Cindicator Wiki ▷ What is CND? Cryptocurrency & more!
Our review from the Cindicator (CND) will tell you everything you need to know. We explain to you what the CND-Coin is, what it does and why you should invest in it. The team at Bitcoin-News.one advises you to exercise caution before investing in cryptocurrencies and we encourage you to do your own research.
What is Cindicator?
The Cindicator project combines machine artificial intelligence (AI) with human intelligence, creating a hybrid system for forecasting financial markets. The team calls this "hybrid intelligence". The idea is that by combining artificial intelligence and human prediction, the Cindicator system can make better predictions compared to other processes.
The Cindicator platform Already has more than 100.000 active analysts, and the wisdom of this crowd is used to make financial market forecasts. The predictions made by this group have proven extremely helpful. The theory was first proposed in 1906 when scientist Francis Galton went to a fair where customers were asked to estimate the weight of a bull.
Around 800 people made estimates of the bulls' weight, Galton analyzed all of the results and found that the average estimate was 1197 pounds. The actual weight of the bull was 1198 pounds. Since then, the wisdom of the crowd has been used for predictions and is cited in many official publications. Cindicator leverages this principle by asking its analysts questions about the financial and cryptocurrency markets and using those answers to make predictions.
Artificial intelligence is used in the Cindicator system is used to evaluate and weight the reactions of analysts. Analysts who were more accurate in the past and whose forecasts were more profitable are given a higher weighting than those who are inaccurate and unprofitable. With the help of the AI, simulations of trading strategies are carried out to determine profitability and the optimal trading strategy. Finally, the artificial intelligence summarizes all data and AI analyzes into a final market analysis. This can then be used by the Cindicator community through the use of financial instruments available on the platform.
Why is the Cindicator useful?
Man is obsessed with predicting the future and developing more and more accurate methods for it. Millions of dollars are traded every second in traditional financial markets, and trading robots are also widely used. Forecasts for these markets are made daily and billions of dollars are invested in these forecasts every day.
Financial forecasting is based on analytical reports, and in 2015 alone, professional financial traders spent over $ 50 billion on financial data and $ 4 billion on analytics systems. It is estimated that this spending will increase six-fold by 2020, with around $ 300 billion on data and $ 24 billion on systems.
Cindicator is a predictive solution that not only acts as a system, but also generates a huge amount of data, and professional traders are willing to pay extraordinary sums for it. Cindicator's market is literally worth $ 100 billion a year and that's just the financial industry. The project can just as well be applied to the results of sporting events, political elections and, of course, forecasts for crypto currencies to investigate.
How does the Cindicator system work?
Cindicator consists of three different elements: the pool of analysts, the AI and the actual forecast product.
1) The pool of analysts
On Cindicator platform there are over 100.000 analysts. Some of these analysts are professionals and some are not. Cindicator gives these analysts the ability to monetize their knowledge and predictive power. In return, the platform receives valuable data from the analysts.
How does Cindicator get this data? It asks a series of questions to analysts every day. These vary according to the person's interests and area of expertise, and there are two main types of questions:
Binary probabilistic questions
There are only two possible answers to this type of question - yes or no. Analysts answer these questions by providing a probability percentage to express the probability of the event occurring. 0%> 49% is taken as no, 51% to 100% is a yes. Percentages are used so that analysts can give their confidence in the prediction. An example of this type of question would be:
"Will NEO be in the top 5 cryptocurrencies next week?"
Price related questions
The questions relate to what the analyst thinks about the price of an asset. This data is extremely useful for traders. In Cindicator, price-related questions usually involve a minimum and maximum price for an asset. An example of this type of question would be:
"Bitcoin closed at $ 9.000 on Monday. What do you think will be the next day's maximum and minimum price for Bitcoin?
Cindicator's Incentives for Analysts
Analysts receive both personal and group motivation on the Cindicator platform.
Personal motivation
Each analyst receives a public individual rating on the platform. This is based on the accuracy of your forecasts. This public evaluation creates competition among analysts. The contributors are also financially motivated. At the end of each month, the results are determined and prize money is awarded based on the number of points an analyst receives. These prizes come from the reserve fund for the remuneration of the forecasters. At the beginning of the month, the ratings are reset and a new competition is started.
Group motivation
Cindicator manages its own portfolio based on hybrid intelligence. Since the forecasters are important for their management, part of the profits is distributed to the analysts every quarter. Forecasters with higher scores during the reporting period receive a larger share of this bonus money. After all, they have contributed more to their success than those who made poor predictions.
2) Artificial Intelligence (AI)
Machine learning is used to analyze market and Cindicator analyst data. How is Artificial Intelligence used by Cindicator? There are 5 main routes:
· Forecast devices are examined. Patterns of behavior and common factors are identified. For example:
Analysts are divided into bears or bulls, those with broad and narrow price forecasts, analysts who follow trends and those who don't, etc.
o The AI also examines behavioral patterns. For example, how often analysts make mistakes, how forecasters react to changing market conditions and in which situations they make mistakes.
