First Global Credit Brings AI to Cryptocurrency Trading via AICoin ICO

“The inefficiencies of the cryptocurrency markets have created a rare and truly unique opportunity."

First Global Credit, a London-based cryptocurrency capital markets company, has announced it entered into a partnership with a team of developers using Artificial Intelligence (AI) trading algorithms to form AICOIN, an ICO that will formally launch on July 17 and is currently in community review mode.

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Trying to distinguish the project from the recent wave of ICOs, First Global Credit explains that the AICOIN is a fully functioning investment service (not an idea in development) that leverages off blockchain technology to deliver revenue from two different but complementary profit streams.

The coin uses the power of artificial intelligence to generate ongoing profit. These profits are then used to finance investment in early stage companies focused on public blockchain or AI technology. The quarterly selection of start-up companies will leverage off the collective knowledge and experience of all token holders who vote on which companies will receive investment. Since AICOIN is built on the ethereum blockchain, the functionality of the smart contract is used to provide transparency and supervising control of the voting process.

This structure differs from most current legitimate ICO offerings, that have largely been used as a way to crowdfund a single blockchain focused business idea and/or user community. In the short term, the value of AICOIN will increase based on profits generated from the Artificial Intelligence trading models. The algorithms have been trained to look for inefficiencies in the top seven cryptocurrency markets that it can profit from trading....