Good day from Arbitrade and Cryptobontix.
We would like to start by apologizing for the delay on this announcement as we were waiting on some of the details right up until the end of business today. For the past week, our advisors and management have been in constant meetings with regulators in a couple of different countries. Similar meetings will transpire in additional countries over the next three weeks.
Today we wanted to update everyone on where we stand and why we are taking the approach that we are. Internally we have been calling this "the year of legislation," where all cryptocurrencies are in flux, and no one knows exactly where it's all going to end up. What we can say is that we are very aware that many, many countries are pro cryptocurrency and the opportunities that the blockchain represents for governments, banking, and industry.
That being said, our advisors and management have been working with several countries to assist this process along. Our approach is that Arbitrade will domicile in one country and we call this Arbitrade core. All the bullion that Cryptobontix/Arbitrade acquires will be mainly vaulted in this domicile country. We have good reasons for our decision to change from mainly being vaulted globally to our home domiciled location, which we will release details later on.
Because Arbitrade and the Cryptobontix tokens are planned to be global entities, we have been seeking the following from every country in the world. To be:
- Incorporated,
- Insured,
- Securitized, and
- Licensed.
The global roll-out that will occur over an extended period as there are many countries making plans to adopt cryptocurrency but are slow to move forward as a result of current government processes. These corporate and licensed entities in each country will be subsidiaries of Arbitrade core. This means we will be able to operate in every country under their individual regulations and tax laws so that we are 100% compliant.
As of yesterday, we have been granted the ability to announce the Arbitrade/Cryptobontix ICO launch details on May 11th, 2018. This will include Arbitrade/Cryptobontix's six tokens/coins and the details surrounding this including which countries can participate. We can also announce the operational launch of Arbitrade exchange and the initial launch countries for the platform.
If a person wishes to participate with Arbitrade and is not in one of the participating countries listed, they can still sign up to Arbitrade but will have a restricted account until October 1st, 2018 when we plan to be open to most of the world.
Between the scheduled announcement on May 11th and October 1st, the Arbitrade Advisors and Management will be introducing new countries that have passed legislation and approved Arbitrade to operate in their countries as we advance. Clearly, there are those countries that we will not be able to operate in because of their non-support towards cryptocurrencies presently. The partners, staff, management, Board of Directors all feel that the entire world will eventually come online and accept cryptocurrencies as a standard way to invest and use as a secondary payment method, but we also know this could take as long as five years to happen.
With many announcements of countries planning to release their own cryptocurrencies, the popular trend seems to be that these will be bullion-backed entities. Therefore, we believe that Arbitrade, with the Cryptobontix tokens, will be in the lead of this future trend that will be fully supported and legal under the regulations of the countries we operate.
As most that follow the crypto-sector are aware, there has been a lot of ups and downs with regulations and approvals. In some cases, licenses were approved only to be revoked by authorities because they simply didn’t understand what they were approving. Arbitrade has taken the approach to completely educate governments and banks about the strength and benefits of the cryptocurrency sector. Arbitrade management wants them to be 100% fully aware of what they are approving with the company licenses and securitization.
Since the release of the original white paper, which most of our followers have read, we have made large advancements. We have successfully connected with banks so that our users can literally transfer funds into and out of Arbitrade with ease. As we move into new countries, we will find more of these partnering banks that wish to expand their operations and see the value in what we are doing. This also allows the sending of fiat or cryptocurrency, including other cryptocurrencies, anywhere in the world faster than any other method to date and directly to the recipient. That recipient doesn’t even require the ownership of an account on the Arbitrade platform prior to receiving the money.
These payments will be able to be sent to a mobile number via text, by email, or peer-to-peer in person.
Arbitrade initially had plans for a single level commission structure for affiliates but has moved to a dual level commission bench so that members can earn from people their leads have introduced to the platform for the lives of those customers. We believe this is a lucrative way for our members to earn a great secondary income while helping management expand the system globally. If a member sends a non-member money, in any form, when the recipient receives those funds, the acceptance link also works as the sender’s affiliate link as soon as funds are accepted and the recipient signs up for a new account. If a recipient doesn’t have an account, the Arbitrade platform automatically sets up a new temporary account based on either the email or cellular number. This will create a viral growth aspect for the Arbitrade platform as well.
We know this news may not be what everyone wanted to read for the dates of release but we must be cautious and respect governmental laws and regulations globally so that everyone can enjoy the Arbitrade system and tokens for a long time to come.
Along with the announcements, there will be detailed videos released demonstrating all functionalities of Arbitrade and how we created what has never been done in any capacity previously.
We leave you on the progress of our mining operations. Below are "before and after" photos of the 100,000 sq ft warehouse we have leased in order to initiate our mining operations and the other is a video displaying the multiple skids (pallets) of mining rigs already delivered to the facility with more being delivered every day.
Photo #1 - Before Work Began
Photo #2 - Ceiling and Walls Repainted and Floor Coating Started
Video #1 - Initial Skids of New Mining ServersWe were ready to launch this month, and it is very unfortunate that we are forced to delay slightly, but we have everyone’s best interests in mind.
We are excited to share with everyone what we have created along with our roll-out plans in the weeks ahead.
Sincerely,
Arbitrade Management
https://arbitrade.io
