We're 6 weeks into our Open Beta for our Algo Crypto trading SaaS Æsir

Tue Nov 29 2022

We're excited to announce that Æsir has successfully passed the initial trial by fire in open beta and we'll be looking at an official release of our Algorithmic Crypto trading app soon! Stay tuned.

We’re excited to say that this week marks Æsir’s 6 week anniversary since we’ve opened our great halls to the public. Æsir, our algorithmic cryptocurrency trading platform is open for everyone to test out and we’re excited to share with you how the first 6 weeks have been, and to thank everyone who has applied to be a beta user.

How does algo trading work?

Before going into the Open Beta release itself, if you’re new to cryptocurrency algorithmic trading, here is a quick breakdown of the kind of tools Æsir provides. Algo trading platforms work by allowing the user to create a series of rules, that the platform is going to evaluate and execute.

For instance, these rules can be as simple as a weekly DCA:

Buy BTC, ETH, DOT and SOL EVERY 1 Week, With an Order Amount of 100 USDT

Æsir will then take these parameters and place buy orders based on them. This is just a minimal example. Strategies can contain complex logic based on Volatility, Technical Indicators and other tools. It is also possible to customise your exit strategy by setting a Trailing Stop loss.

In a nutshell, a trading algorithm extends your ability to trade by adding powerful new tools in your arsenal. It goes without saying that the way you use these tools makes a big difference.

Our Open beta progress

This week marks the 6th week of Open Beta for Æsir and I’m excited to say that these 6 weeks have been incredibly helpful in understanding how to continue to develop Æsir in a way that’s user friendly and yet powerful. During the first few weeks we have accumulated an initial user base of just over 1200 users. This allowed us to stress test the stability of our application in a real life environment.

SaaS scalability - and more good news When it comes to Software as a Service (SaaS), providing an application to a user is one thing, but having the infrastructure to serve a dynamically scaling application that adjust to the computing demand is a whole different ballgame. We are happy to report that Æsir is able to gracefully handle scaling and not break a sweat.

**Trading **Functionality**** As with most systems that handle user funds in one way or another, it’s important to ensure that the money handling part works exactly as it should. Æsir is therefore available in paper-trading only mode as we rigorously test all scenarios of live trading, before rolling it out. For more updates on this, you can hop over  our discover server.

Features we’ve added throughout the beta

Here is a breakdown of all the new features that were added to Æsir during this period:

• Users can clone their own strategies.
• Introduced a referral program.
• Made paper trading more realistic by adding balances. You can, for example set a test balance and let a strategy trade with this virtual money.
• Added more QOL improvements to creating and saving strategies.
• Added support for Signing in with Ethereum.
• Made it possible to manually sell assets that were bought by a trading bot.
• Added real time trade notifications on the interface. While logged in, you will be able to see new trades as they happen, as Æsir will let you know which strategy has placed a trade in real time.
• Made it possible to link user accounts. For users who have signed up with email and want to link their Google or Ethereum account.
• Made it possible to export the trades history generated by trading bots as CSV.
• Lots and lots of bugfixes and improvements.
  
  

To Sum Up

The first 6 weeks of our Open Beta release have been super helpful in determining several key points: is the application scalable, is the application stable, and does it do what the user expects it to do?

The next 6 weeks are probably going to be focused live trading and rolling this out. If you like to join the open beta, and grab yourself a free account for this duration, you can test out your cryptocurrency algo trading strategies with a free account.

While you’re at it, you can also join us on discord to talk algo trading and be up to date with the latest from Æsir.