Introduction
LUCRE is an automated algorithmic trading system based on statistical analysis of data from last 5 years (for BTCUSD). Automated trading, allow to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. Once the rules have been established, the algorithm monitors the markets to find buy or sell opportunities based on the trading strategy specifications. Depending on the specific rules, as soon as a trade is entered, any orders for protective stop losses, trailing stops and profit targets will automatically be generated. In fast moving markets, this instantaneous order entry can mean the difference between a small loss and a catastrophic loss in the event the trade moves against the trader. There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades. Some of the advantages are listed below:
– Minimize Emotions — Automated trading systems minimize emotions throughout the trading process. Since trade orders are executed automatically once the trade rules have been met, traders will not be able to hesitate or question the trade. In addition to helping traders who are afraid to “pull the trigger”, automated trading can curb those who are apt to overtrade — buying and selling at every perceived opportunity.
– Ability to Backtest — Backtesting applies trading rules to historical market data to determine the viability of the idea. Careful backtesting allows to evaluate and finetune a trading idea, and to determine the system’s expectancy — the average amount that a trader can expect to win (or lose) per unit of risk.
– Preserve Discipline — Because the trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets.
– Achieve Consistency — One of the biggest challenges in trading is to plan the trade and trade the plan. Even if a trading plan has the potential to be profitable, traders who ignore the rules are altering any expectancy the system would have had.
– Improved Order Entry Speed — Since computers respond immediately to changing market conditions, automated systems are able to generate orders as soon as trade criteria are met. Getting in or out of a trade a few seconds earlier can make a big difference in the trade’s outcome. As soon as a position is entered, all other orders are automatically generated, including protective stop losses and profit targets.
– 24X7 Market — as Crypto market is open 24X7 it is almost humanly impossible to trade every entry signal round the clock manually.
LUCRE PROCESS DETAILS
Participant applies for the LUCRE Token and gets whitelisted (KYC/AML). After receiving the confirmation of been whitelisted the participant then sends the funds (ETH) to the public address of the Token sale event. After receiving the funds, LUCRE smart contract automatically sends the LCR Tokens to the sender’s wallet. Part of these funds are sent to the company reserve fund wallet; At the end of the Token sale event, 40% of the received funds in ETH are liquidated and transferred to the LUCRE Derivatives Trading account where trades are executed by the LUCRE Algo. The trading account is also linked to a third party system where the performance of the Algo is verifiable 24X7.
For every trade executed by the LUCRE Algo, a signal will be sent out to every participant who has contributed more than 1 ETH during the Token sale. These signals can be used on Metatrader terminals offered by CFD crypto brokers and in the future will be available for crypto exchanges as well.
Daily performance calculations will take place and posted on the LUCRE dashboard.
ICO Details
General Information
Total Token supply: 12 500 000 LCR
Available for Purchase: 10 000 000 LCR
Token Type: ERC20, Ethereum Blockchain
Minimum Raise: $2 000 000
Maximum Raise: $7 000 000
80% of the tokens allocated to the participants (10 000 000 LCR)
14% for developers and company reserve (1 750 000 LCR)
3% for rewarding advisors (375 000 LCR)
3% is used on Bounty program and marketing (375 000 LCR)
Token Pre Sale Period: 15th Oct 2018 (30 days)
Token Main Sale Period: 14th Nov 2018 (4 weeks)
A substantial portion of the funds, 40%, will be dedicated to servicing on the development team and the creation of platforms
Another 40% will be contributed in the Trading Pool to provide profits to the Token sale participants
15% is for capex
3% will be spent on marketing aimed at attracting new users to the platform, creating a community interested in the token and the service
Remaining 2% for legal and compliance fees
SMART CONTRACT SPECIFICATIONS
The smart contract is built on the Ethereum Blockchain to provide trust, security, transparency,high liquidity and fast execution of transactions. Since there is no centralized authority, the contract is free from frauds, interference or speculation.
The smart contract complies with the ERC20 token standard and can be used from any compatible Ethereum wallet. A wallet should be created outside of any exchange and Ether should be sent from that wallet to the crowdsale contract. Participants should keep in mind that there is a risk of loss if they buy tokens using an exchange, as exchanges do not provide the ability to interact with crowdsales overall.
Participants can send ether to the contract directly or via buyTo function. The ether purchase amount is used to calculate the tokens bought which are then added to the balance of the participant account. The participant account (the account that is debited with tokens) is the sender account when using the buy and fallback function or the specified address when using the buyTo function and passing an address as an argument.
The smart contract has a two-tier control functionality which gives two controlling wallets different levels of authority. This allows future blockchain development and full on-chain automation without sacrificing the control of fund managers.
SECURITY AND AUTOMATION
Contribution will be immediately converted to US Dollar on completion of Token sale event and transferred to the Derivatives trading account where the trades will be executed. Holding Derivative assets has no security concern.
LUCRE Trading is 100% automated. The full list of brokers utilized will be available on our website when trading begins. Additional exchanges will be added when vetted.
ROADMAP
August 2010 Created its own trading company FX trading.
September 2011 The first trading Algo for the main currency pairs was created.
January 2014 Currency trading is opened for clients.
November 2017 Initial research and development for cryptocurrency.
April 2018 Developing a smart contract.
May-July 2018 Complete smart contract development and dashboard.
TEAM
Ganesh Puri
CEO, LUCRE Proprietary Trader
Aksana Papovich
CMO — MBA
Harjit Singh
CTO
Emerson Cruz
Algorithmic Trading developer
Aman Sidhu
Blockchain Developer
Vishal Jaggi
Frontend Developer
Arjun Puri
Developer Intern
Yogesh Gautam
Legal Consultant
ADVISORS
Manu Khullar
Direktor, Innovation & Solution Acceleration
Bogdan Fiedur
ICO Advisor, ICOBench Expert
Sydney Ifergan
Crypto & ICO Community Expert
Dmitry Pshenin
Founder ICOboard, Advisor ICObench
Gabriele Bernasconi
Co-Founder at Genuino, Blockchain Lab
Mike Snyder
Co-Founder, BitcoinATM360 (Ignite Financing)
CONCLUSION
LUCRE is poised to set a new standard for cryptocurrency participation. It aims to alter the tendency to HODL the crypto assets which doesn’t always give high returns as we have seen since the peak in December 2017. Holding the LCR tokens gives access to the high performing trading Algo which takes aims to better perform than just HODLing it and hoping it will keep going up.
More information contact :
Website : https://www.lucretoken.com/
Whitepaper : https://www.lucretoken.com/docs/Lucre_WhitePaper_EN.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4959492
Bounty Thread : https://bitcointalk.org/index.php?topic=4959912
Facebook : https://web.facebook.com/lucreToken/
Medium : https://medium.com/@LucreToken
Twitter : https://twitter.com/LucreToken
Telegram : https://t.me/LucreToken
Author : Upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4