You’ve described the current crypto market as a “dictatorship” controlled by a few major players. How does Deep Whales AI aim to change that power dynamic?
The crypto market very much reflects that of the central financial system; i.e. there are the elite, a minority who control the majority. The big guys pull the strings while those who are not in the clique or in the know are forever chasing the dream of retirement, good savings or less work to live their life how they should.
Crypto in many ways is a small space. Currently, the value of the entire crypto market cap sits at around 3.3 Trillion US dollars. Two Trillion of that is in bitcoin itself, and the other 1.3 Trillion is in alt coins, which are coins other than Bitcoin. This essentially means that the rest of the crypto space is playing in a 1.3 Trillion dollar market.
Whilst crypto has only been around for 15 years, the popularity and acceptance of crypto is only recently coming to light. I believe we are at a pinnacle point right now and we need to create a place that feels safe to new investors, large and small.
We aim to give everyone an equal opportunity to get into new and established projects at the right time. Deep Whales AI essentially does the leg work, providing a safe and secure platform for trading. We want to ensure that the overall perception of this space becomes more positive and inclusive.
DeepBot has been popular among experienced Web3 investors. What motivated you to build a separate platform specifically for beginners, and how different will the user experience be?
The majority simply don’t understand crypto and what it’s about. There is also an overshadowing perception that it is a scam. By giving people a platform where they can dip their toe into the space, we can start to bring in new investors and builders who may previously have been put off.
Ultimately, the only way this 3.3T market cap will get bigger, is if new people invest in crypto. Safety and education are key. Overall, there’s a real opportunity for people to make some money and they don’t have to be big investors with 10s of thousands of pounds in the bank.
You’ve said that greed and emotion are crypto’s biggest enemies. How does your AI system counteract those human tendencies, and what kind of results have you seen?
Greed and emotion can severely undermine crypto buyers, as they distort rational decision making in a market already known for its volatility and complexity. In reality, buying a token that will allow you to retire or make life changing gains is not common (but it does happen!)
Unless you are one of the ‘elite’ or someone with a solid network that gets information early – or you’re just plain lucky, it is difficult to get in at the right time to make these kinds of gains. It’s easy to get swept up in the hype, the overpromises and the greed of turning profit into more profit. The smartest investors have a strategy, a plan, and take profits as the price increases.
Using our automated Buy and Sell strategy, users set their plan before they start buying. Essentially this takes the greed and emotion out of the equation and forces users to make profits responsibly. We want people to win; we don’t want to sell them the world and give them an atlas. We are all in this space to make money, that is the reality of the situation, so why not help people do that.
What steps are you taking to ensure the security and credibility of your automated trading platform?
As a reasonably new entity to the space, trust doesn’t come easy, and we are aware of this. It’s important for our brand and platform to be affiliated with some of the leading providers of security and data feeds, which builds an immediate sense of security and credibility.
Our platform utilises Blockaid.io’s market leading security API, ensuring our users are protected from buying malicious tokens, which is unfortunately all too common. The biggest trading platforms in the world utilise Blockaid’s security. We have also partnered with established and trusted entities for other elements of our software, such as Messier 87, a P2P platform, Onchain®, RAMP and Kima.finance, to name a few.
Can you explain how your system identifies trading opportunities, especially for users with no prior crypto knowledge, and how much control, if any, they’ll have over decision making?
Our system identifies opportunities from many different sections of the space. While some platforms focus on high value high frequency trading, we look for the smaller market cap projects, giving users a much bigger opportunity to multiply their profits. It’s important that these opportunities are safe for users to buy, and this is where we utilise Blockaid the most.
We have signals for newly launched tokens (new pairs), trending tokens, and a dynamic whale wallet database which is constantly being updated, to ensure we only follow the best traders in the market and not the same wallets that most platforms or investors follow.
With our new crypto platform, we will give users the opportunity to choose from a few strategies, ranging from low to high risk. As we continue to educate our users as to what is happening in the background, once they have more understanding of the workings, we can give them more personalised strategies. Our priority is always safety, however, so we use proven strategies that will more than likely yield returns.
There’s a growing conversation around ethical tech. What does ‘’ethical crypto trading’ mean to you, and how do you bake those values into your product design and algorithms?
Our main ethical claims relate to protecting investors. Scammers are rife in the crypto space, but we have created a tool that removes risk and protects people who would probably have been prime scam targets. We want to see an end to the horror stories and support ‘normal people’ in growing their wealth safely.
You’ve spoken publicly about retail participation being crucial for a more stable crypto market. What needs to happen for that participation to truly scale?
Removing the mystery, education and safety are key to opening up crypto to a wider audience. Our soon to be launched Web2 platform is designed with this in mind, with an easily understandable interface, Blockaid security and parameters that can be set to individual ‘risk’ preferences.
We also need some positive crypto investment stories relating to normal people. There’s a lot out there about scammers. We aim to guide people through the process of investment, so they can confidently invest their money in this exciting and growing space.
Cybersecurity is central to your mission. Can you share some specific security protocols or innovations that set your platform apart from others in the space?
As above, we have partnered with Blockaid, which is as good as security gets in the crypto space.
What’s your response to sceptics who say that automating trading takes the learning and responsibility out of investing, especially in something as complex as crypto?
That sounds like sour grapes to me. Why not use tools to make life easier? Sceptics are most likely existing crypto investors who feel their ‘secret’ club is going to be encroached on. Monopoly is not good for any sector, crypto is no different.
Looking ahead, what’s your vision for how AI could completely reshape the crypto ecosystem: not just in terms of trading, but in fostering a more open, secure, and inclusive financial future?
Crypto can be viewed as giving ‘power to people’. Decentralised finance, away from the banks, has the potential to provide individuals and businesses with more autonomy when it comes to controlling and growing their wealth.
AI automation, when done right, removes barriers and allows practically everyone to ‘have a go’. The more people that join the crypto ecosystem, the better and safer it will become.