Blockchain Bull Manifesto

Project Goals

1. Market Liquidity: Provide consistent liquidity to crypto futures markets, minimizing spreads and fostering smoother trading experiences for all participants.
2. Profitability: Achieve steady and sustainable profitability through market-making strategies, taking advantage of crypto market dynamics.
3. Avoid Liquidations: Unlike previous attempts that ended in liquidations and resulted in a small net loss, this time the primary goal is to avoid liquidations entirely. If liquidation does occur, the overall result must still be profitable.
4. Learning from Experience: Previous attempts provided valuable lessons along the way. The learning process itself has significant value and has contributed to our current approach.
5. Emotional Discipline: In the past, emotional involvement led to overtrading, gambling tendencies, and unnecessary manual actions. This time, the focus is on maintaining a calm, strategic approach, avoiding emotional decisions, and using time effectively and rationally.
6. Transparency & Growth: Establish a transparent environment for our team, fostering growth through well-defined processes and continuous iteration.
7. Innovation: Experiment with cutting-edge algorithms and trading strategies to maintain a competitive edge in the ever-evolving crypto landscape.
8. Attract External Capital: Once we master avoiding liquidations and demonstrate consistent performance, the goal is to attract external funding to scale our operations.
9. Leverage AI: Continuously explore AI capabilities and learn to effectively utilize them to enhance our strategies and operations, including important decision-making and optimization of parameters.
10. Create Passive Income: This project is a part-time endeavor, with the financial goal of gradually creating a passive income stream that could eventually become the primary source of income.
11. Maximum Automation: Automate as much of the process as possible to minimize manual effort and intervention, ensuring efficiency and scalability.
12. Advanced Resource Utilization: Continuously use computational resources to search for optimal strategy parameters, listen to market signals, and adjust accordingly.
13. Risk Management for Growth: Manage risks in a way that allows scalability and makes the project attractive to potential investors.
14. Self-Sufficiency and Autonomy: Quickly achieve self-sufficiency, with the long-term goal of generating enough income to hire a full-time person.

Key Aspects for Success

1. Determination and Confidence (The Chariot and Strength): It is crucial to show perseverance and inner strength to overcome obstacles on the path to success.
2. Structure and Control (The Emperor): Success will depend on maintaining clear organization and discipline. A strict order and structure are needed to steer the project in the right direction and avoid chaos.
3. Managing Conflicts and Challenges (Five of Swords): Difficult situations and disagreements may arise along the way. It is important to find compromises and minimize damage, avoiding unnecessary conflicts.
4. Support and Collaboration (Six of Cups): Bringing in trusted people and creating a positive atmosphere within the team will play a key role. It is important to maintain harmonious relationships and rely on those you trust.
5. Balance and Flexibility (Two of Pentacles): To achieve success, it will be necessary to manage multiple tasks simultaneously, balance different aspects of the project, and adapt to changes.
6. Long-Term Planning and Strategic Approach (Three of Wands): Look to the future, plan the next steps, and be prepared for expansion and new opportunities.

Rules

1. Risk Management: Limit exposure by setting predefined stop-losses and capital allocation limits to avoid significant losses.
2. Discipline: Follow established trading strategies rigorously; no emotional trading or impulsive decision-making.
3. Data-Driven Decisions: Base all decisions on thorough data analysis, testing, and backtesting before implementing any changes in live environments.
4. Collaborative Development: Maintain open channels of communication within the team to ensure every change or improvement is understood and agreed upon.
5. Time Management: Ensure the time spent on the project is limited to one hour per day, which can be split into two short sessions. Focus on minimizing manual actions to create a more automated process. The goal is to gradually turn this into a passive income source with manageable and non-critical risks.
6. Emotional Control: Avoid checking market positions excessively out of gambling tendencies or greed. Focus on improving strategies rather than becoming emotionally attached to individual trades.
7. Effective Monitoring and Adaptation: Use computational resources to continuously listen to market signals and adjust strategies dynamically to match market conditions.

Restrictions

1. Capital Allocation: Only a set percentage of the overall capital is allocated to any single market to minimize risk.
2. No Manual Interference: Once a strategy is deployed, manual intervention is not allowed unless there is a critical failure or a predefined trigger condition is met.
3. Market Selection: Focus solely on liquid futures markets to reduce slippage and unexpected volatility impacts.
4. Compliance: Strict adherence to regulatory requirements and guidelines in all jurisdictions where trading activity occurs.

Tools to Achieve Goals

1. Hummingbot: Utilize Hummingbot as the core infrastructure for market-making, leveraging its open-source capabilities for custom strategies.
2. Telegram Bot: Use a Telegram bot for basic management and control of the system, enabling essential remote interactions.
3. Web UI: Develop an advanced web UI for detailed control and monitoring, allowing for more in-depth configuration and analysis.
4. Backtesting Framework: Implement backtesting tools to validate strategies against historical data before live deployment.
5. Monitoring & Alerts: Set up monitoring dashboards and alerts to track key performance metrics, liquidity provided, and risk levels in real time. Include a Grafana dashboard to visualize the current state.
6. Analytics & Reporting: Use data analytics tools to review trading performance, refine strategies, and ensure alignment with project goals.
7. AI Integration: Utilize ChatGPT or similar AI tools for making important decisions and optimizing strategy parameters, ensuring continuous improvement.
8. Product Research: Conduct product research to benchmark against competitors and explore available features in similar solutions to ensure Blockchain Bull remains competitive.

This manifesto is meant to guide Blockchain Bull in its journey as a responsible and successful market maker. Let's revisit it periodically to ensure we stay aligned with our core principles and adapt as the crypto space evolves.