Cindicator AI Firm Launch New Crypto Fund Not Based On Blockchain

Cindicator Capital is a new crypto hedge fund product being launched by the hybrid intelligence company, Cindicator. The new product is going to help to provide access to investment strategies through hybrid intelligence data.

Hybrid Intelligence

In a press release published earlier this week, the firm said that this move for a new crypto fund provides access to investment strategies which will be executed on hybrid intelligence data as well as quantitative research. This would include information from forecasts and decentralised analysts. 

Mike Brusov, the co-founder and CEO of Cindicator has said:

“The Cindicator ecosystem is entering the next level of its development, preparing to start the onboarding of external capital from a fund of funds, family offices, VC funds, institutional investors and high-net-worth individuals. The combination of the collective human mind and machine intelligence provides a unique and sustainable data source for seeking alpha.”

Half a million dollars was pumped into the fund’s strategies which are set to see growth for an increase that amount to $2.5 million over the next few months. As the fund makes more revenue, it is believed that it will be used to “reward analysts for correct forecasts in proportion to their intellectual efforts and the quality of indicators based on their predictions.”

It will be interesting to see how this situation plays out. Over the course of this year, the firm has released the ‘Edge’ web app which could track and receive over a hundred cryptocurrencies. Back in August, the CND token was announced by Cindicator and even saw a listing on the Kyber Network. For more news on this and other crypto updates, keep it with CryptoDaily!