A new automated trading bot from goodcryptoX is revolutionizing decentralized exchanges by introducing advanced trading strategies such as on-chain dollar-cost averaging (DCA), limit orders, and market screening. This innovation enhances the functionality of DEXs, bringing centralized exchange features to DeFi while maintaining user security through non-custodial smart contract wallets powered by Ethereum’s ERC-4337 account abstraction.
Historically, DEXs have been limited to basic token swaps, requiring users to manually approve every transaction. GoodcryptoX’s trading bot overcomes this limitation by enabling automated strategies like trailing orders, automated yield maximization, and portfolio rebalancing. These tools allow users to execute complex trades while retaining full custody of their assets.
GoodcryptoX is bringing on-chain DCA trading to DEXs, allowing users to automate investment strategies without compromising security. Traditional decentralized exchanges primarily operated as token swap platforms, requiring manual transaction confirmations for each trade. While the rise of order books and trading bots confirmed the demand for automated features, many existing solutions leaned towards centralization, undermining the permissionless and self-custody ethos of DeFi.
The introduction of ERC-4337, an Ethereum standard enabling session keys and wallet abstraction, addressed these limitations. By integrating this standard, goodcryptoX allows users to execute trades with flexibility while maintaining full control over their funds.
GoodcryptoX’s standout feature is its on-chain DCA bot, which automates investment strategies previously exclusive to CEXs. Unlike traditional DCA tools that execute fixed-interval purchases, goodcryptoX’s bot dynamically adjusts positions based on price movements. This enhances risk management and trade efficiency.
By leveraging strategies like Safety Net, Volatility Scalper, and Multiple Take-Profits, users can optimize their trades for different market conditions. These strategies are further detailed in the next section, which explains their functionality and how they benefit traders.
GoodcryptoX ensures security through multiparty computation (MPC) wallets, enabling users to retain asset custody while granting session-based trading permissions.
GoodcryptoX’s DCA bot introduces extensive customization options that go beyond standard averaging strategies. Users can configure:
Most DCA bots offer only a basic way to average into a position, but goodcryptoX provides advanced features for greater flexibility. Traders can implement strategies such as:
Additionally, users can configure the bot to automatically restart trading sequences after profit realization, ensuring they continuously capitalize on market movements without manual intervention.
GoodcryptoX currently supports Ethereum, Base, BNB Chain, and Arbitrum. The platform aims to extend support to all EVM-compatible chains and blockchains with their own smart contract wallet or account abstraction implementation, such as Solana.
Solana support is coming soon!
GoodcryptoX is the successor to GoodCrypto, a trading terminal and portfolio management app launched in 2019. With over 300,000 registered users and $5 billion in trading volume, the Cointelegraph Accelerator-backed project is now focusing on enhancing DEX trading capabilities.
Backed by a strong and engaged community, GoodCrypto has 45K+ active members in its Telegram group and 150.1K followers on Twitter (X). The Telegram group is well-structured, making it easy for users to find all the necessary information and the latest updates on trading bots. Group chats facilitate friendly discussions, and admins are highly responsive, ensuring timely and helpful responses. This level of community engagement helps traders stay informed and make better decisions, reinforcing GoodcryptoX’s commitment to delivering the best-automated trading experience on DEXs.
Founder Maksim Hramadtsou explains:
“Our mission is to empower decentralized exchanges to not only compete with but ultimately surpass centralized platforms by delivering superior trading functionality and an exceptional user experience on any blockchain.”
GoodcryptoX plans to expand its reach by integrating support for Solana in the coming months. Additional features such as grid bots, sniper bots, and portfolio rebalancers will be introduced. Furthermore, the platform will launch its native token, GOOD, offering governance rights and fee discounts.
By bridging the gap between functionality and security, goodcryptoX is setting a new standard for decentralized trading. Available on the web, Android, and iOS, it aims to make DEX trading as efficient and user-friendly as possible while adhering to core DeFi principles.