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Cindicator. Why are we excited about its future and why you should take a note?

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There are few projects out there that have great use case for blockchain.  And very few that have use case for their tokens.

Cindicator meets use case for both blockchain and the tokens.

This project has been on our radar since its ICO stage.  The way the ICO was handled without pulling a pre-sale bull and giving opportunity to as many contributors as possible set this project in the right rhythm from the get go.

They run monthly contests for people to share their knowledge, as of this writing, there were 100,000 contributors on Cindicator platform.

How does Cindicator predict the future?

Cindicator gets its name from Crowd Indicator.  At the time of this writing, there are three layers that are fed into the Cindicator engine.

Human contributors are the first base layer of the Cindicator machine.  People, like you and me, can join the forces with 100000s of contributors by downloading the app and answering the questions that are posed on the app.  Based on the accuracy of your predictions you will get points and rewards during each cycle.

The data from these contributors is then clustered into various categories.

Second layer involves applying linear regression models to the data that is categorized from first layer.  There are about 20 models running at this time.

Neural network forms the third layer which works on top of the 20 models from the second layer.  Neural network continues to learn from the data that is spit out of these models and then apply machine learning (AI) that quickly sorts the accuracy.

Each prediction is compared against the result.  This information is then fed back into second layer and third layer to further the learning of the system.

A perfect meaning of hybrid intelligence, amalgamation of human intelligence, mathematics and AI based machine learning is what makes Cindicator unique.

How accurate is it?

We have to understand that Cindicator is still in early stages of collecting and collating data, algorithm is evolving each day and the neural network is just getting into gear.  Even in such an infancy, they had an average accuracy of (Between January 2017 and June 2017) over 49%.  Remember, June 2017 was about a year ago.  They are continuously updating the platform and adjusting it for the changing complexities and variables.

The predictive analysis tools that Wallstreet uses costs billions (yes, billions) and only spits out 40% accuracy.  Funny thing is, access to such information is centralized and is kept with big players only.  Cindicator is completely decentralized and gives access to data to token holders.

Rare access to Wall Street money

Recently, Cindicator announced that their CTO will be speaking at Tedx Fidelity event in Hong Kong.   While at the event, Yuri is scheduled to talk to the senior management at Fidelity.

This hints to what might be ahead of Cindicator.  As the Wallstreet players set their foot into crypto space, Cindicator will play a very vital role for these deep pockets.

While no one has ever even hinted or thought about this, we will go out of our limb and say Cindicator maybe one of the projects that could potentially be taken over by a big player and try to make its access more centralized.  Even if those that acquire Cindicator don’t centralize, if they can buy out the token holders one by one, there will be few that have access to the intelligence that Cindicator can offer and those that manage to keep their access may benefit along the lines of big players.  Of course, this is pure speculation from us, but it is not a stretch IF Cindicator delivers on their plans and emerges as the leader in the AI enabled predictive analysis space.

How does the Cindicator token gain value?

Cindicator offers access to the amazing market intelligence data based on number of tokens one holds.  These plans include:

A special mention is needed for Cryptometer 2.2: “The Cryptometer 2.2 measures prices across multiple exchanges to anticipate and detect early signs of cryptocurrency market volatility and provides you with real-time price movements on your selected crypto assets.”  Cryptometer 2.2 requires 1 million tokens and will be amazing tool to have at the disposal of those that are dealing in millions or even billions in crypto space or traditional stock space.

While there are 1.4Billion tokens in total, when the platform gains popularity, there will be so much demand to gain access to the predictive data that getting hands on token could prove rather expensive.

For instance, if we assume all the 1.4Billion are used up by each package then there can be only 280,000 Beginner packages (5000 tokens required) OR 46,667 Explorer packages (30,000 tokens required) OR 7000 Trader packages (200,000 tokens required) OR 2000 Expert packages (700,000 tokens required) OR 1400 Cryptometer 2.0 packages (1 Million tokens required) that can exist.  These are elite numbers when you consider how many individuals are already in crypto space and how many more will join this in the coming years.

If Cindicator’s predictions achieve more than 50% overall accuracy rates, these limited seats could create exponential demand for Cindicator tokens.

Where is Cindicator headed?

Once Cindicator achieves a reliable and consistent predictive analysis stature, they will introduce a direct trading integration on the Cindicator platform.  To be fair, this feature is already available for Cryptometer 2.0 token holders.

Imagine a time when a platform that can predict 50-70% or more accuracy starts auto-trading your funds and it wins most of the time.  It is like putting $1000 on auto-pilot and coming back to see that your funds have multiplied manifold in a matter of month.

