GoodcryptoX has introduced a leading trading bot that trades algorithmically for users on automated market maker (AMM) platforms and features automation of trading strategies. This new addition makes use of Ethereum’s new standard ERC 4337 to provide increased flexibility while preserving the main principles of DeFi.
Until recently, decentralised exchanges have served as basic token swap sites. An increasing need for more sophisticated trading services came with the emergence of order books and trading bots.
Most of these systems, though, were centralized, which defeated the whole purpose of self-custody in DeFi. With ERC-4337 account abstraction, GoodcryptoX was able to give users a way to automate trades without relinquishing full control over their funds.
Features of the New trading Bot
The new bot has many trading functions which include Marked Screening Automated Buying (MSAB), dollar-cost averaging, limit and trailing orders.
GoodcryptoX bot is different from usual DCA bots who use simple unchangeable models; this bot reacts to price changes, alters custom order sizes, and executes trades in time based cycles.
The platform has an on-chain DCA trading bot which is incredibly unique. With this tool, users are able to start trading and set orders to additional trades on the condition that the market price moves against them, which helps in reducing the average cost basis. It also provides dynamic take-profit and stop-loss levels while enabling multiple strategies like “safety net” accumulation and “volatility scalping.”
GoodcryptoX eyes integration with Solana
Emphasizing the practicality of the platform’s DEX, GoodcryptoX founder Maksim Hramadtsou said that the aim was to make the interface good enough to outmatch centralized exchanges.
To achieve this goal, GoodcryptoX intends to broaden the scope of its service by enabling support for Solana, as well as new automated strategies featuring grid bots, sniper tools, and portfolio rebalancers. The platform plans to distribute a new token GOOD via presale and airdrop, too.
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