What is FTEC?
FTEC is the first trading ecosystem of intelligent services and neural networks for conducting effective trading activities on cryptocurrency markets. The idea of our project is to create an ecosystem that will contain all necessary tools for users with any level of experience and knowledge in the crypto field.
Our global mission is to reduce negative influence of non professional traders on cryptomarkets.
According to the report “Algorithmic Trading Market 2025 Global Analysis and Forecasts” which focuses on the in-depth segmentation of this market based on functions and applications.
It is expected that the global trading market for algorithms will grow up to 18 billion. Therefore, we tend to believe that with proper development strategy and good marketing, it is likely to take 0.05–0.1% of the crypto-trading market under management.
— FTEC Team
Paxtradings Quick Facts
- An ecosystem for automated and manual crypto trading
- 1 ETH = 35,270 FTEC token
- ICO: June 20, 2018 — July 18, 2018
- 700,660.000 total available / 998,400,000 total supply
- A functioning mobile app for Apple and Android phones
Q&A with FTEC
Paxtradings: How does the FTEC token function within the platform and why is it needed?
FTEC: First of all, our token will be used as a payment method for the services inside the ecosystem.
Our own token can solve a fundamental volume problem we faced during our work with our existing projects and also gives token holders certain advantages.
Due to a constant number of tokens, users will be able to influence their position in the queue by selling or buying tokens. The system will have a mechanism for calculating certain queue of users owing to the uneven distribution of tokens between holders. The place in this queue will determine the potential profit of the token holder because his orders will be executed earlier and at a more favorable price.
Also, the token will help to give clear ratings for the signals authors inside the “trading recommendation platform” which we have inside our ecosystem.
Paxtradings: Tell us more about COINBOT.CLUB and what that project has accomplished thus far. What is the relationship between FTEC and COINBOT.CLUB? How many traders are currently using COINBOT?
FTEC: COINBOT.CLUB I is a bot rental service, one of our already existing services. It is used by thousands of traders all over the world. Besides all clear advantages bots have in comparison with manual trading, we also want to highlight open source code, real open statistics, two-factor authentication, and trading on different exchanges (arbitrage assistant) at the same time.
Coinbot.club will be a part of the services in the future ecosystem. Coinbot.club belongs to FTEC, and as soon as we launch the first Beta version of FTEC ecosystem, it will be implemented inside FTEC. Algorithms will be improved drastically.
We have about 10,000+ active members who are using coinbot.club. They all are using it on different exchanges and with different deposits.
Paxtradings: What is your strategy for growing the user base? What is the context of the industry as a whole and who is the target audience? Are you focusing more on sophisticated crypto traders, beginners or both?
FTEC: All traders are our audience. We are doing everything possible to create a platform that will be equally useful and convenient for both new and experienced traders. Since our global mission is to reduce the number of unprofessional traders, we are developing modules which will help inexperienced traders to become experts on the market. And experts in the crypto field will be able to improve their skills and simplify their trading.
Also we are helping people who don’t have time to find good situations in the market. Our auto trading system will save the time since all people need to do is just connect their API keys of the exchange account (which is 100% secure since API keys do not allow anybody access to your funds).
Paxtradings: What are some of the key features that will separate FTEC from other trading platforms for crypto? What are some of the risk management tools that your platform will offer?
FTEC: FTEC will provide efficient and fast trading, flexible system of notifications, multi-level partner programs, the ability to analyze new backgrounds with the help of AI and neural networks, the ability to monetize user’s knowledge, analysis of user’s behavioral pattern on the exchange, and many other services. Our main advantage is that FTEC combines all tools necessary for the market. Moreover, we developed modules which were never presented before, like Service of Trader’s Behavioral Analysis, and several others.
Some of our modules are already presented on the market, but FTEC’s version will improve it drastically and some of the services are unique.
Paxtradings: Can you explain how the “Adaptive Social Assistant” will provide positive or negative ratings? How customizable is it? Can it be configured by traders with personal preferences?
FTEC: Adaptive Social assistant has very simple scheme of work. The user selects a group of accounts for tracking, selects one of the available dictionaries or sets his own keyword list, set configurations and then just receives notifications from our neural network and accepts trading decisions.
Paxtradings: How does FTEC ensure that the platform is easy to use by those that are not technically savvy or not as sophisticated in crypto trading? What will be included in the Cryptoacademy?
FTEC: We already mentioned that all FTEC modules can be used by traders with any level of experience because they are easy to use and user-friendly. But Cryptoacademy is a sort of number one module for newbies in our list. It will enable beginner traders to only get knowledge that will work exactly on the cryptocurrency market. Its main goal is to compensate for the lack of convenient training tools that allow the user not to risk real money and learn how to make effective forecasts in real time.
Paxtradings: Regulations on cryptocurrencies and ICOs are big news these days. Are you planning to be regulated by any specific entities? How does FTEC plan on supporting traders from countries with strict regulations on crypto trading?
FTEC: For now algo trading is not regulated but we are flexible and we have powerful lawyers who will always help us to be up to date with all changes.
Paxtradings: As a non-FTEC question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?
Big regulations for ICOs are coming. As in all markets in our life, the ICO market is oversaturated. Very soon, only powerful and demanded projects will stay on the market since people who are making such projects will understand that it is not “easy money.”
Regarding cryptocurrency in general, regulations will help to reduce volatility of the cryptocurrencies and finally it will be possible to use it in our daily life.
The Pre-ICO began on April 24, 2018 and ended on May 22, 2018. The main ICO will begin on June 20, 2018 and will end on July 18, 2018. There are a total of 700,660.000 FTEC tokens (FTEC) available during the ICO, representing 70% of the total FTEC supply. A hard cap of 26,500 ETH is set for this period.
1 ETH = 35,270 FTEC token
Current accepted currencies for FTEC is ETH only.
FTEC is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the FTEC tokens.
There are a total of 998,400,000 FTEC tokens being created, with 700,660.000 available during main ICO.
Contributors will have their tokens distributed shortly after the end of the ICO. Visit the FTEC website for more information and the contribution address.
How To Participate
FTEC describes all the steps necessary in this detailed pdf: https://ftec.io/en/how-to-participate
United States and China are prohibited.
Use of ICO Proceeds
View the FTEC website here.