Introduction
As far as many technology experts and analysts go, blockchain is the biggest digital creation of all times and cascades a plethora of benefits for the global marketplace and economies. Yet in the real world, it would appear that the bespoke technology is still an idealistic concept, whereas some developed nations have already begun to leverage on it for myriads of use cases.
Really, its no rocket science that more than half of the world's population are ignorant of blockchain, talk more of the possibilities that it portents. The mechanism is considerably technical and to some extent, cladenstine, hence, its evasive nature. Well that's just one side of the story.
Even amongst those that are in the know of the technology, it appears that majority only have fragmented ideas. Many times, when the topic 'blockchain' is mentioned, what immediately comes to mind is cryptocurrencies and ICOs. Indeed there are all closely related but, the truth of the matter remains that cryptocurrencies and ICOs are merely use cases of the distributed ledger technology, 'blockchain' just like smart contracts and co.
Upon closer examination, the reason for this misinterpretation is not far-fetched. ICOs are invariably the most prominent use case that have become commonplace on many media fronts, including newspapers, search engines, and the electronic media generally.
Unfortunately, many ICOs today are potential scams. The truth is the markers are sometimes obvious because they often come with tales that are too-good to be true. Sadly, it manages to still steal the fancy of many crypto-users.
After realizing that they've been defrauded, its unlikely that they will ever partake. Now, in light of the erroneous assumptions that blockchain and ICOs are the same, we have an increasing population that wants nothing to do with blockchain, hence the reason for its justifiably low adoption in the world of today.
Light at the end of the tunnel....
At this junction, it still appears that the fastest way to swiftly rewrite this script is to approach through the backdoor of the emerging crypto-finance sector.
We live in a dispensation wherewith almost everything can now be facilitated through automation. As an apt depiction, new and existing crypto traders do not have to babysit their portfolios vis-à-vis trading, all through the day anymore, as trading bots have already been created. This invention that was practically non-existent upon the initial arrival of blockchain, is a big deal now- as it is very efficient and exonerates the original portfolio owner of unnecessary stress that would have otherwise been developed in the process of shuttling from one cryptocurrency exchange platform to another.
Bottlenecks associated with existing trading bots
Trading bots are systematically programmed virtual tools that basically act in the capacity of the actual account owner (i.e trader) as, they are equipped to help hedge funds, manage portfolios, and maximise profit. Well, the reality of today is that majority of the existing trading bots are underperforming in nearly all of the aforementioned regards.
It's no news that existing trading bots are easily susceptible to hacks, because for the most part, they are backed by poorly shielded servers, and knowing fully well that the individual API keys are likewise stored here, further assensuates the risks of engagement.
Obviously there is need for a better alternative.
The rest of this article embodies an extensive review of a promising player in this regard; Wolfpackbot.
Let's dive in!
Why WolfpackBot?
Unlike many existing trading bots, wolfpackbot is a much superior trading software which is yet native to the cryptosphere. The setup and algorithms are highly advanced and specifically tailored to arrest the bottlenecks of existing tech and adequately act in the best interests of the respective traders. Notably, WolfpackBot's operation is driven by the wolfcoin which has its own designated blockchain.
WolfpackBot is a much viable alternative to existing bots for the following reasons:
- It's processing speed is very remarkable. In fact, it is not out of place to say that it processes buy/sell orders and fills at lightning speed.
- Traders' API keys are much safer because there are not remotely stored on the servers.
- It allows traders to access real-time price discrepancies on multiple exchanges and effectively position, to hedge funds & maximise profits.
Features of WolfpackBot
WolfpackBot hosts a range of very interesting features that will undoubtedly better user experience. Some of them are compelling to review.
WolfpackBot Trading Software
Here is a super-intelligent software that is typically pre-installed together with a hardware wallet on the wolfbox. This trading software employs proprietary trading algorithms that effectively shields the actual porfolio owner from major losses that are associated with cryptocurrency trading.
Alternately, using bots can sometimes be disadvantageous because of their limited capabilities, unlike actual humans. In light of the embedded codes and programmes that are typically pre-written by the creator, bots may prove to be rigid. Worse still, at a time whereby a momentary turnaround strategy is what is actually required to benefit from say, a market price discrepancy across exchange.
WolfpackBot's trading software is specially unique in this regard, as it also has user customisable settings that are detailed to suit various market situations, e.g whether it be a side-ways, bull or bear.
WolfpackBox Hardware Console
The hardware console is an additional feature, whose use is optional. As earlier mentioned, it is comprised of WolfpackBot's trading software and the hardware wallet. WolfBox is remarkably secure and has high processing speeds. Users can choose to use it, for the want of something actually tangible rather than an absolute virtual setup.
Benefits of WolfpackBot
The following are some potential benefits of WolfpackBot in the cryptosphere:
Security of funds and maintenance of information confidentiality
When it comes to cryptocurrencies, security is a major determining factor that the project will live to witness the light of day. WolfpackBot's design and architecture is such that it gives very infinitesimal room for cyberattacks (I.e hacks) or the activities of spybots. And, it's simple!
Rather than storing the user's API keys on dedicated servers, only the user has control and access over it.
Quick and easy access to multiple exchanges
One of the foremost challenges that crypto traders face today is the stress of having to monitor their portfolios across exchanges. It can truly be an exhausting process. Interestingly, WolfpackBot's innovative design will have access to major cryptocurrency exchange platforms including those that are subscribed to the bot. This way, management of portfolios would be much easier and swift.
Aside, traders will be able to easily reap from the price discrepancies of their assets across the ailing exchanges.
It would also interest you to know that it will rake in profits for traders by facilititating swift fills for buy/sell orders based on real-time market price pumps. Alternatively, if there is a perceived dump, it will quickly convert the less valued assets to more valued assets, so as to hedge funds and minimise the risk of losses.
Promotion of mass adoption of blockchain technology
From the foregoing, its safe to say that WolfpackBot is truly a potential gamechanger. Even so that i am confident that it will elicit a positive effect on the perception of not only individuals but also organisations, about blockchain. And surely, this will go a long way to fasttrack the campaign jeered towards mainstream adoption of blockchain in the real world.
Use Case
James is a Uber driver. On the side, he deals with cryptocurrencies, specifically exchange trading. In the last six months, he has done a good job of accumulating quite a portfolio for himself. But it's getting increasingly difficult to effectively monitor and keep abreast of real time changes in the market.
These days, he hardly even gets three hours of sleep before obtaining another client alert. James is really pained that he is loosing out on the scoops of the crypto market but, what can he do?
His trading bots are anything but flexible and poorly equipped to effectively manage his portfolios.
Eventually, he gets to learn of WolfpackBot. This way he gets to finally eat his cake and have it.
Conclusion
Edmund Burke once said,
the only thing necessary for evil to thrive is that good men do nothing.
Obviously, there's no evil being perpetrated here, but figuratively it only begs to stress the essence of availing better alternatives in any facet of life, not just cryptocurrency or blockchain.
However, zeroing in on blockchain and the cryptocurrency sphere, it is imperative to point out that WolfpackBot is actually doing a great deal of good work.
I strongly believe that it will have a huge part to play in shaping the much anticipated digital era that is soon upon us.
Token Distribution
Team
For more information:
WolfpackBot Website
WolfpackBot Whitepaper
WolfpackBot Telegram
WolfpackBot Twitter
WolfpackBot Discord
WolfpackBot Facebook
BountyOx Username: michades97