What is Lucre Project?

What is Lucre Project?

Lucre serves as a tokens platform that is currently backed by algorithmic trading performance. Powered by blockchain technology, the platform currently serves as an automated signal and trading system service for the crypto universe. The platform was created with the aim of outperforming the crypto holding strategy.

Lucre is an exclusive automated trading system for Cryptocurrencies, created to outperform the strategy of just holding Cryptocurrencies. It is developed by a team with 8 years of algorithmic trading experience. Holding a Cryptocurrency hasn’t been the best way to increase your wealth lately. LUCRE algorithm was build on a philosophy - Don’t HODL; Trade! allowing trading both ways long and short. The great appeal of this project is the ability to generate revenues in all market conditions, buying and selling at every perceived opportunity. Even when the market is going south the algorithm attempts to make profit by shorting it. Lucre Trading Algo will be running on a Metatrader trading platform. Token sale participants will get an LCR token which will track the performance of the Algo. The price will be updated regularly to accurately reflect the value of the underlying Crypto assets being traded by the Algo. A participant can trade on the exchanges which will list the LCR token. LCR token will only be sold during the pre sale and Token sale main event. No further tokens will be minted post Token sale event.

Lucre's advantages:

There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades. Some of the advantages are listed below:

• Minimize Emotions - Automated trading systems minimize emotions throughout the trading process. Since trade orders are executed automatically once the trade rules have been met, traders will not be able to hesitate or question the trade. In addition to helping traders who are afraid to "pull the trigger", automated trading can curb those who are apt to overtrade – buying and selling at every perceived opportunity.
• Ability to Backtest - Backtesting applies trading rules to historical market data to determine the viability of the idea. Careful backtesting allows to evaluate and finetune a trading idea, and to determine the system's expectancy – the average amount that a trader can expect to win (or lose) per unit of risk.
• Preserve Discipline - Because the trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets.
• chieve Consistency - One of the biggest challenges in trading is to plan the trade and trade the plan. Even if a trading plan has the potential to be profitable, traders who ignore the rules are altering any expectancy the system would have had.
• Improved Order Entry Speed - Since computers respond immediately to changing market conditions, automated systems are able to generate orders as soon as trade criteria are met. Getting in or out of a trade a few seconds earlier can make a big difference in the trade's outcome. As soon as a position is entered, all other orders are automatically generated, including protective stop losses and profit targets.
• 24X7 Market - as Crypto market is open 24X7 it is almost humanly impossible to trade every entry signal round the clock manually.

Lucre Crypto Performance Features:

Trading on the platform allows for both long and short-term trades. One of its biggest appealing strategies is its ability to create revenue, regardless of the prevailing market conditions. This means that traders will be in a position to buy and sell, regardless of the opportunities that are prevailing in that market. Its top features include:

Signal Service

Traders get to receive high-quality close/sell/buy alerts. They also get exclusive trading signals coupled with a seventy-five percent trading accuracy. This means that they can use these signals to trade on any exchange or with a broker they prefer.

Automated Trading

The platform has a fully automated trading system that is compatible with all Forex CFD brokers and cryptocurrency exchanges. You can use your LUCRE account to connect with these exchanges and move your money seamlessly without any worry.

Trading Pool

All the LUCRE (LCR) tokens that get deposited into the trading pool are to be managed by the platform algorithm. The trading team will also assist in the management of these tokens.

Team:

Roadmap:

Initial Research and Development 

- Nov 2017 - March 2018 - Developed the trading algorithm and concept; conducted

thorough backtests to determine trading parameters

Develop Smart Contract

- April – May 2018 – Developed LUCRE smart contract to best practice specifications

Finalize Smart Contract and Trading Protocol

- May – July 2018 – Complete smart contract, Whitepaper and LUCRE Website.

Consultation with industry expert advisors.

LCR Whitelisting and Token Pre-Sale

- 28th August 2018 – Whitelisting Token sale participants; Bounty Program launch;

Marketing

- 15th October – Token pre-sale.

LCR Token ICO Launch

- 14th November – Token main sale.

Public Launch on Exchanges

- Q2 2019 – LCR Token is listed for trade on exchanges.

Final development and improvement of trading platform

- Q2 2019 – Improve development of the Algo

Launch Autotrading Service (Beta)

- Q4 2019 – First version of the Algo and signal service released

Final version release

- Q1 2020 – Final Algo version and signal service will be released

Data Collection; Regular Operation

- Nov 2017 - Future – The data pulled regularly from the brokers and will be stored.

This valuable deep dataset will be used to optimize the Algo. Research and

Development of other Crypto algorithms.

Token Sales Detail:

LCR is a utility token which initially can only be acquired during the Token sale event which is a one off, closed cap offering. A 40% of the total crowdsale is allocated to the trading pool, and then awarded proportionally to the Token sale participants. 75% of profit generated by the algorithm will be distributed to the Token sale participants. During the time the Trading Pool has losses, participants simply receive no compensation. Profits will be paid as a quarterly fee in ETH to the participant’s assigned wallet. The other 25% will be reinvested in the Trading Pool to increase the fund capital, and consequently increase the next benefits that are generated.

LCR tokens provide premium membership and limited access passes. Once you have these tokens, you are able to earn money combining several options.

LCR is an ERC20 token based upon the Ethereum blockchain. Operating on the blockchain allows for global accessibility, 24/7 trading, transparency, public verification of LUCRE’s trading performance. The tokens value is linked directly to the underlying cryptocurrency trading performance.

A public Token sale event will be held from the 15th of Oct to the 11th of Dec 2018. LUCRE will use the Token sale contributions to trade Crypto currencies starting Q2 2019 and the coin is expected to be listed on exchange in Q2 2019.

The minimum raised money is $2 million USD and if this is not achieved all contributed funds will be returned.

ICO Detail:

Token: LCR

PreICO Price: 1 LCR = 0.77 USD

Price: 1 LCR = 1 USD

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: ETH

Minimum investment: 0.1 ETH

Soft cap: 2,000,000 USD

Hard cap: 7,000,000 USD

Country: Saint Kitts and Nevis

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, Canada, Nevis

For more information:

Website: https://www.lucretoken.com/

Whitepaper: https://www.lucretoken.com/docs/Lucre_WhitePaper_EN.pdf

Telegram: https://t.me/LucreToken

Twitter: https://www.twitter.com/LucreToken

Facebook: https://www.facebook.com/lucretoken

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373