All you want to know about Cryptics



What is Cryptics?

Cryptics is a platform that unites investors, traders and quantitative researchers in their goal to gain profit from cryptocurrency markets. We also have our own prediction AI which is based on neural network and generates predictions with 64% accuracy.

At CRYPTICS we plan to cover the gap between the knowledge and capital by providing traders with an opportunity to run their strategies on the CRYPTICS platform.

Can you tell more about this prediction model?

CRYPTICS model will generate forecasts for different time periods based on several numerous sources. The outcome will be a predicted probability of the move direction and the expected value of its size, together with the accuracy estimates. The comprehensiveness of the input data and the predictions is one of the main advantages of using CRYPTICS, in contrast to a simple analysis of one or more data sources, or existing information panels. On a cold start we can already guarantee the prediction accuracy of 64% one day ahead, which we are aiming to improve up until 75% for the hot start.

When does ITO start and how long will it last?

IТO starts in March 2018 — the exact dates we will post on the website and in social media channels as well as informing our whitelist subscriber via Email

Why do you need blockchain?

The blockchain Ethereum based technology will allow transparency and high scalability of our platform. The main point for the trust in the private funds infrastructure are the smart-contracts that ensure a full transparency and also as an SLA regulator for our service.

Why do you use ethereum?

Ethereum network is the most popular token issuing platform that allows its issuers to use a lot features. Besides upcoming network upgrades will allow to do as many transactions as users may be needed. The smart-contracts allow us to build an fair and transparent fund infrastructure to grow a high number of private funds build on trust.

What is the function of Cryptics (QRP) tokens in the platform?

QRP token is used to pay for, forecasts subscriptions and is the only mean of payment in the platform. QRP is the payment for investing in private funds on our platform, as well as get paid for traders for their strategies and investors to get return on investments from the private funds.

Do you have hard or soft cap?

We do not have a softcap. The product and the platform will be developed regardless, but development speed depends on the funding as we need a considerable hardware infrastructure.

The hardcap value equivalent to 22.000 ETH

How many Tokens will be issued?

100.000.000 QRP Tokens will be issued and 66.000.000 QRP are for the market

What is the value of 1 QRP?

Cost of 1 QRP = 0,001 ETH.

How do you plan to spend the budget?

We plan to allocate ITO budget as following

Collected funds will be used to develop a self-learning platform based on artificial intelligence, global marketing of the project, the creation of a sales department and contextual advertising. CRYPTICS will start accepting QRP tokens as payment for services in the platform.

What will happen to the unsold Tokens?

They will be eliminated.

If I send 1 ETH now, when will I get my QRP Tokens in my wallet?

1 ETH = 1,000 QRP Tokens. The QRP Tokens will be issued after the ITO

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Why don’t you have any account registration to buy Tokens?

Personal Account pages are currently under development and will be released in  February, 2018. All sale participants and Token holders will be granted access to them.

Do you have any timeframe when the QRP Tokens will be available on any exchange for trading?

All trading activities are TBA closer to the end of the Token Sale, so stay tuned to our news for updates.

I have just subscribed, but I don’t understand where my page is and where I can see premium forecasts?

Forecasts will be sent to you individually on a daily basis via e-mail.

What is the difference between a premium forecast and the publicly available version in the CRYPTICS blog?

Paid service include 18 currencies (more than the blog) and they are sent ahead of the publicly available blog.

When is the CRYPTICS wallet coming?

There is no need for a Cryptics’ wallet as our QRP Token is Ethereum based and you can use any compatible wallet such as Metamask, Parity, Myetherwallet or Imtoken to store it.

If a digital wallet is involved, what happens if I lose the key? Will I still have access to my tokens?

The CRYPTICS token acquired by the ITO participants will be assigned to the participants via their own ETH wallet. Private key and passwords are in responsibility of the ITO participants since CRYPTICS has no influence on it.

Does your project have an open source code?

