Algorithmic Cryptocurrency Trading Platform AESIR Launches today
Tomorrow, May 12 2023 Marks the culmination of two years of work and countless cups of coffee consumed by a small (but rather agile) team which I’m part of. Being part of this startup so far has been an incredible journey and I can’t wait to take AESIR to the next level.
AESIR is an Algorithmic Cryptocurrency Trading platform, that we built with the community at its very core. We’re very lucky to have had the opportunity to hold multiple discussions with hundreds of traders and cryptocurrency enthusiasts that helped us shape AESIR into a unique product that people actively asked for.
So grab yourself a nice cup of tea, coffee or any other beverage and let me tell you a story.
It’s early 2021. The Crypto market is booming and everyone is out to find new ways to profit from the overwhelmingly bullish crypto market.
Particularly in a bullish crypto market, you typically have an odd coin here and there doing a 100x. It’s pretty rare, but when it does happen it rapidly fills everyone with FOMO. It’s like someone throwing a bunch of rocket fuel on a fire. But when you get the FOMO is usually too late.
So what if you could somehow predict and catch a ride on some of these incredible spikes by figuring out at what level of volatility that threshold is?
So here I am open-sourcing a crypto trading bot that I had been working on for a while. I called it the Binance Volatility Trading Bot. It was a relatively simple trading bot that’s meant to help traders detect surging assets, ride the uptrend and sell at the top. It works by allowing the user to input several configuration options but the main ones are: Price Change and Timeframe.
For instance, you could use these two configuration options to look for coins that Gain more than 3% in the last 5 minutes. The Binance Volatility Bot would then look scan ALL coins on Binance and purchase every coin that matches the criteria. Other options such as Trailing Stop loss were also added in order to ensure that a profitable positions continues to stay open so long as the trend continues.
The project got a lot of attention on Reddit and GitHub, and a community was…