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NIO Suite’s AI Market Sentiment Insight Tool Will Stun You!

NIOnet is the third component of the NIO Suite; NIO’s multi-functioning platform made for accessible and efficient crypto trading, where novices can feel as confident in the marketplace as the pros.

The suite does this by combining a reliable decentralized exchange platform — NIOdex — with integrated AI analytic insight tools; AutoNIO and NIOnet. Where AutoNIO focuses on technical and fundamental market-data analysis, NIOnet allows users to conduct complex sentiment analysis on supported trading pairs.

And all that is easily achieved with the simple click of a button.

NIOnet And Sentiment Analysis, What Is It?

If you are new to crypto trading you may never have heard of sentiment analysis, so what is it?

Sentiment analysis, in layman’s terms, is the analyzing of emotions or reactions happening in the market which may be influencing trading decisions. Usually, it refers to computational algorithms that can decipher language and text to depict whether the sentiment or ‘public reaction’ around a specific coin pairing is positive, negative or neutral.

Example:

Let’s use a simple example; say the founder of Ethereum, Vitalik Buterin, decides he wants to leave the Ethereum network to start a new blockchain. This decision of his may start an unintentional panic across the market where traders fear that the future of the coin is now ambiguous. People are speaking about the news, they’re asking questions and influential voices are making statements. All these factors can quickly create a negative sentiment about the coin and, as a result, traders may begin to sell-off ETH quickly in the belief that the coin price is going lose its current value. Herd mentality plays a big role in crypto trading, and the fear of missing out or ‘FOMO’ can mean a big percentage of traders following a panic-driven decision to sell. Inevitably if enough people follow the trend the coin price will fall, which begs the question did it fall because initial reaction to the news was a correct preemptive measure? or did traders make it fall simply by panicking?

NIOnet’s data-driven analysis aims to remove such panic and emotion from crypto trading, allowing users to make informed decisions based off of “quantifiable metrics” and not by following a herd mentality or FOMO.

Goal’s And The Future

According to its team “NIOnet’s goal is to democratize access to trading insights”. In other words, it wants everyone of any skill level or monetary level, to have the same access to analysis tools which can maximize trading efficiency using proven AI models. Traders will no longer be confined to using poorly-constructed analytics, or be expected to fork out thousands of dollars for “reliable” ones.

The Hidden Markov Model

NIOnet uses to maximum advantage, the highly-popular Hidden Markov Model to conduct an analysis of the latest trends, trading patterns, and market sentiment. It leverages the use of this via the creation of two offerings: a Social Media Sentiment AI and Google Search Volume AI.

Let’s take a closer look at these.

Google Search Volume AI

It’s quite straight-forward really; traders using NIOnet’s Google Search Volume AI will be able to search any cryptocurrency keyword, determining whether that particular coin or keyword is currently trending and/or in demand. On the flip side, it will also tell if it is currently unpopular or out of discussion.

Google provides a huge amount of search volume data and the AI tool summarizes this and breaks it down to provide traders with a simple buy/sell suggestion. This is then integrated with the AutoNIO platform which can then execute an order based off of the data once it is given user permission. AutoNIO is already active and can be downloaded directly from the website. Upon Launch of NIOnet, the two tools will integrate straight away.

Social Media Sentiment Analysis AI

The Social Media Sentiment Analysis AI is NIO’s comprehensive study of all things social media! By analyzing Terabytes of data from Twitter, LinkedIn, and Facebook, NIOnet can gauge market sentiment levels about any supported trading pair a user wants.

This will work in tandem with AutoNIO. It will work like this: when a user goes to a specific market on AutoNIO, they will be informed of the results discovered by NIOnet on whether the desired coin pairings currently possess a positive, negative or neutral sentiment. Ensuring traders are kept updated and only receiving the latest data, this feed updates every 20 minutes. Also, the feed can be adjusted to provide real-time analysis, which is suitable for those looking for instant up-to-the-minute data analysis.

Conclusion

As stated, the NIOnet is the third component of the NIO Suite. The tool will integrate seamlessly into the AutoNIO AI platform and the NIOdex — NIO’s own decentralized cryptocurrency exchange. 

All three tools make up the NIO Suite, and this aims to provide an all-in platform where users of any ability can trade with confidence because they are trading with tools to effectively understand the market. Best of all, these tools are readily built-in and available, ensuring easy, efficient, and effective trading.

See, crypto trading is kind of like going into battle. You can go in alone and you might fare well. But why would you even want to when you could have an army with you?

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The World’s First “Smart” Decentralized Crypto Exchange

NIOdex is a decentralized exchange built by NIO. It is a blockchain exchange designed to bring users a secure and smart peer-to-peer trading system.

Built on the 0x protocol which is described as a “permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain” the NIOdex allows users to definitively trade cryptocurrency with minimal woes and minimal effort.

But what sets it apart from other exchanges? Let’s take a look!

What Makes NIOdex Exchange Different?

