In this blog post, we will guide you through the process of renting a suitable strategy for yourself on Algoine.
Step 1: Access the Strategy Market
Click on the "Strategy Market" in the left menu. You will be directed to a page that lists available strategies for rent.
Step 2: Filter Available Strategies
Expand the top filtering unit by clicking on it, and enter the criteria that are important to you. For example, the minimum number of days the strategy has been running, the number of current tenants, which market type it was created for, what the commission rate is, and the daily average profit percentage for any given time frame, etc. After applying the filter, click on the strategies that appear to see the strategy's performance report.
Step 3: Review the Strategy's Performance Report
In the performance report, you will see many details about the strategy. Check whether the strategy has won any medals, which coins it works with, and its description. Carefully read the requirements for this strategy. You will find details such as the minimum wallet balance. Futures market strategies that require a "transfer" will reinforce themselves from the Spot wallet when needed, and you will see the maximum transfer amount they can make. When you scroll down the page, you can review the strategy's past performance. The performance data is divided into two sections: owner's and tenants'. Strategies with significant differences between the owner's and tenants' graphs may raise suspicion. In the performance section, you will see the average wallet balances, daily profit amounts, margin rates, and unrealized PNLs for bots using this strategy. You can review all of this separately for the last 30 days, the last 90 days, and all-time time frames. At the bottom, there is a section that shows the changes made by the strategy owner in this strategy.
Step 4: Run the Bot
To run a bot in a rented strategy, click on the three dots in the corner of the strategy and select "Run."
When renting and using a strategy, please note that the strategy owner or Algoine does not accept any responsibility, and all responsibility is on your side. While choosing the right strategy can provide you with great passive income, choosing the wrong strategy can lead to serious losses.
We hope this blog post was helpful in guiding you to find and rent a suitable strategy for yourself on Algoine.