Project Name: RealColibri
Project Track: web3
Team Name: RealColibri
Team Members: Four of us: Aram, Maksim, Alexey, Artyom
DevPost URL: RealColibri | Devpost
Project Goal: Change the financial world for the best by making it as convenient and simple as possible for people to make a profit. Our project turns CeFi into true DeFi-like experience with the full transparency and decentralized controls.
Project Info:
What it does
- RealColibri Coin - a TRON chain token fueling the entire ecosystem. Acting as a commission for the use of the trading system and other ecosystem services, the token is secured by opening the contract code, so as for other smart contracts. It utilizes a reference ERC-20/TRC-20 implementation code with the additions that are making it useable inside our ecosystem but ALL the TRC-20 methods are intact. All the smart contracts are irreplaceable, so the core logic will never be tampered with.
- RealColibri automated trading system. Connect, start and forget - a simple and effective way to increase capital via trade automation. Decent profit and low drawdowns. Trades on Binance Futures, uses RealColibri Coin (RCBC) as a commission. RealColibri became a Binance broker on September 1, 2021, and any of ~500 millions Binance users can use our robot via API keys.
- Staking. A third of the total earnings of RealColibri users goes to staking. It will allow clients to earn a fraction of this proportionally to the amount locked for staking.
- Referral system. Allows users to earn a third of the profit of the referrals they bring in our ecosystem. The referral depth is infinite, with 80/20 split-up, see the documentation for details.
How we built it
It all started back in 2002 with the usual manual trading on various exchanges. Over time, a trading technique has been developed that brings a decent income with minimal drawdowns. After testing and using this technique for several years, it was decided to digitize and automate this technique in order to eliminate the ever-interfering human factor in trading. The profit is not guaranteed – as on any market trading system – but time has shown that there were no unprofitable accounts so far.
In 2017-2020, several versions of the robot were created and tested on different platforms, which eventually resulted in the first working prototype in the form of a web application written on Python in early 2021.
On March 1st 2021, the first real account trading on Binance was launched.
To this day, the trading system is being improved and will acquire new features in the future (like a feature we’re implemented recently which allows users to keep 100% of their income and pay RealColibri transaction fees in RCBC).
Most recently, we decided to create and integrate a token into our system. This will allow everyone not only to increase their profit through more beneficial commissions, but also to increase their earnings by bringing friends and getting a part of their commission payments, participating in staking to share another part of the commission too. We have chosen TRON network as the most promising and innovative. All the logic – referral, commission, etc – is maximally decentralized and brought up into immutable smart contracts with open source code.
Our commissions are split equally by 1/3 – for the referrals, for the stakers and for us to cover the utility costs, etc. No preferences and/or exceptions: every participant in our ecosystem is equally important.
Challenges we ran into
Staff. There is an acute shortage of qualified specialists. At the moment we need highly qualified mathematicians, programmers and designers.
It’s just the four of us. We spend all our energy, time and resources on this project and we are very passionate about it.
Accomplishments that we’re proud of
The most important thing is how easily and quickly our system allows people to move from connecting to receiving their first profit, which is an order of magnitude higher than anywhere else in the world. Also we’re proud to present the first true blockchain referral, staking and accounting system with the open source code for immutable contracts, so no matter what – all the promises made and obligations are as they are as they were stated at the moment.
What we learned
There is a need in the markets: both DAPPs and a trading ones – for a really transparent and honest service. Yes, there’s no need and it’s not necessarily to open-source the trading code itself, but all the rest – like a website, smart contracts, API’s – must to be as open, immutable and transparent as possible. It’s not just an open door for new integrations with our ecosystem, but it also ensures the participants of the ecosystem that everything is really as it’s stated and it cannot be changed: we don’t need neither rugpulls, nor regulatory-inspired bullshit – it’s a free world and it’s crypto 
Project Website: https://realcolibri.com/
Project Repo: TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Project Details: How RealColibri System Works - YouTube
Project Milestones:
In the near future:
- Decentralizing our parts as much as possible: website, personal cabinet and governance logic
- Making a PWA app out of our website elaborating IPFS
- Adding support for DEX’es inside TRON network
In the mid-scale perspective:
- creating the interface for other backends/trading-algorithms from independent developers.
Later down the line:
- Marketing campaign.
- Connecting global futures markets (Chicago, Singapore, etc).
- Listing of RCBC on various DEX. An important remark here to state: we’re totally not making our token as a market-focused product – it’s a pure utility entity for our ecosystem. However – there’re multiple cases in many blockchains with a honeypot pairs on DEXes, so – to make sure that there will be a proper trading pair we will deploy a pair for our token on DEX’es and will publish it’s contract address with all the corresponding data. We are not making any listing-focused actions and never will – it’s a counter to our vision of the fact that only the tokens that are in real demand by the people on an exchange should appear there by the people’s request.
- Speaking about our buy and sell methods in a smart contract – this is NOT an ICO, it is not intended for any kind of investments and for trading. The only and solemnly reason for this implementation is the technical ability to make a truly decentralized TDE, so people can obtain our token to use our ecosystem services. We will never make any kind of direct sales for any fiat currency or a prime commodity. Yes, we can make a stablecoin-matched pairs on DEX’es just to protect the token holders from honeypot risks.