“What about this Pairs trade?” is a new format of introductory articles created by RevenueBot. Every week we will be providing you with updates on a new trading pair that has reached the top, according to the transactions completed through the platform. In addition to providing information about the token, we will also check the trading pair in a bot simulation and see how much of a profit the trader could have made on it, over a period covering the past 60 days.
Insights on the token
AGLD is an ERC-20 token created as part of Loot, the Hoffman House social platform.
Hoffman is known as the creator of Vine, an app that allowed you to create short videos on mobile devices and has become an iconic image of meme culture. He also launched Peach, a social network which still has a loyal audience. Hoffman recently attempted to revive Vine in the form of the Byte app, which was sold out this year.
Vine founder, like most of the developers, delved into crypto. In December 2020, he began learning Solidity, a programming language for writing smart contracts on the Ethereum platform. He created an image and sold it as NFT, which led him to the idea of using this kind of tokens in decentralized creative projects.
As of March, the Blitmap platform, which he described as a “community-created fantasy universe,” was launched. This became the prototype for Loot, a social network whose name literally means “bounty” or “reward”. Together with 16 artists, he created 100 32×32 pixel images combining science fiction and fantasy elements. Those were then “remixed” into 1,600 “siblings. The idea was to use the Blitmaps as the basis for a kind of blockchain version of the Marvel Cinematic Universe, turning characters into merchandise, games.
Disassembling the pair
A bot with a $500 deposit will be used as an example. The settings of the bot will be default ones, you can select them when setting up a “Normal trading mode”, which implies a 25% overlap of price changes, 20 orders, and 5% martingale.
Assuming that the bot traded on the AGLD/BUSD from February 18 to April 18 with the LONG algorithm, we get the following results:
Hence, over the past 60 days, the trader was able to make a profit of 0.00153491 BTC, which at the current exchange rate amounts to about $46.
Results
Without a doubt, to some people it may seem that the gain made in 60 days is quite small, and to some extent, they will be right. The Crypto market is so volatile that, in some cases, it can generate several “X’s”, but this is more of an exception to the rule. It is much more common to lose all the money that you have invested than to make huge profits in a short period of time.
When it comes to RevenueBot, trading is automatic and requires a very minimal amount of attention from the trader. Of course, if you select more aggressive settings for the bot, it will require more attention. However, the example that we gave used the usual normal settings that involve minimum risks for the deposit. We can say that these bot settings are extremely conservative: the profit is not high, but the risks also tend to be zero.
You can use RevenueBot to create a stable passive income. The platform allows you to create trading bots on top cryptocurrency exchanges such as Binance, Bittrex, FTX, OKX and others. The creation of the bot is free, the platform does not charge any fees until the user starts to make a profit from using the bot for trading. We would like to point out right away that the bot does not have access to the clients’ funds on the exchange, it simply trades using API-keys, which means that the exchange account is out of reach. RevenueBot has more than 40 thousand clients, who are making profit with the help of trading bots.
However, this is not an exhaustive list of the advantages offered by our platform:
- The commission fee is charged only after the user has made a profit;
- The bot settings open up a variety of ways to make a profit;
- RevenueBot has a marketplace where customers can buy a ready-made bot so they don’t have to create their own, or they can also sell their own if the configuration has proven to be effective. Furthermore, users can acquire in the marketplace the services of a mentor (an experienced user of the platform), who is ready to answer questions from beginners. Over time, you can become a mentor yourself and earn an extra income from it.
- Regular updates of the platform’s features, which optimize the trading process.
- The RevenueBot referral program allows you to earn money without having to trade. Refer new clients to the platform and you will get up to 30% of the platform’s commission on all profitable transactions conducted by the new user attracted by you every month (but not more than 15 USD).
As you can see, the service has quite a lot of advantages, it remains only to start trading. And why list the pros if you yourself can check everything through the official website of the service. For new users, RevenueBot has prepared a promotion: when you register using this link, you get 5% on your first deposit. Happy trading!