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Ftec Ico Review : For traders. By traders

About Ftec

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Ftec is an ecosystem of intelligent services and neural networks for conducting effective trading activities on cryptocurrency markets. Apply for Apply for Company whitelist to be the first to receive tokens at a 25% discount and get into the private testing of the system modules.We reviewed a number of existing solutions, conducted a comparative analysis and found that completely similar products are not represented on the market. Because their implementation is quite complex and requires some experience in software development due to all the features of the cryptocurrency industry. Ftec team got this experience while developing the coinbot.club project and therefore we strive to scale up to take Ftec place in this industry.The idea of constructing a whole cryptocurrency ecosystem did not emerge out of the blue but was a logical conclusion from a broad experience gained during the development of cryptocurrency projects as well as trading services. Almost a third of our team members have been trading for a long time and had been involved in the industry even before the rapid development of
the cryptocurrencies. The first and biggest problem we wanted to solve was the automation of the trading process. Exchange trading itself requires a constant study of a large number of statistical parameters, news, social signals, trends, and so on.The second step. Creating a social bot that would analyze all Twitter content by an adapted dictionary. Thus, we managed to improve the effectiveness of the trading platform by analyzing the impact of messages that contained words such as listing,partnership, update, hard fork. All implementations of arbitrage algorithms take place on a special
module for interactions between the exchanges. It is a protected REST API for the work with the main module, which is an interface for the workwith users. To share data with exchanges’ public APIs, this uses
encrypted https request. The Arbitrage Assistant can be applied in two modes – automatic and manual.
In manual mode, the assistant searches and displays arbitrage windows on exchanges which provide reliable access to current prices through their own APIs. Additionally, the trader can select a number of parametersb to narrow the resulting sample, namely.

Basic Information

Web site FtecNO Linkedin Page Ftec
Whitepaper FtecTelegram Account Ftec
Facebook Page FtecSlack  For Ftec
Twitter Page FtecGithub For Ftec

Problem

The key problem Ftec faced in developing Company first trading algorithms was order book limitation on exchanges. So if automatic module finds a situation when the user can get a profit on the market, it also needs to define a queue of people for whom purchase and sale will be made. As price is not a constant value and the price of further purchases increases after the purchase of the first user (because buying demand has risen), the next user will buy at a bigger price. So a potential profit of the last user is significantly lower. The same situation is during the sale process. Sale for the first user will be at the highest price and profit and for the last user – at the lowest price and profit. Ftec can use ecosystem’s tokens to solve this problem. Let’s consider what advantages Ftec own token can provide.

Solution

Ftec Firstly, amount of issued tokens is constant. Thus, the possibility of additional token emission is liquidated. It means that every token holder can be sure that he can manage a part of tokens he bought.
And secondly, Ftec will have an opportunity to form a certain queue of users because of uneven distribution of tokens between holders. In this case, any user can influence the position he has in the queue by changing the number of tokens he has. The user will be able to track his position in the rating by using the relevant tool in user’s account. The place in queue will be determined by the number of tokens on user’s balance within the system. Tokens, which are held on exchanges, will not be considered
during the queue forming. Taking into account all above-mentioned factors, using Ftec own token can solve fundamental problem and allows to form fair queue which cann be influenced by users.During the project’s development, there will be situations when token holders will be able to make decisions about the vector of the ecosystem’s movement. FTEC holders who have more than a certain amount of tokens
on balance within the system have a voice in questions of project development. Such votings will last a certain amount of time and all users will be notified of their start. To prevent users from increasing his voting weight by creating a few accounts, the voting weight will be determined by the amount of tokens which were on the user’s balance at the moment of voting start.

Advantages

Already available product (coinbot.club), partially open source code, comprehensive approach, absolute transparency and accountability, explicit development strategy based on Token Sale results.

 Ecosystem products usage

Smart Trading System :  A set of 12 modules, which automatically trade through tested, verified and debugged algorithms.

Adaptive Social Assistant : Is a program module that sends filtered news to a trader from cryptocurrency accounts on social networks by preadapting them to specified parameters.

Service of Trader’s Behavioral Analysis :  Is a module that analyzes the trading history and forms recommendations on how to change the trading strategy to achieve better profitability.

Exchange Order Management Module : Is a service that allows you to simultaneously set Stop-Loss and Take-Profit levels and additionally calculates the most favorable price for opening an order based on its own mathematical algorithm.

Analyzer of the News Background :  Is a module based on a neural network that is built on LSTM architecture. Analyzer generates reports based on the flow of information from the media.

Global Price Analyzer : Is a program module for finding the most profitable offers on the exchanges, which allows you to save on the difference in rates of cryptocurrencies on various exchangers.

Telegram Assistant : Is a program module that allows the trader to interact with the main ecosystem functionality through the Telegram messenger interface.

