Athena is a company based in Czech Republic. It specializes in neuroscience and trading economics. To achieve the maximum amount of profit made by a company, it wants to merge neuroscience with trading.
Athena’s mission is to monitor and identify a person’s weaknesses in certain situations so that it may be eliminated. Currently, Athena is focusing on implementing this technology to traders. They want to eliminate the ‘emotions’ from a trader when he is working. So that he may be completely logical in his trading. In the future, Athena has plans to integrate this technology in aviation, automotive, and corporate sectors.
How Athena Works
Athena monitors human traders using different instruments as they work. The collected psychological data is then compared with their trading results. Once a certain level of information about the person’s unique reactions are compiled and analyzed, Athena is able to affectively anticipate short-term future developments of their actions. To ensure protection and anonymity of the person, these data are stored securely in an encrypted Blockchain.
Development Plan Of Athena
Please beware that this plan is an estimation. The development plan of Athena is as follows:
February 22, 2017: The concept of the xAthena system was officially alive.
September 2017: The Athena lab was established.
October 12, 2017: The Crowdsale (ICO) of the xAthena was started.
November 29, 2017: The ICO will end.
November 30, 2017: The development of the xAthena system will start.
December 1, 2017: Token distribution will end.
4th quarter of 2017 to the 1st quarter of 2018: Athena will list its exchanges.
1st quarter of 2018: Development of xAthena for the automotive, aviation and corporate sectors.
3rd quarter of 2018: The beta stage of xAthena is estimated to be completed. It will be open to traders only. It will be closed to the public; and Athena’s licensed brokers will provide the xAthena technology to traders.
4th quarter of 2018: The final version of xAthena will be available for public sale; and The beta products for the automotive, aviation and corporate sectors will be completed.
1st quarter 2019: An audit will be held. The findings of the audit will be published in Athena’s website.
2nd quarter 2019: Final releases of the xHermes, xMetis, and xHephaistos systems.
The expected allocation of resources is set as follows:
- 35% of the resources will be used to develop the equipment, technology, etc. required to realize Athena;
- 30% of the resources will be used for operational costs (day to day costs);
- 15% will be used for marketing and sales of Athena;
- 15% will be used for legal services; and
- 5% is allocated to be used to promote the Crowdsale (ICO).
Athena Coin ICO
The ICO has already started on October 12, 2017. It will end on November 29, 2017.
The ICO price for 1 Ethereum is 800 Athena (ATN). 200 Million Athena (ATN) Tokens will be up for sale. 192 Million ATN will be used in the ICO. The rest, 8 Million ATN will be used in bounties, partners, and giveaways. All unsold Tokens in the ICO will be burned off.
The ICO will be observed in a total of 7 rounds. Their descriptions, dates, and bonuses are given below:
- Start date- October 12
- End date- October 15
- Bonus percentage- 40%
- Start date- October 16
- End date- October 20
- Bonus percentage- 25%
- Start date- October 21
- End date- October 25
- Bonus percentage- 15%
- Start date- October 26
- End date- October 31
- Bonus percentage- 10%
- Start date- November 1
- End date- November 7
- Bonus percentage- 6%
- Start date- November 8
- End date- November 14
- Bonus percentage- 3%
- Start date- November 15
- End date- November 29
- Bonus percentage- 0%
You will also get bonus ATN of 5%, when you buy more than 50 Ethereum. When you buy more than 125 Ethereum, you will get 15% bonus ATN. When you buy more than 500 Ethereum, you will get a bonus of 30% ATN.
You may also get ‘Early Bonuses’ based on how early you buy Athena Tokens and how much you buy it.
Athena Coin Conclusion
This is a very interesting and intriguing prospect. Storage, collation, and processing of a person’s reactions have not been yet done at such an enormous scale. This will either be a truly revolutionary step towards technology. Or it may crash like Icarus. But, it is probably the former. As it would not have reached to an ICO if the dream of Athena was not conceivable.