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AI-Powered Crypto Trading with WatermelonBlock

AI-Powered Crypto Trading with WatermelonBlock

Reading Time: 3 minutes by on July 17, 2018 Blockchain, Business, ICO/IEO, Investment, Tech
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While cryptocurrencies have proven to be one of the most accessible means of investment for all different kinds of people, the system still has its issues. Notably, as there are thousands of different cryptocurrencies on the market today, and hundreds more launching through ICOs each month, it can be nearly impossible for both new and seasoned investors to figure out what’s actually going on. Most importantly, finding the right asset to invest in could require dozens, or even hundreds of hours, of careful research and analysis, something that most of us simply can’t do.

That’s why the team behind WatermelonBlock, a new investment analysis tool powered by some of the world’s most advanced AI resources, has put together a new system that will make finding the perfect investment quick and painless, instead of arduous and time intensive.

What Is WatermelonBlock?

WatermelonBlock is a mobile-centric app that’s coming out both to iOS and Android. The app is designed to automatically collect data from dozens of sources such as market trends and social media sentiment. It then combines it all into an easy to read set of numbers called a Melon Score that can give investors of all skill levels an easy way to judge cryptocurrency investments and their potential for future growth or adoption.

The rollout of WatermelonBlock is divided up into two main phases.

Phase one is all about the trading intelligence app that gives each cryptocurrency project a score based on combining the available data sources alongside general sentiment trends which can have a significant effect on a coin or token’s market price.

For example, if the AI that powers the app notices a large number of users on Twitter or Steem writing negatively about a project, the system will make a note of it and adjusted the score accordingly. On the flipside, if lots of positive sentiment is detected and hype appears to be building, the score will go up proportionally to the amount of activity that the AI sees.

Phase two take things into an exciting new direction and leaves the realm of information only, and instead jumps into the world of trading action.

Specifically, phase two, which is expected to launch in the second half of 2019, will create a fully automated trading system for advanced users. It will leverage the same system that produces the intelligence data on ranking cryptocurrencies but will use it with a number of other advanced trading algorithms to automate the trading process so that users can benefit from having a 24/7 artificially intelligent eye on the market.

Automate to Dominate

For those unfamiliar with trading automation, you may be wondering, why would you trust your finances to an AI?

The answer to that is fairly straightforward. Humans need to sleep, rest, or focus on other duties like a day job. An AI, on the other hand, does not submit to any distractions and instead can focus on nothing but markets and market sentiments every second of every day.

That way, when a new trend is spotted forming, the AI can automatically move some funds into where the hype is developing, wait for the hype to form fully and for prices to go up, and then sell before prices stabilize again. Even though gains on these trades might be just a few percentage points, when combined and replicated for several days or months, they can become substantial.

Of course, it’s important to remember that when dealing with an automated trading system, gains are not guaranteed. That’s why the WatermelonBlock system allows you to maintain more detailed control over actions and to prevent the AI from making trades that are outside of your comfort zone.

The NEM-Powered WMB Token

WatermelonBlock offers a number of features for all users without any fees. For example, getting access to the app and it’s scoring functions are free. But for power users that want to get the most out of the system, WatermelonBlock will offer premium features which can be unlocked using WMB tokens which operate on the NEM blockchain. Premium features will be provided on a monthly subscription model.

So why use NEM and not Ethereum? According to the WatermelonBlock white paper:

“[The] NEM blockchain is the perfect complement to the WatermelonBlock network, as it provides low latency scalability, secure decentralization, and is based on the same blockchain that global banks use.”

WMB tokens will be offered through an ICO which will begin with a pre-sale launch on July 27, 2018. Tokens are available for $0.116 each, and pre-sale participants qualify for a 45 percent bonus with a minimum buy-in of five ETH. In total, 400 million WMB will be available for sale, with a hard cap of $19 million.


Disclaimer: BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

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