As of now the only supported exchanges for this strategy are, Binance, Kucoin, Ascendex, and Gate.io
Reward Pools
To see a list of all coin pairs with their unique weekly reward pools and current amount of competing bots click this link here:
https://miner.hummingbot.io/markets
How Does This Strategy Work?
The LM Premium Package bots available for purchase earn their return rate based on a variety of factors which include:
- Which rewards pools they are trading/competing in?
- How many other bots are also competing in this reward pool? (see image/link above)
*** Please note: The LM Bot cannot earn more than what the weekly reward that is being offered by the coin pair for which it is trading
Furthermore the each bot can ONLY trade one coin pair at a time. If you would like to run multiple LM Bots of strategy type I charge $25 per additional bot.
Example
Lets say for example your bot is trading in the reward pool of AVAX-USDT, and the total weekly rewards offered to all competing bots (including yours) is $1042.
This means that if your LM Bot was the ONLY bot trading in this reward pool, you could potentially earn the full reward pool amount of $1042 per week.
This is an unlikely scenario as when you click the link you will see almost all rewards pools have some bots competing in them.
Since your LM Bot is competing with other bots the total reward pools profits are split between all competing bots.
So your total rate of return or profits will fluctuate and is defendant on these factors alone and not simply a flat rate of return.
Testimonial
Now for a personal experience on what I have been able to accomplish for my self.
When I first built this strategy, I was only using a single bot, trading in a rewards pool of $350 a week and only competing against 6 others bots.
Now the amount of other competing bots did fluctuate throughout the week I was trading, but 6 other competing bots seemed to be the average at the time.
At this point in time I was only using less than $130 to trade with and I was earning an average of $30 a week.
The next week I earned nearly $40 as the number of bots competing grew to around 13 for the coin pair I was trading that week.
The following week was $37 with the same number of bots competing.
As you can see your profits and rate of return fluctuate are never set in stone and can fluctuate based on the factors mentioned above.
Multiple Bots
I later changed my strategy which now uses a total of $250 to trade with split between 3 separate bots.
These together were able to bring in just over $50 per week. I expect these to fluctuate in the coming weeks, but the illustration of how the bot operates holds true.
How does the Strategy Work?
I unfortunately cannot share all the details to this strategy, but what I can share is this.
The strategy maximizes your earned rewards through the Hummingbot Miner platform , while at the same time reducing your risk compared too normal trading as your profits are not solely dependent on how much money you invest.
If you have little capital to begin trading with, or your looking for consistent profits on without having to risk large amounts of money then this strategy is for you.
Here is further breakdown: The bot works to maximize your earnings by keeping your orders “open” for the required spread of whatever coin pair you are trading. If your trading the coin pair AVAX/USDT and the minimum spread is 2% then your bot keeps all your orders open under 2% for the entire campaign period. During this time your bot is not necessarily filling orders to make profit but simply earing rewards that are being distributed to miners who have open orders on the books
Upon purchasing this package will will receive a full in depth guide and explanation as to your to operate this strategy on any market pair.
For more details on Premium Bot return rate see here, for an overview explanation on how crypto bots work see here:
If you would like to purchase or message me about further questions you can do so on my order page here:
https://www.fiverr.com/israel_landes/install-configure-a-crypto-trading-bot-on-local-pc
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