Opportunities on cryptocurrency markets exist. We've shown it's possible to capitalize on market inefficiencies, without making directional bets on the price of certain coins. We make money by providing liquidity, making markets more efficient and each volatility spike opens up new opportunities for us.
 
But the performance of two trading strategies based on exact same signals may vary greatly, depending on the execution algorithms. Our new article shows basic framework that we use to optimize our algorithms: https://medium.com/tensorbox/stochastic-optimal-control-and-optimization-of-trading-algorithms-4011269a9aea
 
If you like our approach and want to invest in quant trading strategies that generate steady income without drawdowns, you can contribute in our ITO until Oct, 16th 2017. Dividends will be paid monthly. We take effectively 0% management fee and 20% performance fee based on the high watermark, which means we only get paid if we make you money. After that, we'll be managing money at 2% management fee+30% performance fee.
 
Contribute before Oct 16th, before the 0+20 fee structure is gone forever!
 
You can download our Whitepaper here: http://www.tensorbox.com/TensorBox%20WP%20v0.9.pdf
 
Live chat: https://  t dot co/ K107be13kB Ask Us Anything!

Ask Us Anything!

Chat with team members is live! Join https://[Suspicious link removed]/ K107be13kB (remove spaces)

sorry about that - bitcointalk has removed "suspicious link" to a form that you need to fill in order to get your bonus code. and of course you can just subscribe to our newsletter on our website and you'll get your code by email.

Our ITO is now live!

here's detailed instructions on how to participate: https://medium.com/tensorbox/how-to-participate-in-tensorbox-initial-token-offering-ito-1c6ccf6e49e5

and here's the link to our website: http://www.TensorBox.com

Yes we do monitor market data closely. On our main page we posted 2 very good examples: cross-exchange spreads and bid-ask spread on one exchange.


Our trading results in narrowing spread, for example. So yes, we do expect that markets get more mature and returns won't be that enormous. Still even in the most mature and liquid markets inefficiencies exist, thats why quant funds like Renaissance Technologies show something like 30%+ returns net of fees managing $50+bln portfolios. Of course they are the best of the best, but also competition on traditional markets is much tougher. Arbitrage opportunities exist even on the most liquid and mature markets, it is possible to arbitrage EUR-USD but margins are tiny and opportunities exist only fractions of a second.

We have released our Whitepaper!

You can download it here: http://www.tensorbox.com/TensorBox%20WP%20v0.9.pdf

So far we have requests for a total of 204.5 ETH and 0.29 BTC for the Early Bird promotion, or ~62.5% of the total amount.

Approximately 125 ETH can still be pre-reserved with 20% discount for the ITO starting next Monday, Oct 2nd, 2017!

Secure your spot here: /forms/o1VjWQRQ2d4uAr3V2]https://[Suspicious link removed]/forms/o1VjWQRQ2d4uAr3V2

Find details about the ITO and Early Bird promotion in our whitepaper (link above) or @Medium: https://medium.com/tensorbox/tensorbox-initial-token-offering-details-oct-2nd-2017-ce391140d86e

Thanks for the interest!

Fair point regarding the website It's being updated and soon you'll see the new verion..with our photos. As for LinkedIn, it's actually banned in Russia (because they store personal data outside Russia or something like that). And while it's still possible to use it via VPN, it's not popular here at all. Me (George) and Rinat had LinkedIn accounts many years ago while it was still available but we're not using it at all. Vadim had his entire career in London, working for various Investment Banks (Royal Bank of Scotland and ING) as a trader so he's the only one who actually uses it - https://www.linkedin.com/in/vadim-kuchinskiy-8178164/ and here's Dmitry's profile - https://www.linkedin.com/in/dmitryshalagin/

As for WP, it will be released shortly, as mentioned on our website. But you can find details on what we do in our blog on Medium: https://medium.com/tensorbox. I'll publish more "technical" (or rather "mathematical") article about our trading algorithms tomorrow. Feel free to suggest ideas for the upcoming articles!

And if you have any questions, I'll gladly answer them here.

