RoboFi — How It’s Changing the Financial Markets.
Can the uncertainties of the financial markets be removed? Well, that’s a question for another day. The financial market has always been associated with risk, which has inhibited many from participating.
However, blockchain technology has created a solution that minimizes risk and increases transparency in the financial markets.
RoboFi, a decentralized bot trading platform has created a haven for investors to participate in crypto trading without fear. This article will give you in-depth knowledge about RoboFi, and how you can use it to increase your earnings.
Without any further ado, let’s dive right in.
Existing Problems in the Financial Markets.
For us to understand the Solutions RoboFi provides, let us look at the problems that exist in financial markets.
1. Fraudulent Practices.
There are a lot of bad actors in this space. According to Financial Times, investment fraud has risen by 193% in the past five years. Investors are victims of scams due to ignorance and sometimes greed.
2. Information Anxiety.
Too many contrasting opinions give investors goosebumps when it comes to investment decisions. And this always leads to bad outcomes.
3. Inadequate knowledge.
A lot of investors lack adequate knowledge of the financial markets. They try to self-learn, it’s not easy to tutor yourself on how the market works. You won’t know where to start.
4. Uncertainties.
By now you should know that no one can predict the market. It sounds scary, but it’s true. No one knows the future, the same thing applies to the financial markets. You get it right today, doesn’t mean you will be right tomorrow. This market is risky, anything can happen.
I believe you now see why you may want to consider a platform that uses bots in financial trading.
What Are Financial Trading Bots?
Financial trading bots are autonomous systems that assist investors in financial trading. Whether in CeFi or DeFi.
The financial market is volatile and always requires round-the-clock monitoring. This is where trading bots come into play. They are more decisive than humans.
For example, the arbitrage bot takes advantage of price changes across exchanges to make a trading decision.
Challenges Facing Financial Trading Bots.
1. Poor performances.
When you are about to get a trading bot, you will need to consider how it performed in the past. Users sometimes may lack this knowledge. This can lead to incorrect data analysis, resulting in poor performance.
2. Safety of Funds.
You can’t rule this one out. Are you sending your funds to a secured wallet? You have to be sure. Centralized exchanges (CEX) sometimes suffer hacks. Decentralized exchanges (DEX) might be the way to go, but they have liquidity issues.
3. Intellectual Property Protection.
Bot creators don’t get the credits they deserve. Sometimes they are poorly incentivized for their efforts, causing them to hide their system from platforms and investors.
4. Marketing.
It’s not all about creating trading systems. Marketing is also important. Bot creators may not know where to sell their services, or how to talk to users to use their services. This may result in keeping the bot to themselves.
That was a long ride! isn’t it? Let’s take a breather before we continue.
What is RoboFi
Remember we have been talking about financial trading bots.
RoboFi is a decentralized platform that provides a marketplace for crypto trading bots, also providing Initial Bot Offering (IBO) services, allowing users to increase their earnings simply and securely.
RoboFi is powered by DAO bots. What is a DAO bot? These are specialized AIs that run on the DAO server. The DAO bots follow the DAO principles which stand for “Autonomy”, “Decentralization”, and “Openness”.
Oh! I forgot to say,
DAO means Decentralized Autonomous Organization. An autonomous entity that is governed by smart contracts. It includes a group of persons that owns the token for a particular project.
Features of RoboFi
RoboFi provides awesome Features that can benefit users. For starters, you will need the VICS tokens. An ERC20 token that will empower you in the RoboFi ecosystem.
Now that you have your VICS token let us explore the features of RoboFi
1. RoboFiStores.
On the RoboFiStore you can see all the available DABots in the RoboFi ecosystem. DABots are Decentralized Autonomous Bots that are powered by smart contracts. However, you can track the performance of these bots.
There are three types of DABots.
• DEX DABots: they trade on the DEXs and accept staking of the ERC20 tokens, as well as the BEP20 tokens.
• CEX DABots: they trade on the CEXs, and offer tradings also in the equity market and Forex. Accepts staking of stablecoins and cryptocurrencies like ETH and BTC.
• FarmingDABots: provides DEXs with a liquidity pool, while earning commission fees. It only accepts the staking of cryptos that are supported by the liquidity pool.
2. RoboFiTreasury.
The RoboFiTreasury allows users to deposit their cryptocurrencies, while it converts them into sToken. sToken is the converted copy of your cryptocurrency. The conversation rate is 1:1. That is, you deposit 1 ETH, and you get 1 sETH. The sETH can be staked on a CEX DABot. You can always redeem the sETH at the RoboFiTreasury, to get the ETH you deposited.
3. RoboFiExchange.
This is where you can buy and sell certificate tokens that are issued by DABots. The certificate token is used to claim staked rewards and also to get back the tokens that you have staked.
4. RoboFiLending.
It offers you the platform to deposit a crypto asset and borrow another that is accepted by the DABot Community.
Let’s say you want to join the community, and you don’t have CAKE or BNB. You deposit your WETH as collateral to borrow CAKE or BNB. Of course, you know crypto loans are over-collateralized to protect the funds of the lender.
5. RoboFiGame.
These are lucky draw games for DABot managers who own governing tokens. The games are split into two.
1. Between managers that have only one DABOt.
2. Between managers with many DAOBots.
amazingly, your assets are protected so you don’t have to worry about losing them during the gamble.
6. RoboFiEarn.
RoboFiEarn enables you to be your own bank, earning interest on every asset you deposit on the platform. Without worrying about price fluctuation.
Why You Should Consider Using RoboFi
RoboFi is a decentralized full packaged crypto trading bot solution that allows you to increase your earning depending on your risk appetite.
It offers solutions such as staking your crypto assets on DEX DABots or Farming DABots for a high ROI. And purchasing DABots governing tokens with a risk-free reward.
Plus, you can leverage on lending to boost your staking rewards.
To learn more about the RoboFi ecosystem, I want you to join our ever-growing Telegram community @ RoboFi($VICS Token).
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