VeroxAI Progress Update, April 2021

Getting ready for the next steps, in the way to conquering the summit

We would like to publish a progress update about our recent developments, achievements, and milestones ahead in the VeroxAI roadmap. Since our inception we have seen and adapted to extremely fast growth.

In a short time, we’ve managed to recruit an excellent management and operation team, developed innovative features and secured listings across several exchanges. In addition, the Verox project received accolades across media, news and review sites, and managed to sign several notable partnerships. Most importantly, we gathered a great community of early adopters: supporters and investors.

Early Beginnings:

As you all may know, Verox was founded in Q4 of 2020. The vision was to create an AI-based ecosystem that creates value through the provision of data and guidance to users who seek investment opportunities and in doing so, foster the adoption of the crypto and DeFi future. We understood this was an ambitious goal and began recruiting a team to optimize the development for our AI-based investment platform. The goal to solve the challenges every investor and trader faces. Specifically, how time-consuming the process of combing through the hundreds of coins to invest in and the fear of choosing the wrong one.

Partnerships:

We have partnered with some top names such as Flexe.io, ReBlock Digital, and Financial Professional (FinPro). All of these have been strategic to help further our goal of mass adoption for VeroxAI; fueling in the new age for crypto and DeFi.

Infrastructure Development:

Since December of last year, the Verox development team has been working on the development of our technology infrastructure. We have developed the AI and machine learning algorithms and testing phase of these have already been completed.

Testing of the AI algorithms: SandBox environment results from the algorithm in real-time were performed as shown previously and have had excellent results i.e., accuracy fluctuation between 85% to 93%.

Development and deployment of the VeroxAI App Back-end on AWS:

Despite the restrictions due to the situation surrounding the global Covid-19 pandemic, the members of the Verox AI dev team working remotely have produced an excellent backend infrastructure. A screenshot of the AWS console where we successfully deployed and tested the VeroxAI app’s backend is pasted below.

Developments of the Front-end:

While the back-end has already been fully completed, a significant amount of work is also executed on the front-end. As they say, the front-end is the face of any project. With this said, it was not up to expectations of the leadership team and we have decided to adopt a fresh look to the UI/UX. The objective being to enhance the user experience and interface elegance, providing the best quality-focused product.

Launching VeroxAI:

We expect this new front-end phase of the VeroxAI App to be completed within few weeks. (Specific date will be communicated across the official Twitter at a suitable time). The VeroxAI dev team will also include new features that were initially slated to be introduced via updates. In addition, to increase the community confidence, trust and transparency the VeroxAI dev team is preparing a video introducing themselves face to face, discussing the progress and reason for delay in more detail.

Lastly, a closing message from our Project Manager- Nikhil Teltumbade:

“These last few months have been great for VeroxAI. I am thankful to the entire VeroxAI team, advisory board, partners, and backers who have supported this project since its inception. Together, we are all working towards making the VeroxAI vision a reality.”

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