First, important to note, are the several issues facing many decentralized exchanges — and these issues are mainstream. Some of the most notable ones include; high latency, low volume, high network costs and low liquidity. NIOdex was created to solve these issues. But how?

It does this by using a “hybridized design” which centralizes superfluous elements associated with an exchange platform but maintains decentralization through a wallet-to-wallet exchange, which is deemed essential for security.

NIOdex will fully decentralize its offerings in the future when problems such as scalability are solved but whilst such issues remain a mainstream problem, NIO will continue it’s hybrid approach so as to ensure fluid trading for its customers.

Akin, to preempting the issues that do arise with a decentralized exchange, NIOdex aims to ease traders into the world of crypto-trading, by allowing them to test trades, learn from trades, and execute trades with security and a highly-intuitive user experience.

The Bones Of The Network

Off-Chain Order Broadcasting & Matching

Here comes the technical part! NIOdex orders will be broadcasted to and matched on NIO servers. This means an improved TPS (transactions per second) speed and, therefore, a more fluent user-experience.

This process takes the best of both worlds; the scalability of centralized exchanges and the privacy and security of decentralized ones. By storing orders off-chain, NIOdex avoids high latency issues that are a mainstream problem synonymous with completely decentralized systems.

The TPS associated with this type of complete decentralization is not strong enough and is untailored for algorithmic use — a massive necessity of the NIO Suite.

However, the network still ensures that transactions are processed without the oversight of NIO servers.

Gas Fees

Ever order something online and wish you didn’t? It happens to us all, and sometimes crypto-trading is no different.

NIOdex offers “gas-free cancellations” allowing order makers on NIOdex to go back on their order anytime (before it is filled by takers), without having to pay the price — literally.

This is another feature of its ‘off-chain’ order broadcasting. But how does it work?

An off-chain order happens off of the blockchain, meaning it doesn’t actually modify the blockchain unless it is filled. In this way, users do not incur gas fees that would otherwise be associated with on-chain orders.

The result is a high liquidity environment, made ideal for the AutoNIO tool and other high-frequency trading algorithms.

0x Integration

In order to boost liquidity on the network, the NIOdex will be launched with full 0x protocol integration. This means orders on the NIOdex network can be shared across other integrated decentralized exchanges. This will create a massive shared liquidity pool which will increase liquidity available to NIOdex users.

According to the NIO team: 

“The exchange plugs into the 0x protocol as a secondary source of liquidity and bakes in internal incentives for increased exchange usage.”

And so, essentially, anyone using the 0x protocol can take a NIOdex order and fill it.

User Experience

NIOdex offers an unrivaled user experience. Some of its impressive perks are:

  • NIOdex runs on the Ethereum network and so it will support all community-supported Ethereum tokens
  • NIOdex will be ERC-20 & 721 compatible
  • The exchange will be available to both desktop and mobile systems making it convenient for every user
  • Users will be able to use and share their trading algorithms, send crypto to friends, and broaden their coin portfolio
  • Accounts are free to register
  • As it integrates fully into the 0x protocol it grants traders immediate access to the entire Ethereum ecosystem.

NIO Suite and Integration

The NIOdex is one of three components which make up the NIO Suite. This is a multi-use platform providing users with three of the most important elements for effective crypto trading in one bundle. These areas are:

  • Technical Market Analysis; The AutoNIO tool looks after this. AutoNIO is an AI-powered robot which uses high-performing algorithms to help create effective trading trends.
  • Sentiment Analysis; The NIOnet tool conducts market sentiment analysis which aims to help trading decisions based on trends or how the market is “reacting”.
  • A reliable exchange; The NIOdex— as described — takes care of this.

AutoNIO Integration

Integration with the AutoNIO algorithm platform will happen directly upon the launch of NIOdex. Traders will be able to deploy their algorithms straight away through the exchange as well as run the AutoNIO market maker and other high-frequency trading tools.

NIOnet Integration

When NIOdex’s and NIOnet work together, users will have the ability to implement sentiment analysis on specific coin pairs through one singular and easy-to-use interface.

The creation of the NIO Suite is the creation of the world’s first “smart” decentralized exchange; pairing native AI tools within the NIOdex exchange.

Such integrations provide many immediate benefits including:

  • Understanding market conversation and reaction surrounding specific coins
  • Gauging market trends
  • Learning market analysis
  • Creating and adjusting trading strategy
  • Holistically informed trades
  • Simple, effective, logical trading decisions

A specific launch date has not been released yet for the NIOdex. Will you be signing up?

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NIO Suite | What Is It? And Why Crypto-Traders Should Know Of It!

If you are a crypto trader, you need to know about NIO Suite. Not only for its efficiency but also for the precision of its AI-powered tools.

Most cryptocurrency traders will understand that there are three primary tools they can utilize to enhance trading; a technical and fundamental market analyzer tool, a reliable exchange platform, and a market sentiment analyzer.

