#CroFam@AurumTrustCro is a project I’ve been thinking to launch for some time.
I will trade gold and simply buy back $AUT on the market and burn it with the profits I generate, making it a deflationary token, and bringing some $$ from outside the chain.
It’s a simple project, for me to get familiar with the management, and then I will launch Project Two, much more difficult.
Wish me luck 😎
To all $AUT holders,
How would the restart work ?
That’s a question popping quite a few times in my DM’s since yesterday, and here is the breakdown.
First, the project needs funding, it never constituted a treasury fund and the initial and only funding was provided through an $AUT sale on the market for the amount of 2k$.
The required funding is calculated at approximately 10k$, which is the hardcap.
The softcap is at 2k$, this represent the funding of the initial trading account.
What about the other 8k ?
Basically R&D, as $AUT will evolve to have multiple bots trading on different strategies, to maximize the chances of returns, as well as the deployment of the profitable bots onto different brokers as a “Don’t put all your eggs in one basket” security for the project.
How do I plan to raise the funds ?
4 options:
1) A token sale on the market from my own hodlings of $AUT (chosen method when $AUT launched).
2) Raising funds from the community by providing a wallet address (USDT CRC20), and rewarding the contributors with a 100% ROI. The contributors would be allocated 50% of the generated profits until completion of the given ROI.
Payment would be emitted from the receiving wallet towards the original sender all at once, to facilitate tracking and transparency.
3) An hybridation of both previous methods, contributors and token sale.
4) I personally seed the trading account and let it grow until it reaches 2k$ before the official relaunch of the project.
I will be transparent, option number 4 is here just because I will not let the current hodlers of $AUT down, but if it’s the option chosen by the community, I will respect it, and let one bot trade for $AUT, and any other developments for the project would be on my free time, provided as a best-effort.
Now the question you probably asked yourself as soon as you read the word “funding”.
Wyll, you are a whale already, why don’t you just fund the entire project ?
The answer is simple, it’s a community project, to which I provide my time, knowledge and efforts, with no share of the profits approved by the community, yet.
As well, in all my ventures, I apply one core principle, which is:
“If you can get your family, friends and strangers to invest in your idea, you are onto something”
And if you just take one minute to think, you will realize that all on you on #CronosChain are here because you invested in someone else’s ideas, starting with Kris himself, aka Big Daddy, without whom none of us would be there as there would be no Cronos, and this applies to all the other projects on Cronos you are interacting with on a daily basis.
Now, time has come to give you back the keyboard and share your votes, your opinions, and this post, you have the power as a community to decide what will be the next step.
#CroFam #CronosChain #XAUUSD #B…..
Automation, the most difficult thing to do in trading, as a bot can have from a few to a thousand parameters and conditions to track and follow.
Some of you might even see on X “This guy built a bot using AI and can do bla bla bla and made him a millionaire in 3 days”, and if you click on it, you are redirected on paywall for a coaching or some paid tutorial on “How to get rich quickly” priced at a couple hundred dollars, to then get something who’s not working and hard enough to set for you to feel that it’s out of your league, but the truth is, in most cases, it’s just not working, and their product isn’t the product, you are.
I’ve been trading for many years now, it took some time but I reached the point of becoming a profitable trader a couple of years ago, I battle tested hundreds of different trading strategies, and even while being profitable, I still made mistakes, leading me inevitably to encounter some liquidations, from which I learnt, and continued trading, until I had enough knowledge and wisdom to avoid getting liquidated.
Now back to automation, the next step for $AUT !!!
I’ve been working for months on creating profitable trading bots, combining my knowledge with the pure logic and reliability of programmability, I had a few failures, some profitable bots were developed with various rates of profitability, and now is the time to bring it to $AUT and let it work its magic.
The software part is ready, AurumTrust could relaunch as soon as Monday (Tuesday if a peace agreement is signed between the US and Iran this week-end) if you are able to decide on some details for this relaunch, a vote will be open for 12 hours in a following post.
As well, at the exact same time of the relaunch, the copy trading would open for everyone, with a list of rules and instructions to follow, so you guys can earn some extra bucks beside the price appreciation of $AUT, and participate indirectly into growing the buyback and burn bucket.
The same roadmap will apply, 15% of the profits allocated to the buyback and burn, and subject to the success of the bot and the copy trading, this percentage can increase and some treasury can be created to help finance other Cronos projects.
Stay tuned for the next post, as it will the first brick towards a successful relaunch of AurumTrust.
And more surprises to come as well.
#CroFam #CronosChain #XAUUSD #B…..
@THEstickerkiing It does indeed, and you are right, most won’t talk about it, and even if it took time for me to show up for my mistakes, I prefer to say what happened, even if it doesn’t make me look good.
Some like you will understand that mistakes happens, and some will not.
My mistakes under the spotlights 😅
Feel free to throw rocks 🪨 at me, it’s a bit deserved but …
From the mistakes we learn and we grow.
