Ana Sullivan

Banca (BANCA Token) Releases the Alpha Version of CoinAI

by Ana Sullivan May 29, 2018

Banca (BANCA token) is a decentralized community-based cryptocurrency platform which allows users to invest in BANCA tokens. The tokens can then be used within the platform and the community to exchange various kinds of services. The latest news surrounding the platform is the release of the alpha version of CoinAI seed application which is scheduled for May 31.

More about CoinAI

Apparently, the team has successfully developed CoinAI which is described as a seed application that provides quantitative analysis forecasts for digital tokens. The latter will be available through the Secondary Market Division. One of the core features of CoinAI is to allow users to conduct in-depth analysis of digital tokens and compare inherent risks, and to obtain the forecast models for future trends based on AI and big data smart beta market timing models, the whitepaper says.

More about the Banca Platform

As for the technical implementation of the Banca platform – it is based on three main components: blockchain technology, artificial intelligence and big data processing.

According to Banca’s announcement on BitcoinTalk, the team has accumulated more than 10 years in big data analysis, which is set to become a crucial building block of Banca community service. In other words, the team consists of "top-tier investment experts from Wall Street and world-class technology and AI talents from Silicon Valley", Banca’s official website endorses.

"With those technologies, the community will be more accurate in recommending relevant service providers for clients, provide more useful data and information for a specific client and connect fund raising projects with potential investors more efficiently. If the team can further improve Banca's functions and keep the community services abreast with the most updated technologies in AI, the aforementioned procedures will continually evolve. Banca shall run as an eco-system by itself."

In addition, the Banca platform has a concise and sophisticated blockchain-based smart contracts, which provide pre-edited digital language record terms, the whitepaper explains. Simply explained, smart contracts are intelligent contracts that record specific terms in computer languages rather than in legal languages.

BANCA Token Performance

 

The market capitalization of the BANCA token is $46,926,207 USD. The circulating supply of the token is 11,698,970,018 BANCA, with a total supply of 20,000,000,000 BANCA. Currently, a single BANCA token can be purchased for $0.004011 USD on cryptocurrency exchanges such as Hit BTC and IDEX.The token has been trading 9.95% higher than the USD. The current value is lower than the all-time-high of $0.005 USG registered on April 29, 2018.

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