“What about this trading pair?” is a brand new kind of introductory articles created by RevenueBot. You will hear each week about a new pair that has appeared in our top list, judging by the number of deals made on the platform. Apart from the details about the token, let’s check the trading pair through the bot simulation and observe how much the trader could earn using it over the past 60 days.
General insights
Polymesh (POLYX) is a cutting-edge blockchain specifically designed for assets that are regulated by laws and regulations. It addresses challenges spanning governance, identity, compliance, privacy, as well as solves settlement issues by simplifying outdated processes and opening the door to new financial instruments.
What is unique about Polyx is the introduction of financial primitives [crypto-based building blocks designed to efficiently and reliably perform one task – t/n] that allow users to manage the blockchain in a cost-effective manner. This also unlocks opportunities for developers to create their own decentralized applications (dApps) based on this platform.
Polyx is definitely a comprehensive solution to all the abovementioned challenges.
By remedying some of the shortcomings seen in Ethereum and other universal blockchains, Polyx rather promotes the wide institutional adoption of security tokens.
Breakdown
We create a new bot with a deposit of $500 as an example. The bot settings are default – Normal trading mode (you can select any when creating your own bot). This includes a 25% overlap of price changes, 20 orders, and 5% martingale trade size.
Provided that the bot traded in POLYX/USDT pair between February 2 and April 2, 2024 while using the LONG algorithm, the outcome is as follows:
As such, over the past 2 months, you could have generated far more than 0,0014464 BTC in profits, which is about $97 at the time of writing.
Key takeaways
To some, such an income may seem quite small, and you’re not exactly wrong. The crypto market now is so volatile that sometimes it can multiply your income enormously, but this is the exception rather than the rule. You are more likely to lose all the invested money than to obtain large profits within a short period of time.
However, with RevenueBot, trading is fully automated, with no need for you to keep track of the process. Needless to say, if you set Aggressive trading mode for your bot, it will require more monitoring. That said, we’ve provided an example with default settings that pose minimal risk to your funds. Such set-up is quite middle-of-the-road: the profit is not too high, but the risks strive to zero as well.
For regular traders, RevenueBot offers an automated trading UI. You are free to trade on the leading crypto exchanges, including: Binance, Bittrex, FTX, OKX, among others. RevenueBot empowers you to create customized trading bots to generate passive income steadily. Here are some of the perks:
- Service fee is charged only after the first successful transaction (no pre-charge included)
- RevenueBot’s native marketplace allows you to both buy a ready-made bot or sell your own one, which has proven to be effective;
- RevenueBot’s referral program enables you to reap profit without doing it manually;
- RevenueBot uses a Dollar Cost Averaging (DCA) strategy. By using it, you can make successful transactions as well as make profits over the long run;
- Automatic switching of trading pair makes it possible to benefit from trading process at any time. Our bots can do it by themselves if the main trading pair is not available.
RevenueBot has an official Telegram group for users to chat as well as its own channel to follow both platform’s news and the crypto industry updates. If you are a newcomer, RevenueBot shares a promo with you: once you sign up using this link, you get 5% on your first deposit. Good luck in trading, the extra money will come in handy!