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TeraBlock announced that it had raised a total of $2,540,000 from private investors and anticipates holding an initial decentralized exchange offering in the nearest futures.
TeraBlock, a platform designed to help novice cryptocurrency traders manage their portfolios with machine-learning-driven automation, has launched a fully automated algorithm system. Shivam Tandon, the TeraBlock founder, noted that the fully automated algorithm system will significantly assist crypto traders to simplify trading strategies amid heightened volatility
Notably, the firm aims to onboard more retail traders who fear losing their investment, particularly during heightened market volatilities.
“We started TeraBlock in the wake of crypto-assets evolution, to be the simplest machine learning-based trading platform to help people make the most out of trading crypto-assets,” Tandon noted.
TeraBlock anticipates benefiting from more users who will use its automated algorithm to access the cryptocurrency market. Furthermore, there is a possibility that a significant portion of retail traders fears entering the cryptocurrency industry due to a lack of technical knowledge and proper information.
TeraBlock and Cryptocurrency Trading Industry
TeraBlock announced that it had raised a total of $2,540,000 from private investors and anticipates holding an initial decentralized exchange offering in less than five days. Notably, the firm attracted over 114 private investors from 39 countries who purchased approximately 66 million of its tokens.
Meanwhile, the company anticipates raising approximately $400,000 from the public during the oncoming initial DEX offering,
According to its whitepaper, the firm uses well-tested trading methods with a competitive analysis to ensure higher profitability for its users. The company has partnered with Binance to ensure users’ funds are safe. Besides, Binance Cloud provides the exchange technology infrastructure to enable the company to focus on its core business. Moreover, the partnership also assists traders to seamlessly exchange desired digital assets both on the platform and through an OTC portal.
As a result, cryptocurrency traders have an easy time making profits amid the ongoing bull market that has seen most digital assets spike in volatility. Retail traders can now access similar trading systems that institutional investors are exposed to through TeraBlock’s new automated trading algorithm.
Besides providing an automated algorithm for cryptocurrency traders, the company has partnered with other notable firms to help users deposit funds into their accounts securely.
Users can deposit funds directly into their TeraBlock account from their bank account, thereby making it readily accessible to all.
Through the new automated trading platform, users have the choice to create a set of trading strategies to enable stop loss and take profits. However, the platform can manage user’s investments without any interference and realize profits after automated trade executions.
The innovation is expected to help the cryptocurrency industry by adding in the market capitalization.