This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Following a successful pilot between Algowave and Endor(EDR), which generated cryptocurrency coin predictions at a reported success rate of over 80% by utilizing the Social Physics theory invented in MIT, the companies have decided to enter a 24-month collaboration.
You can get the Algowave app here: http://bit.ly/2BJeXzg. This article or app is not financial advice. The app, for examples, predicts that certain coins in the next 1–2 weeks, will go up or down in volume by 25%. Reportedly, this is one of the abilities shown to have over 80% correct rate. If you’re wondering why the company doesn’t use this information only for themselves: there are likely still other factors at play in creating a well-performing fund. The above data, however, may prove very useful.
Endor also has its own coin, EDR, on Bittrex. Endor Software Ltd was co-founded by Social Physics MIT professors.
Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.
Others are looking to integrate Algowave and Endor EDR into their platforms.
For example, since CoTrader.com can prove funds’ performance using blockchain, it is working to get Algowave powered funds on mainnet.cotrader.com, which also provides more passive investor convenience to enter managed funds. CoTrader’s token (COT) will be in exchanges this month. It brands itself the world’s first blockchain powered investment funds platform that proves past ROI, enforces transparent fees, and assures that investors can withdraw their funds, and at anytime. CoTrader empowers anyone to join a crypto fund, and anyone to start one. The best fund managers can enjoy internet-scaled leverage to multiply their performance gains. Ultimately, CoTrader hopes to democratize the $85 trillion global funds industry, projected to grow to $145 trillion by 2025, and sees Algowave and Endor as great examples of the diversity and power of fund manager tools enriching its platform.
Endor’s team is quite impressive: https://endor.com/team
It’s headed by MIT prof Alex Pentland, who’s a leader in MIT’s Social Physics research:
Prof Pentland’s notable background:
- Member of the U.S. National Academy of Engineering
- Leader at the World Economic Forum
- Director of the MIT Media Lab Entrepreneurship Program
- Winner of the DARPA Network Challenge
- A founding member of advisory boards for Google, AT&T, Nissan, and the UN Secretary-General
- His most recent books are “Social Physics”, and “Honest Signals”
Its advisors include cryptographer Stuart Haber https://www.linkedin.com/in/stuart-haber/
Haber is said to have invented the “first blockchain” in 1995, 13 years before Bitcoin (and was even cited by Satoshi himself):
Prof Alexander Liptop, fellow at MIT, is a partner at Numerai, has headed quantitative departments in Bank of America and Merill Lynch: https://www.linkedin.com/in/alexander-lipton-aa2256bb/. He’s published in Scientific American.
What might Liptop’s market value be, given his background and accomplishments? We’ve heard estimates in millions of dollars in salary alone, nevermind bonuses. What kinds of projects would these kinds of MIT professors and fellows, leaders of industry, be willing to take part in, given their esteemed reputations? Do you think they’d likely put themselves on the line only if they believe in the technology and team, in a project that might be groundbreaking?
Social Physics is reminiscent of Isaac Asimov’s Psycho-History, in “The Foundation Series”. It’s an algorithmic science to predict the future given history, big data, and deep learning, that would make Hari Seldon proud.
Let us know what you think after trying it for yourselves here: http://bit.ly/2BJeXzg.