LUCRE – Algorithmic Trading Platform
It’s often joked that the most likely place one can be mugged is while entering or exiting a casino. The simple reason is that the industry predominantly functions on cash. This is not only an obstacle against unregulated gambling but also a security concern for both merchants and customers alike. Events like the World Series of Poker draw 105,000+ entrants a year and pay out over a billion dollars in winnings over the course of a month – where entrance fees cost anywhere from a few thousand to over a million dollars in some tournaments. Currently, there’s no centralized payment solution in existence capable of funds transfers of those volumes instantly.
While players can use existing wallets (Neteller, Skrill, PayPal, etc.) for online transactions at merchant websites, they are expensive and come with geographical restrictions. Players currently have no single-wallet solution that can not only aid in streamlining the login and funds transfer processes but act as an effective, sustainable and cost-effective alternative for bankroll management. A professional sports bettor who uses different books or online casinos would require multiple accounts, painstakingly created, and fund them through multiple wallets, effectively losing upwards of 10-15% overall in just processing fees and exchange.
Because regulatory requirements and processes are scattered, online and ‘cheatable’, merchants spend large sums of money annually to re-administer KYC processes, while simultaneously inconveniencing customers with them being long, difficult and frequent. Being an identification process, disconnected from funds transfers, this also makes it virtually impossible to trust for identity management, fraud, and AML/CTF protocols.
To HODL or not to HODL – the age-old question, crypto-fied. HODL may have come up as a mistaken spelling of “Hold” but it was quickly embraced by the crypto community and, like many other things in the crypto world, took on a life of its own. From humorous beginnings to classic internet memes, HODL has swung back and forth in debates. Should you HODL crypto or should you trade it? In other words, should you keep your crypto as a long-term asset or you advantage of volatility in both directions?
Don’t HODL; Trade! Holding a Cryptocurrency hasn’t been the best way to increase your wealth lately. LUCRE has been building a trading algorithm (Algo) which tries to outperform the performance of just HODLing the Cryptocurrencies. The trading is done both ways long and short. Even when the market is going south the Algo attempts to make profit by shorting it.
Lucre is an Ethereum-Blockchain based company that creates a decentralized, autonomous, cashless, transparent and secure payment solution and ecosystem for the global gambling industry.
LUCRE is an exclusive automated trading system & signal service for Cryptocurrencies, created to outperform the strategy of just holding Cryptocurrencies. It is developed by a team with 8 years of algorithmic trading experience. Holding a Cryptocurrency hasn’t been the best way to increase your wealth lately. LUCRE algorithm was build on a philosophy – Don’t HODL; Trade! allowing trading both ways long and short. The great appeal of this project is the ability to generate revenues in all market conditions, buying and selling at every perceived opportunity. Even when the market is going south the algorithm attempts to make profit by shorting it. Lucre Trading Algo will be running on a Metatrader trading platform. Token sale participants will get an LCR token which will track the performance of the Algo. The price will be updated regularly to accurately reflect the value of the underlying Crypto assets being traded by the Algo.
It is to create currencies a long-awaited, sought-after, safe, fast, cash-free, suburbanized, and one-source world KYC resolution for several, if not all, casinos, sportsbooks and card rooms.
LUCRE Token’s value is not based on speculation but rather the product benefits and net asset value backed by the performance of an algorithmic Cryptocurrency trading with real funds. LUCRE’s utility token is called LCR. It can be traded at any time, holdings are fully transparent.
LUCRE trading system is developed by a team with 8 years of algorithmic trading experience. The trading strategy utilizes complex quantitative models and algorithms.
The LUCRE token has certain major components that makes it a unique platform, which are:
A signal service that allows the platform to receive trading signals which are 75% accurate and gives traders a heads up on what to do with their coins.
A fully automated trading system that allows to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.
A trading pool where all tokens are deposited and managed by LUCRE’s unique algorithm and trading team.
The developing team, have 8 years of algorithmic trading experience, and the strategy they have come up with, utilizes complex quantitative models and algorithms. Operating on the blockchain allows for global accessibility of the platform, uninterrupted trading, transparency and a public verification of LUCRE’s trading performance. Since the formulated algorithm runs automatically on a trading platform, an individual does not necessarily need a special skill to carry out trading activities.