TensorBox Initial Token Offering Details (Oct 2nd, 2017)

Who we are and what we do
We are a group of “quants” with an academic background in Numerical Methods, Computational Mathematics, Game Theory and hands-on experience in High-Frequency Trading and Machine Learning. Our interest was in exploring opportunities in cryptocurrency markets, with the goal of exploiting various market inefficiencies to generate steady absolute returns (not correlated with market movements) with low volatility or simply put, steady profit without major drawdowns. We have already developed and tested a set of automated trading algorithms and have run them on the real exchanges. We have a fast and reliable infrastructure to execute our algorithms. Our current returns are over 25% per month.

More information can be found on our website: http://www.TensorBox.com (in Japanese: http://www.TensorBox.com/jp ; in Korean: http://www.TensorBox.com/kr)

Our Edge:
-Combination of statistical arbitrage strategies and market-making strategies with extremely low holding periods that deliver absolute returns not affected by market direction
-Our cutting-edge geographically distributed IT infrastructure for monitoring market anomalies and shifts in statistical patterns with microsecond delays
-Lightning-fast order execution
-Proprietary risk management models and optimal capital allocation are at the core of our trading methodology
-Quantitative alpha models that generate trading signals based on statistical machine-learning and numerical optimization methods
-Order execution models based on optimal stochastic control and reinforcement learning

Examples of our trading strategies
Description of our trading system

Details of ITO-1
Crowdfunding starts: Oct 02nd 2017
Crowdfunding ends: Oct 16th, 2017 or until the maximum cap is reached
Maximum cap: $0.5 mln
Minimum cap: $0.2 mln
Currency accepted: ETH and BTC
Token price: 1 TBX = 1 USD
Bonuses: Early Bird Promotion: during the first 24hrs tokens will be sold at 20% discount to our subscribers (only first 100 k tokens). Pre-registration is required. See below. There will be no other bonuses or bounties
Token distribution process: tokens will be distributed after the end of crowdfunding, a number of tokens received by crowdfunding participant will be calculated by the following formula:
Number of Tokens = “contribution in ETH” * “ETH to USD exchange rate” * (1 + “bonuses”),
where “ETH to USD exchange” is the exchange rate on Bitfinex at the end of crowdfunding. Same formula applies for BTC
No more tokens will be issued after that point.
If the minimum cap is not reached, all the contributions will be refunded.

The collected sum will be used for:
further project development ($100k or 20% if the Max Cap is reached)
forming a trading pool (up to $400k or 80% of collected funds is the Max Cap is reached).

Each TBX token holder has rights to:
-his share of trading profit: every month 20% management fee will be taken from the net profit (using the high watermark principle); 50% of the trading profit will be distributed to token holders in ETH; 30% remain undistributed to grow the trading pool (to gain compounding interest in future)
-withdraw any amount up to his total share of the trading pool by sending us TBX tokens once a month after 6 months from the end of ITO-1.
-receive 30% of profit earned by Tensor Box (from 20% management fee) as monthly coupon payments, until the total sum covers $150k ($100k taken for the further project development + $50k premium)

The token value will be updated weekly, based on our trading performance:

-total US$ amount of funds in the trading pool will be published weekly;
-total number of issued tokens remains constant;
-value of 1 token= (total US$ amount of funds in the trading pool)/(total number of tokens issued)

In 1Q 2018 we are planning to run ITO-2: new tokens will be issued under the new terms: Tensor Box is collecting 2% of the initial deposit as a management fee + 30% of net profit as a performance fee.

Early Bird Token Pre-Sale
To participate in this promotion you need to fill in a web form: /forms/o1VjWQRQ2d4uAr3V2]https://[Suspicious link removed]/forms/o1VjWQRQ2d4uAr3V2 (also posted on our Facebook page). You will need to enter the amount of ETH or BTC (or both) you’re willing to invest on Oct 2nd, 2017 and your email. That amount will be reserved for you for 24 hours, starting at 3 am UTC Oct 2nd, 2017 and you will have to send that amount during that time to our wallet (will be announced later) to qualify for 20% extra tokens. Tokens will be distributed after Oct 16h 2017.

