Aluna Social

INTRODUCTION

Aluna Social is a multi-exchange crypto trading terminal and copy trading and social network platform. The Aluna Social platform combines several core features such as the multi-exchange trading terminal, the traders’ social network, the copy trading functionality, and prediction games.

Aluna Social as a cryptocurrency trading platform can be used to make trades of Bitcoins or other currencies, either manually, or by using a bot, as both modes are made available to them through the platform.

The Aluna Social platform’s ALN utility token is expected to play a significant role in tying the ecosystem together and promoting its development, weaving incentive, and gamification mechanisms into every aspect of the trading platform.

The Aluna Social platform is an API trading terminal, which can combine multiple exchanges into one simple dashboard using API keys. An application programming interface (API) key is a code used to identify and authenticate an application or user, available through the platform. They act as a unique identifier and provide a secret token for authentication purposes.

The platform currently supports the following exchanges: Binance, Bitfinex, Bittrex, Bitmex, and Poloniex. Users of the platform can integrate all these different exchange accounts onto the platform by using their API keys.

Aluna Social is also a social platform with a leaderboard showing the top traders of the week and the best trades of the week. You will be able to copy and counter-copy favorite traders.

The platform offers a cryptocurrency trading bot that automates the trading of cryptocurrencies by using crypto signals together with the user’s settings and rules and helps traders to find top-performing crypto traders and copy all their trades automatically, thereby enabling investors to make the top trades by either copy-trading or receiving trade suggestions as based on technical and fundamental analysis.

Trading bots make the process to get into the cryptocurrency trading scope easier to maintain and help traders in their quest to maximize their profits and minimize their losses. It helps to ensure maximum returns and can make an extraordinary portfolio for anyone.

HISTORY AND HEADQUARTERS

The software company that provides the Aluna Social platform, is registered in the Republic of Singapore. The team consists of dedicated traders, developers, and designers who have been trading cryptocurrencies since 2013 that had enough prior experience trading legacy markets, therefore transitioning to trading crypto assets was a natural step.

They have spent years in the crypto trading community and developed Aluna Social as a solution to some of the biggest problems that traders face.

Aluna Social combines real trading data with rich community and social characteristics into the trading platform. As part of the Aluna Social traders’ network, traders share their strategies and performance with the rest of the community, enabling others to learn from their actions and automatically copy their trades.

FEATURES OF THE ALUNA SOCIAL PLATFORM

Aluna Social combines the best of both trading terminals and social networks to provide several helpful features combined in its platform. Among others, these features comprise the following:

Multi-exchange trading terminal

Many crypto traders face the need to manage their activity across multiple exchanges as there is no single exchange that features all the important trading pairs. The Aluna Social platform enables users to connect all their exchange accounts with the use of their API keys to manage all the accounts in one place. They can also track the performance of their whole portfolio within one interface.

A Social Network for Traders

One of Aluna Social’s most innovative solutions is its social network for traders which allows users to post opinions but can also track their actual trading activity, making it possible for other members of the trading community to compare their words to their deeds.

Copy Trading

Aluna Social offers platform participants automated trading and algorithmic strategies.

An Aluna Social trader can elect a certain amount of crypto that will be programmed to automatically make the same trades as an account of their choosing, or the opposite ones.

With the second option, experienced traders can contribute algorithmic strategies from custom trading bots, which can also be copied. Aluna Social also provides users with a platform to develop their strategies.

Monthly Trading Competitions

Aluna Social is developing Return on Investment (ROI) Farming, for giving ALN awards to the best traders on the platform. The top traders are rewarded with ALN tokens on a monthly and yearly basis, to effectively act as a performance incentive. This also motivates good traders to share their trades on social network.

Leaderboard and Profit Sharing

Once PRO subscriptions go live on Aluna Social, up to 50% of the monthly subscription fees paid for accessing premium features are transferred to the Performance Pool to be used to reward top traders on the platform as determined by the Leaderboard every month.

Prediction games

Aluna Social also plans to feature prediction games in the form of binary outcome and social trading games. Binary outcome games involve predictions about questions with two mutually exclusive answers and social trading games will allow users to make bets without fully exposing themselves to opposing outcomes.

ADVANTAGES OF ALUNA SOCIAL

Aluna Social offers logic-based decisions, not clouded by human judgment and emotions, with decisions based on an algorithm formulated for maximum profit.

Advantages include:

• The Aluna Social copy trading social network is free to use.
• Aluna Social allows users to use other traders’ opinions and express opinions themselves, as well as benefit from rewards for participation and trading performance.
• Aluna Social users always remain in control of their funds.
• Innovative incentive mechanisms include ROI Farming and a performance pool split among the top traders of the month.

DISADVANTAGES OF ALUNA SOCIAL

Aluna Social offers a limited number of cryptocurrency exchanges.

