Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
AI Copy Trading Arrives: Woo X Launches “Man vs. Machine” Contest

AI Copy Trading Arrives: Woo X Launches “Man vs. Machine” Contest

CoinEditionCoinEdition2024/11/19 16:00
By:Nynu V Jamal

Woo X introduces George AI, an AI-powered lead trader, to its copy trade application. The exchange has entered into a strategic partnership with Kaito, the AI search platform for Web3. The project helps users mirror a machine learning-powered crypto sentiment tool.

  • Woo X introduces George AI, an AI-powered lead trader, to its copy trade application.
  • The exchange has entered into a strategic partnership with Kaito, the AI search platform for Web3.
  • The project helps users mirror a machine learning-powered crypto sentiment tool.

Cryptocurrency exchange Woo X has launched “George AI,” an artificial intelligence tool that allows users to copy trades based on machine learning sentiment analysis. Users can also compete in weekly trading competitions against the AI tool.

On November 18, Kaito announced a strategic partnership with Woo X, with details to be disclosed at a later date. While Kaito hailed the collaboration as an experimental venture, Woo X hinted at a “new way to trade.” With the platforms sharing interesting updates, the community has been expecting groundbreaking developments following the alliance.

AI Copy Trading Arrives: Woo X Launches “Man vs. Machine” Contest image 0

Kaito’s Sentiment Analysis Tool

Kaito CEO Yu Hu explained that sentiment analysis, powered by Large Language Models (LLMs), is already used in traditional stock trading. Crypto Twitter’s sentiment analysis is much noisier than that of traditional stocks, but it still significantly influences retail trading decisions.

Read also: OpenAI’s Orion: Next-Gen AI Model to Launch on Microsoft Azure by December 2025

Elaborating on the point, Hu stated that implementing quantitative strategies in crypto has been challenging due to this high noise level. However, the new project aggregates multiple information sources and uses AI to analyze tweet-level sentiment and trends. The platforms aim to make advanced AI technology accessible to everyday traders.

Copy Trading Competitions

In addition, Woo X is planning to organize bets on weekly copy trading competitions between human traders and the AI George. The participants are expected to bet on who will win the competition- humans or AI.

The integration of George AI into Woo X’s copy trading platform represents a significant step in the collaboration of AI and human trading. This innovative project could revolutionize how traders interact with markets.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11