We have two good news today! Both of them are interconnected, as the first will focus on our new partnership, and the second on specific benefits that it will bring to the project.
Recently we have begun working with https://t.me/AlphaTradeZone! Their purpose is to assist the broad audience of crypto enthusiasts to discover the crypto markets and educate them in order to be more independent in taking the decisions.
Today they become among top-3 winners on ByBit Trading Contest — https://blocktv.com/watch/2019-12-13/5df38edbc8dd2-bybit-trading-contest-over-winners-share-50-btc-in-prizes!
Initially, our focus will be on the implementation of our idea as presented below. If all goes well, we would expand upon the partnership.
It is far from a secret that all skills needs training to be successful. Whether it is an incredibly talented athlete, or even a singer, practice is simply a necessity not only to maintain your ability at a high level, but also to further develop it.
In fact, this is the basis of success in any field. Such a specific area of activity as crypto trading is no exception. In the framework of this young profession, the need of traders to update their knowledge and constantly gain experience is the main component of success, arguably more so than anywhere else.
But for these purposes, you need infrastructure, a place or platform which will provide an opportunity to train and hone skills. For athletes, this is an athletics track or stadium, for singers it can be a music studio.
And as for crypto traders, Ubikiri will become their training ground!
Our first step — an online battle for training traders with virtual money, with the help of real exchange rates and with the opportunity to win real money! Our new partners from https://t.me/AlphaTradeZone will be responsible for attracting traders for the game, and we will provide all the technical coverage through Ubikiri.
We will add elements of gamification to it to encourage more active involvement, as well as a competitive element to drive and motivate the participants. This will make not only participation, but also following the game much more exciting.
Exchange rates will be taken from the API of real exchanges. The schedule will be updated periodically once every 1 minute. The duration of the game being up to one month.
To go a little deeper into the process, it will look like this.
1. The trader enters the in-game room, after submitting an entry fee, from which the prize fund will be formed.
2. Each participant is given a starting balance, consisting of virtual money.
3. After that, they can begin to carry out transactions through buy and sell orders.
4. At the end of the game, the winner will be determined by total profit.
He can also monitor the balances of other participants in real time, which will be sorted by total profit.
Our new partners from https://t.me/AlphaTradeZone will be responsible for attracting traders for the game, and we will provide all the technical coverage through Ubikiri.
But it’s just the first part of our intentions regarding that. Our next step — a product that solves one of the key problems for a trader — the problem of proving its success story. We offer a solution to this problem — recording trader’s operations in our blockchain.
Because due to this, it is impossible to change the history of operations. By passing the key to the client, the client can turn to our blockchain and get the history of the operations of the professional participant which is objective in nature.
Finally, we will create a service that allows the user to acquire information about the trader’s transactions or trading signals online. The user can quite easily choose a trader by efficiency, looking at the public part of the history of its operations.
All these things will significantly contribute to the popularization of our platform and our cryptocurrency, LAW. But this is only just the beginning.
Also, let us announce a bit about what we will tell in the upcoming news:
1. How our Traders Battle will lead to the exclusion of investment funds as intermediaries between investors and traders/developers of algorithms (investment strategies).
2. What is “Wallet as a Fund”.
3. Why for so long (a couple of weeks) there was little activity in the IDL repository, what our developers were doing and how Ubikiri now works with the Binance API.
4. How the marketplace of application services for customers appeared in Ubikiri and what will happen next.
Stay tuned!
