Over the years there has been the issue of either holding cryptocurrency or actively engaging in the trading of crypto-assets. This has always been the case with beginners, as they often get confused as to what they would do with their crypto coins. Holding on to the crypto coins, sometimes may seem to be the best option, since many of them lack knowledge of the market, so they simply want to wait for the right moment to trade. However, always waiting for the right time will not always work in one’s advantage, it can sometimes take too long and it makes holders not to maximize the power of their crypto. Meanwhile, trading cryptocurrencies, may be the best way to grow crypto assets, if the individual knows how to trade skillfully, because that is what it takes to succeed in crypto trading. But what if an individual lacks the skill and knowledge required to trade, but still does not want to hold his/her crypto assets for long, while waiting for the right time and wants to be active in trading?
LUCRE TOKEN is the trading platform that is automated and makes it possible for anyone, including those with zero or limited experience to trade easily, hassle-freely and accrue profit. Since holding a cryptocurrency is not the best way to make profit, the LUCRE trading algorithm tries to outperform the performance of just holding the cryptocurrency. Moreover, the great appeal of the project is the ability to generate revenues in all market conditions, buying and selling at every opportunity, additionally when the crypto market seems to be going south, the LUCRE algorithm attempts to make profit by shorting it. The platform does not speculate for its users, rather it gives trading incentive based on statistical analysis of data from last 5 years. The value of an individual’s net asset is backed by the performance of an algorithmic cryptocurrency trading with real funds. All holdings of personal assets are fully transparent.
The LUCRE token has certain major components that makes it a unique platform, which are:
• A signal service that allows the platform to receive trading signals which are 75% accurate and gives traders a heads up on what to do with their coins.
• A fully automated trading system that allows to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.
• A trading pool where all tokens are deposited and managed by LUCRE’s unique algorithm and trading team
The developing team, have 8 years of algorithmic trading experience, and the strategy they have come up with, utilizes complex quantitative models and algorithms. Operating on the blockchain allows for global accessibility of the platform, uninterrupted trading, transparency and a public verification of LUCRE’s trading performance. Since the formulated algorithm runs automatically on a trading platform, an individual does not necessarily need a special skill to carry out trading activities.
Furthermore, once the trading rules have been established, the algorithm tends to monitor the market 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 the event that the trade moves against the trader, these instant order entries that are set will help in distinguishing the difference between a small loss and a catastrophic one. The trading algorithm will be taking long and short positions and bet in both bull and bear markets, thus diversifying and optimizing the portfolio performance of each user.The trading process of the platform is illustrated below;
There are certain advantages that results from allowing the algorithm perform trading activities for each user:
The algorithm gives users the ability to carry out a Back-test in order to ascertain the viability of a trading idea, and determine the system’s expectancy likewise the average amount that a trader can expect to win or lose per unit of risk.
It helps to preserve discipline since the trade rules are established and trade execution is performed automatically.
The automated trading systems helps in minimizing emotions throughout the trading process. Since the trade orders are executed automatically once the trade rules have been met, traders will not be able to hesitate or question the trade. It will also help users who are always second guessing about pulling the trigger.
It ensures consistency, because sometimes even if a trading has the potential to be profitable, traders who ignore the rules may alter the intended profits of the trade. That is why the automated algorithm will help in achieving a consistent profit margin for each user by following the outlined rules of the trade.
Getting in or out of a trade few seconds earlier can make a big difference in the trade’s outcome. However, the automated systems are able to generate orders as soon as trade criteria are met. Hence, as soon as a position is entered, all other orders are automatically generated.
Since the market is open 24/7 it is almost humanly impossible to trade every entry signal round the clock manually.
REASONS TO PARTICIPATE IN LUCRE TOKEN SALE
Participants who make contributions to the development of the platform will receive LCR tokens that will provide them with premium membership and limited access passes to the service. Users who have the token in their possession will earn money by either selling it to a new participant or so. Those who partake in the token sale will not be required to contribute extra funds because they can profit from initial participation with the benefits of the algorithm, they can equally use their funds to make additional trades guided by LUCRE trading signals and increase their profitability by choosing or combining either of the following:
- Use the signals for trading, where they will receive buy/sell signals for cryptocurrencies that they can use for manual trading with their stock-broker.
- They can also use some of their fiat funds with the LUCRE Auto-trading service, with all the benefits going directly to the participant’s wallet.
- Joining in the sale event will help users receive a percentage of benefit, proportional to initial contribution made by the algorithm on the trading pool.
As the algorithm keeps doing well it will increase the worth of the token and interest of more participants in buying the LUCRE token, hence accruing more profit for token holders as they will sell to new participants. For every trade executed by the LUCRE algorithm, a signal is sent out to every participant who has contributed more than 1ETH during the token sale. These signals can be used on Metatrader terminals offered by CFD crypto brokers and in the future will be available for crypto exchanges as well.
The number of tokens possessed determines the accessibility of a user on the platform. Users who did not participate in the token sale but want to be receiving signals or utilize the Autotrading, will have to buy tokens from the original participants. The smart contracts established on the platform are in compliance with the ERC20 token standard and can be used from any compatible Ethereum wallet. Participants should keep in mind that there is risk of loss if they buy tokens using an exchange, since exchanges do not provide the ability to interact with crowdsales overall. The smart contract has a two-tier control functionality which gives two controlling wallets different levels of authority. The trading is 100% automated and a full list of brokers utilized will be available on the website when trading begins together with other exchange platforms.
TOKEN DETAILS AND DISTRIBUTION
Token symbol = LCR
Full Token name = LCR token
Total supply = 12,500,000 LUCRE tokens
Pre-ICO price = 1 LCR = 0.77 USD
ICO Price = 1 LCR = 1 USD
Minimum investment = 0.1 ETH
Platform = Ethereum
Hard cap = fixed, $7,000,000
Soft cap = $2,000,000
The funds generated from the ICO will be distributed as illustrated below;
CONCLUSION
The LUCRE platform is in its Alpha stage and ready to set a new standard for cryptocurrency participation. It aims to alter the tendency to HODl the crypto assets which eventually yield no profits for its owner and creates an algorithm that tries to yield profits for its owners even when the market is going south. Possession of the LCR tokens gives access to the high performing trading Algorithm which lead to more profit. The automated trading system is based on statistical analysis of data from the BitCoin trading market during the last 5 years. Since it is a 100% automated trading system, it will leverage users with many advantages. The daily performance calculations will take place and be posted on the LUCRE dashboard. There are numerous benefits attached to participation in the token sale. Apart from the profits gained through sales of the token, certain features will be unlocked to a user to perform various activities in the crypto-market. This new innovation is truly unique and gives added advantage to cryto-investors who are very much concerned with trading.
For more information about LUCRE token please endeavor to visit;
Website: https://www.lucretoken.com
Whitepaper: https://lucretoken.com/docs/Lucre_Whitepaper_EN.pdf
Medum: https://medium.com/@LucreToken
Twitter: https://twitter.com/LucreToken
Face book: https://www.facebook.com/lucreToken/
Github: https://github.com/LucreToken
Published by: Cryptowin1
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2068163