It is not uncommon for day traders and scalpers to become nervous wrecks who suffer from nightmares and trading blues. Many of them hope to find the perfect tool that can take the weight off their shoulders and do the job for them.
Meet Obi, your new trading bestie
OpenBlok, a cryptocurrency trading platform, has created such a tool and called it Obi. Obi is a Python based AI (artificial intelligence) trading bot who is programmed to recognize price fluctuation patterns and do the skimming for you 24 hours a day, 7 days a week.
Thanks to the comparatively high volatility of the crypto market which persists due to the still relatively modest trading volumes, Obi's $20 plus million trading volume is expected to sway the market in the right direction.
Sort of like the high-frequency algorithmic stock trading supercomputers positioned as close to Wall Street as possible, skimming chump change non-stop and being responsible for 84% of all stock trades.
Except, this is the crypto market and everyone can take advantage of it.
Obi does it all
Obi executes up to 1200 trades per day, dozens of simultaneous trades at a time, and even does all the research for you while trading at the same time.
Using Obi is like having an entire team of traders at your disposal, doing everything from technical analysis to fundamentals, checking price history while analyzing the news, market trends, moving averages, volume, support, resistance, you name it.
Obi does it all, all the time, and all at the same time. How many people and hours would it take to get all this done?
Quick profits vs. research
In the world of crypto trading there are two types of traders:
The first group tends to spend an extraordinary amount of time researching a cryptocurrency before they invest and hold their position for a period of time, ranging from days to months or in some cases years. They don't worry much about the ups and downs and instead wait to pocket double and triple digit percentage gains.
The second group tends to skip the research for the most part and opt to do a series of daily and weekly trades with the goal of skimming a bit on the way up, off the top and perhaps some more on the way down just past the top. As long as they sell for more then they bought, they're in the green. The profits are thin and cumulative.
With Obi, you'll be in the second group and Obi will be doing all the work for you.
Day trading percentages
For those unfamiliar with day trading, the percentage gains in a single trade can be anything from 0.5% to about 2.5%. So, let's say, at 1200 trades/day, Obi manages to skim 1% on average, minus trading fees (0.25%-0.5%) and gives you 50%. That's 0.3% in daily profits x 30 = 9% gains for the month and 109.5% gains for the year if Obi produces a profit every single day.
A working product with a POS token
Obi has been fully tested and optimized for a couple of years now and is live and trading. OpenBlock is a working product ICO with a utility token, OBC, which is a POS (proof of stake) premined cryptocurrency.
The OBC token is expected to be available for trading on exchanges in Q3 2018. OBC staking and Obi trading apps will be available to the general public later this year and in 2019 OpenBlock will be issuing a debit card and expanding globally.
Four ways to earn
There are 60 million OBC tokens. Unused/unclaimed tokens will be burned. The market price is expected to be at around $1.65 and you're going to have to own a minimum of 5,000 OBC tokens in order to gain direct access to the Obi trading bot. So that's an investment of $8,250 to be used for trading with Obi. According to the OpenBlock website, each day that Obi makes a profit, it pays out half of it to OBC holders. Your share obviously depends on how much you're holding.
Not sure if those same tokens can be staked. Usually
cryptocurrency used for staking is passively sitting in a wallet and accumulating a predetermined staking dividend percentage through nodes.
There is also an option to do mirror trading with Obi. That is to follow Obi and take the same positions, depending on how fast you can execute.
The third way to earn with OpenBlock is to buy OBC tokens, keep them in your OBC online wallet and collect dividends, i.e. stake OBC. The return are as follows: 36% in the first year, followed by 20% in the second year, and 10% in the third year. The total OBC staking supply is set at 8 million OBC tokens. Once those have been distributed, staking will no longer be available.
The fourth way to earn with OpenBlock is to spread the word about Obi and the ICO. OpenBlock offers a generous referral commission so that you can collect your OBC tokens by investing time rather than money and then make gains as described above.
Clearly, a tempting concept to anyone who has ever traded crypto.
The OBC staking node, by the way, is peer to peer, with encrypted data on a decentralized public blockchain with speedy transactions and an emphasis on privacy.
Great for people who are new to the cryptocurrency market and don't have the time or the interest to learn how to trade but would like to participate nonetheless. Basically, you can trade like a pro even if you don't have a clue what you're doing because Obi does it all for you.
Let's face it. Crypto trading is time consuming. You have to sign up with a bunch of exchanges, figure out which cryptos to buy, when to buy and when to sell each of those cryptos, all the while keeping an eye on the price of Bitcoin, which lately has been completely unpredictable.
And, unless you are a day trader, there's a ton of research involved as well. Before and after you've taken a position and set your limit sell, you're spending time checking CoinMarketCap and Reddit and Twitter and exchanges and your go-to Telegram groups and channels. And let's not forget Discord. And BitcoinTalk.
