Most people have a very hard time profiting when exchanging cryptocurrencies or currencies in general with a goal of achieving benefits in differing currency values.
This type of currency exchange is highly complicated due to extreme volatility and abundant manipulation. Newcomers with a lot of will and very few skills stand to lose much value partaking in such exchanging as opposed to just using one cryptocurrency that focuses on price appreciation as a goal over time. Many constantly chase the mob and follow the latest trends of the hottest cryptocurrency or when there are price spikes. This causes people to exchange into a cryptocurrency after the fact, as opposed to the golden rule of buying low and selling high.
As an algorithmically traded cryptocurrency, adopters of Optitoken gain the benefit of utilizing a medium of payment that is exposed to 24/7 trading through code developed with the strategies used by traders in a portfolio of established and manually selected cryptocurrencies.
Essentially, the algorithm takes advantage of price swings among a select group of tokens, known as “The Basket,” made up of a variable number of coin(s) deemed statistically or categorically undervalued. They will also be established and growth driven projects with high upside potential based on several factors based on past trends of growth and/or market averages. It will also take into account token supply and market capitalization.
The project aims to create profits from this ongoing series of trades and infuse it into the market(s) of OptiToken itself to provide constant sporadic upward price pressure. The tokens purchased are then destroyed by sending them to an unspendable address to create ever growing scarcity in the token supply and disallow the tokens from re-entering the ecosystem as ‘sell pressure.’ The remaining OptiTokens will gain value each time this cycle occurs.
Optitoken
