Key takeaways
Algotech has concluded its second presale round, with more than $3.5 million raised so far.
The project seeks to provide AI solutions to the fast-paced world of cryptocurrency trading.
The Algotecth presale has been moving smoothly and it recently set another important milestone. Investment in the project continues to grow as the broader cryptocurrency market looks to surge higher in the coming weeks.
What is Algotech?
To understand why investors are buying into Algotech, you need to understand what the project is and the solution it offers to users.
Algotech is a cutting-edge decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading. According to their whitepaper, Algotech’s platform comes with advanced algorithms and machine learning features, helping traders to navigate the complex crypto markets efficiently, precisely, and accurately.
The project is introducing AI to the cryptocurrency trading space. With Algotech, traders won’t deal with the limitations and challenges associated with manual trading as it has a robust infrastructure and sophisticated trading strategies.
Algotech’s algorithms are fast, smart, and accurate, ensuring that traders get to execute precise and consistent investment strategies.
Why should traders use Algotech?
The cryptocurrency market has been bullish since the start of the year, with the total market cap now approaching $3 trillion. As more retail and institutional investors enter the market, traders need to have an edge to enable them to take advantage of the growing capital. This is where Algotech comes in.
The Algotech platform’s advanced algorithms analyze assets across over 1000 unique data points to identify the next breakout opportunities. Its algorithms also ensure that traders can make split-second entry decisions for high-precision trading.
However, a major feature that sets Algotech apart from other trading platforms is the risk-taking measures it has in place. Algotech reduces risk for traders by monitoring market funding levels, availability, liquidity, and spread. The AI-based trailing stops also ensure that traders manage their risk better and protect their trading capital.
Algotech leverages AI to enable traders to identify arbitrage opportunities in different asset pairs and take automated entries. In addition to that, Algoecth offers users access to several trading tools including trading strategies, community resources, and trading education.
Why is Algotech attracting investors?
The Algotech presale is now in its third stage, with 2.5% of the tokens earmarked for this stage already sold. Overall, 89,483,947 ALGT tokens have been sold, amounting to $3,579,357.880.
The impressive numbers recorded by Algotech can be attributed to the project’s strong potential. The team revealed that there would be a total supply of 350 million ALGT tokens. 10% of the tokens have been allocated to R&D and funding for testing, durability and performance on the current and new algorithms.
10% of the total token supply has been allocated for support in promotion and bounty to partners. The founders will hold on to only 7% of the total supply while the team gets a 3% allocation. Finally, 70% of the total token supply is available for public sale (including marketing).
ALGT is an ERC-20 token and is set to offer holders a reward system that incentivises long-term investment and engagement. Token holders will also have governance rights within the Algotech ecosystem.
Should you buy the ALGT token now?
The Algotech third presale round has begun, which means that the token now goes for $0.08. So far, the project has raised more than $3.5 million in less than a month.
Historically, presale is the best time to invest in a project as it gives investors access to the tokens at a discount price. With the right level of adoption, ALGT could become an excellent token in the medium to long term.
The Algotech platform presents traders with multiple arbitrage strategies that enable the platform to earn profits by exploiting price discrepancies across several exchanges.
As a token holder, you will be entitled to a certain percentage of platform trading fees. Token holders will also get to participate in governance votes, community proposals, and qualify for potential airdrops in the future.
Read more about the Algotech presale here.
