The strategic partnering agreement between PARSIQ and Autonio Foundation consists of utilizing PARSIQ’s monitoring and automation blockchain platform to power Autonio’s NIOX trading suite.
Autonio’s NIOX trading suite will keep making its informed decisions in distinct areas only that improved from now onwards by PARSIQ’s unique Smart Triggers technology, crucial here in monitoring blockchain activity.
Tom Tirman, the CEO of PARSIQ, commented,
“Automated trading tools are a natural use case for PARSIQ’s Smart Triggers, and we are glad to be seeing teams like Autonio speed up their development efforts by choosing our solution…There really is no reason why crypto app developers should be constantly reinventing the wheel. By letting us take care of the intricacies, they save on time, money and headaches.”
Autonio, a decentralized autonomous organization (DAO) specializes in the development and access to easy-to-use DeFi trading tools for the crypto ecosystem.
The platform democratizes access to intelligent crypto trading tools in order to assist crypto traders in conducting a deeper trading analysis, so as to be able to deploy complex algorithms and implement pool funds for their original strategy.
PARSIQ Reaches Deeper into the Markets
Niox Suite, an AI-toolset developed by Autonio, needs a stream of reliable blockchain data in order to perform its operations. Niox Suite can be used outside of a blockchain setting (chain agnostic) and becomes the basic alert system for complex trading strategies based on specific triggers.
Until this partnership existed, developers accessing blockchain data would need to create their own custom listeners, which would require spinning up their own full nodes, parsing through complex blockchain data, and creating an API that will make this data more usable.
The process of making this data work in a realistic way is time-consuming and expensive, and the resources involved in the process could be used in other ways.
Ali Raheman, the Autonio Foundation CEO and Founder, told the media,
“PARSIQ enables us to secure our governance and our DAO along with granting our users access to info about asset movements, which is a higher up priority for us, while we begin incorporating notifications and triggers into our trading solutions and tracking…Use for AI is longer term. PARSIQ has provided us with a toolset to make improvements in 3 major areas, trading, governance, and analytics data for AI.”
By using PARSIQ’s Smart Triggers, Autonio will be able to easily monitor blockchain data for relevant events by integrating just a few lines of code.
In Autonio’s case, PARSIQ’s toolset is vital to enable traders to conduct their own strategies based on on-chain triggers — for example, transactions originating from large wallets.
Great Tools from Quality Developers
PARSIQ’s technology will be used to monitor how well NIOX’s trading abilities are while giving developers a good idea of how well these AI-based tools work in a real-world environment.
PARSIQ is designed to connect multiple blockchain platforms with off-chain applications, which makes it a powerful development tool.
Its technology is a proprietary ParsiQL programming language that allows users to monitor and interpret an endless stream of data on the blockchain. This allows users and developers to watch the wallets of both traders and normal crypto holders, and make more informed trading decisions.
The Autonio Foundation is a DAO built with the goal of helping to develop accessible, easy to use and affordable trading tools and services for the DeFi ecosystem. The foundation is creating a solid group that specializes in algorithmic trading by creating access to intelligent automated trading tools and infrastructure.
The world of DeFi is still developing, and there are many ways in which new tools, like the ones that PARSIQ and Autonio are offering, can make a big impact.
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Source: https://blockonomi.com/parsiq-partners-autonio/