Yes, parts of the code will be available on GitHub. Please keep in mind that we are an AI based project and we can’t share the whole code because of company interest reasons.

At what development stage are you currently at?

We already have historical results and post daily prediction researches in our social media which shows 1 day ahead analysis.

Next step is to create HFT module which will show results 10-15 seconds further. This is will be helpful for intraday traders, scalpers and any person who is seeking a good condition to enter into asset.

We also developed a module to collect all important social and news signals that we can use in our neuronal network, to make the forecasts more valuable and flexible.

Who exactly am I contracting with?

CRYPTICS is a team of experienced professionals and advisory body with track record of successful projects. CRYPTICS product and service offering is described in detailed in CRYPTICS white paper. Enterprise is located in Scotland.

Where is my money going and what will be it be used for? Is my money going to be used to “cash out” others?

The funds from the CRYPTICS QRP sales will be utilized for the product development and market launch. CRYPTICS promises to treat the participation in transparent way and to regularly inform the CRYPTICS QRP token holders about the financial state and implementation state of all CRYPTICS-internal projects.

What specific rights come with my participation?

The purchase of the CRYPTICS QRP tokens does not involve voting rights on the development of the company. QRP CRYPTICS can be utilized to acquire CRYPTICS platform services or to trade it on the exchanges where QRP is going to be listed. CRYPTICS team is currently securiting the trading opportunities with leading exchanges of cryptoassets and will launch the trading after ITO. Full list of the exchanges where QRP token will be listed will be made available before ITO process starts.

Are there financial statements?

If so, are they audited, and by whom? CRYPTICS is young company; first financial statements will made available in Q1/2018 to track the performance of the company

Is there trading data? If so, is there some way to verify it?

CRYPTICS ITO has not yet been issued hence no trading data available. Daily trading statistics will be made available 1 day after ITO finalization.

How, when, and at what cost can I sell my participation?

There is no ‘refund’ for the token purchased after CRYPTICS ITO process has been finalized.

QRP tokens can be used to acquire CRYPTICS services (traded in for service).

Tokens will be traded on the cryptoasset exchanges while the trading value will be defined by the market demand and supply mechanisms. QRP token holders are free to participate in the market by acquiring and selling QRP tokens.

Has the offering been structured to comply with the securities laws and, if not, what implications will that have for the stability of the enterprise and the value of my tokens?

Those acquiring the CRYPTICS tokens should understand that CRYPTICS token has neither been registered with SEC in USA nor with similar bodies around the globe. There are diverse interpretation of whether ITO tokens are classified as securities or as utilities. CRYPTICS treats its tokens not as security. Binding interpretation from SEC (USA) or similar bodies is not existent.

What legal protections may or may not be available in the event of fraud, a hack, malware, or a downturn in business prospects? Who will be responsible for refunding my participation if something goes wrong?

CRYPTICS has obliged itself to comply to the strict rules and legislation of Scotland and Europen Union with regard to the data privacy and security. Cryptographic tokens that possess value in public markets, such as ETH/BTC/LTC, have demonstrated extreme fluctuations in price over short periods of time on a regular basis. A Purchaser of CRYPTICS tokens should be prepared to expect similar fluctuations, both down and up, in the price of CRYPTICS tokens denominated in ETH or United States dollars (“USD”) or currencies of other such jurisdictions. Such fluctuations are due to market forces and represent changes in the balance of supply and demand. CRYPTICS Team cannot and does not guarantee market liquidity for CRYPTICS tokens and therefore there may be periods of time in which CRYPTICS tokens is difficult to trade. Additionally, due to different regulatory dictated in different jurisdictions and the inability of citizens of certain countries to open accounts at exchanges located anywhere in the world, the liquidity of CRYPTICS tokens may be markedly different in different countries and this would likely be reflected in significant price discrepancies.

If I do have legal rights, can I effectively enforce them and will there be adequate funds to compensate me if my rights are violated?

