Lydian-Bot Token which is a utility Token for a cryptocurrency porfolio management and trading bot application called Lydian-Bot has been listed on PancakeSwap.
Lydian-Bot Token has a unique tokenomics. A user who wants to use Lydian-Bot software has to burn 1000 LYD and also has to hold 100 LYD for each pair to trade. With this mechanism, it is aimed to be determined the price of the software dynamically by the market.
Lydian-Bot software is in alpha test period now. In this version only one predetermined algorithm is used. The algorithm is based on Normalized Least Mean Square which is an adaptive filter algorithm. Maybe this project is the first usage of this algorithm in a cryptocurrency trading bot application. Users just can select the risk they want to take from level-1 to level-5.
In the next version, a user interface will be provied for users to create strategies using classical indicators such as EMA's, RSI, MACD etc.
In the future version, Artificial Neural Network and Genetics Algorithms will be used in the bot software. The development team is really working hard for this task and this is the main purpose/target of the project.
Project website:
lydianbot.comToken Contract Address: 0xac7ed904d09542aab5c9eb725a9c2cec3e31a1db
