Cryptoassets continue to attract increasing levels of investment as the planet begins to understand concerning the technology behind the assets. Actually, the data show the cryptocurrency market recorded 600% growth year-to-date and is worth $2.8 trillion during the time of writing. However, as large financial institutions such as for example Microstrategy and Grayscale continue to invest considerable amounts into cryptoassets, price volatility can be on the increase. This increasing volatility presents challenging for amateur investors.

Mercor Finance is the very first and only exemplory instance of a decentralised automated copy trading platform. Mercor aims to democratise the planet of copy trading by giving investors the capability to invest via user-created trading strategies How a Copy Trade Works. This grants individual investors use of similar tools which are commonly used by those large institutional investors. But before we dive into Mercor's solution, let's have a closer consider the definition of automated copy-trading and why it's the future of investing, both in the crypto space, and the mainstream financial sector.

Mercor Finance: A Closer Look

An automated trading strategy is a set of rules that determine when to purchase and sell assets. When those rules are met, orders execute. This really is defined as algorithmic trading. This has several advantages over investing manually. First, it may operate 24/7 with little downtime, allowing amateur investors to capture probably the most value from the 24/7 crypto asset market. Second, automated programs never deviate from the principles emerge the trading strategies, theoretically making no mistakes. Finally, human emotion is never involved; a trait which can be likely the explanation for many to lose their entire portfolios.

Mercor allows developers to produce new trading strategies and customize those rules at will via the Mercor dApp's developer dashboard. Investors using Mercor can invest funds into those strategies via the Mercor dApp's investor environment.

Currently, you can find 60 trading strategies which are designed for users to invest in. A number of these have now been created by high-level developers employed in investment or software firms, ensuring that the trading strategies have expert influence.  Mercor Finance's dApp happens to be deployed on Binance Smart Chain. The project's native token MRCR grants holders increased use of the Mercor platform, with regards to the quantity of MRCR they stake via the Mercor dApp.

Users purchase MRCR to buy the most used / highest performing algorithms. Naturally, as the user base increases, demand for use of these algorithms increase in unison with a consequent effect on the demand for MRCR. Moreover, Mercor includes a unique staking mechanism, unseen in the DeFi space before and plans to increase the utility of MRCR further in the future.

Upon launch, the Mercor dApp greets investors with a pleasant page containing links to some of the core elements of the protocol. This includes an educational portal, in addition to charts displaying the recent performance of some of the trading strategies on the dApp. On the dApp's sidebar, the ‘Buy MRCR'tab offers users the capability to directly swap between BNB or BUSD and MRCR, or buy BNB with fiat. The ‘Stake MRCR'tab allows users to stake any MRCR tokens they hold in order to access higher tiers of functionality on the dApp. Stakers of MRCR can also earn an annual percentage yield all the way to 20%, paid in MRCR.

More information on the benefits of the various tiers of access and the number of staked MRCR required to get into those tiers may be found on the ‘Tiers'page of the dApp.

Creating Algorithmic Success

The ‘algorithms'tab allows investors to get into most of the trading algorithms created on the platform and their details. Investors can see everything they need to know to effectively manage their automated trading strategies and portfolio. This includes their real-time trading history, profit or loss percentage, the assets it trades between, the developer who managed to get and the existing quantity of equity managed by it. The algorithms page is but one of the ways Mercor demonstrates its focus on transparency, a key feature with a lack of other automated trading strategy protocols.

The users dashboard provides home elevators the performance of the investments, such as for example their total amount invested on Mercor, total earnings from those investments and the existing value of the portfolio. Finally, Mercor's comprehensive educational portal, containing user manuals and other information for both investors and developers, in addition to their social networking profiles, may be accessed via the dapp's sidebar.

When creating an algorithm, developers first give it a couple of key parameters like a name, the couple of assets it trades between, a brief description of how it works and some category labels. Algorithms created on Mercor are deployed as smart contracts to the BSC blockchain. After deploying a Mercor algorithm, the developer is given a secret API key which allows the algorithm to keep in touch with Mercor's API. The developer may then use Mercor's Python package in conjunction with the API to create their algorithm.

Once an algorithm is deployed and ‘live'on the Mercor platform, the algorithm's developer can track its performance via the dapp's developer dashboard. The house screen of Mercor's developer dashboard shows developers their total earnings from the algorithms they've created, the full total quantity of equity managed by their algorithms, the full total quantity of investors with funds within their algorithms and quantity of created algorithms which are ‘live'on the dapp. There's also a desk on the developer dashboard, similar to the investor dashboard, which displays a couple of key statistics on the performance of each algorithm that the developer has created.

The team behind Mercor has been hard at the office establishing partnerships with investors and development teams alike, with firms such as for example BlockBank, Ramp and GD10 Ventures. Developers such as for example Bot Capital, Moonquant Capital and LX Trading are actively developing on the platform.

What Sets Mercor Apart?

While there are always a few other projects attempting to tackle decentralized algorithmic trading, Mercor Finance has several advantages. First, Mercor includes a first mover advantage in this space. The team behind Mercor Finance have now been trying to fix this issue for longer than any other development team, giving them intricate knowledge of the difficulties in the area.

Second, Mercor creates a fascinating social dynamic, allowing investors to touch base to developers. This creates rapid iteration, allowing algorithms to be fine-tuned for maximum performance.

Finally, the performance of some of the algorithms available to investors on Mercor is noteworthy. Despite recent price downtrends across many crypto assets, the most effective performing algorithms on Mercor Finance have continued to generate positive returns for investors.In fact, several single-pair strategies have achieved up to 70% return on investment within a single month, with multi-token trading strategies reaching over 1,200% annually.

Combined, the innovative platform has already been positioning itself at the forefront of development in the automated copy trading space.

Mercor is Developing at Pace

Mercor Finance has been on a developing spree in recent years. Their roadmap includes upgrading existing features within the Mercor dApp, increasing the utility of the MRCR token and partnering with increased organisations to help expand increase Mercor's exposure in the DeFi space.

Mercor aims to add the functionality for developers to produce multi-asset pair algorithms, essentially allowing developer created indices. Moreover, the MRCR token will become  available via more decentralised and centralised exchanges, making it feasible for traditional market assets to be added into Mercor algorithms.

With these goals at heart, Mercor Finance is proving to become a pioneer in both crypto investing world and the algorithmic trading world.

For more on Mercor's innovative service, native token and how it's disrupting the cryptoasset investing world, visit the dApp here.