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OFNOG 3.5/5 (1) - Comprehensive cryptocurrency trading signals and automation platform

The OFNOG Solution monitor the market trends and trading patterns on various exchanges and trading platforms for multiple cryptocurrency and crypto-fiat pairs. With the use of specialized tools, the platform will analyze the data and identify suitable entry opportunities to place orders for better prof it margins. The platform has dedicated strategies designed to enable short span trades in the range of few minutes to potentially achieve smaller profit margins. In addition, the platform will also include other trading strategies to suit the requirements of different traders. The system consciously incorporates a simple user interface to further simplify the whole trading experience...

Token sale ended

3.5
Hype3.0
Security3.0
Team4.0
Vision4.0
  • Token: OFNOG
  • Price: 1 OFNOG = $0.10
  • PreICO start: 15 Apr 2018
  • PreICO end: 14 May 2018
  • ICO start: 15 May 2018
  • ICO end: 15 Jul 2018
  • Country: United Kingdom
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The OFNOG Solution monitor the market trends and trading patterns on various exchanges and trading platforms for multiple cryptocurrency and crypto-fiat pairs. With the use of specialized tools, the platform will analyze the data and identify suitable entry opportunities to place orders for better prof it margins. The platform has dedicated strategies designed to enable short span trades in the range of few minutes to potentially achieve smaller profit margins. In addition, the platform will also include other trading strategies to suit the requirements of different traders.
The system consciously incorporates a simple user interface to further simplify the whole trading experience. Whenever the tracking solution aka market monitor solution identify a trading pattern that signifies a profitable opportunity, it pushes the signal to the users over the OFNOG platform on their computer or smart phone. The signal will include vital information of the trading opportunity including but not limited to the asset price, quality, volume, charts etc. The recipient can refer to these signals and if they wish to make use of the opportunity, can enter the amount to be invested and the desired profit margin (the margin should be in the range stated by the signal) within the same application.

After receiving the user input, the trading automation bot kicks in and starts placing orders on supported exchange’s over the connection established through APIs. The bot will continue tracking the order until its execution. If, by any chance the market doesn’t act favorably, the bot will initiate a stop loss function to prevent losses for the user.

Introduction
The introduction of Bitcoin in the year 2008 marked the beginning of a whole new era. The first cryptocurrency has over time created an entire new industry segment with a wide range of applications. Simultaneously, the number of new cryptocurrencies that make up for this segment have skyrocketed, thanks to various new tokens associated with blockchain projects and other standalone blockchains protocols.
Cryptocurrencies, by virtue of their underlying blockchain technology come with a multitude of benefits, including decentralized structure, ease of use, overcoming geographical restrictions, fast and secure transactions and a lot more. Now, over a period of time, what made an appearance as an alternative to fiat currencies has turned into a lucrative speculatory tradable asset that can bought and sold against other cryptocurrency or fiat pairs.
Like conventional financial assets, some of the basic principles remain the same with cryptocurrency trading as well. At the same time, there are many other factors that need to be considered while speculating the price movements of cryptocurrencies which presents itself as a unique challenge to be solved by the use of some of the latest tools that are currently at our disposal.
OFNOG is a blockchain project created by a team of IT experts with experience in multiple Fortune 500 companies. They are using Artificial Intelligence (AI) and Deep Learning technology to introduce a certain degree of automation into the cryptocurrency trading process. With the use of these breakthrough technologies, they aim to lower the entry barrier for both newbies as well as experienced traders and enable them to execute
profitable trades.
Problem Statement
The year 2017 has created a milestone if sorts in the cryptocurrency industry after the prices soared to record highs, which continued into the new year. The surge in cryptocurrency price has created renewed interest among investors and traders, both individual and institutional to diversify their portfolios by including crypto-assets. The phenomenal rise in the number of traders supplemented by trading platforms has resulted in lot of confusion among the community members, especially due to the high volatility of crypto-assets, varying prices on different platforms and not to mention, the 24/7 markets.
New traders are clueless about the mechanics behind cryptocurrency price variations and interpretation of price trends. With limited exposure, as they explore the market, many are encountered with losses due to poor trade decisions and changing market scenario.
In such a situation, a solution that can make it easier for traders to take the right decisions is most welcome and the rising numbers also make it imperative that such a solution can cater to not just a small group of people but the entire community.

