Robo Advisor Coin claims to be the first robo advisor for cryptocurrencies. Find out how RAC tokens work today in our review.
What Is Robo Advisor Coin?
Robo Advisor Coin is a cryptocurrency that aims to create a better robo advisor ecosystem. The token sale for RAC tokens begins on November 24.
The developers of Robo Advisor Coin envision a future where all investment advice is “neutral, honest and never manipulated by human biases and beliefs.” Today, investment advisors have human biases. Some advisors have a conflict of interest. Investors need to carefully consider these biases to determine who they can trust.
Robo Advisor Coin’s developers have been working on the project since 2013. Their platform aims to provide daily forecasts from robo advisors along with more services, more analysis, more reports, and more original research than other investment analyst firms.
Robo Advisor Coin’s development is being led by SteadyWealth.
How Does Robo Advisor Coin Work?
Robo Advisor Coin is a platform that offers daily forecasts and cryptocurrency predictions. The platform will have reports, original research, in-depth analysis, and other information. Together, these tools provide increasingly precise forecasts on cryptocurrencies and any kind of security worldwide.
The platform uses blockchain technology to verify the authenticity, accuracy, and integrity of predictions made by the robo advisor engine. Forecasts are decentralized through the use of blockchain technology:
“We aim at building an innovative blockchain layer thanks to our distributed and real time price forecasts algorithms. We will design an innovative tool specifically designed for Miners, with the primary intent of delivering analytics designed to help optimize their production functions and profitability.”
RAC also aims to be the first provider of futures contracts on cryptocurrencies.
The Robo Advisor Coin algorithm already has a successful track record. The platform tracks 80,000 securities worldwide, according to the official website, and claims that “80% of our robo-portfolio recorded a positive return after the first year.”
They’ve been optimizing the algorithm since 2013. Today, their platform is fully driven by the power of neural networks. It’s a fully functional robo advisor that provides predictions with no human intervention. That robo advisor uses a database that goes back 15 to 20 years.
Ultimately, Robo Advisor Coin has an existing prediction platform. However, they’ve launched an ICO to develop that platform on blockchain technology. They also plan to offer cryptocurrency predictions and cryptocurrency futures, among other digital token services.
Robo Advisor Coin Benefits
Obviously, a number of robo advisor services already exist. What makes Robo Advisor Coin different from its competitors? Here are some of the key areas of distinction:
Simplicity and Ease of Use: Robo Advisor Coin aims to deliver a simple, intuitive, and profitable experience for subscribers. Whether investors have decades of experience, or they’re looking for an easy, newbie-friendly way to plan for retirement, Robo Advisor Coin’s platform aims to help.
Large Scale Adaptive Forecasts: Robo Advisor Coin’s forecasts use advanced AI technology to provide forecasts and analyses across a wide range of countries, markets, securities, and sectors. These forecasts are also adaptive, which mean that the AI will adapt to market changes in real-time.
On Demand Reports: Robo Advisor Coin aims to provide personalized, on-demand financial reports with advanced quantitative analytics and predictions “about virtually every security monitored.”
Unique Financial Universe: Robo Advisor Coin’s platform offers widespread, scalable, complex analysis of thousands of financial instruments in 30+ countries. These forecasts and reports “cover a widespread universe that is unique in its category.”
Who’s Behind Robo Advisor Coin?
The Robo Advisor Coin platform is being developed by SteadyWealth. The company has offices in Malta, London, and Rome.
Oddly, we can’t find much information about SteadyWealth available online – which is unusual for a company that’s supposedly been active since 2013. The company’s LinkedIn page lists the name of the company as “Bookiedom-SteadyWealth” and claims it was founded in 2017.
Key members of the SteadyWealth team include Edoardo Narduzzi (CEO and Founder), a serial entrepreneur who has founded 12 tech companies in the last 20 years and has created more than 2,000 jobs.
Other key members include Alessandro Lentini (CTO and Co-Founder), a data scientist with a background in computer science and AI.
Robo Advisor Coin Crowdsale
Robo Advisor Coin is launching a token sale for its RAC Tokens. There will be a total supply of 4,000,000 RAC tokens. The supply is fixed at launch, and no further tokens will be issued or created.
RAC are ERC20-compliant tokens.
50% of the initial supply of RAC (2 million) will be freely circulating, while 50% (the other 2 million) will be held in a “Treasury”. The Treasury is a company reserve. Of the 2 million tokens in the treasury, 800,000 RAC will be for the co-founders, 100,000 will be distributed among employees, 100,000 will be distributed among advisors, and 1 million will be reserved for the Robo Advisor Coin platform.
The goal of the token sale is to raise a maximum of 100,000 ETH and a minimum of 3,000 ETH.
The tokens are set at an exchange rate of 1 ETH = 28 RAC tokens. That rate rises to 1 ETH = 18 RAC above 15,000 ETH during the token sale.
The Robo Advisor Coin token sale launches on November 24 and lasts until December 24.
Robo Advisor Conclusion
Robo Advisor Coin is a blockchain-based robo advisor platform that aims to provide predictions across a wide range of securities and cryptocurrencies. The platform is being developed by a company named SteadyWealth, which has been optimizing their robo advisor algorithm since 2013. Today, the advisor claims to have an 80% success rate (which means 80% of trades made by the robo advisor are profitable within one year).
To learn more about Robo Advisor Coin, visit the platform online today at RoboAdvisorCoin.com. The token sale for RAC tokens begins on November 24.