In the simplest explanation, Magos is a forecasting model that makes use of AI and neural networks combined with investment pools. The goal is to have strategic forecasts to include in both prediction and sports books markets. The model, which was open tested earlier this year, showed a significant forecasting edge that can be verified by anyone.
The fund uses this edge to generate profits from multiple platforms including prediction markets and sports books. You can share in on the profits, by participating in a crowdsale which opened on August 16th, and will be distributed among the holders of MAG tokens through a dividend model.
How Does Magos Work?
Magos creates the model by using blockchain technology and neural networks. It is a software that essentially stimulates the biological brain in hopes of learning from and recognizing data patterns. It is forecasted that in the future, similar patterns will be used to predict the outcome of a wide array of events.
Magos happens to be a complex, scalable model based on five neural networks. When these networks work together, they have the power to accurately predict the outcome of various events. It does this much better than most individuals or systems out there.
The five networks include:
Melius – network that auto-tunes various hyperparameters, basing adjustments on overall MAGOS performance and changes of external environment
Ariolus – network that combines the output from all other networks and makes an accurate prediction, based on multiple data layers
Galaxia – data mining and classification network with noise reduction. It feeds information to higher-level networks. Smart plugins collect data from APIs, web and other sources
Obelus – network that employs various rulesets and add-ons, such as volatility evaluation, information sufficiency or malicious activity detection, allowing avoidance of high uncertainty level events
Strategus – risk-management network that maintains optimal investment growth.
About The Magos Initial Token Offering:
The Magos crowdsale that opened on August 16th presented a strictly limited supply of 38,595,000 tokens which could be purchased with Ethereum and Bitcoin. Also, the earliest contributors received a discount on their MAG tokens purchase. Being a token holder grants you access to a share of the profits generated by the fund. This share will be proportional to the amount of tokens a person holds. In addition, the tokens grant special voting rights. This allows the holders to have influence over the fund’s parameters and projects under development. ERC20 standard MAG tokens can also be traded on exchanges.
Magos is composed of a very talented team of data scientists whose aim is to significantly change the forecasting landscape. They expect to do this by building the ultimate forecasting tool by using the advancements in AI and machine learning. These advancements are integrated into a wide variety of platforms. The goal is to allow anyone to share the success of AI in the field of forecasting. This project already has a functioning model; this model has been active since 2015 and it has been extensively tested.
It is only a matter of time for prediction markets to become a disruptive force in economic innovation. This can be accomplished by offering this amazing monetization opportunity to the masses. That’s why they have opened the toke sales. You can participate and get your share of MAGOS by visiting their website.