TeraBlock, an automated cryptocurrency investment exchange with advanced machine learning algorithm capabilities for trading, has just launched a fully automated algorithm, according to a press release shared with iHodl.
The algorithm, which has been developed by the company founder Shivam Tandon, is based on his trading fundamentals and aims to make it possible to trade cryptos round the clock.
The algorithm emerges as the best choice for users interested in entering the crypto world but who do not possess the knowledge or do not have the time to learn how to use complex trading systems. TeraBlock allows crypto traders to easily manage their portfolio with the help of Machine Learning.
Just a few days ago it was known that TeraBlock has raised $2.4 million from notable investors, including AU21, BSCPad,x21 Digital, Blockchain.com and PlotX among others, to continue the development of its products.
Now the company is preparing for its IDO launch on BSCPad, scheduled for May 11.
But, how does TeraBlock work? The company has teamed up with Binance Cloud in order to facilitate superior security and technology, and all user’s funds will be insured by Binance’s SAFU funds Insurance.
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Binance will provide exchange technology development and management both on the web and mobile, while user registration, KYC, AML would also be carried out by them.
It must be noted that users can buy any crypto by bank transfer, credit card or transfer into their TeraBlock account. They can also choose a pre-defined index or create their own, backtest it clicking on a button and start the trade automation. They also have the possibility to withdraw their funds in a single asset or withdraw individual assets any time they wish.
They can create their portfolio on their own as well as select an existing trading strategy or create a set of rules to buy and sell for profit or stop loss.
On top of that, it must be noted that users can convert their assets directly on the portal without complicated matters such as the order book and trading fees.