September 30-th held an Ask Me Anything session at ICO Speaks telegram chat. From the OneButton side there was:
💻 Max CEO @maxyamp
I’m Max, CEO of the One Button Trading. Together with me is Roman – our CMO
💻 Roman CMO @realizerom
My name is Roman, I am Head of Marketing.
Some words about my background. Before I started to work with OB on a full time basis, I worked as a marketing strategist and created marketing tactics/strategies for dozens of companies, some of them have a turnover of millions per year, like Dynamic Language, Avalon, INATBA, etc.
Earlier I worked as Head of Marketing in Ubix network, a company with almost 20 mln $ market cap.
Ready to reply to your marketing-related questions!
💻 Stoyan Head of development @Stoyan_OB
‘m Stoyan – Head of Development
Let’s get started!
Q: What does your project do?
A: We help crypto investors to grow their portfolio with easy-to-use AI (Artificial Intelligence) / ML (Machine Learning) trading technology.
Q: How exactly do you do that?
A: We have an online app One Button Trader (https://www.onebutton.trade/) There our users can use AI/ML automated trading tools for profitable trading on their favorite crypto centralized exchanges (Binance, Kraken, etc.).
The AI/ML trading tools are extremely easy to use and take one click to set up. It is more like a long-term investment solution that doesn’t require any day-to-day supervision.
For whom is OB Trader?
OB Trader aims to solve 2 problems:
1. The complexity of crypto investing
2. Low returns of existing trading platforms or while holding cryptocurrencies
OB Trader was made for people who:
– Want to invest in cryptocurrencies
– Tired of holding
– Tired of managing their coins and trades manually
– Don’t have a lot of time to test/experiment with different strategies and tools
– Looking for a simple yet effective solution to do the coin management for them
Q: What’s the purpose of One Button (OB) Trader?
A: The primary goal of OB Trader is to deliver better performance to our investors than the market (when markets go up) and to minimize losses when markets go down. It’s the ultimate investment tool.
As for the initial validation:
OB Trader has been live since November 2020 and has brought significant value to its investors.
The primary target of OB Trader AI is to outperform the underlying market – provide better returns than simply holding cryptocurrencies.
After gathering seven months of data from 8 AI strategies, 4 of them outperformed the market on average*.
Top-4 AIs had a +1.13-7.91% dominance over the market performance on average per month.
*data gathered from AI active for longer than three months
Given the broad scope of opportunities to advance the existing AI, we can further say that these indicators can be improved.
And by that we mean, if the BTC gave +10% monthly gain, or AI would gain +1.13-7.91% on top of that
Q: Why did you create OB Trader?
A: For a long time, AI/ML trading tools were only available to institutional investors and big whales on the market. With this technology becoming more accessible, we wanted to implement a simple online app that will allow even a regular crypto investor to get access to such tools. You don’t need to be an institutional investor to make profits on the market.
I agree, it is everybody’s dream to build the trading AI that will make you rich for a few generations ahead and secretly use it to generate wealth.
But we realized that we currently simply don’t have enough data, power, and resources to understand the full potential of OB Trader bots. Without the data, it isn’t easy to define the best-performing bot types and market pairs. And, of course, all investment comes with risk. Without enough data about the performance, it won’t be very smart to sell all your assets and invest them into the trading AI.
That’s why the core goal right now for OB Trader is to gather more data about the best combinations of market pairs and bot types. This data is also publicly available for everyone to see on our stats page https://app.onebutton.trade/stats.
Another reason for making it public is that we love creating great and easy-to-use web applications. We are incredibly proud of the UX of our OB Trader dashboard.
And lastly, we want to make it transparent. One of the core values of OB Trading is transparency, and it also reflects in the way we build our products. We feel like there is great potential in sharing your ideas with the public, which can lead to something extraordinary.
To summarize, OB Trader is an innovative trading AI tool, that lets people easily create trading AI on their favorite exchanges with one click of a button.
AI-driven trading can give an edge on specific markets and improve ROI in cryptocurrencies. However, it’s still too early to say which types of AI work best under which markets.
Here are the main pros and cons of using OB Trader.
Pros
– Easy to create an AI — only need to select the type of AI and the market
– Good performance during slowly moving markets
– Available stop-loss in case of market crashes
– Transparent statistics — publicly available data about the AI and their performance
Cons
– Not sufficient trading data about market pairs and AI types. Difficult to say what works best
– Can only trade in 1/4-hour intervals
Q: How does OB Trader work?
A: In order to use it you just need to have an account on a crypto exchange (e.g. Binance).
One Button Trader is for everyone. Our main goal is to simplify the investment process and get to the “one button” experience
1. To start you need to:
2. Connect a centralized cryptocurrency exchange (Binance/Kraken)
3. Choose one of our AI trading strategies
4. Choose a market pair (you can see a list of recommended market pairs)
5. Set a position size for AI to trade with (we currently use USDT, BUSD and EUR based markets)
You are done (of course then you can monitor the performance of the AI)
Q: What’s upcoming next?
A: We have a lot of great features already implemented, such as 24/7 automated trading AI, limit orders, stop-loss, public statistics, Binance, Kraken, Coinbase integrations.
But even more upcoming, such as:
– Futures trading AI – AI that can trade with leverage with longs and shorts
– Portfolio management AI – AI that will trade on multiple markets at the same time and take advantage of the price difference between them
– Tokenization of the system – the tokenization of the system is a natural next step for our product in order to enhance transparency and allow our users to use their $OB coins on the platform as a “fuel” and also allow them to earn $OB coin. You can learn more about it on our token page → https://www.onebutton.trade/token
– AI trading marketplace – allow talented individuals/collectives to publish battle-tested AI strategies on the platform so that other users can make use of them.
