yPredict: AI-Powered Trading Tools

Photo - yPredict: AI-Powered Trading Tools
yPredict is an AI-driven platform designed for predicting movements in the cryptocurrency market. It provides four types of trading tools, subscription-based models for technical analysis, and a trading platform built upon its previous products with a considerable variety of orders.
According to the project's White Paper, the information used for research on the yPredict platform is based on contemporary financial forecasting methods and alternative data indicators. The technical aspects are not elaborated in detail. 
Illustration from the project

Illustration from the project's presentation. Source: Pitch Deck yPredict.

Beyond traders and investors, yPredict is also aimed at developers specializing in Artificial Intelligence and Machine Learning. They can utilize the platform to sell their pre-built trading models.

The team behind the forecasting service doesn't guarantee flawless results from using their platform. However, they emphasize that yPredict can help filter out market noise and facilitate trading based on more statistically probable decisions.

The project's Chief Executive Officer is Raj Sharma.

What is the YPRED token's role?

YPRED is yPredict's native token, embodying utility, management, and revenue-generating features. It is launched on the Polygon blockchain, with a capped maximum supply of 100 million tokens. According to the project's roadmap, the YPRED token will initially be listed on a centralized exchange in the third quarter of 2023, with an introductory price of $0.12.
YPRED tokenomics. Source: White Paper yPredict

YPRED tokenomics. Source: White Paper yPredict

The platform's token is crucial for subscribing to technical forecasting models offered by various developers. These models facilitate traders in receiving real-time trading signals. Developers, on the other hand, receive 70% of the subscription fee, although their earnings are locked on the platform for a month. 

Moreover, YPRED is essential for gaining free access to a suite of technical analysis trading tools.

Any remaining tokens users have can be staked in yPredict's pool, which doesn't have fixed liquidity. This staking service could yield a maximum quarterly return of up to 45%. This high return rate is due to the allocation of 10% of each new subscription fee for a financial model to the staking pool.

Beyond these functionalities, YPRED holders can cast votes on which technical models should be added to the Market Predictions platform.

What products are part of the yPredict ecosystem?

Market Predictions, a free feature, enables the evaluation of forecast accuracy made using yPredict's tools and models. Predictive data is generated by integrating proprietary technical models from the yPredict team and selected third-party developer programs through voting. The core algorithms for price movement analysis are artificial intelligence and machine learning. 

yPredict Analytics offers categorized packages of technical tools. The first relates to automatic detection of roughly 100 chart patterns. Using recent historical data, this tool suggests how profitable employing a particular pattern would be under current market conditions. 

Another version of the product reveals traders' sentiment towards a specific asset by analyzing news and social media posts where the relevant token or cryptocurrency is mentioned. 

The platform also allows testing of a plethora of technical indicators for each cryptocurrency ticker, screening them for effectiveness. There is also an option to analyze transaction data for each cryptocurrency pair.

Some of these technical tools are available for free, but the more advanced ones require a fee.

Predict Marketplace
This is a hub where developers can put up their predictive models for sale, and traders can secure a monthly subscription to them. The real-time outcomes of these collaborations can be viewed on the Market Predictions platform.

yPredict trading platform
This trading platform prioritizes both speed and simplicity. As highlighted in the project's White Paper, it boasts a broad array of orders and their fulfillment durations. The terminal incorporates charts that align with yPredict Analytics trading tools and models from the marketplace. The platform also provides a feature for instant transaction placement for a purchase or sale, in response to a trading signal. 

The official launch of the yPredict platform is slated for the end of 2023.