LUCRE is an automated algorithmic trading system based on statistical analysis of data from last 5 years (for BTCUSD). Automated trading, allow to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. Once the rules have been established, the algorithm monitors the markets to find buy or sell opportunities based on the trading strategy specifications.
Depending on the specific rules, as soon as a trade is entered, any orders for protective stop losses, trailing stops and profit targets will automatically be generated. In fast moving markets, this instantaneous order entry can mean the difference between a small loss and a catastrophic loss in the event the trade moves against the trader. There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades. Some of the advantages are listed below:
- Minimize Emotions - Automated trading systems minimize emotions throughout the trading process.
- Ability to Backtest - Backtesting applies trading rules to historical market data to determine the viability of the idea.
- Preserve Discipline - Because the trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets.
- Achieve Consistency - One of the biggest challenges in trading is to plan the trade and trade the plan.
- Improved Order Entry Speed - Since computers respond immediately to changing market conditions, automated systems are able to generate orders as soon as trade criteria are met.
- 24X7 Market - as Crypto market is open 24X7 it is almost humanly impossible to trade every entry signal round the clock manually.
LCR is a utility token which initially can only be acquired during the Token sale event which is a one off, closed cap offering. A 40% of the total crowdsale is allocated to the trading pool, and then awarded proportionally to the Token sale participants. 75% of profit generated by the algorithm will be distributed to the Token sale participants. During the time the Trading Pool has losses, participants simply receive no compensation. Profits will be paid as a quarterly fee in ETH to the participant’s assigned wallet. The other 25% will be reinvested in the Trading Pool to increase the fund capital, and consequently increase the next benefits that are generated.
LCR tokens provide premium membership and limited access passes. Once you have these tokens, you are able to earn money combining several options.
LCR is an ERC20 token based upon the Ethereum blockchain. Operating on the blockchain allows for global accessibility, 24/7 trading, transparency, public verification of LUCRE’s trading performance. The tokens value is linked directly to the underlying cryptocurrency trading performance.
A public Token sale event will be held from the 15th of Oct to the 11th of Dec 2018. LUCRE will use the Token sale contributions to trade Crypto currencies starting Q2 2019 and the coin is expected to be listed on exchange in Q2 2019.
More Information
Website: https://www.lucretoken.com
Whitepaper: https://www.lucretoken.com/docs/Lucre_WhitePaper_EN.pdf
ANN: https://bitcointalk.org/index.php?topic=4959492.0
Facebook: https://www.facebook.com/lucreToken
Twitter: https://twitter.com/LucreToken
Telegram: https://t.me/LucreToken
Author
Bakul_cacing
https://bitcointalk.org/index.php?action=profile;u=1086996
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