is holding a crowdsale to build a platform based on blockchain technology, artificial intelligence, and machine learning to aid experienced and novice traders alike, as well as banks, brokers, and third-party providers. An ERC-20 token will be offered to investors, AITT, which will fund the ecosystem and act as pre-payment for subscription services.
The Problems AITrading is Looking to Solve
Traders have to concentrate on various opportunities, and there’s no doubt that many trading signals will be missed or overlooked during the course of the day. Analysts and commentators sometimes promote conflicting trading recommendations, make it harder for the novice to make profitable trading decisions.
Because of the risks, time and skill involved in trading, traders sometimes lose significant amounts of money playing the markets.
This is where AITrading steps in by providing a solution involving artificial intelligence to provide trading signals 24/7 as well as suggesting trade ideas, portfolio compositions, and the trading of assets with one click. With access to the largest cryptocurrency exchanges, the system is an all-in-one solution.
How Does AITrading Work?
Benefits for Different Groups/Individuals
Whether you are an experienced trader, newcomer or broker, AITrading offers something for everyone. Firstly, for those just getting started in the world of trading, the one-click feature will allow you to choose an idea and implement a trading strategy. AI generated ideas will also be available, along with access to third-party and experienced trader ideas, as well as a smart risk-hedging tool based on AI.
Secondly, for more experienced traders, the benefits of the AITrading platform include a larger set of AI-generated ideas, AI as a service which combines analytics from artificial intelligence with fundamental and technical analysis and a blockchain-based wallet built into the user’s account.
Finally, for brokers, banks, and third-party providers, they can use the platform to offer their services to users of the AITrading platform and a -based system of smart contracts and settlement.
Trading with the AITrading Platform
So how does it actually work? Let’s go through the steps as if we were a trader using AITrading’s platform.
First and foremost, the platform continuously collects price and volume data for forex, cryptocurrencies, and stocks over the most liquid exchanges and this data is recorded in real time.
The second step is for a representation to be built for AI, searching various charts on different timeframes to highlight important areas of support and resistance.
Thirdly, a library of patterns that have been previously coded into the system is used to score the current price action. The score incorporates multiple factors, such as pattern fit and backtested performance. The signals are then ranked and compared for all instruments over all timeframes to weed out the best trading ideas. A clustering of user behavior and preferences are then used to determine which signals will be most suited to certain traders. The recommendation engine is used to delegate trading ideas to individual traders.
Fourthly, the idea is presented to the user in real time visually, consisting of the price of the asset and the identified pattern.
The library previously mentioned offers users access to pattern recognition as well as a host of other features; Trading Ideas suggestion, Trading strategies suggestions and Strategy Builder, AIT Portfolio Manager including smart hedging, Auto-backtesting functionality, and Alerts for suggested trading actions.
Speaking of the advantages of AITrading, CEO Alexey Shirobokov :
“Our technology is unprecedentedly transparent and democratic. It works 24/7 discovering trading ideas and formulating trading strategies which are available to the whole trading community, but not only to large funds and banks. So AITrading establishes a new approach to exchange trading market and enhances the business model of financial institutions enabling quick and seamless scalability to all financial markets.”
A comparison of AITrading and similar platforms is displayed below.
The Team Behind AITrading
Here we detail four members of the main team and outline their relevant experience.
The CEO of the project, , boasts 13 years of experience working in finance and corporate planning and held a position at Ernst & Young. As a trader with ten years of experience, he can guide the project to success.
Roman Didych, a forex trader who started out in 2004, serves as AITrading’s lead for product development and has managed private funds over a span of eight years.
Head of research also has substantial tenure with trading and algorithms, building quant strategies for hedge funds since 2010. Also, as part of Chigirev’s Ph.D. at Princeton University, he led a team to build an award-winning algorithm that predicts behavior from fMRI scans.
, an alumnus of the London School of Economics, will head up the Machine Learning Research Group and has significant knowledge of IT and the latest AI techniques in Physics.
Crowdsale Details
AITrading will issue an , known as AITT, beginning June 10, 2018. The first round of the crowdsale will last until July 5, 2018, and each token will cost €0.88 ($1.04). The maximum supply of AIIT will be 88,888,888, and these tokens will be used to access the platform.
