How to buy yPredict (YPRED) on Presale: July 2024 Complete Guide

Why Trust Tech Report

Tech Report is one of the oldest hardware, news, and tech review sites on the internet. We write helpful technology guides, unbiased product reviews, and report on the latest tech and crypto news. We maintain editorial independence and consider content quality and factual accuracy to be non-negotiable.

yPredict is a new blockchain project that brings together AI, data, and analytics. It offers state-of-the-art analysis tools and an innovative marketplace for traders to sell their AI-based predictive models.

This guide explores the features of yPredict and its scope in the crypto market. We also how to buy yPredict tokens via the ongoing presale at a significant discount.

What is yPredict?

yPredict was created by experts in artificial intelligence, machine learning, finance, and trading. The yPredict ecosystem will have the following features:

• Predictions – yPredict offers price predictions for thousands of cryptocurrencies using its in-house tools. This feature is accessible to everyone and will be free to use.
• Analytics – yPredict’s highly advanced analytical tools will offer traders a statistical edge in the markets. These tools will implement pattern recognition and sentiment, indicators, and transaction analysis.
• Marketplace – The in-built marketplace allows data scientists to sell their prediction models as a monthly subscription service. This way, AI developers can capitalize on their expertise without having to trade cryptos. Nor will they have to find a market for their predictive models.
• Terminal – There is also the yPredict trading terminal. This will offer features like order books, fast trade executions, and an intuitive interface. Additionally, it will emphasize the significance of speed and provide multiple order varieties.

With these features, yPredict caters to not only traders but also AI developers. On one side, it furnishes crypto enthusiasts with cutting-edge tools to navigate the market. On the other hand, the platform also facilitates the growth of AI.

Moreover, the yPredict team aims to cater to multiple industries in the future. It allows users to get customized predictive models for their problems. Whether it’s a Bitcoin trading strategy or a personalized AI-suggested diet, the yPredict marketplace offers tailored solutions.

yPredict is held together by its native token, YPRED. The token will be used for all transactions within the yPredict ecosystem. This includes subscriptions, payments, and trading fees. With many utilities, YPRED is emerging as one of the best new cryptos with the most upside.

Steps to Buy yPredict on Presale

During its presale, yPredict allows investors to gain early access to YPRED tokens. Below, we provide a detailed explanation of how to buy yPredict on presale.

Step 1: Set up a Crypto Wallet

Investors should first ensure that they have a secure crypto wallet. yPredict recommends Metamask and Trust Wallet, and Coinbase Wallet. All three are non-custodial software wallets that can be used on mobile phones and desktops. Moreover, these wallets also support multiple token standards.

Visit the website of the preferred provider and download the wallet directly. Next, install the wallet on the device. Then, follow the on-screen instructions to create a new wallet address. This will involve setting up a password and taking note of the unique recovery phrase.

With non-custodial wallets such as MetaMask and Trust Wallet, users have full control of their funds. Meaning, if they lose the password and the recovery phrases, it is impossible to regain access to the cryptocurrencies. Therefore, be sure to store the wallet’s sensitive information somewhere safe.

Step 2: Add Funds to the Wallet

The next step is to ensure that the wallet is sufficiently funded. yPredict accepts ETH, MATIC, BNB, and USDT in exchange for YPRED. Investors who don’t have any of these cryptocurrencies should first buy their chosen tokens.

To do this, investors can choose a regulated crypto broker or an exchange. Many providers allow users to purchase these cryptocurrencies directly with fiat money.

At this point, it’s also worth noting that investors can buy yPredict tokens directly with a credit card. In this case, investors can skip this step.

Step 3: Visit yPredict

Now go to the yPredict website. The presale section can be found on the home page. Currently, the yPredict presale is in stage 4, so YPRED tokens can be purchased for $0.05. The yPredict website also features a handy calculator.

Here, investors can choose the crypto they wish to exchange for YPRED and enter the investment amount. yPredict will instantly display the equivalent number of YPRED tokens that will be acquired.

Presale investors can also enter the amount in US dollars if using a credit card to make the purchase.

Step 4: Connect Wallet and Make Payment

Next, click on the ‘Connect Wallet’ option and choose the preferred wallet provider. As YPRED is built on the Polygon blockchain, yPredict recommends MATIC tokens. That said, ETH, BNB, and USDT are also accepted.

After connecting the wallet, review the details entered, such as the investment amount. Then, confirm the transaction via the wallet. At this stage, the wallet will transfer the tokens to yPredict, and the investment is complete.

