What is Truepnl (PNL) | What is Truepnl token | What is PNL token
In this article, we’ll discuss information about the Truepnl project and PNL token
What is True PNL?
True PNL is a social crypto trading platform that aims to democratize trading activities. The analytical tools and statistics available on True PNL will allow investors to make more informed decisions when copying trades, while traders will get passive income from their strategies.
2020 can truly be called the year of trading. Also, an institutional capital continues to be directed to the space of alternative financial instruments. The volume of trading on derivative exchanges is steadily growing, and the number of willing to trade is growing behind it.
A global infrastructure is being formed before our eyes, which was impossible to imagine two years ago. The convenience for trading and the quality of execution of trades goes up, but the social component is lagging. Top crypto exchanges have only recently started to update the leaderboard in real-time. On the bright side, most CEX’s do not see any sense in providing such information to retail investors and traders…
Platform Key Advantages
True PNL service is designed to stimulate users to publicly share their trading performance. The system of public rating will allow choosing the most profitable traders and bringing them together with investors. To share your trading information, you just need to connect your trading API. True PNL integrates with the most popular cryptocurrency exchanges.
The API (Application Programming Interface) is a set of rules by which a server in one application (site) can communicate with another. In other words, the API allows you to set rules for sharing information with different vendors. In the case of trading, the API is necessary both for displaying real information and for delegating the execution of transactions in algorithmic trading. API connections to True PNL are safe for trading account, because all transmitted information is provided for reading only.
Social surveys confirm the fact that a critical mass of independent traders cannot come to cooperation within the market processes. In this project, we are trying to solve the main problem that arises in any nascent trading community: the gap between objective and provided information. Starting with the broadcast of objective information, traders will be able to scale their skills. In their turn, investors will not spend time on data verification.
How TrueP&L works?
TruePnL creates advanced trading bots which follow technical-analysis trading logic, test their past performance, tune parameters regarding the current market conditions, and fully control its execution.
Bot structure
Generally, our automatic trading system has three major parts:
1. Signal generator. This is about price tracking software, information processing in the defined way to generate signals, and a signal sender. There are many solutions for that, starting from simple Python scripts ending with profound ML+TA analysis systems. We utilize a market proven and reliable signal generation platform from TradingView.
2. Risk management. This is about to trade the position that will not bankrupt you and let you fight another day. We provide a simple but rigid system, allowing users to control the amount of each trade, so the risks stay under control. Stop-losses and take-profits are being controlled by the signal generator.
3. Execution. Execution is the second crucial part of our trading system. The execution aims to make strategies as much profitable as on backtests. This is about commissions, slippage, limit/market orders, and many other very small but hugely important things.
How to connect a trading bot
The connection won’t take more than 5 minutes.
At first, you need to create an API Key pair, then using this Key pair, you’ll connect to a chosen bot.
API key creation process
Step 1.
Start with signing into your Binance account. If you don’t have an account yet, sign up via our referral link and get 15% trading fees https://accounts.binance.com/en/register?ref=28551372.
Step 2.
Open the API management page. ( https://www.binance.com/en/my/settings/api-management)
Step 3.
Give API Key a label and hit “Create API” button. Then use your authentication methods to submit API key creation request.
Step 4.
You’ll see a created API key. Now hit “Edit restrictions” button and check “Enable Futures” for the Trading API keys. Don’t forget to save changes!
Nice! Copy API and Secret keys, you’ll need them
Choosing and connecting the bot
Step 1.
Visit https://truepnl.com/trading and choose a bot which you’ll connect to.
Step 2.
After you’ve chosen a bot, hit the “Connect Strategy”, then hit the “Create New API”
Paste your API and Secret keys to the form, fill out the Label input and finish creating an API Keys.
Step 3.
Choose the created API Keys and set the order amount in the input below. Then hit the “Start trading” button.
The connection is ready! You can now track it’s results in the Dashboard page.
True P&L Tokenomics Details
- Token Name: TruePNL Token
- Ticker: $PNL
- Type: ERC20
- Circulation Supply on TGE: 9,976,682 (9.97%)
- Total Supply: 100,000,000
26,4% of the total supply will be sold to users in several stages. During the Public Sale we offer 3,400,000 $PNL at $0.08 per token.
$PNL Token Allocation
$PNL allocated for Team, Seed Sale, Foundation, and Staking will be cliffed for a certain period: Team and Foundation — for 12 months and Seed Sale participants — for 2 months, Staking — for 1 month.
How and Where to Buy Truepnl (PNL) ?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since Truepnl is an altcoin we need to transfer our coins to an exchange that Truepnl can be traded. Below is a list of exchanges that offers to trade Truepnl in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase Truepnl from the exchange: …
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once Truepnl gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information Truepnl
☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Message Board
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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