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Lucre (LCR) ICO

Ongoing ICO
Jan 01, 2019 – Feb 28, 2019

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.

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Lucre (LCR) ratings

ICOrating.com Lucre (LCR) icorating ICObench.com Lucre (LCR) icobench 4.7 / 5
Hype score Low ICOmarks.com Lucre (LCR) icomarks 8.4 / 10
Risk score NA TrackICO.io NA
Investment rating NA ICOholder.com Lucre (LCR) icoholder NA
Our rating
9.3
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Overview

Project industry Trading & Investing
Product type Platform
Founded Saint Kitts and Nevis
Lucre (LCR) ICO White Paper White Paper Bounty program

Features

LUCRE algorithm was build on a philosophy - Dont HODL; Trade! allowing trading both ways long and short.

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 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.

Algorithmic trading Platform on a BLOCKCHAIN Network.

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.

INTRODUCTION

LUCRE is an automated algorithmic trading system based on statistical analysis of data from last 5 years (for BTCUSD). Automated trading, allow to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. Once the rules have been established, the algorithm monitors the markets to find buy or sell opportunities based on the trading strategy specifications. Depending on the specific rules, as soon as a trade is entered, any orders for protective stop losses, trailing stops and profit targets will automatically be generated. In fast moving markets, this instantaneous order entry can mean the difference between a small loss and a catastrophic loss in the event the trade moves against the trader. 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.
  • Achieve 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
  • ICO Details

    ICO token supply: 10,000,000 LCR
    Soft cap: 1,600,000 USD
    Hard cap: 7,000,000 USD

    Legal

    ICO Platform: Ethereum
    Country limitations: USA, Canada, Nevis
    Registration country: Saint Kitts and Nevis
    Office address: PO Box 590, Suite 9 Henville Building, Long Point Road, Charlestown Nevis - Registration #C50100

    Token info

    Ticker: LCR
    Type: Cryptocurrency
    Token standard: ERC-20
    Token price in USD: 1 LCR = $0.769 USD
    Accepted currencies: ETH
    Bonus program:
    Pre-sale (Up to 10 000 000 tokens): $0.769 (30% Bonus)
    Stage 1 of Main Token Sale: $0.83 (20% Bonus)
    Stage 2 of Main Token Sale: $0.87 (15% Bonus)
    Stage 3 of Main Token Sale: $0.91 (10% Bonus)
    Stage 4 of Main Token Sale: $1.00 (No Bonus)
    Token distribution:
    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)
    Funds allocation:
    40%, will be dedicated to servicing on the development team and the creation of platforms
    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
    2% for legal and compliance fees

    Lucre (LCR) Roadmap

    1
    AUG 2010

    Proprietary FX Trading company was created

    2
    SEP 2011

    First trading Algo was created for major FX pairs

    3
    JAN 2014

    FX trading opened for clients

    4
    NOV 2017

    Initial Research and Development for Cryptocurrencies

    5
    APR 2018

    Develop Smart Contract

    6
    MAY-JUL 2018

    Finalize Smart Contract and develop dashboard

    7
    AUG 28TH 2018
    • Whitelisting participants
    • Bounty Program launch
    8
    OCT 15TH 2018

    Token Presale

    9
    NOV 14TH 2018

    LCR Token Sale Event Launch

    10
    Q2 2019

    Public Launch on Exchanges

    11
    Q2 2019

    Final improvement of trading Algo

    12
    Q4 2019

    Launch Autotrading Service (Beta)

    13
    Q1 2020

    Final version release

    Project team

    CEO, Founder in Lucre (LCR) - 1
    Ganesh Puri
    CEO, Founder
    linkedin
    CMO - MBA in Lucre (LCR) - 2
    Aksana Papovich
    CMO - MBA
    linkedin
    CTO in Lucre (LCR) - 3
    Harjit Singh
    CTO
    linkedin
    Algorithmic Trading developer in Lucre (LCR) - 4
    Emerson Cruz
    Algorithmic Trading developer
    linkedin
    Blockchain Developer in Lucre (LCR) - 5
    Aman Sidhu
    Blockchain Developer
    linkedin
    Frontend Developer in Lucre (LCR) - 6
    Vishal Jaggi
    Frontend Developer
    linkedin
    Developer Intern in Lucre (LCR) - 7
    Arjun Puri
    Developer Intern
    linkedin
    Legal Consultant in Lucre (LCR) - 8
    Yogesh Gautam
    Legal Consultant
    linkedin

    Advisors

    Director Innovation, & Solution Acceleration in Lucre (LCR) - 9
    Manu Khullar
    Director Innovation, & Solution Acceleration
    linkedin
    ICO Advisor, ICO Bench Expert in Lucre (LCR) - 10
    Bogdan Fiedur
    ICO Advisor, ICO Bench Expert
    linkedin
    Crypto & ICO Community Expert in Lucre (LCR) - 11
    Sydney Ifergan
    Crypto & ICO Community Expert
    linkedin
    Founder ICOBoard in Lucre (LCR) - 12
    Dmitry Pshenin
    Founder ICOBoard
    linkedin
    Co-Founder at Genuino Blockchain Lab in Lucre (LCR) - 13
    Gabriele Barnasconi
    Co-Founder at Genuino Blockchain Lab
    linkedin
    Co-Founder BitcoinATM 360 in Lucre (LCR) - 14
    Mike Snyder
    Co-Founder BitcoinATM 360
    linkedin
    Marketing Advisor (China) in Lucre (LCR) - 15
    Chen SiYuan
    Marketing Advisor (China)
    linkedin

    Social media

    Web-site Reddit Medium YouTube Telegram btctalk Twitter Facebook github

    User rating:

    5/5 ( 1 )

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