INTRODUCTION
Blockchain has taken a very important place in majority of sectors. This technological developments has opened a new era in shopping, banking, travel, agriculture, energy, health, education, management and many more. However, today I will be intimating you with another new platform called VESPUCCI – a platform built by VOLENTIX to monitor the activities of blockchains and cyptocurrency market’s growth.
Blockchain technology is beginning to be used in many areas of people's lives, such as insurance, energy, medicine and it is impossible not to admit that all this is only for the benefit and large corporations are trying to find the best programmers to implement this innovation into their ecosystem.
WHAT IS VESPUCCI?
Vespucci is one of the four core constituents of the Volentix digital assets ecosystem. Vespucci integrates with the multi-currency peer-to-peer wallet VERTO, the incentives-based recruitment platform VENUE, and the planned decentralized exchange VDEX.
Vespucci is one of the few innovative startups looking to hijack the cryptocurrency mishap opportunity and provide solutions which traders and investors will find useful. Anyone interesting in trading cryptocurrency will find the rating system beneficial as it highlights the tokens that are possible gold mines and those you can’t possibly bank your worn-out clothing on.
OBJECTIVES OF VESPUCCI
➡️Create a dashboard for cryptocurrency news.
➡️Provide an intuitive analytical agent leading to an easy view of cryptocurrency.
➡️A real-time rating system including risk assessment for cryptocurrency
USER INTERFACE
Vespucci includes a User Interface (UI) that allows for straightforward parameter input and coherently screens the consequent assessment metrics. The input provides a list with all available coins or a selection of the top-ranked coins based on market cap worth: the user can pick those of interest for him/her. The kind and degree of analysis to be done on the specified coin is chosen. More detailed analysis requires more inputs.
SERVICES PROVIDED BY VESPUCCI
● An intuitive analytical agent and overview of cryptocurrencies.
● A rating system of cryptocurrencies, with risk assessment.
● A dashboard for cryptocurrency news
THREE FORMS OF VESPUCCI CRYPTOCURRENCY
● An opinion gauge for Sentiment Analysis (SA),
● Technical Analysis (TA), and
● Basic / Technological analysis (FTA).
● SENTIMENT ANALYSIS:
Market sentiment has been researched by the comparatively new field of behavioral finance. It begins with the premise that markets are seemingly inefficient a lot of the moment, and that inefficiency could be explained by psychology and other social sciences. The thought of employing social science to fund was completely legitimized when D. Kahneman, a psychologist, who won the 2002 Nobel Memorial Prize in Economics — that he was the first psychologist to achieve that. A number of the ideas in behavioral finance affirm visible feelings: that traders have a tendency to overemphasize data which come readily to mind; so many investors respond with increased pain to losses compared to delight to equal gains; and that traders have a tendency to persist at an error. Among the most crucial elements which impact the value and standing of crypto-coin are your general confidence and belief. Sentiment bears a significant burden of cryptocurrencies monetary evaluation. Public remarks are commonly accessible to collect and examine. A significant pillar of this Vespucci rank platform is consequently according to Sentiment Analysis (SA) of all crypto associated articles, created by the general public on Social networking (Twitter, Facebook, Telegram), Reddit, Blogs, forums, and information websites.
● TECHNICAL ANALYSIS
Unlike basic analysts that try to assess a security’s intrinsic worth, technical analysts concentrate on graphs of price movement and various analytical instruments to assess a security’s weakness or strength. A normal source might be coinmarketcap. The team concentrated on indexes and methods acceptable for resources with higher volatility of costs, and therefore acceptable for cryptocurrencies.
Technical analysts consider the analysis of price movement or the demand and supply of currencies would be the very best approach to recognize trends in the money. Cost movements often trade inside a fashion or range. In relation with this particular belief, technical analysts presume that history will repeat itself, depending on the concept that market participants have frequently responded in a similar manner to market occasions. There’s a Really High Number of strategies and indices for information analysis.
● FUNDAMENTAL AND TECHNOLOGICAL ANALYSIS
Various blockchain technology is developed to handle different challenges and, thus, are supposed to meet unique requirements. An overview of the technical concepts of the various blockchain technology is its foundation in understanding the effect of the various architectures concerning functionality, privacy, safety, and regulation. The quantitative investigation from a technological standpoint (not to be confused with specialized evaluation ) appraises and correlates different network statistics gleamed in the blockchain, giving a real-time perspective of this cryptocurrency.
ADVANTAGES OF VESPPUCI
● A ranking of cryptocurrencies, combining a full-fledged technological and economical aspects;
● As well as simple and accessible reports that allow you to easily analyze the information received by any user, even a
novice trader and investor;
● At the same time, all internal methods are completely transparent and are not subject to any external interference and
manipulation. Due to what they are fully fair and technically justified in all senses of the word;
● Moreover, the developers of VESPUCCI took care of the security of their entire system, as evidenced by their chosen
EOS blockchain, thanks to which they intend to maintain a high level of security of all internal processes within
VESPUCCI.
CONCLUSION
If we consider all these functions in more detail and in detail, we can safely say. That the VESPUCCI platform itself will allow all its users to finally get a decent and reliable tool within which such fundamental analytical functions as more opportunities for direct and secure interaction among themselves eliminating intermediaries and fraudsters, simplifies the process of creating a diversified investment portfolio, notifies of all important changes in the world of digital assets.
FOR MORE INFORMATION VISIT:
Website: https://vespucci.site / https://volentix.io
Green paper : https://vespucci.site/green-paper
Whitepaper : https://vespucci.site/etc/Vespucci-whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5022472.msg45307298#msg45307298
Telegram Community: https://t.me/volentix
Twitter: https://twitter.com/Volentix
Facebook : https:// www.facebook.com/volentix
Medium: https://medium.com/pythagoras-systems-news-updates
Github: https://github.com/Volentix
Veto wallet address:
EOS56Yhgga2aEtc79zLQ2ZJMhdD9yhuuV4xiwyRR8whTXHBJMaKD2
Bounty Suite Username : psalmyblinks