The minimum investment is 100 AITT, which amounts to €88 ($104.42) and the project hopes to raise €60 million ($70.7 million). Participants in the first round can gain a 10 percent discount, while whitelist members will get a 20 percent discount. Accepted methods of payment are; BTC, ETH, BCH, XRP and all buyers must pass a KYC/AML procedure.
The second round of the crowdsale will commence July 6 and lasts until August 18, 2018. The timeline of the project is shown below.
The funds raised will be used to develop the ecosystem and serve as pre-sales for the subscription to is informational and analytical services. Investors, traders and other interested parties can participate in the token sale to gain the “right of first access.” Pre-payments for subscriptions are accepted via the AITrading web platform or IndieGoGo.
To find out more about the project, please visit or have a look at their .
BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.
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In this guest post, ‘s Simon Kariuki examins the effect of the emerging ICO market on employment trends in the US tech sector.
In 2017, Initial Coin Offerings (ICOs) in the raised an incredible $4 billion through the sale of digital tokens. New cloud storage provider, , raised $20 million in six hours, then went on to raise another $10 million over the next seven days. The $30 million was raised without the help of traditional lending institutions. With growth like this, it’s no wonder people are talking about the impact of ICO’s on the U.S. job market.
Companies that can enter the market on a decentralized platform can compete with industry giants like Google, Amazon, and Microsoft. Also, these new companies are highly scalable and represent a unique strategy for today’s entrepreneurs.
As these ICO startup companies move forward, they’re creating thousands of jobs in the U.S. tech market. For instance, , a decentralized learning ecosystem for future technologies, has built a special category focused on cryptocurrency for their learning platform. In this category, detailed projects will be created that discuss blockchain and ICO technology. Through these project videos, viewers will be equipped with the necessary skills needed for the current technology market. During 2017, only about 7.3 million workers were employed in the , but today that number is 7.7 million and growing. Anything that can create 400,000 jobs that quickly is certainly worth keeping an eye on.
According to the , the United States represented 16.7 percent of all ICO projects in the world. Moreover, the total dollar amount raised in the U.S. totaled $811 million in the first quarter alone, and this figure is certain to grow even more by the end of the year. At this time, ICOs are raising venture capital at a much faster rate than all other funding sources combined.
The number of ICO companies is also growing. The total number of has reached 434, leading all other countries in the world by a landslide (Russia is second with 243). A significant portion of the funds raised by these various ICO projects is earmarked for the recruitment and hiring of new employees.
It’s clear that this explosion in ICO funding has played a major role in creating tech jobs. According to Burning Glass, research was conducted recently whereby millions of jobs posted were scanned searching for the words blockchain, distributed ledger, and bitcoin.
The results showed that New York ranks first with 1,316 job openings in ICO-related fields. San Francisco ranked second with 651 ICO job openings. Boston, Chicago, and Palo Alto are the remaining cities in the top five with job openings hovering around 200 each. In addition, large consulting firms like Deloitte, Accenture, and IBM now have job vacancies that are related to ICOs.
While the growth of ICOs has had a significant impact on the U.S. tech job market, the increase in employment was not limited to just tech roles. There was a higher demand for a wide range of positions across many industries. A few of the factors that have attracted workers to ICOs have been higher salaries, better benefits, and flexible contracts.
The unique ICO funding phenomenon has inadvertently become a job market growth engine. According to , the number of ICO related job vacancies posted on LinkedIn in the U.S. alone was over 1,500 in the first quarter of 2018. This number is growing. The job descriptions are highly diverse and include developers, engineers, data scientists, miners, and project managers.
Just a few of the that have searched for candidates with ICO skills are:
Capital One
Uber
eBay
Match.com
Geico
Finally, the impact of ICOs in the U.S. tech job market goes beyond the current project itself. In cases, where the ICO project is not successful, there’s still a great deal of benefit created by it. As workers and professionals join these ICO projects, they learn so much, plus they expand their network of contacts. In other words, they gain valuable skills and make good relationships that can be profitable in the future. Even the ICO failures have value.
As Scottish author, Samuel Smiles said, we often learn more from failure than from success. As these new entrepreneurs continue to develop their skills, the tech world will no doubt reap greater rewards from their ambition, skill, and creativity.
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