Can You Get Rich Overnight From an ICO? OptiToken Begs the Question

As we approach a mostly depressing end of a June once thought to be the biggest June for crypto since inception. There are many questions right now for the industry, one being where’s the bottom. Others having just been answered such as is Ethereum a security or not? When will the Mt. Gox selling end? Among countless other large price impacting questions, one project we started covering recently proposes that it doesn’t care if the markets up or down. After some deep analysis, despite the simplicity of the contraction concept they present, we can’t find any solid reasons they don’t have something that perhaps could set records immediately on open in just a few weeks.

Enter OptiToken, touting an ICO Bench rating of 4.2 and a thorough team and advisory board chalk full of big names like Mr. Key and Theo Goodman it’s a wonder this project has flown under many radars in Q2 thus far as their ICO has been open since April and closes in just under 1 week. Having passed soft-cap and secured a listing with C2CX, “and at least one other exchanges to follow extremely soon after” says founder Sean Donato, this project is a shrewd play in the current market state as they pegged the price to Bitcoin at recent highs as to protect further downside. The way they’ve done this is calculated the Euro rate of how many OPTI’s 1 BTC would Buy back at €6000, that number was 28,575 so now that’s the new rate. Essentially .1 BTC, no matter how low it falls in the last week of ICO would net you 2,857 OPTI’s. With YouTube videos and analysis blogs circulating with price prediction being speculated to open at a few USD this is a no-brainer. More info can be found at //OptiToken.io

So what is OPTI?

OptiToken is a somewhat underground project still in ICO phase for a few more weeks at //OptiToken.io OptiToken switches strategies when BTC establishes itself resistant to the upside of the 50-day MA. Above this line the project implements the following strategy involving a swing trading algorithm to squeeze profits feature synopsis is as follows – algorithmic trading: In a given basket of solid and established cryptocurrencies, one can typically find a series of price swings taking turns underperforming and outperforming each other. “Cryptocurrency is still naive, it’s liquidity and 24 hour clock makes for constant peaks and valleys. If you study a given set of coins, those with consistent development and a hard working community, you will find that there are swings which can produce regular opportunities to ‘squeeze profits’ if traded properly.” Think whack-a-mole, the idea is to sell on these peaks, not chase the mob and buy when a coin starts moving. 

Below the exponential 50-day MA the strategy changes to a short strategy where a large portion of portfolio (60 – 80%) is liquidated in an attempt to re-enter later at discounted market prices when the market establishes a trend reversal. The team when reached for comment said the automation is halted when a trigger to exchange from crypto to USD/EURO event occurs below the 50-day MA and then observation and analysis are done manually to search for a bottom or profitable events under this line e.g. a double bottom or heavy support at levels of significance accompanied with oversold RSI on the 3 day chart. These events have in fact been legitimately meaningful traditionally after further researching them while writing this. If one of these events deem actionable the portfolio is repurchased at discount and than the algorithm continues. The team must continue to monitor them to assure a real recovery is occurring. One event to be monitored is a re-establishment above the EMA. When the market is deemed bullish or profits are made manually on the near side the latter 2 features are able to happen; 

Feature two – “Strategic buy pressure”The nature of trades for OptiToken theoretically allows an opportunity to consistently close or exchange positions and account gains. When profitable events occur, the profit is immediately split into parts. 80% is reinvested in the portfolio, 4% is devoted to company expenses and sustainability while 16% is converted to BTC or ETH and used as direct buy pressure to purchase $OPTI on any exchange it is listed on. Will opti perform this operation on every exchange listed? No, arbitrageurs will still act as a means of closing gaps between exchanges so the protocol is really only necessary on one exchange and specifically the exchange with best volume suited for higher price support. There’s plenty of daily discussion in their Telegram channel about that topic and there here at //T.me/OptiToken .

Feature 3, Strategic scarcity – This feature is one meant to encourage long-term price positivity. All purchased tokens will all be sent to a publicly viewable un-spendable address and destroyed via a token burning function in their token contract which is set to be added to their GItHub for public auditing in the coming days. Another benefit of cryptocurrency is that this protocol will allow visibility on Ethereum block explorers, adding a further element of public accounting transparency.

OptiTokens ICO is available for purchase at //OptiToken.io for all geo’s except U.S., China or Cayman Island residents. But act fast as the ICO ends in just under one week.