CND cryptocurrency or cryptocurrency CND is a digital coin. It is extremely fresh to a lot of large exchanges. The coin is recently added to CoinMarketCap, which is a website that tracks most of the alternative coins that have hit the market including Bitcoins and shows the user the current value in dollars and Bitcoins for each coin.
While a majority of the cryptocurrencies saw a sudden drop in prices in mid -January of this year, CND coin did not go through a rough patch regarding dropping prices and massive selling occurring. Not only that, CND is rising promptly in price. Interesting, right? Here is everything you need to know about this digital currency.
What is Cindicator?
Cindicator or CND stands for crowd indicator. It is a fintech company that that is working to create the social and technological infrastructure needed to make effective decisions under the erratic conditions of the new economy. The company combines a large number of diverse financial analysts and a set of machine learning models into a single system to develop a hybrid intelligence infrastructure for the efficient management of investors capital in traditional and cryptomarkets.
How does Cindicator work?
It works according to the below steps:
- Cindicator creates questions for Forecasters in the mobile app
- Forecasters answer questions daily and make their one prediction on a range of financial instruments, macroeconomic indices, and events that significantly influence the market.
- When questions close (at the deadline), the artificial intelligence system applies a machine learning algorithm to synthesize accurate forecasts based on the statistics accumulated through forecasters predictions.
How do you start using Cindicator?
The process is quite easy. Making an account in this platform is completely free and you can use it via its website or the iOS or Android application. After opening an account, start making financial forecasts. You would be paid out monthly/quarterly with cryptocurrencies (currently ETH).
What are CND tokens?
CND tokens are infrastructure’s own token. The token is also called Cindicator (CND). But unlike other cryptocurrencies like Bitcoin where you can mint your own coin, you cannot mine Cindicator.
The Cindicator had a very nicely distributed ICO. ICO is the shorter version of initial coin offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against other cryptocurrencies like Bitcoin or Ethereum. ICO for Cindicator was
- 75% Token sale contributors
- 20% Cindicator company
- 8% Advisors and Partners
- 1% Reward Programs
- .2% Current Forecasters
The company set a hard cap of $15 million and started the exchange at 1CND-> $.01. The Cindicator sale ended in September 2017, reaching the hard cap of $15 million. The number of whitelist applicants was 33,449 with a total value of over $500 million. At the end of the sale, there were 4,057 token holders, every one of them is committed to the long-term success of Cindicator.
How to Buy CND Tokens or Cindicator?
You cannot purchase CND with “Fiat” currency. You will need to first purchase another cryptocurrency like Bitcoin or Ethereum. Since the company currently accepts only Ethereum, you need to purchase it at Coinbase using a bank transfer or debit/credit card purchase and then trade that for CND at an exchange which lists the token.
What is CND Bot?
The bot gets fed by the user-generated data from the Cindicator app. The data is then passed into a machine learning system which cross-references and generates valuable indicators or forecasts. The bot incorporates data from thousands of different analysts, the work of dozens of different ML models, trading indicators for both fiat and crypto assets.
How Cindicator is performing currently?
CND was jumping up and hitting the moon in 2016 when this alternative coin had a total market cap of 15 million dollars. By the end of 2017, this new digital coin managed to reach a fantastic number of $600 million.
From the end of November 2017 to the end of December the same year, this altcoin was up to almost 930%, which is astonishing progress. It keeps its growth progress even in January 2018 while the majority of other coins are still in awe after the selloff that occurred at the end of the last week.
What is even more dumbfounding is that this coin is still progressing at the same pace with constant increases in the price where the last increase stood at 43.11%.
Even though the coin still holds the value of under 1 dollar per single unit. The price will go over one dollar per unit pretty soon.
Projected growth of CND cryptocurrency
Prospect of Cindicator in the financial industry is auspicious. CND’s main customer base, individual online traders, are growing ever an increasing number. This means that this alt currency will continue to be in demand. Secure infrastructure for investment funds and crypto ETF will come in 2019. The crypto will, therefore, see a positive growth due to its individual performance
What is the basis of this currency’s positive growth
Many predict that this new digital currency will grow rapidly because it is one of the hottest tech topics ever to arrive. It combines machine learning, hybrid intelligence and artificial intelligence including services and products related to this field under the same roof.
Another strong argument in favor of CND’s thriving and prompt progression is that the financial data found within CND bots are 75% accurate. This degree of accuracy showing its purpose in practice and that way drawing more investors into buying CND. So, the price of CND will only increase in future and highly unlikely would experience any downward trend.
Cindicator gives people who have an interest in financial market the ability to earn money by making accurate predictions. In practice, Cindicator allows those with strong market prediction skills to earn rewards without having to invest a significant amount of money. And it also promotes hybrid intelligence systems which can serve other applications. There are other crypto companies in the market. But the Cindicator offers a product that the mass can download immediately and get involved with it.
While many may mistakenly think that Cindicator is another prediction market. But in reality, it is not. Prediction market and CND differ regarding infrastructure, goals and business model. CND platform enhances collective intelligence financial forecasters with artificial intelligence. But the prediction market usually just gather opinions. CND’s aim is to create hybrid intelligence- an effective combination of the human mind and machine intelligence.