Automata ICO Review
When i first learned about trading, it was like i was thrown in a totally foreign world, with different rules and not so many rewards. I start to do some automatic moves on Microsoft Office, combined with cleverly chosen alarms and checks, until i discover that others did it before me, the trading bots.
Taking them bots from the financial sector and moving them to the crypto world, in a bold move, Automata is aiming to become the leading robo-advisory platform in the cryptocurrency space. They are using proven, extensively tested investment strategies, coupled with cutting-edge algorithmic trading models with the help of an user friendly sleek interface. Instead of the dredged combination of the crypto exchanges, trading bots and signal providers, you will have access to your own bespoke investment manager, able to adapt to the client needs and a personalized cryptocurrency strategy, all at the touch of a button. Automata’s main goal is to bring her own very advanced platform to the cryptocurrency market, allowing your investments, big or small, to grow without constant human supervision. Once you invest, you can just live your everyday life and see your capital growing, without the wide ranging risks and time constraints. The priority will be on the effective risk management and capital protection. They are working to develop high risk-adjusted returns, consistently, using automated investment strategies, to achieve sustained profit from the volatility in the market, while protecting customer’s funds via an optimized portfolio insurance strategies. You will have an individual risk profile done, and you will gen a bespoke cryptocurrency investment portfolio once the profile is done. The entry level can be anything between 1 to 10000 Euro. Automata will unify these three options (trade executions platforms, trading robo-advisors and buy-side institutions)and will simplify investing in cryptospace by providing tailor made, adaptable cryptocurrency portfolios.
The key features are:
- simple to use and secure trading platform aiming for an user friendly experience;
- automated investment strategies developed by an award-winning proprietary trader with bespoke cryptocurrency portfolio;
- institutional grade security measures to keep the client’s funds safe and secure (cold storage solution, multi-signature wallets, internal controls).
Automata is offering the following services:
- micro-investments starting from 1 Euro;
- security and reliability;
- bespoke cryptocurrency portfolio;
- re-balancing methodology;
- automated investment;
- 24/7 customer support.
The business model is addressed to two groups of customers, based on their assets under management classing (AUM). We have normal customers, with a 24$ per year single fee, 1 Euro minimum investment and 10% per year performance fees, and we have premium clients, who are paying 1.5% based on their AUM yearly fees, minimum investment of 1000 Euro and 10% per year performance fees. All the fees are to be paid monthly, and they start with 2 Euro per month up to the 1000 investment barrier.
Token design and value:
Token symbol: ATO
Token distribution: 1 billion ATO tokens
Tokens in sale: 800 millions ATO (the remaining 200 millions will be used for bounty program, advisors and early investors).
Token price: 1 ATO = 0.01 USD
Hard cap : 10 millions USD
Now the important bit, revenue sharing will be of 5% from the all revenues coming from the management fees, and a further 20% profit sharing coming from the performance fees, and they will be distributed to the token holders.
As for the Roadmap, according to the White Paper, the company started in 2016 developing a robo-advisor for traditional assets, at that moment they did the implementation of the asset allocation engine for a predefined portfolio and the optimization of the risk adjusted returns according to the risk profiles, with an improvement of returns by using algorithmic trading strategies. In the first to third quarter of 2017 they worked on the adaptation of the engine to the cryptocurrency market. In the last quarter of 2017 they started to create the crypto advisor Automata, forming the core team, developing the back-end engine and releasing the first version of the product. In first quarter of 2018 the marketing campaign started, assisted by the website release. In the second quarter of 2018 they prepared for the token sale, presenting the whitepaper and building the community as a result of the development of the Smart Contract.
The steps to follow are:
- Q3 2018 -development of a MVP (Minimum Viable Product), release of the platforms beta version, implementation of different risk profiles and bounty program started.
- Q4 2018 -the launch of the Automata Mobile App, with the release of it they will start to invest using cryptocurrencies and the desktop version will be optimized.
- Q1 2019 -upgrade of the Automata platform, integration of the external providers, introduction of the core satellite approach, development of the new in-house investment strategies (ICOs, exchange arbitrage, market making).
- Q2 2019 -introduction of the Automata prime services, expansion of the product range, integration of AI trading strategies and optimization through machine learning.
All in one, this is an interesting project to follow, to see if they will achieve what they promised.
(Disclaimer: This article was created in exchange for a potential token reward through BountyOx. BountyOx username: Heruvim78)