LONDON, UNITED KINGDOM – March 19th, 2018 – A novel platform that promises to simplify cryptocurrency trading through the use of Artificial Intelligence (AI) and Deep Learning, is just one short month away from launching its ICO. OFNOG, the London-based firm founded by an expert team of IT professionals with a strong background in IT product development and solutions, and experience in Fortune 500 companies such as IBM, AT&T, HP, HPE, is set to commence its ICO on April 15th, 2018. The OFNOG concept combines a complete suite of existing, as well as a host of proprietary OFNOG-developed applications, which will aid in laying out profitable cryptocurrency trading strategies for OFNOG platform users.
The OFNOG platform is built following the Ethereum protocol, while it is powered by its proprietary, ERC20-compliant OFNOG token. The latter is “a utility token native to the OFNOG cryptocurrency trading signals and automation platform”, forming “a medium of value exchange on the platform and also as a tradable crypto-asset over exchanges and trading platforms.” Transparency of all OFNOG platform operations is guaranteed through the storage of all trade execution on the Ethereum blockchain, and by the fact that all pertinent data can be accessed by OFNOG platform users, at any time.
The company aims for the OFNOG platform to provide the highest level of accuracy, and as such has based its operation on AI and Deep Learning algorithms, which are the latest, cutting-edge methods in real-time data scraping, trending trend, and future price forecasting. The OFNOG platform forecasting model will “collect and analyze data from multiple market indicators like Exponential Moving Average (EMA), Bollinger Bands (BB), Moving Average Convergence/Divergence (MAC/D), Relative Strength Index (RSI) and Ultimate Oscillators”, in an effort to provide a clear overview of the market forces at work, which, in turn, will help users come up with their own trading strategies.
All information collected is relayed in the form of a signal to users, who can then elect to either place orders manually, or take advantage of the OFNOG’s platform automated trading bot feature, that can both execute trades, or pause them, in the event of losses.
The OFNOG platform will operate on a subscription model, where users will be able to purchase additional prediction and technical analysis packages in OFNOG tokens.
The latter can be purchased with other cryptocurrencies such as Ehterum and BTC, while OFNOG token holders will have the incentive of maintaining their investment in the long-term, thanks to the platform’s built-in staking feature. Taking advantage of the staking option, and, contingent upon the number of OFNOG tokens in their possession, users will be able to unlock various other platform features, and even gain free access to it. OFNOG also has immediate plans of setting up its bespoke marketplace, allowing users can share, purchase, or sell investment strategies.
“Our vision for OFNOG is to become the one application to manage and trade one’s entire cryptocurrency portfolio – and, not only that, but also to gain sizeable returns on their investments,” said Mr. Manoj Deb, OFNOG Founder and CEO.
“The OFNOG team has been working hard behind the scenes in order to create a platform that would be extremely user-friendly, and open to both novice and seasoned cryptocurrency investors. The marketplace feature will provide community members with the opportunity to grow their trading strategies, gain a new understanding of the market, and adapt to the market’s growth, as it changes. Our 4-phase ICO has already attracted significant interest from investors, and we are excited to see its course throughout the coming months.”
The OFNOG token cap will be set at 500,000,000, while the platform will make 50% (250,000,000 OFNOG) of them available to crowd sale, distributed across the Pre-ICO and four ICO stages. Portion of the tokens will be used for “development, operations and marketing purposes”, while another 25% of the total tokens (125,000,000 OFNG), will be “assigned for bonus and discount campaigns”. Finally, the remaining 25% (125,000,000 OFNOG) will be “used for bounty promotions and as stakeholder’s share”.
Those interested in registering to the OFNOG ICO can do so by filling in the appropriate form found here.
To learn more about OFNOG, please visit: www.ofnog.io
Company Name: OFNOG Ltd.
Contact Person: Media Representative
Country: United Kingdom