Dubai, United Arab Emirates, 28th Aug 2022 – Trading on the cryptocurrency market today is the main engine of the entire market and serves as a tool for demand growth and capitalization. Day after day, new tools are being introduced for safe trading without the risk of depletion of deposit capital. One of these tools offers a new project named after crypto trader Luke Stringer, namely, a new token in the Ethereum network Luke Trade (LUKE).
The mechanism of the entire project process will allow traders to have access to a large leverage, which cannot be lost due to the implemented smart contract. Unlike other similar projects, the Luke Trade smart contract does not limit the transaction to one block, but has access to stop order actions. Thus, the smart contract places an automatic buy order at the market price level, signing the first block of the trader’s sell order. This eliminates the slippage of other orders in the network. This smart contract is at the test network level and demonstrates excellent capabilities.
The Luke Trade project also launches an ICO to attract investment funds using the following mechanism: The client buys the Luke Trade token directly or through the exchange.
Payment for a token in the amount of 100% is added to the token’s liquidity pool in the form of Eth and is blocked for 23 hours, then the liquidity pool is converted into leverage for trading through a smart contract, Traders of the Luke Trade team use leverage and trade in the markets with stop order and fix profits. At the end of the day, the profit from trading is divided in the ratio of 50% / 50%. The first part is added to the general liquidity pool and distributed among all holders as a percentage of the tokens on the wallet. By the end of the day, the liquidity pool will be unblocked for 1 hour so that investors can withdraw their funds if they wish. The second part of the profit will be used to promote the project and as payment for the work of developers and the team.
Thus, it is planned to attract $ 3 million of investment funds by the end of September. The project development team is open to suggestions and investors of the crypto community.
Media Contact
Organization: Daur Finance Limited
Contact Person: Dauirzhan Abdulmazhit (Company director and project partner, blockchain developer.)
Email: Send Email
City: Dubai
Country: United Arab Emirates
Website: https://www.luke.finance
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