Optitokene is a hyper-deflation cryptococcus, supported by an auto tokenized portfolio that utilizes professional trading techniques and economic strategies for token value optimization such as strategic buy pressure and supply shortages. With this feature, Optitoken aims to optimize the utilization and application of cryptocurrencies and maximize the benefits of using them as a value transfer mechanism of your choice. Welcome to the revolutionary crypto!
Problems and Solutions
Problems with Automation
The major problem to date is failure of robust and consistent safety measures. For example, in 2012 Knight Capital lost a total of $440 million dollars when its stock trading automation accidentally sold all the stocks it had bought a few days prior.
Optitoken’s theory on prevention of such events is to split the actively traded portfolio into smaller groups based on different fail-safe measures and also different strategies. A portion being left to human trading and rebalancing. Furthermore, OptiToken seeks to create customized solutions by working with the exchange itself to implement backup fail-safe measures and controls.
Problems with Machine Learning Implementation The major idea that spurs development is to implement machine learning based on social network and media events. We believe this to be a fundamental flaw for several reasons.
a) The case is more often than not that once an event is in the "news" it is too late to partake in a particular trend. In the team’s experience this is very common, and chasing trends is never a shrewd trading strategy. However, one may still answer, what if you programmed to”sell the news?” The problem here is that any machine in this day and age is not sophisticated enough to weigh the importance or relevance of any particular headline. It would be reckless to try to game this strategy in a contrary manner.
b) With little to no regulation in place as of now, headlines can be manipulated too easily to supply concrete data to quantify or execute actions for. Not to mention the presence of propaganda social media accounts and social automations. An automation set to track increase in the posting of a particular cash-tag such as "$NMC" may be adversely affected by one individual acting as many, through the implementation of multiple fake accounts programmed to promote said coin in some
public manner on the social media platform.
OptiToken is actively researching mechanisms peculiar to the space and will eventually implement learning patterns and behavior based on cryptocurrency metrics such as mining, transaction volume, hashing power movements, mempools and more. We believe these fundamental numbers tell the story of true sentiment and can be acted upon in small sized trades to "squeeze profit." We believe that this type of trading is best when done only with a small portion of portfolio as to hedge against its inherent risk, yet still allows accumulation of significant profit over time.
The team has also developed a variety of indicators and actions to identify potential
downward and upward trends. In the event of downward trend indicators, a portion of portfolio may be sold into fiat to wait out either the occurrence or non-occurrence of event. In the scenario of non-occurrence, stop-orders may be used at that time to re-enter the previous position fully, beyond or to a partial extent. Likewise if it becomes more efficient at any point to incorporate derivatives, the team may enact or puta new strategy to a vote with the community and project supporters. However, the latter - a vote- is not required in order to execute such activities. The goal is to outpace bitcoin and other indexes while at the same time enacting downside protections that some of these projects are unable to incorporate.
Broad-Market Parabolic Moves
In order to optimize profits, there will be times when the portfolio will be partly moved into fiat, such as Euro or Japanese Yen. To do this the team has identified many market indicators that can be precursors to price corrections, upward or downward. In the beginning the focus will be on hedging the downside, which can be accomplished by moving a portion of the portfolio into fiat ifand when these indicators occur. The main indicator is a chart of the broader market that is achieved as an extreme parabolic move in a short time frame. When these conditions are met, a relatively small portion of the portfolio will be sold into fiat or, in the future, may be devoted toward other downside hedging instruments such as options contracts, futures or margin positions. The downside positions will be set to rebuy or close upon further indicators,atrend reversal or,at the very least,a discount on previous positions. This strategy, along with other indicators that we will depict more after hard launch, will all be used to create the most optimal price discovery and development for OptiToken.
- Launch of testnet tracking gains and gathering data for use in the final algorithm.
- Initial starting team assembled - including one dev, one business developer/project manager, one quant and legal team.
- Launch of website and initial press releases and marketing strategies.
- Launch of social media channels to start building a community.
- Targeting and acquisition of initial purchases.
- Launch of ANN, white-paper to follow soon.
- Onboarding of further help and developers.
- Further development of BETA testing algorithm infusing more value and growing initial portfolio.
Acquisition of advisor team.
- Feb 2018
- Final draft white paper released.
- Further onboarding of advisors and team.
- Further development on algorithm and any user interfaces phase 1, wallet etc.
- Token sale marketing and PR campaign
- Begin coding and implementation of backend testing interface on exchange
- ITO: 90 days
- Start work on algorithm
- BETA launch on exchange(s), growing the portfolio right away after 1 month of ICO. Portfolio will not sit idle but instead go right to work after a month.
- Further work and optimizing of algorithm and security
- ALPHA interface launch on Exchange(s) and continued token sale push
- Last month push of token sale and continued business development and second addition of ITO sales to portfolio.
- After the token creation event is finished, distribution of tokens to ICO buyers.
- Begin the purchasing of tokens phase on exchange(s) for buy pressure of OptiToken with profits to date and then the addition of remaining ICO.
- Creation and testing on any 2.0 user interfaces.
- Continue to grow find and improve algorithm, possibly starting an integration of machine learning.
- Continue growth driven operations along with searching for new ways to improve e.g. do we incorporate pre-sale discounts since there will be ability to buy the minimums? This can be very interesting strategy in times of an overbought market.
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