First Global Credit Brings AI to Cryptocurrency Trading via AICoin ICO
- “The inefficiencies of the cryptocurrency markets have created a rare and truly unique opportunity."
First Global Credit, a London-based cryptocurrency capital markets company, has announced it entered into a partnership with a team of developers using Artificial Intelligence (AI) trading algorithms to form AICOIN, an ICO that will formally launch on July 17 and is currently in community review mode.
The London Summit 2017 is coming, get involved!
The coin uses the power of artificial intelligence to generate ongoing profit. These profits are then used to finance investment in early stage companies focused on public blockchain or AI technology. The quarterly selection of start-up companies will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term off the collective knowledge and experience of all token holders who vote on which companies will receive investment. Since AICOIN is built on the ethereum blockchain, the functionality of the smart contract is used to provide transparency and supervising control of the voting process.
This structure differs from most current legitimate ICO offerings, that have largely been used as a way to crowdfund a single blockchain focused business idea and/or user community. In the short term, the value of AICOIN will increase based on profits generated from the Artificial Intelligence trading models. The algorithms have been trained to look for inefficiencies in the top seven cryptocurrency markets that it can profit from trading.
Exploiting the inefficiencies of the cryptocurrency market
“The profit you can see being generated on the blog, in itself is not that exciting as cryptocurrency is in a bull run right now,” states First Global Credit CEO Gavin Smith, who has driven development of the AICOIN partnership. “But it does form the basis of what might just be a real game changer in the field of early stage venture capital investing and why we have created AICOIN.”
“The inefficiencies of the cryptocurrency markets and relatively small numbers of participants have created a rare and truly unique opportunity for AICOIN’s technology to really benefit token holders,” states Smith. “AICOIN’s AI coupled with First Global Credit’s hedging engine allows us to take cryptocurrency market positions in a very efficient way that will maximize the profit potential of each and every trade. Then we will recommit some of those profits to scaling up trading, some of the profits go back into AI research and the rest of the profits will be committed to find the best and the brightest talent in the two most disruptive technologies the world has seen since the advent of the Internet.”
Marcie Terman, the other founding director of First Global Credit, adds: “The efficiency and transparency that ethereum affords us has never existed before. This has made it possible for us to benefit from the collective experience and knowledge of our token holders, what has been called 'The Wisdom of the Crowd.' AICOIN will generate a better result than an angel investor whose decisions are limited by scope of knowledge and personal bias.”
“Every few months we will take a position in a new and exciting venture. Then, when we start looking at exit strategies for the first ventures in a year or two down the road, AICOIN’s value will reflect the fact that we may well be sitting on future market leaders like the world’s next Uber or Amazon,” says Terman.
First Global Credit, a London-based cryptocurrency capital markets company, has announced it entered into a partnership with a team of developers using Artificial Intelligence (AI) trading algorithms to form AICOIN, an ICO that will formally launch on July 17 and is currently in community review mode.
The London Summit 2017 is coming, get involved!
The coin uses the power of artificial intelligence to generate ongoing profit. These profits are then used to finance investment in early stage companies focused on public blockchain or AI technology. The quarterly selection of start-up companies will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term off the collective knowledge and experience of all token holders who vote on which companies will receive investment. Since AICOIN is built on the ethereum blockchain, the functionality of the smart contract is used to provide transparency and supervising control of the voting process.
This structure differs from most current legitimate ICO offerings, that have largely been used as a way to crowdfund a single blockchain focused business idea and/or user community. In the short term, the value of AICOIN will increase based on profits generated from the Artificial Intelligence trading models. The algorithms have been trained to look for inefficiencies in the top seven cryptocurrency markets that it can profit from trading.
Exploiting the inefficiencies of the cryptocurrency market
“The profit you can see being generated on the blog, in itself is not that exciting as cryptocurrency is in a bull run right now,” states First Global Credit CEO Gavin Smith, who has driven development of the AICOIN partnership. “But it does form the basis of what might just be a real game changer in the field of early stage venture capital investing and why we have created AICOIN.”
“The inefficiencies of the cryptocurrency markets and relatively small numbers of participants have created a rare and truly unique opportunity for AICOIN’s technology to really benefit token holders,” states Smith. “AICOIN’s AI coupled with First Global Credit’s hedging engine allows us to take cryptocurrency market positions in a very efficient way that will maximize the profit potential of each and every trade. Then we will recommit some of those profits to scaling up trading, some of the profits go back into AI research and the rest of the profits will be committed to find the best and the brightest talent in the two most disruptive technologies the world has seen since the advent of the Internet.”
Marcie Terman, the other founding director of First Global Credit, adds: “The efficiency and transparency that ethereum affords us has never existed before. This has made it possible for us to benefit from the collective experience and knowledge of our token holders, what has been called 'The Wisdom of the Crowd.' AICOIN will generate a better result than an angel investor whose decisions are limited by scope of knowledge and personal bias.”
“Every few months we will take a position in a new and exciting venture. Then, when we start looking at exit strategies for the first ventures in a year or two down the road, AICOIN’s value will reflect the fact that we may well be sitting on future market leaders like the world’s next Uber or Amazon,” says Terman.