Access to information is just one hurdle investors face when participating in cryptocurrency and blockchain markets. Investors spend countless hours sourcing information and trading all based on extensive market data; a challenging and time-consuming process. WatermelonBlock is a data analytics company with a suite of products that provide cryptocurrency insights to the consumer FinTech market using a combination of sentiment analysis, taken from social media, in addition to traditional technical analysis.
WatermelonBlock evaluates the degree and volume of positive or negative sentiment. Weight is added to sentiment by social media content, posts and author influence. WatermelonBlock’s AI then creates a ranking of coins and ICOs based on an internal system unique to WatermelonBlock. This known as the Melon Score. The initial app will include token use, WMB. WatermelonBlock operates on the NEM Blockchain and co-operates with IBM Watson’s AI to process and analyse big data.
Blockchain and cryptocurrencies are changing the global financial landscape, providing new investment and trading opportunities to retail consumers who have up until now relied on traditional FinTech investment applications. Today, anybody can become a cryptocurrency investor or trader with a minimum investment. This has brought many newcomers to cryptocurrency markets who did not reviously possess the technical know-how in currency trading. For instance, a taxi driver or a pianist can trade or invest in cryptocurrencies and ICOs in their spare time with a small amount of funds and make higher returns than with traditional market retail investment applications.
Successful cryptocurrency traders have one thing in common - they do not guess. To make consistently positive returns, they dedicate days, if not weeks, researching their first currency purchase. It can take them months or years to develop technical and market specific knowledge to invest in multiple cryptorelated assets effectively. It is important to note that this time is not free - aside from forfeited work and personal activities, this time can often mean missed opportunities, when an investor has been too slow to capitalize on profitable opportunities.
This is where WatermelonBlock comes in - making cryptocurrency, ICO investment and trading simple enough to fit any lifestyle, while being smarter and faster than traditional investment analysis.
As part of its Phase implementation, WatermelonBlock will provide actionable insights in real time while making the whole investing and trading process simple, easy, reliable and trustworthy. This will be done with the help of proprietary algorithms and the robust, scalable processing power of IBM Watson Artificial Intelligence (AI).
WatermelonBlock‚ s phase Iimplementation, targeted to be launched in the third quarter of 2019, intends to analyze information which would take human minds hundreds and thousands of hours to process. This makes the process faster, more efficient and accurate using Aand machine learning that factor in behavioral finance and economic methods of analysis. WatermelonBlock will be able to cleverly analyze market sentiment by combining technical and social big data sets. Utilizing the efficacy of AI, WatermelonBlock will not be vulnerable to the biases of any particular investor, group or strategy.
|“||Q2 2018: Final stage development of WatermelonBlock the free iOS insights application.
Q3 2018: The ICO public sale begins.
Release iOS and web based wallet.
Early stage development of WatermelonBot AI investment fund application.
Q4 2018: Release of the premium version of WatermelonBlock insights app on iOS and Android, featuring ICO analytics and portfolio.
WatermelonBlock token listed on major exchanges.
Release WatermelonBlock free iOS insights application.
Q1 2019: Launch of WatermelonBlock news service and proprietary investor confidence indexes.
Release of dossier of trading strategies that users have trialed using WatermelonBlock.
Launch of WatermelonAnalytics Business Sentiment Analysis Tool.
Q2 2019: WatermelonBlock Sentiment Influencer accreditation program.
Q3 2019: Release of WatermelonBot AI investment fund app on iOS, Android and web platform.
Q4 2019: WatermelonBlock debit card release.
Q1 2020: Commence strategic partnerships with established crypto banks and lending platforms.
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