What if you've set the sell at 15% but the crypto moons or tanks?
What if you missed the dip by a little and the market being so volatile eats up 20% of your investment and now you have to decide whether to sit on it for weeks or months waiting for a pump to dump, or sell now, lose money and try to regain your investment by buying this other crypto?
What if that one tanks and the one you decided to sell at a loss suddenly spikes?
What if you decided to hold and managed to sell at profit but then bought something else that tanked?
Or didn't but Bitcoin tanked?
Or you put your gains in USDT and Bitcoin just happened to recover from a dip while you were on a two day break from crypto costing you another 10% in missed gains?
Time is money
All of the above cost you your money and your time. What if there was a platform where you could trade, check your stats, get your research, social input, charts, TA, and a personal crypto trading mentor? What if you also had the option to copy a pro of your choice based on his/her percentage gains (portfolio ROI %) with a single click of a button?
In comes the Makeafolio ICO. Created by traders for trader and anyone interested in crypto trading and investing. Their goal is to create a platform that will level the playing field for crypto traders struggling with the time/money dilemma and to help make crypto investments easy for people new to crypto, thus helping crypto go mainstream.
Makefolio is made for newbies and pros alike. Users are ranked automatically based on their portfolio ROI and pros are rewarded for allowing less advanced traders to copy their trades. This means that the most successful traders are copied by the highest number of traders and the added volume increases the likelihood of those trades being profitable.
While your money is making you more while saving you a bunch of time, you can kill some time with Makefolio's interactive tutorials and one-on-one mentoring. If you are an experienced trader you can share your know-how, and if you're a newbie, you can work with a mentor and learn all about crypto trading. Through this program, a newbie can become a crypto expert and mentor others.
Currently, the only social elements available on crypto exchanges are sidebar chats and voting for a new coin to be listed.
The Makefolio platform plans to offer more:
Instead of having to head over to CoinMarketCap or an ICO directory site, you can find crypto and ICO ranking and rating resources right on Makeafolio, once again, saving you time.
Instead of a typical cryptocurrency exchange, Makeafolio will be a simple crypto conversion platform where you deposit BTC, LTC or ETH to be converted into the Makeafolio MAF token. With the MAF token you can quickly create your Makeafolio portfolio by selecting the cryptos you want, along with wallets and diversification ratios (percentage of your portfolio for each crypto). And voila, you've instantly diversified your crypto portfolio.
To keep an eye on your investment, the tracker shows you things like a live chart, overall performance, entry/current price, total value and 24 hour performance percentage. Basically, your typical balance data.
It would be ideal if stats like entry in fiat or USDT and performance percentage from entry to now were available as well. Or, at least weekly and monthly performance percentage along with the 24 hour performance percentage. Perhaps something for the suggestions box.
The Makefolio pre-sale starts a month from now, on the first of July 2018 and lasts until September 2018. The main sale takes place September through December 2018. KYC is mandatory, but there are no country restrictions. Private beta will be released in May 2019 and the public beta in July 2019.
Iconiq Lab is a decentralized global venture capital group consisting of investment managers who provide capital, educational training and legal support to crypto and blockchain projects from their offices in Berlin, Frankfurt, NYC and Singapore.
Their goal is to help grow the crypto and blockchain industry by empowering and protecting crypto investors and thereby driving more investment into the crypto economy.
What does an ICO and crypto incubator or accelerator do?
Iconiq Lab helps the ICO build a community of fans by organizing events, meetups and open discussion sessions. The ICO gets access to experts and potential partners. It's a mutually beneficial endeavor, ensuring short and long term success for both parties and frequently leading to record breaking funding results and prosperous partnerships.
It should be noted that Iconiq Lab is highly selective when it comes to choosing the startups they wish to work with. The carefully selected ICOs are obligated to participate in a 12 week accelerator program which prepares them for the crowdfunding process and the launch of their project.
In order to apply for the Iconiq Lab accelerator program, a startup must:
The ICNQ token is estimated to be worth $1 at this time and is expected to be valued at $2.50 upon launch. Of the 17 million ICNQ tokens, 5.7 million have already been sold. 3 million ICNQ tokens will be sold to private, institutional, and accredited investors.
Investors join Iconiq Lab and become club members. As members, they purchase ICNQ tokens and invest them in participating ICOs. They also gain access to members-only research and progress reports as well as private discounts and bonuses.
Working product ICO
Iconiq Lab is an established company with a working product ICO. They are already working with the following startups:
Iconiq Lab partners include FinLab, Gibraltar Blockchain Exchange, Santiment, LDJ Capital, Token As A Service, Frankfurt School Blockchain Center, CoinFirm, Liquet, Blockchain Bundesverband, F6S, DWF, and Solidified.