In the recent years, the advent of cryptocurrency has provided numerous opportunities for the people, issues like lack of liquidity for certain pairs, price manipulations, and the high amount of non-professional traders leads to certain inefficiencies. That’s where Arbitao comes in.
Essentially, Arbitao is a fully automated solution for arbitrage trading in cryptocurrency markets aimed at overcoming the problems associated with conventional arbitrage trading methods, the result of which most people have no chance of profiting from arbitrage.
According to Karel Mirrin, CTO of Arbitao:
“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.”
Arbitao is a reliable arbitrage platform that has been tried and tested by initial investors since November 2017. Now it is available to the wider community. Its unique technology assists the users by finding price differences in different crypto exchanges and automatically executing profitable arbitrage trades for the community members.
Even though 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 a tad complicated for the common man to deal with. Arbitao’s unique ATAO blockchain technology uses 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. The second way is by contributing computational power to the network so that the Arbitao algorithms can run even faster.
To participate in arbitrage trading on the Arbitao platform, you need ATAO Coins. ATAO Coins also let you generate extra profit from staking. Additionally, you can use the coins to speculate on exchanges in the future. A limited volume of ATAO Coins is now available for purchase during the ICO.
Definitely, Arbitao is on a mission to implement a decentralized network of nodes using 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. 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.
In the long term, Arbitao aims to fully decentralize the existing arbitrage trading and empower both small and big investors alike.
You can find more information and a press kit on the official website www.arbitao.com.
You may also read their whitepaper here.