Project title: Galactic Bot - https://www.galacticbot.com
Summary: Galactic Bot is an open source trade bot with a visual strategy editor for the Stellar Universal Marketplace
- Improve and expand the visual editor
- More and better documentation and guides so people can contribute
- New signals and triggers
- Bot graphs
- A few default strategies to choose from
- Easy to install docker or VM image
What does our project enable you to do?
We believe Stellar is the perfect platform to build and run a trade bot on. First of all many exchanges have a percentage based fees per transaction. (Coinbase.com, Binance.com etc) The transactions costs of Stellar on the other hand are flat fee and neglectable. Second, compared to other blockchain platforms, Stellar settlements are one of the fastest and usually settle within two to five seconds. Third, we believe Stellar will be the Universal Marketplace where, besides cryptocurrency and the different fiat-pegged stable coins, in due time all kind of tokenized goods will be traded. (Oil, gold, emission rights, real estate, art, wool etc.) And fourth, Stellar is trying to be fair and inclusive. Everyone can connect to the Stellar Universal Marketplace and start trading. And everything in the spirit of open source technology! What’s not to love?
We have developed Galacticbot.com in the same spirit. Our goal is to build an open source trade bot with an easy to use visual strategy editor that can be run on the Stellar network. A trade bot that we can work and improve on as a community.
- Multiple bots support
- Visual strategy editor
- Sharing and importing of strategies
- Installation encrypted with a master password
- Stellar accounts and trust lines are automatically created and you only have to send XLM to the bot to start trading
Why is the project valuable for Stellar?
Three important reasons:
All the current SDEX entry points (Stellerterm.com, StellarX.com etc.) don’t have automated trading. They rely on humans to manually press a buy or sell button. Galactic Bot is the first automated browser-based trading tool on Stellar. Unless you are professional day trader glued to the screen, you can’t expect ordinary people to monitor a graph all day to watch for 2% gain and then press sell.
Liquidity on the Stellar Universal Marketplace is currently very low; even the popular trade pairs (XLM / Smartlands / Mobius) only see a handful of trades per hour. For Stellar to become popular, we need a lot more action. Because bots are online 24/7, this means continues action.
Coding trade strategies is hard. We hardly saw any created for our PHP bot library, so we want to drastically lower the barrier. Same with Kelp, it's a great library, but the entry bar for some simple automation is too high. Now with just a few clicks you can already automate some tasks and watch the market and trade automatically. We are really curious what strategies you come up with!
Example of a live running bot: https://galacticbot.com:3000 (Demo environment)
You are free to edit and play around with the strategy interface! We disabled saving the strategy on this demo environment, although you can copy it with the share button.
Source code & documentation: https://github.com/unwindnl/GalacticBot/
Thanks and looking forward to your feedback!