Why Now and Why Us?
You might be asking or wondering, “Why now, KJ?”. Automation has always been a huge thing. “So why would you attempt to bring crypto automation to the masses now?” Now is the perfect time for automation. The past two years, with the pandemic, people had plenty of time to take up new skills or learn new things. With everyone going back to their day jobs, automation is the only answer.
To add to that, those in crypto are most likely poorer or in the same place from where they began. I would bet that despite the massive run crypto went on in 2020–2021 people are not much farther from square 1. It is a sad reality but a true one. This can be seen from daily trading volumes. It is safe to assume that you are either down from where you started or either bagholding until the next cycle.
For many, crypto was just another way to gamble. If crypto was not risky enough, then you can add on leverage to your positions. Futures are very very risky. Everyone will blow up eventually. I personally do not know anyone in crypto that has not lost it all or liquidated at least once.
It’s simple. Our goal is to give our users the peace of mind that they are in good hands. No human can or ever will compete with an algorithm. We will always be ahead of the game. Manual traders might periodically outperform us but inevitably will succumb to the risks.
Personally throughout my journey in crypto one thing has been clear. People want consistency. Passive income is relied on by the masses. For example, most of the growth of Anchor and UST could be contributed to the people’s desire for passive income. An almost guaranteed 20% return annually on your money is crazy. This vastly outperforms any guaranteed returns in equity markets.
“That’s great KJ, but why the Jupiverse?”
We are the largest decentralized algorithmic futures trading DAO. There are plenty of algorithmic spot options. But they severely underperform in turbulent markets. Our algorithm trades both longs and shorts to capitalize on the market’s volatility.
One very last important thing to mention: Safety is our number one priority. If we take Anchor for example again, there are many risks to Anchor. UST could depeg, pools could be drained, your funds could be exploited, and the rate could change at any moment. These risks are something that you must take into account. The only risk involving the Jupiverse is a major CEX getting exploited. A major exploitation of Binance or FTX is a virtually impossible task in the world we live in today.
About Cyber Drops DAO
Cyber Drops DAO is the industry leader in decentralized algorithmic trading. We are a community driven DAO built on Ethereum. The future is a decentralized, autonomous, and transparent world. Together, we are working to build the Jupiverse.
Links:
📚White paper: https://tinyurl.com/yrv5k5w2
💼 Discord: discord.gg/cyberdrops
🪶 Twitter: https://www.twitter.com/CyberDropsDAO
