Arbidex - Professional crypto trading platform

satish143 (36)in #ethereum • 7 years ago (edited)

Hello Everyone,

This is Satish from India.

Today I would like to make review on Arbidex - A single platform for all trades in all exchanges

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With the rapid development in cryptocurrency market, Every day we are seeing number of new projects coming into Blockchain industry by introducing with their own utility coin and this is working well for project owners for fundraising and benefitting to the people who contributed in their ICO as early adopters.

But we are seeing most of the coins when hit the secondary market (listing on Exchanges) after completion of their sale and most of the coins or currencies facing liquidity problems in the secondary market due to lack of user base. So in these cases, we find mostly arbitrage opportunity in different exchange for the same coin but with the lack of tools in existing cryptocurrency exchanges, traders are not able to gain the profit from the existing opportunities.

And also in the recent past days, we observed mostly every coin is traded at a minimum of 10 % to 20% in south Korea and Indian markets due to huge demand coming from these countries compared to supply.

This demand can be decreased by arbitragers in these markets but not happened till now. So now to fix this and to gain from the spread opportunities in different exchanges Arbidex come up with their own arbitrage algorithm software to the market. This will help the professional traders to take advantage over the spread opportunities available for every coin in the different exchanges. To do this Simply create an account in Arbidex and deposit money into the platform then we can make our trades with automatic arbitrage software. Deploying a search algorithm for the most favourable exchange rates through multiple exchanges, the platform brings about the opportunity to buy cryptocurrency at a lower rate and sell at a higher and also the platform will charge lesser fee compared to regular exchanges. In this case, Arbidex will charge 50% of profits earned on arbitrage as "succession fee".

Always investors or traders find cheap prices for some coins in different exchanges but to make purchase at cheap price, we should have funds in every exchange and that is complex process and if we don't have deposits in an exchange where we find the token price is cheaper then we have to make deposit and it will take time to deposit and then we may miss the better price. With Arbidex we can buy any token in any exchanges which are linked to Arbidex platform at a cheaper price and at lower trade fee without having an account in different exchanges.

Most of the projects are able to raise money through ICOs only by showing shitty whitepapers but only a few are coming up with MVP before they asking for funds from the people. This is one of the main advantages I observed from an Arbidex project. Arbidex developed MVP and they traded with their own funds in MVP and they able to generate profits on an average 1.3% to 1.4% daily.

Arbidex having few competitors in the market but still Arbidex can become popular because one of the competitor B2BX is ready to provide this type of services only to corporates and large-scale individuals whereas Arbidex allows even for small-scale individuals from the platform.

Now Arbidex introducing their own utility token called ABX

Benefits of holding tokens

ABX tokens will be used to access the platform by stacking into the platform and based on stacking the level of functionality, advanced tools and high volume of trades will be released to users.

ABX token will be used for paying a trading fee at a discounted rate upto 50% compare to other payment methods.
ABX token can be used for voting rights in the case of listing new coins in the platform.

Arbidex released their roadmap for the coming months which is as follows

The team also looks very ambitious and trying to add multiple features to the platform by developing algorithm software in every possible manner to benefit the users.