Cindicator is a revolutionary project that aims to create an intuitive solution for issues pertaining to decision making and asset management. It is hinged upon the need to eradicate or at least substantially mitigate the risk associated with uncertainty in the financial market. This is achieved through a combination of human intellect and artificial intelligence to create a robust algorithm capable of offering highly effective asset management solutions.
There is currently no way to buy CND directly. So the only way to buy CND is to purchase BTC to use on an exchange, and then switch it to CND.
Step 1: Choose Your Trading Platform
Firstly you will need to decide on your cryptocurrency trading platform and create an account there. The choice of platform isn’t very important as a beginner, what really matters is a trading platform that you are comfortable using..
Choose one of these platforms and complete the follow steps to get started:
Go to Binance and create a new account if you do not already have one.
Once your account has been confirmed, log in to your Binance account and click on funds at the top right, then “Deposits Withdrawal”.
Look in the “Bitcoin” list and click the Bitcoin deposit button. Then a series of numbers appears in the “BTC Deposit Address:” field. You must copy this series for the next step. This is your bitcoin wallet address.
STEP 2: BUY BTC
The second step is to get your Bitcoin, you can do that at a broker such as BTCdirect .
If you’re buying BTC for the first time from these brokers, you will be asked to confirm your bank account.
Upon payment you will be asked to enter a bitcoin address. You must fill in the address that you have copied at Binance.
STEP 3: WAIT UNTIL YOUR BTC HAS ARRIVED
Once you have purchased Bitcoin and entered the correct BTC deposit address with the payment, you have to wait until the BTC arrives in your wallet.
This process can take up to ½ hour, so don’t worry if it’s not immediately visible on the exchange.
STEP 4: BUY CND
Once your Bitcoin has arrived at your trading platform, it’s time to buy some CND.
Go to the Binance trading exchange (click the top left on exchange and choose Basic) and use the search function within BTC Markets to find the CND/BTC trade.
Once on the CND/BTC trade page you can look in the left box marked with Buy CND. Here you can decide how much CND you want to buy using your Bitcoin.
If you then press Buy CND your order will be placed. When the order is filled you will see your number of CND on the right-hand box or on your balance page.
Congratulations you’re now the proud owner of CND.
Forecasting and analysis of trends and patterns concerning elements like volatility, share price, and trading volume are an integral part of the financial space. A lot of time and effort are put into developing intuitive predictive models and tools for analysis in order to aid participants in the market. The ability to succeed in the business scene depends greatly on the ability to take advantage of positive market trends based on the information derived from signals and indicators. The market is seemingly always in a state of flux and as such, only tools that can adapt to such a constantly evolving environment are of any use to traders, monitors, and analysts.
To say the financial market is a vast enterprise would be an understatement. With the addition of a booming cryptocurrency and blockchain technology sub niche, the market has even been further expanded. While the crypto market does bear some level of resemblance to other such markets as stocks and bonds, there are subtle differences that make it unique. These unique differences, therefore, require specialist algorithms and programs not likely to be found within the catalog of predictive tools used in mainstream finance.
Current Market Condition
The global business process is undergoing a phase of rapid change across many sectors. Many traditional market centers are becoming obsolete and fintech seems to be on the rise. There is now what seems to be an amalgamation of market centers being colloquially referred to as “the new economy.” Within this so-called new economy is an emphasis on Artificial Intelligence, Machine Learning, Big Data, The Internet of Things (IoT), and Blockchain Technology/Cryptocurrency. This accounting is by no means exhaustive but these are the major trends that are simultaneously disrupting and merging with the mainstream financial space.
There are now niches that do not yet have adequate representation in terms of tools for predictive analysis, trend recognition, and assets rating/indexes. This makes trading, investing, and speculating in such markets a truly difficult experience. This has always been the case with new and emerging markets all throughout history. However, there is a general consensus that mankind is no longer as limited by technology as we were 50 years ago. Giant strides have been made over the years in AI, machine learning, and big data analysis. These advancements create the potential for the development of software algorithms that can materially diminish the level of uncertainty in the market.
