Automated Crypto Trading Solution Gimmer Announces ICO, Starts on February 1st
Originally published on: CoinSpeaker
Read the original article
January 11, 2018
Gimmer offers easy-to-use advanced algorithmic trading bots that require no programming skills, no previous trading experience and no in-depth knowledge of cryptocurrencies.
Gimmer has just announced its crowdsale event to raise funds for the development of its breakthrough platform that automates cryptocurrency trading. The pre-sale will begin on January 17th, 2018, while the public sale will start on February 1st, 2018, making available Gimmer tokens (GMR) for purchase by the general public.
Crypto traders will have already had a glimpse of Gimmer’s blockchain-based solution, as an alpha version of the platform was launched earlier in 2017, featuring a host of unique features catering to novice traders just finding their way to power users and veteran traders. And now, with months of feedback and experience on a working product, Gimmer is ready to introduce automated crypto trading for the mainstream market.
Gimmer in a Nutshell
Traders no longer need to wait to see what Gimmer can offer – its Alpha version is already live and caters to more than 800 active traders. Using the sound technology of the Ethereum blockchain, all levels of crypto traders can use the platform to perform automated trading, with beginners able to access AI trading bots, while expert traders can design, build and rent out their unique trading strategies to others for a fee, paid in GMR.
Because GMR tokens power the platform’s bots, trading is no longer vulnerable to emotionally-motivated decisions. Automation means guaranteed discipline of sticking to profit targets and stop-losses. And because Gimmer trades directly through the exchange chosen by the user, the platform holds no trader funds.
Changing the Way Crypto is Traded
Currently, automated trading exists as standalone programs and bots that are highly technical and difficult to set up, meaning only those with significant programming knowledge can use them. Gimmer’s platform will be simple and intuitive, meaning that an entire sphere of traders can now experience automated crypto trading. All they need to start is existing accounts on several recognized exchanges.
Veteran traders will now have access to a market of new traders willing to rent personal strategies and trading bots from Gimmer’s store, opening a new stream of passive income. Beginners, on the other hand, no longer need to invest significant time to learn about individual currency markets, choosing to learn instead from hands-on experience by renting bots with pre-programmed trading strategies. They can choose from their favorite traders, or pick one built by Gimmer developers, many which feature sophisticated AI technology.
Novices don’t need to spend days learning the subtleties of each cryptocurrency, they can simply rent a bot with a pre-programmed trading strategy built by another trader or pick one built by the Gimmer team, some of which will utilize AI technology.
Through state-of-the art AI, trading bots can be used to design and test multiple strategies, while users’ risk profiles will find recommendations of strategies that suit the trader’s skill and appetite. Because bots only follow strategies, they don’t enter or exit trades on emotion – eliminating the most common weakness of traders.
What Lies Ahead for Gimmer
Gimmer supporters will be pleased to know that its development roadmap clarifies the specific objectives and achievements required, along with how funds raised from the token sale will be used and related timeframes. All details can be openly accessed via the roadmap.
Among significant targets will be to release Gimmer as a decentralized application (dAPP), to help make it cheaper and faster, while allowing users to run multiple instances of bots simultaneously. Automation will also be developed to cover arbitrage activities and loaning activities, along with a mobile app this year.
With international experts across the fields of private equity, fintech and trading leading its development, Gimmer benefits from talents that will enable it to achieve what others have been unable to. Its vision of being a dAPP wil also mean that all types of traders from all ranges of skills will have new revenue streams.
Gimmer CEO and co-founder Philipe Comini believes that the $600 billion crypto market of over 1,300 cryptocurrencies, with a daily trading volume of more than $27 billion, means that 26 million crypto traders still have yet to find options for automated trading:
“In the US alone an estimated 80m people invest in mutual funds and over $5 trillion is traded on the forex markets each day. There is huge demand for a crypto platform that can make crypto trading accessible, simple and profitable. Gimmer is bringing the world of cryptocurrencies to the mass market.”
Gimmer Token Sale
The Gimmer pre-sale will start on January 17th, 2018, with only 15 million Gimmer tokens (15,000,000 GMR) up for sale until January 31st, 2018. Following this, the public token sale starts on February 1st, 2018 and will run for four weeks until February 28th, 2018. At least 85 million Gimmer tokens (85,000,000 GMR) will be available for purchase at the public sale.
GMR will be sold at a base price of 1 ETH = 2,500 GMR. Minimum contributions for the pre-sale is 30 ETH, while for the public sale, a 0.1 ETH minimum contribution applies. Big backers during the pre-sale stand to gain better bonuses, starting at 25% bonus for 30-300 ETH, 30% bonus for 300-1,000 ETH, and 40% bonus for contributions of 1,000 ETH or more.
Early backers during the public sale will get 20% bonus in Week 1, 15% bonus in Week 2, 10% bonus in Week 3 and 5% bonus in Week 4. Once token sales conclude, tokens will be listed on authorized exchanges for trading. Gimmer has set a soft cap target of 4,800 ETH and a hard cap of 35,000 ETH.