Thread by @IAMBEEFMARKET

1/ @FlourishingAI ( $AI ) MEGATHREAD⬇️

Everything you need to know about this crypto gem.

flourishingai.com

#crypto #AI #trading #cryptogem

2/ Let's start from the beginning. What is FlourishingAI?

It's a crypto project born from the brilliant minds of Flourishing Capital, a FinTech company that has decided to benefit from blockchain technology, making use of its revolutionary features.

3/ What does FloushingAI offer?

Right now FAIT is its flagship product, an Artificial Intelligence at the service of your crypto wallet that, according to the team, beats the market by:

⏺️Accumulating during a bull market
⏺️Protecting your capital during a bear market

4/ Before investigating how she operates, let's get to know her (yes, it's HER).

FAIT is a "self learner" artificial intelligence built to improve its performance over time.

Think of her like a toddler that steadily gets better as she grows up.🦾

5/ Her goal?

Predict market fluctuations more and more precisely and use these informations to her advantage.

(in favor of those who use her to manage their wallet actually 🤓)

But how does she achieve these results?

6/ FAIT constantly scans more than 6000 markets and crunches more than 2.8 terabytes of data per week, looking for recurring patterns and indicators that can assume abrupt market movements.

A feat that no human will ever be able to accomplish in this fashion.

7/ The team backtested her performance for 18 months, getting back exeptional feedbacks.

According to the "Sharpe" indicator, which measures returns compared to a risk-free asset, she achieved a score of 2.93.

8/ The reference scale to measure "Sharpe Ratio" is the following:

⏺️1+ = good investment
⏺️2+ = optimal investment
⏺️3+ = excellent investment

2.93 is clearly an excellent result.👀

9/ Now it's time to talk about the masterminds behind this cutting edge technology.

A great team is one of the most important elements for a project to be successful and Flourishing is undoubtedly second to none in this space.

Let's get to know the founders:⬇️

10/ Eric and Will's resumes speak for themselves.

Furthermore, the group is constantly expanding. Just think about the addition of @cannonball_01, a marketing beast;

Or hiring "Paul the Quant", a Wall Street quantitative analyst who will bring his experience to improve FAIT.

11/ Not to mention Carter, Ewout, Spencer and anyone who supports the project in its engineering development and anyone who helps by pushing media content.📡

Everybody is doing a great job and WAGMI.

12/ Also I like to think that the perfect team needs a balance between:

⏺️IQ (intellectual quotient)
⏺️EQ (emotional quotient)

And this squad has defenitely a great amount of both.🧠

13/ Then comes the community.

This community is among the most welcoming and active groups I've ever had the pleasure to be a part of.

In this regard, a Council was formed by the most prominent exponents, among which the leader Lint, Giorgios and Jason stand out.

14/ Live streamings of Flourishing AMAs take place every Friday at 16:00 UTC on Jason's Youtube channel BeyondFOMO.

youtube.com/c/beyondFOMO

15/ Allright, we've got to know most of the minds behind Flourishing.

It's time to talk about the $AI token.

Why invest in it? What utility does it bring to its holders?

How does it relate to the protocol ecosystem?

16/ $AI is the gateway to every Flourishing Capital's products.

Right now you can benefit from FAIT work by holding 10,000 $AI or by paying a monthly subscription of $ 49 USD.

Just connect a wallet and that's it.

17/ As of now the protocol supports Binance, Bittrex and PancakeSwap (Uniswap and Quickswap will join the party soon 👀)

Once the account holds the necessary funds, FAIT will start trading for you.

18/ Let's talk about the $AI "tokenomics", which includes the following information:

⏺️Circulating supply
⏺️Max supply
⏺️Inflation rate
⏺️Utilities
⏺️Division of supply

19/ A total of 55 million coins were minted.

Circulating supply is about 16 million.

Market cap is about $2 million.

The coin price is calculated by dividing its market cap by the number of coins in circulation.

20/ As capitalization increases, the price of each individual coin also increases.

So why should $AI appreciate?

Simply because the token is required in order to use Flourishing's outstanding products.

21/ The more people use them, the more its value increases, following supply and demand laws.

But why hold the token when you can pay $49 for the same services? There're many reasons:

⏺️Earn from the increasing value of $AI
⏺️Get access to new products

22/ ⏺️Free access to existing products
⏺️Benefit from a deflationary asset

Yes, you heard it right! $AI will become deflationary.

Part of the monthly fee paid by the users will be used to buy back $AI and "burn it".🔥

23/ In crypto "to burn" means to permanently remove an amount of coins from circulation.

As a result, as the number of coins in circulation decreases, the value of each individual coin increases.📈

24/ The next question is: how do you buy $AI?

As of now you have 2 options:

⏺️Swap $WBNB on PancakeSwap
⏺️Swap $USDT on MEXC

More info:
coinmarketcap.com/currencies/flo…

25/ PancakeSwap is a DEX (Decentralized Exchange), therefore you need an external wallet to interact with it.

MetaMask is considered one of the best.

Later on I'll write another thread on how to use MetaMask on the Binance Smart Chain, specifically to buy the token. 🧵

26/ If you prefer to operate on a CEX (Centralized Exchange) MEXC in this case, you'll need to provide proof of your identity before you can deposit and withdraw funds.

Once verified, you can swap $USDT for $AI.

27/ FAIT isn't the only feature.

There are several in the pipeline, including the most anticipated upLink. ⚠️

According to the team, it will revolutionize BSC forever.

Right now it's being tested by the team and the council in anticipation of its release on 31.01.2022.

28/ In conclusion: I'm super bullish on everything Flourishing is able to accomplish long term.

As always DYOR. NFA.

29/ Useful links:

⏺️Site: flourishingai.com
⏺️Medium: medium.com/flourishing-ca…
⏺️Telegram: t.me/flourishingcap…
⏺️Youtube: youtube.com/c/FlourishingC…

30/ I'd like to thank the team and the community for everything they've done and everything they're going to achieve in the future.

Let's flourish together!🌸

31/ P.S: ignore the scam bot that automatically writes a private message whenever you mention MetaM*sk on Twitter. ⚠️😡