BalanceAI — Weekly Report

Balance AI
3 min readMar 24, 2024

Weekly Report — March 24, 2024


Welcome to our weekly update, a summary of the most recent progress and achievements in our project. To access the previous update, please click on the following link: Weekly Report — March 17, 2024

Let’s examine the main highlights from the previous week:

1. Balance TA Model — Upgrade

We have upgraded feeds for our Balance Technical Analysis Al Model. We can now truck Defi coins (Uniswap v3 pools on ETH).

$BAI can be analysed using our TA Bot.

2. Research on Autonomous Agents

We have conducted several Proof Of Concept(s) utilizing most promising libraries. We have created POSs using the following Agent frameworks:

AutoGPT is a generalist agent, meaning it is not designed with a specific task in mind. Instead, it is designed to be able to execute a wide range of tasks across many disciplines, as long as it can be done on a computer.

BabyAGI is an example of an AI-powered task management system. The system uses OpenAI and vector databases such as Chroma or Weaviate to create, prioritize, and execute tasks. The main idea behind this system is that it creates tasks based on the result of previous tasks and a predefined objective. The script then uses OpenAI’s natural language processing (NLP) capabilities to create new tasks based on the objective

Framework for orchestrating role-playing, autonomous AI agents. By fostering collaborative intelligence, CrewAI empowers agents to work together seamlessly, tackling complex tasks.

We have utilized CrewAI framework to build a simulation of financial analysts team using AI agents.

More information can be found in our article:

3. Finalizing work on documentation

At present, we’re deeply engaged in the meticulous process of documentation. Our focus lies in organizing, detailing, and clarifying vital information that underpins our project. With a keen eye for accuracy and clarity, we strive to ensure that our documentation serves as a reliable reference point for our team members and stakeholders alike. Through this concerted effort, we aim to streamline workflows, enhance communication, and fortify the foundation upon which our endeavors rest.

4. Audit

The codebase has been upgraded to the latest stable version of Substrate.

We are working with the auditor on the settings of the latest version of substrate and initializing the audit.

5. We are in the final phase of tests of staking and validation on v0 AlphaBalance Testnet

Tests underway on AlphaBalance Testnet v0. Upgraded the codebase to latest stable release of Substrate.

To stay updated with our latest news and developments, be sure to follow us on our official channels.

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Balance AI

We created BALANCE DAO to build and develop a safe crypto space.