Cryptics

UPDATE: this project has made significant advances since my initial rate.
Though I still doubt very much the AI will have %65 accuracy. there are still far too many variables in the crypto space.
.

I’m impressed by the forecasting model and thinking this maybe a good idea to try AI technology. I would like to try it if any alpha or beta service is ready.

“Cryptics will relate to the academic community to stimulate scientific research in the field of AI, as well as contribute to the further development of the blockchain technology and community.”
Looking forward to your published papers in leading peer reviewed academic journals.

I don’t believe in AI, but I enjoyed this project because the reliability is very high accuracy to 70% while participating in the project Cryptics can improve the portfolio and income of people Crypto. Very strong team and advisor board.

You write that the accuracy of the ETH prediction is 82%. The only question that exists is whether it is so or not. The only thing you need to do is post your forecast every day and then 24h later post the real price of the ETH. And you need to do this for a long time. For many weeks and so that it was reliably known what you were predicting and what real price was in 24 hours.

Skills are well distributed on the team. Very huge potential if they can come in quick with the product. Some rewriting needs to be done with the roadmap as it will be the means of making investors come.

Word of advice. Don't ever say world's first unless you really are. And you are not. I have literally seen scores of projects tapping AI for crypto analytics. There a plenty of cryhpto investor pools out there using AI tech already.

Good use of blockchain technology and AI. Analytics and forecasting is important. I would like to see an improvement on the 65% forecasting rate, but good concept and team.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

I dont really see the market opportunity here and do not believe that instututions will use thsi product and will develop their won algos. I dont see any AI here but just standard quant work and algos. Dont see the rocket science.
The roadmap is long and not ambitious at all. Nothing stands out at all for me on this one

Failed KYC and uncertain on if this structure would be considered a security in some jurisdictions.

Interesting project

In general:
- Russian website version doesn't work
- Failed KYC
- They have around 5200 people in telegram group, but in survey took part 17. Strangely.

Team:
- I guess they failed KYC - 0 point. But 1 is minimum=(

Vision:
- Main thought is: They don't need blockchain.
- "CRYPTICS will launch a token which will be used to pay all fees on the CRYPTICS platform." - Wait, why not ETH ?)
- "Key factors will be collected from multiple data sources" - Which for example ?

Product:
- Last commit on Github 4 months ago (Where i finally found russian versions of White Paper, but apparently it is not relevant)

AI is a powerful technology and combined with Blockchain technology could make something extraordinary. The fact that it will analyse and forecast is an interesting attribute to have even though AI is still new tech. Good luck with implementation.

Good team and vision along with mvp ready. Want to test this product personally.

This is a strong project with a strong team. I think this is a good way for create a speciality. The success is the first priority and I think will be big success.

I love the idea of AI smoothing out the decision making process though I know that the market does exactly that. As soon as Cryptics finds a way to counteract the market uncertainty, the market will always react in other ways.

But that doesn't mean I think they shouldn't try, and those using Cryptics will have some advantages. A good team with a technology that has to happen.

Let me say that, if the token is not a security; then it very close to be considered as a security. I have seen other platforms in the past that utilized AI for trading purposes without success. Other platforms had to deal with regulatory issues because their tokens were considered investment vehicles. There is also the risk that the Ai cannot always be updated so it will need further development. Even though i find the idea of individual fund managers exciting, i am pretty sure that some of them will have AUM without the proper experience and knowledge of the market.

Professional and friendly team. They are planning to help the crypto community with their product! Maybe not "the world's first", but I support the project :)

Good business model and innovation.

Will be very helpful in the portfolio management of crypto assets.

Interesting looking project

Actually, this one looks really ambitious. It is all in all promising and good in terms of idea and vision, team, and MVP which is publicly available. I am following this project.

I would like to know more about how the AI will work in this project, AI is still a long way off to have a useful and true independent smart thinking from a machine. I hope this works, I will watch carefully.

Interesting to see how its AI used to analyze crypto to determine the best currency to be mined or trade. But i will rather focus on its forecasting and auto trading volume.

Interesting concept of forecasting but time to ponder whether forecasting works perfectly in mature markets such as equity, bonds or whether it will prove its worth in relatively nascent Crypto market. Trading platform has to be really good and unique for bringing in traders as the space is already filled with large number of players.

Team : looks great with good advisor and technical team

Vision : Vision is good as forecast by AI is not provided by many in crypto world but realisation of vision would be something to look forward to.

product: Havent got any prototype.

Interesting project, let's see what will come out of it.
btw, add advisors to your profile here.

Disclaimer: It's always easier to find shortcomings and drawbacks. I knowingly retract myself from talking about what's good about the project and focus on areas that makes me question the legitimacy, validity or business case of the project.

*Until ICO market is regulated, whales, trading bots, quants and other influential market players can manipulate a certain market making all prediction algorithms useless

*Roadmap tells that 'first we get the money then we look for AI experts' - does not inspire confidence, maybe what they claim to achieve is not even implementable or might take 10 years to develop

*Roadmap - marketing activities all over the world. As an investor I would like to see a product, not my investments spent on marketign

*Forecasting crypto - just does not seem tangible. Tokens and cryptos are just to correlated with each other, so what will their forecast gonna be when there's a 6-month market downturn?

*In general, stock market and price forecasting has been tried for almost a century by Wallstreet and traders, we're nowhere closer to be able to predict market movements. I am not convinced these guys can accomplish the task.

They have experienced team. Product is the need of an hour. AI to the crypto price data is awesome.
They have working product and would like to test the product as well.

I have some real Hard questions. I am doing the similar concepts for different Hedge Funds. Using NEWS and AI to quantify the market prices.
Questions :
1) What is the Deep Learning Structures you are using?
No mention of LSTMs or RNNs or any other Deep Learning method. In Whitepaper I haven’t seen any technical details of how will it work. Writing Deep Learning in the paper will not work.

2) Since you are doing News Analysis, I was hoping for a work Natural Language Processing (NLP) to be mentioned in the paper because that’s how you do the News Analysis using AI and AI community prefer to mention it whenever there is Implimentation of AI in the field of language.

3) Where are Backtesting results?
When you implement Algo Trading Strategies, Your evaluation will be based on backtesting results which is not shown, says they don’t have algo implimented, means MVP is just UI..!

What I am thinking is team either have NO idea of how this whole thing works or they don’t want to tell the investors about it. Both ways it’s a deal killer for sure.

I have already implemented this and I can assure you it is way more difficult than team is thinking. Getting the relevant

I have a hard time trusting any AI trading platform. People will be happy in a bull market and unhappy in a bear one.

The team does look solid (with a long list of very respectable advisers) with a decently built-out MVP, but I remain skeptical of any forecast and automatic trading platforms.