Meet Gimmer: An automated trading platform for cryptocurrencies
Gimmer promises to help amateur cryptocurrency investors by helping them create and test automated investing strategies.
Interview from Blockchain Week London. 23rd January 2018.
Read the transcript:
Hi, my name is Philipe Comini. I'm the CEO of Gimmer.
Gimmer is an automated trading platform for cryptocurrencies. The platform that we're building enables traders to quickly create their own trading strategies, and appoint and have a bot trade on their behalf. There's no programming required, no programming skills required, and it's basically accessible for everybody.
I would have thought that many of the traders who get involved with this would have some kind of programming knowledge if they're in this field, so who exactly are the customers you're trying to appeal to?
Retail traders mainly. Again they are creating bots that are trading on their behalf 24/7. Indeed it requires some programming skills, and you have to have a unique skillset. Are you either a trader or a developer? To have both those skills combined in one person is quite unique.
So if you're a trader, and you happen to have a bot that you don't know how to program, you have to spend time. You have to research, you have to deal with the volatility of the crypto markets, and you know this happens all the time. We are just making this really easy for the retail traders to create a bot and have it trade on their behalf.
Is there anything else like this around?
You mean competitors? Yes. There are a few competitors that have similar propositions. In the end, if you're talking about bots and AI and machine learning, it's going to boil down to the fact that the solution is the bot that has the highest level of accuracy. At the end of the day, is this bot going to make a profit, or make a loss? And based on different features we have on the platform, we are enabling the bot to get the information correct.
Coming from different data sources will be something called indicators. They will tell the bot what's going to happen in the market, and based on that the bot will make a decision. So the better the algorithm is, the higher the accuracy will be. We are working really hard to create an intelligent bot that can, at some point, outsmart humans and continue trading 24/7.
So you're going to have the best algorithm?
We trust we will.
What stage are you at now?
Well, last year we had an MVP running for about four months. We had around 800 active users, and they started to ask for more features. Can I have this, can I have that? We want to fulfil the audience needs. We do have the capacity for that, but now we're going through a token sale to raise funds to continue developing the platform.
Right now, the state of the application is that we have only a demo which does not allow you to actually trade with real cryptos. It's just a demo which allows a back testing feature. This means you can create a trading strategy, and you can backtest that strategy using historical data from exchanges. So you can see how your strategy would have performed within a certain period of time.
That's the current state of the demo. We are planning to launch the full application that can trade real coins in June this year.
And then once you've launched that application are there going to be any special features offered on top of it? Are you looking at expanding to other offerings?
Yes, once we launch the full dapp, the features that we have are the actual trading features. You will be able to do margin trades and trade on the exchanges. There will be upcoming features like arbitrage bots, scalper bots, landing bots. That's all now in our roadmap but up to the date we actually launch the dapp, the basic feature will actually be just trading.
We will give a free bot as well. The first bot you can get is free, and it gives you one indicator, one safety, and one pair of coins. And as you add more pairs of coins, the bot can understand what you want to trade, or you may want to add more indicators to increase the level of accuracy of the bot, then we start charging. But the first bot is free. For the trader who is really good and who knows what he is doing, he can actually make money with a bot that is going to be for free. So it's quite appealing.