yPredict, an AI-based analysis platform, has raised almost $500,000 in its presale, which has now entered its fourth stage out of eight. This puts the project on track to meet its hard cap target of $6,507,511, with its soft cap having already been met.
yPredict is an ecosystem centered around the use of artificial intelligence and machine learning for trading more intelligently and successfully. The platform has already launched its AI-powered trading algorithm in beta form, and in the coming months, it will expand to offer a range of AI-based prediction tools, as well as a marketplace through which developers of forecasting and analytical tools can connect with traders.
The platform uses the native YPRED token, which runs on the layer-two network Polygon. This token has several functions and uses within yPredict’s platform, including paying for predictive model subscriptions, gaining access to the platform’s analytics, and staking, which can earn holders a significant yield.
Token Offering and Tokenomics
Investors can join the token offering by going to yPredict’s website, where they can connect their software wallets and use ETH, USDT, MATIC, BNB or their credit cards to purchase YPRED. At the moment, 1 YPRED costs $0.05, although this will rise to $0.07 when the fifth stage begins, after the sale raises another $500,000.
The YPRED presale has been allocated 80% of the coin’s maximum total supply of 100 billion, with 10% earmarked for liquidity, 5% for development, and 5% for yPredict’s team. This makes the altcoin a decentralized token, which is less likely to be ‘dumped’ by founding team members upon initial exchange listings.
yPredict plans to secure its first listings on centralized exchanges by the end of June, which is when the presale will end. Looking at the longer term, it aims to have the full public launch of its platform by the end of the year, with beta launches of various features coming in the previous months.
The coin will witness steady price appreciation once the platform’s mainnet goes live. The coin will also be helped by the partnerships yPredict is planning to agree with various other entities within the cryptocurrency sector, all of which will help to raise the platform’s profile and drive demand for YPRED. Another use for YPRED is that it will provide holders with the ability to participate in the governance of yPredict’s DAO, which will vote on whether predictive/analytical models submitted by developers will be included in the platform’s marketplace.