Q: What’s the technology behind OB Trader?
A: The backbone of our technology is AI and Machine Learning.
But there is much confusion behind the terminology of AI in the trading and crypto space. Some online platforms use the word AI when they talk about smart recommendations. You see the words “recommended strategy,” “suggested position size” — the so-called “AI” just creates a personalized experience for existing features and trading strategies. But it’s not the actual trading AI.
There is very little where AI is used as an underlying mechanism for trading (executing trades and placing orders). Instead, most trading bots use technical indicators (like Moving Averages, Bollinger Bands) and their different combinations to make a trading strategy. But all these strategies are based on math functions and formulas — not something you can reasonably call an AI.
OB Trader is the first public automated trading tool that uses only AI for decision-making.
OB Trader is an AI that actually trades for you.
Our trading AI is trained using the concept of Neural Networks and Evolutionary Strategies.
Neural networks (currently) are a form of narrow AI, which means that it’s able to learn as specific tasks designed by a human. In theory, any system of non-linear (differentiable) functions could be a neural network, although generally, they adjust scalars, vectors, and tensors as parameters, in order to fulfill the task.
OB Trader AI performs market scans — retrieving new market data — every 1 and 4 hours with the new candlestick on the chosen market pair. Based on the latest data and detected price patterns, AI defines if it’s a BUY, SELL, or HOLD.
After that, AI calculates the confidence threshold — range from 0–100, which includes factors like the amount of risk and the expected change in the market. Then the AI uses the confidence threshold value to define the amount to buy or sell.
Feel free to join our Telegram community and take a look at our whitepaper in pinned messages. https://t.me/onebuttontrade
Q: Why are you doing your own token?
A: $OB token will allow much more seamless integration of the services and offers a substantial amount of utility to the token holders and One Button Trader users.
The primary use case of OB token is on the One Button Trader online platform itself. Many of the existing product features will be closely tied to the token usage creating a clockwork-like token-driven product ecosystem.
We aim to use the token as:
– “Fuel” for our AI which will remove the need for FIAT-based subscription models. It will allow us to charge a small amount of token for each trade the AI takes (similar to a cryptocurrency exchange)
– Reward for our users when they refer new users to the platform
– Reward for AI developers that publish new AI strategies on the platform
– Discount on bot “gas” fees in based on the tokens that the user holds
For example, after a user launches the AI, the OB Trader system will charge a dynamic fee for each trade made by AI. The fee will be taken from the existing OB token balance based on the trade volume. The system will automatically calculate the appropriate amount of fees to be taken using the up-to-date price of the OB token and the traded asset.
Q: Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
A: I think these are:
1. Fully automated trading based on AI/ML. Nobody on the market currently can deliver that One Button experience
2. Transparent stats – you can watch your bots and bots of other users on the platform trade live and see the statistics for yourself
Q: Is this platform suitable for Crypto beginners?Or does it only appeal to professional users?
A: One Button Trader is for everyone. Our main goal is to simplify the trading process and get to the “one button” experience (we actually use that term internally within the team haha).
What you need to do in order to start trading is:
– Connect a centralized cryptocurrency exchange
– Choose one of our AI bots
– Choose a market (we actually suggest the most suitable for each AI bot)
– Set a balance you want the bot to trade with (we currently use USDT, BUSD and EUR based markets)
– You are done ✅🚀 (of course then you can monitor the performance of the bot)
Q: What plans do you have for your project to increase your project awareness and adoption?
A: Our marketing strategy is ready, we tried to consider all marketing tactics possible and determined the most effective ones. We involved various consultants with extensive experience to get the best strategy possible.
Actually, it’s already working. We are having thousands of visits per month, +500% from the last month if to say about registrations, +190% from the last month if to say about active users, +3840% from the last month if to say about our gross volume.
Yes, our Ambassador program is still open right now – https://forms.gle/1LxGKy1DNvrJUMfz5, we have already received 500+ applications so far.
Don’t forget to join our Telegram group – https://t.me/onebuttontrade to follow our success further/be part of it!
Q: Bear market will not be easy for a new project to survive. We have seen so many projects failed to survive in the bear market, Have you thought about this? What are the plans on surviving on bear market?
A: Our trading AI actually thrives in the bear markets. For example, read the following article where we describe a detailed case study of one of our AIs saving investor from a huge loss https://medium.com/onebuttontrade/how-ai-trading-bots-protect-our-investors-crypto-portfolio-during-bear-markets-performer-case-d1ec981b2f47
Q: Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
A: We talk about it in detail about it on our token page -> https://www.onebutton.trade/token and of course in our Telegram community
Q:What is total supply of your project? Where we can buy it? Are your plans to focus on market or to grow community?
A: Our total supply is 10 000 000. Please check this page – https://www.onebutton.trade/token or our Telegram group – https://t.me/onebuttontrade to get additional info.
Our IDO will start in a week (7th of October) on Lithium launchpad.
Both directions actually, but strong community is a key focus for us right now.
Q:What is One_Button_trader competitive advantage on the market over similar projects?
A: In fact, there is very little where AI is used as an underlying mechanism for trading (executing trades and placing orders). Most trading solutions use technical indicators (like Moving Averages, Bollinger Bands, etc.) and their different combinations to make a trading strategy. But all these strategies are based on mathematics and formulas — not something you can call an AI.
OB Trader is the first public automated trading tool that uses only AI for decision-making. OB Trader is an AI that actually trades for you.
ICOSpeaks hosted an AMA Session with the OneButton Team. That’s all for today.
Thanks to all users who participated.
Thanks, OneButton for being with us
Thanks, all and see you soon😉
Cheers 🥂
Wanna know more?
Take a look at our other ama sessions