Hypothetically, if you are given access to a platform that can turn your $1000 into $100,000 in a year, how much are you willing to pay for such access?  What if you are sitting on a billion dollars and want to throw a million to experiment with such a platform?

Think about those questions because those would be real questions that people and big players will be asking themselves in a very near future.  When that happens, things will get quite exciting for Cindicator in our opinion.

Of course, we are not saying this will happen today or not even in a year but it looks like a matter of ‘when’ rather than if, for Cindicator.

Caveat and conclusion

Of course, anything can happen in the crypto space.  There can come a project that is backed by a Fortune 500 giant with direct access to Wallstreet and unlimited resources and throw Cindicator out of water.  Or, their algorithm may be made redundant and is not as accurate as we thought it would be.    These and other risks that we may have not thought of might exist which could prove detrimental to Cindicator.

However, barring those pessimistic probabilities, we are pretty excited for Cindicator and the promise of bright future it holds in crypto space.

Whitepaper: https://cindicator.com/Cindicator_WhitePaper_en.pdf

App (iOS): https://itunes.apple.com/us/app/cindicator-earn-money-by-predicting/id1050619919

App (Android): https://play.google.com/store/apps/details?id=com.cindicator

Web Application: https://app.cindicator.com/

Buy upto price: Available at QRIP.  Access FB group to view.

The HODL period:  Available at QRIP.  Access FB group to view.

Anticipated gains: Available at QRIP. Access FB group to view.

CryptoTapas is an initiative of creators of QRIP group.  QRIP group is FREE to join.

Do your own research before investing. Crypto space is very volatile, don’t invest more than what you can afford to lose.  Opinion, not an advice.

Stay in touch with us at: | |

Sources:

https://cindicator.com/

https://www.youtube.com/watch?v=jvGcgpraPXU&utm_campaign=website&utm_source=Email&utm_medium=email

CryptoSpace

5 questions we want XRP army to answer!

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xrp investing news

What follows is our opinion.  

Let’s not be hostile.  

Top 5 Cryptocurrencies 2020

We are simply posing some questions based on the information we came across and our own limited interpretation. 

It is quite possible that the sources we are referring to are at fault or our interpretation is. Either way, just answer these questions for us so that we can learn new things about XRP that we did not know.

Our readers know that we have been anti-XRP for a long time. We got trolled, mocked and called ignorant. Well, to each their own.

Our questions to the entire XRP army are simple, here they are:

Question 1: If crypto was to replace (or at least reshape) the entire banking business then what does a token whose sole business model is based on ‘accommodating’ banks have any future?

To put differently, when the world starts conducting commerce via text messages why do we need banks and Ripple which wants to serve banks?

Our basis for this question: 

In the future when we will start doing business with each other over text messages, wallets and email signatures, why do we need a payment gateway from Ripple?

We know that WeChat payment enables users to transact over chat.  Other companies are trying to catch up with this (primarily why Facebook was looking at creating its own currency, Libra).

However, once we have a digital dollar, we do not even need an outside stablecoin since one could, in theory, use the digital dollar directly.                  

Question 2: Why do you have to pay businesses to use XRP if it is so superior?

Our basis for this question: 

Financial Times reported that Ripple paid Moneygram to use Ripple technology.

Here is a direct quote:

It turns out Ripple has been paying a significant amount of subsidies cash to MoneyGram’s business since buying into the company in June. In the third and fourth quarter alone the Ripple benefits amounted to $11.3m.

What’s more, until a consultation with the SEC**, MoneyGram had been more than happy to book these cash flows as revenues. Due to the SEC guidance, however, it has now had to restate fourth-quarter guidance to account for Ripple payments as “contra expenses”.

XRP Twitter

Question 3: What is Ripple’s revenue worth without the ‘selling’ XRP?

Our basis for this question: 

The question seems to be answered by the XRP’s CEO himself. Here is an excerpt:

Asked if XRP was keeping everything cash flow positive at Ripple Labs, Mr Garlinghouse answered: “Well XRP is one source. I don’t know how to answer that because if you took away our software revenues, that would make us less profitable. If you took away all our XRP, that makes us less profitable. So I don’t think about it as one thing.” 

He clarified later: “We would not be profitable or cash flow positive [without selling XRP], I think I’ve said that. We have now.”

In our opinion, we think that the only reason Ripple (XRP) is even operational is because of the billions upon billions of XRP tokens that they keep dumping on the unassuming investors.  

