Cindicator Wiki ▷ What is CND? Crypto currency & more!
Our review of the Cindicator (CND) will tell you everything you need to know. We will explain to you what the CND coin is, what it does and why you should invest in it. The Bitcoin-News.one team advises you to be careful before investing in crypto currencies and we recommend that you do your own research.
What is Cindicator?
The Cindicator project combines machine artificial intelligence (AI) with human intelligence to create 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 than other processes.
The Cindicator platform already has more than 100,000 active analysts and the wisdom of that number is used to make financial market forecasts. The predictions of this group have proven to be extremely helpful. The theory was first proposed in 1906 when Francis Galton, a scientist, went to a fair where clients were asked to estimate the weight of a bull.
About 800 people made estimates for the weight of bulls, Galton analyzed all 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 has been cited in many official publications. Cindicator uses this principle by asking an analyst questions about the financial and crypto-currency markets and using these answers to make predictions.
Artificial intelligence is used in the Cindicator system to evaluate and weight the reactions of analysts: analysts who were more accurate in the past and whose forecasts were more profitable receive a higher weighting than those who are inaccurate and unprofitable. AI is used to simulate trading strategies to determine profitability and the optimal trading strategy. Finally, artificial intelligence combines all data and AI analysis 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 accurate methods to do so. In traditional financial markets, millions of dollars are traded every second and trading robots are also heavily 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 analytical systems. It is estimated that this spending will increase six-fold by 2020, with approximately $300 billion spent on data and $24 billion spent on systems.
Cindicator is a predictive solution that not only acts as a system, but also generates a large amount of data and professional traders are willing to pay extraordinary sums of money for it. Cindicator's market is literally worth $100 billion per year and that's just the financial industry. The project can also be used to calculate the results of sports events, political elections and of course forecasts for crypto currencies.
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
There are over 100,000 analysts on the Cindicator platform. Some of these analysts are professionals and some are not. Cindicator gives these analysts the opportunity to monetize their knowledge and predictive power. In return, the platform receives valuable data from the analysts.
How does Cindicator receive this data? It asks analysts a number of questions every day. There is a focus on two main types of questions, depending on the interests and expertise of the person:
Binary probabilistic questions
There are only two possible answers to this type of question - yes or no. Analyst answers to these questions by giving a probability percentage to express the probability of the event occurring.0% > 49% is taken as a no, 51% to 100% is a yes. Percentages are used to give analysts confidence in the prediction, an example of this type of question would be
"Will NEO be in the top five crypto currencies 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 Cindicators, price-related questions typically include a minimum and maximum price for an asset. An example of this type of question would be:
"Bitcoin lock on Monday at $9,000. What do you think the maximum and minimum price of Bitcoin the next day will be?
Cindicator's incentives for analysts
On the Cindicator platform, analysts receive both personal and group motivation.
Each analyst receives an individual public assessment on the platform. This is based on the accuracy of their forecasts. This public assessment creates competition between the analysts. The participants 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. This prize money comes from the reserve funds for the remuneration of the forecasters. At the beginning of the month, the scores are reset and a new competition is launched.
Cindicator manages its own portfolio based on hybrid intelligence. Since the forecasters are important for their management, part of the profits are distributed to the analysts each quarter. Forecasters with higher scores over the reporting period receive a larger share of this bonus money, as 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 from Cindicator used? There are 5 main ways:
- Prediction devices are examined. Behavioural patterns and common factors are identified. For example:
o Analysts are divided into bears or bulls, those with broad and narrow price forecasts, analysts who follow trends and those who do not, etc.
o The AI also investigates behaviour patterns. For example, how often analysts make mistakes, how forecasters react to changing market conditions and in what situations they make mistakes.
- The AI experiments with predictive models and uses them to build algorithms.
- Performing 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 data through its machine learning system, Cindicator co-owners can access the products of the platform and use them for trading decisions.
Product access depends on the number of CND coins you have. There are currently four different package levels and currently the cheapest level will return you $450.
The products include indicators such as: Community selection, probability of market events, weekly support and resistance levels, ICO ranking and price level indicators.
The Cindicator Team
The Cindicator project already has a functioning product and has positioned itself in the lucrative niche of financial data and systems. This very ambitious project has had a very positive impact. However, investors need an excellent team to drive product development forward. Bitcoin-News.one highly appreciates the experience of the Cindicator team. It is a relatively well-balanced 28-person team with members specialized in data science, development, trade and analysis, community and support. For space reasons, we will only focus on the co-founders of the project.
CEO & Co-founder Mike Brusov: Mike has 8 years as a tech entrepreneur in his luggage. During this 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 his way to becoming a first-class CTO. Yuri is not only a developer of distributed applications, he is a lateral thinker, 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 analysis, development outsourcing and medical sectors, and his role at Cindicator is to bring together all the different elements of the team into a single driving force to drive the business forward.
The future of Cindicator
Unlike most other crypto currency projects, Cindicator already has a working product, a network of over 100,000 analysts and has customers. The market for financial data and systems is huge and is estimated to be over $300 billion per year by 2020. The project is competing for a portion of this huge market and if it is possible to win even just a small part of it, the company will be very successful.
Currently Cindicator concentrates only on the financial and crypto currency markets. However, its technology can also be used in other niches such as political 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 must continue to grow, develop new products and continuously improve the accuracy of forecasts. Cindicator could be one of the best forecasting tools in the world or fall by the wayside and be surpassed by better forecasting methods. What is certain is that if the project can continue to grow and attract more and more new customers, the price of Cindicator-Coin will increase in value. There is a limited supply of Coins and they are required to gain access to Cindicator predictions.
The ICO of Cindicator
The ICO took place in September 2017 and quickly submitted its funding target of $15 million.
Cindicators indicated how the collected ICO funds should be spent and gave the following breakdown:
- Research, development and operating costs - 55% of the budget.
- Hybrid intelligence portfolio, which serves as a motivation pool for forecasters - 20% of the budget.
- Marketing - 10% of the budget.
- legal costs - 5 % of the budget.
- Monthly forecast fund - 5 % of the budget.
- Partnerships & Acquisitions - 5 % of the budget.
Should I invest in CND coins?
- You already have a working product, a network of over 100,000 analysts and you have customers.
- The financial data and systems industry with which Cindicator competes is worth $100 billion per year. Even the profit of a small part of this industry will make 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 man must merge with machines or become irrelevant in the AI age.
- Traders and investors are prepared to pay huge sums of money for the best forecasting systems. Cindicator still has to build a reputation as one of the best and constantly improve its product.
Predictive systems are susceptible to technological interference. More accurate prediction methods could be worked out by anyone in time, which would considerably 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 to use Coinbase and Binance. Use our guide to buying CND Coins if you need help.
The project has largely disappeared from the radar of the crypto-currency community. It's a pretty unique project that operates in a very lucrative niche and actually has a working product. The fact that Cindicator already has paying customers distinguishes it from many crypto currency projects.
TheCindicator-Coin has a very easy to understand and legitimate application. The Bitcoin-News.one team likes how the price of the CND-Coin will increase as the project gains more customers with its forecasting software.
2018 was a big year for the project and we are sure that the niche of financial data and systems will develop over time and we expect Cindicator to mature with it. Bitcoin-News.one loves to see innovative projects in the crypto-currency field and we believe that Cindicator is one of them.