#CroFam#CronosChain#AurumTrust
A little update on why AurumTrust went dark to put things into context.
I was manually trading on the account, while managing my own trading account, so managing 2 accounts at the same time was a constant brain gymnastic, involving different calculations in a very short time window to open trades at the same entry point on both accounts.
This gymnastic could have been avoided if I simply placed the AurumTrust trading account into a copy trading of my personal account, but as the plan was to open the copy trading for everyone to be able to copy the trades of AurumTrust and also generate more profits for the project, doing so would have killed this idea immediately.
As both accounts were traded with different equity and so different available margins, calculations were needed in between the opening of trades on both accounts, and that’s where the problem was, the human in between those accounts and doing all the operations, the human sleeping merely 5 hours per night.
Needless to say, a mistake happened, I confidently opened a trade on both sides, and went to bed, thinking the Take profits would be hit by the time I wake up, and didn’t realize I entered identical trades on both accounts.
I trade with a constant lot size of 1 with x500 leverage on my personal account, that means when gold price moves by 1$, the equity moves by 100$, while for AurumTrust, the trades were between 0.01 and 0.1 lots, depending on the level of confidence in my analysis.
And that night, the 0.1 lot turned out to be entered as a 1 lot, and the trade went sideways for AurumTrust, despite hitting Take Profits on my personal account, the drawdown got AurumTrust liquidated.
As my personal issues grew overtime, it took all my time away from the charts, and from the online life to a certain extent, so I put trading on hold, as well as everything else, and some time ago, I found myself in a position to come back, but I wanted to do it well, and not repeat the same mistakes.
The main source of mistakes being me, I had to find a way to remove myself while ensuring the trades would go well and my methodology would be respected, which bring us to the Graal, Automation.
And I’ll talk about it in the next post, Automation being the next step for $AUT
#CroFam #CronosChain #XAUUSD #B…..
Hello everyone 👋
I hope you all are doing well 😊
It’s been a while 😅 some would even say “too long”.
Sorry if I disappeared, I had some personal stuff to handle, real heavy stuff, and it took a mental toll on me so I had to take a step back from everything and rebuild myself entirely.
I can’t talk about what happened to me yet, but I will in the future, and you guys are never going to believe it, it’s mind blowing.
But now, I’m better, in fight mode again, got my will to #Buidl reignited, thanks to a few people who didn’t let me down and kept pushing me to come back stronger, notably @thomas__xtc from @Xitcoin_org who’s been checking on me very often, I could even describe him as my personal stalker haha (Thank you Thomas).
So, I’m back, I’ll be focusing on @AurumTrustCro, on #CronosChain and on the #CroFam again.
It’s gonna take time to relaunch #AurumTrust, as it’s back to 0, the trading account got liquidated through a mistake I made (miscalculation of margin and too much risks taken), but I learnt from that, humans makes mistakes, and so I came up with another plan. Not the much on a new plan because it was on the roadmap already, but it’s time to engage on this new step.
More informations soon, some will like it, some will not, but $AUT is coming back 😎
Let me know how you all have been doing ? What did I miss ? How is my baby #Cronos and my #CroFam ?
Hey everyone, just saw I’ve been pinged a lot, sorry to not have given news about myself or $AUT.
Currently dealing with some personal issues, and not having the capacity to focus on anything yet.
I didn’t abandon the ship and I never will.
I just need some time to put things back in order and I’ll be back soon.
Thanks for your understanding and your kind messages.
Love you all ❤️
#CroFam
@IAMOGKID@Awhyte29 @Nicolester08 Overpromised ? The only thing I promised is a boring project with no hype, so I don’t know what you are talking about.
@rickyre_rr @AurumTrustCro Yes it’s still alive, I need to post the results, my apologies, been very busy, still very busy.
But yes, $AUT is still alive 😉
Take a seat and watch, want a fresh coke ? 🫣
$AUT isn’t dead, it’s building.
Short riders are getting out, the real play is to come 😎
#CroFam#CronosChain
@Hoppity_Woof@AurumTrustCro The growth is more in the line of what a normal market would bring, it will still be higher in terms of ROI.
Better have a giant with solid foundations than a fast rising one with legs in cotton 😉
For those of you wondering, the burn did happen on June 17th 2025.
2872402 $AUT has been bought back for an amount of 1000 $USDT and burned.
Trading results will be published in the coming days as an inconsistency in results have been spotted in the trading log and is being investigated by the broker.
Amount have been rounded up to 1000 USD from my own pocket.
Buyback transaction:
https://t.co/3WRYof77JH
Burn transaction:
https://t.co/2COaouWJQH
#CroFam #CronosChain
10X reduction in base gas fees.
10X cheaper transactions.
10X more reasons to build.
A governance proposal to lower Cronos EVM base gas price 10x - Making transactions significantly cheaper for users and developers.
Join the discussion here: https://t.co/y6ljr5YIRB
If passed, it will go live on 26 June 2025.