Recently, the spotlight has been cast on yPredict, a formidable entrant to the sphere of trading research and analysis. The brainchild of AI specialists, financial quants, machine learning maestros, and seasoned traders, yPredict is touted for its data-centric tools chalked out for traders to make insightful investment choices.
The platform, which is coursing on the Polygon Matic chain, leverages YPRED tokens. Impressively, a pre-sale medley has already manifestly netted a cool $3,721,714.55 of its first round target of $4,582,551.25, with each token affixing the price tag of $0.1.
Among the treasure trove yPredict has on affording, the prediction marketplace stands out. Financial data scientists have the facility to pawn off their predictive models to the highest prospective bidder, who can then use them as a subscription service. This model circumvents the obstacles posed by the need for model creators to delve into cumbersome trading operations or scout for a market for their inventions.
Meanwhile, the tokenomics talking points serve as a roadmap to the complexity of the matter. In a nutshell, there is a total of 100 million YPRED tokens, 80% of which have been reserved for presale, while 10% ensure liquidity. The remaining stash is divvied up evenly between further development initiatives and bolstering the treasury.
Having YPRED tokens in the back pocket is akin to holding a magic wand within the yPredict fold. Not only do they allow subscribing to predictive models, but they also open the gates to taking part in the vibrant marketplace’s decision-making machinations.
However, yPredict is not a one-trick pony. Its scope extends beyond mere price predictions, tempting traders with a smorgasbord of analytical tools. Pattern recognition features pinpoint various chart patterns and append a confidence score to enhance the trading judgment. Sentiment analysis, another feather in its cap, gauges the general sentiment by perusing news and social media chatter pertaining to a particular asset. Also, the platform holds under its wing the transaction analysis tool, scrutinizing transactional and tick data for assets, thus generating actionable, data-backed intel.
To cut a long story short, yPredict, edging closer to its pre-sale target with an already hefty $3.7 million in the kitty, morphs AI and financial expertise into a one-of-a-kind platform. It manages to discern data-driven insights while flashing a vibrant marketplace for predictive models. This is mainly fuelled by YPRED tokens and their various utilities, from staking to voting. As the financial world increasingly embraces blockchain technology, yPredict’s model seems ready to capture the upside, while the risk associated with the developing technology remains a question for potential investors.
Source: Cryptonews
