The world of cryptocurrency is in a constant state of flux. As a result, the process of sorting through untold amounts of background information and data can be a laborious, time-consuming endeavor. Continually subjected to emotions and opinions, investors are often unable to reliably assess the informational signals needed to make informed market decisions.
That’s where WatermelonBlock, a data analytics company featuring a suite of products that deliver cryptocurrency insights directly to the consumer, comes in. Through a mix of data points gathered from social media as well as traditional technical analysis, this emerging startup assists investors in staying abreast of critical data and information sets in real time.
WatermelonBlock seeks to deliver these insights to all levels of investors, from experienced traders seeking to stay ahead of the curve relative to their personalized portfolio to newcomers attempting to mitigate the information overload often tied to their first major investments.
It’s here that the company recognizes a gap in the ability of ordinary algorithms to analyze the size of critical data sets. By deploying the computing power of IBM Watson, arguably the most advanced AI platform in the world, WatermelonBlock is able to scan, categorize, weigh and analyze big data sets within seconds, providing users with current market information and real-time actionable insights right at their fingertips.
More Accurate and Better-Informed Trading Decisions
WatermelonBlock is not just a proof of concept — it’s an actual working protocol that puts user experience first, all with the goal of integrating cryptocurrency investments into any lifestyle through a 24/7 stream of market analytics.
A free insights smartphone app powered by WatermelonBlock is replete with a sleek, simple user interface and is scheduled for release in Q4 of this year. It will feature neatly packaged, real-time cryptocurrency, market and initial coin offering (ICO) analysis; personalized portfolio notifications and a digital wallet.
In phase two for the app, which will be released in Q3 of 2019, the WatermelonBot will be launched — an automated artificial intelligence (AI) bot that can execute trades according to user-set preferences. This second phase will also include a more advanced digital wallet and payments platform, allowing for more rapid trading and fulfillment.
Driving this initiative is the WatermelonBlock token (WMB), which serves as the on-ramp for decision makers seeking to access the suite of sentiment analysis and AI trading tools, all without difficult-to-navigate fee structures. All prices are simple and transparent, allowing users to focus on markets and their investments versus costs.
The WatermelonBlock pre-token sale will commence on July 27, with the full public sale beginning on August 27. Investors can gain exclusive access to the WatermelonBlock presale by registering on the WatermelonBlock website.
Seeding the Road Ahead
WatermelonBlock’s director and UX developer, Elliot Rothfield, has a passion for creating communities, particularly for the millennial set. With several successful startup businesses under his belt in addition to serving as the co-founder of a ten-year-old international community and arts festival, he is now putting the full force of his energy behind WatermelonBlock’s app suite.
“Through my involvement in one of Australia’s largest community and arts festivals, I began to notice that there were a lot of struggling artists that I was working with,” Rothfield said. “Many were able to support their craft and their lifestyle through cryptocurrency, as opposed to work through menial jobs. This is where my entrance into the cryptocurrency market began. Being an avid follower of the market, I noticed the volatility of the market straight away.”
Rothfield added that the name WatermelonBlock comes from the Japanese Watermelon — “It’s fun, it’s quirky and it’s memorable. We really wanted to go against a conventional blockchain name. We figured that there were enough names like Tron, Dash and Laser Gun 5000."
With respect to the value proposition that WatermelonBlock hopes to deliver, Rothfield has got a clear vision.
“People are sick of biased information and ‘fake news,’” he said. “They are getting smarter and they are realizing that a lot of what is being fed to them via the media is heavily biased, with publishers often having a vested interest. As a result, these individuals are looking for smarter ways to trade (and that goes for any market), as well as more efficient ways to conduct market research.”
He added that WatermelonBlock’s ability to combine sentiment analysis with geolocation and indexing provides a much better system for consumers.
“WatermelonBlock hopes to capture the pulse of both cryptocurrency and traditional markets, delivering insights and information accessible to all,” said Rothfield. “In 12 to 18 months, we see ourselves running with a full suite of applications to provide market analysis across all industries.”
Note: Trading and investing in digital assets is speculative and can be high risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.
This promoted article originally appeared on Bitcoin Magazine.
via Bitcoin Magazine https://bitcoinmagazine.com/articles/watermelonblock-harnesses-ai-brainpower-fuel-crypto-market-analysis/#1532958469
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