Arbitao ICO (ATAO Token) Aims To Decentralize Arbitrage Crypto Trading
The Arbitao platform is a fully automated solution for arbitrage trading in cryptocurrencies. The main intention is to overcome the problems associated with controversial arbitrage methods, including those that most people have and don’t allow them to profit from arbitrage.
Arbitao has created a unique technology that helps users find price differences in several cryptocurrency exchanges and execute a profitable arbitrage trades for community members.
As stated by Karel Mirrin, there are several Initial Coin Offering (ICOs) projects that do not have a working product and may never have. But Arbitao is different, because the intention was to deliver a working and tested product before the token offer.
Cryptocurrencies have been providing individuals important opportunities, but the lack of liquidity in certain pairs, and price manipulations have created inefficiencies in the market where prices are different depending on the exchange.
Arbitao has created its unique ATAO blockchain technology that uses data provided by multiple exchanges in order to make profitable trades for the members of the platform.
Community members on the ATAO blockchain will be receiving rewards in two different ways. The first one is by staking reward which can be obtained installing the ATAO wallet, staking some of the coins and validate transactions. In this way, the user can earn more coins.
Another way to earn rewards is by contributing computational power to the network. In this way, the Arbitao algorithms can run even faster. These two points create a secure and fast network.
The system has been available online since November 2017 and it has been successfully tried and tested by an important group of crypto enthusiasts and traders. The automated arbitrage trading system developed by Arbitao is able to identify viable arbitrage opportunities from 19 different exchanges.
Once it is fully implemented, Arbitao will be offering to its users a fully decentralized arbitrage trading platform where it will be possible to set up the ATAO wallet with API credentials and start to trade on exchanges. The intention is to implement a decentralized network of nodes that use the highly computational resources. In this way, ti will be possible to overcome the problem of identifying the most viable arbitrage opportunities between different exchanges.
Moreover, in the future, Arbitao wants to fully decentralize the arbitrage trading and empower small and big investors.
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