Saturday, 3 June 2023

Crypto News

AI Project TradeGDT soars in popularity, hits 10% of Bybit Derivatives Trading Volume in 4 Hours

AI Project TradeGDT soars in popularity, hits 10% of Bybit Derivatives Trading Volume in 4 Hours

Singapore, Singapore, May 23rd, 2023, Chainwire

Generative AI can create new content, such as images, videos, and text. With the help of deep learning algorithms like GANs (Generative Adversarial Networks), researchers are developing AI models that can generate realistic and original content. ChatGPT (Generative Pre-train Transformer) has elevated the AI trend and broadened the vision of people toward AI, the conversation with ChatGPT is as human-like as it can be.

Trading has been one of the centerpieces of the financial markets and the broader economy. Trading helps to establish the market price of an asset, security and crypto itself. Trading also creates liquidity in the market by providing a mechanism for investors to buy and sell assets quickly and easily. Therefore the demand for AI in trading has never been higher, in crypto trading where everything happens at such a lightning pace, human productivity has been the limiting factor where evidence of increasing reliance on bot has been high. The revolution will be the implementation of AI that can be a better human with less emotion and productivity of a bot.

TradeGDT (Trading Generative Data Transformer) is an upgraded version of a big data quantitative trading bot combined with AI. By combining the ChatGPT plug-in, it can communicate with users more intelligently and flexibly. Users can communicate with TradeGDT to execute orders, and even prompt users to be alert to the pairing dynamics Information, and through AI pattern learning, TradeGDT can analyze and study user data, dynamic trade model, identify the profit model belonging to the trader, and then formulate a set of trading models for automation execution, while becoming the trader’s AI smart trading assistant a better version of the trader itself.

TraderDAO team has been engaging in implementing AI in crypto trading since the start of 2022. TradeGDT has been proposed to cater for the demand of the crypto trading market. The TraderDAO team has been expanding and since gaining its team component that greatly accelerated the development of TradeGDT. With a very clear goal and commitment, TraderDAO has launched the MVP (Minimal Viable Product) to the market with close partnership to Bybit, and has hit the market with a bang which hits more than 10% ($330mil) Bybit 24 hour Trading Volume in 4 hours of their launch.

The trading…

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