As a community-powered crypto incubator, we are committed to discovering and working with promising projects in their earliest stages of development. Practically, this means seeking out untapped potential, burgeoning ideas, and captivating projects in every corner of the crypto industry.
Every now and then, we spot a project that has the potential to address a strong unmet need in the market through a clever, intuitive system that just makes sense. Our latest incubation project — TruePNL — is one such platform.
TruePNL is a platform that looks to break down the barriers to cryptocurrency trading through an easy access robo-trading platform and suite of financial services.
Some TruePNL’s main features/capabilities are:
- Automate your trading, free up time, and generate potentially impressive returns using algorithmic trading bots.
- Earn a passive income through 24/7 automatic trading with low, medium, or high-risk strategies.
- Copy the trades of a professional trader (copytrading) or register as a professional to earn commission from copytraders.
- Earn rewards in PNL for contributing to the TruePNL ecosystem — such through trading competitions, algorithm hackathons, and portfolio challenges.
As an incubation tier project, TruePNL will receive a wealth of support from DuckDAO and our partners to place it in the best position for long-term success. We will do everything in our power to ensure TruePNL generates the momentum necessary to grow its user base. This will include providing heavy assistance with growth, strategy, and marketing, as well as helping to forge the connections TruePNL needs to realize its latent potential.
Featuring a working product, growing user base, and an incredibly talented team behind it, we believe TruePNL has the makings of something special — and might just be the first robo-trading unicorn in crypto.
What is TruePNL?
TruePNL is a platform that is designed to make cryptocurrency trading safer, more transparent and accessible, and most of all; more profitable through a range of on-chain and off-chain financial products.
Robo-trading Made Easy
TruePNLs first product is a robo-trading platform, which sees both new and experienced traders use carefully configured trading bots to automatically identify and capitalize on trading opportunities using defined rules and patterns. By executing these trades algorithmically, traders benefit from inhuman reaction times and broader market coverage, making for a powerful investment tool.
These trading algorithms are created by some of the cryptocurrency industry’s most successful traders with an extensive track record of success, and are made available via a simple marketplace that allows users to pick and deploy a trading bot in just minutes.
Substrate-powered DeFi ecosystem
Beyond this, by leveraging the power of Substrate, TruePNL has set out to build a suite of financial solutions that are powered by PNL tokens. Some of the PNL token’s on-chain utility benefits will include liquidity staking in DeFi products, impact mining (contribution rewards), and collateral for investing in DeFi portfolios.
Open, secure, powerful
All bots on the platform are ranked based on their proven historical performance and have an associated risk score. Want to achieve the absolute highest returns? Go for a higher-risk bot with strong historical performance. More risk-averse? Go for a low-risk, steady gainer. Whatever the case, TruePNL provides detailed analytics for each bot, and users are free to examine its backtested performance data — ensuring they have all the information needed to make an informed choice.
All strategies available on the platform have been extensively audited by the TruePNL team to ensure they are not only safe to use, but are viable. Unlike other automated trading solutions, TruePNL also doesn’t require users to deposit their funds, since users instead connect to their exchange accounts over API to automatically execute strategies.
For experienced traders, it also provides the opportunity to take your expertise, wrap it into a simple to create trading bot, and earn a commission from its users (in addition to PNL rewards). While users can also subscribe to copy trading, to automatically copy all of your trades in exchange for a passive fee.
All of this is accessible through a simple, intuitive user interface that prioritizes the user experience — making profitable trading something that even newcomers can benefit from.
Find Out More About DuckDAO🐥
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast-track their progress on the path to success.