An artificially intelligent Crypto Trading Robot developed by Autonio has garnered quite a fan following since it was first made available for backesting as a part of Autonio’s ongoing ICO campaign. The response to Atonio’s exceptional profitability has been astounding from the crypto community. Therefore, on popular demand Autonio is now announcing a NioKing Crypto Trading Championship rewarding users with top performing algorithms with 200,000 NIO tokens worth a total of $11,000. There will be 5 rounds every alternate day with winners announced at 12.00PM GMT on October 10th, 12th, 14th, 16th and 18th, 2017. Each round will publish a leaderboard of top 10 performers with 3 prizes of 20,000, 12,500 and 7,500 NIO tokens for the winner and first and second runners up respectively. The entry for the first round will be open until 12.00PM GMT, October 10th at nioking.algoshare.net.
“This algorithmic trading challenge serves the purpose of gamifying the trading experience and allowing users to work with the AI and produce data that will help Autonio build up a robust platform,” said Ali Raheman of Autonio.
Crypto-assets are a natural fit for algo-trading, and with crypto-trading having evolved to $11 Billion a day industry, the time is right for a dispassionate, self-learning, trading engine to take advantage of an environment where less professional and less disciplined traders create many profit opportunities. An AI trading robot, built on a machine learning algorithm, is devoid of human weaknesses, such as impatience, fear, greed, and latency.
How it works?
Autonio automatically combines multiple indicators into a single clear buy/sell signal and executes the trades in as high frequency as the user decides. To make its high speed buy / sell decisions, Autonio currently integrates 5 indicators that include EMA, MACD, RSI, Bollinger Bands, Ultimate Oscillator. The users can personalize and optimize their trading strategies by combining the trading indicators to maximize their returns. Users can design their own investment / divestment strategies and let Autonio do the rest on their behalf. Here’s a concept video:
The Autonio platform allows users to back test each of their alternative strategies and choose the one with highest returns. The Autonio platform publishes an Official NIO Trading Championship Leaderboard that dynamically lists the top trading strategies. Leaderboards are not only fun way to drive competition among users, but the NIO Championship Leaderboard goes a step ahead and makes it more exciting and profitable by allowing the NIO Champion strategies to be bought, sold, leased, traded among the participating traders within a decentralized system in exchange for NIO Tokens using smart contracts. Thus allowing traders to boost their returns by using the most profitable strategy designed by the expert traders. Users can get a flavor of this feature between 9th – 18th October.
An initial coin offering (ICO) for Autonio tokens is now live. The NIO tokens can be purchased at https://auton.io
Image via Adobe Stock
The above article is a sponsored press release and is not indicative of the views and opinions of Tokenverse staff. This is not to be taken as investment advice. As always, do your own research before investing/supporting any project or endeavor.