The Cindicator Project
The key value proposition of the Cindicator project is the use of “hybrid intelligence” to provide a platform for the improvement of decision making. By so doing, investors can better manage their trading capital and not expose themselves to high-risk ventures. Apart from investors and traders, the Cindicator project also provides useful tools for analysts. The Cindicator financial management platform offers almost infinite data streams to analysts in order to help them effectively monitor patterns and trends in the market.
By applying the high data volume capability of AI and machine learning, the Cindicator platform can aggregate the predictions of various forecasters into conclusive signals. Rather than having to pour over dozens of expert analyses, users can rely on Cindicator as the one-stop shop for all financial leading indicators and signals.
According to the Cindicator White Paper, there are a number of benefits that can be accrued from a successfully implemented Hybrid Intelligence platform. Some of these benefits include:
- An accurate method of providing trustworthy indexing and ranking of cryptocurrencies. No longer will the infant nature of the crypto market become a hindrance to the development of predictive models for price volatility, market cap, and trading volumes.
- A multitude of tools for both traders and analysts to them function effectively in the market. This means wiser investment decisions, reduced risk burden, and the eradication of high market uncertainty factors.
The Cindicator Ecosystem
In order to create this robust Hybrid Intelligence platform, the Cindicator project has developed an intuitive ecosystem of constituent tools and applications. These constituent parts of the ecosystem are:
1. Mobile App
The Cindicator app is compatible with both iOS and Android platforms and is available for download on their respective online app stores. The app provides users with forecasts and trading signals. Users also have the opportunity to make predictions about future trends in the market. If these predictions turn out to be accurate, the user gets public recognition of their analytical and predictive skills, as well as special rewards. It is a great way to get into the trading analysis scene and also monetise your intellect at the same time.
2. Cindicator Bot
This is the platform where hybrid intelligence brings together human predictive analysis and state-of-the-art artificial intelligence to create accurate signals and indicators. Experts, monitors, and analysts submit their individual analyses and predictions on both cryptocurrencies and mainstream financial asset classes. The advanced AI capabilities of the Cindicator platform then aggregates these diverse predictions into testable signals and indicators. Due to the fact that the market is never static, these signals are constantly being updated regularly.
3. Cryptometer Bot 2.0
The Cryptometer Bot caters exclusively for the crypto market providing access to information about time-limited crypto market opportunities. While it is true that high volatility markets have a number of disadvantages, there is one massive advantage inherent in them. This advantage comes in the form time-limited opportunities called arbitrage.
Typically, to take advantage of arbitrage opportunities, a trader needs to have access to information about price differences of the same commodity across different markets. In this case, cryptocurrency exchanges. The Cryptometer Bot monitors many of the popular crypto exchange services and provides real-time notification of arbitrage opportunities.
There are unique user features on the Cryptometer bot that can be adjusted to suit the preferences of the user. Threshold price drops across several currency pairs can also be set.
4. CND Token
Tying it all together is the CND token which is the native token of the Cindicator platform. It is an ERC20 complaint token and it is used for facilitating all transactions within the platform as well as being the entry requirement for being granted access to use any of the services on the platform.
The ICO Project
The Cindicator project had its ICO last year from September 12 to October 12. It was a hugely successful ICO in that it reached its hard cap of $15 Million dollars. The ICO process was praised by many experts for being unique and for following a much better crowdfunding model than the ones used by most ICOs. Instead of releasing the ICO to the public, prospective adopters had to sign up for a whitelist out of which random selection was used to pick the participants for the ICO.
Creating a platform that provides accurate predictive analysis solutions for both cryptocurrency and mainstream financial markets is no mean fit. The jury is still out on whether such a protocol is even possible due to the dissimilar nature of both markets. A lot hinges on how advanced the AI programs and how well the project copes with stiff competition from other projects like Enigma and Numerai.