Daneel – Cryptocurrency AI Trading & Investing Bot Assistant?
Daneel, found online at Daneel.io, claims to be the first AI created to help cryptocurrency investors. Find out how it works today in our review.
What Is Daneel?
Daneel is an artificial intelligence platform designed to help you make smarter investment decisions. You access Daneel through a mobile or desktop application. Daneel can manage your cryptocurrency portfolio and trading accounts. You can ask questions through a messenger interface, or sit back and let algorithms handle your investments.
Overall, Daneel aims to be your future daily assistant. It’s a personal assistant app based on IBM’s Watson AI.
How Does Daneel Work?
Daneel collects, processes, and analyzes raw data from a wide variety of sources using IBM Watson. This allows Daneel to deal with large-scale data sets with intensive hands-on cognitive development.
Daneel can also get insights from blockchain and cryptocurrency data. It can identify insights from structured and unstructured blockchain and cryptocurrency data, for example. It can also extra meta-data from content like concepts, news, keywords, sentiments, emotions, relations, and semantic roles.
Like IBM Watson, Daneel has a natural language understanding tool for advanced text analysis and emotional data collection. It’s able to analyze the way people really speak online – not the way we formally speak.
As an example, you can open the Daneel app and ask it a question like, “What is Bitcoin Cash? Can I buy it?” Daneel might respond with a basic overview of what Bitcoin Cash is, including its official website and development goals, as well as places you can buy Bitcoin Cash.
Alternatively, you can ask an emotional analysis question like, “What do people think of Ethereum?” Daneel might use its natural language analysis tools to gauge the emotion of the community towards Ethereum. Daneel will retrieve and analyze messages posted on social networks like Twitter, for example, to determine the prevailing feeling towards Ethereum.
Overall, Daneel searches, browses, collects, and analyzes different sources of information available from a wide variety of online channels. It sorts through all of this information to only deliver the information that’s most relevant to your current needs.
How can you ensure the data is accurate? How do you know when to trust Daneel at face value – and when to research a topic more deeply? Daneel displays a trust rating for each cryptocurrency. Daneel uses a specially developed algorithm to calculate a trust rating out of 10 based on all information gathered. This score out of 10 will reflect the reliability of the currency at a specific time.
Daneel advertises all of the following features:
- Available through mobile and desktop applications
- Easily manage multiple trading accounts and cryptocurrency portfolios
- Follow investments in real time and place orders by following smart advice provided by Daneel
- Test your knowledge by answering various questions about blockchain, cryptocurrencies, legal regulations, and more
- Share your knowledge and get rewards; users can observe and follow the investments of experienced investors, for example, and traders who are most appreciated by the community will receive a reward in DAN tokens
Who’s Behind Daneel?
Daneel is made by a Tallinn, Estonia-based company named Daneel Assistant.
Key members of the team include Joseph Bedminster, CEO and founder. Bedminster specializes in software engineering and has previously worked for companies and startups in France on a freelance basis. He co-founded a startup called Bonanza and secured the position of Chief Technical Officer. Bedminster also previously worked at IBM, where he initially discovered Watson’s services.
Other key members of Daneel’s team include Florian Munoz (Director of Strategy and Marketing), Samir Rinaz (Strategy Advisor), and Selim Rinaz (Technical Director).
The Daneel Token Sale
The Daneel token sale for DAN Tokens began with a pre-ICO from December 4 to December 8. The exchange rate is set at 1 DAN = 0.25 EUR during the pre-ICO. Daneel is accepting a wide range of cryptocurrencies for the ICO (most of the top 10 by market cap).
The main ICO is taking place from December 27, 2017 to January 24, 2018.
There’s a total supply of 100,000,000 DAN tokens, with 5 million (5% of the total) available during the pre-ICO. There are 40 million tokens (40% of the total) available during the general ICO. The remaining tokens are split among the company reserve (25%), team reserve (20%), early investors (5%), and bounty programs (5%). No new tokens will be created after the token sale.
The DAN token is an ERC20 token built on the Ethereum blockchain. The primary role of the token is to purchase digital services on the Daneel ecosystem.
Have you ever wondered what IBM Watson could do for crypto investment analysis? Daneel is the answer to that question. Daneel uses IBM Watson to gain insight into blockchain and cryptocurrency data. The software functions as a personal assistant, helping you get further data about specific cryptocurrencies or giving it a hands-off approach to crypto investment management.
The platform is catered to a non-professional audience, including beginners, intermediate users, and experienced users.
To learn more about Daneel and how it can manage your crypto investments, visit online today at Daneel.io.