Cryptics CRP ICO: Smart Cryptocurrency Analytics Platform?
As is clear for everyone to witness, in the past couple of years, cryptocurrencies have flourished and opened a lot of doors for digital innovation within the blockchain.While initially conceived of as a means of facilitating payments, crypto assets have now moved far beyond the realms of simple monetary transfers.
Additionally, the blockchain has also completely revolutionized the way startup owners are now able to raise money for their business ventures. For example, statistical studies have shown that between the years 2016 and 2017, ICO’s were able to raise a staggering sum of $2bn.
About Cryptics CRP
Simply put, Cryptics can be thought of as a blockchain based platform that helps “unite investors, traders and quantitative researchers” so as as to allow them to gain profits from various different crypto markets across the globe. According to the official company website, the developers at Cryptics have come up with their own “AI prediction module” that has the neural capabilities to generate predictions that are 64% accurate.
More About the Prediction Model
The Cryptics platform makes use of an AI model that is able to make general value forecasts for various cryptocurrencies (via the use of patented algorithmic structures). In addition to this, the AI also makes use of variables such as:
- Time period gaps
- Market movement and shifts
- Value volatility
As a result of factoring in the aforementioned data, Cryptics is able to deliver value predictions that are quite accurate and reliable. Lastly, according to the company whitepaper, the company already guarantees a prediction accuracy of “64%, one day ahead”. However, they are looking to revamp their AI structures so as to improve their accuracy levels upto 75%.
Why Should I Choose Cryptics Over Other Investment Tools?
(i) Long term forecasts:
While other investment platforms usually aim to deliver ‘short term value information’ in regards to various digital currencies, Cryptic has been designed to deliver broader forecasts.
(ii) Multiple data sources:
A major shortcoming of conventional investment tools is that they only consider qualitative market data to make their value judgements. However, Cryptics has been designed to also take into account data from sources such as
- Social media networks
- Macroeconomic indicators
- Leading market/ financial analysts
Cryptics provides its data analysts with incentives to solve pertinent problems related to ML and DL that are currently plaguing various cryptocurrencies today.
(iv) Private Funds:
A major advantage of using Cryptics is that it provides all of its customers the ability to create “decentralised private funds”.
Cryptics CRP ICO Token Details
To raise funds for the development of its platform, Cryptics will be launching an ICO that is scheduled to start sometime in the 1st Quarter of 2018. The currency will be called CRP, and will be used for monthly payments within the parent ecosystem. At this point, it should also be mentioned that there will be a total of 66,000,000 CRP for sale in total.
In terms of the pricing of this token, we can see that 1CRP=0.001 ETH.
The distribution of tokens will be done as follows:
- 66% of the entire currency pool will be made available during the Pre sale and ICO.
- 31% of all tokens have been reserved for the founders and advisors of the company.
- The remaining 3% will be used for the creation of a bounty.
Allocation of Budget:
- 50% of the funds will be used for further product development.
- 20% will be used to cover for operational costs (i.e pay employee salaries etc).
- 25% of raised revenue will be utilised for further marketing of the Cryptics platform.
- The remaining 5% will be used to cover for legal costs.
Who is Behind Cryptics CRP ICO?
This project is the brainchild of Stanislav Maer. He is the CEO of Cryptics and also takes care of the marketing side of things. He has been in the digital field since 2006, and has previously headed companies such as Search-n-Convert and TyresNet. Similarly, Oleg Tereshenko serves as the co-CEO and strategic advisor for the company. His past work experience includes serving as the head of various blockchain ventures (since 2010).
To get in touch with Stan, potential investors can shoot him a message on this FB page. Alternatively, they can also email company representatives on the address outlined on the “contact us” page.