Avorak AI begins Beta testing of Bitcoin trading algo
Many traders have found the past year incredibly difficult to make profits. With the market seemingly on an endless downtrend and only insignificant bounces being witnessed, it’s easy to understand why some people may require help in order to generate an income from trading.
One of the newest ways traders find themselves being considerably more successful is by enlisting the assistance of sophisticated algorithms and self-learning machines. These machines can make all the same decisions and analyses that traders can, except they can do it 10,000 times faster. This means adjusting market reactions to news and finding entry points on low time frames is considerably easier.
In addition to this, trading algorithms that work solely on technical analysis can remove the hindrance of human emotion from the equation allowing traders to enter when the market looks the most fearful which usually results in the greatest profits.
One of the most advanced algorithms that can work with at least 18 different indicators is Avorak. This shiny new project has just begun its beta testing stage, and already the results have been astounding. Using only the Bitcoin/USDT pair, some traders using 10x leverage have already generated 100% profits.
Currently, the project is in the ICO stage, and if they can prove their product is already market-leading by the time the token comes to launch, this could result in very bullish price action.
Avorak works by making thousands of simulated trades to analyze which of the indicators works best on a particular asset. It will then use these indicators to make trades or suggest trades on behalf of the trader. With Bitcoin having the biggest daily volume of all crypto assets, it is no surprise that Avorak released the Bitcoin pair first.
Once Avorak is released to the general public, signing up will be incredibly simple. Simply purchasing the AVRK token and depositing it into your account will generate credits based on the USD value of AVRK. Once a trade is completed, a small percentage of the profit is paid as the fee, and the trader will get to keep the rest. Any trade that does not generate profit will not be subject to a fee. This system will mean that as more traders use the Avorak system, the buying pressure on AVRK will increase, therefore directly correlating the product’s success and the token price itself.
As if this wasn’t already good enough, 49% of all fees taken are redistributed back to AVRK token holders. This creates a double use case for the token both as a method of payment for the fees and as a form of passive income or revenue return. The success of the Avorak Beta on the Bitcoin pair already shows the future potential of this project. With the Trade product set to launch to the public by the end of August, those who are getting in on the ico at this early stage may find themselves sitting well by the end of the year.
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