NIO Suite brings you all three bundled on one platform so not only does this make trading more efficient, it makes it easier!

NIO Suite: A Multi-Functional Platform For The Efficient Crypto Trader

So in other words, NIO suite is a multifunctional tool offering its users efficiency by providing the three most important components for effective crypto trading, all on one integrated platform. But it is also free to use for anyone with an internet connection, so not only efficient, it’s also affordable.

 Broken-down, the three products available in the NIO suite are:

  • AutoNIO; an automated-trading tool
  • NIOnet; a market sentiment analysis tool (also powered by AI) to help you achieve the most effective trades
  • NIOdex; the suites own decentralized exchange

Let’s look at the three components a little closer.

AutoNIO

The Autonio platform has been active since 2017 and boasts a current user-base of 3,052 — a number which is constantly growing. It can be downloaded (for free) from the Autonio website, which describes it as the “first decentralized AI trading application for cryptocurrencies”.

So, in essence, Autonio is an AI-powered trading robot.

Built on PHP, JavaScript, and Ethereum smart contacts, the ‘robot’ analyzes crypto market trends, doing so by using market indicators. It uses indicators such as the Relative Strength Index (RSI), Bollinger Bands, Ultimate Oscillator, and EMA crossovers. Using this information, Autonio analyzes the trends and creates buy/sell signals. After which, the robot executes the trade on your behalf, but of course, it asks your permission first!

Getting Started 

To get up and running users pay a low $50 monthly subscription and are issued NIO tokens. With these, they can run the “live trading system” on their computer and build and optimize personal trading algorithms. Further, high-performing algorithms can then be bought and sold at the integrated Autonio marketplace, giving users another avenue for making revenue.

The interface is easy-to-use, houses a variety of features and at the time of writing, can be used with five major exchanges: BitFinex, Kraken, Bittrex, BitStamp, and QuadragaCX.

The link below will give a more detailed explanation on how to use Autonio:

Using Autonio

NIOnet

But AutoNIO is growing, and an integration with NIOnet is on the way. NIOnet will bring sentiment analysis directly to the Autonio tool. But what is sentiment analysis? and why should you as a cryptocurrency trader consider it important?

Well, sentiment analysis is considered a valuable arsenal in a traders belt. Effectively, it involves the study of emotions and reactions happening across the market. Emotions can arguably be one of the strongest forces behind buying and selling decisions in any market. Making decisions based on the emotions of other traders, or the market as a whole isn’t always the right trading choice. Herd mentality plays a massive part in cryptomarkets, and the actions of other marketers can bring on the ‘fear of missing out’ or ‘FOMO’ as it is otherwise called.

NIOnet is the NIO Suite’s AI trading insight tool which allows users to create important sentiment analysis on supported trading pairs (of which there are dozens). This is done with the simple click of a button. These data-driven studies remove the emotion out of crypto trading, meaning users make a correct and informed decision based off of “quantifiable metrics” and not, FOMO!

Models

The tool gives its users proven AI models, such as the popular Hidden Markov Model to analyze the latest market trading patterns and sentiment. NIOnet manifests these models in two specific offerings: Social Media Sentiment AI and Google Search Volume AI.

Along with Autonio, both segments in tandem will allow NIO Suite users to make strategic and holistically-informed trading decisions on one central platform.

NIOdex

This brings us onto the last piece of the puzzle, where users will be able to move their orders onto the suites own decentralized exchange; the NIOdex. Upon launch, both NIOnet and AutoNIO will be directly integrated with NIOdex completing the NIO Suite.

The NIOdex is an efficient exchange where users can securely trade and earn cryptocurrency. It is a secure and clever, peer-to-peer system built on the 0x protocol. 

Decentralized exchanges can come with issues. Most notably: high latency, low volume, high network costs, and low liquidity. NIOdex was created to solve these problems. But how?

Well, the exchange uses a “hybridized design” approach. This means it centralizes superfluous exchange elements such as order matching but keeps the decentralization where it really matters; through the wallet-to-wallet exchange.

Conclusion

The NIO Suite has been carefully designed to put control back into the hands of its traders.

The current active component — the trading platform Autonio — aims to empower the community by providing the tools for financial independence, health, responsibility, and security. Its team wants to give the average trader everything they might need to compete effectively against the pros. But the pros are welcome too! This is a platform built “by the people, for the people and of the people” and stays very true to those values, so it offers a service where novices can feel comfortable trading assets as much as experts can. 

In other words, the NIO Suite democratizes access to cryptocurrency trading. Its decentralized nature embodies the sentiment of the blockchain model; a platform that is governed by its users and not ever controlled by one singular, self-interested party. NIO Suite users will have a say in the future development of its infrastructure, ensuring the platform remains fair and equal for all.

In the words of the team behind the NIO Suite:

“The promise of decentralization and blockchain technology is a fairer and more just future. We want to give average crypto traders the ability to compete with wall street.”

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