yPredict (YPRED)

yPredict is presented as a next-gen trading research and analysis platform that uses artificial intelligence to generate data-driven insights for both new and experienced crypto traders. It scans and trains on a massive set of data points, including ghost patterns, sentiment analysis, technical analysis, blockchain transactions, and alternative data, to generate trading signals.

According to the project's documentation, yPredict's mission is to build a platform that uses AI to predict crypto prices and provide analytics.

The $YPRED token is the core of the yPredict system, which aims to develop cutting-edge AI tools for a variety of industries.

As stated in the project's whitepaper, $YPRED token holders can:

• Use their tokens to access the yPredict analytics platform for free and analyze coins using data-driven insights and metrics.
• Subscribe to predictive models on the yPredict marketplace to receive trading signals and forecasts.
• Participate in voting on the marketplace to earn rewards and help shape the ecosystem.
• Stake their tokens to earn high APYs, which are kept constant by a unique liquidity model that sources liquidity from 10% of each new user's YPRED deposit.

Other products under development, including Predictions, Analytics, Repository, Terminal, and Marketplace, are scheduled to launch in 2023-24.

While yPredict presents itself as an innovative platform with promising potential, it is crucial to acknowledge certain red flags spotted by our team that warrant further scrutiny:

1. Token Distribution: The allocation of 80% of tokens for sale raises concerns about the project's long-term sustainability and tokenomics.
2. Valuation Concerns: The current valuation, relative to the project's development stage and utility, appears stretched. Social media sentiment, particularly on Twitter, reflects growing concerns among investors.
3. Excessive Token Circulation: The initial circulation supply of 55% is pretty high, and deviating from the figure stated on the landing page, raises questions about token distribution transparency.

Unusual Taxation Model: The proposed taxation model for buy and sell transactions imposes unusually high fees on any token fluctuation, potentially discouraging participation in the token sale event.