Mercor Finance platform enables developers to create a trading algorithm coded in Python. After which developers are able to backtest their algorithms, allowing them to review whether their creation would have been successful based on historical data. If they are happy with their creation they can then deploy the algorithm onto the platform.
On the other side of the platform they allow investors to go over these algorithms and select the best fitting / most effective algorithm. They are then able to invest in these algorithms straight from the platform by connecting their wallets.
The live Mercor Finance price today is $0.010746 USD with a 24-hour trading volume of $344,899 USD. We update our MRCR to USD price in real-time. Mercor Finance is up 8.86% in the last 24 hours. The current CoinMarketCap ranking is #3740, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 MRCR coins.
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Mercor Finance Defi mission is to disrupt and democratize the global algorithmic trading market by building a bridge between algorithmic trading and everyday investors worldwide. Over 80% of all market transactions are currently done with the use of algorithms and trading automation tools. These types of trades leverage computational resources and speed to outperform human traders.
However, algorithms are becoming more complex with the advancement of machine learning and artificial intelligence. Aside from speed, these algorithms are now also becoming extremely successful in making the right decisions. Many different strategies exist, ranging from relatively simple, trend-following strategies all the way to advanced AI trading algorithms, reacting to live world events, weather, Twitter sentiment, and more.
The large majority of all advanced trading algorithms used are in the possession of large institutional investors. These include, but are not limited to, banks, credit unions, insurance companies and hedge funds. Huge investments and funds enable these institutional investors to attract talent in order to develop the most effective trading algorithms.
These creations are always treated with extreme secrecy and fall under the institutional investors’ property. Mercor aims to radically disrupt this dominance by creating an infrastructure that facilitates a cooperation between algorithmic trading developers and everyday investors worldwide, aiming to democratize the algorithmic trading market.
One might ask why developers are not able to remain in control and profit from their own algorithms. However, several problems need to be addressed in order to facilitate such a construction.
Tools & Budget
To create a successful trading algorithm, expensive tools and resources are needed such as backtesting capabilities, access to a trading platform, and reliable computational power. On top of the costs associated with these requirements, limited or exclusive access is also a high barrier to entry. Overall, this makes developers highly dependent on institutional investors to supply them with everything they need.
Mercor Finance Defi Data is the new gold in modern age of global financial markets. Acquiring useful data is a costly and complex matter. Institutional investors have a disproportionate advantage over ‘lone wolves.
Traders and investors face several problems when attempting to invest with the help of algorithmic trading tools.
The Mercor Solution
The Mercor platform provides its users with the instruments needed to develop and the accessibility to invest in what is known as the black box of trading, algorithmic trading. On one hand, we supply developers with analytical tools, backtesting capabilities and exclusive data. On the other hand, they make investing in algorithmic trading publicly accessible by reducing and nearly eliminating the traditional barriers to entry.
With the power of the crowd, they create an environment in which individuals are no longer restricted by expensive data or solutions protected by intellectual property rights. They are supplying ordinary people with a complete set of tools previously only available to a handful of institutions.
To run the mainframe they will need multiple high-speed servers, connected to the exhange API. The security of this connection is of the highest priority and therefore they shall hire a cybersecurity specialist to assist with the construction of these connections. We will need to store all the user data encrypted with a 128-bit Advanced Encryption Standard (AES). The algorithms and financial data will need higher graded encryption and thus we will use the stronger 256-bit AES.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.