I am proud to announce ARBX, an open asset/colored coin backed by Crypto Arbitrage Trading.
What is Arbitrage Trading? From investopedia
Arbitrage is basically buying in one market and simultaneously selling in another, profiting from a temporary
difference. This is considered riskless profit for the investor/trader.
How/When will earnings be distributed?
Earnings will be distributed in the form of dividends sent directly to the BTC address that owns the ARBX asset.
Currently we are aiming to pay dividends on a daily basis by 5pm EST. There may be times when not enough is earned in a day to warrant a dividend payment, in these cases the dividend will be paid as soon as there is enough to do so. I will be issuing dividends once day as long as they are greater than 0.00000600/ARBX, 600 satoshis is the lower limit for coinprism dividends, anything lower and the recipient won't see any funds. Dividends will be paid no more than once per 24 hour period.
How/What are you arbitraging?
We currently using the quatloo trader bot that can be found here
We are arbitraging on bittrex/cryptsy/poloniex. We are also arbitraging the following coins.
BLK/BTCD/DASH/LTC/POT/VIA Others will be added as funds allow to maximize the potential for arbitraging.
I am currently focused on coins that I feel have some longer term potential but will add others as an arb only holding as our funds grow.
I am actively seeking bots to arbitrage on other exchanges.
How much will each ARBX Cost?
The buy in per Coin is fixed at 0.02btc.
How can I participate in this endeavour?
You can send BTC from a color aware wallet to either of the following crowdsale addresses.
Asset = akQGckYT8cbtZp8S23XapnFcqfZzpyrE8WT
BTC = 1EJjWNdo97zswtGezuUe8PiGKxpeyzzNzj
Please note, BTC used to purchase ARBX must be sent from a color aware wallet. I will not responsible for coins sent to the wrong address because of the source of BTC.
If have need to send in funds from an exchange or other non color aware wallet, please contact me directly to get an address that won't interfere with the crowdsale.
You can view the asset page here its still a WIP.
You can also view the sheet I use to calculate dividend payments here
Management/Operational Fees. There will be no off the top management fees, I will instead take 5% of the profits as my earnings for managing this coin. The remaining 95% will be paid out as dividends.
Buyback? Will you buy back our ARBX and what price point?
I am willing to buy back at 0.02/Coin with a 15% processing fee. This fee is to cover the my time as well as selling off the coins being held for arbitrage purposes. I suggest you look for another buyer and contact me as a last resort.
