Why Precog Finance is About to Take Over the Crypto Derivatives World
A dive into how an entire ecosystem branches out of and revolves around a single evolving algorithm
Today’s market is no stranger to trading algorithms and bots, in fact, one could say a significant portion of trades that take place are executed by such programs through APIs and smart contracts. It’s a fast, hypercompetitive but repetitive space where hardly any algorithms fundamentally differ from one another.
This fact is particularly true for the crypto derivatives market, as very few algorithms exist that target it in a manner that is continuously self-improving through both machine-learning, and through support and backing from multiple talented specialists from diverse educational backgrounds.
Precog.finance, thus, can stand out on a league of its own on the basis of its raw performance, its innovative nature, and its ever-evolving artificial intelligence — but to say those are its only differentiators would be overlooking another crucial area where the protocol thrives: its ecosystem.
More than a Product
As a standalone product, Precog.finance manages to set itself apart easily; but in order to make a significant impact on today’s crypto market, a single product does not suffice — an interconnected ecosystem is required. To that end, Precog.finance consists of a series of products, protocols, team members and its native token to collectively function, improve and propel the Precog.finance’s ecosystem and its users into the summits of cryptocurrency derivatives.
It starts with the DeFi Protocol — a sophisticated financial product that allows any user to invest using various assets such as ETH, USDC, USDT and so on, into a basis trading landscape. The incorporation of Polygon — a Layer-2 solution for Ethereum — further widens the accessibility and reach of the protocol, allowing users to benefit from faster and cheaper transactions using Polygon’s rollup technology.
Then comes Precog Finance’s main attraction — the highly-advanced crypto arbitrage trading algorithm. It functions by checking market conditions and, based on previous historical data, applies the best trading strategy applicable to the scenario to generate profits directly for users. It is also capable of trading around the clock for 7 days a week at lightning speeds, effectively ensuring the investor doesn’t have to lift a finger to trade again.
The hidden gem at the core of this algorithm is a machine-learning AI that allows the algorithm to constantly improve based on newly-discovered data. Of course, some of that data has to be interpreted by human beings to put them into the right context; which is why a team consisting of algorithm, machine learning and AI specialists, as well as financial engineers stand behind the product in order to ensure the algorithm is producing the best results 365 days a year.
As one can conclude, Precog.finance is not just a repetitive algorithm that is automatically generating profit for investors, but rather one that is backed by continuous improvement cycles. Thanks to a talented team that constantly put their time, effort and expertise into the product, improving and optimizing the algorithm, new strategies are implemented gradually to maximize the returns and improve capital efficiency.
Decentralized, Governed and Multi-Faceted
Precog.finance will initially consist of the PCOG token, the trading environment (currently referred to as “Sentient”) and a decentralized derivatives exchange platform called “Cerebral”. In addition to these components, it will also include an upcoming staking protocol that allows participants to earn PCOG and BTC thanks to a unique approach to PCOG’s tokenomics.
Each product is backed by a dedicated team that will ensure continuous support, updates and improvements. Through community channels and a DAO, the teams will be able to listen to users’ feedback, proposals and suggestions; and implement them where appropriate, provided that a consensus is achieved through decentralized governance. The Precog.finance ecosystem fund will be responsible for releasing the DAO tokens to investors and holders to enable community participation in the governance process.
With all the makings of a protocol that can take on the market on every front, and with its target set on the underserved derivatives corner of the cryptocurrency landscape, Precog Finance is all but waiting for the final screws to be twisted into place — upon which it can leap, spring and pounce on every opportunity it spots. With every trade it executes and with every shift in the market, it is set to analyze the resulting data and improve upon itself to continuously deliver results that will gradually get even more difficult to match.
Would you like to learn more about Precog Finance? Follow us:
Website: https://precog.finance
Twitter: https://twitter.com/PrecogFinance
LinkedIn: https://www.linkedin.com/company/precog-finance
Facebook: https://www.facebook.com/precog.finance/
Instagram: https://www.instagram.com/precog.finance/
Telegram: https://t.me/Precog_Finance
Whitepaper: https://precog.finance/pdf/whitepaper.pdf
