Robot Trading claims to be an automated cryptocurrency trading system. Find out if it’s a legitimate investment opportunity today in our review.
What Is Robot Trading?
Robot Trading, found online at RobotTrading.online, is an automatic cryptocurrency trading system based on advanced algorithms. That system claims to consistently generate profits for customers.
Obviously, you can find hundreds of “trading robots” online today. Some of these robots can consistently generate good returns for investors – and they have the historical data to prove it. Other, less honest trading robots, make enormous ROI claims without any proof to back them up.
The platform revolves around use of the Robot Coin cryptocurrency.
Is Robot Trading a good investment opportunity? Or is this yet another automated cryptocurrency trading system with limited evidence? Let’s take a closer look at how it works.
How Does Robot Trading Work?
Robot Trading promises to provide the best trading results. The company’s ICO is taking place throughout the end of 2017. 100% of funds raised from the ICO will be put towards the automated trading robot. Meanwhile, all Robot Coin token holders will receive 50% dividend payouts through the platform, with dividends paid yearly on July 1.
Overall, Robot Trading claims to be “the best and the quickest rewarding ICO with the lowest cost of operation”.
Robot Trading claims that its trading platform is superior to “self trading”, also known as manual trading. Self trading, they claim, leads to wasted time, higher risks, and higher charged fees. Their robot trading, on the other hand, claims to lead to fees of close to 0% when trading on major exchanges like Poloniex and Kraken. Automated trading systems can also generate profit 24 hours a day.
Ultimately, the Robot Trading whitepaper doesn’t go into much detail about how the trading algorithm will work – like what kinds of signals it will use, or what kind of historical success the trading algorithms have had. It’s unclear if development on the trading platform has already begun, or if it’s scheduled to begin in the future.
The Robot Trading ICO
The Robot Trading pre-ICO took place from October 24 to November 2, 2017, with the general ICO taking place from November 3 to December 24, 2017.
1% of the total supply of tokens were sold during the pre-ICO, with 10% of the total supply available during the ICO.
Of the remaining total supply, the company is scheduling 59% for its “round 2” ICO, which will take place in 2018 after their first profit dividends are launched. 30% of the total supply is reserved for the company, although it won’t be distributed until after the first profit dividends are sent to investors. The first profit dividends are scheduled to be sent in July 2018.
100% of funds raised during the ICO will be used in the trading system.
During the token sale, 1 ETH = 10,000 Robot Coins.
Who’s Behind Robot Trading?
Robot Trading is being developed by a Thailand-based company called Next Generation Technology Co. Ltd. Founded in January 2017, the company is listed under Thai corporation registration number 0115560000336. That corporation is genuinely listed with the Thailand Board of Investment.
Key members of the company include Pongpolchai Thaweecharoenkij (Founder and CEO), Anurak Fakpiam (MD Technology), Sakda Cankasai (MD Financial), and Ukrit Wongpipattanopas (MD NOC).
All four executives also work for Otaro Co. Ltd and Otaro World Corporation Co. Ltd. These are telecom companies based in Thailand.
Robot Trading Conclusion
Ultimately, Robot Trading is an automated trading platform that promises to generate smart profits from cryptocurrency trading. The platform claims to pay users annual dividends from cryptocurrency trading. Anybody who holds Robot Coin tokens is eligible to receive dividends.
There are some unusual things about Robot Trading available online. Robot Trading never reveals any details about its platform. They don’t explain the historical performance of their models, nor do they explain what types of returns the robot has generated in early testing. There’s an overall lack of transparency about development of the trading robot. There’s also the fact that just 11% of the total supply of tokens is being sold through the pre-ICO and ICO stage 1, with the remaining tokens split between the team and reserved for a stage 2 ICO in the future.
To learn more about Robot Trading, visit the platform online at RobotTrading.online.