Ico Start Date: 26-Mar-18
Ico End Date: 26-Apr-18
We are Cryptics - the world's first public crypto analytics based on AI. Our mission is to give any person, whether it`s an investor, an export or a novice market participant, an ability to find key information based on which it will be easier to take most relevant decision regarding mining, buying or selling the cryptocurrency and creating portfolios of cryptocurrencies. We also offer an infrastructure for creating funds for successful traders not matter how small they are. Finally, Cryptics 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.Platform
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 provides efficient and stable markets profitable for everyone, proving its efficiency on fiat markets. Participants will be able to choose a certain digital asset to concentrate on; merchants will have an opportunity to get more profit, offering their services to the Cryptics team. The uniqueness of the platform is that it is going to fill the gap between knowledge and funds. Their use of tokens is built to finance the improvement of the space and to attract an attention of qualified people to make the trustworthy product. Investors will receive high-efficiency toolkit for short-term and mid-term investing options.
- Development of the Cryptics idea - Research work - Data collection
- Testing the mathematical models - ML&DL testing on collected data - First forecasts - Adding the news and social data sources - Team hiring - AI conception
- Token and wallet development on Ethereum basis - Enlarge the team with experts in ML&DL, UX, Marketing, Business Development - Prepare ICO (Whitepaper, Website, Marketing) - Hello World for the MvP in Nov. 2017
- Tokensale Q1 2018 - AI development for forecast improvements - Launch portfolio feature - Marketing activities over the world - Attracting AI experts groups on a competitive basis - Cryptics tokens as payment for forecast service
- Full bot's integration for all market transactions - Development of the decentralized funds infrastructure - Automatically portfolio management based on KPI forecast
- Full version is ready and starting next level of development - Adding more real-time signals from media to increase the speed of forecasts to real world meanings - Over 30 000 transactions per month based on forecasts
- Launch of the dezentralized funds managed by Cryptics users - Based on AI forecasts and auto-management - Earning on forecasts, fund infrastructure and marketing for the funds
Interesting project, let's see what will come out of it. btw, add advisors to your profile here.
Team: -- Team`5 geography is very confusing and sketchy. Company is registered in Russia but founders aren`t in Russia. -- CEO and CTO`s LinkedIn highlist doesn`t mention Cryptics -- I don`t see any expert in AI. Maxim (CTO) and Anton (Research Lead) both are consultants and not AI specialists/ developers. Vision: -- Pricing prediction for Crypto is the most difficult task. It`s highly ambitious but doesn`t seem achievable Product: -- ICObench description is full of mistakes -- Milestones seem unnecessarily stretched without enough significant information.
Disclaimer: It's always easier to find shortcomings and drawbacks. I knowingly retract myself from talking about what's good about the project and focus on areas that makes me question the legitimacy, validity or business case of the project. *Until ICO market is regulated, whales, trading bots, quants and other influential market players can manipulate a certain market making all prediction algorithms useless *Roadmap tells that 'first we get the money then we look for AI experts' - does not inspire confidence, maybe what they claim to achieve is not even implementable or might take 10 years to develop *Roadmap - marketing activities all over the world. As an investor I would like to see a product, not my investments spent on marketign *Forecasting crypto - just does not seem tangible. Tokens and cryptos are just to correlated with each other, so what will their forecast gonna be when there's a 6-month market downturn? *In general, stock market and price forecasting has been tried for almost a century by Wallstreet and traders, we're nowhere closer to be able to predict market movements. I am not convinced these guys can accomplish the task.
Word of advice. Don't ever say world's first unless you really are. And you are not. I have literally seen scores of projects tapping AI for crypto analytics. There a plenty of cryhpto investor pools out there using AI tech already.
Strong project, there are questionable issues, but team has solved them / working hard to do so. I think this is a good example of borning star. Understanding the goals, competence and discipline will result in success. Good luck!
In general: - Russian website version doesn't work - Failed KYC - They have around 5200 people in telegram group, but in survey took part 17. Strangely. Team: - I guess they failed KYC - 0 point. But 1 is minimum=( Vision: - Main thought is: They don't need blockchain. - "CRYPTICS will launch a token which will be used to pay all fees on the CRYPTICS platform." - Wait, why not ETH ?) - "Key factors will be collected from multiple data sources" - Which for example ? Product: - Last commit on Github 4 months ago (Where i finally found russian versions of White Paper, but apparently it is not relevant)
Failed KYC and uncertain on if this structure would be considered a security in some jurisdictions.
Pretty sure this isnt the worlds first... The CEO's linkedin Profile says the Company is in the UK, he is in Germany the linkedin page says Moskau and the company provided info to icobench stating it is registered in Gibralter??? Update: now it says Russia .. Doubt very much AI %65 accuracy. For a number of reasons this is not a good investment.
Good team and project.
You write that the accuracy of the ETH prediction is 82%. The only question that exists is whether it is so or not. The only thing you need to do is post your forecast every day and then 24h later post the real price of the ETH. And you need to do this for a long time. For many weeks and so that it was reliably known what you were predicting and what real price was in 24 hours.
I’m impressed by the forecasting model and thinking this maybe a good idea to try AI technology. I would like to try it if any alpha or beta service is ready.
Good team and vision along with mvp ready. Want to test this product personally.
I would like to know more about how the AI will work in this project, AI is still a long way off to have a useful and true independent smart thinking from a machine. I hope this works, I will watch carefully.
Good business model and innovation. Will be very helpful in the portfolio management of crypto assets.
Interesting looking project
I have some real Hard questions. I am doing the similar concepts for different Hedge Funds. Using NEWS and AI to quantify the market prices. Questions : 1) What is the Deep Learning Structures you are using? No mention of LSTMs or RNNs or any other Deep Learning method. In Whitepaper I haven’t seen any technical details of how will it work. Writing Deep Learning in the paper will not work. 2) Since you are doing News Analysis, I was hoping for a work Natural Language Processing (NLP) to be mentioned in the paper because that’s how you do the News Analysis using AI and AI community prefer to mention it whenever there is Implimentation of AI in the field of language. 3) Where are Backtesting results? When you implement Algo Trading Strategies, Your evaluation will be based on backtesting results which is not shown, says they don’t have algo implimented, means MVP is just UI..! What I am thinking is team either have NO idea of how this whole thing works or they don’t want to tell the investors about it. Both ways it’s a deal killer for sure. I have already implemented this and I can assure you it is way more difficult than team is thinking. Getting the relevant
This is a strong project with a strong team. I think this is a good way for create a speciality. The success is the first priority and I think will be big success.