27 Jun 2018

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FTEC ICO Review - First Trading Ecosystem

FTEC is an ecosystem of intelligent services and neural networks for conducting effective trading activities on cryptocurrency markets. The idea behind FTEC is very clear and simple: to create a holistic ecosystem that will contain all the necessary tools for users with any level of experience and knowledge in the field of cryptocurrencies. They already have currently run projects based on algorithms for automatic trading on cryptomarkets, they gave a great and valuable experience and therefore we moved on to fulfill more ambitious goals.


Basic Information

Token Name                        : FTEC
Token Symbol                     : FTC
Acceptable currencies       : ETH, BTC, LTC, EUR, USD
Platform                              : Ethereum
Number Of Token Sale      : 100 000 000 MTC
Public Pre-sale Round       : 1 July 1 – August 8 (40% bonus)

Whitepaper                         : Click Here For View Whitepaper
Website                               : Click Here For Visit ICO Homepage
Announcement Thread      : Click Here For getting Information Update
Telegram                             : Click Here For Join Telegram Official

Check Video Review FTEC


Problem

The key problem Ftec faced in developing Company first trading algorithms was order book limitation on exchanges. So if automatic module finds a situation when the user can get a profit on the market, it also needs to define a queue of people for whom purchase and sale will be made. As price is not a constant value and the price of further purchases increases after the purchase of the first user (because buying demand has risen), the next user will buy at a bigger price. So a potential profit of the last user is significantly lower. The same situation is during the sale process. Sale for the first user will be at the highest price and profit and for the last user – at the lowest price and profit. Ftec can use ecosystem’s tokens to solve this problem. Let’s consider what advantages Ftec own token can provide.

Solution

Ftec Firstly, amount of issued tokens is constant. Thus, the possibility of additional token emission is liquidated. It means that every token holder can be sure that he can manage a part of tokens he bought. And secondly, Ftec will have an opportunity to form a certain queue of users because of uneven distribution of tokens between holders. In this case, any user can influence the position he has in the queue by changing the number of tokens he has. 

The user will be able to track his position in the rating by using the relevant tool in user’s account. The place in the queue will be determined by the number of tokens on user’s balance within the system. Tokens, which are held on exchanges, will not be considered during the queue forming. Taking into account all above-mentioned factors, using Ftec own token can solve fundamental problem and allows to form fair queue which can be influenced by users. During the project’s development, there will be situations when token holders will be able to make decisions about the vector of the ecosystem’s movement. 

FTEC holders who have more than a certain amount of tokens

on balance within the system have a voice in questions of project development. Such votings will last a certain amount of time and all users will be notified of their start. To prevent users from increasing his voting weight by creating a few accounts, the voting weight will be determined by the number of tokens which were on the user’s balance at the moment of voting started.

The module of Cryptocurrency Portfolios Management

An additional feature is the possibility to build several types of portfolios at the same time Is available for Early supporter, Node holder, Full member.

Service of Trader’s Behavioral Analysis

The token is used as a mean of payment when using the module approximate price for using is 500 FTEC per an analysis An additional feature is advanced parameters of analysis for following groups: Early supporter, Node holder, Full member, Holder.

Anomalous Volume Dynamics Analyzer

An additional feature is a wider range of currencies for analysis. Is available for an Early supporter, Node holder, Full member. An additional feature is an access to early versions of developing and free testing. Is available for an Early supporter, Node holder, Full member, Holder.

Token

Since order book of any cryptocurrency exchange consists of orders with different prices, automatic trading modules face a dilemma of priority of buying/selling order execution. Ftec own token can solve fundamental problem we faced and also gives token holders certain advantages. Due to a constant number of tokens, users will be able to influence their position in the queue by selling or buying tokens. 

The system will have a mechanism for calculating certain queue of users owing to the uneven distribution of tokens between holders. The place in this queue will determine potential profit of token holder because his orders will be executed earlier and at a more favorable price. You can learn more about options for use of the token in the relevant section of the WhitePaper.

Token Sale

Main Token Sale stage is characterized by the active implementation of the product itself, a transition from a prototype to a ready-made solution with the possibility of public testing and the first profits for Token Sale participants. At the main stage of the Token Sale, we are collecting funds for the
implementation of the entire functional ecosystem. Since it essentially consists of a large number of individual modules, it is reasonable to hire individual workers for each one of the modules. Each module will be located on a separate server so it will be necessary to provide support and configuration of these servers by system administrators. 

DevOps are required to coordinate commands between each other and provide their needs in external services. The quality of software development will be monitored by the test staff. To maintain community interest, additional marketing expenses will be devoted to the project.
Extensive funds will be spent to provide the necessary infrastructure. After all, such things as protection against DDOS attacks, the purchase of facilities and datasets for the training of neural networks are very
important tasks for such a project.
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