FTEC ICO Review —AI Meets Cryptocurrency Trading

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FTEC ICO Review —AI Meets Cryptocurrency Trading


Two of the most talked about technological revolutions going on at the moment are in the fields of Artificial Intelligence (AI) and cryptocurrency.

The latest ICO we are going to take a look at combines them both into a complete cryptocurrency trading platform called FTEC.

They are aiming to bring a complete ecosystem for crypto trading including bots, arbitrage, signals, training, neural networks and everything else you would need to become a successful trader.

The idea behind it is for traders with any level of experience — both experienced traders and beginners — to use the tools at their disposal on the platform to improve their trading. Ultimately FTEC want to reduce the number of unprofessional traders around the world.

Below let’s take a look at what FTEC is all about, how the platform will work and details of the ICO.

What FTEC is All About

The team behind FTEC had been involved in cryptocurrencies and trading for a number of years. They already have existing services in the form of coinbot.club and cryptoangels.io, which will be the basis for the FTEC ecosystem.

FTEC is based primarily on the Smart Trading System, a set of 12 specific features which are designed to help the trader. These 12 features are as follows:-

  1. Adaptive Social Assistant — a user can choose to track industry leaders, stock exchanges etc and then receive notifications when specific words come up in the social media accounts of those leaders.
  2. Trader’s Behavioural Analysis — this analyses your trading history and makes suggestions on how to improve. For example you may exit trades too early and the advice could be to stay in longer and make more profit.
  3. Exchange Order Management — allows you to set stop loss and take profit levels and calculates the most favourable level to open an order at based on a mathematical algorithm.
  4. News Analysis —reports are generated from the flow of news media around trading topics.
  5. Arbitrage Assistant — this allows you to profit from the difference in prices of cryptocurrencies at various exchanges.
  6. Anomalous Volume Dynamics Analyser — tracks situations where is unusual volume traded of particular crypto assets.
  7. Cryptoacademy — text and video tools to help traders understand theoretical and practical aspects of trading the markets.
  8. Trading Recommendations — you can receive trading recommendations from independent traders and experts, whose reputation will be tracked using a rating system.
  9. Global Price Analyser — will look at all the exchanges to find you the best price for the cryptocurrency you are interested in.
  10. Cryptocurrency Portfolio Management — this allows you to track and manage a cryptocurrency portfolio using statistics and rebalancing.
  11. Price Notification — you can receive notifications by text, e-mail, app, messenger etc, regarding cryptocurrency pairs about set price values and take profit/stop loss coefficients.
  12. Telegram Assistant — this allows you to interact with FTEC and its features via the Telegram app. Plus there will be mobile and desktop apps too.

So as you can see from that list of 12 features FTEC will be a very comprehensive crypto trading platform with a wealth of tools to assist the trader.

Their tools already work with some of the biggest exchanges including Bittrex, Binance, Poloniex, Yobit and others.

FTEC Token — How It Will Work

The FTEC Token will be required to access the FTEC platform and then additional tokens will be paid for accessing various services on the platform as described above.

There will be various advantages to those who purchase tokens in the pre-sale and main sale once the FTEC platform is launched and node holders, including:

  • Being able to automate trades, even with a low token balance.
  • Unlimited number of simultaneously maintained orders.
  • VIP lessons in trading.
  • Being able to create a number of different portfolios at the same time.

Plus there will apparently be 12 more benefits to early adopters.

ICO Details

The pre-sale has already taken place and ran from 24th April to 22nd May 2018. There were 147,980,000 tokens available during the pre-sale.

The main public sale is due to start soon and here are the main details for it:

· Token: FTEC

· Token Type: Ethereum ERC-20

· Maximum number of tokens: 998 million

· Tokens available during main ICO: 700 million

· Token price: 1 ETH = 29,970 FTEC without bonuses (i.e. = $0.02 at time of writing)

· Soft Cap: 2,000 ETH ($1.2m)

· Hard Cap: 26,500 ETH ($16m)

· Sale starts: 20th June 2018

· Sale ends: 18th July 2018

ICO Ratings

The ICO has been reviewed by ICO rating sites and has received exceptionally good ratings. Here are some of the main ones:

  • Track ICO: 5/5
  • ICO Bench: 4.9/5
  • Found ICO: 9.6/10
  • Token Desk: 9.3/10
  • ICO Marks: 9.4/10

Those are some of the best ratings we have seen for an ICO across the board.

Conclusion — FTEC Token ICO

The FTEC platform is looking like one of the hottest ICOs at the moment with a massive following on Telegram (over 37,000 members) and Twitter (over 29,000 followers).

They have already achieved their soft cap and with the level of interest in this project, it would not be a surprise at all to see them hit their hard cap well before the end of the token sale.

Although there are already some trading platforms out there, FTEC looks the most comprehensive and will provide some very useful features for traders to give them an edge in their trading.

The token model is interesting, with users being required to use tokens to access the platform and then pay for services on it. So if it is popular the demand for tokens could be very high.

How effective the trading platform ends up being remains to be seen, but certainly from what they have produced so far this looks like a very promising ICO.

You can check out the FTEC ICO here, follow them on Telegram here and on Bitcointalk here.

Article by cryptodan21.