329
views

How to Create and Manage a Crypto Fund on Shrimpy

Starting a crypto fund is a big step towards improving your investment strategy. In the past, creating a crypto fund was a difficult task that required weeks of complex implementation and development work. Luckily, Shrimpy simplified this process to minutes via the integration of advanced protocols and proprietary features.

How Shrimpy Works

Shrimpy is a next-generation trading bot and social trading platform that allows investors to create and manage their indexes via a simple and intuitive interface. The platform is best known for its security and ease-of-operation. Shrimpy makes it simple for anyone to start a crypto index in minutes. Here’s how you can start your fund today:

Register Account

The first step to a better financial future is to register your account. The registration process is straightforward and requires only minutes to complete. Once you fill out the required information, you will receive an email that contains a verification email.

Click the link in the email, and it will take you directly to your dashboard. Here, you can access all the most vital features and data you need to make the most of your trades. You will see a Create New Portfolio button. Once you click this, it will take you to the Allocations screen.

Select Your Allocations

This page will allow you to select your portfolio’s allocations. Crypto asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets to meet your overall investment goals.

Configure Your Index

Once you have your allocations in place, you are ready to configure your index. There are a variety of parameters here to consider. You will want to familiarize yourself with all of the choices provided:

  • Weighted – You can decide to balance your portfolio equally or based on market capitalization.
  • Number of Assets – Shrimpy allows investors to select up to 30 different assets in their portfolio.
  • Minimum Percentage – Shrimpy allows you to assign a minimum weight to your assets. If an asset drops below the required weight, your portfolio will automatically adjust to compensate for the difference.
  • Maximum Percentage – You can also limit the percentage an asset holds in your portfolio. This strategy allows you to avoid portfolio centralization during times of major Bitcoin dominance.
  • Exclude – You can select assets that you don’t want in your portfolio. These assets will remain blocked until you decide otherwise.
  • Exchanges – As part of Shrimpy’s flexible approach to the trading sector, you can select what exchanges to include in your index. Impressively, all you need is your API keys to get the process started.

Trading Features to Help You Out

Shrimpy integrates a variety of crucial functionality that provides investors with more security and streamlines the trading experience. Here are some of the best features to consider when using this next-level trading platform:

Social Trading

Social trading is a new feature to the crypto community, but it has been a long time go-to for stock traders for years. This feature allows you to duplicate other trader’s strategies automatically. This is a huge benefit to anyone new in the sector. They can watch, learn, and earn from traders that have been in the market since its earliest days.

Passive Income

Reversely, if you think you have a trading strategy that works excellently, you can decide to allow Shrimpy users to duplicate your trades. Best of all, Shrimpy will pay you for your services. Currently, you earn $4 for every follower you gain. Of course, if you are the charitable type, you can choose to make your trades public for free. You still earn all that free Karma.

More Flexibility

So what can you do if the cryptocurrency you want to trade isn’t on any of the exchanges available? That’s not a problem because Shrimpy allows you to add these digital assets to your portfolio via a cold storage feature. Best of all, Shrimpy will include these assets in its portfolio balance calculations. 

Trading Made Simply

Everything about Shrimpy makes trading more simplistic. For example, you can load your funds on any of your linked exchange accounts, and the platform will register the new assets in your portfolio automatically. In this way, you’re always provided the most relevant and up-to-date trading data.

It Doesn’t Get Easier than Shrimpy

Bitcoin live price
Btc
Bitcoin
$29.028
price
0.2566%
price change
BUY NOW

It only takes a quick glimpse to see why so many investors migrated over to Shrimpy this year. You can expect this trend to continue as developers plan to expand the platform in the coming months. For now, trading cryptocurrency has never been easier.

Stay up to date with our latest articles

More posts

How Can You Determine the Rarity of an NFT?

The rarity of a non-fungible token (NFT) is one of the most often debated topics on the internet. The rarity of an NFT is one of the most critical elements in determining its value. Understanding how rarity works is a significant advantage for anyone investing in the NFT market. How can traders learn to measure this feature for any digital asset? Our guide today will share more insight on this critical aspect. Is It Possible to Measure Rarity? There has…

What is Tornado Cash, and How Does It Work?

