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LUCRE - To HODL or not to HODL!


ABOUT

LUCRE is an exclusive automated trading system & signal service 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 PROCESS DETAILS

Participant applies for the LUCRE Token and gets whitelisted (KYC/AML). After receiving the confirmation of been whitelisted the participant then sends the funds (ETH) to the public address of the Token sale event. After receiving the funds, LUCRE smart contract automatically sends the LCR Tokens to the sender’s wallet. Part of these funds are sent to the company reserve fund wallet; At the end of the Token sale event, 40% of the received funds in ETH are liquidated and transferred to the LUCRE Derivatives Trading account where trades are executed by the LUCRE Algo. The trading account is also linked to a third party system where the performance of the Algo is verifiable 24X7.
For every trade executed by the LUCRE Algo, a signal will be sent out to every participant who has contributed more than 1ETH during the Token sale. These signals can be used on Metatrader terminals offered by CFD crypto brokers and in the future will be available for crypto exchanges as well.
Daily performance calculations will take place and posted on the LUCRE dashboard.

ADVANTAGES

SUCCESS
A breakthrough trading algorithm has already been developed which is being tested and refined
EXPERIENCED TEAM
More than 8 years of experience building Algorithmic trading robots
AUTOMATED TRADING
100% hand-free Autotrading system that eliminates the psychological effect to manual trading
EXCLUSIVITY
Exclusive for Token sale participants! Recurrent profits simply holding tokens without adding extra funds

ROADMAP

AUG 2010
Proprietary FX Trading company was created
SEP 2011
First trading Algo was created for major FX pairs
JAN 2014
FX trading opened for clients
NOV 2017
Initial Research and Development for Cryptocurrencies
APR 2018
Develop Smart Contract
MAY-JUL 2018
Finalize Smart Contract and develop dashboard
AUG 28TH 2018
Whitelisting participants; Bounty Program launch;
OCT 15TH 2018
Token Presale
NOV 14TH 2018
LCR Token Sale Event Launch
Q2 2019
Public Launch on Exchanges
Q2 2019
Final improvement of trading Algo
Q4 2019
Launch Autotrading Service (Beta)
Q1 2020
Final version release

ERC20-COMPLIANT SMART CONTRACT

The smart contract complies with the ERC20 token standard and can be used from any compatible Ethereum wallet. Participants should keep in mind that there is a risk of loss if they send Ether from an exchange. Exchanges do not offer the ability to interact with crowdsales in general. A wallet should be created outside of any exchange and Ether should be sent from that wallet to the crowdsale contract.
Participants can send ether to the contract directly or via buyTo function. The ether purchase amount is used to calculate the tokens bought which are then added to the balance of the participant account. The participant account (the account that is debited with tokens) is the sender account when using the buy and fallback function or the specified address when using the buyTo function and passing an address as an argument.

TOKEN ISSUANCE & STRUCTURE

Total Token supply: 12 500 000 LCR
Available for Purchase: 10 000 000 LCR
Token Type: ERC20, Ethereum Blockchain
Minimum Raise: $2 000 000
Maximum Raise: $7 000 000
80% of the tokens allocated to the participants (10 000 000 LCR)
14% for developers and company reserve (1 750 000 LCR)
3% for rewarding advisors (375 000 LCR)
3% is used on Bounty program and marketing (375 000 LCR)
Token Pre Sale Period: 15th Oct 2018 (30 days)
Token Main Sale Period: 14th Nov 2018 (4 weeks)
A substantial portion of the funds, 40%, will be dedicated to servicing on the development team and the creation of platforms
Another 40% will be contributed in the Trading Pool to provide profits to the Token sale participants
15% is for capex
3% will be spent on marketing aimed at attracting new users to the platform, creating a community interested in the token and the service
Remaining 2% for legal and compliance fees

THE CORE TEAM

Ganesh Puri: CEO, Founder
Aksana Papovich: CMO – MBA
Emerson Cruz: Algorithmic Trading developer
Aman Sidhu: Blockchain Developer
Vishal Jaggi: Frontend Developer
Arjun Puri: Developer Intern
Yogesh Gautam: Legal Consultant
Author: yanspiki53

ETH : 0xcC67ce0443A2Eba84430305E0B201599B879c8c0

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