ARBITRAGING Platform review

in #bitcoin8 years ago (edited)

What Is Arbitraging?

Arbitraging is taking a very simple approach to set themselves apart from the rest of the lending platforms by being transparant. Arbitraging initially started out as XRPConnect back in Nov 2017, with the purpose of a supercharged XRPC token with 4 major features: Lending platform, trading bot, exchange, advanced banking protocol. After the massive failure of BitConnect and Davor in Jan 2018, the entire lending space was a dead fish and XRPC had to rebrand to get rid of the Connect in their name. The affiliate system was also trimmed to just 1 level with the purpose to steer away from the MLM model. But back in Feb 2018 the platform had to be trimmed once again, to further make the platform long-term, stable and a sustainable solution of passive income, they have switched to “hybrid investment strategy”. This consisted of 2 investment options:

  • aBOT – Trading bot that does trades automatically, therefore giving you the profit it earns daily.
  • mBOT – This feature will allow members of the platform to freely interact with the trading bot and make trades manually.

This was a great move but they still haven´t fixed the issue of their platform name. It turned out that a lot of negativity an confusion was tied to the XRPC name and another change was needed. On the 2nd March the new platform name went live and it´s the one we know today: Arbitraging. If you are interested in the previous promo videos and interviews when the platform was name XRPC, then you can watch them all on youtube right here: XRPC Official.

With a new name the only thing that was missing was the end of the ICO, which happened on April 10. aBOT went live April 15 after 6 weeks of beta testing and the release of mBOT is yet to come.

Arbitraging is an ERC20 token, which is a contract deployed on the Ethereum blockchain. Arbitraging aim to put their investors first and ensure they are rewarded with realistic sustainable profits. Arbitraging makes use of the smart contract system and the entire platform is decentralized. The decentralised nature of the exchange enables ARB tokens stored on any external ERC20 compatible wallets like MyEtherWallet or MetaMask. This ensures that ARB tokens are always held separate and when the Arbitrage trading BoT is active, those tokens are sent to an external cold storage wallet and the daily profits are sent back to the designated external wallet.

Read the full review here: Arbitraging review

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