Adelaide, Australia, March 03, 2022 (GLOBE NEWSWIRE) — Protocol AI soon plans to launch it’s READY token to fund the development and maintenance of Protocol AI’s high speed trading infrastructure for retail crypto traders.
The $READY token
Ownership of the decentralized READY token will provide holders the right to access all of the features embedded in Protocol AI’s platform as they are released in accordance with the roadmap timeline.
Holders of the token also hold the right to vote on which new trading signals should be added to the protocol by the development community.
The decentralized token will live on Binance Smart Chain. This is to ensure a liquid market for the token as the Binance Smart Chain blockchain currently has the highest real transaction volume and liquidity whilst it’s affiliate the Binance crypto exchange is by far the largest and most liquid centralized exchange in the world.
Demand for the token is based on the demand from users who want to deploy Protocol AI algorithms to manage their crypto investments. The intrinsic value of the token is therefore equal to the benefits gained by crypto users from employing Protocol AI algorithms and execution.
New tokens may be issued in the future to cover operational costs or to be distributed as incentive rewards to ecosystem contributors.
200,000,000 tokens issued.
Breakdown of Token Holdings
- 70% Startup team
- 30% ICO participants
- Intended Use of Funds
Intended Use of Funds
- 40% development of the Protocol AI technical features
- 20% ongoing operational costs ie. Colocated servers etc.
- 40% marketing the platform to improve token take-up by crypto users
Protocol AI Feature Roadmap:
- Price feed infrastructure
- Order management infrastructure
- Co-location of servers to exchanges and nodes
- Secure API connection to centralised exchanges
- Template algorithms
- Performance Display
- Mobile and Web App finalised
- Initial launch for retail crypto users
- Customisable strategies
- Backtesting platform
- Functionality for community developed algorithms
- Wallet software which manages many different blockchain address/key combinations for every blockchain the user wants to trade
- Wallet which only accesses a single blockchain and only trades in tokens which exist on or have been wrapped on that blockchain
- Pooled holdings to reduce trading fees
Complete access to all these features will be made available to holders of Protocol AI’s READY token as reward for supporting the mission.
Sign up for our IDO: https://protocolai.io/sign_up
About Protocol AI
Protocol AI solves the trading problem by letting participants create their own custom bots in a few clicks without programming — all optimized with super fast and advanced AI. Algorithmic driven machines learning combined with ease of use, allowing for anyone to participate gaining insights to strategic trades quickly and easily.
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