- Dec 29, 2022
- 10
- 0
The Exorde Index — Bitcoin Investor Tool Launches
What is the Exorde Index?
Exorde Index is a tool that crawls articles and posts on platforms such as Twitter and Reddit, uses AI to calculate the tone or attitude of the content, and then aggregate that into a “reputation” score.
Theoretically, the Exorde Index can be used to track any subject, from brands to movies to political opinions. But we’ve taken the decision to start with one of the most popular topics on the Internet… Bitcoin.
With this first iteration, the Exorde Index allow users to check the current online mood around Bitcoin during the last 24 hours, the last four hours, and even the last hour. This information can be utilised in a number of different ways, but we envisage that most will use this tool to help them make trading decisions.
What makes the Exorde Index unique?
Most trading software tools that aim to measure market sentiment are based on actual trading activity. The popular Fear & Greed Index, for example, looks at elements such as market momentum and volatility and attempts to gauge whether stocks are priced above or below average.
What the Exorde Index does is measure the market sentiment BEFORE the trades even take place.
It’s hard to overstate how significant this is.
Much has been made in recent years of the ability for traders to use computers to react to market conditions and make trading decisions in milliseconds, at a speed that human traders can’t hope to match.
But even the fastest electronic trader can, in theory, be beaten if information on market reputation is accessible before the trading activity happens.
Which is why we don’t consider the description “revolutionary” to be an exaggeration.
exorde.network
discord.gg
#Exorde #ExordeLabs #EXD #Web3 #crypto #DeFi #protocol
What is the Exorde Index?
Exorde Index is a tool that crawls articles and posts on platforms such as Twitter and Reddit, uses AI to calculate the tone or attitude of the content, and then aggregate that into a “reputation” score.
Theoretically, the Exorde Index can be used to track any subject, from brands to movies to political opinions. But we’ve taken the decision to start with one of the most popular topics on the Internet… Bitcoin.
With this first iteration, the Exorde Index allow users to check the current online mood around Bitcoin during the last 24 hours, the last four hours, and even the last hour. This information can be utilised in a number of different ways, but we envisage that most will use this tool to help them make trading decisions.
What makes the Exorde Index unique?
Most trading software tools that aim to measure market sentiment are based on actual trading activity. The popular Fear & Greed Index, for example, looks at elements such as market momentum and volatility and attempts to gauge whether stocks are priced above or below average.
What the Exorde Index does is measure the market sentiment BEFORE the trades even take place.
It’s hard to overstate how significant this is.
Much has been made in recent years of the ability for traders to use computers to react to market conditions and make trading decisions in milliseconds, at a speed that human traders can’t hope to match.
But even the fastest electronic trader can, in theory, be beaten if information on market reputation is accessible before the trading activity happens.
Which is why we don’t consider the description “revolutionary” to be an exaggeration.
Exorde - What the World Thinks
Exorde processes millions of news articles, comments and social media daily, using complex analytics, generating actionable decision-enabling data.
exorde.network
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Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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#Exorde #ExordeLabs #EXD #Web3 #crypto #DeFi #protocol
