The COSSening - CELT 4th update

in #celt6 years ago

Grading Up

Hi dear COSSmunity and CELTists,
I've got some good news today.
In the previous roadmap I've outlined the following goals:

  • Limit shitcoin pairs into having a max of 1 ETHequivalent in positions to limit losses on coin crash.
  • Code new detection system based on absolute diffrence instead of % diffrence to allow shitcoin exchange rate pairings

Last few days I've been able to do some decent coding and am happy to say that we're currently testdriving the new code, the bot has been down today. And sometimes the only real way to know how things will pan out is to take the bot live and just watch it go or crash.

so here are the pro's:

  • CELTbot is currently able to get pairs down to 0.2% spread
  • CELTbot is able to limit trading pairs to have a max amount of positions based on some form of calculation based on how many eth the ask price is times amount of positions
  • CELTbot is now able to be active on ANY pair that has a bid and ask

con's :

  • first version of tightening the spread from 0.6 to 0.2% was taking out a lot of liquidity cause it was taking 0.00000001 steps
  • each pair will take liquidity to setup the trading grid
  • I've set the bot to allocate only 0.01 eth equivalent to let the grid being built up, this value will change as we go.

So in light of this it would be verry nice if the community could buy some extra CELT so the bot has some reserve to function with.

ALL trading pairs will be added to the bot!

The main pairs will not have this max limit placed upon them.

Can we win promo's with the bot?

In the current way people are wash trading the bot will never place top 50

Performance:

you can still follow the wallet day by day at:
https://docs.google.com/spreadsheets/d/17mZ7iH08_mGIP1IAOOKWD1uqpyqYUKK_3K8dObqvk-g/edit?usp=sharing

CELT price still increases each week

New exchange rate will be 997 CELT for 1 ETH instead of 998 CELT for 1 eth.

Ether at the contract adress will be at a low to kickstart the bot

So if you want to withdraw ether bigger then the amount available at the contract please contact me so I can send ether back to the contract.

Roadmap: CELT goals ahead

  • Hope for new community funding to keep the bot running and provide liquidity to all pairs.
  • Get account into profit and reduce spreads even further.
  • Keep improving bot workings

Thank you for supporting this project

Be it by reading, upvoting, spreading the word and buying or owning CELT to improve liquidity on COSS.
Spielley, here to help and improve the COSS exchange experience.

Get your CELT through this site if you've got metamask setup:https://celt.dvx.me
(double check contract adress is 0x35f06858577b526a9351C6d42c89748281b6FE30)
or read the tutorial from the launch post:
https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them

Sort:  

Thanks for the Great work. COSS is surely helped with this addition.

As a COSS holder also, wanna thank you for your work to improve COSS. Good job :-)

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