Interview with Cryptics Founders on the Prospects of the Cryptics Platform
Cryptics Co-Founders Oleg Tereshenko and Stan Maer have released a recent interview in which they both answered questions pertaining to the key factors constituting the decentralized platform on May 04, 2018.
Cryptics is a blockchain-based cryptocurrency exchange rate forecasting platform that is AI integrated. Cryptics looks forward to offering solutions and other necessary instruments that are vital to combat market volatility and uncertainty. They hope to do this by providing safety for retail investors and by providing liquidity on exchanges.
What is the essence of the Cryptics project and what drives it?
Stan Maer – The essence of the project is developing a cryptocurrency exchange rate aggregator platform on the basis of blockchain, neural networks, AI and NLP technologies for building predictions based on real-time data on cryptocurrency rates from all available sources.
Oleg Tereshenko – The combination of these technologies will allow our platform participants to build comprehensive trading strategies and ensure constant flows of liquidity on the market. Granting accurate exchange rate predictions for traders has always been the core concept of Cryptics.
Why do you think the project will be demanded on the market?
Oleg Tereshenko – There have always been traders on the market who have relied on instruments when dealing on conventional markets. The crypto market is extremely volatile and does not always lend itself to traditional instruments.
Stan Maer – Our advanced technologies allow aggregating information from various sources and building predictions on their basis. These information sources are invaluable insight into future rates for traders and are unique on the crypto market. Our platform will allow crypto traders to trade with profit based on real time data and future insight, and that will make it a highly demanded product.
What is the economic model behind the project?
Stan Maer – The economic model is based on the use of our QRP platform token, which will allow platform participants to purchase forecasts, build fund infrastructures and receive more advanced features available on the platform.
Why do you need tokens, blockchain, AI and neural networks?
Oleg Tereshenko – The token is needed to ensure full transparency of transactions among platform participants and to reduce commission fees. The blockchain grants our platform full decentralization, transparency and scalability opportunities.
Stan Maer – While the AI and neural networks are indispensable for aggregating data and analyzing the immense amounts of information from various open sources to turn it into reliable forecasts and analytical data for platform participants.
How do you think your project can benefit the market as a whole?
Stan Maer – The volatility factor is the greatest adversary of all market participants. Our forecasts are of a very high probability rating, and therefore we will be able to give market traders a powerful tool that would reduce their losses.
Oleg Tereshenko – Our greatest offering for the market is our product that is aimed at giving market participants insight. The benefit is more decisions based on sound and reliable information.
What are the main advantages of your project?
Oleg Tereshenko – The main advantages we offer reside in the complexity of our technology and the advanced nature of the algorithms we employ. Our advisors are leaders in technological sectors and perform real functions, rather than just being faces on the project website.
Stan Maer – Another important advantage that we are proud of is the availability of a functional product and direct communication with everyone in our community. Our transparency and honesty are our greatest advantages.
What is, in your opinion, the future of the crypto industry?
Stan Maer – The crypto industry has a very bright future, which must be built on the basis of real regulation that would attract classical investments into the industry, rather than chaotic inflows of whales and sharks. The gradual release of national cryptocurrencies will solidify the market and release it of the dubious branding of a financial bubble. Over time, we will witness the decline of the most popular cryptocurrencies we have today as they will be replaced with more efficient and backed models.
Oleg Tereshenko – The crypto market will evolve as the viable projects that we have today truly offer helpful products for society and can benefit the world as a whole by improving the lives of many people.
What is the philosophy behind your project?
Oleg Tereshenko – The philosophy is quite simple, really – give people insight into the future based on what is taking place on the market right now.
Stan Maer – Mathematics is the ultimate language in this aspect and the forecast probabilities our platform offers speak louder than any philosophical statements.
When are the sale stages?
Stan Maer – Our public presale is about to start and will last from May 7 to May 21.
How is development progressing? Any stories to tell about the project’s progress?
Oleg Tereshenko – Any project is an adventure and every adventurer worth his salt leads a diary. Our project’s development was a very arduous journey and you can read all about it in our official blog.