LUCRE is an exclusive automated cryptocurrency trading system designed to transcend the strategy of simple cryptocurrency ownership. It was developed by a team with 8 years of experience in algorithmic trading. As shown recently, to keep cryptocurrency, it is not the best way to increase their wealth. The LUCRE algorithm was based on philosophy – not HODL, Deal! Which allows you to trade both long-term and short. The big attraction of this project is the ability to generate income in all market conditions, buying and selling at every opportunity.
Lucre Trading Algo will operate on Metatrader trading platform. Participants in the sale of tokens will receive an LCR token that will track the performance of Algo. The price will be regularly updated to accurately reflect the value of the main cryptoactive assets traded by Algo. The participant can trade on exchanges that will list the LCR token. The LCR token will only be sold during the pre sale and token sale. After the sale of tokens, no more tokens will be issued.
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 1ETH 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.
PROFITABILITY TOKEN
8 year experience in Algorithmic Trading Forex, we see that interest could rise if an algorithm works well and more participants involved in the project.
LUCRE is exclusive, because of platforms the participants with access to algorithmic and autorouting signal is limited, and this exclusivity is controlled by the number of tokens. If you would like to receive signals or use Autotrading, and you did not participate in the event the sale of Tokens, you must buy tokens from the original participants.
Trading algorithm would take long and short positions and bet in a bearish market and the second bear, so to diversify and optimize the performance of the portfolio. As a participant in the sale of tokens, you can decide to make money by selling a token, because the advantage of exclusive services and the results of trading algorithms should see rising prices or hold it back and get a constant profit track the effectiveness of the word trade.
SAFETY AND AUTOMATION
Deposit will be immediately converted into u.s. dollars, after the completion of the sale of Tokens and transferred to the account of derivatives trading, where bids will be executed. Holding derivatives is not secure. Trading LUCRE is 100% automatic. A complete list of the former broker will be available on our web site when trading begins. During the inspection, additional exchanges will be added.
ATTITUDE MARKETING AND PARTICIPANTS
Tim LUCRE will invest significant time and effort in marketing the marketing of Tok Token, which focused on the participants in the traditional financial sector, by producing information sheet, video explanations and planning documents that are easily to understand. LUCRE will focus its marketing efforts exclusively on the market that are not set. There is no encouragement or invitation will be held where participation is prohibited or is likely to be banned in the near future to keep complying with applicable local laws.
ICO details
General information
Token: LCR
Platform: Ethereum
Standard: ERC20
Quantity: 12,500,000 LCR
Price: 1 LCR = 1 USD
Payment: Eth
Soft cap: 1,600,000 USD
Hard cap: 7,000,000 USD
KYC: NO
PreICO
Start: 10/15/2018
Completion: 13.11.2018
ICO
Start: 11/14/2018
Completion: 11.12.2018
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.
ROADMAP
August 2010
Established its own trading company FX Trading.
September 2011
Created the first trading Algo for major currency pairs.
January 2014
Open currency trading for customers.
November 2017
Initial research and development for cryptocurrency.
April 2018
Smart contract development.
May – July 2018
Completing the development of a smart contract 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)
Chen SiYuan
Marketing advisor
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=4959492.0
Facebook: https://www.facebook.com/lucreToken
Medium : https://medium.com/@LucreToken
Twitter: https://twitter.com/LucreToken
Telegram: https://t.me/LucreToken
Author : upik05
Telegram : Upik05
BTT username : upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4
