How Does FTEC Work?
FTEC is a new kind of trading platform. The name is an acronym which stands for “First Trading Ecosystem.” The FTEC team wanted to design a platform which would allow traders to increase their level of efficiency. They did this by leveraging artificial intelligence and large datasets. FTEC allows users to automate trades with the help of sophisticated algorithms. The platform can analyze a wide variety of different factors, including the news, to offer up potentially lucrative strategies to traders. For example, a hard-fork could be positive news for a cryptocurrency, especially if holders are getting a new coin essentially for free. This could lead to a price increase of the existing coin. The FTEC platform’s AI would pick up on the rumors of a hard-fork and give traders options that allow them to make moves before the masses. Let’s take a closer look at how the FTEC platform—and the token—work.
The Basics Of The FTEC Token
The FTEC token is a utility token that is used to solve a trading algorithm problem. The whitepaper defines the problem as such: “If an automatic module finds a situation when the user can get a profit from the market, it also needs to define a queue of people for whom purchase and sale will be made. As price is not a constant value and the price of further purchases increases after the purchase of the first user (because buying demand has risen), the next user will buy at a bigger price.
The FTEC token solves this problem because the number of tokens issued does not change. It is constant, and thus any token holder can influence their position in the queue simply by changing the number of tokens that they hold. This creates a system where users ultimately make the decisions and can influence queue forming by their own actions.
The Different Elements Of The FTEC Ecosystem
There are a variety of different elements that comprise the FTEC ecosystem. Traders can make use of these tools in order to gain an advantage over the competition. These elements include:
• System Automatic Setup Module
• Smart Trading System
• Adaptive Social Assistant
• Analyzer of the News Background Based on the Neural Network
• Arbitrage Assistant
• Exchange Orders Management Module
• Тelegram Assistant
• Cryptoacademy
• Global Price Analyzer
• Module of Price Notification
• Module of Cryptocurrency Portfolios Management
• Desktop App
• Mobile App
• Trading Recommendation Platform
• Service of Trader`s Behavioral Analysis
• Anomalous Volume Dynamics Analyzer
FTEC is an interesting project because it combines a number of disciplines along with cutting edge technology. Traders are able to divorce themselves from psychology and emotion with FTEC, and can focus simply on the most effective trades with the highest level of speed and flexibility. The FTEC website notes that the global algorithmic trading market is on pace to reach $18,160.8 million by 2025. And that’s including traditional markets. The cryptocurrency market is much smaller than the stock market or the foreign exchange market, and thus has much more potential for growth in the next few years. That is why FTEC has such a tremendous opportunity—they are a high growth product inside of a high growth asset class.
Website: https://ftec.ai/en
Whitepaper: https://ftec.ai/en/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=3161171.0
Written by marcusthewriter: (https://bitcointalk.org/index.php?action=profile;u=1803140)