AI is all anyone has been talking about in the past few months. This is unsurprising, given how rapidly the technology has been developed and the potential it has in a variety of fields. There are a few companies that are not thinking of working with AI in some way.
Now, it is possible for decentralized technology to be used with AI to offer strong and novel use cases. That’s exactly what yPredict is doing, with several features offered through this platform.
Here, we explain what yPredict is, the features on offer, as well as details on its presale.
What is yPredict?
yPredict is a decentralized platform that leverages the power of blockchain technology to offer a transparent and secure prediction market. The platform is built on top of the Ethereum blockchain and uses the YPRED token as its native currency.
yPredict aims to provide users with a decentralized alternative to traditional prediction markets by leveraging the power of smart contracts. Users can create and participate in prediction markets on a wide range of topics, including finance, politics, and sports.
The platform also offers a unique feature called “Social Trading,” which allows users to follow and copy the trades of top-performing traders on the platform.
Overall, yPredict aims to democratize the prediction market industry and provide users with a transparent and decentralized way to engage in prediction trading.
What Does yPredict Offer?
yPredict has four main offerings:
- Market predictions
- Analytics dashboard
- Marketplace
- Terminal
The yPredict.ai Market Predictions platform is an open platform that provides free access to coin/securities price predictions. These predictions are generated using both in-house developed predictive models and selected marketplace developer’s models. The goal of these free predictions is to demonstrate the numerous possibilities of analyzing price trends through AI/ML-driven tools on the yPredict platform.
The analytics platform lets features such tools as pattern recognition, sentiment analysis, indicator analysis, and transaction analysis. yPredict Analytics platform is designed to run on a freemium pricing model. Three levels of membership include free, active, and pro trader.
The marketplace allows developers to list their model’s prediction results as a subscription service, which is referred to as “Results as a Service.” Traders and investors can then subscribe to these models on a monthly basis, receiving real-time results through the yPredict platform.
This approach provides developers with a passive income stream, allowing them to focus on their passion for building AI/ML models without having to engage in trading activities. Meanwhile, traders benefit from a wide selection of predictive models and can choose to subscribe to those that best suit their preferences.
Lastly, the yPredict Terminal is a sophisticated trading platform for advanced traders.
The YPRED Token Has Many Uses
The yPredict tokens run on the Polygon blockchain. This network offers numerous advantages, including compatibility with Ethereum, scalability, security, and a positive developer experience. While other blockchain options may also provide some or all of these features, the Polygon community has been known to be particularly inclusive and attractive for developers.
To ensure that each token retains a reasonable value over time as the community of holders grows, YPRED tokens have a limited supply of 100 million.
The project also has its own DAO. The listing and delisting of models on the marketplace is determined by a DAO model, where YPRED holders cast their votes to decide the outcome. This democratic approach ensures transparency and fairness in the decision-making process.
Moreover, implementing the DAO Governance mechanism for developer’s model submission helps yPredict maintain high analytical standards on the platform. This, in turn, enhances the platform’s appeal to traders, investors, and other developers seeking a reliable and trustworthy marketplace.
The yPredict Presale is Currently Taking Place
🌟 At Ypredict, we're not just building for a few years, we're building for a lifetime. 💪 Our cutting-edge predictive analytics technology is designed to help you achieve long-term success in the world of crypto. 🔮 Join the #yPredictArmy and invest in YPRED token now! #YPRED… pic.twitter.com/sK4kOnnA87
— yPredict.ai (@yPredict_ai) April 26, 2023
The yPredict presale has already begun and is the first of its 8 stages. Each stage will see the price of the token go up, and varying amounts of tokens will be made available during the sale. In the first stage, the token will be priced at $0.036. The token will be listed at the price of $0.12.
80% of the tokens have been dedicated to the presale, with 50% unlocked during the token generation event. There is a 6 week lock-in period and 6 months of vesting.
The AI Revolution is Here
AI is the future – this is certain. There are billions being poured into this technology. The time is right for both AI and decentralized tech to support each other, and the combination is extremely potent.
yPredict brings a lot of innovative features and use cases, as well as several features. The platform stands as one of the dark horses of 2023, and could very well be a game-changing project in the crypto market. The presale is well worth looking at, especially so because it is in the first stage.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
