Hodl is an intentionally misspelled world and it has it's roots in a December 2013 post on the bitcointalk forum ''I AM HODLING" by an author Game kyuubi and he did not even bothered to fix his typo and the whole community immediately turned it into a verb : to hodl.
Together with other terms,hodl is an effective litmus test for sussing out newcomers,carpetbaggers and tourists. Right from the beginning to the classic internet memes,HODL has swung back and forth in debates.
Should you HODLb crypto or should you trade it. In other words,this simply means,should you keep your crypto as a long term assets or your advantage of of volatility in both directions?
In the crypto world,is always advisable to trade then to hodl, holding a cryptocurrency hasn't been the best way to increase your wealth latterly. This is the main reason why the lucre platform was created.
This platform has been building a trading algorithm (Algo) which tries to out perform the performance of just HODLING the cryptocurrencies.
The lucre platform trading system is actually developed by the team members that has 8 years of algorithmic trading experience. So the trading strategy utilizes a very complex quantitative models and algorithms.
THE LUCRE PLATFORM
This is an automated trading system that is based on statistical analysis of data. This automated trading makes it possible to establish some specific rules but for trade entries and existing once.
Immediately they are programmed,it can be automatically executed through a computer. However,once these rules are established ,the algorithm will then monitor the markets to find buy or sell opportunities which is normally based on the trading strategy specifications.
As soon as the trade is entered,any order fro protective stop losses,trailing stops and then profit targets will automatically be generated. There are series of advantages when a computer monitors the markers for trading opportunities and these advantages include
Preserve disciplines-.. Discipline is preserve because trade rules are established and then trade execution is performed automatically.
Improve order entry speed-.. The computer responds immediately to many changes in market conditions and these makes it possible for the automated systems to generate orders as soon as trade criteria are met.
24×7 market-.. The crypto market is open 24×7, so it is almost humanly impossible to trade every entry signal manually.
Minimize emotions-.. This automated trading systems uses emotions all throughout the trading process.
Achieve consistency-.. When it comes to trading, the biggest challenges is to plan the trade and trade the plan but in the case of lucre computer it is always consistency .
Ability to backtests-.. The lucre computer have the ability to backtest and this allows to evaluate and fine tune a trading idea and also determine system expectancy .
THE LUCRE TRADING
The trading algorithm is actually in alpha stage. Testing for the functionality of any product have to be done over the period of 365 days that is from April 1 2017 to March 31 2018.
The lucre trading algorithm only trades BTCUSD currently and other cryptocurrencies will soon be added.
The chat below clearly shows the comparison of hypothetical trading performance of 10,000$ that was contributed on April 1 2017 in the both systems. One of the account is holding BTC that is in red colour while the other one is contributed in lucre Algo trading and it is in blue colour as shown below.
REASONS TO PARTICIPATE IN TOKEN SALE
Any participant that apply for the lucre token sale will get whitelisted then after the confirmation of been whitelisted, the participant will then send the funds (ETH) to the address of the token sale event.
Immediately the funds is received ,the lucre token will be send to the senders wallet. So at the end of the token sale,40% of the received funds in ETH are liquidated and then transferred to the lucre derivatives trading account and this is where trade are executed by the lucre Algo.
However,any trade that is executed by the lucre Algo ,the signal will be sent to those participant who contributed more than 1 ETH during the token sale.
TOKEN SALE FUNDS UTILIZATION
40%------- R&D
40%------- Trading pool
3%-------- Marketing expenses
15%------ Capex
2%------ Legal compliance fees
TOKEN DISTRIBUTION
80%--- Public contribution
14%----- Company's reserve
3%---- Advisors
3%----- Bounty program
ICO FUNDS DISTRIBUTION
TOKEN DETAILS
LCR PRICING
Token presale--- 15 Oct 2018
Token main sale--- 1 Jan 2019
Token type-- ERC29 ethereum blockchain
Maximum supply--- 12,500,000LUR
Available for purchase--- 10,000,0000LUR
Minimum contributor--- 0.1 ETH
Minimum raise--- 1,600,000$
Pre sale--- 0.77$
ROADMAP
TEAM MEMBERS
CONCLUSION
This is an interesting platform with great concept. It's main aim is to alter the tendency to HODL the crypto assets which have not really given any high returns judging from the records since December 2017 as we have observed.
So the platforms tokens give access to a high performing trading Algo and the aim is to stop people for Hodling. The platform have many great features and advantages when compare to other platform.
I will advice everyone to participant in this platform and invest while it is still time. However,for more info just click on any of the following useful links.
USEFUL LINKS
Website--- https://www.lucretoken.com
Whitepaper---- https://www.lucretoken.com/docs/LucreWhitePaper_EN.pdf
Facebook-- https://www.facebook.com/lucreToken
Twitter--- https://twitter.com/LucreToken
Telegram--- https://t.me/LucreToken
Ann thread-- https://bitcointalk.org/index.php?topic=5023814.0
Author details
Bitcointalk username-- ifeoma
Bitcointalk profile link-- https://bitcointalk.org/index.php?action=profile;u=1616375
