Altcoins on the Block #6 Cindicator Coin

In the series "Altcoins on the Block" I will have a look at different altcoins and explain what the coins are all about. In this edition I have a look at Cindicator Coin.

Cindicator Coin- Effective Asset Management

Cindicator Coin is the cryptocurrency of a platform that uses hybrid intelligence to make as accurate forecasts as possible in terms of finances. For this, experts as well as artificial intelligence are combined. Cryptocurrencies are really just a subset of the platform.

Cindicator Coin - What is this Cryptocurrency

Bitcoinwiki describes it like this:

The Cindicator cryptocurrency is used within the platform to gain access to the Cindicator Bot. Keeping coins on the wallet gives you access to multiple financial services. These include indicators for traditional markets and crypto markets, market indices, retail ancillary service products, analytical products such as ICO cryptocurrency ratings or investor portfolio analysis. In addition, it will be used to reward particularly successful financial analysts. Experts who provide their analyzes get coins. The development is based on Ethereum, the Coin is an ERC20 token.

The real purpose of the Cindicator blockchain is to combine crowd and artificial intelligence. This combination should make predictions about finances, cryptocurrencies or asset management more accurate than ever. Human and artificial intelligence combined to help make financial decisions. On the human side, the platform will interview teams of mathematicians, data scientists and financial experts on a daily basis according to their competencies. The answers given by the experts are summarized into data sets and fed to the artificial intelligence. Based on these answers, the AI draws its own conclusions. Thanks to "Machine Learnings", the bot should become better and better with time.

In machine learning, the computers learn with human support themselves and can draw their own conclusions over time. In recent years, great progress has been made in the field of machine learning. The artificial intelligence does not blindly trust any recommendation. Instead, the "confidence weight" of the individual experts plays a role. The Cindicator Bot weighs the weight of each answer based on how well the expert has previously made predictions. Different factors play a role, such as how much this expert is associated with losses or profits. This combination of computer-generated and human predictions represents the principle of hybrid intelligence.

Development is not over yet, but a first test run at the Moscow Stock Exchange has shown the potential of hybrid intelligence. The bot recommended 57 trades, of which 36 were profitable and yielded a monthly return of 3 percent. Technically speaking, nothing stands in the way of a positive prognosis.

The ML models that they apply are never static and continually learning by reviewing historical data and analyzing more than 500k predictions. The histogram represents the accuracy scores of ML model forward-tests held by them on the sample of almost 1000 financial events. You can discover the data they used for the accuracy statistics here.

Cindicator Coin - Who is behind the Cryptocurrency?

The Cindicator platform is operated by the fintech company of the same name. Cindicator was founded in 2015 by Mike Brusov, Yuri Lobyntsev and Artem Baranov. Mike Brusov has more than 8 years of experience in starting new companies in the field of Big Data. Yuri Lobyntsev has been programming since he was 10 years old. He has won several competitions in the fields of mathematics, computer science and sailing. Artem Baranov founded several companies dealing with outsourcing, medicine and financial analysis.

Headquartered in New York, Cindicator also has offices in Europe. The advisers and partners are Anthony Diiori (founder of Jaxx) and Charlie Shrem (founder of the Bitcoin Foundation). Likewise Andrei Rusakov (co-founder of Data Capital Management) and the CEO of the Moscow Stock Exchange, Anton Govor. In addition, the Director of Engineering of Facebook, Evan Chang. Furthermore, Microsoft promotes the company as part of the BizSpark program.

Cindicator Coin Pros and Cons

Buying Cindicator Coin does not seem to offer much incentive if you do not want to use the platform's financial analysis. The developers promised that you can do much more with the cryptocurrency in the future. But still you have to wait. Nevertheless, the CND Coin course has developed well so far. However, one must keep in mind that the value of the coin will depend very much on the success of the platform, since the coin itself has hardly any intrinsic value.

A purchase could be worthwhile because the cryptocurrency is heavily undervalued. The traders do not seem to have fully recognized the potential of the platform yet. If the coin development is going well, the price will probably rise again. That the development will work, there are good chances. After all, the fintech company employs real experts and the team enjoys strong backing, including from Microsoft, the Moscow Stock Exchange and other consultants from the crypto scene. At the same time, the idea behind hybrid intelligence is truly original, but it also makes a lot of sense, because machine learning will become increasingly important in the future. The Cindicator Coin Prognosis looks very promising, because it combines new technologies into a meaningful concept.

Cindicator Coin Course - Development - Forecast

The course started with 1 cents on the stock exchange. At the beginning of December 2017 you could trade the Cindicator Coin. On December 14, the price rose for the first time over 2 cents. A few days later, the coin reached a high of 7 cents for the first time and then lost some value. For the new year, the coin increased from 4 to 7 cents.

At the beginning of January 2018, the Cindicator Coin rate was hit by general hype, rising to 16 cents. Thereafter, the price dropped quickly back to 5 cents per coin. Unlike many other cryptocurrencies where the rally ended in January, the CND Coin course picked up again in the second half of January. 25 cents cost a coin for a short time. Also, this climb did not last forever, but the Cindicator cryptocurrency seems to keep at over 10 cents in February.

The CND Coin Forecast: A guarantee that the price will increase again, you can not issue 100%. Probably it is anyway. You may not have been aware of the Coin at the stock exchanges yet, and the development must be completed before the price goes uphill. Until then, however, the price may also lose value again if markets generally fare worse.

The CND token sale has been concluded in September 2017.

Create Cindicator Wallet

Since the coin is an ERC20 token, the Cindicator Wallet can be used by those who can store such Ethereum-based tokens. These include MyEtherWallet or Metamask. MyEtherWallet is one of the most popular wallets for ERC20 tokens. To use them you have to click on "Create New Wallet" on their website and follow the instructions. After transferring some Ether Coins to the MyEtherWallet, it should be activated.

Where can I buy the Cindicator Coin?

Buying Cindicator Coins is possible on the following crypto exchanges:

1 Binance CND/BTC
2 Binance CND/ETH
3 Binance CND/BNB
4 Mercatox CND/BTC
5 Mercatox CND/ETH
6 HitBTC CND/BTC
7 HitBTC CND/USDT
8 HitBTC CND/ETH
9 GOPAX CND/KRW
10 GOPAX CND/BTC

Conclusion Cindicator Coin

A clever concept with exciting new technologies. The hybrid intelligence that combines human considerations with artificial intelligence could be groundbreaking in the financial world. Definitely a project where you should keep an eye on.

For more information please go to there webside and the white paper.

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I hope this post provides some value to yourself and please feel free to use this as a resource to help answer questions and bring awareness to the project of Cindicator Coin.

Series:

• Altcoins on the Block #1 Funfair 🎲
• Altcoins on the Block #2 DeepOnion Coin
• Altcoins on the Block #3 MediBloc Coin
• Altcoins on the Block #4 Syscoin
• Altcoins on the Block #5 Basic Attention Token

Image Sources:

• Post header created by myself
• https://cindicator.com/
• https://coinmarketcap.com/

Video Source:

• youtube.com/Cindicator

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Have a nice day!

LOVE&LIGHT

Best regards

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Posted on Utopian.io - Rewarding Open Source Contributors

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