Mercor Finance – March Madness

Mercor Finance – March Madness

Filled with exchange listings, AMAs and partnerships it’s safe to say that March was full of Madness at Mercor Finance!

Hereby a quick recap on what happened over at Mercor in March

Venus Partnership

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Arguably the biggest news of March was that Mercor Finance partnered with Venus Protocol. Venus Protocol is currently the largest decentralized borrowing and lending marketplace on the Binance Smart Chain. The integration of Mercor with Venus Protocol will improve the performance of algorithms and give developers extended tools to create strategies that outperform the market.

Read everything about the partnership here.

Exchange Listing

Mercor is now listed on another CEX: Vindax.
Vindax is a popular Asian-based exchange, focused on connecting a wide audience to cryptocurrencies and blockchain assets. Like Mercor, Vindax focuses on education, hereby enabling novice crypto investors to learn everything about crypto trading. We are continuing our approach of increasing our visibility and attracting new investors through listings. More exciting news is coming real soon.

AMAs

Mercor hosted plenty of AMAs in March. For the Mercor Developer AMA Series, we had OnePunch Algo as a guest. OnePunch is a prominent developer on the Mercor platform, whose trading strategy showed immaculate results of nearly 900% APY. Read the AMA back here.

We welcomed Pentational, a new developer on the platform and invited her for an AMA, which was extremely insightful. Read it back here.

Furthermore, we hosted the first-ever recorded Mercor AMA, to be seen here.

Moreover, Mercor recently got listed on P2PB2B, a CEX. Accordingly, we organized an AMA in their community.

Press

Several news outlets have picked up the Mercor hype. Big media such as Bitcoin.comMarketwatch and AMBCrypto have featured Mercor on their platforms. Stay up to date by clicking here.

Premium Algorithm

The algorithms on the Mercor platform showed immaculate results in March, with

Some algorithms reaching nearly 900% APY.

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On top of that, we are proud to announce that Boosting Alpha has deployed its first premium algorithm on the platform — check it out here!

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The Race to 100 and YouTube

Last but not least, the official trading competition of Mercor is still going on. Several algorithms and developers are going head to head which makes it a tight race! You can still compete for great prizes. Click here to join.

The Mercor YouTube is filled with content recently. Our analyst shares his daily insights on the crypto- and other financial markets, you can find recorded AMAs and even tutorials.

Big steps in March but even more coming in the next months! Stay tuned.

Mercor Developer AMA Series — Pentational

Mercor Developer AMA Series — Pentational

Pentational (a.k.a Dorien Herremans) is a developer on the Mercor platform. Besides creating top-level trading strategies, Dorien is a PhD holding professor, teaching data science and artificial intelligence at Singapore University of Technology and Design.

Check out all trading bots of Pentational here:

Pentational Trading Strategies

The Mercor Developer AMA Series

Mercor values transparency and education highly. We like to keep our community up to date and as informed as possible. That’s why we are hosting an official Mercor series: the Mercor Developer AMA series.
Given their extensive expertise and after achieving incredible results, we figured OnePunch Algo would be a fitting candidate for the Mercor developer AMA series.

In this article, we will set out last week’s AMA, held in the Mercor community chat. The article will give you an insight into a prime developer on the Mercor platform. The AMA was a great success and gave exclusive insights into the benefits of algo trading. Below is a detailed summary of what was covered in the AMA. Enjoy reading!

The AMA

Mercor CEO:
It is time for another developer AMA! This time with @pentational! Dorien is a relatively new developer but already managed to have her algorithm enter the top 10!

The algorithm is called Raysor Trade Super Trend and it uses a fully automated trend following strategy inspired by legendary traders like Jesse Livermore, Toby Crabel, and William Eckhardt.

As you may know, the format of the AMA will be as follows: we will mute the chat for the first part of the AMA where we will ask several questions to Dorien. After which we will open up the chat and you will be able to ask questions directly.

The best question will receive a 0.5 BNB investment reward!

Hi @dorienherremans! It is great to have you here!

Pentational:
Hi Mercor! It’s my pleasure to be here today! Thanks for inviting me.

Mercor CEO:
Alright, let’s start with the first question. Could you please give us a brief introduction about yourself, your background and experience?

