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PROFIT SHARING WILL BEGIN THURSDAY APRIL 5TH, 2018
R-Bit originally planned to begin giving the profit shares to RBIT token holders after the end of the RBIT Token Sale which is on June 29th, 2018. The R-Bit team has decided that we will begin the guaranteed monthly profit shares with everyone who has purchased RBIT tokens on April 5th, 2018, and will continue giving profit shares throughout the RBIT Token Sale on the dates specified below. For all of the people who hold RBIT tokens that have received them through the RBIT bounty program or an RBIT referral program, you will not receive profit shares until the end of the RBIT Token Sale.
DURING THE RBIT TOKEN SALE THE DATES OF PROFIT SHARES WILL BE AS FOLLOWS:
April 5th, 2018
April 20th, 2018
May 15th, 2018
May 30th, 2018
June 14th, 2018
June 29th, 2018
After the RBIT Token Sale has ended Profit sharing will continue as listed on the website and whitepaper.
R-Bit's Website: https://rbittoken.io
R-Bit's Discord: https://discord.gg/za696XS
R-Bit's Telegram: https://t.me/joinchat/IRefdRK5BQwaikLy2f7fLA |
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Great everyone! Thank you for helping us grow our community we are glad you all are a part of RBIT
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R-Bit is seeking Bi lingual people who can give people who do not speak english the opportunity to learn and invest in R-Bit.
Brief Description: Everyone has noticed that Bitcoins price is different on every exchange. R-Bit takes advantage of that price difference using an algorithm and 100% of the profits made from the trades are shared with all RBIT token holders.
Website: https://rbittoken.io
Discord: discord.gg/za696XS |
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R-Bit is giving Bounties of $150 worth of RBIT Tokens (1000 RBIT) to introduce R-Bit to people who speak languages other than English and live in foreign countries. 1000 RBIT tokens for every person that gets 5 foreigners to join the R-Bit discord https://discord.gg/za696XS |
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Each coin we trade yields a slightly different profit margin but most of the coins end up making around the same percentage when the monthly period is up
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Great question! So we cant guarantee we will never take a loss because there is always a possibility that the algorithm could all of a sudden not work properly but to this day we have not taken a loss! The algorithm makes trades so quickly that the trade is done before the price has time to change. Also if the market is dropping faster than a rate we have specified and coded into the algorithm then the algorithm will stop trading until the crash has become stable. When profits are shared you wont even know the difference because it all seems to average out at about the same percentage at the end of every month.
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We did 15 weeks of solid testing that included:
1. Testing the algorithm when the market crashes
2. Testing the algorithm when the market spikes
3. Testing the algorithm with little capital used
4. Testing the algorithm with a large amount of capital used
5. Testing with different cryptocurrencies (OMG, BTC, ETH, XRP, ZRX, ETC...)
6. Testing on different exchanges
7. Testing on codes implemented to depict an error in the market price of a currency
8. Testing to see if trades would be made when the fees were above what we coded
and much more....
I guess you could say we are still testing until the ICO is finished but we quickly realized that the algorithm performs well in all of the above scenarios. We are also constantly looking to better the algorithms abilities.
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It is very stable actually! The algorithm is coded to where it will only make trades when the price difference between exchanges is great enough. It has to be a large enough difference to cover the fees and also profit from the trades it makes. R-Bit's founders coded it to where it has no trouble doing this. The only thing market direction changes is when we have to convert ETH to Bitcoin or another currency. The algorithm trades many currencies. Right now I think there are 8 different ones that are being used but we can add more or take some out whenever we want.
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Profit sharing happens on the last Sunday of every month. R-Bit tracks the ETH adresses that hold all of the RBIT Tokens from the token sale until, well forever... and deposits Ethereum into each Token holders ETH Wallet when the profit sharing happens. The profits are shared based on how many tokens you hold. Also R-Bit is going to burn any unsold RBIT Tokens at the end of the Sale to increase the value of the token holders tokens which will also increase their share of the profits.
So if you buy 10000 RBIT Tokens and all 200,000,000 tokens were sold during the token sale. and lets say R-Bit's algorithm brings in 2,000,000 in profit one month.
Then to find out how much ETH you would have deposited in your acount, the equation would be: 2,000,000 divided by 200,000,000 = $.01
Then .01 x 10000 = $100
So in the above example if all the RBIT Tokens are sold then each toke would receive a profit of $.01 (1 cent)
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Arbitrage definition:
simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same assett |
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Including an image  Resizing the image [img=100x100]http://rbittoken.io/wp-content/uploads/2018/03/1521619758242717.png[/img] Making the image clickable (in this case linking to the original image)  Resizing and adding meta information for the image [img width="100" height="50" alt="R-Bit's logo" title="R-Bit's platform"]http://rbittoken.io/wp-content/uploads/2018/03/1521619758242717.png[/img] |
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Check out the FAQs on our website they answer a lot of good questions
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