Dear KuCoin Users,

Time: Dec. 17, 2022, 12:00 AM- 13:30 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the Head of KuCoin Trading Bot, Cloud, in the KuCoin Trading Bot Discussion Group.

To celebrate Christmas, KuCoin Trading Bot will hold a week-long “TRADING BOT MASTER GAME” before Christmas.

Q&A from KuCoin

Q: What are the rewards for this event?

Cloud: For this event, we have prepared a variety of rewards for you. Including USDT bonuses, various popular tokens airdrop, and popular VR headsets!

VR headsets are a big toy that is very popular right now. The single-lens Pancake makes it have a larger field of view, lighter weight, and higher brightness. Its internal screen has an overall resolution of over 4K+. The front camera of PICO 4 adopts a 16-megapixel Sony color camera, so it shows a full-color perspective of the real world. It is believed that it can be used to realize MR functions in the near future.

Q: How many activities are there in this event?

Cloud: There are 5 activities in total. The first 3 activities are leaderboard competition. The remaining 2 activities are lucky draws.

Q: Can you introduce them separately?

Cloud: sure! Activity 1: Join Trading Bot APR Competition, Win KuCoin Honor Award & Up to 1,000 USDT.

During the event period, the top 5 users by APR Ranking of any Trading Bot will win the following reward package.

Q: Is it okay to create any bot?

Cloud: Yes, you can create spot grids, contract grids, martingales, smart positions, infinite grids, or fixed investment, all are fine.

Q: Is it okay to create any trading pair?

Cloud: Yes, you can create any trading pair you think is worth investing in.

Q: Is there anything else we need to be aware of?

Cloud: One thing to note, you must create a new bot after the event has started. If it is a robot that you have created before and is still running during the event, it does not meet the requirements.

Q: How do I know if I'm on the leaderboard?

Cloud: We will publish the previous day's leaderboard every day, you can check if you are on the list.

At the end of the event, the system will rank the APRs of all Trading Bots that are created during the activity.

If you have more than one Trading Bot, then the one with the highest APR will be counted.

Q: How is APR calculated?

Cloud: APR = (Total profits/Total investment) / Days of operation * 365 days

You can easily see this APR on the bot detail page.

Q: Okay, I have no more questions, please move on to the second activity for us.

Cloud: Activity 2: Join Total Profits Competition, Win PICO 4 VR Headset & Up to 800 USDT

During the event period, the top 3 users by Total Profits Ranking of any Trading Bot will win the following reward package.

At the end of the event, the system will rank the Total Profits of all Trading Bots that are created during the activity.

Q: How is Total Profits calculated?

Cloud: Total Profits = Realized profits + Floating PNL

You can also easily see this on the bot detail page.

Let's continue.

Activity 3: Join Featured Trading-Pair APR Competition, Share Token Rewards

During the event period, the top 3 users by APR Ranking of any Trading Bot of the featured trading-pair below will win the following rewards.

Q: Any token in the Hi-series can participate in this competition?

Cloud: Yes. For example, HIBAYC, HIPUNKS, HIENS4, HIFIDENZA, HICLONEX, etc., as long as they are Hi-series tokens, they are all included.

Q: OK, can we continue?

Cloud: Activity 4: Lucky Draw, Share 700 USDT Rewards!

During the event period, we will randomly select 10 lucky winners everyday from qualified users who create any new Trading Bot during the event period.

A total of 70 lucky winners will be selected. Each winner will get 10 USDT rewards.

Activity 5: Exclusive Lucky Draw for Newcomers

During the event period, we will randomly select 40 lucky winners from the newcomers who create Trading Bot for the first time. Each winner will get 20 USDT rewards.

Q: I've run the bot before so I can't join activity 5?

Cloud: Right. This activity is to reward new users of the bot, and you must create the rbot for the first time during the event to be valid.

Q: How to participate in this event?

Cloud: During the event, you must meet the following conditions to qualify for the event.

Step1: Create a new Trading Bot during the event period.

Step 2: Share the screenshot of the Trading Bot's APR to any KuCoin Telegram group or KuCoin Social.

Step 3: Save the screenshot of the sharing page. And upload the share screenshot and to the registration form 👉 https://forms.gle/cSv252CpNsMMMwXu8

How to share the APR image of your Bot to Telegram group?

Here is a guide👇

After completing the above 3 steps, you are eligible to participate.

Q: Is it convenient to ask, why do you want everyone to share APR image in the group?

Cloud: This is to encourage everyone to publish their bot strategies for more people to see. If your bot APR is very high, you must be very happy to let more people know. If your APR is a bit miserable, you can also share it and ask people in group to help you make suggestions.

Of course, you can also follow the high-APR bot strategies posted by others to earn more profits.

Q: I am a newbie. Can I also use Grid Trading, Choose AI mode, or configure the mesh manually?

