John Snow, [08.09.18 00:33]
[Forwarded from David Peterson]
ARB will allow you to recycle your old worthless tokens for recycle gas in our bots. Basically we will buy all your unuseable and worthless tokens for 1 cent and all you to use them with mbot gas so you can finally turn them into something that can make you money.
For example your mbot will hold 500$ in gas we will allow 20$ of that tank to allocate recycle gas.
Its our form of communtiy service.
Steve P, [08.09.18 00:36]
[Forwarded from Steve P]
How does Arbitraging ARBITRAGE (ARB) work?
• arbitrage or arbitraging is when you buy something for less than you sell it. The difference, after all fees is called margin or profit. If you buy something for $9 and sell the same thing for $10, including fees, you have made $1, often expressed as a percentage on “value” of the sum you bought for, in this example 11%.
• the platform Arbitraging.co has developed bots, aBot and mBot, that search and find such arbitrage opportunities between various crypto exchanges, and capitalize on those opportunities to make ETH or other crypto currencies.
• should someone want to use the bots, they must own ARB tokens and sell them to the bots. At this point, with aBot, said person will have sold those tokens for an active $ amount. The $ amount will be the number of tokens sold multiplied by their value at that time.
• with aBot, the average profit made in one 24 hour period with be displayed and applied to the active $ amount. If someone has $10,000 active in aBot and the daily percentage is 1%, they will be rewarded with $100 worth of ARB tokens as profit. Such ARB tokens can be held, reinvested or sent to the exchange and traded for ETH. Or they may be sent to external exchanges and traded for BTC or any other trading pair on that exchange.
• with mBot, the opportunities are greater than aBot (as aBot has parameters so not to execute a tread unless it’s a guaranteed profit) as the control is put in the hands of the user. It will be the users responsibility to initiate the trade from the arbitrage opportunities available at that time.
• the value of the ARB token is determined by supply and demand, where the demand exceeds the supply, the price of the token will appreciate, and vice versa.
• the ARB token has a utility as you must own it to use the bots.
source: https://t.me/ARBofficial
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