Cryptoyote started as a tool that meets personal needs. We have decided it will be good idea to have a software that is going to check the market and predict prices, so we can invest in right coins/tokens. It took almost 4 months untill we have prepared our first working product and it worked. We used an artificial intelligence algorithm to predict price trends on popular crypto markets. Based on this algorithm we have analyzed alternative data and used machine learning to generate trading signals. Deep learning helps to exploit the information contained in financial news, social media such as twitter, google, telegram, various traders, news, blogs and transactions.
Then we decided to share our product with others and that is how started Cryptoyote (Crypto + Coyote). First we started sharing our predictions on Telegram channel. Then our members asked us if we could create auto-trading bot, because most of the times they were missing the most of the signals. So, we decided to level up and develop totally different product; AI signals, auto-trading bot powered with smart contract on blockchain and native token CYOT.
Highly volatile and speculative nature of crypto market is a cause for essential risks and at the same time, is a potential ground for making profit with cryptocurrencies. Most professional traders do not place orders manually. Instead, they minimize their efforts and time losses through automated trading bots to reduce stress and the risk. Moreover, using a successful automated trading bot allows people to focus on their day jobs and get passive income at the same time.
That’s why we have developed the AI bot, not only to offer a great solution to save time and money and also to give ordinary traders the ability to compete with the professional traders who are trading with similar assets.
The AI Automatic trading bot is based on 137 indicators, 56 candlestick pattern detectors, 45 strategy alerts that are not provided by any other platform. It also works in 3 trading modes. It`s current success rate is 93%.
The number of daily trades depends only on the market conditions. If it is safe it will provide more signals. In general there are possible from 5 to 30 signals per day.
To release the trades, bot uses Cryptoyote’s native token (CYOT), t.e. to open 1 new trade the bot needs 1 CYOT token which works as a fuel for the bot and costs $0,5. Since we have created CYOT token on WAVES Platform, they can be bought on WAVES DEX.