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What is investing in algorithmic trading?
Algorithmic trading is a semi-DeFi product on the Waves blockchain that is driven by the automated market order execution system based on pre-programmed trading commands or specifications.
You can invest in algorithmic trading. The invested funds are accumulated on the Waves blockchain and then proxied into algorithmic trading strategies among few centralized exchanges, like Bitmex, Binance, Okex, etc., part of the invested funds are also used on WX.Network.
Investing in algorithmic trading is associated with high profit and therefore, there are some risks. You can learn more about any possible risks in terms of investing in the Algorithmic Trading available on WX.Network.
When you invest in algorithmic trading, you can select the risk level of your investment on your own (either Moderate or Aggressive). Based on that selection, you receive a certain type of ALP tokens in return. ALP is the assurance token that proves that your tokens are invested in the smart contract.
You can withdraw your tokens at any time, i.e. exchange your ALP tokens to the tokens that you originally invested at a new price. Your income is the difference between the ALP price when you invest and the further price fluctuations when your investment is over.
How to invest in Algorithmic Trading
First, log into your account in the WX Invest app, navigate to the Investments page and click on the Algorithmic Trading panel.
In the next step, choose the token you want to invest in Algorithmic Trading (for example, USDT).
After choosing an investment token, you will be redirected to the Algo trading tab, where you can familiarize yourself with the investment conditions, select the risk level of your investment (Conservative, Moderate or Aggressive), and invest your funds. Just click on the Stake button to invest the token.
Once you click on the Stake button, you will need to fill in the form: enter the amount you want to invest in the I send field (in the I receive field will appear the approximate amount of the ALP token that you will be able to claim).
After that, check the box I agree with rules, after reading the rules, and click the Invest button.
Note: the amount displayed in the I receive field is calculated based on the latest price of the ALP token, so the actual amount of the received ALP may differ from the displayed amount.
Clicking the Invest means you create a request to exchange the invested tokens for ALP tokens. You will get ALP tokens from a smart contract after the end of the settlement period by clicking the Get button in the Algorithmic Staking transactions field.
Note: The exchange will take place at the new price of the ALP token, which will be calculated immediately after the end of the mentioned settlement period. The notification about the end of the settlement period shows your local time in a 24-hour format.
How to Withdraw funds from Algorithmic Trading
To withdraw funds from investment, log into your account in the WX Invest app, navigate to the Investments page and click on the Algorithmic Trading panel.
In the next step, choose the token you want to withdraw from Algorithmic Trading (for example, USDT).
After that, click on the Unstake button to continue the withdrawal.
Next, enter the amount of the token you want to withdraw from the Algorithmic Trading. In the I receive field will appear the approximate amount of the invested tokens that you are eligible to receive.
After that, check the box I agree with rules, after reading the rules, and click the Withdraw button.
Clicking the Withdraw button means you are about to create a request to exchange the ALP tokens for the invested tokens. You will get invested tokens from a smart contract after the end of the settlement period by clicking the Get button in the Algorithmic Staking transactions field.
Note: The exchange will take place at the new price of the ALP token, which will be calculated immediately after the end of the mentioned settlement period. The notification about the end of the settlement period shows your local time in a 24-hour format.
Frequently asked question
Question: I have invested in algorithmic trading, but the invested tokens are not displayed in my account. Why?
Answer: Probably, you did not take the ALP tokens that you received in return for the invested funds from the smart contract. To transfer ALP tokens to your account, click the Get --- button in the Algorithmic Trading Transactions section.
Question: Why is the Get --- button unavailable?
Answer: You can transfer ALP tokens from a smart contract to your account balance after the expiration of the settlement period. The notification about the end of the settlement period shows your local time in a 24-hour format.
Question: I don't receive daily income. Where is it?
Answer: The Algorithmic trading income is not credited to the investor's balance periodically (daily or weekly). The investor receives income once it withdraws invested funds (or part of them) from Algorithmic trading.
The income depends on the price of the ALP token at the time of investment and the price of the ALP token at the time of funds withdrawal from Algorithmic trading.
Question: What is APY? What is the maximum historical drawdown?
Answer: APY is the annual profitability of a product, calculated on the basis of data for the entire lifetime of Algorithmic trading. It does not depend on the amount of your investment.
The maximum historical drawdown is an indicator of how much the ALP token price can decrease. It is based on data for the entire existence of Algorithmic trading.
Question: When will the investment limit be updated? When I am able to invest?
Answer: Sometimes, when you hover over the Invest button, you can see the following notice: Beta mode. The investment limit has been used up for today. Please try again after ... (time). It means the investment limit has been reached by other users. You can invest after the time indicated in the notification. It is your local time in 24-hour format.
Question: I do not have enough tokens to pay the fees for withdrawing funds from Algorithmic trading?
Answer: To pay the fees you can buy XTN/BTC using a bank card or transfer Waves, BTC, ETH, USDT, USDC, XTN, LTC, or CRV from another cryptocurrency wallet or exchange to your WX.Network account.
Question: How can I invest in BTC algorithmic trading?
Answer: We are currently improving our trading strategy and along with other measures, we are suspending the investments in BTC algorithmic trading. The withdrawal of BTC from algorithmic trading is available.
If you have any questions related to WX.Network, feel free to contact us via customer support.
tags: algo algorithm algorithmic bot algotrade aglobot algotrading wx invest