Blog mania BTC: (OptiToken) An Algorithmically Traded Hyper-Deflationary Cryptocurrency

Monday, March 12, 2018

(OptiToken) An Algorithmically Traded Hyper-Deflationary Cryptocurrency

hi guys

The project OptiToken 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.

Problems and Solutions

Problems with Automation

The major problem to date is failure of robust and consistent safety measures. For example, in 2012 Knight Capital lost a total of $440 million dollars when its stock trading automation accidentally sold all the stocks it had bought the previous the previous Wednesday. Optitoken’s theory on prevention of such events is to split the actively traded portfolio into smaller groups based on different fail-safe measures and also different strategies. A portion being left to human trading and rebalancing. Furthermore, OptiToken seeks to create customized solutions by working with the exchange itself to implement backup fail-safe measures and controls.

OptiToken’s Solutions

OptiToken is actively researching mechanisms peculiar to the space and will eventually implement learning patterns and behavior based on cryptocurrency metrics such as mining, transaction volume, hashing power movements, mempools and more. We believe these fundamental numbers tell the story of true sentiment and can be acted upon in small sized trades to "squeeze profit." We believe that this type of trading is best when done only with a small portion of portfolio as to hedge against its inherent risk, yet still allows accumulation of significant profit over time.

Token

Optitoken is an ethereum ERC20 that token derives its value from buy pressure created from trading profits among a selection of some of the most promising and actively developed cryptocurrencies on the market.