#1 What is the Kido Network?
The Kido network is a platform for automated cryptocurrency trading(bots). We use a subscription business model and provide our users with unlimited trading bots for their accounts. While most of our competitors are using a web interface for user interaction, Kido network uses telegram chat apps as the main user interface.
#2 Why telegram?
As of december 2017, telegram already being used by 200 million people. As a newcomer, It will be a lot easier for Kido to penetrate the market. In addition, user interaction will be much faster, no more loading web pages. All information requested will be sent instantly, to the user even with a low bandwidth internet data connection.
#3 How does Kido work?
After the subscription has been paid, the user will need to input their Binance API key and Binance secret key. This info will be stored in Kido bot trading engine database. Imagine telegram apps as an identity and a portal to access Kido bot trading engine. Whenever a user picks a trading bot, our engine will assign a trading bot to user’s binance keys. Kido does not hold users funds. Users are in complete control of the funds in their accounts.
#4 How many exchanges are supported?
Currently we only support the Binance Exchange, volumes are close to 2 billion USD daily and is a major source of liquidity. In the near future, we will work with other exchanges as well.
#5 How to start?
For first time users, you will need to have telegram apps with you and search for @Kidoneworkbot in telegram username search field. This telegram bot will be your main user interface. We are not using email for registration. So user registration is done with telegram immediately. Selection of trading bots will be available in telegram.
#6 How can I pay for subscription?
Kido will only accept payment in bitcoin. After starting kido telegram bot (@Kidoneworkbot), you need to push the activation button to receive your bitcoin deposit address. Your account will be activated after 3 confirmations and your “activate” button will be changed to “Commission“ button.
#7 How much is the subscription cost?
The subscription activation cost will be 0.01 per month or 0.1 btc lifetime. By paying the activation fees, the user will get unlimited access to any trading bots. Payment of 0.09 btc will be count as 9 months and payment of 0.1 btc at once will be count as lifetime subscription. Kido network will keep on researching and developing new trading strategy and update our list of bots.
#8 What do I do after paying subscription?
After 3 confirmations, you will be notified of your account activation status. You then need to Input your information under settings: Your name, Btc withdrawal address, Binance API key and Binance Secret Key. Next goto Trading bots > and select ‘new bot’. You can then pick any bot and allocate (or give permission) to the bot and how much btc it can use to perform trades. For example if you allocate 0.3 btc to a bot, regardless of how many position it opens, the maximum amount it will use at a time is 0.3 btc. Please make sure your binance account is funded with btc before picking a new bot.
#9 Is there any limitation on how many bots we can choose?
There are absolutely no limit to the number of trading bots you can choose. If there are 100 trading bots available, you can pick them all and analyze which bot strategy is creating the larger return on investment. Both monthly and Lifetime btc activation, User can allocate 1 btc in total. For example if you have 1 btc in your binance account, you can pick 100 trading bots, provided that you assign 0.01 btc allocation for each one.
#10 What if I have more btc for trading?
Users can always upgrade their account to get more trading allocation. Simply go to Kido network inside your telegram, click on Trading bots>Upgrade account. You will be given a erc20 deposit address for the upgrade. Payment of 0.01 (monthly) and 0.1 (Lifetime) from subscription activation will granted you a default 1 btc trading allocation. So if you have 3 btc in your Binance account and would like to assign it all to trading bots, just click upgrade and pay 5000 kido token (1 btc allocation increase per 2500 token). You will be notify on how much available trading allocation for your account. Upgrade account fees is only once in a lifetime. Whenever you reactivate your subscription fees (for monthly subscribers) you will get the same trading allocation amount.