PredictionVC: AI & Big Data to Predict Cryptocurrency Markets?
PredictionVC promises to help you make smarter decisions by equipping you with “data that matters”. Find out how it works today in our review.
What is PredictionVC?
PredictionVC, found online at Prediction.vc, aims to predict cryptocurrency markets using artificial intelligence and big data analysis.
A test version of the platform appeared online in January 2018. That test version featured analysis of 1700+ cryptocurrencies, including cryptocurrencies for upcoming ICOs and more mature tokens.
PredictionVC was originally founded to provide predictions for the venture capital industry. The team noticed there was a shift in the VC industry “away from equity-based funding towards cryptocurrency token funding.” That’s why they were motivated to target the crypto industry.
What Problems Does PredictionVC Seek to Solve?
PredictionVC seeks to provide predictions for the token industry, helping crypto users make smarter decisions about their investments. PredictionVC was also motivated to create their product because they see problems in the venture capital industry.
“The venture industry, which is worth 127 billion dollars annually,” explains PredictionVC, “Is jarred by inefficiencies.”
Those inefficiencies include:
- Broken incentive fee structures, where venture capital firms receive an average of 80% of their fees from management fees based on the total assets under management. The remaining 20% come from performance fees from successful exits. This means VCs are incentivized to focus on increasing their assets under management instead of pushing for better portfolio performance.
- Lack of diversity across gender, ethnicity socio-economic groups, and experience. Investment partners within a VC firm make crucial investment decisions collectively. However, these groups are dominated by “male, white, professionally educated investment partners from similar career paths,” explains PredictionVC.
Due to both of these problems, PredictionVC believes the future of venture capital fundraising is in the cryptocurrency industry. Or, at least, ICOs are going to play an increasingly important role in fundraising.
The crypto market has its own problems. PredictionVC wants to solve problems related to bad data and inaccurate predictions in the crypto industry:
- Data is scattered across a large number of disparate sources
- Existing databases are missing substantial amounts of key data fields that are required to form the basis for sound investment decisions
- Many data sources are untrustworthy, and forums like Reddit or Twitter allow anyone to post anything with no controls
- There’s a prevalence of fake buy and sell orders and deceitful exchanges that corrupt industry transparency and create added risk
PredictionVC was motivated to create their platform to solve all of the problems listed above.
How Does PredictionVC Work?
PredictionVC’s core technology consists of a cryptocurrency data ingestion engine that collects, analyzes, and presents data from 50+ sources on 1400 tokens. PredictionVC uses artificial intelligence to score each token investment opportunity and leverage insights from a growing community of crypto traders.
The PredictionVC community is incentivized to provide research and analysis to the platform. Researchers are rewarded with tokens for their contributions to the platform. If you fill in missing data about a cryptocurrency, for example, then you’ll be rewarded with tokens.
The end result is a democratic token analysis platform accessible to everyone in the community. Users can see how their portfolios are performing relative to other traders. Users can rely on PredictionVC to provide unbiased insights into the crypto markets.
Using PredictionVC is straightforward:
Step 1) Visit Prediction.vc online today
Step 2) Search over 3,000 blockchain assets (cryptocurrencies and tokens) and 100,000 data points
Step 3) Apply filters and create custom criteria to narrow your search
Step 4) View information about a token, a blockchain project, or an asset, including information written by real analysts and information curated by artificial intelligence systems
PredictionVC Features and Benefits
Core features and benefits of the PredictionVC platform include:
For Researchers: Researchers can earn tokens by rating cryptocurrencies, reviewing cryptocurrencies, writing research articles, or adding missing data to projects.
Traders: Traders can use PredictionVC to track portfolio performance, synchronize with their favorite exchanges and wallets, and earn tokens based on financial performance.
Prediction Engine: PredictionVC aims to help users invest with confidence. The prediction engine is fueled with insights from top traders and AI systems.
Data Science: PredictionVC users can participate in data science competitions to help the company improve its prediction models. Users can earn tokens based on performance.
Virtual Trading: Try out new strategies and trade without real money. Compete across a leaderboard of top traders while trading with real money.
Who’s Behind PredictionVC?
PredictionVC is based in Wolverhampton, UK.
The company’s team includes venture capital investors, cryptocurrency traders and scientists who are “dedicated to helping our customers achieve exceptional financial results by strictly adhering to mathematical and statistical methods,” explains the official website.
Key members of the PredictionVC team include Joseph Charlesworth (CEO), Marc Thalen (CTO), and Cristian Gil (Strategy Officer).
PredictionVC is an analysis platform for the cryptocurrency industry. The goal is to incentivize a community of cryptocurrency analysts to provide information about various blockchain-based assets, ICOs, and cryptocurrencies.
A test version of PredictionVC launched in January 2018. Today, you can access the platform online at Prediction.vc.