Robo Advisor Coin RAC ICO: Decentralized Sports Betting Advisor?
Artificial intelligence has come a long way in the recent years. It was not many years ago when it looked like science fiction and many people never imagined that you could use artificially intelligent robots in the financial market, for instance. This is creating many new and interesting opportunities for investors which can afford this new technology.
To help our readers, we continually review many of these bots to evaluate if they can be a good investment for you or not. While the majority of them is not really very good, some are getting more results lately and it looks like this can be a more profitable market in the future. Today we are going to review RoBet Robo Advisor.
What is the RoBet Robo Advisor?
RoBet is an artificially intelligent robot which can predict the results of the betting and cryptocurrency markets. The robot has been in development by the company since 2013 and it has been promising interesting results lately if you believe the company.
The RoBet will use smart contracts to invest in sports betting and use its AI to handle the management of such a risky investment. You will also be able to use it to predict the value of cryptocurrencies in the blockchain market and also make a profit there.
This product will be available during 2018 and you will be able to use RAC (Robot Betting Coin) tokens to buy the license to use this robot and invest in these industries and markets.
How Does RoBet Work?
Basically, the RoBet platform will enable you to invest in three different markets: sports betting, cryptocurrencies and the traditional assets market. You will only have to make your account and use the company’s own cryptocurrency to invest.
If you want to bet in sports, you will be able to use RoBet to create your own sportsbook and define your odds using the AI. This will enable you to gamble using more than only your luck and skills and diminish your risks. You can also become a bookmaker in the system and set up an account to define the deposits and guarantees for other users and profit from this if that is what you want.
Not only you can bet, but you can use RoBet’s AI to see the odds of a certain number of cryptocurrencies being good to invest in the future and investing in them to make some profit for you. You will be able to use big data to define the best investments for you and to automate some of the tasks for investing.
Finally, RoBet can also help you in the traditional financial market using its analysis to help you to decide which investments are the best ones for you and how you can increase the value of your portfolio by investing in the right companies.
You will also be able to use the platform to gamble in the future, as it is currently planning to branch out and have games like roulette and bingo on the platform in the near future.
How to Invest in RoBet?
If you want to invest in RoBet and also help the company to improve the algorithms of the RoBet, you will have to participate in the Initial Coin Offering (ICO) and buy RAC tokens. The first phase of the ICO has already been made and finished at the time of this report, so you will only be able to invest during the second phase of the ICO, which is planned for the first quarter of 2018.
At the moment, the company did not disclose the prices of the RAC tokens in this new phase of its ICO. Because of this, you should follow our blog for more updates if you are interested in investing in RoBet and you want to improve your profits by investing in this company while the prices of the tokens (and, consequently, the service) is still very low compared with that it will be in the future.
The RoBet Robo Advisor Coin RAC ICO Verdict
Is RoBet the perfect investment for you? We would not say that, but it can certainly be an interesting asset for some people. First, we have to warn you against trying to automate your whole investment process. No trading bot is perfect and you can always have the risks of losing your money if you do not invest in the right companies because you let the robot do the work for me.
RoBet might be interesting, but you should not let it do all the work. The information provided by this bot can certainly be precise but it would be a mistake to trust it 100%. Because of this, only invest in RoBet if you intend to use it as a tool, not to replace you as the primary investor.
If you are interested in the services provided by RoBet, feel free to invest in the company and buy the RAC tokens that it is offering. RoBet seems like an interesting software and it might bring interesting results for you in the future. You only have to be aware that complete automation of investment without big risks is something that robots cannot make yet.