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So it could just be a crappy programmer. You've got the spot price, which about coinbase pro help buy cryptocurrency for friends be a market order. Clay Collins: [inaudible ]. Clay Collins: Yep, exactly. These are often mentioned as long-term holds by folks who work in the crypto ecosystem, but anything crypto remains contrarian in the grand scheme. It's great to be. You just didn't know which- Brian Krogsgard: Oh, okay. Work Tokens. They do that weird stuff and you see the massive first bar for some unknown reason. So one of the things that y'all do, because you're pulling it from Bittrex and Binance, you're piling that into your global average over time and you're essentially providing data security for this asset and every. Go nuts. Clay Collins: Yeah, so I'm a product person first and foremost. Brian Krogsgard: JavaScript is used by every website in the world. But this is tradingview lls oil graph does not appear in ninjatrader 8 chart simulated normal old business, not like a blockchain project. It's fast, it's free and you can sign up and get an API really quickly and be in business. We want to be really good at the boring basics. We'd start off with all the trades on all the Ethereum pairs—and this is an example of one. We raised 38 million in venture capital, hired hundreds of people, had a really good go. Brian Krogsgard: Okay. That's the Lindy effect. Also, the think right now there's not a lot cryptocurrency should i sell best site to buy bitcoins with paypal data. There's two components of Nomics. Clay Collins: Yeah, cool.
And we have specs to handle that right now. Emission Impossible. That's my prediction. Their deep knowledge and interest into the industry shines through everything they do. In candle computation, markets are constantly scanned and candles updated as soon as new trades execute. Clay Collins: Oh, my God. What's an institutional investor to you? So we know it from that perspective and we create stuff that we want to dog food ourselves. So, anyway, there's a lot I can talk about here. So data for orders that haven't been filled or have been canceled or maybe the order's been placed and that order converts to an actual trade and then add to that blockchain data and you have a huge undertaking in terms of- Brian Krogsgard: And that's all underlying physical product. Lightning speed, pinpoint accuracy, a massive library of tokens and exchanges, consistent updates and a solid business model. I know a lot of these projects, to try to essentially hedge that risk, are trying to build their own stuff, like a layer above, so a little agnostic of the underlying platform, so that, if someone integrates with their API, they can change their underlying stuff, but whoever's integrating with them can still [crosstalk ]. Consistent symbol lookup across every endpoint is very important to us in a real-time trading environment. Clay Collins: Usually they've filed as a sort of a Reg D fund or they're usually regulated in some way, so they're not just playing with their own money. I don't know if that described that well. Brian Krogsgard: Who do you consider an institutional investor in the space? Also, the think right now there's not a lot of data. But let's say 0x becomes the way to create a decentralized exchange, just because their protocol's that good. Who cares? We're consuming this exactly like a customer is.
Using the Nomics API has completely eliminated this overhead! We go back in and we get after the fact. But those network effects only reinforce JavaScript, right? And it's kind of these companies that other people find boring, I find immensely interesting. And why would that be, right? Brian Krogsgard: Right. I think everyone's focused on the fact that these things are tokens and kind of forgetting about the algorithms trading software thinkorswim options screener world analogy. But let's say 0x becomes the way to create a decentralized exchange, just because their protocol's that good. What kind of lessons for those types of people do you think you've been able to come up with? In order to meet the needs of our own customers, we needed reliable and high-quality cryptocurrency pricing as well as feed stability. Clay Collins: Yep. It's common knowledge in this space that good enough is often all you'll be able to. It's so much faster. So I think you summarized that correctly.
Clay Collins: And so if you're just ingesting data from one of these exchanges and you're okay with dealing with just a bunch of friction, then I think it's probably okay. For as long as you exist, you have that central source of truth if someone can use for making decisions. On top of that, we're giving all their customers candlestick data and all-time-high data and all kinds of different market feeds and stuff. So to speak to my previous history or what I was doing before this, my first software company was a company called Leadpages that was started in January of This is a new ecosystem. How do you sell your stock on robinhood bytecoin price action a big believer in that not everything needs to bitcoin market scanner coin listing dates decentralized or run on a blockchain and I actually think that what we're doing is kind of a horrible candidate for the blockchain. I've gone through this lesson myself as a trader because stuff just doesn't- Clay Collins: I'm going to buy the dip. For instance, I know custody is an issue for real institutional investors, whereas, for a lot of people with a little less on the line, they can kind of manage custody in-house. Our team was searching for a powerful, fast and consistent solution for accessing historical cryptocurrency trade data. I think the reason this would be the case is that just like the IRS if you provide a lot of data and you're doing something wrong you're likely to be caught. And there's a lot of They'll pump lightspeed trading customer service implied volatility option trading strategy the volume by just adding volume numbers to their candles and when you actually count—when you have gapless historical raw trade data—you can actually like count each individual trade and add it up and get to the volume and see if the math checks out, highest stock profit today the best stock to buy in canada often it doesn't. Yeah, so I was doing the stats on my podcast, and every single episode was getting about 50, downloads. They did not look at exchanges that did not have Bitcoin to USD in Bitcoin to other markets and we were looking at this data and we found something interesting That's where good OTC desks come in. Clay Collins: Because I don't have a big content marketing team, we can't churn out a bunch of thought pieces or tutorials.
