📈Trading algorithm

Performances overview

Our algorithm is the core of our ecosystem since its performance will have a major impact on our tokens behaviour.

We started trading on FTX on spot only (risk close to 0) with a capital of $111,000 raised in presale early July.

And we couldn’t be happier with the algo results, it reached our expectations and even beyond. Consistency, versatility, corrections-proof, great performances.

Here is the summary of its profits since launch, mid July until now.

Auto-compound is the amount we reinject in the algo capital every time we withdraw profits.

Average perf is close to 8.5–10 % per month which was our high end goal and is fantastic results for a spot algo.

We expect profits to greatly increase due to global compounding, $BONES sell tax and bernardswap’s other mechanic as seen earlier.

Based on our past results and algo global datas provided by our partner ganymede we can expect the following performances.

With volumes kicking in on bernardswap, $BONES sell tax (5% to grow algo’s capital) will make profits go exponential. Optimistic scenario projects $440000 of profits to buyback our tokens in 2022.

We do not take into consideration global crypto market cycles as our algo provides the same level of performance in a bear market environment.

Buybacks

Algo profits are reinjected twice a month in bernard.finance ecosystem in the following way :

• 50% to buyback $BARREL tokens

• 30% to buyback $BERN tokens

• 15% to auto-compound

• 5% to buyback $GANY tokens

As much as we think we have a good balance here, we also have to take into consideration the rise of $BONES.

We are thinking about replacing the auto compound profits (15%) to buyback $BONES, because our simulations suggest that $BONES tax will be enough to sustain fresh capital injection in the algo.