Our team:
Georgy Bulygin, MSc in Applied Mathematics and Physics. Specializing in Numerical Methods and Computational Mathematics, he has been working for 6 years at the Moscow Institute of Physics and Technology. Then he got fascinated with the world of HFT (High-Frequency Trading) and joined a boutique firm as a quant developer. As a founder of TensorBox, he’s responsible for the core trading strategies.

Vadim Kuchinskiy, MSc in Applied Mathematics and Physics at MIPT, M.Sc. in Economics at NES. Investor in FinTech, ex-director & FX-trader at ING London

Dmitry Shalagin, MSc in Applied Mathematics and Physics at MIPT, M.Sc. in Economics. Specializing in investments and management of high-technology startups. He has been working in management consulting for 4 years. Then he was responsible for due diligence at “Skolkovo” Foundation and closed 40+ deals with overall financing of $80 million. Later, he became a partner at “Phystech Ventures” — early-stage venture capital firm. During the last 3 years, he has been carrying out arbitrage deals with fiat-currencies, ROI — 70%+ per year. Nowadays, Dmitry is co-founder & investor in e-commerce, insurance and fintech industries. As a co-founder of TensorBox, he’s involved in business development and fundraising processes.

Rinat Yaminov, PhD in Applied Mathematics and Physics. Specializing in Game Theory and Computational Mathematics. More than 10 years of experience at Dorodnicyn Computing Centre of the Russian Academy of Science. He developed an automated trading system for a boutique fund in the USA. He worked in an investment department, was responsible for the risk and strategic analysis of projects, he managed a total portfolio of more than $3 billion. As a co-founder of TensorBox, he’s responsible for the risk and portfolio management part of the strategy.

www.TensorBox.com | Facebook | Medium | Telegram | Twitter

Hello, George from TensorBox here.

Thanks for sharing your concerns here. I was going to post a new thread announcing our ITO so I welcome everyone to ask any questions there.

Firstly, 25% is, as you have pointed out, is an exceptional result. We're not expecting to show this kind of results each month of course and we're not promising this kind of results of course. What we promise is that our results will not be correlated with the market performance. So if prices fall - we profit, if prices rise - we profit, if markets stay calm - we probably don't trade much. As you can see on our main page, there was 18% spread between BTC exchange rate on 2 exchanges at some point in time. So anyone lucky enough could've made that 18% "risk-free" profit in just 1 trade. Did we make 18% on that trade? Nope, we've made much less, because that was not truly "risk-free", and I'll get back to that later. We've been testing our ideas for about 2 months and 2 big things happened during that time: the bitcoin fork and ban of ICOs and Chinese exchanges. We've made the bulk of our profits around these events (without any losing days btw!). Will something like that happen in future - we don't know. But basically, every market shock is good for us. And you know, there's saying that timid salesmen have skinny kids..So since we've had nice profit we've decided to mention that

Some token funds show much better performance, I think I've heard of a quite big fund that's up >400% for the year. Since crypto markets are red hot now, people who buy and hold may get exceptional returns. Or they may not. Let me stress that again, our goal is not to show an insane profit, our goal is to show a stable profit each month, regardless of market direction. If cryptocurrencies keep growing like they are now, we won't be able to beat token funds by performance. But that is not our goal. If something bad happens on the market, all coins will fall, they are all too correlated with each other. So for someone who holds cryptocurrencies or invests in a token fund, it will be a smart idea to hedge some of their capital with us.

As for the risk. Trading is risky. Trading cryptocurrencies is very risky. It is always possible to lose all of your money. Our strategies are not risk-free. We do remove market risk, however. But there are other forms of risk: exchanges may shut down or get hacked (we spread our capital across many exchanges and we only trade on the biggest/most liquid exchanges and give preference to exchanges that give some sort of guarantees, like Japanese exchanges); there may be technical issues with the exchanges and our orders are not executed (but we have systems to prevent that) or we may take enormous leveraged position and be forced to close it by a margin call, leaving some unhedged market exposure, but that is what's risk management for - we were never even close to a situation like that, even during the shockwaves coming from China.

tl;dr: 25% was an exceptional result due to big shocks on the market and is not indicative of future results. Trading is very risky and you can lose all your money. Our strategies are not completely risk-free, however, we do remove market risk. So whether markets move up or down - we profit. If they don't move -we don't trade much.