Cloud: If you are new to Grid Trading Bot, it has two features to help you get started easily. One is called AI parameters, which will suggest the bot settings based on the historical data of the coin.

The other way is to copy others’ settings. For example, in the leaderboard, you can find the top gainers, view his Grid settings parameters and copy them directly.

After using one or two Grid Bots, you will have to set your parameters according to your own experience and preferences.

Finally, you can open the KuCoin APP to find a Trading Bot. Try to create your first bot!

Q: Trading Bots are still a certain threshold for some people. Are there some tutorial videos?

Cloud: Yes Of course.

1.How To Copy The TOP Trading Robots: https://www.youtube.com/watch?v=RMXBEASEfcU

2.Spot Grid Trading Tutorial: https://www.youtube.com/watch?v=wAJ7tzDcw6I

3.Kucoin Futures Trading Bot: https://www.youtube.com/watch?v=eWrLWQssp4w

4.Trading Bot Tutorial 2022 (Step-By-Step Guide):

https://www.youtube.com/watch?v=-gUU0NpY2bU

5.more tutorials:

https://kucoin.notion.site/KuCoin-Trading-Bot-Tutorial-Center-a83bab1123094dea957851811a1a2fb7

Free-Ask from KuCoin Community

Q: How much money do I need to activate the bot?

Cloud: Generally speaking, the investment threshold is lower than 100 USDT. You can try different trading pairs, some trading pairs have a starting investment of almost 40-50.

Q: Why are those with running bot not considered for the activities?

Cloud: It's fairer for everyone to run the new bot in the same time frame.

Q: Is there any time limitation for running the bot? What would happen if I were to manually close my bot before the end of the event?

Cloud: There is no time limit on the running of the bot. But generally speaking, it takes about a week for the grid strategy to see the effect. You can participate as long as you create a new bot during the event, no matter when you turn it off. We will count up to the moment when the event ends, all newly created bots during the event will be ranked.

Q: What Trading Bot strategy do you advise a newbie like me to get started with?

Cloud: As a newbie, you can try spot grids first. It is a classic grid strategy that allows you to set a price range and lay out the grids. As long as the currency price fluctuates within this range, the bot will automatically help you buy low and sell high to earn profits.

Q: For the competitive advantage of your project, can you tell us a unique feature of this project that you feel most confident about?

Cloud: Cryptocurrency prices fluctuate 99% of the time, and only 1% of the time is skyrocketing and plummeting. Therefore, the volatility market is the most suitable for grid bot.

Q: How to stay cool in the current situation on the cryptocurrency market? Can you tell us what are your next major priorities for upcoming 2023?

Cloud: There is a saying, bear market earns coins, bull market earns USDT. So you can use the coin-based grid bot to earn more coins now. eg. ETH/BTC. Next year, our team will innovate and develop in the direction of custom strategies to provide you with more personalized trading strategy production tools. There will also be an on-line follow-up order system, so that everyone can more easily follow strategies with a high winning APR with one click.

Q: What are the advantages of using a Trading Bot?

Cloud: 1. Trading Bot can fundamentally solve the problems caused by investor sentiment fluctuations.

The most common is that you want to run when it goes up a little, and when it goes down, it is unwilling to stop the loss in time and gets stuck. Such a long-term operation results in a small profit and a big loss. The longer the time, the more you will pay. Even if the bull market hits, you're just waiting to unravel.

Therefore, trading should return to rationality, not emotion. Trading Bot allows for strictly executing trading strategies without being influenced by emotions.

Spot Grid bot buys when it falls, sells when it rises, buys low and sells high. This is the most basic way to profit from Spot trading. But many people can't. When it goes up, you will be greedy. When you fall, you will be afraid.

So how can you solve this problem? You need a tool that can strictly enforce your trading strategy. Enter when it's time to get in and get out when it's time to get out.

2. Trading Bot is especially suitable for crypto in volatile markets.

Trading Bot has the characteristics of increasing positions at low levels and reducing positions at high levels, which is naturally suitable for volatile markets. For example, the currency market is a bullish short and a bearish long. According to data, 99% of the currency market is in a volatile range, and the other 1% of the time, the market is skyrocketing, which provides a natural trading environment and soil for us to do Grid Trading Bot.

3. No need to watch the market, 24-hour automatic arbitrage. You need sleep, but bots don't! Trading Bot can help you automatically buy low and sell high for arbitrage 24 hours, which is especially suitable for 24-hour markets such as cryptocurrency.

4. The risk of loss is lower than manual trading. When the market falls sharply, because Trading Bot sets a price lower limit, when the market price exceeds the price lower limit, the bot will not trade and lose less than those who hold the spot.

2022 KuCoin Christmas Carnival

🎁 Join Trading Bot Master Game, Share 20,000 USDT Worth of Rewards!

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