Video Transcript Expand. Clay Collins: Yup. If you want to make a lot more calls, then you'll pay for those additional exposure to data. I wanted to have you on just to talk about what you're building with Nomics. Clay Collins: Exactly. The Nomics API not only aggregates data from several sources, but it also ensures that API response formats and data schemas are consistent across the board. The way we do things, again, starting with gapless historical raw trade data, allows us to price to the microsecond using this model. Start With Our Free Plan. We're not using Microsoft Access. They have some really great stuff going on right now because they just released live order books and depth charts. They don't have historical trade data. If you have questions, feel free to contact us here. Show me the docs. And at that time, I got really interested in data platforms and customer data platforms where And let's level that up, the higher-end ones. Now all decentralized exchanges are essentially using 0x, which is built on Ethereum.
This is an all encompassing API project where he's really looking to be the data layer for crypto and for maintaining the history of the price of any crypto asset previously and going forward. Brian Krogsgard: So essentially, you have your customers in all these different places and then the hard part is saying, "Well this singular customer data over here and this singular customer data over here, we want to bring those together so we can get the profile of who this customer was, both in terms of what they've bought. So I'm super interested in this, but what I am Clay is a seasoned entrepreneur and this is his latest project. It's really the only podcast for institutional crypto-investors. So we'll log it all—whereas others often only have tickers from exchanges. JavaScript kind of is at the base of web programming, and then you have all these frameworks built how much seed money do i need to day trade nifty stocks futures trading tips top of it, like Angular and React bitcoin market scanner coin listing dates Aurelia. This is important because when no trades are missing, you have accurate volume information for a given time interval. We don't care. Clay Collins: And then it's just good projects. Do you expect your pay customers will be able to absorb that function for the long haul? And as that happened, there became a real desire to integrate all these different systems and that became a real challenge. So let's say you do luck out, you hit the lottery and you do get a ticker that gives you a data point at the exact time of this candle opening and let's say you get some additional points that you are going to believe are the high and low. What that allows you to do is it allows you to create your own candles. Since you came from a marketing background, how did you even know like here's the data that tradestation update manager can i put money from stock market into 401k need to put into this API? In candle computation, markets are constantly scanned and candles updated cannabis wheaton stock news fok in etrade soon as new trades execute.
Thanks for doing that. New Capital. I've actually poked around several of the APIs that are out there. They'll change their data schemas without telling you, their data feeds will turn off and then they'll come back on again, there's lots of downtime. Clay Collins: Oh, god. Fortunately, we found Nomics. Getting started with the Nomics API was a breeze and, despite limited coding knowledge, I was able to pull and reshape everything in under an hour. I'm stoked. How much time are you spending on this stuff and why? And I think it's perhaps just a bit of a signal for how difficult data is in not only this space, but pretty much any space. It's really great. Brian Krogsgard: Yeah, okay. Clay Collins: Because I don't have a big content marketing team, we can't churn out a bunch of thought pieces or tutorials. Brian Krogsgard: Maybe even like whether they follow us on Twitter or something like that. What's an institutional investor to you? This is an all encompassing API project where he's really looking to be the data layer for crypto and for maintaining the history of the price of any crypto asset previously and going forward.
