Brief history of the project
The notion of creating a whole network of cryptocurrencies did not come from the blue, but rather a reasonable inference from a broad experience acquired during the creation of both cryptocurrency ventures and trading services.
Almost a third of our team members have been trading for a long time, and well before the rapid growth of cryptocurrencies, they were interested in the industry.
The automation of the trading process was the first and biggest issue we needed to address. A constant analysis of a large number of statistical parameters, news, social signals, patterns, and so on is sufficient for exchange trading itself.
We started with the simplest task - automating the very process of trading, namely buying and selling on the basis of certain technical analysis criteria.
More precisely: the Bollinger Top Line double zigzag crossing. The bot, which was based on such a simple algorithm, yielded reasonably good profits in a dynamically - market.
The practice has shown, however, that it only operated successfully in a growing market. And there is no continuously rising demand, so we continued with the second phase of the implementation.
The second phase. Develop a social bot using an adapted dictionary to analyze all Twitter content. Thus by evaluating the impact of messages that included terms such as listing, collaboration, update, hard fork, we managed to boost the effectiveness of the trading platform.
In the subsequent parts of this documentation, the third and all the following steps are listed.
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