The two Co-Founders of QuidPro were actively trading with cryptocurrencies in 2016/17, using various online cryptocurrency exchanges. Both co-founders found that the available online platforms were missing the functionality that they required to manage their portfolios. There was a desire to manage multiple portfolios/exchanges in a single location and to be able to view the historical performance of these portfolios. It was also during this time that the co-founders of QuidPro were introduced to automated trading software/trading bots, and they were instantly hooked on the potential that trading bots could unleash.
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 trading bot. Both Co-Founders realized that there was an opportunity to create an online platform that allowed users to quickly “spin up” bots with no technical skills necessary. The online platform would also give users 24-hour access to their trading bots where they could easily update their parameters in real-time and make autonomous and manual trades.
Previously, learning how to trade with trading bots required real funds and real transactions. Lessons can be costly and stress is a common companion to the learning experience. There was no conducive “playground” to experiment in, to try to develop various strategies, and to 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 who’s bot would perform better. To make it more interesting, the decision was made to use simulated bots and 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 & 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).