What is Dropil?
Dropil is a next-generation cryptocurrency trading platform with several unique features. Using its system-native token, named DROP, users can access a wide variety of trading services, many of which are automated. Dropil features not only automated trading through its DEX (Decentralized Exchange) but also advanced arbitrage services with strategies corresponding to predetermined levels of risk. After a set amount of DROPs are deposited into the exchange, users can put Dropil to work for them, letting the system automate its trades through its system known as “Arthur,” or pick their own trading strategy using Dropil’s generated list of arbitrage opportunities.
History of Dropil
The idea for Dropil originated from the goal of providing a fast, easy-to-use trading system in which not much effort or knowledge about cryptocurrency was necessitated on the part of the user. The Dropil ICO went for one month, during February and March of 2018, and was largely successful. DROP opened for trading on its first major exchange on April 1st, 2018, opening with a $100 million market cap. A total of 30 billion DROPs were initially created upon launch of the contract, with roughly 21 billion in circulation at any given time. Dropil maintains an active user community and is always seeking new partnerships with other blockchain-based businesses. It has a team of highly specialized marketers and web developers who are constantly finding ways to improve upon its platform and offer greater value for its users.
How Dropil Works
Dropil expands on the ideas of an exchange by automating many trading functions using advanced, proprietary algorithms. After users deposit an initial $50 work of DROP into the platform, they become eligible to use Dropil’s features, and can cancel the services and withdraw their DROP at any time. Dropil allows its users to withdraw profits accrued through trading on the platform once every 15 days. Dropil’s Insights dashboard contains a wide variety of statistics, including membership figures, total money invested in the platform at any given moment, how each risk class of investments are performing, and in which coins it is currently allocating its funds.
Dropil offers several advanced features for a trading-based cryptocurrency platform, some of which are:
Autonomous trading. Dropil’s Arthur trade bot will conduct automated trades on behalf of its users. It works across multiple major exchanges and is frequently updated to assure that its trades remain largely profitable.
Advanced arbitrage. The Dropil platform lets users identify the best arbitrage opportunities by finding the biggest price differences between a wide assortment of coins on some of the most popular cryptocurrency exchanges.
Smart wallet. Dropil’s custom-built wallet is called Max and is a multi-currency wallet. Dropil markets it as “the toughest cryptocurrency wallet,” meaning that it is a highly secured, robust and easy to use.
ERC20 compliant. As an Ethereum-based token, DROP enjoys all the benefits of running on the Ethereum network, meaning it has fast transaction times and a great level of security.
Customer friendly. Dropil offers a large support team that is highly accommodating and is always ready to help its users navigate their system, with 24/7 service and fast response times.