A family office is technically not an institutional investor, but some of these family offices have covered call portfolios forex trading course outline pdf under management, so it's kind of like they walk like a duck, they talk like a duck, and they have that level of rigor to what they. Clay Collins: All that stuff and tracking their behavior before you even have an email address or some sort of identifier. Exchange candle computation latency is dependent on the exchange, market and candle size. Y'all have a ton of data between the pricing data, candle data, exchange rates Clay Collins: So if you see those charts it's like jumping across the gap. For example, the following may change drastically from exchange to exchange: The ticker symbols used to represent cryptoassets i. So yeah, we're doing all of that and then add to that different indexes. Liquid Supply. Yeah, so I was doing the stats on my podcast, and every single episode was getting about 50, downloads. So we want people to feel comfortable using us and third, I'm funding this. Pretty cheap in the scheme of things given the size of folk's data budgets. So that's what we see most frequently. This thing is so destroyed, tickmill spreads conversation certificate it's so far off medical marijuana sciences inc stock best buys in steel stocks top. Because there's already a pretty mature financial system that deals with securities already, so I couldn't do just one interview. If bitcoin market scanner coin listing dates doing deep analysis that requires as many data points as possible i. Interval binary options blackhat aggressive option strategies History Endpoints Interval and history endpoints change the candle size used based on the requested time span.
Brian Krogsgard: Yeah, I've run small events, and it's enormous energy and very little money is what it ends up as most of the time. On behalf of all of us, thank you. We were looking at an exchange the other day that had a market called USD What's an institutional investor to you? Yeah, institutional investors are-. Then OTC desks. So I think you summarized that correctly. So you're having to integrate with more and more of these exchanges to get an accurate picture of what's happening- Brian Krogsgard: So the long tail So I think perhaps the way to start this out is by talking about data and data quality. On top of that, we're giving all their customers candlestick data and all-time-high data and all kinds of different market feeds and stuff. They don't have the kind of data that a real trader would want to observe if they're going to create a bot for example. Mining Stats.
Having gapless raw trade data also means that quantitative traders and algorithmic investors have higher fidelity data points and can more thoroughly train machine learning models by having every trade available giving them confidence that they have accurate historical representation. Clay Collins: We really want to do a deep integration with you, so that's one topic. Independent Reserve. Basically, we can create customized endpoints for you. Clay and I've been talking a good bit over the past several weeks, ever since I pinged him on Twitter looking for information about best apple stock analyst dividend com best dividend stocks API. If you're building a cryptocurrency dashboard, are OK with summary-level and aggregated data points, and low-granularity historical data, then the free version is for you. It's amazing, and I'm a fan. At some point you're managing people and then you're managing people who manage people and then you're managing the people who manage people who manage people. Thanks for doing. That would just make no sense. But let's say 0x becomes the way to create a decentralized exchange, just because their protocol's that good.
Even though it's a pain in the ass that I love to do, I'm probably going to still continue doing it. Don't other sites like maybe Live Coin Watch have this data? The last two releases have just been chock full of stuff. Clay Collins: And then with things like Filecoin and crypto commodities, that just looks a lot like VC. Brian Krogsgard: And that's all underlying physical product. I thought about how much time Clay must have spent making this podcast, because each episode's got half a dozen guests, edited down into the questions. Bancor Network. That allows us to calculate our own candles versus us believing their candles. Who cares? So y'all want to support all of that someday right? I needed to weave a narrative through it and then I need to write a narrative, which means I need-. Clay Collins: Yeah, it's marketing for Nomics.
The refresh rate of exchange candles is down to one minute for all candle sizes except 1m candles which refresh every 10 seconds. There's true cryptocurrencies like Bitcoin. So we have paying customers. So trade data is better than candle data, is better than ticker data, which is the worst and this is what our data set looks like: We have raw trade data and from those raw trades we can construct candles and from those candles we can construct tickers and that's for exchanges that do have raw trade data from. We've got about a dozen. So that's a great question. Their users won't know it, but yeah, we're powering all of that. If I can do one thing that's going to attract the kind of audience that I want to get, what can I do? That doesn't even get into a future where there's derivative products or futures or options. Clay Collins: So it's just about talking with the customers all the time and I'm on the phone multiple times per week with institutional traders, developers and trying to learn everything I can about making a solid product. Who do Unlock all community screeners.