Once the trading rules have been established, the algorithm tends to monitor the market 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 the event that the trade moves against the trader, these instant order entries that are set will help in distinguishing the difference between a small loss and a catastrophic one. The trading algorithm will be taking long and short positions and bet in both bull and bear markets, thus diversifying and optimizing the portfolio performance of each user.The trading process of the platform is illustrated below;
Lucre Crypto Performance Features
Trading on the platform allows for both long and short-term trades. One of its biggest appealing strategies is its ability to create revenue, regardless of the prevailing market conditions. This means that traders will be in a position to buy and sell, regardless of the opportunities that are prevailing in that market. Its top features include:
- Signal Service
Traders get to receive high-quality close/sell/buy alerts. They also get exclusive trading signals coupled with a seventy-five percent trading accuracy. This means that they can use these signals to trade on any exchange or with a broker they prefer.
- Automated Trading
The platform has a fully automated trading system that is compatible with all Forex CFD brokers and cryptocurrency exchanges. You can use your LUCRE account to connect with these exchanges and move your money seamlessly without any worry.
- Trading Pool
All the LUCRE (LCR) tokens that get deposited into the trading pool are to be managed by the platform algorithm. The trading team will also assist in the management of these tokens.
Why choose Lucre?
- Lucre is created specifically for the industry.
Lower to no transaction fees, and a safe, tax-free wallet solution for a player’s bankroll. Ease of access to their funds at all partner casinos and sports books across the globe. Secure and instant deposits, buyings and cash-outs safely using Lucre. Lucre will be the most convenient platform for players, by which they can skip long queues at casino cages, proximity to ATMs, safe staking between players, peer-to-peer transfers, and the ability to not require the cage altogether by being able to buy in and cash out at individual tables and machines in-casino
- Lucre effectively addresses real-world, on-ground problems.
A consistent revenue stream through processing fees per user transaction. Lucre’s wallet acting as a one-of-a-kind geo-based advertising platform for gambling establishments, promotions and ultimately customer service. The transparency is in-house chip distribution, player comps, and credit. Stricter adherence to gaming commission guidelines and regulations, again, through transparency in digital currency from players who have completed the Lucre KYC, rather than cash from anonymous patrons. The lowered need for large volumes of cash in-house at all times also reduces the dependency on security resources
- Lucre can circumvent online and offline channels.
The ability to use Lucre as an advertising platform to players on a global scale (something that is currently unavailable because of the regulatory and safety issues in the open market.) The expense, resources, and time – and invariably inability to ensure fool-proof KYCs will be deferred to Lucre. They will be able to accept players and funds from across the globe.
- Lucre to lead the Gambling IoT
Going a step further, Lucre also brings the security and capability of Blockchain to hardware, merging with technology made popular by FinTech, and brings that to casinos cages, table games, player bands, rings, and everything else tomorrow’s IoT can offer.
- Token symbol = LCR
- Full Token name = LCR token
- Total supply = 12,500,000 LUCRE tokens
- Pre-ICO price = 1 LCR = 0.77 USD
- ICO Price = 1 LCR = 1 USD
- Minimum investment = 0.1 ETH
- Platform = Ethereum
- Hard cap = fixed, $7,000,000
- Soft cap = $2,000,000
The token sales facility will be used for two main purposes:
Complete LUCRE Trading Algo development (complete testing, add various cryptograms, optimize performance, and implement automatic trading with various Crypto broker APIs when they are available and stable).
Use 40% of Token sales funds to trade Cryptocurrency currencies with brokers and share profits with participants in Token sales. Small shoulders will be used a maximum of 3 times. Trading will be carried out in both directions for a long time and in a short time, depending on the direction of the market, which was discovered by LUCRE Algo. Each order has a predetermined termination and stop profit and profit from profit.
December 31, 2017
- Own trading company FX Trading was created
- The first Algo deal was created for the major currency pairs
- FX-trading open to customers
- Initial research and development for cryptothermines
June 30, 2018
- Develop Smart Contract
- Conclude Smart Contract and develop a dashboard
September 30, 2018
- Participants in the “white lists”; Run the Bounty program;
December 31, 2018
- Token Presale
- LCR Token Sale Event Launch
June 30, 2019
- Public launch on stock exchanges
- The final improvement in the trade of Algo
December 31, 2019
- Starting the autorouting service (beta)
March 31, 2020
- The final release of the version
For more information, please visit:
Ann Thread: https://bitcointalk.org/index.php?topic=5046049.0
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143