There is no doubt that the trading of cryptocurrency is becoming increasingly attractive. As more and more persons develop interest in trading each day, people are looking for ways that they can maximize their returns on the trading activities. But the cryptocurrency trading has some peculiar challenges for both the new entrants and the older ones.
The challenges are quite unlike conventional fiat currency trading. The cryptocurrency trading has some peculiarities as stated earlier. There is very higher volatility in the cryptocurrency trading compared to regular fiat exchange. There is no closing time, no holiday or weekend off on the cryptocurrency exchange and there is no geographical restriction also. There is likewise no authorized regulatory body overseeing the activities of cryptocurrency trading. It is intriguing therefore how traders will want to deal with these challenges. One thing is sure. The cryptocurrency trader needs an assistant. The trader needs an assistant that can stand the vagaries and complexities of the cryptocurrency market. This assistant cannot be another human, but a superhuman.
Such a superhuman exists in the form of a trading bot or trading platform. Ofnog LTD is developing such a bot/platform simply called OFNOG.
OFNOG is a special cryptocurrency trading solution designed to simplify cryptocurrency trading using Artificial Intelligence (AI) and Deep Learning technology to allow traders to trade extra efficaciously and accurately. The OFNOG concept combines a complete suite of existing, as well as a host of proprietary OFNOG-developed applications, which will argument in laying out profitable cryptocurrency buying and selling techniques for OFNOG platform users. OFNOG is a product of OFNOG Ltd. an IT company formed via a group of seasoned IT authorities from fortune 500 agencies like IBM, HP, HPE, AT&T background.
How the platform works
The OFNOG bot will operate totally based on a whole suite of software applications, along with their proprietary applications. This will be instrumental in ‘devising profitable trading strategies for users’. The techniques that will be deployed will be created using the continuous stream of market data or records received from the OFNOG bots and user input/preference.
At this point, the system consciously introduces a simple user interface to further simplify the entire trading experience. The process now waits on the tracking bots aka market monitor bots to identify a trading pattern that signifies a profitable opportunity. Once it identifies any such profitable opportunity, it pushes the signal to the users over the OFNOG platform on their computer, smartphone or any other device the trader is using. These signals encompasses vital records and information of the trading opportunity including but not limited to the asset price, quality, volume, charts etc. The recipient can now refer to these signals and if they desire to make use of the opportunity, can then enter the amount to be invested and the desired profit margin inside the same application.
Once the bot had received the user input, the trading automation bot takes over the operations and starts placing orders on supported exchanges over the connection established by the APIs. The bot will proceed to tracking the order until its execution. If, by any chance there is a market threat which does not act in favor of the user, the bot will initiate a “stop loss” function which will prevent any kind of losses for the user.
OFNOG Token
The OFNOG token is a utility token. It is an ERC20 token on the Ethereum blockchain. It is the vehicle of the OFNOG cryptocurrency trading signals and automation platform. These tokens form a medium of value and exchange on the platform and also as a tradable crypto-asset over exchanges and trading platforms. The maximum cap for OFNOG token will be set at 500,000,000, to be distributed across multiple crowd sale stages. A portion of the tokens will be set aside to cover development, operations and marketing purposes. The stakeholders will receive a small portion of the tokens, with an effective lock-out period of 1 year.
Token Sale
The OFNOG token sale will take place in 5 stages, indicating stratas of discounts for investors. The Pre ICO sale started on April 15, 2018. Investors in the token sale can buy the OFNOG using ETH. See the table below for the phases of sales.
The OFNOG Advantages
- 24/7 trading guaranteed. With its automation and AI, the OFNOG platform brings round the clock cryptocurrency trading that matches the market that never sleeps.
- Time saving. The OFNOG suite of products, guarantees that traders won’t have to spend all of their time staring at the computer screens for price fluctuations. The platform will enable them to have their trades executed on time 24/7.
- All round trading: The OFNOG bot is an all season trader. Anyone can make use of the Artificial Intelligence and Deep Learning driven trade signals provided by the platform to place profitable orders.
The team
We have said that the OFNOG Ltd is a group of experts in the industry with years of experience. The team is divided into two; the management and advisory board.
Here are some of the team members.
Manoj Deb – Founder and CEO: An IT Professional with 20 years of cross functional rich experience. He has worked for IBM, Hewlett Packard Enterprise and other top tier companies.
Rahul Chopra – CTO: A technology expert specializing in Blockchain technology and development of decentralized applications. He has worked for Zodiac systems.
Gurudev Singh – CSO: He has 14 years of extensive hands-on experience in Information Technology.
Paul Jose – Advisor: A Business Analyst/Project Manager with more than 20 years of overall technical experience
Duncan Malumbe – Advisor: a legal specialist and strategist in Information Communication Technology Law and Cyber, Space and Telecommunications Law.
Olga (Danilovich) Novitskaya – Advisor: professional in marketing and business management, blockchain ecosystem, IT and fintech marketing consulting.
This project holds a lot of promise. Though I am not a financial expert to advice on the profitability or otherwise of this project and its product, but the layout and strategy in place is worth relying upon.
Get more information through the official contacts: web:https://www.ofnog.io, Bitcointalk: https://bitcointalk.org/index.php?topic=3319738.0, Twitter: https://twitter.com/OFNOG1, Telegram: https://t.me/joinchat/ICIB7RE3UIhWBZqsAlUzag,
Article by: MainIbem
BitcoinTalk: https://bitcointalk.org/index.php?topic=2430807.0
ETH: 0x723aa1680aaf31ada078155c878929c19b8f905b