Step 5: Claim YPRED Tokens

Finally, on the confirmation screen, provide the wallet address to receive the YPRED tokens. Make sure that the address is compatible with the Polygon network.

For instance, those using Trust Wallet can find this by clicking on ‘Receive’ and choosing ‘Polygon’. Copy this address and paste it into the relevant field.

Click on the ‘Request Allocation’ button to send the request. Investors will receive a confirmation email once the request is processed. It usually takes between 12 to 24 hours.

Tips for a Successful yPredict Presale Purchase

Experienced investors will know their way around crypto presales. For beginners, however, the process can be daunting.

Below, we discuss some tips to ensure the yPredict ($YPRED) investment process is smooth and hassle-free.

Join yPredict Community

yPredict has already generated hype in the crypto market. It has built strong communities across multiple social media platforms. And these social pages serve as excellent sources for investors to receive updates about the project. Currently, yPredict’s official Telegram channel has over 29k subscribers.

On Twitter, yPredict has more than 16k followers. The team also has set up a YouTube channel with tutorials. This covers topics such as how to buy $YPRED tokens and future development plans. Joining these communities allows investors to engage with other enthusiasts and support the project.

Fund Wallet With Sufficient Crypto to Cover GAS Fees

As noted above, to buy yPredict, investors should have ETH, MATIC, USDT, or BNB tokens in their wallet. However, when making crypto transactions, it’s also necessary to consider GAS fees. For those unaware, GAS fees cover the cost of transactions on the blockchain network.

• GAS fees vary depending on the chosen cryptocurrency.
• Typically, the transaction fee on ETH is higher than MATIC.
• This is because Ethereum has a larger number of users and transactions, which results in increased demand.
• As such, yPredict has developed its project on the Polygon (MATIC) network

Crucially, the wallet should have the desired investment amount plus the GAS fee. If there are insufficient funds, the transaction cannot be executed.

Use a Reliable Wallet

With investing in presales, the importance of using a trustworthy wallet should be overstated. There are hundreds of wallet providers in the market. However, not all are created equal.

• A reliable wallet offers robust security measures such as two-factor authentication and multi-signature support.
• It should also provide a user-friendly interface, seamless integration with other services, and efficient customer support.

Additionally, investors can also choose between custodial and non-custodial wallets. Either way, investors should choose a wallet provider with a proven track record of security and reliability.

Some of the most popular wallet providers include MetaMask and Trust Wallet. Both these wallets are used by millions of users globally. yPredict also allows users to link other reputable wallets via Wallet Connect.

No matter the preference, investors should ensure that their chosen wallet is compatible with MATIC to receive YPRED tokens.

yPredict (YPRED) Presale Details and Tokenomics 

Looking to buy yPredict tokens? Here is a detailed overview of the project’s presale and tokenomics.

yPredict Presale Stages

The YPRED presale comes in eight stages at different price points – as per the below:

YPRED Tokenomics

YPRED tokens have a total supply of 100 million. Of this, 80 million, or 80%, will be sold during the presale. The remaining 10 million YPRED tokens will be set aside for liquidity and the yPredict treasury. Tokens will be used for development and marketing.

Currently, the presale price of YPRED tokens is $0.05. The exchange listing price is set at $0.12. This implies that presale investors can achieve an immediate upside of 140%.

The project stipulates a 6-week lock-up and a 6-month vesting period after the token generation event. This means that investors cannot transact or trade YPRED tokens during this time.

Risks of Investing in Presales and How to Mitigate Them

Below, we explain the most common presale risks to consider and how investors can mitigate them.

Scams and Fraudulent Projects

The crypto market is teeming with scams. According to the FBI Internet Crime Report, over $2.5 billion was lost in crypto investment scams in 2022. Within crypto presale projects, scams could take many forms. For instance, the project might provide fake details or teams or simply be a ‘rug pull’.

For those unaware, a crypto rug pull occurs when the presale developers promote their token, only to disappear with the investor’s funds. This highlights the importance of conducting due diligence before investing in any project. To mitigate the risk, investors should look into the team’s background, previous projects, and credentials.

In the case of yPredict, the project is fully transparent about its core team members, including LinkedIn profiles. Additionally, yPredict has been audited by CoinSuit. Investors can check the audit reports via GitHub directly.

Delay in Development

Another risk is the possibility of delays in the project’s development. This can lead to a longer-than-expected wait time for the launch of the project and the distribution of tokens.