For details please refer to the Terms and Conditions. CRYPTICS team commits to solve or disputes and resolutions in amicable manner. If needed, the arbitrary court of Scotland will be involved to solve the dispute. CRYPTICS will be registered in Scotland and complies with European legislation and EU Guidleines.

What is Cryptics in a nutshell?

CRYPTICS provides

(a) Forecasts based on an AI-engine and crypto-asset evaluation for 18 major crypto-assets for 1-day, 1-hour and 3-min time horizons.

(b) Allows execution of forecasts directly via the auto-trading module.

(c) Offers a smart contract based, closed fund infrastructure.

What is your mission/view?

The whole point of Cryptics is to provide transparency in the crypto-asset market by forecasting crypto-asset evaluation based on the AI engine. Our goal is to increase transparency of crypto-asset markets, since it is so vital for the new economy they are helping to build.

How are your forecasts made and how do they take into account the current situation with the control and prohibitions of cryptocurrencies?

Our forecasts are generated by a neural network, which analyzes more than one 100,000 social data sources (incl. Classic media and social media reaction to the latest trends).

I want to try out the MVP as you showed in the video.

The functionality showed in the video will be released in parts:

  1. Daily forecasts are already integrated
  2. Hourly forecasts will follow soon in February, 2018
  3. An additional demo app will be released in February, 2018
How many programmers are on the team?

It is enough to develop the project, but we will strengthen the team after raising funds.

How is your model designed? For example, all crypto-traders use your forecasts - they cannot all be profitable?

According to our estimates and experience, the quality and accuracy of forecasts remains unchanged – between 65% and 72%, while we occupy up to 10% of the market.

If you have accurate forecasts, why have you not organised an ITO yet?

The forecast is not everything, still its accuracy is important. In addition, the forecasts that we provide now are certainly good, but we could make them even better. We can make a profit on what we have now, and we will build the company in any case, but with an ICO, the process would be much faster.

If you have such cool forecasts, why are you sharing them?

Why not share them? We believe that with the democratization of blockchain technology and promotion of cryptomarket valuation the world will become a better place.

How are you going to earn profit?

We share the results, of course, for a fee, and this is also a kind of diversification. Part of the profit can be earned with the help of trading, the other part is earned by selling forecasts as a service. Finally, people are allowed to create crypto-funds on our platform, from which we also get a commission for, and, consequently, increase our profits.

How you can process such a volume of information and traffic without applying immense computing power?

At the initial stage, we use centralised servers, then we will cooperate with projects that provide cloud capacity and data storage.

Why give up centralised servers if you will have the money to upgrade and service them?

Given the amount of information passing through the AI, we may need a lot of processing power. Projects dealing with distributed computing began have begun to emerge. There are projects that allow you to store data on users’ computers.

Do you think that AI can beat the market index?

We have not carried out such calculations, because there are no reliable indices now. We strive to make the best product and, over time, our neural network will be able to achieve this goal.

Can this self-learning platform be compared to trading bots?

The bots are written by people, the bots work on algorithms, they are not capable of analysing information themselves. And our AI learns independently, using algorithms – ML and DL.

What is AI learning based on?

Our AI has access to more than 100,000 sources of social data and sentiment analysis. Our AI is constantly improving itself as it analyses huge amounts of information.

How do you assess the accuracy of forecasts for the last week?

Our AI is still under development, we are working on improving it. Consider the service provided as an additional trading assistant and not a direct advice to buy or sell.

Why do you think the AI will do it better than an expert group?

The AI is able to handle much more information than a group of experts and does it faster. Furthermore, the experts, like any human being, have certain biases that are difficult to put off. In the process of learning, artificial intelligence can perform multiple tasks more efficiently than human beings.

What basis does your machine learning have? Neural networks? Or combination modules?

Yes, we use neural networks and refined market data among many other things, that are combined together to get synergy and higher efficiency for self-learning. We are effectively using the ensemble learning techniques so there are many models aimed at a single target.