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August 28 2017

ICO Alert Report: Cindicator

ICO Alert Report: Cindicator

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What is Cindicator?

Cindicator’s ultimate goal is to set up a decentralized intellectual technology that effectively implements the potential of Hybrid Intelligence for the benefit of all participants of the ecosystem. In the future, the technology strives to be fully automated; the only resource necessary for it to function will be the mental investment of sorts by the analysts.
— Mike Brusov, CEO and Founder of Cindicator

Crowdsale Information
The crowdsale will begin on September 12, 2017 and will end on October 12, 2017. One Cindicator token (CND) will be priced at $0.01 and there will be a hard cap of $15,000,000.

Token Distribution information
The Cindicator token is an ERC-20 token and only Ether is accepted during the crowdsale.

100% of the tokens will be created at the time of the crowdsale, with 70% of tokens being available to purchase during the crowdsale. Tokens will be distributed to contributors immediately after the crowdsale, and will be locked until October 12.

Allocation
75% of tokens will be made available to crowdsale contributors.
20% will be held by the Cindicator company under a vesting schedule.
3.8% will go to advisors and partners for their help with the project.
1% will go towards the bounty campaign.
0.2% will go towards current Cindicator forecasters, proportionally to their rating

Use of Crowdsale Proceeds
55%: Development & Operations
20%: Hybrid Intelligence Portfolio
10%: Marketing & Bussiness Dev
5%: Legal
5%: Reserve Reward Fund
5%: Acquisitions

Team
Mike Brusov, CEO & Co-Founder
Linkedin
Mike is a technological entrepreneur with 8 years of experience in launching companies in big data and predictive analytics. He was a co-founder at Wobot, a professional social media monitoring and analytics tool for brands and agencies. He also worked for Between Digital as head of mobile programmatic products.

Yuri Lobyntsev, CTO & Co-Founder
Linkedin
Yuri is an “out-of-the-box inventor,” entrepreneur, and distributed applications developer. He started coding at a young age and traveled the world, winning competitions in sailing, math, and informatics. He is passionate about human and machine consciousness and communication. Before Cindicator he founded Octabrain, an international software service company that provides UX, development, branding, and more.

Artem Baranov, COO & Co-Founder
Linkedin
Artem is the founder of IT companies in development outsourcing, medicine, and financial analytics. His role at Cindicator is to unite all the members of the team, who have very different expertise, into a single intelligence that is able to solve the most ambitious goals. Artem worked with Yuri at Octabrain as the COO.

Aleksandr Frolov, Backend Developer & Data Scientist
Linkedin
Aleksandr has worked on structural bioinformatics for BIOCAD, and was a senior engineer at Transas. He is very interested in how AI, blockchain technology, and trading can all work together.

Evginey Koltsov, Data Scientist
Linkedin
Evginey is a software engineer with extensive experience in development and data analysis. He has a master’s degree in computer science and, most recently, held the role of Python developer. He has experience as a data analyst and bioinformatics specialist at BIOCAD as well.

Kate Kurbanova, Head of Analysis
Linkedin
Kate is an analyst with more than 10 years of experience in finance. She is an active trader who trades in both traditional and crypto financial markets. Her responsibilities at Cindicator include the selection of different financial instruments for analysis by the Hybrid Intelligence as well as the development of new trading strategies and the improvement of current ones. She has previously held roles as a CFO and accountant.

Marina Cherniavskaia, Product Designer
Linkedin
Marina has been working on design in a wide variety of fields for many years. At Cindicator, she is working on the integration of science and technology as it relates to the Hybrid Intelligence technology. Before Cindicator she held the role of Product Designer at eLama.ru.

Misha Vasilev, Data Scientist
Linkedin
Misha is an iOS developer and data scientist with more than four years of experience in developing mobile applications. He has created more than 15 unique applications and graduated from the mathematics and mechanics department of Saint Petersburg State University with a degree in applied mathematics and computer science. At Cindicator, he is involved in developing and testing various trading strategies for both traditional and crypto financial markets. Before Cindicator, he worked with Yuri at Octabrain as an iOS developer.

Nomari Kolmakhidze, Chief Investment Officer
Linkedin
Nomari is a trader with more than five years experience in active trading and asset management, most recently for himself, but also for an event-driven hedge fund. He has a master’s degree in finance. He is responsible for the development and implementation of new trading strategies at Cindicator.

Sergey Bliznetsov, Front-end Architect
Linkedin
Sergey is a front-end developer with over seven years of experience. Before Cindicator, he was a front-end architect for Whitescape OU, a design and development firm specializing in custom digital products.

