Cryptoassets continue steadily to attract increasing levels of investment as the planet begins to understand about the technology behind the assets. In reality, the data show the cryptocurrency market recorded 600% growth year-to-date and is worth $2.8 trillion during the time of writing. However, as large financial institutions such as for example Microstrategy and Grayscale continue steadily to invest huge amounts into cryptoassets, price volatility can also be on the increase. This increasing volatility presents difficult for amateur investors.

Mercor Finance is the very first and only example of a decentralised automated copy trading platform. Mercor aims to democratise the planet of copy trading by providing investors the capacity to invest via user-created trading strategies Best Copy Trading Platform. This grants individual investors use of similar tools which can be commonly employed by those large institutional investors. But before we dive into Mercor’s solution, let’s have a closer go through the definition of automated copy-trading and why it is the continuing future of investing, both in the crypto space, and the mainstream financial sector.

Mercor Finance: A Closer Look

An automated trading strategy is a couple of rules that determine when to purchase and sell assets. When those rules are met, orders execute. This really is defined as algorithmic trading. It has several advantages over investing manually. First, it may operate 24/7 with little downtime, allowing amateur investors to recapture probably the most value out from the 24/7 crypto asset market. Second, automated programs never deviate from the rules set in the trading strategies, theoretically making no mistakes. Finally, human emotion is never involved; a trait that is likely the cause of many to lose their entire portfolios.

Mercor allows developers to create new trading strategies and customize those rules at will via the Mercor dApp’s developer dashboard. Investors using Mercor can invest funds into those strategies via the Mercor dApp’s investor environment.

Currently, there are 60 trading strategies which can be designed for users to invest in. A number of these have already been developed by high-level developers employed in investment or software firms, ensuring that the trading strategies have expert influence.  Mercor Finance’s dApp is deployed on Binance Smart Chain. The project’s native token MRCR grants holders increased use of the Mercor platform, with respect to the quantity of MRCR they stake via the Mercor dApp.

Users purchase MRCR to invest in the most popular / highest performing algorithms. Naturally, as an individual base increases, demand for use of these algorithms increases in unison with a consequent impact on the demand for MRCR. Moreover, Mercor includes a unique staking mechanism, unseen in the DeFi space before and plans to boost the utility of MRCR further in the future.

Upon launch, the Mercor dApp greets investors with a welcome page containing links to a number of the core aspects of the protocol. Including an academic portal, along with charts displaying the recent performance of a number of the trading strategies available on the dApp. On the dApp’s sidebar, the ‘Buy MRCR’tab offers users the capacity to directly swap between BNB or BUSD and MRCR, or buy BNB with fiat. The ‘Stake MRCR’tab allows users to stake any MRCR tokens they hold to be able to get access to higher tiers of functionality on the dApp. Stakers of MRCR may also earn an annual percentage yield as high as 20%, paid in MRCR.

Extra information on the benefits of the various tiers of access and the amount of staked MRCR required to get into those tiers may be located on the ‘Tiers’page of the dApp.

Creating Algorithmic Success

The ‘algorithms’tab allows investors to get into most of the trading algorithms created on the platform and their details. Investors could see everything they need to find out to effectively manage their automated trading strategies and portfolio. Including their real-time trading history, profit or loss percentage, the assets it trades between, the developer who caused it to be and the current level of equity managed by it. The algorithms page is but among the ways Mercor demonstrates its increased exposure of transparency, a vital feature without other automated trading strategy protocols.

The users dashboard provides information on the performance of the investments, such as for example their total amount invested on Mercor, total earnings from those investments and the current value of the portfolio. Finally, Mercor‘s comprehensive educational portal, containing user manuals and other information for both investors and developers, along with their social media marketing profiles, may be accessed via the dapp’s sidebar.

When creating an algorithm, developers first give it a few key parameters like a title, the pair of assets it trades between, a quick description of how it works and some category labels. Algorithms created on Mercor are deployed as smart contracts to the BSC blockchain. After deploying a Mercor algorithm, the developer is given a secret API key which allows the algorithm to keep in touch with Mercor’s API. The developer can then use Mercor’s Python package in conjunction with the API to publish their algorithm.

Once an algorithm is deployed and ‘live’on the Mercor platform, the algorithm’s developer can track its performance via the dapp’s developer dashboard. The home screen of Mercor’s developer dashboard shows developers their total earnings from the algorithms they’ve created, the full total level of equity managed by their algorithms, the full total quantity of investors with funds inside their algorithms and quantity of created algorithms which can be ‘live’on the dapp. There’s also a dining table on the developer dashboard, like the investor dashboard, which displays a few key statistics on the performance of each algorithm that the developer has created.

The team behind Mercor has been hard at the job establishing partnerships with investors and development teams alike, with firms such as for example BlockBank, Ramp and GD10 Ventures. Developers such as for example Bot Capital, Moonquant Capital and LX Trading are actively developing on the platform.


What Sets Mercor Apart?

While there are certainly a few other projects trying to tackle decentralized algorithmic trading, Mercor Finance has several advantages. First, Mercor includes a first mover advantage in this space. The team behind Mercor Finance have already been trying to solve this dilemma for more than any development team, providing them with intricate understanding of the issues in the area.

Second, Mercor creates an interesting social dynamic, allowing investors to reach out to developers. This creates rapid iteration, allowing algorithms to be fine-tuned for maximum performance.

Finally, the performance of a number of the algorithms available to investors on Mercor is noteworthy. Despite recent price downtrends across many crypto assets, the very best performing algorithms on Mercor Finance have continued to generate positive returns for investors.In fact, several single-pair strategies have achieved as much as 70% return on investment inside a single month, with multi-token trading strategies reaching over 1,200% annually.

Combined, the innovative platform is positioning itself at the forefront of development in the automated copy trading space.


Mercor is Developing at Pace

Mercor Finance has been on a developing spree in recent years. Their roadmap includes upgrading existing features within the Mercor dApp, increasing the utility of the MRCR token and partnering with an increase of organisations to help increase Mercor’s exposure in the DeFi space.

Mercor aims to include the functionality for developers to create multi-asset pair algorithms, essentially allowing developer created indices. Moreover, the MRCR token will become  available via more decentralised and centralised exchanges, rendering it possible for traditional market assets to be added into Mercor algorithms.

With these goals in your mind, Mercor Finance is proving to be a pioneer in both crypto investing world and the algorithmic trading world.

For more on Mercor’s innovative service, native token and how it is disrupting the cryptoasset investing world, look at the dApp here.

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