Trade Cryptocurrency Like an expert with OFNOG

OFNOG is a comprehensive cryptocurrency trading signals and automation platform that makes use of Artificial Intelligence with Deep Learning. The platform will be available on both desktop version as well as a mobile application for both Android and iOS devices. Some of the OFNOG Team members have been involved in various AI, Deep Learning and Blockchain projects in some of the biggest corporations in the world. With their IT expertise, financial background and the rising market need for a smart yet simple and easy to use trading solution has positioned the platform’s offering in the sweet spot. OFNOG will be based on a whole suite of software applications, including their proprietary applications, which will be instrumental in devising profitable trading strategies for users. The strategies will be devised using the constant stream of market data provided by OFNOG bots and user input/preference.

The OFNOG bots monitor the market trends and trading patterns on various exchanges and trading platforms for multiple cryptocurrency and crypto-fiat pairs. With the use of specialized tools, the platform will analyze the data and identify suitable entry opportunities to place orders for better prof it margins. The platform has dedicated strategies designed to enable short span trades in the range of few minutes to potentially achieve smaller profit margins. In addition, the platform will also include other trading strategies to suit the requirements of different traders.

The system consciously incorporates a simple user interface to further simplify the whole trading experience. Whenever the tracking solution aka market monitor solution identify a trading pattern that signifies a profitable opportunity, it pushes the signal to the users over the OFNOG platform on their computer or smart phone. The signal will include vital information of the trading opportunity including but not limited to the asset price, quality, volume, charts etc. The recipient can refer to these signals and if they wish to make use of the opportunity, can enter the amount to be invested and the desired profit margin (the margin should be in the range stated by the signal) within the same application.

After receiving the user input, the trading automation bot kicks in and starts placing orders on supported exchange’s over the connection established through APIs. The bot will continue tracking the order until its execution. If, by any chance the market doesn't act favorably, the bot will initiate a stop loss function to prevent losses for the user.

__________TECHNOLOGY__________

The OFNOG platform will be a combination of existing technologies and proprietary
software to support the highest levels of accuracy when it comes to collecting various real-time data points from the cryptocurrency industry and communicate the signals to users. The platform’s forecasting model will collect and analyze data from multiple market

indicators like Exponential Moving Average (EMA), Bollinger Bands (BB), Moving
Average Convergence/Divergence (MAC/D), Relative Strength Index (RSI) and Ultimate Oscillators to offer a complete picture of the market forces, helping the user devise their own trading strategy.

OFNOG is envisioned to become the one application to manage and trade one’s entire cryptocurrency portfolio and gain attractive return on investments on them.

The OFNOG platform is built over Ethereum protocol and powered by native ERC20 compliant OFNOG tokens. These tokens will serve as a primary mode of payment on the platform, which will also support other crypto and possibly fiat payments. The platform also incorporates a staking mechanism that allows users to hold on to the tokens to gain free platform access.

In order to ensure transparency in operations, all trade executions are stored on the blockchain. Users can refer to them at any point of time.

The platform will be distributing the OFNOG tokens through a crowdsale where interested traders, crypto enthusiasts and the general public can purchase them.

__________OFNOG TOKEN__________

OFNOG token is a utility token native to the OFNOG cryptocurrency trading signals and automation platform. These tokens form a medium of value exchange on the platform and also as a tradable crypto-asset over exchanges and trading platforms. The OFNOG token is a ERC20 token created over Ethereum blockchain. The maximum cap for OFNOG token will be set at 500,000,000, to be distributed across multiple crowdsale stages. A portion of the tokens will be set aside to cover development, operations and marketing purposes. The stakeholders will receive a small portion of the tokens, with an effective lock-out period of 1 year.

__________TOKEN SALE__________

The OFNOG platform will soon commence the distribution of its OFNOG tokens through a token sale campaign. The campaign is set to go live on April 15, 2018 in five distinct phases with different discount slabs. Participants in the token sale can purchase OFNOG against ETH payment. The OFNOG token sale phase along with respective discounts is presented in the below table.

The token sale campaign begins with the launch of its Pre-ICO where participants can avail a huge initial discount of 50%. Following the conclusion of the Pre-ICO, the first phase of main token sale will begin on May 15, 2018 and go on till the month end. During the first phase, the discounts are in turn up to 35%. The remaining three fortnight-long ICO phases will commence on June 1, June 15 and July 1st with a discount offering of 25%, 15% and 10% respectively.

__________TOKEN DISTRIBUTION__________

Out of the total 500,000,000 OFNOG tokens, the platform will be making 50% (250,000,000 OFNOG) of them available to the crowdsale participants. Another 125,000,000 tokens, which makes up 25% of the total tokens will be assigned for bonus and discount campaigns while the rest – 125,000,000 (25%) will be used for bounty promotions and as stakeholder’s share. The founders/stakeholders’ share of tokens will be subject to a 1-year vesting period and a 6-month long cliff. Meaning, the team members can access their portion of the tokens only 6 months after the completion of token sale.



The overall funds raised during the crowd sale will be used for the platform development. The OFNOG team will be allocating a major chunk – 50% of total contributions for that purpose. The remaining funds will be used to bear the operations cost (15%), legal costs (10%), marketing campaigns (20%) and to bolster the security of the platform (5%).

__________ROADMAP__________

OFNOG already has a rough roadmap outlined to kick-off the platform development process. The rough overview of the overall roadmap is given below. The team will be releasing a more detailed milestone-based roadmap soon

__________CONCLUSION__________

The predictive algorithms on OFNOG is expected to be far more superior than other

projects mainly due to the use of advanced technology and their expertise in the field. The platform, with highly reliable trade signals and room for automation of trades is set to provide an equal opportunity, a levelled playing field irrespective of one’s experience or the volumes of trades executed per day. The OFNOG platform, once implemented will drive more people into the crypto-community, as they start feeling less apprehensive about the complexities of handling cryptocurrency.

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Author : Kelampok ijo

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