SingularityDAO, an organisation creating top-tier trading tools for everyday people, has announced the official launch of its cryptocurrency trading tool ‘DynaSets’. The launch follows an extremely successful beta period, which saw its Bitcoin and Ethereum products ultimately generate growth in holdings of the underlying assets by 61% and 111% respectively.
What are DynaSets?
DynaSets are baskets of cryptocurrency tokens dynamically managed using advanced data-science based signals, indicators and in-house artificial intelligence (AI), that can monitor market sentiment, economic events, politics and other influencing factors to execute trades.
The official launch of DynBTC and DynETH will be accompanied by a new DynaSet entering open-beta testing. The ‘Leveraged DynaSet’, dynDYDX, will deposit users’ funds on the dYdX exchange, borrowing money from the broker to trade with. Along with the DynaSets launch, SingularityDAO will be launching new branding and an improved user interface.
What were the executive’s thoughts on DynaSets?
Marcello Mari, CEO of SingularityDAO, said: “This is an exciting period for both SingularityDAO and the crypto community. DynBTC and DynETH have gone through multiple rounds of rigorous testing and we’re confident that they’re ready to be used by a wide audience.”
“The cryptocurrency market is volatile and difficult for participants to navigate. They need tools to assist their decision making, but reliable portfolio management tools are only accessible to the wealthy and institutions. DynBTC and DynETH have proven successful and our new Leveraged DynaSet is the next step in our mission,” Mari further commented.
Users will have to contribute to all three DynaSets before they start trading. The contribution window opened on the 11th October at 12pm UTC and closes on the 25th October at 12pm UTC. To take part, a minimum of $500 is required. Interested parties can learn more here.