Arbitrage CT: Post-ICO Review
ArbitrageCT (ARCT) is building a tool for crypto currency traders allowing you to trade on multiple exchanges simultaneously. Avid crypto currency traders recognize that exchanges are often trading at different prices, but taking advantage of it is extremely difficult due to slow transactions times. The ARCT platform will display price differences in real-time across most major exchanges. Users will be able to manually take advantage of arbitrage opportunities or turn on automatic trading where the ARCT terminal will make the trades for you based on a specified threshold. If successful, crypto traders may finally have a tool to take advantage of price discrepancies across exchanges.
Crypto Butler Post-ICO review:
ICO Token Metrics:
- Hardcap: $10M
- Whitelist: No
- ICO Raise: $1M
- Expected market cap: $9M
- Listed on Coinmarketcap: Yes
- ICO Discounts: Yes
- Max Discount: 45%
- Unsold token burn/lock-up reserve: Yes
- Lowest ICO Price (ETH): 0.0000072
- Current Trading Price (ETH): 0.00006
Intangibles
- Team/Advisors Quality: Ok. Core team is small, should have enough raised to hire a few more developers.
- ICO Hype: None. No large ICO community backed the project publicly
- Idea / Vision: Great idea, if they can create a working product that'll be impressive.
- Prototype: Kind of. Current release shows potential arbitrage opportunites, but not connected to exchanges yet
- Whitepaper: Yes
- Roadmap: Fairly detailed. Release planned for 2018
- Exchanges listed: EtherDelta & Mercatox
What we like
ARCT can be a daily tool for crypto currency traders. Huge arbitrage opportunities are available every day, but in the current state of crypto it is very hard to take advantage of this opportunity. The team although rather small seem to be working on the product. The team only raised $1M but that should be enough to hire a few developers to help finish the product. Token metrics are very favorable to low market cap investors; the current market cap is below $10M which in the current state of the market is very low. If the team can get this on a larger exchange, we could possibly see major uptick in price.
What we don't like
The team is not very active with their community and it reflects in the lack of marketing efforts. Although this is a great idea the lack of marketing hurt them in the ICO causing them to raise only 10% of their hard cap. There isn’t much hype around this coin and no major influencers talking about it. The team has an alpha version of their application, but have yet to release something the would allow consumers to participate in arbitrage trading. There are still a lot of uncertainties surrounding this project, but it could be a great find if the team can capitalize on a little momentum and improve its marketing efforts.
Verdict: Type B Token
Despite lack of marketing efforts and the trading terminal still under development, ARCT could be a nice hidden gem. The project is still a baby market cap coin, sitting below $10M even with the recent price increase. This is a high risk, high reward coin. ARCT did just recently rise up in price after a recent CMC release, keep an eye on this one for a good entry point if this fits your crypto profile.
Are we investing?
We invested a small amount early on. ARCT has a great idea, if the team can deliver a working product… this is a game changer for day traders. If you’ve been trading crypto currencies for any period, you've noticed the arbitrage opportunities daily. A platform that allows you to take advantage of that can come as a huge advantage for the average trader. There is nothing in Crypto that does this currently, so the project has an opportunity to capitalize on first mover advantage.
EtherDelta: ARCT
Mercatox: ARCT/BTC
TL;DR
ArbitrageCT (ARCT) is building a tool for crypto currency traders allowing you to trade on multiple exchanges simultaneously. Although the team is small, the token metrics are highly favorable. We expect considerable growth from ARCT as it finalizes its trading terminal and gets on larger exchanges. However, it could take some time to see growth due to the lack of public marketing.
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