Pentational:
Sure!
Well I am originally from Belgium, but I have lived a bit all over the place. I am currently in Singapore, where I am a professor at Singapore University of Technology and Design. So during the day I teach AI, Deep Learning and Data Science, and lead a research group on AI for Finance, as well as AI for multimedia. I have previously worked at the University of London, and was a lecturer in Switzerland as well. But I have currently spent almost 5 years here on the equator. So during the day I work in academia, and during the night I am mostly working on trading algorithms on platforms like Mercor 🙂

Mercor CEO:
Extremely impressive, we have a lot more to learn from you aside from algorithmic trading 😉

Pentational:
I must say, I started my carreer with degrees in economics, but 15 years ago, I wasn’t so keen to join boring industry as a consultant or something, and I decided I wanted to do something much more fun and creating.

Mercor CEO:
Moving from economics to AI, that is not a step you hear often.

Pentational:
I sort of always followed the path of least resistance, and in a weird way it led me here 🙂

In the beginning, I decided to just play around with algorithm for AI and music, and quickly that evolved into multimedia more broadly. In fact, at the moment I am leading the implementation of a Metaverse at our university.

Mercor CEO:
Doesnt seem like a low resistance path to me!

Pentational:
Well it certainly wasn’t always the path of highest salary 🙂

Mercor CEO:
That I can see yes, but you were choosing what you liked best, which is most important.

Pentational:
And actually, I think this is what my passion is. To do something that not many people are doing, to explore new things. Just like nobody was working on music AI 15 years ago before Spotify. The same is true for the crypto market at the moment.
So I find that a few years ago, when I got more into blockchain, I really found a renewed passion for economics.

Mercor CEO:
Alright lets talk a bit more about how you got involved in algorithmic trading, how did you go from algorithms for AI and music to trading algorithms in the crypto industry?

Pentational:
Well the cool thing is that both audio as well as financial data are temporal signals. So you can very easily use the same deep learning algorithms on both of them. So technically the move was ‘easy’. But how did I get into it?

A few years back, I read an amazing book about the life of Jesse Livermore: ‘Reminiscences of a Stock Operator’, I can recommend that to anyone 🙂. It really got me thinking about short term trading and how different it is from investing. E.g. Buffet says ‘buy the dip on the way down’, and Livermore says ‘buy when there is an uptrend’.
Around the same time my wife had a baby. And, being in Asia, that meant that I awake a lot during the night, i.e. during US trading hours.
But soon I realised the real potential is in the crypto market. Which is the modern day equivalent of the unregulated wild west markets of of Jesse livermore in the early 1900s. When I started trading based on some manual signals I coded based on Livermore, and I ended up checking my phone every 2 hours at night. Needless to say it was disruptive : ).
So I worked every free moment to fully automate my trading. It helped that I had a background in advanced optimization problems from during my PhD.
And it sort of went on from there… I made sure I was up to date and followed some amazing courses at NY Institute of Finance, and Uni of Hong Kong. And I try to read anything I can find about those early traders.

Mercor CEO:
What a unique way of looking at financial data and thank you for the reading tip. I am sure many will add that to their reading list.

Really interesting story of how one can self-educate and become extremely skilled in a new field. I can imagine the learning never stops for you.

Looking at your algorithms, what do they focus on and how do you feel your algorithms differ from other algorithms?

Pentational:
Yes you could say that 🙂. I’d encourage everyone to keep reading and learning…

As for the algorithms:

They are mostly trend following. Looking at Raysor Trade Super Trend on MercorL https://app.mercor.finance/developer/algorithmDetail/0xC71F1b67D84A5489FF41B1536500Cd5434443fAa/

This is a special type of trend following. As you are aware, on DeFi, we have to be mindful of higher trading costs. This is a beginner mistake many traders make when backtesting: how much influence could trading costs really have? turns out: a lot!

So, with trading costs not making my Skyital algorithm feasible, I set out to create a slower pace one. Raysor Trade Super Trend uses a fully automated trend following strategy inspired by legendary traders like Jesse Livermore, Toby Crabel (narrow range breakout), and William Eckhardt (turtle trading).
So while there is traditional trend following, we also have a breakout mechanism (e.g. if the market does not move for x days), you can expect a suddent upward movement. All under the right conditions of course (considering hash rates, momentum, RSI etc.

