Endor Protocol bringing AI to financial trading
Hello Endorians,
We wanted to share with you a project we have been working on with a third party over the past few months that has been utilizing Endor’s platform to power its AI capabilities. Endor’s vision since its inception has always been to empower businesses and individuals across varied industries, large and small alike, with sophisticated AI capabilities to analyze big data.
Algowave is a third party digital asset trading application which allows traders to manage their digital asset portfolio across multiple exchanges in one seamless interface. They are now offering their customers the opportunity to utilize trading predictions, generated by the Endor Protocol platform, which has generated 2,500 predictions to date. This is a huge milestone for Endor to deliver an AI engine, powered by the EDR token, on which businesses can build applications and services.
Algowave recently completed a limited beta, which was conducted from December 2018 to date, during which Algowave customers were able to acquire crypto predictions at a cost of 1,200 EDR per prediction.
The results below reflect the first 100 consecutive days of trading:
How Did the Beta work:
During the term of the Beta, Algowave provided its customers with a list of up to 10 crypto tokens it determined, utilizing the Endor platform, are most correlated with other tokens characterised with price increase. Such tokens that had the highest correlation traits to such desired attiributes were to be purchased at the opening price and sold at the closing price, on a daily basis*.
In parallel, Algowave examined two alternative investment strategies during this time period to compare with the correlations generated by Endor’s AI platform:
1. Identify the top 10 crypto coins with highest price increase from the previous day. The identified tokens were purchased at the opening price and sold at the closing price, on a daily basis.
2. Identify the top 200 most active (highest trading volume) crypto tokens from the previous day. The identified tokens were purchased at the opening price and sold at the closing price, on a daily basis.
*Only tokens traded on Binance exchange were included in the above and daily trading commissions of 0.01% are included. These results may not necessarily be representative of results on other platforms or commission structures.
Results:
1. The reported ROI of Algowave, utilizing the Endor platform to produce its trading predictions, was 4X higher than alternatives
2. When using Endor platform’s predictive analysis features, Algowave’s daily ROI was higher than 5% in more than 13% of the days, which reflects improved performance of more than 2X compared to alternatives.
3. MDD (Maximum Drawdown) was similar to the leading alternative strategy, however the performance of Algowave, using Endor’s platform, recovered 4X faster.
We are excited to share the news of Algowave’s results, utilizing the Endor platform. Algowave is now offering predictive trading strategies to the general public. In parallel, we have been approached by additional third parties seeking to provide their customers with improved AI-powered capabilities. We will keep you updated as we continue to grow third party adoption of the Endor Protocol across varied industries worldwide.
Thanks, as always, for your continued support!
DISCLAIMER: Past performance may not be indicative of future results. Endor’s platform is not designed to exclusively analyze financial instruments or investment options, and does not make any recommendation as to whether or not purchase of any instrument is suitable or not, nor does it provide investment advice generally. Users of Endor’s platform provide data inputs to Endor’s software, which provides an analysis of correlational strength between different inputs. There is no human interaction from the Endor platform with a user of the platform. Individuals working with Endor may not revise or otherwise impact the analyses generated by the Endor platform. Purchases of different types of financial instruments and/or digital assets involve varying degrees of risk, and there can be no assurance that the future performance of any specific instrument, purchasing strategy, or product analyzed in part or in whole through the Endor platform will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your purchase. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this release serves as the receipt of, or as a substitute for, personalized investment advice from Endor. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to their individual situation, he/she is encouraged to consult with their own professional advisor.
EDR is listed on the following exchanges：
Upbit , Bitrrex ，Hotbit , BitForex ，Houbi korea , CoinTiger ，Bilaxy，Trade.io , Coinall , KuCoin , Idex , DigiFinex , P2PB2B , OAX , CoinBene , LATOKEN , BitMart , Coinbit , ABCC .
