REVIEW AiBB TECHNOLOGY PART 2

cryptonewsico (28)in #ico • 6 years ago

What is AiBB?

AiBB is an Ai assistant wrapped in a decentralised, feature-packed crypto trading application. It’s an all-in-one platform for both experienced and noobie cryptocurrency traders. AiBB provides a solution in a currently saturated cryptocurrency ecosystem where access to information is easy, but working efficiently with thousands of contradictory and time-consuming information sources, wallets, coins, and exchanges is much more difficult. Our Ai Prototype assistant is live on aibb.io, featuring a NLU, NLP, and ML proprietary patent-pending algorithm that operates within all the modules in the application. It looks, listens, and learns contextually -- a robust improvement over bot-like Ai applications, in order to deliver actionable data. Ai powers three AiBB layers: application, exchange, and Ai which all work with thousands of modules to gather and analyze thousands of points of information and centralize them so they are available to users instantaneously, anywhere at anytime.

AN Ai ASSISTANT

AiBB's Ai assistant is designed to understand the full context of a user query. By using an end-to-end system of search, filtering, analysis, and answer generation, AiBB is able to provide an actionable response to the user.

Our Ai Assistant operates differently than a bot. It proactively gathers data and provides users with information prior to human users executing or performing a task.

This process is done by combining centralized and decentralized technologies, which ensures that data stays secure with minimal latency.

ANALYTICS

We have information. In fact, we have a lot of it. When a user is required to go through numerous pages of raw content and research blogs and then try to piece it all together, they waste time and miss facts.

Our system of gathering information uses our proprietary algorithms, performs deep analysis and presents the information in an actionable format. This give us a unique advantage: AiBB is about saving time by providing accurate, up-to-date information from thousands of data sources. It's not about having access to unlimited information, it's about having access to the right information at the right time to make those educated decisions.

ALERTS

This automated alert system is designed to gather information 24-7. At present, trader’s open positions on an exchange in a “set it and forget it” fashion. Most often, users forget they set it in the first place. When a big spike in price occurs, the user is unknowingly closed out of their position, missing out on potential profits.

We have seen sell orders set at $2, tokens sold, and tokens ultimately soaring to $8. A $6 jump is incredibly significant when a user trades away 10,000+ tokens. Traders currently work in a system where they may routinely miss out on that $60,000 increase in their portfolios.

This happens and it happens very often. By proactively taking the step to not miss out on such opportunities, AiBB can help grow portfolios by just anticipating the market ahead of trade orders and giving users a heads up!

Token Authentication Protocol (TAP)

The Token Authentication Protocol is a tech-savvy, user-friendly way to verify details of each transaction before sending any asset within AiBB. The protocol eliminates user error like mis-typed addresses.

When sending a token to a contact within the application, the only requirement is that the receiver is a contact on the application.

Users are not required to fill in any wallet addresses. The receiving app knows which asset is incoming and deposits it into the correct token wallet.

If the wallet address is not generated, the app will create it and deposit the funds into the appropriate wallet.

A BETTER WAY TO TRADE

AiBB's users have the ability to execute trades across multiple exchanges via a private and secure API connection.

Once users authorise AiBB as a trusted source using a secret API Key, the user will no longer have to log into the trading platform, confirm their identity, or authorise their IP address before executing a trade. AiBB’s secure connection cuts minutes into seconds by trading directly from the application.

PORTFOLIO MANAGEMENT AUTOMATION

Asset management, or portfolio management, is a module that automatically gathers information from all connected exchanges.

This includes information regarding trades, the execution price, the dates, and associated fees. This gives users a clear snapshot of what their assets are worth. This helps reduce the need to have multiple apps for specific purposes. It simplifies trading while making it smarter.

TRADE DATA

One of the key features in our trading modules is a snapshot of the trading data across multiple exchanges. Users can see the number of executed orders to get a clear picture of the buy and sell order. If majority of people are selling then it is a clear indicator that there is a potential risk of investing in that asset at that very moment. Knowing no longer requires logging in at every exchange and eyeballing the data yourself.

FEES

By facilitating a peer to peer trading platform, we reduce the fees charged by 3rd party exchanges on trades executed. By helping users save on the trades of their underlying assets, we encourage new users to adopt AiBB's platform as their primary crypto application.

SECURITY LAYER AND PROTOCOLS

Our Security layer addresses one of the biggest issues that cryptocurrency traders face: the fear of assets being stolen.

Banks set up firewalls to keep hackers out and trace them back to their origins and recover hacked assets. We do the same, with multiple layers of security but also a learning module -- we implement a database of attack logs that can be shared between modularized layers of the app, keeping each individually protected but strengthening cooperation between all aspects of the app to prevent attacks.

Chapter 5.2 AiBB's Security Discusses our security measure and protocols, including when assets are locked and transferred to users’ alternative wallets in case of attack.

PAYMENT FUNCTIONALITY

A payment solution built into AiBB will provide our users and merchants with instant payments for goods and services via Crypto or Fiat. That means users can make purchases using the NFC technology on their mobile devices or use a payment card at any traditional retailer.

The first step to achieving fiat functionality on AiBB to by applying for our EML (electronic money license) and exchange licenses in the EU. This allows us to give our EU user bank like functionality with IBAN (international bank account number). Users can send and receive fiat funds just like a regular bank account.

We expand these offerings to users from others countries by establishing partnerships with various financial institutions.

Our Team & Advisors

We’ve hand-picked a diverse team with the experience to get AiBB into the hands of traders everywhere, to nurture the trading community, and to grow opportunities in crypto for all.