be able to execute trades across some of the most liquid and secure cryptocurrency exchanges, preventing the destabilization that can occur when a single exchange is forced to absorb a high-volume transaction.

WE SOLVE PROBLEMS

PRICE VOLATILITY

Price volatility happens in two circumstances: first, when there is a lack of accurate assessment of the underlying value of a security and second: where there is a lack of market depth.

The first problem can be resolved through better information and investor education in the crypto-currency market and the second problem can be resolved via increasing the volume of investors.

This can be achieved by introducing more market players into this space so that no one big investor can dominate the particular cryptocurrency and engage in price manipulation.

BUYING CRYPTO

Prior to even buying crypto, people have a notion that because there is no physical element to it, they can not convert it into hard cash in their bank account.

And they’re partially right! The process to fund crypto is to wire transfer (3-5 business days), e-transfer (instant usually) or use a credit card (limited amounts) to send your money to a 3rd party broker or crypto institute. To withdraw you need to wait a minimum of 5 days for it to hit your bank account.

We fix this by partnering with various exchanges and acquiring an EML (electronic money license) to convert crypto to FIAT on the application easily and faster than ever before.

POOR VALUATION OF MARKETS

It’s difficult to properly value investments in a brand new space. Fear of over valuation must be met with reliable data. Early adopters navigated their way through these markets with limited tools and resources. They were self-educated and their investment transactions were made based on speculation and emotion rather than calculated, informed and educated decisions.

The cryptocurrency industry faces this challenge: investors require the right tools to allow them to build and grow a broad portfolio while ensuring a natural growth rather than risky speculation on over- or undervalued investments.

TOKEN LOSS AND TRANSFER TIME

Transfering cryptocurrencies remains a stressful with a large margin of error.. Users can check and recheck the address, but one wrong character and assets could be sent to an unknown contact.

It is also a very time-consuming process which can take up hours, where users try to mitigate risk by sending a small amount first and then sending a second round.

MISINFORMATION

The current ICO market often relies on the intelligent evaluation of a future product. Most companies lack a product, the technology, a proper team or a vetted revenue model, and many are raising money based only on a white paper alone.

This model has allowed very astute early adopters to thrive but is not conducive to growing interest and investment in cryptocurrencies. The market should be driven by promise, not fear.

FRAGMENTATION

An unintended ramification of decentralization is fragmentation, where market information is published in multiple places by multiple people at multiple times -- and isn’t always correct or up-to-the-minute.

Decentralized markets must rely on authorities that can assess all the fragments and make that information accessible to all. This transparency is a benefit if the centralized library is trustworthy.