[ANNOUNCE] Elqnt | Arbitrage - A Bitcoin + Cryptocurrency Arbitrage Platform.

[sprinkle]

We're excited to announce Elqnt | Arbitrage!

My partner + I have been in development on an advanced trading platform to allow those who hold cryptocurrency to automatically execute inter-exchange trades to capitalize on arbitrage opportunities.

We've just launched our Indiegogo campaign today and would love to have anyone interested ask us questions below and become backers to help get this platform off the ground.

Both myself, Stephen Sprinkle (sprinkle), and Brandon Andrews (lodlock) will be around to answer any questions.

Vaughn Murphy (coinking) is also working with us on promotion for the platform -- say hi

A bit about our experience + past projects:

Stephen Sprinkle -- Linkedin
Brandon Andrews -- Linkedin

Donation Addresses:
Bitcoin: 1xPuX9j31DvTo3re9PpeTKJUTj9H9qP5r
All Other Cryptocurrencies Via Cryptsy Trade Key: 208823d92c583a35ad391fa97c10d4f59e6fd6ff

Social Outlets:

Twitter - Main
Twitter - Dev
Youtube
Facebook

Contact:

IRC Freenode: #elqnt
stephen@elqnt.com

Lastly,

We've put out a short Q+A video set for some common questions people have been having around the platform.  That can be found here --> http://www.youtube.com/playlist?list=PLXq7bBf8bhxjYjOej5oeFdZ1i4tJWFEg0

Follow our dev twitter account to get live updates as we deploy features.

Updates

Archive

2/25

We've locked functionality and are now in the testing + hardening phase ahead of going live with round 1 alpha -- this is an absolutely crucial step, as we will be allowing live transactions.

This phase is the last major segment of development ahead of going live with the alpha.

We're also removing support for Mt.Gox in light of the developments yesterday -- we truly extend our regrets to those who held their coins with Mt.Gox -- may the community of companies building in the crypto space become more resilient, open, secure, and professional.

Lastly, we're going to be beginning to do a series of short demo videos in the coming days to demo some of the functionality of the platform ahead of the alpha going live.  We're just waiting to produce these videos until the UI is up to a presentable stage, which should be fairly soon.

Feel free to send over any questions you might have via private message or appended to the thread and don't forget to share the word about the campaign!

[1715016479]

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[1715016479]

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[oryeger]

How long do you think the development should be after funding?

[sprinkle]

How long do you think the development should be after funding?

We're actively in development currently on the project and are expecting to get round 1 alpha access (only available to backers) ready sometime during the campaign.

Round 2 alpha (also available only to backers) should be ready shortly after the campaign finishes up.

The timeline for the next phases of deployment + ultimate full production release heavily depends on feedback during the early alpha stages and subsequent feature inclusions/improvements from that feedback.

[daybyter]

What language are you using?

[lodlock]

What language are you using?

The core of the platform is developed in Node.js although individual clients will also be created in various languages. Once the API becomes public client access can be developed in any desired language.

[sprinkle]

Updates Archive

2/23

We've added support for a bunch or exchanges (8 in total) since the last update on 2/19!

New supported exchanges:

• Bit2C
• bitme
• BTC China
• mcxNOW
• BTC38
• OkCoin
• Vault of Satoshi
• Crypto Rush

We've also added support for a number of alt-coins in addition to Bitcoin --

• Litecoin
• Dogecoin
• Freicoin
• Megacoin
• Peercoin
• ProtoShares
• Primecoin

We're also continuing work on the dashboard UI.  We expect for this item to carry over into the actual alpha rounds as we further refine the workflows based on feedback.

2/19

We've integrated three more exchanges today:

• BTC-e
• Bitstamp
• Bter

The first batch of perk t-shirts came in today!  Check them out here --> http://blog.elqnt.com/elqnt-arbitrage-t-shirts/

Lastly, we've added Vaughn Murphy (coinking) to the project!  
He'll be helping us out with promotion for the platform + campaign -- say hi!

2/18

We're now integrated with 7 different exchanges (list below)!  If you have any specific ones that you'd like to see in the platform, let us know!

CampBX
Cryptsy
Kraken
Crypto-Trade
Bitfinex
Vircurex
Mt.Gox

In addition to the above, we've also added in support for trading in EUR.  

2/12

We're now accepting ALL cryptocurrencies via Cryptsy Trade Key for donations -- 208823d92c583a35ad391fa97c10d4f59e6fd6ff!

We've added a dev twitter account that shows commit messages as they are pushed to our repository -- @elqntdev

We've just added support for Cryptsy.

Added support for Dogecoin, such progress.

A blog is coming, which we'll post longer form updates to.  I'll update with a link once that's all ready to go.

2/11

We just added the ability to donate w/ Bitcoin via either a coinbase checkout page (makes it easier to claim perks) or anonymously via a Bitcoin address.  

Coinbase donation page -- https://coinbase.com/checkouts/9039597f9b6fb6474345eeb279f71a4a

Direct Bitcoin Address -- 1xPuX9j31DvTo3re9PpeTKJUTj9H9qP5r

[sprinkle]

Update!

It's been a little while so I figured I'd make this an actual reply instead of just an edit to the original post.

We're now integrated with 7 different exchanges (list below)!  If you have any specific ones that you'd like to see in the platform, let us know!