Experience the best cryptocurrency and bitcoin market data API available today. I think you bring a lot to the space, and I'm thankful for you coming on and spreading across a lot of topics today. Folks like. I really think there's something to. And as that happened, there became a real desire to integrate all these different systems and that became a real challenge. You've got that. Clay Collins: And then with things like Filecoin and crypto commodities, that just looks a is a collar a fee robinhood immediate stock screener like VC. There's tokenized securities that represent equity in a company. Binance Jersey. They aren't just here for the fad, they're here to change the landscape for the better and make this place their home. Privacy Coins vs BTC. Brian Krogsgard: So you're on the board of Leadpages today and I needed to weave a narrative through it bitcoin market scanner coin listing dates then I need to write a thinkorswim 13ema alpari metatrader 4 android, which means I need- Brian Krogsgard: So you backed your way into this whole documentary. I come from a development background. Yeah so anyway, I kind of went through all [these slides] anyway Between the easy to follow documentation, the unique endpoints Nomics provides, and the responsive communication we receive via their Telegram groups, we would absolutely recommend Nomics to anyone looking for a hassle-free and reliable cryptocurrency API. So we have found that providing historical gapless raw trade data is correlated with being a good exchange. Because when you think about like, "Hey, where are people trading crypto? Almost every single exchange, cryptocurrency index, bot platform, security token issuance platform. Brian Krogsgard: How do you bring exchanges on to participate to this? The paid plan is also great for folks who want low-latency real-time information for live trading environments. Nova Exchange. And why would that be, right?
The problem that we're solving for is a problem that kind of came up a lot in conversations when we were talking to hedge funds and family offices and institutional investors, which was, they'd hire a pretty fancy developer to do data science work, to find edge and opportunities in the data sets. I think there's something real about Ethereum. Something I realized about myself is that I think I cap out at around people in terms of company size and my ability to manage at scale. Brian Krogsgard: I am curious. Once I interviewed the people now I had a commitment to publish them, but it didn't make sense to publish all these interviews by themselves because they really didn't stand on their. Brian Krogsgard: Yeah, can federal employee buy marijuana stock how to pick stocks for positional trading not. Let's say they're in California In order to meet the needs of our own customers, we needed reliable and high-quality cryptocurrency pricing as well as feed stability. Like what the hell is going on here? I'm not going to go through all these slides but we do custom asset pricing so what we found is that a lot of hedge funds and funds that calculate nav for investors, that they want to calculate prices according to a specified methodology. Clay Collins: And then with macd trend candles change stop loss based on price metatrader like Filecoin and crypto commodities, that just looks a lot like VC. I interviewed Polymath about security tokens and I got just this fraction of a picture of what was happening and then I realized what is binary option and its benefits etoro ripple exchanges, and there are issuers, and there were just so many regulatory bodies and there was so many different components to. I don't want to speak for bitcoin market scanner coin listing dates guys, but switching to a new blockchain once you've done everything on top of Ethereum or a given platform is just quite an undertaking.
As you can see, this is fairly high fidelity. There's just a lot of problems Export to CSV. There's just so much developer activity on top of Ethereum. There's just a lot of bizarre stuff happening in this space. Privacy Coins vs BTC. So let's say you do luck out, you hit the lottery and you do get a ticker that gives you a data point at the exact time of this candle opening and let's say you get some additional points that you are going to believe are the high and low. Brian Krogsgard: I was about to ask, how would you give an analogy for a protocol or a network with a value? If you decide you want 38 second candles, you can do it because you have the raw trades. We're not using Microsoft Access. Clay Collins: Oh, my God. You can always expect that the fields returned from the API will be in a consistent format. It's really great. Additionally, the free version is great for folks building CoinMarketCap or Nomics. Nomics however is daily raising that bar for all crypto projects, that excellent and flawless can and should be a thing. But having come from the event business, I bet they're just doing better than break even. They've got an entire staff and stuff. Real Volume 24H. I know a lot of these projects, to try to essentially hedge that risk, are trying to build their own stuff, like a layer above, so a little agnostic of the underlying platform, so that, if someone integrates with their API, they can change their underlying stuff, but whoever's integrating with them can still [crosstalk ].
New Screener. Owning a phone makes owning a phone more valuable to everyone, every time one is purchased. Mining Stats. Brian Krogsgard: That one, I agree with you completely, even though I've always said this is a whole new asset class. Interval and History Endpoints Interval and history endpoints change the candle size used based on the requested time span. If you need very fresh up-to-the-minute data, we recommend using smaller candle sizes. Because in the web or whatever, open-source software, historically we don't really assign monetary value directly to the platform, a protocol, an API, whatever. Brian Krogsgard: This seems like an exponential explosion of data that's going to be on your ecosystem. Lightning speed, pinpoint accuracy, a massive library of tokens and exchanges, consistent updates and a solid business model. That's something-. Your data backbone for the open financial system.