A new crypto liquidity platform called Xaindex has launched in Australia, and states it focuses on developing neural networks and synthetic intelligence to trade cryptocurrencies
Xaindex is a cryptocurrency liquidity platform, and with cryptocurrencies still extremely popular, because despite a series of fluctuations in values over the past few years, Bitcoin is still worth tens of thousands of dollars today.
Plenty of other cryptocurrencies have also fluctuated wildly in value too, especially as people have tried jumping on various bandwagons in the hope their chosen crypto could massively rise in value so they could make fortunes.
Even with the recent FTX crypto exchange and platform imploding, taking billions of dollars down with it, the fear of the market still has plenty of attraction to massive numbers of people worldwide.
So, one of the things people working in the world of crypto want is some kind of technological advantage, and with the explosion of interest in and the ever growing capabilities of AI, it was only natural that someone would seek to not only blend the two, but to enhance it further.
Now, let me state right up front that I am no expert in crypto, I don’t own any crypto, and while that means I haven’t lost any money in crypto trading, I haven’t made any either.
That said, I’m still interested in learning more about and watching the crypto space, because it does seem to give human beings a way to trade and store value in ways that aren’t under the control of governments and central banks, and can help people avoid the scourges of inflation.
Once again, however, I am not an expert in crypto, so I have no idea if the Xaindex platform works the way its creators say it does, so as with all financial decisions, please seek your own competent financial advice and invest accordingly.
Experts always seem to advise investing in a balanced portfolio, which these days would presumably include physical cash, bank deposits, shares, physical precious metals, cryptocurrencies and other financial instruments – don’t put all your eggs in the one basket!
So, does Xaindex do? We’re told it focuses on the development of neural networks and synthetic intelligence for cryptocurrency trading, and that this platform plans to work in various regions of the world, without any restrictions, with its physical office in Sydney, Australia, where the platform is regulated by ASIC, the Australian Securities and Investments Commission, which is a government agency with strict financial controls.
What is the technological basis of Xaindex? Crypto liquidity platform with Synthetic Intelligence
We’re told that one of the main challenges of quantitative finance is price prediction. I mean, price prediction is something everyone in finance wishes they could predict with accuracy, because if they could, they would be able to retire to the beach in the Bahamas as the famous scenario goes, replete with copious pina coladas and loads of cash. So, if you can get some kind of advantage in accurate price prediction, this would be a notable thing.
Xaindex points us to its work in crypto trading, which it says is its main focus, and where the company has accumulated significant successful experience, due to its 7 years of crypto trading and high-tech developments in neural networks.
Here’s where the AI comes in, which Xaindex says it has created it own version thereof, which it has dubbed synthetic intelligence (SI), based on its developments in the field of neural networks.
The company says these neural networks are the basis for synthetic intelligence, and deliver a more advanced form of AI than traditional systems, with Xaindex’s version including “complex human functions and the use of multi-level arrays of both dynamic and static data,” which is said to deliver tangible benefits.
Here’s one of the company’s official videos:
Right now, Xaindex says synthetic intelligence is already helping it significantly improve the results of liquidity management in the cryptocurrency markets, and that this isn’t the only area of improvement.
For the effective analysis, control, adjustment and management of Xaindex liquidity, the company explains it has created a complex chain of interaction of algorithms that are controlled by synthetic intelligence.
When managing liquidity, Xaindex says it initially collects, stores and processes market data. Then, under the control of artificial intelligence, a database of Xaindex predictive models is formed, after which the algorithms are tested based on the identification of predictive models. After testing, the work of the algorithms is checked.
The synthetic intelligence then starts the liquidity management process – according to the risk policy – and begins tracking new patterns and fractals. As a result, the list of crypto-assets used in liquidity management is intelligently adjusted.
Xaindex explains how its internal system operates
The company explains the entire financial system of its platform is based on an advanced model of the algorithmic stablecoin, known as an SUT, or Synthetic Utility Token.
Now, crypto aficionados will understand all this better than me, but Xaindex says the difference from the standard model is that the whole system works to provide the token with a collateral value. At the same time, the liquidity of each Synthetic Utility Token (SUT) is managed by synthetic intelligence, and the cost of the token directly depends on the overall efficiency of the systems it is used with.
Xaindex continues, stating the rate of the SUT is dynamic, but at the same time, it is as stable as possible in relation to USDT. SUT price stability is ensured by active liquidity pools, by Xaindex technologies and by innovative algorithms that process gigabytes of information every day.
Token emission is carried out only in 2 cases: when liquidity pools are activated, as well as when generating profit during liquidity management.
Currently, the company explains an SUT is used only inside the Xaindex system. However, the platform plans to transfer all transactions to one of the popular blockchain platforms later this year. We’re told this will ensure full transparency of transactions, as well as the inflow of additional liquidity.
Automated liquidity management systems
Since Xaindex’s synthetic intelligence can imitate human intelligence, the company says this allows it to apply high-frequency trading methods to manage the liquidity of the platform.
High-frequency trading is a form of algorithmic trading used by funds and other financial institutions in which computers carry out a large number of trades in a matter of seconds.
The work of high-frequency algorithms is based on mathematical calculations and predictive analytics, which is provided by neural networks with different data processing architectures. Xaindex says that all this together allows it to get advantages in the cryptocurrency market, as well as make excellent profits while managing the platform’s crypto liquidity.
It all sounds very intriguing, and were I actually involved in cryptocurrency trading, it does seem very much like something I’d want to know more about, so if you are into crypto and want to know more, and learn more about how Xaindex claims its synthetic intelligence can be used to manage crypto liquidity, then visiting the Xaindex website https://xaindex.ai is an action prediction that even I can make!
You can also find plenty more information at the Xaindex YouTube channel here.
