Thoros.ai: Your AI-Powered Guide to Smarter Crypto Investments
We’ve all been there. Open up Twitter and suddenly everyone is talking about this new blockchain crypto token. It might feature a puppy face on it, or it may really be the next big thing, or both. You sit there sifting through Twitter posts pondering whether researching all the details about this new innovative project is worth your time and energy while your mum tells you to stop gambling away your money on the Internet. After hours of due diligence, you decide the project is not worth your money and the next thing you know, you missed the next ETH.
With 9,200 coins as of 2024 according to Statista, the number of cryptocurrencies in circulation has gone up 1700% in just 10 years. Tracking every new coin, tech-savvy developer, or technological breakthrough has become virtually impossible, and moving forward this situation will only become more and more common. The space has just grown too vast and complex. And to make matters worse, one has to weed out the doge-coin like projects from those genuinely pursuing technological innovation. For investors, this means an opportunity loss. For the project team, this is a loss in capital investment.
Thoros.ai presents an innovative solution to this problem — analyze the vast amount of on-chain (trading volume, price movements, network fees, hash rates, etc) off-chain (metadata, developer engagement, github activity, data storage, etc) and sentiment data (social media blogs, news outlets, public forums, etc) surrounding a given blockchain project using a patented AI algorithm enhanced by large language models. The algorithm then scores every project in terms of metrics such as viability, liquidity and safety, while also providing price predictions as the AI learns to extrapolate from historical data. As simple as that, look up a project on their platform and get back all the relevant metrics in an instant. Their algorithm is context-aware and adapts in real time to price movements and relevant news, thus always delivering the most-up-to date information. This helps investors avoid missing big opportunities while reducing risks.
But there’s more, the ultimate goal of thoros.ai is to allow AI agents to interact with each other and with the synthesized data within their ecosystem. In this manner, entire tasks, often involving human-like decision capibilities can be fully automated. For instance, these external AI agents may process the existing data or extract some features from it, and then feed it back to the Thoros Scoring Algorithm (TSA), responsible for the aforementioned rating of the blockchain projects. As described in their white paper, the whole AI engines development will be open source and crowd sourced via TIPs protocol.
What can thoros.ai do for you?
Beyond providing order to the whole crypto space, the most obvious use case of the thoros.ai platform is to guide investment decisions. Doubtful about a given project? Check thoros.ai for an informed analysis and check the whitepaper to learn more how does ScoreFi works!
It can also help you choose an appropriate chain in which to deploy your project. Beyond the on-chain data, thoros.ai will synthesize metrics about the project development and innovation as well as developer engagement, thus helping you make a sound decision to ensure your project succeeds going forward.
It can also be utilized to value NFTs or assess safety of DeFi protocols. For more details about use cases check out their white paper on their website.
Conclusions
There is no doubt the blockchain ecosystem is booming in terms of reach and technological innovation, but making sense of all these latest innovations while avoiding the scammy projects is becoming increasingly difficult. This translates into marker inefficiencies, which damage both investors and entrepreneurs. Tools such as thoros.ai will undoubtedly benefit the community enormously, by providing that clarity that the ecosystem so badly needs, all powered with the latest innovative solution in the AI space.