Solution
Advancements in information technology and computing has enabled the implementation of automation solutions across various industries. The same can now be expanded to include the cryptocurrency trading as well. The use of trading bots is not a new thing, and many have in the past used them to automate their trades. However, the trading bots can only execute trades based on few pre-defined parameters, which may not be ideal in
many cases. Not to mention the fact that some of the platforms have taken measures to prevent such activities.
However, the use of Artificial Intelligence and Machine Learning provides a much better alternative to mindless trading bots. As Artificial Intelligence takes a step closer to gaining maturity, platforms like OFNOG are working on combining AI and Deep Learning to cryptocurrency trading. Such a platform will be capable of monitoring the markets, collecting critical data, conducting in-depth analysis of the historic market trends and comparing them with fresh data sets to predict potential future price movements. Signals derived from such analytical processes can be readily used by traders to place orders on relevant exchanges and reap profits. It also paves the way for further automation with bots.

OFNOG is a comprehensive cryptocurrency trading signals and automation platform that makes use of Artificial Intelligence with Deep Learning. The platform will be available on both desktop version as well as a mobile application for both Android and iOS devices.
Some of the OFNOG Team members have been involved in various AI, Deep Learning and Blockchain projects in some of the biggest corporations in the world. With their IT expertise, financial background and the rising market need for a smart yet simple and easy to use trading solution has positioned the platform’s offering in the sweet spot.
OFNOG will be based on a whole suite of software applications, including their proprietary applications, which will be instrumental in devising profitable trading strategies for users.
The strategies will be devised using the constant stream of market data provided by OFNOG bots and user input/preference.

Team

Manoj Deb

Founder & CEO

Mayank Sharma

Director-Sales & Marketing

Umesh Chandel

Manager Sales

Abhinav KS

Corporate PR

Himanshu Pandey

Sr. Consultant

Maloy Trpathi

Project Manager Blockchain

Inderjeet

Account Manager

Neha Verma

Public Relations Manager

Ritu Kapur

Human Resources Manager

Arun Sharma

Senior Software Engineer

Anjali Mamgain

Consultant Blockchain

Advisors

Milestones

Token

  • Platform: Ethereum
  • Price: 1 OFNOG = $0.10
  • Accepting: ETH, BTC
  • Token distribution: 50% - Crowdsale 25% - Bounty & Owners 25% - Bonus

Proof Points
3/5

Legal entity

https://portal.kyckr.com/

Prehistory of project

No prehistory of project were found.

Product or its MVP

https://github.com/OFNOG/OFNOG-Smart-Contract

No working product or its MVP were found.

Blockchain experience

Himanshu Pandey
– Sr. Blockchain Developer, Architect, Consultant at https://www.devgenesis.com/
– Senior Blockchain Developer, Architect at http://www.adbank.network/
– Lead Project Developer & Advisor at http://soarlabs.org/
– Sr. Blockchain Developer, Architect, Consultant at http://www.pocketinns.io/
– Smart Contract Auditor at https://www.paypie.com/
– Sr. Blockchain Developer at http://www.xinfin.org/

Maloy Trpathi
– Chief Technology Architect at https://www.bitcoinichip.com/
– Sr. Blockchain Developer, Architect, Consultant/Blockchain & Smart Contract Developer at https://www.devgenesis.com/
– Senior Blockchain Developer, Architect at http://www.adbank.network/

Olga (Danilovich) Novitskaya
– Partner at http://pr-ico.com/
– consultant marketing https://www.fundplatform.io/
– marketing communications https://immla.io/

Escrow

No escrow information were found

Comments

Updated 20.05.2018

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