• CampBX
• Cryptsy
• Kraken
• Crypto-Trade
• Bitfinex
• Vircurex
• Mt.Gox

In addition to the above, we've also added in support for trading in EUR.  

Lastly, we put out a short Q+A video set for some common questions people have been having around the platform.  That can be found here --> http://www.youtube.com/playlist?list=PLXq7bBf8bhxjYjOej5oeFdZ1i4tJWFEg0

I also want to encourage anyone who hasn't to checkout our crowdfunding campaign on indiegogo!

Follow our dev twitter account to get live updates as we deploy features.

Stephen

[Griegura]

Any plans to include Bitstamp?

[lodlock]

Any plans to include Bitstamp?

We will indeed be adding Bitstamp. In fact it's scheduled to be included today or tomorrow. All added exchanges can be enabled or disabled at the user level so ultimately it is up to the user as which exchanges they would like to perform arbitrage opportunities on.

[LordMeowMeow]

How does the arbitrage take place? Do you need individual accounts on each external exchange?

[sprinkle]

How does the arbitrage take place? Do you need individual accounts on each external exchange?

We plug directly into the various APIs of the exchanges we integrate with and based on the triggers + strategies you've defined, we execute the arbitrage actions accordingly either automatically or we let you know via alert so you can do it manually if you so desire.

We've also done a recent Q+A where we answer where exactly the points of automation + manual intervention are with the current structure of the platform --> https://www.youtube.com/watch?v=AwvDqkOrXLw

You do need an account with each respective exchange that you'd like to execute arbitrage with -- this allows us to focus on providing the best unified arbitrage platform possible without having to be concerned with many of the regulatory issues that come into play when you start handling the movement + holding of funds for users -- our platform simply orchestrates movements that occur directly between your existing accounts -- this doesn't mean this won't be something we might handle down the line, but to get off the ground we're keeping things as elegant as possible on our end.

[lodlock]

Any plans to include Bitstamp?

Bitstamp support has been officially added.

[coinking]

Important info regarding the Elqnt Arbitrage project!

Only 21 days left!

Indiegogo campaign is moving along but help is needed!
Support this unique platform at the ground level and enjoy the perks!

We are at $1,700! Still shy of our goal, let's make this a reality people!

Indiegogo campaign!
http://igg.me/at/elqnt/x/2470903


New videos with more info about Elqnt Arbitrage!
http://www.youtube.com/user/elqnt

More updates soon!

website
http://arbitrage.elqnt.com/

fb
https://www.facebook.com/pages/Elqnt/504514766335958

tw
https://twitter.com/elqntdotcom

[joesmoe2012]

is the alpha available yet to those who donate?

[sprinkle]

is the alpha available yet to those who donate?

Not quite yet -- but the Round 1 Alpha will be available soon.

We've been heavily focusing our development time into back-end integration with exchange APIs thus far and are now this week shifting over to getting the UI of the dashboard ready for the alpha.

As soon as it's ready, we'll be directly emailing backers with instructions and also doing a public announcement.

Stephen

[coinking]

UPDATES

We've integrated three more exchanges today:

BTC-e + Bitstamp + Bter

The first batch of perk t-shirts came in today! 

Check them out here --> http://blog.elqnt.com/elqnt-arbitrage-t-shirts/

We're working hard towards getting the Round 1 Alpha live and encourage everyone to share indiegogo campaign

http://igg.me/at/elqnt/x/2470903

Lastly, we've added Vaughn Murphy to the project!  He'll be helping us out with promotion for the platform + campaign -- say hi!

Ask any questions you might have in our Google Q+A page, and get psyched for the alpha!

The Elqnt Team

[Shenol]

The idea is really nice, however, correct me if I'm wrong, to use arbitrage opportunity you need to move FIAT money too. How are you going to handle this? Does every user need to get money and sent it to another exchange? I don't like the idea to have to wait a week to get fiat and then another week to have it on another exchange to be able to do arbitrage.

[sprinkle]

The idea is really nice, however, correct me if I'm wrong, to use arbitrage opportunity you need to move FIAT money too. How are you going to handle this? Does every user need to get money and sent it to another exchange? I don't like the idea to have to wait a week to get fiat and then another week to have it on another exchange to be able to do arbitrage.

Thanks!  

Simply put, that's correct.  Issues like the one you've stated largely comes down to what your individual strategy for arbitrage will be.  In your scenario it makes sense (and on the broader scale also) to keep funds available at various exchanges so that you can take advantage of arbitrage possibilities -- of which our platform would watch for and capture.

In the early stages we're focused on creating a unified and simple way to watch for and conduct arbitrage against various exchanges.  As things get spun up, we have a number of possible ways to develop out additional functionality that can potentially better address concerns like yours, but to start, we've got a laser focus on making a simple, unified arbitrage platform -- early feedback from the community will be crucial as to what functionality we focus on developing after that point -- all the more reason to jump in on the indiegogo campaign and be part of the Round 1 Alpha

[bitcoinbravo]

I like where this project is going -- would you add support for MintPal as well ? Also maybe include the top 20 coins IN VOLUME as that is where some of best opportunities arise

[coinking]

I like where this project is going -- would you add support for MintPal as well ? Also maybe include the top 20 coins IN VOLUME as that is where some of best opportunities arise

+1