RoboAdvisorCoin ICO: First Robo-Advisor with Focus on Cryptocurrencies
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The project will use Blockchain technologies to provide real-time forecasts and risk analytics.
RoboAdvisorCoin (RAC), the first Robo-Advisor dedicated to the world of cryptocurrencies and digital assets has officially opened its Initial Coin Offering (ICO). All information about the ICO are available in its detailed White Paper on its brand new website: www.roboadvisorcoin.com.
RoboAdvisorCoin has been founded by serial tech and ICT entrepreneur Edoardo Narduzzi.
RAC aims to empower users with accurate real-time forecasts and statistical analyses related to the fast-evolving market of cryptocurrencies and digital assets.
The main platform has been extensively tested over the last four years by providing forecasts and performance analytics for traditional securities including equities, bonds, ETFs, and mutual funds. Since last August, the artificial intelligence architecture on which RoboAdvisorCoin is based has produced daily reports and forecasts for more than 1,200 cryptos and tokens, generating a fully automated original source of specialized information. The service provided can be thought of as a hybrid between platforms such as Spotify and Bloomberg in that:
- It offers its users the ability to select and track a personal “playlist” of preferred cryptocurrencies and digital assets, also equipping them with a full set of on-demand analytics and forecasting tools;
- It represents a digital platform which fully exploits the timeliness and accuracy of complex machine learning algorithms in the context of big data analytics to provide reliable, personalized predictions and performance measures on cryptocurrencies and digital assets.
RoboAdvisorCoin will provide transparent and verifiable Robo-based forecasts which will then be stored onto the Blockchain. The underlying idea is to provide a shared, immutable, and transparent database concerning all forecasts and analyses generated by our Robo-Advisor. The platform embraces the challenge of decentralizing forecasts through the Blockchain, which means that every user will be able to access the platform and produce personalized reports containing accurate information on their personal “playlist” of cryptocurrencies and Tokens.
RAC has decided to reserve only to its newly issued token subscribers the use of its unique cryptos forecasting and statistical services, starting from December 25, 2017.
RoboAdvisorCoin platform will deploy many services as described in our whitepaper. These services will be payable through a monthly subscription. It is envisaged that the monthly subscription fee will increase upon the introduction of each additional service.
After the closing day of the ICO, RAC token holders will be able to access all the services in exchange for RAC tokens. The number of RAC tokens needed to access any given service will stay fixed for a period of four years and will include any service that SteadyWealth will launch or create during the same period.
The forecasting services will be exclusively available in exchange for RAC tokens. This is due to the fact that there will be an improvement of the existing infrastructure using blockchain related technologies and the production of accurate and timely forecasts as personalized reports and news will be possible thanks to the RAC contributors.
In addition to that, as described in our roadmap, there will be indexes for crypto-currencies which approximate market trends for the sector and contain all the currently existing Cryptos and Token. Another very distinguishing feature will be services gaming-oriented such as the Beat the Bot and the Robo-Race.
Finally, the ability to provide on-demand forecasts represents a key building block for an innovative tool which will be specifically designed for Miners, with the specific intent of delivering a set of analytics to help optimizing their production functions and profitability.
The logic behind this service is that Miners can process on demand predictions for the universe of interest, and couple the knowledge provided by the platform with their information on the available production technology to choose what Crypto is more profitable to mine at any given time. In the absence of a term structure of futures contracts, such on-demand service provided by the platform will certainly prove to be crucial information for Miners and market operators.
RoboAdvisorCoin counts on a wide, experienced and outstanding team of international professionals guaranteeing the best evolution of the technological project. RAC tokens owners will have access to all existing and future services provided by the platform for an initial price which will be fixed until 2021. We believe RoboAdvisorCoin represents a cutting-edge mix of artificial intelligence, big data analytics, and Blockchain technologies applied to Digital Currencies and Digital Assets. This will make RAC an indispensable support tool for the design and optimization of Crypto-trading strategies and risk management, as well as a reliable partner for Miners in setting out their productivity goals.
RoboAdvisorCoin launched a bounty program, which allows users to earn RAC tokens by participating in several activities. The program consists of four campaigns (Bitcointalk, Twitter, Blog and YouTube) and is addressed to bitcointalk members. From November 9th, 2017 until December 1st, 2017 interested people can join the program. Program details are available on the website and on bitcointalk.
The ICO will officially begin on November 24th at 1500hrs GMT. Steadywealth Limited (the ‘Company’) intends to generate 4,000,000 RACs which the Company intends to allocate in accordance with the following scheme of distribution:
- 25% of RAC tokens will be reserved for the Robo-advisory team;
- 25% of RACs will be reserved for RoboAdvisorCoin platform;
- 50% of RACs will be distributed to contributors during the ICO.
RAC tokens held by the Company will be used to incentivize other systems to interact with the platform. The Company commits to hold at least 90% of these retained RAC tokens for a period of at least 12 months from the date of the opening of the ICO. The Company aims to raise a maximum of 100,000 ETH (‘Hard Cap’) and a minimum of 3,000 ETH (‘First Cap’) with a second cap set at 15,000 ETH. Exchange rate:
- 1 ETH = 28 Robo Advisor Tokens (RAC) subject to the soft cap of 3,000 ETH.
- 1 ETH = 24 Robo Advisor Tokens (RAC) subject to the cap of 15,000 ETH.
- 1 ETH = 18 Robo Advisor Tokens (RAC) subject to the cap of 100,000 ETH.
The above value represents a total maximum amount of 1,902,000 RAC allocated for contributors during the ICO timeframe. The balance of 98,000 RAC tokens could be allocated in pre-sale upon requests.
Launch date: 24th November 2017
Token launch time-frame: 30 days or upon reaching the maximum ETH allocated, whichever is the earlier.
In the eventuality that the First Cap is not met, all subscribed ETH will be returned to each respective contributor.
DFAdvocates, a leading Malta law firm, has acted as legal consultant for the ICO.
All information relating to the ICO, including the relevant White Paper, is currently available on the abovementioned dedicated website.
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