Good day guys, i trust you all are having a wonderful day, God bless.
Today, i will be reviewing the "AUCTUS"
This DApp was actually brought to the fore as a retirement plan for the retirees and investors.
Therefore AUCTUS can be defined as a smart contract powered retirement solutions.
The need for financial advice has risen to the core because of the various financial problems looming large all over the world today. Various factors have jeopardized the future benefits or income of people from different part of the world.
Due to the aforementioned challenges auction finds a means to put the retired people back in control of their retirement plan by giving them access to block chain base and which allows them to develop optimized portfolio of cryptocurrencies stock.
PURPOSE OF AUCTUS
Auctus seek to strike out the retirement planning industries by using smart contract and ethereum blockchain technology.
For adequate compliance and regulation, all the rules are always encoded in ethereum blockchain.
METHODS BY WHICH AUCTUS WORk
The most feasible feature of auctus is the smart contract auditable code. The auctus development team makes use of smart contract auditable code
OBJECTIVE OF AUCTUS
It is a decentralized transparent platform, it is a saving platform for traditional equity on cryptocurrency investment.
CHARCTERISTICS OF AUCTUS
1).It is transparent and has no trust issues
2).It allows operating and consulting analysis
3).The decentralised platform gives the user an integrated overview of all retirement savings.
4). It will enable the users to make a proper and well informed decisions.
5). It allows for a concrete mix of cryptocurrencies and traditional investment.
Let us see how to register
Website: https://auctus.org
At the right top corner, there is a three dotted like line
Click on the line, and you will see signup
do so with your facebook or gmail, after signing up.
you will be asked to upload a profile picture , after that you will be redirected to the main page. Where you will be landed on the market page first.
Something like this:
On the top left corner of the page, you will get an avatar, name and the number of stars you have as trader, your position in the ranking as well as your performance.
On the top bar you you will find your balances.
EQUITY :the total value of your account, you start with 100.000USD available to open position.
BALANCE: This is the amount you have in dollars
AVAILABLE: This is the amount of dollars you have that is completely free.
3. On the left bar you can navigate through the page sections
Portfolio
Watchlist
Invite your friends: get refferal code to invite your friend and get AUC
4. There is a search bar where you can quickly find any asset or trader to go to their page
5. On the top right corner, you will find a brief market overview, so you can keep track of the asset of their interest while using the platform.
To open a position
Go to the market section, choose what you want to trade and click on the blue button trade, which will bring you to assets page where you can briefly see what prices are like.
E.g
To have access to the watchlist, click the blue star "FOLLOW"
Scroll down a little bit you will see the form to open a position
TRADING CONTEST
On auctus, you can compete with other traders and earn prices
There are two types
Monthly: where only the top three are rewarded
DAILY CONTEST
This rewards the individual based on his best trade of the day. It must be opened and closed same day.
Withdrawal
Once you have up to 1000AUC from prizes won, you can withdraw them , to do that just click on "withdraw" button below your profile stat.
Problems auctus are facing
1).Lack of engagement
2).poor governance
3).inadequate communication
4). Changing lifestyle
5).record low yeilds
6).hidden cost
Reason Auctus is a good investment.
1).Enables a decentralised market
2).trust
3). It is global
4).community driven
5).blockchain robo and human advisor tracking record
6). Smart contract powered fee structure
7). Fee transparency.
Advantage over others
It is the most reliable
CONCLUSION
The auctus is a wonderful financial platform, i hope this article helps you to enjoy the features of the platform, also hope you learn, try and interact with other traders to improve your skill fast. You can also visit there website for more, it is stated above.