XchangeRate Robot, a Data-Driven Robot that makes Decisions Based on the 'Buy' and 'Sell'

wiepers (25)in #cryptocurrency • 6 years ago (edited)

The XchangeRate Robot
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.

Platform XchangeRate Robot
XchangeRate.io is a data-driven robot that makes decisions based on the 'buy' and 'sell' attitudes on the cryptocurrency exchanges and user parameters. Plugins and APIs feed the robot its data and unique metrics provide its analyzing power. XchangeRate is a platform that will keep the number of supported exchanges it trades with via API increasing.

XchangeRate is intended to be a web application that will be responsive on mobile devices. The product’s platform will support and advertise crowd sale. XchangeRate uses API from the most trusted sources including cyptocompare.com, coinmarketcap.com, and all supporting exchanges.

The robot has 4 areas:
● The (Coin Monitoring Board),
● The Automation Robot,
● The MVP and
● The Marketplace.

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.

While 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.

Token
XRR Coin will be implemented as a utility token used to transact on the xchangerate.io in two major models. There is a subscription charge where users will make a minimum monthly payment to gain access to the platform. There is also a strategy rating marketplace where users can check the success rates of different strategies and the Token Costs (TC) the initiators have attached to them. Token Adopters can adopt these strategies at the TC while there is a platform fee for the transaction.

The XRR Team will work with major exchanges such as Yobit, EtherDelta, KuCoin, Huobi, OkEx, and Binance to list the XRR coin on their exchanges so that the XRR Coin can be easily bought and sold.

Token name: XRR coin
Token symbol: XRR
Token type: ERC20
Token role: Utility
Total supply: 250,000,000
Available for sale: 235,000,000

ICO