Sergey Zhirnov, Backend Developer & Data Scientist
Linkedin
Sergey is a developer turned data scientist. Before joining the Cindicator team, he explored neuroinformatics at Saint Petersburg State University and holds a master’s degree.

Social Media
Twitter: https://twitter.com/crowd_indicator
Facebook: https://www.facebook.com/crowdindicator
Medium: https://medium.com/@Cindicator
Telegram: https://t.me/cindicator_news
Github: https://github.com/cindicator
Bitcointalk: https://bitcointalk.org/index.php?topic=2062875
Reddit: https://www.reddit.com/r/Cindicator

Q&A

ICO Alert: How does the token function within Cindicator and why is it important? Why is the token needed, versus selling access to the Hybrid Intelligence technology through fiat payment systems that everyone uses already?

Mike Brusov, CEO and Founder of Cindicator: The tokenized economy of the Cindicator ecosystem is the important part of Hybrid Intelligence technology. The issuance of our own infrastructure tokens is conditioned by the need to create an internal economy in the ecosystem that will establish transparent and fair relations and create long-term motivation among all participants comprising the following system: forecasters and financial analysts, traders, investors, data scientists, and the Cindicator team.

ICO Alert: For those not familiar with the industry Cindicator is a part of, what is the context of the intelligence as a service market for traditional finance and cryptocurrency trading? Who are the major players and why have they been successful?

Cindicator: Those are funds (hedge, venture, CTF), banks and traders. For example, Renaissance and BlackRock.

ICO Alert: One of the key points in the White Paper abstract mentions that analysts will be able to “monetize their intellectual assets.” What is this process and how will it take place?

Cindicator: Cindicator analysts perform analysis answering questions within our applications and earn points for each of their answers. The more accurate and valuable the answer for the ecosystem, the more points an analyst receives.
By the end of each month, we distribute CND tokens (acquired through buy-back from exchanges) between all analysts in proportion to their points.

ICO Alert: How far along is the hybrid intelligence infrastructure development, and when can CND token holders expect to have access to both an initial, and fully developed infrastructure?

Cindicator: We plan to provide access to our products initially starting from winter of 2018 and continue by 2019.

ICO Alert: There are a variety of different services providing indicators and various trading intelligence. What makes Cindicator so much better than the current options, especially for a market like a cryptocurrency that is so hard to predict and ever-changing?

Cindicator: The crypto market is very irrational and emotional. Classical tech-analysis approaches do not work anymore when alone. We combine strengths of statistic analysis and dynamics in expectations of financial analysts.

ICO Alert: How much testing has been done on the Hybrid Intelligence method used by the Cindicator project? Are their returns by investors that are publicly available that showcase the success of the models/methods/indicators that Cindicator utilizes?

Cindicator: We have run a public experiment with the Moscow Stock Exchange.
The collective mind included 863 people, independent of each other: 40% of participants have never made trades on the exchange before, and 60% had various investment experience. During the competition, the robot modeled 27 trades based on forecasts of participants, 17 of them being profitable. This resulted in a 2.8% increase in the model portfolio in currency during the experiment.

ICO Alert: In more detail, how is AI/Machine Learning used by Cindicator?

Cindicator: We have an ensemble of machine learning models that dynamically change weights of trust and corrections to analysts based on their accuracy. The ensemble consists of well-known (cleaning methods, clustering methods, linear regressions, bayesian models, xgboost on decision trees, genetic algorithms) and proprietary developed models.

ICO Alert: Will newer traders find value in the Cindicator project, or is the project targeting those with a lot of experience looking for this Hybrid intelligence technology? What will the USD price be for access?

Cindicator: We plan to create products for contributors with different levels of expertise.
The access will be provided only for the CND tokens. Their USD prices would be defined on exchanges by the free market and the value that our products will provide to it.

ICO Alert: As a non-Cindicator question we like to ask the team what they see for the ICO and cryptocurrency space in the future? Where will we be in five years from now?

Cindicator: We believe the ICO approach and crypto space, in general, will transform the current financial industry and our lives dramatically. We’re witnessing a shift in human values worldview to the new decentralized economy.

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View the Cindicator Website here.

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References
(1) Cindicator Website, Cindicator, (2017)
https://cindicator.com/

(2) Cindicator Whitepaper, Cindicator, (2017)
https://cindicator.com/Cindicator_WhitePaper_en.pdf

Topics: Blockchain, Cryptocurrency, ICO, Cindicator, Trading