Is this a wrong assumption?

Question 4: If Ripple does not need XRP, why is XRP needed?

Our basis for this question: 

This is based on our understanding that Ripple’s technology can be used by the businesses without having to use XRP.  It is recommended but not ‘required’.

Is this accurate?

Ripple’s solutions can work without XRP (its native token).  So, if XRP is not a utility token in strict sense, how are its creators able to mint and sell them at will without tripping any security laws?

Question 5: If Ripple [XRP] is to act as the ‘stable’ value while the transactions take place on Ripple network, why should anyone trust XRP which is backed by nothing instead of stablecoins like USDC that are backed by real world assets?

Our basis for this question: 

We would personally trust USDC more or even Facebook’s Libra rather than XRP which is backed by nada.

This is what Demelza’s opinion was during our interview:

“The main point is that if XRP were able to back their currency with financial assets and stabilize the purchasing power of the currency, then that would mean XRP coins should have no price appreciation. In fact, only the equity shares of Ripple Labs would profit from XRP’s adoption as a global reserve currency. But Ripple Labs is a privately held company. After fully understanding what XRP is, one realizes that XRP’s investment pitch does not make sense at all.”

Conclusion

We are trying to convince ourselves as to why we need Ripple in the crypto space if:

  • Future of payments is going to be ‘self-bank’ & over the chat
  • There are better stablecoins in the market 
  • Ripple itself as a technology doesn’t need its own native token, XRP

For this very reason, our opinion is that the money will flow out of XRP and the creators will keep dumping their bags into the market until the market can no longer absorb it and then it will be ‘lights out’.

We await for the XRP army to provide us insights that we did not know and our opinion changes…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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DeFi is Not the Holy Grail of Crypto, Here is Why

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Defi Yfi

DeFi has been making millionaires overnight and turning millionaires broke at the same speed.

Those who are on the bandwagon are rejoicing and those who either missed out or got burned by one of the fake projects are yelling ‘Scam’ at DeFi.

Top 5 Cryptocurrencies 2020

Our views are a bit different on the subject.

We do think DeFi is going to be a successful vertical among the blockchain (and crypto) solutions.

It will not be THE holy grail for the redemption of crypto status though.

Supply Chain, Crypto Lending, Insurance, Financial Services, Accounting, Identity, and many more verticals will collectively take blockchain and crypto to the masses.

Shifting our focus back on DeFi, here are some of our thoughts on the current state of DeFi. We do appreciate you dropping any insights you have that we might have missed.

DeFi is not a ponzi, here is why

If the DeFi project you are eyeing meets the following conditions, it is not a ponzi:

  • Audited code: Is the code on which DeFi runs is audited by reputable blockchain auditors? 
  • Reliable team: Who is behind the project? Do they have the know-how? Do they have a history of running scams or leading successful projects? 
  • Actual (sustainable) revenue model: What is the revenue model?  Is it too ‘scammy’ sounding or is it based on sound mathematical (and algorithmic) models?
  • No lock-in periods: Is it easy to get in and out of the platform without any restrictions or lock-in periods?

If you answered yes to ALL of these questions then there is a 100% certainty that the DeFi you are dealing with is not a ponzi (or scam).

However, a caveat is due here.  

Just because the project is not a ponzi doesn’t guarantee its success. Lot of well intentioned companies fail, that’s just the nature of business.

So, do not be one of those guys who sells their home to invest in crypto or DeFi (and that itself is not advice, just an opinion).

If you don’t want to hear it from us, listen to what Yearn Finance creator has to say about DeFi tokens (not all, obviously) having ZERO value.

Source: Crypto Culture

DeFi on Ethereum is not sustainable, here is why

Ethereum DefiMost, if not all, DeFi projects that are making the news today are on Ethereum. 

Ethereum is not a reliable blockchain when it is overloaded.  It gets choked and crashes.  

People are already complaining about exorbitant fees on the network due to the DeFi craze.  

DeFi itself as a crypto vertical is quite new and we are sure there are going to be a lot of ‘killer apps’ that will show up on the scene.

We are currently looking at the DeFi solutions that are being built on other blockchain networks (subscribe for free to know when we post that article).

PolkaDOT is not the end all be all, here is why

Polkadot Defi EcosystemMany are turning to the DOT as the next big thing after Ethereum.

It may very well be.

However, it has not had the chance to prove itself, not yet.

Ethereum’s resilience (or lack thereof) was revealed only during the ICO craze (and then later during CryptoKitties debacle).

