Mercor Launches Pioneering Decentralized Copy Trading Platform
Mercor Finance is launching the first-ever algorithmic trading platform targeted at both amateur and seasoned cryptocurrency investors.
Decentralized automated trading platform, Mercor Finance is pioneering a new approach to algorithmic trading, with a focus on equipping amateur investors with decentralized tools normally only accessible to institutions with scale.
The platform, which is available here, allows users to invest their funds using pre-defined automated strategies, monitoring its performance through a user-friendly platform dashboard.
Automation brings several benefits to the world of investing. Algorithms run 24/7 and are faster and more reliable than humans could ever be, allowing investors to spend less time monitoring charts whilst earning a greater level of passive income.
Speaking about the launch, Mercor’s CEO said:
“The past year we have been working tirelessly to build the best decentralized finance algorithmic copy trading platform. With the introduction of our new multi-token algorithms, we are confident that we have created the most advanced and unique DeFi platform. The future for Mercor is extremely exciting, with so many new functionalities and partnerships underway.”
Mercor Finance has recently partnered with automated trading pioneer, Boosting Alpha, a specialist in developing high-performance, artificial intelligence-based trading strategies.
Towards Algorithmic Copy Trading via DeFi
Mercor’s platform has been in development for over a year. During this period, the team has reached several milestones including the launch and proof of concept of a beta platform and fine-tuning the developer-investor interaction.
Mercor’s API access and python package set it apart from other similar platforms. It allows developers to write in an environment they’re comfortable with, reducing the learning curve for interaction with the platform.
In relation to decentralization, Mercor’s platform combines the benefits of DeFi and development, with automated trading. Users can purchase Mercor’s native token, MRCR, and stake it to get immediate staking rewards and access to higher tiers of the functionality provided by Mercor’s platform.
MRCR is native to Binance Smart Chain (BSC) and is available to be purchased using BNB or BUSD.
About Mercor
Mercor Finance is a decentralized automated copy trading platform with the objective of democratizing the world of algorithmic trading. Users and developers can invest in and create custom trading algorithms and monitor their performance via the platform’s user-focused dashboards.
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