Algotech introduces AI to the crypto trading ecosystem, raising $3.2 million in 3 weeks of presale.
Key receivers
Algotech's decentralized algorithmic trading platform appeals to the fast-paced world of cryptocurrency trading.
The project is in pre-sale and has raised more than $3.3 million so far.
Real World Asset (RWA) Token, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are the leading narratives in the cryptocurrency space right now.
The past few months have seen several AI tokens record tremendous gains. However, there has been little focus on AI in the cryptocurrency trading space. Algotech is working on this mission and intends to revolutionize the world of cryptocurrency trading with its technology.
What is Algotech?
Before we dig deeper into this project, we need to know what Algotech is. Algotech is a decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading.
The platform has advanced algorithms and machine learning features, allowing traders to navigate the complex crypto markets efficiently, accurately and precisely.
AI is gaining adoption easily as it performs complex tasks. This is what Algotech is introducing to the crypto space. Algotech eliminates the limitations and challenges associated with manual marketing thanks to its robust infrastructure and sophisticated marketing strategies.
In addition, Algotech's algorithms are fast, intelligent and accurate, allowing traders to execute accurate and consistent investment strategies.
Is Algotech technology suitable for crypto traders?
The total cryptocurrency market cap is approaching the $3 trillion mark. This means that the activity in the market is up to 2021 levels. If the current trend continues, the market may see its total capitalization rise in the coming months.
With trading volume increasing, cryptocurrency traders need an edge to beat the market and make a profit. This is where Algotech comes in.
According to their white paper, the platform's advanced algorithm identifies over 1000 unique data points and analyzes them to identify the next detection opportunities. Algotech algorithms are trained on H100 GPUs to ensure traders make split-second entry decisions for high accuracy trading.
Secondly, the platform reduces risk for traders by monitoring market funding levels, availability, liquidity and spread. Thanks to AI-based trailing stops, it is now easier for traders to manage risk and protect their capital.
Additionally, with Algotech and advanced AI tools, users can easily identify arbitrage opportunities in various asset pairs and take automated entries. Finally, the tool provides access to marketing strategies, community resources, and business education. With these features, Algotech can be an ideal tool for crypto, forex and stock traders.
Is Algotech a solid project?
There are certain criteria when determining the strength of the project. They include; Technology, development team and Tokenomics. We have already explained the technology and if the team releases the devices, it is likely to gain huge acceptance in the market.
From the perspective of Tokinomics, Algotech can also be considered as a strong project. According to their white paper, there will be a total supply of 350 million ALGT tokens. 10% of tokens are allocated to fund R&D and testing, robustness and performance of existing and new algorithms.
Another 10% for affiliate promotion and affiliate bonus. The founders only hold 7% of the total supply and the team gets a 3% allocation. Finally, 70% of the token supply will be available for public sale (including trading).
As an ERC-20 token, Algotech offers holders a reward system that encourages long-term investment and participation. The token provides management rights within the Algotech community, meaning that each individual can influence important decisions on the platform.
Should you buy into Algotech's project?
Algotech's pre-sale is underway and the project has raised more than $3.3 million in three weeks. The pre-sale is in its second phase, 88% complete as of today. At this stage, the ALGT token is going for $0.06, with over 86,000 tokens sold so far.
But should you buy ALGT tokens in the presale? And if you do, what is the long-term potential of the token?
The ALGT token powers the AlgoTech ecosystem. Algotech could have gained huge acceptance in the market because the platform focuses on profitable trading strategies like hedging, mean reversion and trend following.
In addition, the platform offers traders a number of arbitrage strategies that allow the platform to profit from price differences across different exchanges.
Token holders are entitled to a certain percentage of platform transaction fees. They are also entitled to future management votes, proposals and potential airdrops. At the right level of adoption, Algotech's impressive real-life utility could see ALGT's price rise in the medium to long term and make it one of the biggest AI coins in the DeFi space.
Read more about Algotech's presale here.
