The two Co-Founders of QuidPro were actively trading with cryptocurrencies in 2016/17 using various online cryptocurrency exchanges. Both Co-Founders noticed that the available online platforms were missing the functionality they required to manage their portfolios. There was a desire to manage multiple portfolios/exchanges in a single location and be able to view the historical performance of these portfolios. It was also during this time that Wez and Martin were introduced to automated trading software/Trading Bots, and they were instantly hooked – the potential was endless!
While experimenting with Trading Bots, it became evident that not everyone has the technical skills required to set up an environment conducive to hosting a Bot. It was evident that there was an opportunity to create an online platform allowing users to quickly spin up Bots with no technical skills necessary. The online platform would also give users 24-hour access to their Bots, where they could easily update their parameters in real-time and make autonomous and manual trades.
In the past, learning how to trade with Bots required real funds and real transactions. Lessons can be costly and stress is a common companion to the learning experience. There was no convenient playground to experiment in, develop various strategies, and ultimately find something that works. QuidPro solved that problem. QuidPro is a sandbox where users can experiment in real-time, using automated trading software/Trading Bots, at no cost and without risk. Users can even backtest their strategies against historical data to speed up and enhance the analysis process.
Both Co-Founders, competitive by nature, needed an arena where they could compete against each other to see whose Bot would perform better. To make it more interesting, the decision was made to use Simulated Bots to compete for a Digital Tokenized Pot (QUO Coin).
All payments in QuidPro are facilitated using the digital token, QUO Coin. This meant that no transaction fees were incurred while Wez and Martin competed against each other. They were able to successfully manage and automate the QUO Coin Pot payouts to the winning Bots based on their positional performance in the Lobbies (Bots with the highest profit for the trading period).