Mercor CEO:
Definitely true, small changes make a big impact over time. A beginner mistake we have seen happening quite a few times.

Pentational:
By trading the ETHBTC pair you have constant crypto exposure while we try to outperform the general market. What you can see for instance, is that when markets crash, BTC goes doen less percentagewise. ETH goes down more. So then we flip to BTC. On the upside, ETH often makes the bigger moves. So when markets go up, we flip to ETH. At the moment, we have a position open 2% increase in the strategy in terms of BTC. The absolute PnL is of course much bigger because BTC itself is going up.

Mercor CEO:
Interesting approach, makes sense.

Could you share some performance history or backtesting results of this algorithm?

Pentational:
Since we are all in the crypto space, we believe BTC’s value will increase right 🙂 So then we just want to increase our BTC holdings 🙂

Let me pull up some backtesting results

Mercor CEO:
Most of us indeed!

Pentational:

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Letting Raysor Trade run from 2015 gives us quite the return (remember base currency is BTC).
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We can zoom in a bit and start the backtesting from 2018 the bear year.

Mercor CEO:
That is indeed “quite the return”!

Pentational:
BTC’s price (the grey line) went down here. While Raysor Trade kept quite steady.

Mercor CEO:
Very impressive results with very low drawdown.

Pentational:
So even during backtesting, we see longer periods where returns might be the same as holding. But when the market really starts moving is when the profits are made.

Thanks!

I try to make sure the algos are not overfitting. For instance, if we were to see a 90% percent profitable rate. They may mean that I set the oversold/overbought conditions to `overfit’ to those specific traders that occurred. But it wouldn’t work on new data. A rule of thumb is typically 40–50% profitable is great. Too much can be suspicious.

Those wanting to see more details, you can see all the statistics here: https://dorien-herremans.medium.com/raysor-trade-super-trend-2f5b76b1bbe8

Mercor CEO:
Yes because overfitting a strategy would mean, amazing backtesting results, but poor real life results.

Pentational:
Exactly.

Mercor CEO:
Thanks for sharing this!

Pentational:
So this strategy is long only, with daily candles. And you will see that there are very few trades. 24 trades only since 2018. This may be enerving, but you should consider this strategy as a better version of HODL.

Mercor CEO:
That is definitely not a lot, but looking at ETH and BTC, there js probably no need to be trading much more. Especially indeed if you compare it to a just HODL strategy.

How long did it take you to develop this strategy? And are you the only one working on it?

Pentational:
If you don’t count Livermore, Crabel and the likes then yes I am the only one working on it 🙂 It usually takes me a few weeks, during which I will be totally emerged in the process. It will be just me, and books of inspiring traders.

I will test different coings, assets, and markets. Sometimes code that you worked on for a day simply won’t cut it. And you have to throw it away. That’s the nature of building successful algorithms.

Sometimes something looks good for one specific scenario. But then when you widen the timeframe, try a different coin, or trading cost. It just collapses.

Mercor CEO:
So it includes a lot of trial and error?

Pentational:
Yes definitely. I try to make my code modular. So I can quickly add something as a function. If it doesn’t work, I can turn it off again. But in general, the process is very iterative.
Luckily we have great tools like Tradingview to quickly implement things.

Mercor CEO:
Alright, thank you for giving us some more insight in your development approach!

Looking at the Mercor platform, what do you think of the platform, the functionalities, the team and its ambitions?

Pentational:
I love how it democratizes trading. No institutions, not approvals, no minimum capital, no subscription fees.
I feel like there is a constant fight between the established rich wanting to keep their privilege, and us normal people. So the idea of allowing everyone to profit sharing is very powerful. I never could understand if you find an interesting fund you want to invest it, but then it says ‘accredited investors only’. Which has a range of requirements like 200k annual income.

Why should rich people get to have the better investment options?

So while people are trading on centralized exchanges, what Mercor is doing on DeFi is amazing.

Mercor CEO:
That was exactly what we were thinking and what eventually led to our ambition to fully democratize the algo trading industry.

Thank you for the great feedback!

Pentational:
Yes, a great initiative!

I feel fortunate that you included me as your traders!

