What Is Dropil (DROP)?
Dropil (DROP) is a suite of automated trading tools meant for the advanced cryptocurrency trader. The platform hopes to stand out from the crowd with expert-level reporting that makes complicated information simple. It’s free to use, although you’ll need Drops, the proprietary ERC-20 Ethereum token used by the Dropil platform for fees, trades, and arbitrage.
At its heart, Dropil is a decentralized exchange (Dex), but it also includes a smart wallet and market monitor, named Max and Arthur, respectively. The advanced features are offered through a GUI that’s accessible to your average day trader. Of course, your average day trader is several steps above the normal person.
Who Is Dropil?
Dropil was created by Zachary Matar and Jeremy Alpine in Belize. It was created to make trading easier in a market that requires both technical and business expertise. A private ICO token sale was held January 24- February 6, 2018, with a public ICO token sale held from Feb 7 through March 7, 2018.
Use Cases of Dropil
Investment banking and day trading are not for the weak of heart. It’s a brutal business that can bring even the strongest men to their knees. Think of Jordan Belfort in The Wolf of Wall Street. We’re all just guessing in the stock market, and cryptocurrency didn’t change the old way. If anything, due diligence is even more important and harder to come by.
Dropil bots are designed to understand and follow the crypto market, so you can make intelligent trades.
How to Mine DROP
DROPs are ERC-20 tokens on the Ethereum blockchain. It’s not mined, and is instead earned via network participation. The total token supply is 30,000,000,000 DROP, and it reached an all-time high value of $4.49 on February 18, 2018, according to CoinMarketCap.
Learn More About Dropil
If you want to learn more about the Dropil, check out this comprehensive intro guide at Blockonomi. Or check out this comprehensive analysis report on the Golem blockchain project on Thought for Your Penny.