Token

Since order book of any cryptocurrency exchange consists of orders with different prices, automatic trading modules face a dilemma of priority of buying/selling order execution. Ftec own token can solve fundamental problem we faced and also gives token holders certain advantages. Due to a constant number of tokens, users will be able to influence their position in the queue by selling or buying tokens. The system will have a mechanism for calculating certain queue of users owing to the uneven
distribution of tokens between holders. The place in this queue will determine potential profit of token holder because his orders will be executed earlier and at a more favorable price. You can learn more about options for use of the token in the relevant section of the WhitePaper.

Token Sale

Main Token Sale stage is characterized by the active implementation of the product itself, a transition from a prototype to a ready-made solution with the possibility of public testing and the first profits for Token Sale participants.At the main stage of the Token Sale, we are collecting funds for the
implementation of the entire functional ecosystem. Since it essentially consists of a large number of individual modules, it is reasonable to hire individual workers for each one of the modules. Each module will be located on a separate server, so it will be necessary to provide support and configuration of these servers by system administrators. DevOps are required to coordinate commands between each other and provide their needs in external services. The quality of software development will be monitored by the test staff. To maintain community interest, additional marketing expenses will be devoted to the project.
Extensive funds will be spent to provide the necessary infrastructure. After all, such things as protection against DDOS attacks, the purchase of facilities and datasets for the training of neural networks are very
important tasks for such a project.

Pre Sale

Before the official launch of the Token Sale, for users who want to receive tokens, a campaign will be conducted to present the token mission. That will allow to determine the level of people`s interest in the future project. Since the ecosystem already has a prototype and is in active development, at the time of Pre-sale the interested users will be able to evaluate some ecosystems services. The achievement of hard cap in Pre-sale will allow to hire additional staff with clear and determined tasks. Soft cap on Pre-sale is 2000 ETH, because it is just a necessary sum to prove interest in the implementation of the service and will allow a fullscale advertising campaign. Hard cap in 4000 ETH will allow Company not only to realize the necessary level of advertising but also to start active development of certain products for which it is necessary to purchase the necessary capacities and extend the staff. In order to participate in Pre-sale, it is necessary to go to ftec.io web-page at the moment of Pre-sale start and find the instruction on how to get Ftec tokens. The receiving will be based on the principle of FIFO (first in first out), which is implemented as a queue. The first person who has applied for the receiving of tokens will be processed in the first place, and the latter, respectively, will be the last.

Token Utility

Since order book of any cryptocurrency exchange consists of orders with different prices, automatic trading modules face a dilemma of priority of buying/selling order execution. Ftec own token can solve fundamental problem Ftec faced and also gives token holders certain advantages. Due to a constant number of tokens, users will be able to influence their position in the queue by selling or buying tokens. The system will have a mechanism for calculating certain queue of users owing to the uneven distribution of tokens between holders. The place in this queue will determine potential profit of token holder because his orders will be executed earlier and at a more favorable price. Besides that, FTEC holders who have a certain amount of tokens will be able to influence the further development of ecosystem by voting. You can learn more about options for use of the token in the relevant section of the WhitePaper.

Guarantees and Refund

Soft cap Pre-sale is limited by 2000 ETH, 25% of the collected funds will be spent on the marketing tasks of the main round of Token Sale. 75% of ETH coins will be spent on the development of alpha versions of program modules and execution of planned items from the Roadmap. Stage of Pre-sale also has a hard cap of 4000 ETH. As soon as this value is reached, the Pre-Sale will be completed and preparations for the Token Sale will begin. The Token Sale Main Round, accordingly, is limited by the hard cap of 26,500 ETH. The structure of expenditure of funds collected during Token Sale is described in a separate paragraph of this White Paper. Pre-sale Smart Contract include a refund function that allows users to return their money in case if soft cap is not achieved. The mechanism for returning funds is implemented through the feature within the smart contract, since reverse transactions will cost a certain amount.

Market Entry

First of all, it should be noted that Ftec already have a working product that has already entered the market and is profitable. So our strategy ofentering the market is based on the main items of the Roadmap for the coming year. In particular, it is a release of beta versions of the main ecosystem modules. The task of creating a truly working ecosystem in the shortest time possible is the cornerstone of the development strategy for the coming year. In addition, it is very important to take into account the constant change in trends and tendencies in the field of cryptocurrency. For example, almost every month new promising projects, coins and approaches to the use of blockchain technology appear. Ftec team clearly understands that being successful in this market means tracking these changes and offering new unique solutions.

Team

Ftec

Advisors

Ftec

 Also Read – Binance Review – Best Altcoin Trading Platform

This article is writing on 05 April,2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- 918077121282

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website.So Please take care of your investments. and be in the safety site and avoid much losing online.

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Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 5900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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