Mercor CEO:
That brings us at the end of this AMA, if there are any questions from the community, this is the moment to ask them!

M F, [Mercor community member]:
This was a great AMA, thanks! I was wondering, since you are a professor, would it be an idea to work together with Mercor on the Mercor Academy and educate new users on algorithmic trading and AI?

Pentational:
Hi M M, great question! Yes if it fits I’d be happy to be involved in some of the educational content that Mercor offers!

M F, [Mercor community member]:
That would be interesting to see. Thanks again, learned a lot!

Pentational:
My pleasure!

To all of you, thanks for having me. If you have any questions afterwards, you can come find me on Twitter @pentational and I would recommend you all to follow Raysor Trade Super Trend 🙂.

Tiberiu, [Mercor community member]
Great AMA 👏

Mercor CEO:
Great AMA, I learned a lot!

Dorien, it was great to have you here! Thank you for the amazing insights, we are all very happy to have you on the platform and are looking forward to your Algo’s performance!

Wrap Up

The community got exclusive insights into the methods of our beloved bot creators and got to chat directly with the creators of these profit machines! One of Mercor’s main goals is to make algorithmic trading accessible for everybody by building a bridge between talented developers and expert algo traders and everyday investors. This AMA series is a prime example of doing just so!

The Mercor team enjoyed the AMA to the fullest and loved to see the engagement between investors and developers. On to the next one!

Mercor Developer AMA Series — OnePunch Algo

Mercor Developer AMA Series — OnePunch Algo

OnePunch Algo is a developer firm on the Mercor platform. They have over 7 years of experience in creating trading strategies. In their years, they have built numerous algorithms for crypto & equity markets. Their strategies utilize the latest trends in the cryptocurrency space and are aimed to beat the market.

Check out all trading bots of OnePunch here:

OnePunch Algo Bots

The Mercor Developer AMA Series

Mercor values transparency and education highly. We like to keep our community up to date and as informed as possible. That’s why we are hosting an official Mercor series: the Mercor Developer AMA series.
Given their extensive expertise and after achieving incredible results, we figured OnePunch Algo would be a fitting candidate for the Mercor developer AMA series.

In this article, we will set out last week’s AMA, held in the Mercor community chat. The article will give you an insight into a prime developer on the Mercor platform. The AMA was a great success and gave exclusive insights into the benefits of algo trading. Below is a detailed summary of what was covered in the AMA. Enjoy reading!

The AMA

Mercor CEO:
It is time for another developer AMA! This time with the OnePunch Algo team!

The OnePunch Algo team owns several algorithms for Crypto & Equity markets. Their newest and most popular algorithm is the One Punch Algo Momentum (OPAM) strategy which is designed to utilize the latest trends in the current crypto market. One of the best strategies for Short squeeze, momentum, hype, and high volatility crypto coins.

In the past 3 years, OnePunch Algo has outperformed all the crypto coins BUY & HOLD Value. Which is extremely impressive.

As you may know, the format of the AMA will be as follows: we will mute the chat for the first part of the AMA where we will ask several questions to OnePunch Algo. After which we will open up the chat and you will be able to ask questions directly.

The best question will receive a 0.5 BNB investment reward!

Mercor CEO:
OnePunch Algo, thank you for being here!

OnePunch Algo:
Hey 👋 thank you for having me.

Mercor CEO:
Please introduce yourself and give us some information about your background and experience!

OnePunch Algo:
Sure

OnePunch Algo:
Hello, my name is Washeen, and I am from the USA. I am a full-stack developer with over 10 years of web programming and applications development experience. I own a couple of local businesses in the USA, including one of the top marketing companies that do automation and search engine optimization for companies.

Mercor CEO:
Great and impressive resume, your knowledge aside from crypto has definitely helped us in the past!

So talking about algorithms, how and when did you get involved in algorithmic trading?

OnePunch Algo:
While I was in university for programming, I started a semester project studying big data and machine learning search queries using python and jQuery. I think that’s when I first got involved in algorithmic trading.

But the road to algorithmic trading came to me through my father’s trading skills, when I was a 10-year-old kid watching my father who knows what stocks to buy but never knew what is the right time to sell. So I always thought to myself “what if something signals my father that this is a good time to sell?” — I was obsessed with finding that something.

