What is Cindicator (CND)? A beginner’s guide in 360 words.


CryptoMarket360 has your 360-word summary on everything cryptocurrency.

At first glance, the opening video on Cindicator’s main website looks like the preview to a Michael Bay rendition of the Terminator. Like any good Michael Bay preview, this captured my attention.

Cindicator’s strength lies in its collective intelligence, a theory predicted by Aristotle that the intelligence of a group is more accurate than that of the individual.

The team behind Cindicator consists of 11 members, many of which have a strong background. Mike Brusov is the CEO/Co-Founder and the CTO and COO were formerly the CEO and COO of Octobrain, a research and development group focused on AI and virtual reality. In addition to this, the project has Charlie Shrem, the founder of the Bitcoin Foundation, as an advisor. They went through a startup accelerator in their earliest stages and have since received grants from both Microsoft BizSpark and a VC fund.

Cindicator works by asking its users to forecast specific questions, such as “What do you predict the price of BTC will be at the start of 2018?”

The answers are then aggregated and averaged to find out the general body of consensus and when the forecasts catch up, you are rated on your accuracy. Users are rewarded with CND tokens for answering questions and the top 2% of forecasters receive prizes in the form of Bitcoin. AI supplements and sharpens the predictions and then the synthesized information is sold as analytics to asset managers and users alike looking to utilize such information.

The larger the network, the more accurate the forecasting.

The Cindicator app has over 10,000 users who answer questions about the financial and cypto markets. The platform incentivizes honest forecasters by rewarding you for accurate predictions. The more tokens you hold, the more access to Cindicator’s analytics that you are granted.

My concerns are that Cindicator is targeting the traditional and crypto market at the same time. There are also a number of competitors, such as Numerai, Enigma, and other data providers like Coindash and Santiment.

As a holder, I see this as an intriguing short and long-run investment. Cindicator has a robust team of developers, a strong concept, a working app and software, a private backing, and solid press coverage.

How can you buy CND?

You first need to buy Bitcoin or Ethereum on Coinbase and then transfer it over to your account at Binance to exchange it for CND. If you get stuck or need help, send us a message through our Facebook page or email and someone on staff will walk you through the process.