PROS AND CONS SUMMARISED

COST AND FEES

For the moment, the Aluna Social platform can be used for free, but it may become a paid platform in the future.

The price will most likely be very affordable and users will be able to connect their Bitfinex, Binance, Poloniex, or Bittrex accounts.

PAYMENT METHODS

To buy crypto via Aluna Social (ALN), you need to have Bitcoin (BTC) or Ethereum (ETH) and can use a credit card or bank account.

SAFETY AND REGULATION

Aluna Social trades directly on the exchange side, making users’ trades and resources safe and secure.

Aluna Social is safe and secure to use since traders’ funds are secured on the exchange side. The API keys (which are Read and Trade-only) will ensure that no one can withdraw your funds but the trader.

HOW TO USE ALUNA SOCIAL

Once a trader has signed up for a free Aluna Social account, he can connect his exchange account via API keys to allow Aluna Social to have access and make trades on his behalf.

A trader funds their exchange account as they normally would and then they can use whichever features from Aluna Social that they would like to, to automate their crypto trading and maximize their profits day and night.

CUSTOMER SUPPORT

The customer support team of Aluna Social can be reached via a live chat option or email and support is promised to be available 24 hours per day. Traders can join a mailing list to receive updates from the team too. They will regularly send you crypto market updates, learning materials, tips, and tricks on crypto financial freedom, and many more.

EDUCATION AND TRAINING

Before starting to trade, potential Aluna Social clients should arm themselves with all possible information and trading skills needed to be successful in the world of cryptocurrency trading. If Aluna Social’s website itself does not provide enough means, a trader should explore other information sources to obtain those skills and knowledge.

RESEARCH

Potential traders always need to do as much as possible research about speculative trading before commencing to do it. Successful trading relies heavily on knowledge and understanding of the markets and the platform; therefore, research options form an integral part of its features when choosing the right company to trade with.

SUMMARY

Aluna Social provides a one-stop-shop solution as the crypto space becomes larger, with new blockchain platforms, DApps, tokens, and exchanges created regularly.

With the help of such platforms, retail and professional traders get a better chance to maximize their potential.

The Aluna Social platform has lots of potentials. It allows for a lot of functionality connecting 5 exchanges as well as social media like Twitter and Telegram.

Aluna Social is an interesting combination of social networks for crypto traders and trading automation and is lauded for its efforts to bring transparency to the crypto ecosystem.

DISCLAIMER

Aluna Social warns potential traders that Forex and Crypto trading always carries a prominent level of risk, therefore may not be suitable for all investors.

Aluna Social products are complex instruments and come with a substantial risk of losing money rapidly due to leverage, thus not necessarily suitable for all types of investors.

Potential traders should consider whether they understand how these products work and whether they can afford to take the substantial risk of losing money.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

FAQ

What is a crypto trading bot?

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market. Bots can carry out trading actions even while you are sleeping.

Why are crypto trading bots useful?

Crypto trading bots remove fear and emotions from the trading calculation by allowing investors to execute trades based on a predesigned strategy. Bots enable a trader to run his trading plan 24/7 so if you are a part-time cryptocurrency trader or are unable to always stay on top of the market, a bot allows you to trade efficiently without having to dedicate lots of time to market analysis.

Are trading bots legal?

Cryptocurrency trading bots are fully legal but not all brokers allow bot trading. Algorithmic trading is legal, but many people have objections to how automated trading can impact the markets. There are however no rules or laws in place that keep retail traders from making use of trading algorithms.

Are trading bots safe to use?

Aluna Social takes security very seriously and it follows the strictest processes to assure a higher level of security by using encrypted data.

How to choose the best trading bot?

There are specific key functions to remember when choosing a cryptocurrency trading bot. You need to understand functions like reliability, security, profitability, transparency, and ease of use when researching bots, so it is important that you understand exactly what each one means.

Do I need to deposit funds?

It is optional and usually depends on the service a trader wants to use.

Are there trading fees charged?

No, Aluna Social does not take any fees from your trades. The only fee you need to pay is the one from your enabled exchange, nothing from Aluna Social.

What types of payment does Aluna Social accept?

Currently Aluna Social accepts Bitcoin (BTC) or Ethereum (ETH) and a credit card or bank account.

Do I need to pay for the signals?

There are Free and Paid signal providers and copy traders integrated with Aluna Social.

How much profit can a trader make?

As a platform Aluna Social’s role is that of an intermediary, to make it easy to trade or invest for traders, but it cannot assure any profit. Profit depends on the trader’s choices and the market conditions. Crypto markets are very volatile; therefore, traders are always encouraged to only manage the funds they are willing to lose.

Is a trading bot easy to use?

Yes, if you decide to go with Profit Sharing, which is the easiest way to invest, you only need to choose a trader to invest in and allocate the desired amount. And if you need help, support is available.