Mercor CEO:
You started extremely young, when did you realize this dream of creating these signals for the first time?

OnePunch Algo:
I developed the first OnePunch Algo in 2017 as a signal provider for stocks to buy and sell.

I tested it for 2 years before I started selling subscriptions for these alerts. And then many clients who joined throughout the years suggested and audited the signals and gave me so many ideas for improvement. So the Algo developed and branched into over 15 Algorithms as of today. Some do scalping that is very successful with Binance future with low fees. We also continue to do backtesting and forward testing for all of our Algorithms. Our data provide very successful results. These algorithms are continuing to grow. The oldest algorithm is currently at 587 versions internally.

Mercor CEO:
Your algorithms went to an amazing learning curve, which is great to see.

So talking about OnePunch Algo, what is the story and mission behind OnePunch Algo?

OnePunch Algo:
The name was taken from a Japanese Anime called OnePunch Man. The hero beats everything in one punch. So I wanted to beat the market in every way possible lol. And I loved that series so the combination is a product of the OnePunch ALGO brand name.

“Our mission is to beat annual buy and hold of any given stock or crypto by x10”

Mercor CEO:
We love that series too, great name and great mission.

What do your algorithms focus on? How do the algorithms of OnePunch Algo differ from other algorithms?

OnePunch Algo:
OnePunch Algo momentum (OPAM) which is listed in Mercor was built in 2020 and currently, it is in its 76th version internally.

OPAM focus is on “Public Momentum”. This Algorithm is different because it does not use moving averages to identify momentum but it uses over 5 momentum signals which I would like to keep secret. Also, it is built to outperform market conditions and it comes with an inbuilt risk management system that triggers based on factors that should be met based on current market trends. In bear markets, it tries to stay away most of the time but looks for entries based on factors provided to it. But in a bullish market, it does catch all the hyper jumps, so the combination is very profitable.

Mercor CEO:
Thank you for the in-depth clarification, this brings a lot of value to many investors.

Mercor CEO:
How long does it take to develop a strategy? And how many people are involved in this stage of development?

OnePunch Algo:
With our experience, we can develop a strategy within a couple of weeks but auditing needs to be thorough and needs at least 6 months’ worth of data minimum, including bear and bullish markets conditions.

For OPAM I am the leading developer of the algorithm followed by a code cleaner and an optimizer. And then we have an internal auditing team consisting of 4 day traders to use signals to do manual trading and compare the results with the backtesting. Then we also use volunteer beta testers from the fans and subscribers. We already have to audit the new Algo’s or version upgrades.

Mercor CEO:
It’s good to see that you take the time to audit your algorithm and analyze its performance over a longer period.

Talking about these algorithms, could you share some performance history of your algorithms?

OnePunch Algo:
Absolutely,

Racausdt 2021 -08 to date performance:

a. OPAM (0.25% Mercor Fees) Roi 1070% vs Buy and hold Roi 207%

b. OPAM (0.04% Binance futures fees) ROI 3355% without leverage

Sfpusdt 2021–02 to date performance:

a. OPAM (0.25% Mercor fees) Roi 217% vs Buy and Hold Roi -68%

b. OPAM (0.04% Binance futures fees) ROI 6374% without leverage

Winusdt 2021–01 to date performance:

a. OPAM (0.25% Mercor fees) Roi 931% vs Buy and Hold Roi 309%

b. OPAM(0.04% Binance futures fees) ROI 9413% without leverage

DM me for CSV files of these trades or to get other crypto results or more data.

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One Punch Algo (OPAM) for SFPBUSD, one of OnePunch’s strategies trading on the Mercor platform

