Hello everyone, I am 233 from the Unbounded Club. The Unbounded Club is a gathering place for retail investors focusing on web3, focusing on primary and secondary transactions, and interaction with cryptocurrencies. Welcome everyone to join the Unbounded Club and play crypto together.
Doubler is one of the hottest projects recently. The club will lead everyone to invest in and research the project. At the same time, the Doubler V2 test network activity is also in progress. Let’s take a look at the tutorial provided by the club!
01. Brand Airdrop
In Doubler's official white paper, the "Airdrop and Distribution" in the "Sepolia Testnet" shows that the official will provide an airdrop reward of 10 million DBR.
Specifically assigned to:
● 5% is allocated to the Loyal Doubler role, that is, users who have reached level 5 in Discord and whose Galxe points exceed the average score;
● 10% is allocated to the Honorable Doubler role, that is, users who have made significant contributions to the Doubler project. They can apply for it by posting a pinned form on Twitter;
● 10% is allocated to the Ambassador role, but no details are available yet;
● 20% is allocated to users whose Galxe points exceed the average score;
● 55% is allocated to all strategy pools on the test network for mining incentives.
02. Project Introduction
Doubler is an open financial strategy protocol based on smart contracts, which aims to optimize cryptocurrency asset investment strategies and minimize risks while pursuing quick profits.
Doubler invests in cryptocurrency assets by using a variety of strategies, including market making, arbitrage, and liquidity mining. Doubler also uses a risk management system to minimize the risk of loss.
Official website:
testnet.doubler.pro
Twitter (50k followers):
doubler_pro
Discord (123,196 members):
https://discord.com/invite/doubler
medium：
https://medium.com/@doubler.pro
03. Project Interpretation
1. Martingale strategy
If you want to understand Doubler in depth, you must first understand the "Martingale strategy".
The Martingale strategy is a progressive betting strategy that doubles the stake after each loss. The goal of the Martingale strategy is to recover all losses and make a profit on the next win.
Borrowing the "infinite betting method" proposed by Wang Dalu when he graduated in "All or Nothing", it is similar to the "Martingale strategy": as long as you lose a bet, double the bet next time, so that there will always be a time when you can win the game and make your money back.
While the Martingale strategy may work in the short term, it is worth noting that it is a very risky strategy. If you experience a long losing streak, you could lose a significant amount of money.
It is also important to note that the Martingale strategy is not a guaranteed way to make money. In fact, from a statistical perspective, it is not certain that you will win every time you use the Martingale strategy.
The Martingale strategy has some major risks:
● Exponential losses: If you experience a long losing streak, your losses may quickly become exponential losses.
● Limited funds: The Martingale strategy can quickly deplete your funds, especially if you experience a long losing streak.
● Emotional Trading: The Martingale strategy may lead to emotional trading, such as chasing losses or over-betting.
If you are considering using the Martingale strategy, it is important to understand the risks involved. You should also make sure that you have a solid understanding of the cryptocurrency market and that you are using a risk management system to minimize your losses.
2. Parameter explanation
After understanding the basic idea of the Martingale strategy, you need to know the meaning of the various parameters in the Doubler strategy pool so that you can better choose a strategy that suits you and maximize your profits. These parameters will affect the frequency of adding positions, positions, protocol reward distribution, etc. during the decline.
Why do we need to incentivize users to invest?
Because for each strategy pool, when the price falls and rebounds to stop profit, users at the upper level can achieve U-based capital preservation and currency-based profit, while users at the lower level can only achieve U-based capital preservation and currency-based loss. Therefore, the Doubler protocol introduces a big winner mechanism and an underlying reward mechanism to attract players to invest in the strategy pool. It is recommended to cooperate with this example.
For more information, please see:
https://medium.com/@ogcbelove/everything-you-dont-understand-about-doubler-can-be-found-here-649ea9954abc
04. Galaxy Airdrop
Since more than 5 million coins have been mined in version V1 and version V2 has been in use for a while, all high-quality pools have been purchased out. The mining efficiency will be very low if we continue to mine, so we focus on "points" and "identity groups".
If you reach the "average score", you can share the Galaxy Rewards, which is 2 million tokens. If you get the "purple status", you can participate in sharing 500,000 tokens.
Tutorial:
1. Preparation: Get test coins
(1) Enter DC and complete verification
(2) Find the "faucet" channel, enter "/faucet" in the input box, select the third command in the pop-up window, and then copy your wallet address into the command to receive the test coins. A message will appear after the coins are successfully received. (Note: One wallet can only receive coins once.)
2. Complete the galactic mission
(1) The first one: social task.
Portal:
https://galxe.com/doubler/campaign/GC4G5Uj7ZY?referral_code=GRFr2I3v-qH4wnhlZtyNIW13HP3i5pEADkJQqenocdXm7QA
You will get 10 points after completion, and you can get an extra 30 points by inviting three more people, for a total of 40 points.
(2) The second one: join the pool.
Portal: https://testnetv2.doubler.pro/#/pool
Complete the task and get 30 points.
After entering the website, switch to "Sepolia Test Network" in the upper right corner as required and link the wallet.
Select an "ON" pool from the pools below, click "join", drag the progress bar at random, and then click "input pool" to add a small amount of tokens to the pool to complete the task.
(3) The third task: creating a pool
Portal: https://testnetv2.doubler.pro/#/create
30 points each upon completion.
Click to enter the creat interface, fill in the parameters as shown in the figure, focus on the two items of Fail Rate and Profit Lock, which must be filled in 0.5%, and the others are not important. After filling in, click creat to add the pool (the task of adding the pool here is completed, and you will get 30 points)
(4) The fourth task: Become a winner
Portal:
https://testnetv2.doubler.pro/#/portfolio
This task requires close attention to currency price fluctuations.
Click to enter the Porfolio interface, find the pool with a red dot (created by yourself), and then click more.
Then wait until your pool drops 0.5% to the next level, and then join the pool again. After joining, wait for the spot price to exceed the profit-taking threshold, and click end to end the pool to become the winner, and get 30 points.
(5) All tasks completed
After completing all the above tasks, a total of 130 points will be obtained.
Then go to the official DC group chat, upgrade the DC level to level five, and you can obtain purple status.
Although the total activity score of V2 is only 130 points at present, you will not be able to obtain the purple identity airdrop even if you complete it in time, but don’t panic too much, there will definitely be other tasks opened later, so you need to pay close attention.
05. Conclusion
Overall, the Doubler protocol is innovative and logical. It gathers the power of retail investors to implement the Martingale strategy on the chain and introduces a variety of mechanisms to attract players to join the strategy pool. It can achieve continuous cost amortization and rebound profits under most price behaviors of mainstream currencies such as BTC and ETH. Therefore, it is considered to be a protocol worth understanding and trying.
Some content comes from the Internet.