Alphr Finance — Automated Trading Alpha
Improve your trading by following the best
Trading cryptocurrencies isn’t easy. How many newcomers to the market have visions of ‘crushing it’ and riding a Lambo to the moon, only to go broke? The cryptocurrency market moves at lightning speed and doesn’t take weekends off like Wall Street. You’re engaged in financial combat with others and psychological warfare with yourself. Even with a solid strategy, profitable trading is a rare skill as most traders lose money.
The main reason so few succeed is that emotions drive trading decisions. Panic-selling bottoms and panic-buying tops is all too common. Even legacy markets recognize this and have provided people with ways to copy successful stock traders.
Mirror Trading Improves Results
In 2012, social trading platform eToro collaborated with Dr. Yaniv Altshuler of MIT to conduct a study on guided copying of trades. The study found that traders who copied a “social guru trader” improved their performance by 6%-10%. Dr. Altshuler concluded that being able to share ideas and information gives users the ability to enhance their returns. Instead of playing against each other, people can form teams to take on the “market.”
So all you have to do is find a good trader to follow and mirror their trades, right? Unfortunately there are still problems:
- You can only follow those who choose to share their trades, and some might charge a high fee for access.
- You don’t have custody of your wallet or funds because you have to keep your assets on an exchange.
- Current services only support centralized exchanges.
Mirror Trading on DEXs Takes Effort
Trading on decentralized exchanges (DEXs) makes your trades visible to anybody looking at the blockchains you’re using. Large funds and different cryptocurrency services use on-chain discovery tools to track money flow and inform their strategies. There is a wealth of information out there for those that know how to find it.
If you decide to start trading on DEXs, it is possible to develop a system of some sort to mirror other traders. You might add some addresses to a watchlist, keep tabs on some Telegram groups, and set up notifications using a service like EtherDrops to alert you when your favorite wallets make a move. You then find the pair on Uniswap and buy the asset, completing the process. Your odds of executing successful trades may increase, but at what cost? Manual systems take a lot of time, effort, and coordination to pull off.
Alphr Finance Gives You Automated Alpha
Alphr Finance is a decentralized social trading platform that turns every wallet that has traded on a DEX into a social profile. Each profile shows net worth, returns, a risk score based on prior history, current tokens held, and prior trades. By following successful wallets, you’ll see a feed of their recent transactions and can use that information to form your own trading strategy.
If you want to be more active in your portfolio management, you’ll be able to scroll the transaction feeds and manually mirror trades of your choice with one click. But if you don’t have the time or energy for that, you’ll also be able to join an automated mirror pool using Alphr’s automated mirror trading (AMT). The AMT system will let you copy any wallet, mirroring every trade they perform. All you have to do is deposit funds into a smart contract pool, and the routing smart contract handles the rest. It’s like having your own wealth management service for a fraction of the price.
You Get Extra Rewards For Success
It might seem like Alphr is only rewarding inexperienced traders by allowing them to blindly follow people that put in the time and effort to beat the market, but that’s not the case. Every time one of your trades is copied, you earn ALPHR tokens. So, if you’re a successful DEX trader, not only are you getting the rewards for your labors, you’re also getting rewarded for every trader that copies you. Your transactions are already visible on-chain. You might as well use that to increase your returns for being good at what you do.
Save Gas Fees
If you’ve ever traded on Uniswap, you know the gas fees can get ridiculous. The cost gets so high it’s not even worth taking a trade. Alphr solves this by batching multiple mirror pool orders into single transactions. The gas fees for the batched transactions are then split evenly amongst the entire group. Costs are a lot more manageable when everyone in the pool is splitting the bill.
Attractive Tokenomics And Low Fees
Alphr has a great plan for ensuring rewards for the users and the developers. For the users, there is a 0.2% fee on all transactions, but 100% of the value transfers back to the community:
- 75% of the fees are used to buy and burn ALPHR tokens.
- 25% of the fees are transferred to the token holder-controlled community development fund.
For developers, the platform charges a 10% performance fee that goes back to the team. This fee is only taken from the profits of the users and only when withdrawn. Your deposited principal remains untouched. The money saved on gas fees alone will easily cover this, and it’s worth it to make sure the project continues to update and improve.
While the ALPHR emission schedule represents high inflation of around 200% in the first year, the total supply for ALPHR tokens is only 10 million, so buybacks and burns will help to maintain the value.
Invest Now in Alphr Finance ($ALPHR):
- Easy to use platform with active or passive trading that mirrors the most successful wallets.
- Successful traders get rewarded for every trade copied.
- 100% of transaction fees are used to transfer value back to token holders.
- Attractive tokenomics — only 10 million total supply and will have periodic buybacks and burns.
- The low barrier to entry and intuitive user interface will help to bring in a broad user base.
Navigating the crypto landscape can feel like you’re trying to swim through murky waters, with unseen things trying to pull you down and steal your money. Making profitable moves while you’re trying to stay afloat can seem impossible. Let Alphr Finance be your guide to success. Using their platform, you’ll be able to ride on the backs of whales to financial freedom.
Written by Jason Lee
About Alphr Finance
Alphr is a decentralized social trading platform enabling users to trade with the alpha of the most successful investors in crypto. They’re looking to democratize crypto investing through use of an automated mirror trading system easy enough for anyone to utilize.
Find out more at:
Website: Alphr.Finance
Telegram: @AlphrFinance
Twitter: @AlphrFinance
Medium:@Alphr-Finance
Discord: Alphr
About Grow Events
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