CoiningBot Marketplace — Most advanced blockchain based trading bot marketplace to combine the best of CoiningAI’s state-of-the-art platform and the best data scientists around the world.
CoiningAI offers the most complete solutions for a cryptocurrency trading bot and portfolio builder. Even without the portfolio builder, the trading bot sets us apart with the advanced Natural Language Processing platform that we built to monitor social media buzz and change in social media buzz and sentiment, along with the news buzz and change in news buzz.
With the right data and blockchain technology, however, machine learning becomes even more powerful.
CoiningBot Marketplace: Blockchain based Artificial Intelligent Trading Bot Marketplace
Machine learning models that are trained on data from blockchain-based marketplaces represent an opportunity to create some of the most powerful artificial intelligences in the world. These artificial intelligences ultimately result in open marketplaces where anyone can sell their data and data scientists get access to the best data. In this type of marketplace, data scientists can build the best models, and consumers get access to significantly more options at a competitive price in the marketplace.
Building a platform that provides all the coin price data, along with social data, is a huge undertaking and requires significant amount of engineering work, which limits a lot of very gifted data scientists to taking part in it. CoiningAI Trading Bot Marketplace solves that problem.
The CoiningBot Marketplace is home to trading bots from creators everywhere. Our own CoiningBot will be just one seller on the Marketplace, with other data scientists and creators offering their own trading bots with long term, medium, and short term portfolios. The owner of each trading bot will be able to decide what percentage of profit gains they want to make from their clients.
Data scientists can create their own bots using the wealth of data provided by the CoiningAI suite of products, which includes coin historical price, technical indicators, social buzz, news buzz, changes in social buzz, price, trading volume, ranking information, and more. Currently, in our data marketplace, CoiningAI is the only provider for the data used for training and real-time prediction. In the future, we plan to extend it to other third party providers, which will give the trading bot creators access to even more data that is indicative of predicting coin price.
Users will come to the CoiningBot Marketplace with a portfolio built from CoiningPortfolio or from the Portfolio Marketplace and will choose Trading Bots based on their wants and needs, such as time in the market, risk tolerance, and more.
The bots will then send the trading signals to the CoiningAI platform, with the trading will be executed on that platform. CoiningAI will charge a 2% processing fee using a smart contract, much like our CoiningBot. Additionally a small portion of the profits from the bots will be paid to CoiningAI for providing all of the data and executing the trades. The bigger portion will go to the trading bot creators, allowing the best trading bots to flourish in the marketplace.
These renewal fees will be paid using smart contract, again like CoiningBot. In this case, we just add the additional information of the 3rd party bot’s name, to make sure the percentage of the profit goes to the bot creator. This smart contract, CoiningContract, is deployed on the Ethereum blockchain. The smart contract is secure and light-weight which guarantees every payment is recorded permanently on the Ethereum blockchain without possibility of fraudulence or manipulation.
Smart Contract Marketplace Rating
CoiningBot Marketplace features a blockchain based rating system. This rating, along with other factors, will help users find the best trading bots for long term, medium term, and short term portfolios. Our use of smart contracting ensures that the weight of each voter is not indifferent and non-forgeable. Only a user who used a trading bot can vote, and the user who traded with larger volume with the tradebot will have larger votes than others.
The votes come from the receipts generated from the CoiningContract when an investment or paid subscription fee is confirmed. The receipt contains information about the amount of the investment, the net profit, the trading bot used, and the digital signature of the user. The user can rate a trading bot with the receipt, which enables several features: :
- The receipt proves that the rating is not forged and that it comes from real user experience.
- The weight of the votes can scale along with the amount of the investment. The larger the investment from the user on this trading bot, the heavier the vote is.
- The receipt can separate users into two categories: Ones who have used the trading bot and are providing feedback, and the rest who have not used the bot but wish to comment.
- The receipt can also be integrated and published to show the actual performance of the trading bot. Due to that the receipt is based on blockchain, it cannot be falsified.
Smart Contract of Rating Scheme
The rating interface is implemented by a smart contract on the Ethereum blockchain. The user can rate a trading bot given the corresponding receipt(s). The receipt will be attached to the trading bot along with the ratings, which will stay permanent and unchanged on the blockchain, ensuring that votes cannot be forged. Authentication is automatically done by verifying the identity of the user.
Smart Contract of Bot Profits
All the user payments for the trading bot profits are paid using our smart contract payment, CoiningContract. CoiningContract generates a receipt as a proof of payment for all transactions in the blockchain with the bot information and profit information. We capture the amount of profits each trading bot earned and the number of days the bot traded from the non-forgeable blockchain to rank the bots on the leaderboard.
CoiningBot Marketplace Leaderboard
To rank the bots that participate in our marketplace, there are three ranking factors for long term, medium term, and short term portfolios. One, user rating using smart contract, weighted based on investment amount. Two, profit earned from that bot compared to other bots on the marketplace. And three, the number of days that bot made real-time predictions.
First, the smart contract user rating aims to capture user reaction to a bot that other, more quantified methods may have missed. Furthermore, the user rating is weighted based on how much money a user has invested in the bot. Thus, users with more investment have a stronger influence over the rating than someone with little investment.
Second, the profit gains from the bot are not based on the average profits from that bot, but rather in comparison to other bots on the market. This accounts for when the market is bear or bull by comparing the gains between bots, not as the pure average profit.
Finally, the Smart Contract Trading Bot system captures how well the bot performed over a period of time. A bot could perform very well for a few days, but that might not be sustainable in all market scenarios, thus we take into consideration by looking at how long a bot has been available.
With all of these factors taken into consideration, the Trading Bot Rating system can give users a list of bots that consistently outperform others, while also factoring in user reviews. Bots that are well received by users and earn consistent profit will rank atop our marketplace rank list.
While we laid the foundation for modern trading bot technology, our CoiningBot is just one of many that will be available via the CoiningBot Marketplace. The goal of our marketplace is to give creators and investors a place to share and discover bots that work for them.
CoiningBot Marketplace makes the wealth of data that CoiningAI offers via its own data marketplace available to data scientists around the world. With access to that information, users will be able to create and sell their own trading bots on the CoiningBot Marketplace, earning a share of profits themselves. CoiningAI offers crucial data such as profiles, coin details, portfolios, and more for bots.
By allowing other data scientists to create their own bots, the CoiningBot Marketplace will serve as the top source for trading bots for cryptocurrency investors everywhere.