Understanding Otomate
Otomate is an innovative platform leveraging AI to automate trading strategies specifically for those engaging in perpetual futures on the Ink Chain. It offers a user-friendly experience, enabling traders to initiate automated strategies without needing advanced knowledge or constant attention. This technology opens up various avenues such as increasing trading volume and employing robust risk management strategies.
A standout feature of Otomate is its non-custodial architecture, which allows users to retain control over their funds. Automated bots execute trades under predefined risk constraints, which ensures users can trade without the fear of excessive losses. This makes advanced trading techniques accessible even to those who may find manual trading daunting.
Currently operational on the Ink Chain, Otomate seamlessly integrates with the Nado perpetual market, engaging in live trading activities. The platform also employs an active points distribution system, rewarding users for their trading volumes, thereby enhancing their trading experience.
Details on the Otomate Rewards Program
While Otomate has yet to officially announce an airdrop or token launch, its ongoing points program has generated interest among participants who hope for a future reward. Users can earn up to 1 million points weekly based on their trading actions, with higher trading volumes translating into larger point allocations.
- Weekly Points Distribution: Total of 1 million points available each week
- Allocation Criteria: Based on trading volume (1 point per $100 traded)
- Referral Incentive: Earn 10% of points accumulated by your referrals
- Dual Rewards: Earn Nado points simultaneously
Users engaging with the points program gain points corresponding to their trading volume. With a minimum deposit of only 10 USDT, this opportunity is approachable for newcomers as well as seasoned traders. Additionally, by completing social engagement tasks, users can enhance their potential earnings and gain access to referral rewards.
How to Get Involved in the Otomate Rewards Program
Step 1: Obtain Cryptocurrencies
Start by acquiring ETH and USDT to ensure that you can cover transaction fees and deposit requirements for trading. It’s essential to have these cryptocurrencies to effectively navigate to the Ink Chain.
Step 2: Transfer Funds to Ink Chain
Utilize a bridging service like Rhino Bridge to convert your assets from the Ethereum ecosystem to the Ink Chain. Confirm the transfer process and ensure your funds are correctly placed.
Step 3: Connect Your Wallet
Go to the Otomate platform and select “Connect Wallet” to begin trading. You can use wallets like MetaMask or WalletConnect compatible with Ink Chain.
Step 4: Set Up Your Trading Bot
Navigate to the bot creation section and choose from various strategy options:
- Risk Management: Position management to minimize potential losses while trading
- High-Frequency Trading: Create bots aiming for a high volume of trades to maximize point acquisition
- Peer Mirroring: Replicate the successful strategies of other traders on the platform
Step 5: Fund Your Trading Bot
Invest a minimum of 10 USDT to start your automated trading journey. The bot will leverage these funds to perform trades based on the strategy you’ve chosen.
Step 6: Engage with Social Media Tasks
Visit the points section within the Otomate interface to complete designated tasks on social media, thereby unlocking more points and referral options.
Step 7: Distribute Your Referral Link
Share your personalized referral link with friends and trading partners. Whenever they earn points, you will receive a share of their total points accrued weekly.
Common Queries
When Is the Airdrop Likely to Occur?
The timeline for any token launch or airdrop remains unconfirmed. The current focus is on the points program, which serves as a potential precursor for future rewards.
Is Financial Investment Necessary for Earning Points?
While an initial deposit of 10 USDT is required for trading bots, you can gain points by completing online tasks without any financial commitment, though trading activity is the main source of point acquisition.
What Earnings Can I Expect from Referrals?
Referral bonuses can accumulate quickly. If your referrals collectively earn points, you receive 10% of their total weekly allocations.
Do I Earn Bonus Points with Nado as Well?
Yes, any volume generated by your bots on Otomate concurrently qualifies for potential rewards from the Nado protocol, providing a dual-earning scenario.
What If I Miss Weekly Distributions?
Each week’s point distribution resets, allowing no carryover. However, missing a week involves no penalties; you can simply rejoin in the following week.
Can I Withdraw My Deposited Funds Anytime?
Absolutely. The non-custodial nature of Otomate means you can withdraw your funds at any time; however, halting your bots may affect your ongoing points accumulation.
Final Thoughts
Otomate represents a valuable opportunity for traders looking to utilize AI-driven strategies while reaping rewards through active participation. By consistently engaging with the platform, users can maximize their potential returns through the points system, while also leveraging incentives from the Nado protocol.
Interested in discovering additional projects that may not have launched tokens yet, which might offer future airdrops? Explore our guide on potential retroactive airdrops to stay in the loop for the next big event in DeFi!
Don’t forget to engage with us on Twitter, Telegram, & Facebook and subscribe to our newsletter for insights on the latest airdrop opportunities!
