How to earn the best revenue from your trading algorithms

Crypto trading algorithm developers have spent precious time creating top-notch algos that win profits on crypto exchanges. With this being said, how can an algorithm dev be sure they’re getting a fair deal when they choose to rent out a trading algorithm?

Certain major trading bot marketplaces use a fixed income model for their partnered developers. While there are benefits to using this payment model, a major disadvantage is that it pays all developers the same rate regardless of their algo strategy’s performance.

Take into account that these marketplaces often charge an up-front membership fee for developers just to put up their algorithm. Additionally, there are commission fees to take into account, where these platforms will take a hearty percentage of the profits your algorithm won.

How is UpBots different?

UpBots has created an ecosystem where “everyone wins or nobody does”. That not only pertains to our user base, but to algo devs as well.

The team at UpBots is striving to provide algo developers with the best opportunity possible to host their profit-winning algorithms on our trading bot platform for all users to enjoy.

First off, there are NO up-front costs or deployment fees for any dev on UpBots. There is 0 obligation to stay on the platform and no restraints in how you conduct business off it.

We put the commission percentage into the hands of the developer by letting them set their own fee rate. You’ll be given the freedom to set your own commission rate to between 2% — 9.25% of the trading profits users make using UpBots trading bots powered by your algorithm.

The sky’s the limit!

Perhaps the best part of this system is that there is no limit to how much money an algo dev can earn, as long as their strategy is in profit.

Hosting your algorithm on UpBots provides algorithm devs with all the joys of earning a passive revenue that can go as high as their algos bring them.

Just how much can an algo dev make on UpBots? Let’s look at an example.

If you, as an algo developer, decide to set 5% for performance fees, and total users volume on your algo bot is equivalent to 1,000,000 USDT, and your trading bot’s last trade made 8% profit, then you would get 5% of total profits (80,000 USDT)and your commission on that single trade would be equal to 4000 USDT.

How does that sound?

You can submit as many of your algo’s to our QA team for testing as you wish (no code access necessary) and at any time you change or withdraw your algos. We also do not insist, nor in any way limit you if you wish to also host your algo’s on other competing platforms.

We don’t need to as we know that eventually if your algo’s perform you will make vastly more profit from UpBots than competing platforms.

Everyone wins or nobody does

A word of warning however, we are very serious about this part of our Ethos. It’s baked into the platform in that if your algo loses a trade the user will receive a virtual credit on the trading bot for the value of the commission that should have been taken were the trade a win.

This is good for you as that virtual credit will help ensure they give your algo another chance, however it means on the next winning trade you may not receive much/any commission.

This virtual credit also affects UpBots — as we will not receive any performance fees either.

So there you have it! If you’re ready to move forward and share your algo with us then feel free to follow this link to get started.