Gimmer - Automated Crypto-Trading


What is Gimmer ?Using trading bots on Gimmer removes the chance of human error, avoids costly emotional decisions and importantly saves you having to memorise complex trading strategies for yourself. What’s more, experienced or successful traders can make additional revenue by renting their strategies to other customers through the bot store. This allows complete beginners to invest with confidence and ease by renting these strategies from the Gimmer Bot Store. Everything in the bot store has live metrics to show how the strategies have performed, and ratings showing which strategies are the most popular. Inside the Gimmer ecosystem, all customers will be able to share cryptocurrency information, insight and views, ask questions and learn from fellow traders in our built in social trading network. Users will also be able to like and rate content.

The Gimmer team is aware of potential risks associated with a decentralized crypto-trading platform and the associated cryptocurrency. Gimmer is vigilant of the potential regulatory ramifications and have taken measures to minimise potential risk in a commercially reasonable manner. Gimmer will remain responsive and will work with regulators as necessary, moving forward. 

Gimmer is the creation of both intrigue and frustration. It started when two friends – both blockchain enthusiasts – decided to look into cryptocurrency trading. However, the further they looked, the more confusing it became. The barriers to entry were huge and the learning curve was even bigger. With backgrounds in User Experience Design and Full Stack Development, they had the vision to make an automated cryptocurrency trading platform that anyone could use.

This paper discusses the current status and future plans of the Gimmer platform. It aims to demonstrate how we are using our teams’ expertise to make cryptocurrency trading easy and accessible for everyone. To date, Gimmer (currently in working beta version) has been self-funded by our dedicated team, we’ve built Gimmer outside of our day jobs. As individuals, we’re masters of our trades and crafts. Collectively, we are passionate and excited – not only about making Gimmer a success – but also achieving success in the world of cryptography, blockchain technologies and how the world is rapidly changing with regards to digital currencies. With the funds raised from the Gimmer token sale, we’ll be able to expedite the development and launch of Gimmer in 2018. We’ll be able to fund and grow our global team of experts so that they can focus purely on Gimmer. They will be able to collectively work 24/7 delivering the list of great features, enhancements and functionalities outlined in our road map. Gimmer has a rapidly growing network of collaborators eager to contribute and be part of the chain.

Getting this far has been an amazing journey and reaching the Token Sale is a big milestone for us. We would like to take this opportunity to thank all of Gimmer’s passionate and devoted team, our families for their continued support and understanding, and our advisers for their help and guidance.
Together, we’re going to make remarkable things.

Problem statement
Since its inception, trading or investing in cryptocurrencies has been time-consuming and complex. You not only need to understand the complexities of trading, but also the complexities of a rapidly growing cryptocurrency market. As the cryptocurrency market is open 24/7 and can be highly volatile, to be successful with trading, you need to be constantly monitoring your trades. It’s not a case of set and forget. Some platforms have introduced a basic form of automated trading bots, but to use them eectively, you need programming skills, which adds additional complexity and yet another barrier to entry. With new currencies being created every day, there is much to learn for all traders. To find this information, lots of research needs to be done, which also consumes valuable time. 

The solution
Our goal is to provide the best automated cryptocurrency trading platform that blockchains have ever seen. One that is quick and easy to use and accessible to all customers, no matter their background or trading experience. With Gimmer, you do not need to be an expert trader or know any programming. Gimmer simply connects to a customers cryptocurrency exchange account and then uses advanced algorithmic trading bots to make the trades on behalf of the customer – at parameters that the customer has set. The bots require no programming skills, no previous trading experience and no in-depth knowledge of cryptocurrencies is needed. Gimmer is suitable for anyone who wants to trade and invest in the cryptocurrency market and does not have the relevant skills or the time to watch the markets all day long.

How Gimmer works
In a market that never sleeps, experienced traders and crypto-enthusiasts no longer need to be chained to their screen 24/7 monitoring exchanges. Now, they can quickly and easily create trading strategies and have their own team of Gimmer bots doing all the buying and selling for them. Trading bots are configured through a simple point and select interface so you don’t need to learn any programming or any new skills to create your strategy. You can configure a trading bot to include any number of indicators, safeties and currencies as you like. Once setup, you can run backtests to see how your strategy would have performed over a previous trading period – this is worked out using historical data. When ready, charge your bot with Gimmer tokens, sit back and relax. The Gimmer trading bots connect directly and securely with your preferred exchange, sending the buy and sell commands automatically so you don’t have to.

Market information
The market is currently split between Bitcoin and Altcoins (the name given to all the other coins), with Altcoins taking 45-50% market share. So, with over 1,200+ currencies and 5,000+ markets, it’s no surprise that the 100+cryptocurrency exchanges are busy places. Although the exchanges have varying merits, they typically have only manual trading tools, so anyone looking to truly capitalise on the markets needs to be chained to their computers 24hr a day, 7 days a week – as unlike traditional FIAT markets, cryptocurrencies trade 24/7. If you looked at the top cryptocurrency exchanges at the time of writing this paper, the combined 24hr trading volume as displayed and calculated on www.coinmarketcap.com was in excess of $11 billion USD.

Social trading has been successful for traditional market trading but has not been adopted in the cryptocurrency market. With so much growth in the market and such value for customers, we see this as another huge opportunity for Gimmer. Although the many skeptics around the world are saying that blockchain technology and cryptocurrencies are nothing more than a bubble, the growing data suggests otherwise. Gimmer believes the principles of decentralization, transparency, privacy, and security means that blockchain technology and cryptocurrencies are here to stay and are still just in their infancy.