The increased rate of using cryptocurrency as a trading tool propelled the need for an efficient trading platform. Most of the existing services have complex interface that might be difficult for inexperienced trader to navigate. Although all trading platforms are designed to provide access to price and volume data, the user is still very much responsible for the fundamental and technical analysis. News about cryptocurrency on crypto-communities and social networks are very important as it plays a major role in crypto analysis. Most exchanges lack this feature on their platform which make traders go extra length to do research before taking any decision. This demands for an average of one to two hours of a trader's time which if automated can be used to cater for other things. Also on these platforms, it is not possible for users to set take-profits and stop-losses at the same time. All that matter to traders is profit, they like to consider not only the technical data but other factors that will shelve discomfort, inconvenience and time consumption.
Following the myriad of challenges traders face in existing platforms, a group of crypto experts developed FTEC. Ftec is an all inclusive trading ecosystem which consist of different services that will increase sale efficiency and improve trading activities. Ftec incorporates neural networks, bots and other smart services into an advanced trading platform to provide a simple yet efficient trading solution for all level of users. There has been an existing project (coinbot.club) which has been successful in the past. This boosted the confidence of the team to design Ftec for a greater user experience.
For smart and effective trading , a number of effective modules have been put in place to automate trading and maximize profit for a trader. First, Ftec will provide beginners with a training module that will help them with the knowledge of each cryptomarket called cryptoacademy. This is like a training ground where newbies will make use of virtual money and situations to make predictions thereby gaining more experience. At Ftec, there is global price analyzer that collects price of both previous and present orders from different exchanges to find the most profitable offer for users. This is reliable and also save time as it provide the current situation of market according to the user's choice of exchanges, price range, time frame, order and most especially the desired coin.
Furthermore, in exchange order management module of this platform, take-profits and stop-losses can be set simultaneously, level of support and resistance are determined automatically together with closing and opening of orders based on the user's set parameters. All these ensure profit are maximized by any trader. In addition, Ftec will help experienced trader set take-profit and stop-loss by recommending limit for each level and newbie can take to the automatic mode. For each of these modes, notifications in form of pop-up or SMS will surface at the set level. For efficient service delivery, Ftec mobile and desktop app is developed aside the web version.
With neural networks, news background are analyzed and recommendations are given to trader. To save time for data analysis, Ftec social assistant analyzer will efficiently process crypto information from social networks. The analyzer filter and select messages that are relevant from the list of user-defined keywords which help traders with market prediction. Trading recommendation service of this platform ensure traders monetize their trading knowledge from published content, newbies also gain experience from there.
The native currency of Ftec platform is Ftec token which is used for the payment of all services within the platform. Early supporters get discount for using the platform modules. Token sale begins from 20th June to18th July, 2018 for about 27 days. At token sale stage 700,660,000 tokens are available for sale and all unissued tokens will be burned.
Token Economics:
The team is led by Ihor Torshyn (CEO), we have Stanislav Ochkur as the business developer, Luis Felicio (CTO), Roscislav Gorbachov (Head Trader) with other analysts and advisors.
In conclusion, the intent of Ftec is to create an ecosystem that comes with different trading tools needed to automate all routine processes, reduce time wastage and help diversify risks to maximize profit for all users.
To find out more about this project, here are some related links:
Website, Whitepaper, Telegram, Facebook, Twitter, Bitcointalk ANN thread
Writer's bitcointalk username: Anike01
Writer's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1565368
