fbpx
Tag

ai Archives - Coinscious

The Coinscious Global Tour Comes to a Close

By | Events | No Comments

The Coinscious team landed in Hangzhou where we made an appearance and spoke at the Consensus Ark symposium. This event was attended by Janson Jiang, our Co-Founder and CSO; David Buell, our Director of Marketing; along with members of our Shanghai team. This significant event was sponsored by CA Consensus College, One TV, and BC Incubation Commune.

Janson took to the stage and described the three core technologies of the Coinscious Collective™ platform: Big Data, Artificial Intelligence and Blockchain. He emphasized how the Coinscious Collective™ platform is designed for both professional traders, as well as your non-technical average joes. Janson stressed the importance of having good insights in order to successfully trade in the coin market, but noted that there is currently a lack of good data providers. He advised that in order to address this concern, Coinscious has deployed hundreds of global servers to collect data from major exchanges and blockchains. He also announced that Coinscious has set up a laboratory with a team of top AI experts to analyze the rules of cryptocurrency. In a couple months, this data will be available to our institutional users.

In his presentation, David discussed the current status of the coin market. He explained how the bearish coin market is just a part of the volatility of an immature market. Even so, there is a lot of optimism for the coin market. Even with lower coin prices, more funds continue to move into the space and we also see that user adoption is growing year-after-year. Globally, the coin market is still in its infancy and its continued adoption by the general public will help allow it to further mature.  

On to Wenzhou

The last and final destination on our Coinscious global tour was Wenzhou! We had the great opportunity of attending an intimate and private event with 30 distinguished guests. During this event, our team introduced our Coinscious Collective™ platform and shared insights into cryptocurrency investment trends, tools, and strategies.

Janson had the honour of being a keynote speaker here, as well. During his speech, he shared his views on the current global coin market and the pain points it is experiencing. He noted that the coin market is currently in a rapid-growth stage. Inevitably, risk comes with opportunity. The main challenges for the coin market include: unpredictability of news reports, lack of useful information, security issues, multiple exchange accounts, and multi-wallet management difficulties. Janson explained that ultimately, there is a lack of big data and analysis tools that can deliver professional quantitative analysis. Together, all of these challenges erect barriers that prevent potential investors from entering the market.

Furthermore, Janson described how AI-driven insights can make up for these shortcomings. He carefully illustrated how an automatic arbitrage trading scenario was able to take advantage of the value found within the Coinscious Collective™ platform. He shared the platform’s 24/7 event monitoring capability, pattern recognition and event analysis features, as well as ratings based on user risk preferences and ROI expectations.

Just as in Hangzhou, the responses we received were overwhelming and humbling. Both individual and institutional investors showed great interest in Coinscious and its data services. Many expressed their eagerness for our platform to launch so that they can start accessing investment tools that will provide helpful market forecast and trading strategies.

At this event, Janson and Tom participated in a Q&A session. Below are some highlights from that interview.

Q1: How can Coinscious beat competition that offers similar tools and services?

A1: There are very few, and in fact no major players, offering data services in the cryptocurrency market. If you take the stock market as a benchmark, many companies provide data services in every country’s market. In terms of numbers, there is nothing comparable in the cryptocurrency market. In addition, our AI-driven analysis methods differ greatly from the traditional algorithm and speed driven financial markets, like the stock and foreign exchange markets. Given the unique traits of the cryptocurrency market, we believe that the Coinscious platform could help quantitative trading investors perform better.

Q2: In the traditional markets, the quantitative operation needs to be back tested, using data from five or even ten years ago. A data set that large is not available in the cryptocurrency market. Given the lack of data, how can Coinscious overcome the difficulties of quantitative trading?

A2: This is exactly the type of challenge that Coinscious was created to address. Coinscious extracts available data from reliable sources, providing users with the opportunity to create better investment strategies. Through our own unique data analysis, we provide more information to help investors find more opportunities and build quantitative strategies that can adapt to the cryptocurrency market.

We also recognize that the cryptocurrency market requires a different strategy. The market changes rapidly, making historical data less useful compared to traditional markets. A strategy that worked in 2016 is less likely to work in 2018.