The AI experiments with predictive models and uses them to build algorithms.
· Conducting experiments on groups and data clusters.
Machine learning is optimized and validated.
Analysis of the forecasts made and the market.
3) The product
AfterCindicator has processed all the data via its machine learning system, the Cindicator coin holders can access the platform's products and use them for trading decisions.
Product access depends on the number of CND coins you have. There are currently four different package tiers and for now the cheapest tier will return you $ 450.
Products include indicators such as: community selection, likelihood of market events, weekly support and resistance levels, ICO ranking, and price level indicators.
The Cindicator team
The Cindicator project already has a working product and has positioned itself in the lucrative niche of financial data and systems. This very ambitious project has done a lot of good. However, investors need one excellent teamto drive product development. Bitcoin-News.one greatly appreciates the experience of the Cindicator team. It's a relatively large, well-balanced team of 28 with members who specialize in data science, development, trading and analysis, and community and support. For reasons of space, we will only focus on the co-founders of the project.
CEO & Co-founder Mike Brusov: Mike has been a tech entrepreneur for 8 years. During that time, he has focused on predictive analytics and big data.
CTO & Co-founder Yuri Lobyntsev: Yuri started programming when he was only 10 years old and was early on her way to becoming a world-class CTO. Yuri isn't just a distributed application developer, he's a maverick, inventor, and entrepreneur. He is passionate about combining human and artificial intelligence.
COO & Co-founder Artem Baranov: Artem has co-founded numerous companies in the financial analytics, development outsourcing and medical sectors. His job at Cindicator is to bring all the different elements of the team together into a single driving force and move the business forward.
The future of Cindicator
Unlike most other cryptocurrency projects, Cindicator already has a working product, a network of over 100.000 analysts, and customers. The size of the financial data and systems market is enormous, estimated to be over $ 2020 billion a year by 300. The project is competing for part of this huge market, and if it manages to win even a small part of it, the company will be very successful.
Currently, Cindicator is only focused on the financial and cryptocurrency markets. However, their technology can also be used in other niches such as politics and sports forecasting. The beauty of a project like Cindicator is that people will always try to predict the future, and forecasting methods will always be in demand.
The project has to continue to grow, develop new products and continuously improve forecast accuracy. Cindicator could be one of the best forecasting tools in the world, or it could fall by the wayside and be outdone by better forecasting methods. What is certain is that if the project continues to grow and can win more and more new customers, the price of the indicator coin will increase in value. There is a limited supply of coins and they are required to gain access to Cindicator's predictions.
The Cindicator ICO
The ICO took place in September 2017 and quickly reached its funding goal of $ 15 million.
Cindicator revealed how the raised ICO funds should be spent and gave the following breakdown:
· Research, development and operating costs - 55% of the budget.
· Hybrid intelligence portfolio that serves as a motivational pool for forecasters - 20% of the budget.
· Marketing - 10% of the budget.
· Litigation costs - 5% of the budget.
· Monthly forecast fund - 5% of the budget.
· Partnerships & Takeovers - 5% of the budget.
Should I invest in CND coins?
Benefits
· You already have a working product, a network of over 100.000 analysts and customers.
The financial data and systems industry that Cindicator competes with is valued at $ 100 billion a year. Just winning a small part of this industry will make the CND coin very valuable.
· There will always be a need for tools that predict the future.
Using the wisdom of the crowd and improving it with AI seems logical. Elon Musk himself said that humans have to merge with machines or become irrelevant in the AI age.
Disadvantages
· Traders and investors are willing to pay huge bucks for the best forecasting systems. Cindicator has yet to build a reputation for being one of the best and constantly improve its product.
Predictive systems are prone to technological disruptions. More accurate forecasting methods could be worked out at any time, which would significantly weaken Cindicator as a company. For the project to be successful it must always be one step ahead of the competition.
How can I buy Cindicator (CND) Coin?
The two best ways to buy Cindicator coins are by using Coinbase and Binance. Use our Guide to Buying CND Coins, If you need help.
Summary
The project has largely disappeared from the radar of the cryptocurrency community. It's quite a unique project that operates in a very lucrative niche and actually has a working product. The fact that Cindicator already has paying customers sets it apart from many cryptocurrency projects.
The Indicator Coin has a very easy to understand and legitimate use. The team at Bitcoin-News.one likes how the price of the CND coin will go up as the project wins more customers with its forecasting software.
2018 was a big year for the project and we are confident that the financial data and systems niche will evolve over time and we expect Cindicator to mature with it. Bitcoin-News.one loves to see innovative projects in the cryptocurrency space, and we believe Cindicator is one of them.
