ICE3X has declared that it will actualize rand cost averaging usefulness with another component called “Rehashes.”
iCE3X Exchange propelled Repeats by means of an official statement to the media on Friday evening. ICE3X Repeats lets a financial specialist splits the aggregate sum to be contributed (purchase or sell) across intermittent buys (every day or week after week) of an objective crypto-resource, as Bitcoin, to lessen the effect of unpredictability on the general exchange.
The exchanges happen paying little heed to the benefit’s cost and at customary interims; as a result, this technique expels a significant part of the point by point work of endeavoring to time the market to make exchanges of crypto-resources at the best costs.
Despite the fact that it is standard alluded to as Dollar-cost averaging (DCA) – iCE3 Exchange calls it Repeats – it can likewise be alluded to as Rand Cost Averaging or as the steady Rand plan.
Gareth Grobler, the iCE3 originator, says:
The Repeats feature allows a user to have more control over their exposure to Bitcoin and as a result, can manage their risk better.” Additionally, he said, “A user can take advantage of dips in the market and create more options to trade by averaging into the market.
Eugéne Etsebeth, the iCE3X Exchange COO sees this new feature as one that is much needed for traders in South Africa.
“iCE3 has provided a much-needed automation tool. Now an investor can avoid making the mistake of making one lump-sum investment that is possibly poorly timed,” she said.
Before this, ICE3X launched a utility coin called Artificial Intelligence Coin (AIC). Holders of the AIC receive discounts on trading fees and participation in the listing process.