Mercor CEO:
We of course had a look at these results in the past and they are extremely impressive!
Now let’s talk about Mercor, what do you think of the Mercor platform, its functionalities, the team and its ambitions?
OnePunch Algo:
Mercor platform is gonna be a game changer. There are few auto trading crypto platforms out there, Mercor is already beating them all.
I love the commitment from the team and they are always here to answer your questions, not many communities do that. This is really a great thing, customer obsession.
Mercor roadmap talks about centralized exchanges integration and I think this is going to change how everyone looks at Mercor Tokens with its low supply availability.
I personally believe Mercor to be a x100 coin.
Mercor CEO:
Thank you for the great feedback and for the value you are adding to the platform and our community.
So if you had to guess what is the next big thing within the crypto space according to you?
OnePunch Algo:
We think the next big thing in crypto space will be the World Wide Web based on blockchain which is known as web3.0, creators and artists are going to utilize this technology a lot and then comes web3.0 based social networks for privacy protection and secure data. I think this will blow out soon. The OPAM team has been collecting crypto coins around web3.0 for a while now. NFT and metaverse are all surrounded around web3.0, more growth for those means more growth for the technology.
Mercor CEO:
Couldn’t agree more, so if we’re invested in OnePunch Algo’s we should be fine 😉
OnePunch Algo:
Haha yes sir.
Mercor CEO:
I will now open up the chat for the community! If there are any questions from the community please go ahead!
The prize for the best question is 0.5 BNB investment credit!
M F, [Mercor community member]:
What made you decide to move from traditional markets to crypto?
OnePunch Algo:
Great question. Actually, the growth potential compared to traditional stocks, in crypto is huge. Then comes the volatility. Specially OPAM has shown 200–300% biggest one-time wins because of these volatilities in this market. I think that’s the main reason we decide to move to the crypto space. But we have a small division still working for traditional markets around bio and pharma.
M F, [Mercor community member]:
Alright, thanks! Good AMA
Manu El, [Mercor community member]:
Hi OnePunch Algo, about versioning, what drives the decision to release a new version of the algo and how does an investor know that a new version of the algo has been released?
OnePunch Algo:
Hey Manu, another good question.
We are constantly looking to improve our algorithms. And we have branches of each algorithm that is getting tested and audited with auto and manual trades. If we find a version outperforming the previous version then we do a merger and announce it to our email subscribers at https://onepunchalgo.com website and we do ask our subscribers if we want to merge or convert it into a new Algo with a new name.
We do have OPAM v2 as a stand alone and OPAM in Mercor is the v3.
Mercor CEO:
Well, it looks like your answers have been extremely clear and not many questions remain. In any case, you are always present in this chat and people are able to ask you questions whenever!
I will be closing the AMA now and would like to thank you for your time and everything you do for Mercor.
@ManuxEl congratulations on winning the best question prize! Please send me a DM with your BSC address.
OnePunch Algo:
Awesome. Thank you guys. Always send me a DM if you guys have questions and I am happy to answer all.
Mercor CEO:
Many thanks for the great AMA!
Wrap Up
The community got exclusive insights into the methods of our beloved bot creators and got to chat directly with the creators of these profit machines! One of Mercor’s main goals is to make algorithmic trading accessible for everybody by building a bridge between talented developers and expert algo traders and everyday investors. This AMA series is a prime example of doing just so!
The Mercor team enjoyed the AMA to the fullest and loved to see the engagement between investors and developers. On to the next one!

Mercor Finance – February Recap

Mercor Finance – February Recap

Coingecko and Coinmarketcap

First of all, we would like to thank you for being patient with the updates on Coinmarketcap and Coingecko. Updates on these platforms can sometimes take some time but we are pleased to tell you that the circulating supply on both Coingecko and Coinmarketcap has been updated and all info is now completely up to date.

Don’t forget to add Mercor on your watchlist by clicking here and here.

Socials

Mercor started a new initiative, called the crypto daily markets review. We share insights and review the crypto market and other financial markets. The reviews are posted daily on the Mercor YouTube channel which has been growing in content extensively. If you haven’t done so already, make sure to subscribe to our channel to stay up to date with the latest crypto news.

Further, we have updated our LinkedIn page and will continue to share important updates there as well. Make sure to follow by clicking here.

Boosting Alpha

Arguably one of the most exciting announcements of the month was that Mercor closed a strategic partnership with Boosting Alpha. Boosting Alpha is a trading technology provider utilizing the latest scientific approach. They develop high performing trading strategies for various assets based on artificial intelligence (AI), quantitative finance and unique data combinations. Boosting Alpha deployed its top-level premium algorithm on the Mercor platform — check it out here. Read everything about the partnership here.

