icoTokenReviews about Cryptics:
PreICO Price 1 QRP = 0.001 ETH
Ico Price 1QRP = 0.001 ETH
Pre-sale It will have limited number of pre-sale whitelist applications for only 25K participants out of which 22158 are already taken. (9th May 2018 — tentative)
Token Sale The Token Sale will be launched 48 hours after the number of Presale Whitelist applications is exhausted.
Soft cap 4,000,000 USD
Hard cap 20,000,000 USD
Restricted areas USA, China
Tokens for sale 66,000,000
Bonus Day 1 no entry without deposit 35%
Day 1 no entry without deposit 20%
Day 2–7 25%
Day 2–21 10%
Day 8–15 20%
Day 22–29 5%
Token Supply Breakdown Market — 66%
Founder, Advisors & Partners — 31%
Bounty — 3%
WHAT IS THE PROJECT ABOUT?
• Cryptics is the world’s first public crypto analytics based on AI.
• It will relate to the academic community to stimulate scientific research in the field of AI, as well as contribute to the further development of the blockchain technology and community.
• They believe that stabilizing the crypto-markets and making them more efficient will attract more people for mutual benefit.
• Cryptics is a platform that identifies the problem of stability lack in cryptocurrency. And it can be solved by increasing the security and trustworthiness of crypto spaces by the implementing the following methods: making the structures transparent, in order for merchants and partners to see the internal structures of a platform, which combines all of them and relate it to each other and to the science community.
• Cryptics have already released their minimum viable product (MVP), which offers necessary instruments for alleviating the situation with uncertainty and becoming a functional product on the crypto-market.
• Its advantages are as follow:
o High frequency trading forecast, intra-day and day-to-day forecasts with high accuracy and a profit & loss calculator.
o The analytical part indicates that crypto-asset value is largely formed by hype, social behavior and speculative factors that propagate in a viral manner throughout the internet.
o Technical analysis is also integrated into their algorithms as AI forecasts indicators such as RSI, MACD, Bollinger bands, Ichimoku, SMA, EMA and etc.
WHITE PAPER HIGHLIGHTS:
• Today there are more than 1300 crypto-assets in the world, and the number of new crypto-assets is growing by more than 3 times a year.
• The number and the volume of transactions is growing fast.
• High volatility also means high potential profits and, hence, the strong interest from retail investors, who are willing to take on the accompanied risks. For example, just in the first two quarters of 2017 prices of Ethereum and Bitcoin in dollars have increased by 3500 % and 165 % respectively
• They believe in diversification and healthy competition, so our global goal is to increase the safety and reliability of crypto-markets through the implementation of these principles.
• They are going to achieve this goal, providing transparency and understanding of inner mechanics to traders, investors and traders, and a platform, which connects all of them to each other and to the science community.
• Miners will be able to decide on which crypto assets they need to focus their resources, traders will be able to get more leverage by providing their services to the CRYPTICS community and investors will get effective tools for short-term and mid-term investment options.
• The uniqueness of the platform is that it is going to fill the gap between knowledge and funds.
Their platform combines 4 modules:
o Forecast: The crypto-markets are very new, the factors that drive prices are coming from very different sources, so the algorithm uses the method of Artificial Intelligence (AI) such as Machine Learning (ML), and specifically Deep Learning (DL), in order to combine quantitative (e.g. prices) and non-quantitative (e.g. news) data to come with a stable and reliable prediction.
o Auto-trading module: It offers immediate execution of the forecasts on the crypto-asset exchanges of customers’ choice. It also includes a constructor of trading strategies where CRYPTICS newcomers can quickly get acquainted with CRYPTICS services and combine them in the profitable trading strategy. Auto-trading engine has an integrated stop-loss option that gives customers another layer of security and allows to CRYPTICS users to adjust key trading settings such as crypto-asset that is up for trade, trade-pair, value of each trade, frequency of execution and a risk profile.
o Funds: They plan to bridge the gap between the knowledge and capital by providing traders with an opportunity to run their strategies on the CRYPTICS platform. They will invest in robust and stable infrastructure to ensure fast and stable connectivity to the market. They welcome any kinds of trading strategies: their profitability and risk profiles (Sharpe ratio, draw-down, tail risk etc.) will be outlined for the customers to choose from.
o Research: They plan to organize contests dedicated to tackle practical AI and Data challenges. They will reward best solutions, both closed and open-source. Apart from that, they are considering the creation of a non-profit platform for academic community to share knowledge and experience through free webinars, courses, etc.
• Their revenue is going to be based on two main sources of income:
o In the beginning the revenue is going to be mostly coming from their forecast engine. The forecasts will be provided as a subscription service, priced on their accuracy, time horizon, number of currencies.
o At a later stage, with attraction of fund managers and traders to their platform, a new revenue stream will come from fund managers, as a small percentage over their profits and/or turnover.
• They are expecting to reach the amount of 88.000 users by the year 2021 with an average revenue per user (ARPU) of 1.084 $.
• The tokens will be used as a reward for various acts of development, research and distribution of information and customers will be able to develop, implement and back-test their trading strategies.
• Cryptics are not going to create its own fund, due to the potential conflict of interests with our clients. Instead they will offer to their users:
o The possibility of creating private funds, to get capital support from other token holders, and manage these funds or just their own portfolio in order to increase profits.
o Each user can publicly open his portfolio, as well as share it with other users, while earning a percentage of the profits from transactions made within this portfolio as a reward.
• 21.8K telegram users, 6.3K Facebook followers and 8.9K Twitter Followers.
• 4.1 Ratings as per ICO bench
• It has only 29k views on YouTube so far.
LONG TERM ASPECTS:
• They have started working on this project since 2016, so they have put in the ground work before starting with the ICO.
• Predictions for shorter time horizons to provide the aid for high frequency traders.
• Failed KYC and uncertain on if this structure would be considered a security in some jurisdictions.