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Crypto trading and investment is becoming very popular due to the numerous opportunities therein. The opportunities provided by the number of cryptocurrencies in existence and the high level of volatility in the market are some of the major reasons why the venture is growing in prominence. However, these reasons behind this prominence, when flipped over are the same as those that make it difficult to hold a firm grip on the markets.
There are currently over 1,300 cryptocurrencies in existence, with many more being created as the days go by. Engaging the markets with the common eye makes it almost impossible to follow these cryptos while maintaining a proper view and understanding of price movements at the same time in order to benefit from the swings that occur.
AI mechanism for accurate predictions
The very busy crypto marketplace with such a high volume of data to analyze justifies the Artificial Intelligence (AI) mechanism that is implemented by Mirocana. This system pulls data from a large array of array of trading platforms in order to determine prevailing trends and patterns, thereby generating accurate predictions for future trades.
Unlike other existing prediction platforms, Mirocana is unique due to its transparency and application of self-reinforcing AI based on neural nets and modern machine learning models.
The Mirocana system was designed two years ago and is constantly growing. Mirocana provides three different investment products for stock, currency and cryptocurrency markets. It is more beneficial than a service from a trader or a fund because it turns a huge amount of data into investment prediction.
George Petrov, Founder, CEO, and Senior Data Scientist at Mirocana says:
“First of all we receive quotes and market data from our data sources, and some strategies are only based on quotes, and these strategies could be applied to many financial instruments along many timeframes. Some of them have a few hundred lines of code, while others have thousands. For example, If the price goes up sequentially for three periods of time, we generate a prediction to buy, thinking that the price will continue this trend.”
Beyond just machines
Beyond just AI mechanism and robots, the Mirocana team is inviting the greatest minds all over the globe to participate via crowd-sourced learning platforms. This process will scrutinize the investment environment properly, sifting away the numerous unrealistic projects that are currently finding their ways into the market, especially with cryptocurrencies. This is mainly as a result of how easy it has become to carry out ICOs and declare all sorts of ideas as startups.
Regarding functionality, on the Mirocana platform accumulated financial data gets into simulations where hundreds of strategies are applied to it. As a result, the system gives the best performing prediction. Hence, Mirocana provides a scale that helps to calculate the risk level for different values of target return. It shows maximum possible drawdown, profit factor, Sharpe ratio and other metrics.
A stable and scalable system
In order to sustain its project in terms of infrastructure and scalability, Mirocana adopts the implementation of own servers and Mirocana Miner platforms. With these, the system will not suffer from a deficit of computational power. By providing CPU and GPU for calculations and predictions, every miner will be paid with MIRO tokens. Mirocana products are supported by these tokens, which are also distributed through Token Sale. The sale will help the project to expand the team of analysts and scientists and hire new developers. Freelancers can earn MIRO tokens by creating new strategies, models and predictions.
MIRO tokens are already available in a Token Sale that will end on Dec. 19 and customers with access will be able to start managing their funds in early 2018.