Number of Customers
Total Operating Assets
Compared to last week
ViBOT continuously and uninterruptedly generates revenue through arbitrage trading for supporting the ViCA platform. ViBOT is currently operating on two exchanges to conduct arbitrage trading i.e. Upbit, the South Korean cryptocurrency exchange, and Binance the global crypto exchange. Before beginning the trading process, ViBot owns equal ratio of ETH and fiat money i.e. USDT on both exchanges. This equal amount of virtual assets on both exchanges ensures the balance of assets and instantaneous execution of buy and sell orders. ViBOT does not transfer assets between exchanges to execute trades rather it maintains an equal number of ETH at the end of every trade cycle and executes buy and sell orders simultaneously on both exchanges and vice versa.
For instance, if the price of ETH falls on Upbit, ViBOT will instantly act to buy more ETH on Upbit and at the same time sell the already held ETH on Binance to pocket the price difference. After the execution of one buy order and one sell order, a cycle is completed and profit is generated (ranging between 1-4%). In some cases, when the market is highly volatile or there are huge discrepancies in the prices of virtual assets between the two exchanges, this profit percentage can also reach 10% or even more, which is highly commendable and far better than any other source of passive income in the crypto market.
ViBOT always acts to increase the fiat money and keeps the initial amount of ETH the same at the end of every trading cycle. The market volatility or price fluctuations doesn’t influence ViBOT or drastically impact the profit generation as it is only aimed at taking advantage of the price difference of any virtual asset on two different cryptocurrency exchanges. In simple words, if the price of any cryptocurrency isn’t synchronized on two exchanges, ViBOT comes into action to take benefit of that unsynchronized price (Currently operating for Ethereum Coin only).