Cindicator Coin (CND) Review: A Beginner’s Guide to Hybrid Intelligence
Without a doubt, the world of cryptocurrency can seem most of the times that it’s not for the faith hearted. Despite its many drawbacks, cryptocurrency manages to attract a staggering number of investors with each passing day. To understand the crypto market usually means having an extremely high financial knowledge and an eye for good deals even though sometimes these are not enough.
Becoming an advanced crypto trader requires a lot more than just a basic understanding of the financial concepts and the crypto market as a whole. It requires time, dedication and, ultimately, a passion for the involved concepts. Considering the crypto market’s complexities, there’s no wonder that beginner traders struggle with making profits right off the bat.
More and more of our energy as a species goes towards simplifying things in an attempt to bridge the gap between services and devices and those who lack experience. The one responsible for doing this within the crypto world is Cindicator.
What is Cindicator?
Cindicator is a new-age technology that aims to help crypto traders make informed decisions based on complex AI-powered market analysis, and daily input from a team of professional financial forecasters. The team behind the project call this predictive model Hybrid Intelligence, as it boasts a combination of AI tech and human analysis. The AI tech is responsible for generating predictions and probabilities about particular economic events and overall schemas.
In short, Cindicator is an asset management and financial analytics service that integrates machine learning and market analysis.
How does Cindicator work?
As mentioned at the start of this review, Coindicator’s platform is comprised out of two large components: Artificial Intelligence and human analysis.
Human analysis (Collective Intelligence Platform)
Before anything, it’s important to note that the platform’s ecosystem is comprised of well over 52,000 financial analysts (both professional and amateur) which can weigh in on various market predictions and provide precise event forecasts.
The CIP component is very important for the ecosystem as the market analysis, financial predictions, and other types of contributions of the analysts are monetized. The platform collects data and forecasts from a group-wide perspective. The data comes from daily questions that the analysts need to answer. This is where the Cindicator’s app comes into play, as it brings together all this data. Analysts with the most accurate predictions and forecast are incentivized via ratings which are ultimately monetized on a monthly basis.
The AI and ML components
The AI component takes these predictions from the Collective Intelligence Platform and through machine learning compares the data against alongside general market data. The platform’s machine learning is evolving in regards to its decisions, patterns, and models in order to adapt to the hectic crypto market.
Both Cindicator’s ML and AI use models of their own which, in turn, can be divided into super- forecasting models and models based on the wisdom of the crowd.
There’s yet another noteworthy aspect of the whole process, and it’s related to the community. In short, the platform has its own, bespoke CND token. Token holders can access more complex services based on their stake within the ecosystem. A member who holds tokens can access the platform’s analytical products, indicators, trading tools, and various rating system. The holders also have to pay a fee which is used to replenish the funding pool that goes towards the payment of the CIP.
How to buy and store CND
The platform’s token, the CND is currently ranked 148th on CoinMarketCap and currently valued at $0.023622. The total market cap is $34,156,733 and the circulating supply is 1,445,976,590 CND out of a total of 2,000,000,005 CND.
Those looking to buy CND can do so a decent array of cryptocurrency exchanges such as Binance, ABCC, GOPAX, Mercatox, HitBTC, and Ethfinex. A full list of crypto exchanges where you can buy CND can be found on the Markets section on CoinMarketCap.
Since CND is an ERC-20 token, it means that it can be stored on most Ethereum-compatible wallets. Some of the most popular choices include MyEtherWallet, MetaMask, and Parity, as well as some Trezor and Ledger Nano S.
Cindicator brings a breath of fresh air in the crypto world thanks to its unique features and thought-provoking concepts. Its Hybrid Intelligence model is bound to make Cindicator one of those projects worthy of keeping an eye out for future investing. As technology will inevitably evolve even more, so will the power of Cindicator which might expand its reach from the financial fields to scientific analytics, as well as political, weather- and sport-related events predictions.