Decentralized and non-custodial, Tornado Cash is an Ethereum-based solution for privacy and anonymity. Severing the on-chain link between those who send and receive coins enhances transaction anonymity.  This guide will provide our readers with more insight into Tornado Cash. We will start with a general introduction and move deeper into how Tornado Cash works. We will also add a list of pros and cons to this system for the reader's benefit. Understanding Tornado Cash Decentralized protocols such as Tornado Cash…

How Can Crypto Trading Bots Help You Manage Your Investments?

Bots are computer programs designed to carry out specific activities automatically. They operate with the least amount of human input possible.  Crypto trading bots are automated programs that trade a single coin or a portfolio of cryptocurrencies. They trade on one or more exchanges on behalf of the owner or user.  Cryptocurrency bots can automate trading tactics to increase portfolio profits. Today, we'll take a closer look at this ever-expanding technology.  A Simple Way to See Crypto Trading Bots Artificial…

Can You Really Protect Your Crypto Investments Against Whales?

It is only natural that the price of BTC changes following whales' transactions. Because altcoins have smaller market capitalizations, this effect is even more pronounced on their prices. The ways whales manage to manipulate the market are inventive and can lead to heavy losses for small traders. In our guide, we look into the matter and reflect on how to protect a wallet against whales. Understanding the Concept of Whales The term "crypto whale" refers to a person or organization…

What Are Fractionalized NFTs?

Most people who use the internet regularly, whether for business or pleasure, are familiar with NFTs. Everyone in the crypto/blockchain community looks at these "Non-Fungible Tokens” with interest.  The only problem is that NFTs are becoming extremely popular and too costly to own.  In this context, Fractional NFTs, or F-NFTs, have entered the market to attract new investors. Imagine dividing a single NFT into smaller parts and making it available for purchase. This concept is the principle governing the growing…

Diluted Market Cap – A Beginners’ Guide

The value of a cryptocurrency is difficult to predict, especially if we are dealing with a new token. If you're looking to invest in cryptocurrency, measures like the fully diluted market cap can guide your choices.  The term "fully diluted market cap” will represent the core of today’s guide. We'll begin by defining the sector's market capitalization before moving on to more advanced notions. Market Cap in the Crypto Industry The total worth of an asset now in circulation corresponds…

Top Crypto Marketing Agencies to Promote Your Cryptocurrency Project in 2022

Nowadays, launching a crypto project can be a daunting task for most developers, especially considering the competition. This report claims that the industry amasses over 18,000 cryptocurrencies as of March 2022. Whether you focus on NFTs, DeFi, or any other crypto-related activity, you will have to face stiff competition. Fortunately, you can gain a competitive advantage over your peers with the help of crypto marketing agencies. These services cover all the promotional aspects your project needs to get into the…

The Difference Between Capped and Uncapped ICOs

Some ICOs decide to set a cap on how many coins investors can buy. However, some people choose to offer unlimited coins at the sale. Different teams can follow different strategies to obtain success in this growing market. Today, our guide aims to make a clear distinction between capped and uncapped ICOs. Understanding the Concept of ICOs An ICO (“Initial Coin Offering”) is a way to launch a new cryptocurrency. ICOs are a way to raise money for a project…

Is It Possible to Spot a Fake NFT?

Blockchain technology should have made life simpler for digital artists selling unique tokens of ownership to other people. A public ledger can give buyers a record of who owns a piece of art in perpetuity. Blockchain gave some artists a new chance to earn money. However, some artists admit that the last year's crypto boom has been a real mess.  Anyone can "mint" a digital asset as an NFT, even if they don't own it. How do you spot a…

Unstoppable Domains – A Beginner’s Guide

Unstoppable Domains are an intriguing and unique new option that is gaining traction in the crypto industry as more people become aware of them. Even though you may be inclined to dismiss them as simply another "crypto craze,” you may not want to be so hasty in your judgment. Whether you have your wallet or just learning about crypto, unstoppable domains have some unique advantages that you might consider utilizing for your website. This post will go over all you…