Market Beating Algorithmic Trading Strategies

While the world has seen some terrible events and financial markets reacted to them drastically, we are glad to see that most of the trading strategies on the Mercor platform stayed stable and beat the market.

Join in and beat the market, almost entirely passively too, with Mercor Finance.

PR

Mercor continued its marketing efforts and increased its exposure by getting featured on the biggest global news outlets. So far, Mercor has been featured on platforms like Bitcoin.com, Marketwatch, Benzinga and many more. This PR campaign is ongoing and many more platforms will follow. Keep track here.

Listings

The big news kept on coming. With the listing on P2PB2B, Mercor is now listed on another big CEX. P2PB2B offers competitive rates and has an impressive trading volume. Combined with a strong community, P2PB2B will provide a vast reach and great exposure.

Trading is now open.

Furthermore, you can now track, follow the news, and analyze Mercor on Binance.

Besides Binance, Mercor is now listed on Crypto.com DeFi Wallet. You can now trade, track and receive MRCR in your Crypto.com DeFi Wallet.

Big developments for Mercor and more are coming soon! Stay tuned and don’t miss out!

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Mercor Finance Presents Multi Token Trading Algorithms

Mercor Finance Presents Multi Token Trading Algorithms

Crypto can be confusing and overwhelming. With hundreds of different tokens launching every day of the year, it’s easy to lose track and not know when or what to invest in.

That’s where Mercor comes into play!

The biggest update of the Mercor platform just released, multi token algorithms!

Single pair algorithms, the type of algo’s that are currently running on the Mercor platform, are trading strategies that perform buy- and sell orders automatically, making crypto-investing as laid-back as possible. These algo’s trade between one pair (two single tokens) of crypto tokens at the same time. In only the first month of Mercor’s beta version, various algorithms showed profits of 70% or even more. To get an idea, check out this video that summarizes the value of algorithmic trading:

Multi token algorithms are the exact same concept, but this time trading up to 50 different crypto tokens, all at the same time. Always wanted to invest in crypto, but never knew with what coin to start? Let the algorithms decide for you. Need more time to manage your packed crypto-portfolio? Let an algorithm do the trading. Don’t know when or what to buy, or when to sell? Algorithms do. Sold at the dip? Bought at the top? Leave it up to the bots.

Imagine trading 50 tokens at the same time. Continuously.

Recently, LX Trading, a successful developer on the platform, was our guest in an official AMA in our Telegram chat. LX will be deploying the first premium multi token algorithm on the Mercor platform and shared pretty exciting news: some of their algo’s showing annual results of more than 1200%!

With simultaneous trading in up to 50 tokens, the possible gains are something most crypto enthusiasts only dream of. Good thing Mercor makes dreams come true!

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The distribution of an example multi token algorithm

Of course, at a certain point, you may want to withdraw your gains. Mercor created a unique DeFi protocol that will enhance your passive earning through Mercor. With every withdrawal, a fee of 10% will be incurred on the profit. This fee will be used to buy back $MRCR tokens on the market (automatically). This creates continuous and ever increasing buying pressure. Besides, half of these tokens will be sent to the new staking contract and will be divided as additional APY for stakers. This means more passive income!

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A visualization of how the fees are distributed

If you missed the news around the Mercor staking pools, read everything below:

The Most Unique Staking Protocol in DeFi

The new version of Mercor, including powerful multi token algorithms, will be live on January 10th!

Mercor Makes Trading Easy

You are aware that you should invest your money but don’t know where to start, don’t know how to start. Or simply don’t have the time for it. It happens to all of us.

Mercor Finance fixes your issues. At Mercor, one can invest in machines, called algorithms (or bots, strategies, you name it), that does the trading for you!

Algorithms are pre-programmed trading strategies that perform buy- and sell orders with the best timing and with the fastest speed and therefore, for the most optimal prices. These bots do this all the time, every time. Around the clock, all year long.

On top of that, they reach unmatched results. For instance, various trading bots on the Mercor platform reached profits of nearly 70% in not even a month.

The trading algorithms deployed on the Mercor platform are created by talented developers and hedge funds. You can do it too. Mercor makes exclusive developer tools accessible, and in this way enables for everyone to earn a buck by creating and deploying trading algorithms.

Curious yet?

Take a look below:

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