This is why it’s essential to ensure that the chosen presale project has a well-laid-out roadmap. Moreover, investors should also regularly check the project’s development process.

Market Volatility

Cryptocurrencies can be highly volatile, and there is always the possibility of a market crash or sudden price drop. Therefore, investors should diversify their portfolios.

For instance, investors can balance their portfolio by choosing presales like yPredict alongside established coins such as Bitcoin or Ethereum.

Additionally, investors can also diversify into other assets, such as stocks, bonds, or commodities. This way, investors can avoid being overexposed to crypto. Crucially, the key is to refrain from risking more than one can afford to lose.

How to Evaluate the Potential of yPredict as a Cryptocurrency Investment

As noted in our yPredict project overview, this blockchain startup has high upside potential. But, as with any investment, evaluating the potential risk and rewards is paramount before proceeding.

With this in mind, let’s take a closer look at yPredict.

AI Market Demand

Global spending on AI-centric systems is estimated to reach $154 billion by the end of 2023. All industries, including FinTech, are embracing AI. In fact, the use of artificial intelligence in the cryptocurrency market continues to grow rapidly.

With the increasing complexity of the crypto markets and the abundance of investment options, traders are turning to AI-powered tools. And yPredict is ideally positioned to leverage this growth through its AI predictive models and datasets.

yPredict Use Cases

As discussed, yPredict relies on artificial intelligence to derive insights from the crypto markets. It offers free price prediction models to all of its users.

On top of this, yPredict is also leveraging AI for conducting sentimental and technical analysis of the markets. This offers further insight into the price movements of cryptocurrencies.

Additionally, yPredict is building a repository of premium quality data from multiple industries. AI developers can then create predictive models using this data and sell them for monthly subscriptions. Users can even get tailored predictive models for their unique requirements.

Crucially, yPredict has also taken measures to ensure credibility. All prediction models sold will be verified by the platform’s DAO. This ensures that only high-quality, reliable models will be offered to users. Plus, yPredict will also democratize AI with its decentralized ecosystem, making artificial intelligence more accessible to everyone.

YPRED Token Utility

YPRED has a significant role in the yPredict ecosystem. While yPredict offers its basic price prediction models for free, all other features can only be accessed with YPRED tokens.

The use cases of YPRED tokens can be broadly classified into three divisions:

• For AI developers: YPRED tokens are used to incentivize developers to sell their predictive models. They receive 70% of the subscription fee, while 10% is distributed among YPRED token holders. The remaining 20% is the commission taken by yPredict.
• For Traders: Users can make purchases on yPredict with their YPRED tokens. This includes payment for subscriptions, analytical platforms, and other services.
• For YPRED Holders: Those who don’t want to engage with the platform’s features can also benefit from YPRED tokens. For instance, yPredict supports YPRED staking and offers high APY rewards. Additionally, token holders are rewarded for voting on the DAO to verify prediction models.

In other words, investors, traders, and AI developers can utilize YPRED tokens to their advantage. Additionally, token holders can trade them in the crypto market to potentially generate gains.

yPredict Roadmap and Future Plans

yPredict is one of the most trending crypto coins of this year. However, investors should spend time exploring its future objectives before proceeding.

According to the yPredict whitepaper, YPRED tokens will be listed on centralized exchanges by Q2, 2023. The platform is also launching its analytics platform around the same time.

By Q3 2023, investors can expect more exchange listings and the launch of the yPredict Repository. This will be followed by the release of its marketplace. Bear in mind that these launches will be in the beta mode.

Investors can request beta access directly via the yPredict website. The platform will launch the mainnet versions of its analytics, repository, and prediction marketplace by the end of the year.

Conclusion

In a nutshell, yPredict will leverage the power of AI and machine learning for research and analytics. The platform will cater primarily to crypto investors and traders. yPredict will equip users with advanced analytics and predictive models for making informed trading decisions.

Additionally, yPredict allows AI data scientists to sell their prediction models to subscribers. This makes it simple for investors to capitalize on AI when trading crypto. All payments in the yPredict ecosystem will be handled in YPRED tokens.

While users can pay for yPredict’s tools with YPRED, developers will earn tokens when selling their products. Moreover, YPRED holders can also earn passive income via staking.

With the current buzz surrounding yPredict, it is a project to keep an eye on. Interested investors can buy yPredict tokens at huge discounts via the presale today.

FAQ