Token Report Product Update, 2018 Week 2: The Liquidity Momentum Alert
By: Gary Macdougall
Tags: Ethereum, ICO, Cryptocurrency, Bitcoin, Blockchain

Lots going on here at Token Report, and this weekly update is several days late. So let’s get right to it.

Last week, we added GEO tagging to the Token Clarity Bot. This was a nice feature that added the ability to quickly look at a project in the Bot and see it’s country of origin. Simple, but effective.

This week, we’re releasing a feature we’re calling Token Liquidity Momentum Alert.

One of our goals of Token Report is to help make sure you don’t miss an ICO. This is what we are working on in the beta version of our Token Clarity Bot.

We’ve noticed that many tokens undergo a long period post ICO before they are listed on a major exchange. Occasionally, these illiquid tokens begin to capture greater interest.

The main goal for our new Token Liquidity Momentum Alert is to parse crypto exchange data and find those tokens as they are heating up, but before they hit a major exchange — an event that’s typically accompanied by an increase in price and volume.

Token Liquidity Momentum Alert is designed to give you time to evaluate a token as it’s gathering volume momentum. We’re tracking that data not to provide investment advice, but to filter some signal from the noise. If it works as intended, it will allow you to do your own research and consult an investment adviser, before a token gets bid up and overpriced. At minimum, it’s a data-driven way to filter through the noise of 30 to 40 new tokens launching ICOs, each week.

To sign up for the beta testing phase of this alert, please send us an email at info@tokenreport.com. If you’re already using Token Clarity, our messaging bot, that will make it easier. ;) If not, you can sign up here. You’ll need a Telegram account, which you can get here.Token Liquidity Momentum

We’re pulling in data from the small exchanges and decentralized exchanges, which are accessible to more tokens immediately post-ICO. It analyzes changes in volume to find the tokens that are starting to catch buyers’ interest.

Here’s an example alert from our early testing:

New Token Liquidity Momentum Alert

What we’re looking for are tokens that have low daily volume, and are showing a steady increase in volume. We’re not looking for the sudden spike, but the consistent trend.

This can be complicated. Unlike the stock market, there are many, many exchanges we’re dealing with and they all represent different prices, volumes and kinds of buyer activity.

More Time + Better Data = More Accuracy

Token Liquidity Momentum Alert is a work in progress. We’ve just gotten it to the point where we think it might capture some valuable insight. But we’re already questioning some of the initial assumptions we made when we wrote the algorithm that triggers the alert.

As we gather more data over time, our filters will improve, enabling us to better avoid alerts related to sudden spikes and dips. (Of course, if sudden spikes and dips are what you’re interested in, we have that data, too.)

Conclusion

The new Token Liquidity Momentum Alert is just the start of a lot of really exciting things we’re working on to deliver signals through our Token Clarity Bot which can help our customers invest in ICOs. Stay tuned to this space as I’ll be updating our road map and posting about new features regularly.

I’d love to hear about some of your ideas or needs as it pertains to ICO investing and what information you’d like to be getting. Find me in our forum on Telegram, where my handle is @BostonAccent.

Signup for Token Clarity

To sign up for the beta testing phase of this alert, please send us an email at info@tokenreport.com. If you’re already using Token Clarity, our messaging bot, that will make it easier. ;) If not, you can sign up here. You’ll need a Telegram account, which you can get here.