Further, Coinscious helps investors in the traditional market understand and adapt to the crypto market using AI-driven data analysis. Finding useful data is crucial to this market. Quantitative traders have to create strategies based on the data they can access. In this market, patterns and insights change all the time. It’s hard to accumulate historical data, since many cryptocurrencies have only short histories. This demands a quantitative trading strategy that differs significantly from strategies used in traditional financial markets.

 

Coinscious in Beijing

How To Stay Ahead In A Bearish Coin Market

By | Events | No Comments

As the once-hot cryptocurrency market has cooled, investment has cooled, as well. As the downward market trend continues, investors face a bear market, wondering what their next moves should be. Some investors hope cryptocurrency tycoons will raise prices and help them out. Yet the pioneers in this market, who have access to the world’s leading investment advisory tools, don’t feel the burden of the bear market. When the market is bad, they don’t lose much. When the market is strong, they win more than average. As a blockchain and AI-driven tool designed for the cryptocurrency market, Coinscious filters complicated market information, draws effective conclusions from it, and recommends strategies to users. With this information at hand, users can not only protect their capital but also profit during a down market.

One motivating factor behind our global tour has been to let more investors know that the current situation is solvable. The goal has been to let more investors experience the advantages that Coinscious offers.

On August 17, 2018, a closed-door investment meeting of quality blockchain projects was held in Beijing Haidian Quanpin Mansion. As a leading international AI and blockchain intelligent investment advisory project, Coinscious was invited to attend and received interest and accolades from experienced Chinese investors gathered there.

Our CSO, Janson, spoke at the event, giving an example of what we call the “Coinscious Lab”, where we conduct experiments, analyze them, and share the results with the public. Janson shared our latest Coinscious Lab experiments including arbitrage, short term price prediction, correlation between social sentiment and price change, token correlation analysis and orderbook analysis. The attendees really enjoyed seeing the successful results.

After learning more about how the Coinscious platform worked, investors showed high interest in our business model. They also expressed their willingness to try our service after launch. Many investors expressed their hope of being able to upgrade their trading experience and results using our tool.

Several investors and participants in the blockchain community were in attendance, including OK Capital, AKHacks, Tfund, ValueNet Capital, FBG Capital, WBO, GVC, BQEX, BlockOrigin Capital, ValueNet Capital, MPT, AFund, OnFund and many others. As has been true at every stop of our global tour, the Coinscious team has been inspired and motivated by the enthusiasm that always greets our presentations. Excitement is being generated around our platform everywhere we go. That fervor has sparked our team’s passion for what we do making us more focused than ever on continuing to create a platform that helps resolve some of the biggest issues investors face in the cryptocurrency trading market.

At this event, Janson participated in a Q&A session. Below are a couple of highlights from that interview.

Q1: From what I understand about Coinscious, it seems your business does not rely much on blockchain technology itself. Yet there are many existing companies that offer data service to exchanges, funds, or cryptocurrency investors. What makes Coinscious different?

A1: Currently, we run more like a centralized project. However, we hope to have decentralized data sharing that networks with the whole community in the future. The data itself requires a large amount of storage so it is not practical to centralize that storage. Regarding offline data analysis such as simulations, it does not require fast data retrieval. This means that there are many data storage approaches that can work in this case. In order to reduce the pressure from a high demand for large data storage and AI computation resources, we would like to leverage the capacity of the community as a resource. IPFS protocol and computation nodes will be introduced so that community members can contribute storage and processing power respectively, and get rewards in return.

Q2: Who is your major target market—individuals or institutions? Do you already have a user base?

A2: At this stage, our biggest clients are institution funds and quantitative teams that buy our data. Just as people asked during our tour of the United States as well as in Shanghai, how do you sell the data? What data do you have? They would like to use this data immediately, including the currencies and exchanges that we have access to. With this high demand, our data service will be launched in two months, and sales should be easy to achieve.

On the other hand, we will also offer a tool for general users to track and manage their assets. It will be a free tool to help get more people interested and using cryptocurrencies, while also educating them. This is an important step in helping the market stabilize and mature.