The past few years have seen a tremendous increase in the cryptocurrency market. The trading of crypto happens round the clock. It makes it hard for traders to react to the price. That is where the trading bots are used. You must have heard about the Insider Protocol’s brand new cryptocurrency trading system. If not, we will tell you in brief.
But before that, let’s learn a bit about cryptocurrency trading bots.
The cryptocurrency trading bot is an automatic trading system that works on behalf of the trader or investor. The bots consider information like current accounts and the volatility levels and work accordingly. Basically, they make the process of investing and making crypto trading simpler.
The trading bots are considered better than humans, as the humans make few errors. These play a very significant role by seeing the market fluctuation of cryptocurrency. The bots offer many services like risk prediction, data analysis, buying or selling the currency, and many more.
Altas Dex Swap solution has launched the anonymity-centered crypto swapping tool. The tool was launched on 1 June 2021. It is said that the Mechanism of the Future from the Insider Protocol project has been working on it lately.
The tool is primarily designed to exchange swapping services. The services allow the users to exchange cryptocurrency for another in a completely decentralized manner without leaving their blockchain wallet. The swapping solution effortlessly swaps the current currency for any value-driven asset or coins.
Altas Dex Swap works on the swapping services. But it has added more benefits that make it more efficient than other similar solutions on the internet today. The Future Mechanics team has announced Atlas Dex as a fully decentralized exchange service. The development team wanted it to implement data protection protocols and zero-knowledge concepts. Moreover, no registration is required, KYC, and only anonymity-oriented service with enhanced functionality.
The insider Protocol is the new crypto trading ecosystem that has brought the concept of trading bots into reality. The Insider Protocol is developed by “ The Mechanism of the Future.” It is a new crypto trading platform. This trading ecosystem provides utmost anonymity and zero possibilities for tracking any transactions of its user. It is said to be the future of cryptocurrency.
The platform has an easy path for people to generate passive incomes from different trading pools through their intelligent trading bots. Besides this, the team is developing its blockchain system based on the Mimblewimble (MW) protocol. The Insider Protocol trading bot combines and uses different algorithms and works on high frequency and positional trading. Also, the algorithms implement themselves in layering trading techniques to increase efficiency.
The blockchain system is under development; meanwhile, the platform temporarily uses the ERC20 protocol. Apart from this, the trading techniques were banned for ordinary people after the financial realms suffered the loss. But as soon as the Insider Protocol comes in handy, they will leave everything to their artificial intelligent trading bots.
Jac Tao, CEO of the largest cryptocurrency, Phemex, stated, “ Trading bots can be extremely convenient for newer users to get started with trading, but they do have limitations. Learning about how trading works, the project involved, and where the value lies is part of becoming a better trader, and throughout Learn and Earn and Earn Crypto services, we are trying to incentivize more users to learn the ropes.”
Option X Algorithm is the major algorithm for institutional traders. The Option X algorithm works mystically. Placing successive orders to buy and sell assets for trading on exchanges.
However, the real purpose is not to buy or sell assets. This only creates a positive impression of the asset in question in the eyes of other traders. Once traders are convinced that the asset is in high demand, they are forced to place their orders to buy. The trading bot raised the purchase price to a certain level to make a significant profit back then. And when a merchant places an order, it becomes a bot order.
Eventually, the algorithm has proved to be useful. Also, the system can rectify the money management and risk management module of the Option X Algorithm. The system is built in such a way that it can minimize losses. By this sometimes one gets zero profit for some days. But it covers the losses and increases the profit automatically.
The Insider Protocol project aims to create a completely decentralized blockchain system with natural assets called IPro. It offers consumers a platform that promises to generate passive income with their trading cards. In addition, The Mechanics of the Future is already working on several projects, including an alternative to LocalCryptos, which is entirely anonymous and requires no registration or KYC. Remember, before investing in cryptocurrency, you must know the cryptocurrency terms.
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An explorer who takes risks and learns from her mistakes. An aspirational content writer, studying social work. Kajal loves trying her hands in different crafts.