From rags to riches 14: Update for Cindicator and analytical products

This is a part of my blog for my journey from £300 to £60000 through cryptocurrency investments. For an introduction take a look here

Christmas is over so it is time for my long overdue article for Cindicator and the analytical products they released a couple of weeks ago. As a reminder I invested in the Cindicator ICO almost three months ago.

Cindicator is a hybrid intelligence platform. This means that they combine artificial intelligence algorithms with collective intelligence to predict certain events in the future. How does does this work in practice? Cindicator has an app available for iOS, Android and through Web Browsers. People can log to the app and make predictions. All these predictions are gathered and are filtered through machine learning algorithms. When the machine learning algorithm finishes some numbers come out. These could be either the probability of an event or what would be the higher and the lower price of bitcoin next week.

How does does this work inthe the context of the cryptocurrency ecosystem and Cindicator tokens? In two main ways. First,, the people that use the platform and try to predict certain events are rewarded according to their overall accuracy. The more accurate someone is the bigger the reward. There is a system that awards participation and consistency and you can find more details here. It is a good system and the total amount of the prize pool gets bigger almost every month since I started using the app. I guess this trend will continue the more popular Cindicator becomes. At the moment I am close to being at the top 100 analysts.

So who benefits from all these predictions? The people that hold Cindicator tokens. At the moment there are three levels of access depending on the amount of Cindicator tokens someone holds. More Cindicator tokens give you acccess to more valuable indicators. For example,, the basic level gives you access to some basic predictions like the probability of Bitcoin reaching a certain price after a certain date. The second level gives access to more advanced indicators like which ICO people believe would be the more profitable. Finally,, the last level gives access to probably the most lucrative indicators which are specific price predictions for Bitcoin, Ethereum and Ripple over a set amount of time. You can find more information about the different indicators and their accuracy here.

Unfortunately,, at the moment I only have access at the lowest level which is still good value but it only has basic indicators as described. I would love to have more Cindicator tokens but too expensive for me. On the other side, I mainly bought this tokens as an investment so the 5x increase of the value of the token since the ICO made this a good investment. I will probably sell some of them to move according to my initial plan to another ICO and I hope that when my overall holdings increase in value I will be able to buy more CND tokens to take advantage of the more advanced indicators.

That’s it regarding Cindicator. Give it a look it is definitely worth it. It is a very interesting project with a solid team behind it. My next update will be about my investments at the moment and how everything is going.

Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.