Arbitrage is a new branch of KeycoBot development which will be able to earn profit to the project which will be directed to project development.
As well it will be able to earn money to Keyco investors ( they will be rewarded from masternodes and get a passive income from arbitrage deals.
So for now our development plan is:
- adding new exchanges into KeycoBot portfolio. Our community voted for adding binance, poloniex, bittrex, kucoin... exchanges.
Available exchanges for now:
- binance.com
- hitbtc.com
- cryptopia.co.nz
- searching for arbitrage pairs and users who have those coins on their balances
- taking KEC as a
guarantee to minimize any risk between users.
All deals are done between users, bot acts as an escrow, so arbitrage function will be available only for those who have enough KEC on their balances to .make a deal.
- automatic trading of found pairs .
- implementation of all features in other messengers.
Arbitrage deals will be done in various pairs which are traded on exchanges mentioned above such as BCD/BTC, EOS/BTC, ETH/BTC. Keyco will be used as a collateraland will be frozen until the end of the deal and spreading profits among thebhsers of arbitrage.
For making a deal user must have:
1. A coin on one of the exchanges which will be used in arbitrage
2. Added an api with trade function enabled in keycobot.
3. Enough KEC for collateral available on your balance (We are thinking of adding as a collateral your working masternodes without breaking them and transferring your coins directly to your keycobot balance.
All future operations: finding arbitrage pairs, connecting users to make a deal, calculating amount of coins traded, freezing KEC, buying/selling coins, releasing KEC after a successful deal will be done by KeycoBot automatically.
Telegram ChatBot:
https://t.me/keycobotLINE ChatBot:
https://line.me/R/ti/p/%40hgb1998fhttps://discord.gg/fgJQ3RA