If your answer to any of the above question is YES (!) then I think you will be much interested in today's write-up.
And more than ever I am excited to write this because my answer to above questions is YES (!) and I still wanna try trading.
In this quest for trading, I encountered an awesome project which simplifies many things for people like you and me. And I also think that if this project succeeds this will be the future of cryptocurrency trading.
But before telling directly about the project I would like to tell you about some facts and jargons around trading.
But for now, it is just enough to know that High-frequency trading is quantitative trading that is characterized by short portfolio holding periods. All portfolio-allocation decisions are made by computerized quantitative models in this type of trading instead of humans doing the chart and other parameters analysis.
Isn't it incredible! well atleast to me it is!
And one company that believes that blockchained AI-based HFT can be very successful in the ongoing market of cryptocurrency has launched its decentralized AI trading bot known as Autonio.
Come let see closely what this company and project has to offer to us!!
What Is Autonio?
AUTONIO is the first decentralized AI-powered trading bot developed by keeping in mind the high-frequency trading style and knowledge gained from the Walle Street.
Just like Wall Street uses automated HFT industry, Autonio makes use of use of market indicators to analyze cryptocurrency trends in order to generate buy/sell signals and execute trades accordingly and automatically.
Still don't get it? Then watch this short and sweet video that vividly describes what it is?
How Is Autonio Different?
Some of you might say we already have AI based algorithmic trading and we don't require Autonio.
Within cryptosphere AI trading systems are in their infancy state and require expensive memberships or decent coding skills to be able to use them.
Where Autonio is neither costly nor requires coding skills to start using the Autonio platform
How Autonio Works?
As I told you earlier that Autonio is an AI-based algorithmic trading bot that's why it uses pre-programmed software that analyzes market actions, such as time, price, orders, and volume.
It provides a user-friendly GUI allowing its users to conveniently formulate the best strategy for trading and executing their trades.
And the interesting thing is that you can use more than 25 trading indicators to rigorously analyze the market in order to generate appropriate buy/sell signals to maximize your returns using Autonio. Some of these indicators are Exponential Moving Average (EMA) crossovers, Relative Strength Index (RSI), Bollinger Bands, and Ultimate Oscillator etc.
NIO tokens, which are ERC-20 tokens used as a GAS on this platform.
To get membership of this platform you need to pay nominal $50 per month in NIO tokens which are ultimately burned rewarding the NIO token HODLers.
Also, experienced traders can sell their AI-optimizations in NIO tokens to buyers who are interested in using the algorithms thus creating a competitive marketplace of AI algorithms. This way newbies who aren't that experienced can copy other experience traders and reap benefits out of it.
Autonio ICO & Token Economics
Autonio ICO started in September 2017 with a total supply of 256 million NIO tokens with a hard cap of $10 million.
But the ICO could not get that much traction and concluded with collecting 180 ETH or about $54,000 at that time.
But due to that about 35 million NIO tokens were burned post token sale, and 35 million NIO was evenly distributed among token sale buyers according to the contribution they made with huge bonuses.
After that 154,638,654 NIO tokens were locked in a multisig wallet at 0xf2cCc772596db904F4f77290BB21Ada3B00a8A08 as team tokens which can be audited by anyone now also, leaving 65,828,135 NIO as the circulating supply on CoinMarketCap.
Moreover, another interesting thing is that 80% of the total NIO supply will be eventually burned and this will be in various forms such the membership fees and other fees that are the part of Autonio system, which I think is a very healthy economic incentive for NIO HODLers.
And to put things in just perspective the initial few ICO investors are now sitting at +50,000% profit since the conclusion of Autonio ICO because Autonio skyrocketed recently and is expected to grow in the future as well.
When you first glance at the team you may think it is not that impressive but I after digging a bit I can only say that these people are real!
And the way they have been carrying forward their vision despite a modest ICO is simply commendable and speaks volumes in itself about their dedication.
But however future will tell how far they can go and achieve their targets & promises.
Some notable people from the team I have listed below:-
Where To Buy NIO?
NIO tokens are not available on major exchanges but I think the team is not that focused on forcefully pushing the things and is focusing on making their product better.
But still, for early interested investors, there are some options from where you can buy NIO tokens.
EtherDelta-NIO/ETH
Mercatox– NIO/BTC
IDEX-NIO/ETH
NIO Wallets
NIO is an ERC-20 token so basically, you can store it in any Ethereum token supporting wallet. Some of the wallets that I can suggest you are:
Decentralized AI-based trading is new to cryptocurrency space and its various use-cases are just coming up.
But I think early movers and pioneers like Autonio, who have a working product right now to use will win because cryptocurrency trading is here to stay even if once or twice the market crashes.
So it makes sense in looking into this project with a long-term view because actually very few understand its true worth.
Moreover, promises and roadmap like this will only push the project in a positive direction.
@AI_Autonio$NIO is going to have one of the biggest 2018's. -Own exchange incoming -Updating trading software -Big partnerships -Listing on other exchanges
This just become my main long hold! If all is successful I can see this doing a binance ($2B) & kucoin ($1.3B) run. http://pic.twitter.com/kiyAOXAsgE
And if you ask me, I am really bullish on this project based on fundamentals and the kind of result their trading bot showed in NIO crypto trading championship. See here for more details.
So that's all it from my side in the introduction of Autonio project and soon I will be back with some real test results after I have started using it.
But if you are super excited to use Autonio right now then go ahead and download the software from here and use this Autonio beginners tutorial to set you up.
I hope this detailed analysis helps you in making a good decision. Share that decision with us in the comments below!
If you liked the post, don't forget to share it with your friends and family on social media!
Official Autonio Resources:
Below are some links that will keep you updated about Autonio:
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