The post SuperBots—The DeFi Project Delivering Automated Trading Bots appeared first on Coinpedia Fintech News
Decentralized finance (DeFI) has experienced massive growth in the last couple of years and is currently worth $76.1 billion, per Forbes. Regardless, the market is still in its early phase, with new trends popping up from all angles. One such nascent trend is automated or algorithmic trading.
The future of the DeFi market lies in leveraging new technologies to make well-calculated trades in real time. The abrupt rise of this concept is disrupting the financial market and the DeFi space is not left out. Besides lightning-fast speed, automated trading also guarantees a higher level of efficiency, minimal risks, accessibility, accuracy, etc. At the vanguard of this innovative emerging trend is SuperBots—a cutting-edge solution for automated cryptocurrency trading on decentralized exchanges (DEXs).
The SuperBots DeFi Platform
SuperBots is a DeFi application that provides secure, efficient, and fast automated trading bots for cryptocurrencies. In other words, it is a decentralized marketplace with algorithmic bots created to generate profits for the DeFi Vaults they power. It is built on the Binance Smart Chain (BSC) blockchain network (more layer 1s on their roadmap) with a simple user interface to help you manage your capital.
Users’ funds are available for withdrawal to non-custodial wallets any time they see fit. SuperBots utilizes a smart contract that has been certified by CertiK—the leading crypto security platform—to guarantee that funds are securely stored and only accessible to the user.
Features of SuperBots
SuperBots helps users make profits via investing, farming, and playing. At the core of SuperBots is Vaults—the standout feature of this innovative automated trading platform.
Vaults are pools that allow users to deposit funds into them while being traded by algorithms. There are no withdrawal or deposit fees (besides the gas fees) to use any of the vaults. However, performance fees based on the performance of the algorithm are charged and the percentage varies on each vault. Depositing into a vault implies sharing the pool with other users, and in exchange, you receive xMBXN—a representation of your shares in the pool.
The Super Vault is a type of vault designed to simplify the trading process. It systematically divides your capital or deposit between the high-performing bots and rebalances each month. This offers existing and potential users an opportunity to diversify their trades.
According to the SuperBots team, each vault trades on different pairs and different strategies as developed by the algo developer on that vault. SuperBots algorithms are created by Master Traders who submit them to the SuperBots team for evaluation. Algo’s go through a rigorous testing process to ensure safety for platform users. If they are approved the Developer of the algorithm gets a % of the performance fees when the vault is in profit. xMBXN is specific to a pool as well as your capital, it is also transferable, and the owner possesses 100% control of the capital and profits generated.
Another feature of the SuperBots DeFi application is the staking option. Users can deposit and subsequently stake MBXN tokens to earn rewards. The annual percentage yield (APY) is dependent on the amount of tokens staked. You can lock MBXN for a specific period to receive up to a 3.88x increase in profits for 24 months.
The MBXN Token
MBXN is a utility BEP-20 token on BSC that powers the SuperBots and UpBots platforms, as well as any and all white-label platforms powered by the technology that powers SuperBots. It is tradable on decentralized and centralized exchanges alike. With a maximum supply of 500 million and a current supply of less than 400M, MBXN was designed with a scarcity strategy that relies on the reduction of the number of available tokens through burning and buy-back programs.
First on the program is the performance-induced one which will burn a percentage of the performance fees paid out on the profits the vaults make. This will run forever. The second program will burn 15% of the net income generated by SuperBots each year. Unlike the former, this will last until Q4 of 2026. The last program (which has already happened) saw 100 million MBXN tokens cease to exist before the official listing on centralized exchanges.
The deflationary nature of MBXN, and how it is so closely tied to platform usage, means that value is extracted from the market and not the token.
The SuperBots team has integrated advanced security measures to guarantee safety. The encrypted algorithm storage, smart contracts, and introduction of other multiple-layer security systems set this automated DeFi trading app apart from existing platforms. It is a one-of-a-kind app that simplifies and automates algorithmic trading while offering you 100% ownership and control of your capital and profits.