Arbitao is a fully automated solution for arbitrage trading in cryptocurrency markets aimed at overcoming the age-old problems associated with conventional arbitrage trading methods, the result of which most people have no chance of profiting from arbitrage.
Arbitao’s unique technology assists the users by finding price differences in different crypto exchanges and automatically executing profitable arbitrage trades for the community members.
According to Karel Mirrin, “A lot of ICO projects don’t have a working product and probably never will have. With Arbitao, it’s different. Our goal was to deliver a working and tested product before the ICO starts. And we succeeded in it.”
While the advent of cryptocurrency has provided numerous opportunities for individuals and investors alike, issues such as lack of liquidity for certain pairs, price manipulations and the high number of non-professional traders lead to inefficiencies, where prices are highly varying between the exchanges. Although several technical solutions have been implemented to resolve the inefficiencies and benefit from the potential arbitrage possibilities, the complexity of the whole setup makes it unfeasible for everyone to deal with. This is where Arbitao and its unique ATAO blockchain technology comes into play, by using the data provided by multiple exchanges to make profitable trades for the members.
All the community members on the ATAO blockchain will be rewarded in two ways. The first is the staking reward which can be obtained by installing the ATAO wallet, staking some of the coins and validating the transactions on the blockchain. As a reward for securing the network in that way, the user can earn more coins. The second way is by contributing computational power to the network so that the Arbitao algorithms can run even faster. This results in higher profits, which are shared among the network.
The Arbitao system has been online since November 2017 and is successfully tried and tested by a group of trusted crypto enthusiasts and traders. At present, the automated arbitrage trading system of Arbitao can identify viable arbitrage opportunities from 19 major exchanges, taking into consideration transaction time, transaction fees, volume, order books and other factors.
Once implemented fully, Arbitao will offer fully decentralized arbitrage trading to its users where they can set up their ATAO wallet with API credentials for their accounts on exchanges.
Arbitao is on a mission to implement a decentralized network of nodes utilizing its highly functional computational resources. This would overcome the problem of identifying the most viable arbitrage opportunities between different exchanges and executing risk-free arbitrage trades before they disappear.
In the long term, Arbitao aims to fully decentralize the existing arbitrage trading and empower both small and big investors alike. In the beginning, Arbitao lays the foundation for this eco-system by opening their fully operational, automated trading pools to the public.
Where to learn more
You can find more information and a press kit on the official website: https://www.arbitao.com/
- Press Contact: [email protected]
- Facebook: https://www.facebook.com/atao.arbitao
- Twitter: https://twitter.com/arbitao
- LinkedIn https://www.linkedin.com/company/arbitao/
- Arbitao Telegram Channel: https://t.me/arbitao
- Arbitao Telegram Group: https://t.me/arbitaochat