What monsters lie in the DOT’s belly?  We don’t know and we would be weary of anyone who claims to know with certainty.

Other things to consider

Entire DeFi space is pretty new and we do not know what we do not know about potential vulnerabilities.

While this is true of Bitcoin itself, Bitcoin has withstood assault for over a decade and still stands stronger.  

Same cannot be said about DeFi.  

Can you imagine someone investing their life-savings into DeFi only to have funds taken because of a bug in the code?

Needless to say, many folks are exploiting the looping system in the DeFi where they take loan against their deposit then lend it back to the platform to take another loan against their deposit, and ad infinitum.

This is causing the DeFi systems to show more liquidity than what truly is.

Conclusion

We think DeFi is an exciting development, however, we still put it alongside ICO craziness for now.

When this space matures and we see reliable solutions emerge – DeFi has the potential to drive a trillion dollar vertical on its own.  

That is just the potential, all the trials and tribulations that we have to go through to get there is going to be one hell of a ride.  

So buckle up and enjoy (and please do not lose your shirts on the ride)!

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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These forgotten gems could resurge during this bull run

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Forgotten Crypto Gems

Forgotten Crypto Gems

Disclaimer:  We own few of these tokens and there is no guarantee that these coins will actually resurge. Everything you are about to read is an opinion.  Our intention is to put some projects that have taken the backseat in recent times.

If you are curious as to why we give away so much for free – please check this Crypto Freebies page.

Top 5 Cryptocurrencies 2020

Crypto market is quite weird.  

It deceives the onlooker as if it’s learning from its past mistakes but it’s really not.

For instance, during the 2017 ICO craze, anyone could pitch any half-assed idea and raise millions from unassuming investors.

This bull run in 2020 is all about DeFi and Data Oracles.

Just slap ‘DeFi’ to any project without an actual product or even a single line of code written and you will make a boatload of money.

Because the ‘pump and dump’ practices are not closely monitored in the crypto space, many YouTubers are dumping their bags on their viewers.

It is so blatant that the YouTuber will start out saying “I loaded my bags with this” and then go on about all the mooning stuff and throw in a small disclaimer somewhere and voila. 

They make hundreds of thousands or even millions each day. And we are not exaggerating about that.

You contrast that with what you find here.  

We are giving away all the information we are digging up for free (including our Top 5 tokens for the next decade that we hope will 100x).  If you are curious as to why we give away so much for free – please check this Crypto Freebies page.

We recently started the microcap gems series where we are looking to dig up projects with a decent team, an actual product and lower market cap (usually under $5 Million, sometimes even less).

Because of the $$ limit on the microcap gems, there are some projects that we couldn’t cover in that series.

However, we wanted to float these projects in front of the discernible audience (and newbies who may not have looked into these).

This article’s sole aim is to ‘point’ you to these projects. It will not be a deep dive and as always we encourage you DYOR before investing.

Dragon Chain

Dragon Chain price prediction“Dragonchain is an enterprise and start up ready platform to build flexible and scalable blockchain applications.”

Like most projects we pick, Dragon Chain has solutions ready for business today.  This is not a pipedream or a 15 year roadmap.  That is why we think this is a forgotten gem.

This project is still going strong in the background in terms of development and traction.  They released a video in August about how their anti-fraud and transparency proof systems are used by an exchange.

Website: https://dragonchain.com/

Ticker: DRGN

ATH: $5.27

ATL: .02

Current Price: $0.079

Cindicator

Cindicator CND price prediction

“Cindicator builds predictive analytics by merging collective intelligence and machine learning models. Cindicator’s analytical products are available exclusively to holders of CND tokens.”

Market pays top dollar for prediction data.  Cindicator is one of the first projects to build an AI based market intelligence platform on blockchain.

Cindicator boasts over 135,000 analysts from over 135 countries.

In our opinion, Cindicator is a viable project, although it has not gained traction.

Website: https://cindicator.com/

Ticker: CND

ATH: $0.347

ATL: $0.002

Current price: $0.011

FunFair

Funfair Price Prediction

“FunFair is a revolutionary blockchain technology platform that provides low cost, high quality, transparent casino experiences that are Guaranteed Fair.”

The space that FunFair is targeting is a massive one and is expected to grown even more in the coming years.

Ticker: FUN

ATH: $0.33

ATL: $0.0010

Current price: $0.0052

This page will be updated with future ‘forgotten gems’, so please consider subscribing

Acronyms used: 

ATH: All Time High

ATL: All Time Low

DYOR: Do Your Own Research

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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