TechX Technologies Inc. (“TechX” or “the Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B:FF), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that it has signed a letter of intent (LOI) to exchange certain information in pursuit of a potential transaction involving the acquisition of all of the outstanding share capital of CryptoBuddy Technologies Inc.
CryptoBuddy.ai is a crypto signals platform that allows traders to safely navigate cryptocurrency market conditions and cut through the market noise with AI-generated future price forecasts and trade signals. By leveraging state of the art AI, CryptoBuddy is the first to provide the most comprehensive AI-generated price forecasts and trade signals to retail investors.
CryptoBuddy Key Features:
- Leverages big data to find machine-recognizable patterns that are impossible for humans to identify
- Easy-to-navigate dashboard that simplifies complex data and presents it in a user friendly and easy to understand way
- Predictive analytics – Different charts and graphics for easy visualization on trends, current price, historical price, and forecasts
- 70-75% Accuracy AI
- AI system ingests over 1 billion data points daily and analyzes over 1,000 features
- Subscription model creates recurring revenue stream
“We are very excited to engage with CryptoBuddy, an AI solution that is helping novices and intermediate traders cut through the noise and generate a consistent and significant alpha,” said TechX CEO Peter Green. “With more and more retail investors turning their attention towards bitcoin trading, easy-to-navigate solutions that offer predictive, accurate analytics are essential. CryptoBuddy has the potential to provide crypto traders with a competitive edge, while bringing in a recurring revenue stream that will increase along with the market’s appetite for crypto.”
Readers are cautioned that the LOI entered into with Cryptobuddy does not set forth the terms of the proposed transaction, nor have such terms been finalized. Completion of the proposed transaction is subject to a number of conditions, including, not limited to, completion of due diligence, negotiation of definitive documentation and the receipt of any required regulatory approvals. The proposed transaction cannot be completed until these conditions are satisfied and there can be no assurance that the proposed transaction will be completed at all.