As featured on Yahoo Finance.
SINGAPORE, June 13, 2018 /PRNewswire/ — Spiking, the world’s first blockchain asset validation and AI-driven crypto trading infrastructure, has signed a Memorandum of Understanding with Nebulas to develop its core search technologies. Founder and CEO of Nebulas, Hitters Xu, will also take on an advisory role on Spiking.
Nebulas is a decentralised platform which provides a search framework for all blockchains. In itself, Nebulas is a next-generation public blockchain which aims for a continuously improving ecosystem via its blockchain valuation mechanism.
The Spiking platform allows traders to find Whales (i.e. key executives of large companies behind cryptocurrency tokens, mining pools and/or large holders) and follow their cryptocurrency trades1. Powered by state-of-the-art tools where followers meet Whales in a completely transparent environment, it will be built on a modern technology stack with fully audited security standards. The Spiking platform intends to do this by using smart contracts on the blockchain, allowing users to mirror the trading activity of any Whale and control their own segregated trading accounts directly.
With this partnership, Spiking can develop its proprietary search algorithm on Nebulas core technologies to allow for whales and customers to locate critical information on multiple blockchains. This information in turn serves the function of predicting cryptocurrencies price movements.
“Nebulas brings a game-changing element to the methodology in which Spiking searches and processes information from the blockchain,” said Dr. Clemen Chiang, CEO of Spiking. “This increases our value-add greatly to the trading ecosystem of the mega cryptocurrency market.”
Nebulas Force (NF) provides the Nebulas blockchain and apps built on it with the capability to self-evolve seamlessly. NF will, therefore, allow Spiking’s search framework to continuously improve and be developed upon without a need to fork. This places control of project development more firmly in the hands of Spiking.
“Spiking has a great use case for the Nebulas blockchain and will bring about market disruption in the way information can be harvested from other blockchains to provide financial signals,” said Hitters Xu. Hitters Xu is also a founder of AntShares (NEO), a blockchain pioneer in China.
Nebulas works on the Developer Incentive Protocol (DIP), which encourages and rewards developers of smart contracts and DApps on the Nebulas Platform. Spiking will partner with Nebulas to contribute positively to the ecosystem with the use of DIP, by bringing on more developers and incentivising their work.
The Spiking app has support from Quest Ventures and National Research Foundation, Singapore Prime Minister’s Office, under the Interactive & Digital Media Strategic Research Programme’s i.JAM Reload initiative. In October 2016, Spiking was awarded a gold at the SiTF Awards 2016, for Best Innovative Start-up (Early Stage), by the Singapore Infocomm Technology Federation.
1 Subject to relevant laws, regulations and licenses, where necessary
by John Foo, Supply Chain Associate
Drawing from its successful and rich experience in the stock market since 2016, Spiking is expanding to cryptocurrency trading! With its unique and powerful trading tool and its AI robot Robobull, Spiking enables traders to easily find whales and mirror the trades automatically. At Spiking, we strive to help traders make better decisions and take the steps toward fulfilling their dreams of achieving financial freedom. Check out Spiking App, Top Grossing Finance App at App Store & Google Play.
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