Follow influential people through social media, and automatically trade their news / signals with your trusted broker. 💰 🤓
Napcat.io is developing a trading bot software that allows users to interconnect their Social Media applications with their trusted brokers.
Napcat is building Automation bots to trade cryptocurrencies based on news. The goal is to connect your social media with your trusted brokers in Crypto and Forex & follow the signals.
The idea behind our vision is to allow users to follow professional traders, governments and/or other influential people through social media, and automatically trade their news / signals with a trusted broker.
News and media can influence the world, and our goal is to be the first ones to convert the noise and signal into a trading decision with your trusted broker.
Here are some Use Case examples:
Here are some more use cases:
- Elon Musk tweeted that Tesla merch can be bought with DOGE coin, which moved Doge by about 15% within minutes 🚀
- Apple share rose 1.2% to $448.04 in February, after Douglass Klass’s post that Apple might announce a stock split
- Jeff Gundlach’s tweet in April “Gourmet burrito is an oxymoron” resulted in a 2% dip in the restaurant’s stock
- Bitcoin’s value jumped more than 20% to $38,566 after Elon Musk changed his personal Twitter bio to #bitcoin
- Fashion critic Nina Garcia sent JC Penney shares up when she posted favourably about the prototype
- +15% Dogecoin Price rise, 5 minutes after Elon Musk tweeted about Doge on April 2022.
- Audience, saw a 25 percent drop in its stock price after a false report surfaced on Twitter that the company was being investigated for fraud
Our bots work in such a way that a user can set a desired Take Profit amount and profit from such instances.
But also some reversed trades that users could have profited from controversial figures, such as JimCramer, Tony Vays and the influercer Carl The Moon.
Take Jim for example, he is so notoriously famours for “not getting it right” that someone applied for a “Reverse Jim Cramer ETF” on the stock market — this is quite a big deal! 🤓
https://www.ft.com/content/1ce4242f-c096-43e2-bbc8-92c47e098952
Why would someone want to reverse trade?
Many “crypto influencers” are known to dump on their communities, so when they sell “BUY” to their community, they actually “SELL”. We want to give the opportunity to our users to go the opposite direction and “reverse trade” such people.
How can our bots take short positions?
We simply sell the position that the user has and buy back at a lower price, booking a profit in the desired asset.
In the pipeline we will also introduce Futures trading through your trusted brokers such as Binance, Coinbase Pro, Huobi, Kraken etc.
Key features include:
- Manual or AI powered content tagging and search.
- Manual or AI trading decisions.
- Image & Text recognition.
- Trends and quantity impact.
- Article and entity-level sentiment analysis.
- Recognize topics and understand the market.
- Automations for buy/sell order placement.
- Social Copy Trading Events through social media.
- Backtesting.
- Non Custodian.
- Encrypted API and user data.
- Paper — Demo Trading.
Conclusion
Napcat is a copy trading platform that allows users to trade the news by following important users on social media.
As a platform, we will offer a range of cryptocurrency trading tools and services for both experienced traders and beginners. The Napcat team has designed an intuitive interface and a variety of trading tools with the focus of social trading, trading, and multiple app integration in order to help users manage their assets across multiple platforms.
Features include copy trading, smart automation, and more importantly, social media trading based events. All trades will include stop loss and take profit options, the ability to split investments into multiple entries, and a user-friendly interface with TradingView charting.
Thank you all for reading!
Visit www.napcat.io
Twitter: https://twitter.com/napcat_io
Join us on Discord https://discord.gg/jARRkC4Kk5
