Can the MeterQubes ICO Innovate the Decentralized Trading World?
Although the industry did not manage to perform as it did in 2017-2018, ICOs had managed to raise substantial funding during the first half of 2019. The latest statistics show that around $2 billion had been raised by blockchain-based startups, as investors felt more confident once most of the cryptocurrencies recovered this year.
As long as the market sentiment will not deteriorate meaningfully, new companies wanting to raise funding via ICOs might benefit during the second half of the year. Activity in the crypto space continues to be diverse. People are willing to trade with Atecs Capital and other trading platforms, invest in crypto-related futures, and explore the benefit of using derivatives into this market.
MeterQubes ICO pending in the fall
After an encouraging first half of the year, activity in the ICO industry could bring new innovative blockchain ideas. It may be the case with the MeterQubes ICO which is due on September 8th.
Conducted on Coinsbit, the project aims for a $4 million soft cap and an $8.75 hard cap. Based in The Netherlands, it is an ERC-20 compliant project, wanting to develop an improved trading solution in the form of an AI-powered decentralized exchange.
MeterQubes want to further promote the idea of algorithmic trading into the crypto sphere, as more institutional investments are pouring into the industry. Designed for both beginners and active traders, it will be a peer-to-peer decentralized trading platform optimized with Artificial Intelligence and Machine Learning.
Predictive algorithms, trading bots, algorithmic trading, sentiment analysis scores, graphs and plenty of other features will be integrated into the MeterQubes exchange. Token-to-token swaps will also be possible thanks to minimal slippage rates and a highly liquid order book.
It will be interesting to watch whether the company will manage to raise the funding required to get the project going. This is another project from the financial sector, where competition is fierce. We should acknowledge that integrating AI and Machine Learning into the trading process may be helpful, but MeterQubes must get to the level of other already-popular exchange platforms.
At the time of writing, the MeterQubes ICO enjoys high feedback, with industry websites like icomarks.com and trackico.io offering impressive ratings. The fact that the fundraising process will take place on an exchange may be another strong point, as it will get broader exposure to people interested to invest in projects like this one.