AI-Powered Risk Management
Cryptocurrencies offer unparalleled opportunities for building wealth and generating passive income, but their high volatility and risk often deter cautious investors. FireBot seeks to change this by creating software solutions that grant everyone access to the crypto market while significantly reducing volatility and potential losses. By embracing volatility as an asset, FireBot aims to change how we view cryptocurrency investing.
Our journey began with developing trading algorithms for centralized exchanges, managing portfolios of top cryptocurrencies. This approach offered lower volatility and exposure to the crypto market, while reaping benefits from diversification, frequent rebalancing, market-making profits, and USD components. Although successful, our strategy still suffered from static allocation to crypto assets and market fluctuations.
Our second iteration, FireBot, utilizes AI-driven quantitative measurements and statistical market analysis to dynamically adjust portfolio allocation. By continuously adapting based on new market data, FireBot can capitalize on uptrends in popular assets while reverting to USD in uncertain times.
Initially, FireBot SaaS was available through API on users' Binance accounts, but increasing KYC measures, API key limitations, and counterparty risks hindered widespread adoption. To streamline the onboarding process and leverage the growing DeFi ecosystem, we created FBX, the utility and governance ERC20 token of our DAO on the Polygon blockchain.