Alphr Introduces Automated Mirror Trading to DeFi
[PRESS RELEASE – Please Read Disclaimer]
Alphr is building a platform that allows automated mirror trading of the top-performing wallets in crypto. This month, the project will achieve major milestones launching DAOMaker’s first SHO on their newly revamped DAO Pad.
Decentralized Social Trading Platform
The huge surge in DEX volumes and proliferation of DeFi protocols has enabled Alphr to exist. When heavy traders in the world start to trade on DEXs this makes all their trades transparent and available on chain.
It is now possible to see who, for example, is the best performing WBTC trader in the last 90 days on Uniswap. You can then use that information to buy and sell WBTC when that trader does. Alphr enables you to do that, either manually or automatically using AMT (Automated mirror trading).
With the explosion of DeFi, the wallet has quietly become your social identity on-chain. Alphr turns every wallet that has ever traded on Uniswap (and soon to be all DEXs) into a social profile. You can see net worth, return, risk score, current tokens held, and much more. Discovering other wallets and seeing which new platforms they are trading/farming on, and which tokens they are buying and when is becoming an important part of crypto trading.
There is already a demand for this type of onchain discovery and trade copying, but currently, traders are using a combination of Nansen (or similar tools), Telegram bots, and manual trading to achieve what Alphr automates in one platform.
Investors value proposition
What makes Alphr so unique is the token value capture mechanism, which is unique especially in DeFi. The protocol revenues are returned to token holders. 75% of the fees are used to purchase and burn the token, which means the ALPHR token supply is constantly reducing. The tokenonomics is built to attract, reward and retain users whilst also offering governance and input into the direction of the protocol and voting on usage of the community treasury.
In addition to an IDO on Paid Ignition. Alphr will list their token (ALPHR) on Uniswap and Gate.io on 27th April.
Alphr is a decentralized social trading platform that enables anyone to trade with the alpha of the most successful wallets in crypto. Alphr’s visualized and automated mirror trading technology simplifies the crypto trading experience, democratizing crypto investing and providing the path to true Alpha. For more information visit alphr.finance or follow us on Twitter at @alphrfinance.