XChangeRate Robot as an intelligent algorithm can help investors navigate the cryptocurrency market on a unity or group basis and make expert decisions accurately.

tristan88crypto (30)in #bitcoin • 6 years ago (edited)

In fiscal year 2017 has been a banner year for the crypto currency market. Currently the trading volume is worth hundreds of billions of US dollars (USD). Bitcoin prices have risen exponentially, relatively recently reaching an all-time high of about $ 20,000 per coin in December 2017. Altcoins such as Dash, Ethereum, Litecoin and Ripple have experienced the same explosive growth throughout the fourth quarter

This digital currency is getting the land as a viable option for everyday investors. However, the market remains volatile in the short term. It should be noted that the high history of Bitcoin is followed by a rapid decline. Cryptocurrency, as a whole is very vulnerable to external influences ranging from hacking to rules and other currency movements.

High prices caused by surges and declines in the market can be a deterrent to potential investors. Hundreds of interdependent digital currencies and 24/7 traits of global commerce create a challenging market. Making a decision whether to buy or sell can be a tense and stressful experience for investors, with real potential for big gains and losses in fiat currencies.

XchangeRate brings solutions as intelligent algorithms or "robots" that help investors navigate the complex cryptocurrency market and make expert decisions, all on one convenient platform. Data pipelines from plugins and APIs are combined with relevant unique metrics to detect market attitudes. The investor sets the buy / sell parameter and chooses to create manual or automated trading triggered by the conditions if so. Users are no longer obligated to make each decision alone and separately track trends and currency. In contrast, XchangeRate robots make intelligent decisions on behalf of their users, enabling investors to trade popular currencies all the time based on a set of criteria and interpretations of good data analysis owned by the XRR platform.

What is XchangeRate Robot ?

XchangeRate Robot (XRR) is built on a series of algorithms for detecting and making decisions about buy and sell attitudes. Relative Strength Index (RSI), is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Traditionally, RSI is considered overbought when above 70 and Oversold when below 30. Signals will be generated by finding divergences and failure changes. RSI can also be used to identify common trends.

Vision

Interpreting Dataflow of token metric and market instruments through in-depth research and the application of Artificial Intelligence to derive value and maximize benefits.

Mission

To provide a platform with an array of essential, powerful and valuable trading tools using augmented intelligence.

Problem

Cryptocurrency is notoriously volatile and can provide barriers to entry, as proven by Bitcoin. The Bitcoin price index grew from $ 367 in January 2016 to more than $ 4000 by the end of August 2017 and experienced explosive growth in Q4 in the same year, but the market saw a wild upside and down in the short term.

Other currencies, while selling at lower prices than Bitcoin, have similarl experienced high growth and volatility. It should be noted that cryptocurrency remains vulnerable to outside influences. A recent study found that Bitcoin prices can affect other major cryptocurrencies, especially during periods of rapid price growth and falls. The study noted several factors that highlight cryptocurrency interconnectivity and potential volatility, including changes to regulation, the operational effectiveness or presence/absence of an exchange and technological failures brought about by application design or malicious computer hacking

Cryptocurrency is here to stay. As its popularity and visibility increase, average income earners are becoming interested in investing. However, high prices and the unpredictability of the market can deter potential investors from entering the constantly fluctuating cryptocurrency trade. Without an indepth understanding of the cryptocurrency market, potential entrants may feel hobbled in making decisions of either to buy or to sell, especially given the huge fiat losses they may experience if they execute a trade at the wrong time. Moreover, no investor is able to remain constantly informed on every nuance of a 24/7 global market with multiple, interdependent currencies.

The market needs an algorithmic tool not only to help users analyze the exchanges but relieve them from the responsibility of decision-making. In other words, the market needs a robot, who works for them.

Solution

At the moment all trading solutions available on the market can be divided into the following groups:

Informational is accumulating information from the internet, collecting different types of information (news, analysis, research, etc.) useful for traders on one easy-to-read platform (ex. Hade platform) making it easy for users to sort, filter, and process in order to make informed decisions;
Providing trading signals and predicting the market move (ex. Fintab, CoinFi, Signals, Taylor, Trademindx, Savedroid, Fox trading, Dropil, etc) basing on automatically collected and analysed data or using the AI.

The XchangeRate Robot (XRR) on the contrary detects and makes decisions on buy/sell attitudes itself. Our ultimate pursuit is to become a universal platform where users of our tools can leverage on our unique metric to have an edge on exchanges. Our metric has the unique ability to predict price direction by evaluating patterns in data that are publicly available on the exchange using API. These data characteristics are available and applicable on several exchanges where other instruments are exchanged like stocks, gold, oil, forex and other derivatives.

XchangeRate is well on her pathway to being a central platform that trades these instruments using XRR tokens as the only currency used to communicate value among users and platform access.

Introducing XchangeRate.io

The first Augmented Intelligence platform SaaS App that brings intelligently analysed data to the trader using automation and decentralized strategy sharing.

Powerful Preset Filters

XchangeRate is a platform designed by traders for traders. Automated filter settings comes with a preset strategy that requires minimal efforts.

Cross Functional Strategy Approach

XchangeRate parses through the metric attributes of each coin on the exchange and loops through the strategy filter for entry signals and rates them on a scale of preference and fires a trigger through qualifying positions, loops the criteria using automation on entry and exits and in rounds and cycles.

Implementation Proofing

Adopting a strategy is one thing. Getting it into the market flow is another. XchangeRate provides tools to test strategies and filters with real market conditions and tests the strategy outcomes.

Platform Ecosystem

The robot has 4 areas :

The Coin Monitoring Board is a dashboard panel that tabulates the analyzed data from different data sources and displays it in a way a trader can sort to identify the market sentiments around available coins on the exchanges.
The Automation Robot is the part of the XchangeRate platform where strategy settings can be issued to the robot to automate trades using API and secret keys.
The MVP is the part of XchangeRate’s automation that does not require username, password, API or secret key but uses a preset to filter markets with price action.
The Marketplace is the data hub where strategy, users, and performances are tabulated for users who want to adopt strategy can come to implement other user’s strategy in exchange for XRR tokens.

How many coins are there in total ?

235,000,000 Tokens will be in circulation if the Token sale hard cap is reached, this figure comprises of bonuses, airdrops and bounty. All unsold tokens will be burned. 15,000,000 Tokens are preserved for Project Owners and will be frozen for 9 months after ico sale is over.

Token Sale

To expand XchangeRate.io’s vision and reach, we are launching a Token sale to issue XchangeRate tokens (XRR) on the Ethereum Blockchain. ERC20 XchangeRate tokens will be issued by smart-contract at the end of the Token sale (May 2018).

XRR is built as an ERC20 token on the Ethereum blockchain.