image-5
Apart from typical spot trading on a cryptocurrency exchange, investors can use bots to exploit price arbitrage of digital currencies on different exchange markets and make a profit from the price difference. Gerd Altmann / Pixabay

Bot trading has been in existence for a long time. Even before the existence of cryptocurrency, large hedge funds used it to trade commodities, fiat currencies and equity markets. Even everyday retail traders can use programmable, automated bots when trading the FOREX market.

One of the reasons that traders use bots is for their trades to be executed automatically even when they are not monitoring the markets or a particular tradeable asset. When cryptocurrency came to the limelight, many smart investors and traders felt that the best way to maximize their returns was bot trading. Experienced traders understand human limitations and understand the benefits of bot trading as well as the risks.

Apart from typical spot trading on a cryptocurrency exchange, investors can use bots to exploit price arbitrage of digital currencies on different exchange markets and make a profit from the price difference. One such platform that is launching an advanced, artificial intelligence-driven arbitrage trading bot is ImpulseVen.

What is ImpulseVen?

ImpulseVen is a completely decentralized financial services ecosystem (DeFi) that offers a number of peer-to-peer solutions such as farming, staking, trading, lending, AI-enabled arbitrage bot, and a decentralized exchange. The ImpulseVen DeFi solution was built on the Ethereum protocol, as many DeFi projects are today.

The project is on a mission to make decentralized finance accessible to all. Users will be able to access all product and services offerings in the ImpulseVen ecosystem through a single sign-on dashboard with customization features and the highest standards of transparency, security, and reliability in the industry.

While the wide variety of products make ImpulseVen’s platform unique, its AI arbitrage trading bot is a next generation product that helps to automatically execute profitable cross-platform trades. ImpulseVen’s trading bot will monitor different decentralized exchanges to identify price discrepancies for a particular token pair and capitalize on such discrepancies by placing profitable trades. It is also configured for high throughput, meaning that it is capable of executing thousands of transactions per second to ensure maximum utilization of presented opportunities simultaneously across multiple exchanges.

By next quarter, ImpulseVen will have its token launched as well as its staking and farming platform live. The Lending and borrowing service will launch in Q2, with the AI bot trading and DEX launch slated for the Fall.

Other ImpulseVen Features

The ImpulseVen platform offers a wide range of DeFi solutions in one package. The following are other solutions the platform will offer this year:

  1. The platform has a state-of-the-art decentralized exchange (DEX). In addition, ImpulseVen’s decentralized exchange (DEX) has created a strong foundation for the ImpulseVen ecosystem. The DEX is a fourth-generation exchange platform that enables cross-chain and non-custodial transactions alongside an advanced order book allowing derivatives trading, futures trading, and 20x leverage perpetual contracts. One can easily trade on the ImpulseVen DEX.
  2. The ImpulseVen platform will also be used for derivative trading. On the platform, users will have the capability to add new derivative pairs for crypto assets and based on the demand for such a pair among the community, it could become a permanent pairing. ImpulseVen will have an ERC20 swap mechanism for traders to switch between assets on-the-fly to trade the desired derivative pair.
  3. Lending and borrowing through the use of widely-accepted cryptocurrencies (e.g. Bitcoin, Ethereum, etc.) will also be available. Users can borrow in stable coins, such as USDT, over the platform after depositing a variety of crypto assets as collateral. The platform intends to offer added convenience to the borrowers, by charging minimal interest rates. In addition, borrowers can also acquire secure coins on loan and earn passive interest in the form of ImpulseVen’s VEN token variants.
  4. Yield farming and staking rewards. ImpulseVen will implement a yield farming service that offers an attractive annual percentage yield in the form of its VEN tokens. The liquidity secured through yield farming will be instrumental in helping ImpulseVen strengthen its DeFi offering. Investors will be able to lock Ethereum and earn rewards in the VEN token over particular periods of time, compounding rewards as they go.
  5. The platform also will offer decentralized recurring billing, to help with managing subscription of products and services as more businesses accept cryptocurrencies as a form of payment. Automatically a fixed amount of cryptocurrency from one wallet to another at regular intervals will be enabled by this service with the help of smart contracts.

Leaving its Mark on the DeFi industry

The ImpulseVen platform will impact the DeFi industry in many ways. In the world of decentralized finance, middlemen and other third-party institutions are no longer involved in any transactions that are carried out because of the trust built into the programmable coding of smart contracts, no matter how complex the transaction may be. ImpulseVen is combining the best of all financial services that decentralization enables in a single dashboard that has the highest levels of security thanks to a dedicated technical team and smart contract audit by well-known blockchain auditor, Blockchain Consilium.

ImpulseVen will leave its mark on the industry by unifying products and services into a single platform led by a highly technical team with more than 70 years of combined professional experience.