Identifying new use cases for cryptocurrencies isn’t easy. Many different approaches are being explored, with varying degrees of success. Market arbitrage has always been very popular among traders and speculators. As such, Market Arbitrage Coin targets this crowd specifically. It is also a currency which, according to the developers, will make arbitraging a lot more accessible.
The Market Arbitrage Coin Vision
Building a cryptocurrency capable of generating its own profit isn’t straightforward. The Market Arbitrage Coin team is exploring tried and test business models with a new twist. Their main goal is to bring an easy-to-use tool to market for the cryptocurrency enthusiasts. The native arbitrage system will span many different exchanges and trading platforms. Moreover, its in-house-developed trading algorithms will facilitate crypto trading on an unprecedented scale. Boosting potential profits while minimizing overall risks is something many people can rally behind.
[UPDATE] Given the current Fake Stake bug concerns, the MARc team confirmed the project is safe from harm. In fact, its developers have secured the blockchain back in December of 2018. Their proactive approach has successfully secured the network well before this “bug” became public knowledge.
How Does it Work?
Several key aspects of Market Arbitrage Coin need to be highlighted. There is the automated arbitrage system which will maintain market-neutral strategies. Unlike most solutions, the MARC-oriented algorithms will place many different trades for profit to achieve a success rate as close to 100% as possible. Initial tests of the bot seem to yield spectacular results, as many small profits can make for a juicy profit down the line.
Secondly, the easy-to-use platform highlights all potential arbitrage opportunities through one convenient user interface. Until now, it has been challenging to identify all of the price spreads for different currencies. Moreover, it is not straightforward to work with so many different exchanges when trading manually. Market Arbitrage Coin shows all opportunities and their associated fees. As such, users can make a well-informed decision as to how they want to approach the money-making process.
Being transparent is the key to success in the cryptocurrency world. The MARC team acknowledges this and will honor this aspect. Their trading strategies and arbitrage analytics will be made publicly available. This ensures nothing “nefarious” is going on behind the scenes. Additionally, it also creates a bigger “pool” of data and trading examples for potential future investors to explore.
MARC Currency and Masternodes
There is more to Market Arbitrage Coin than the software itself. Its network also offers masternode solutions for early and long-term investors. Through these nodes, users can increase their MARC holdings in a passive manner. These coins will then be used to perform market arbitrage trading once the platform launches later in 2019. MARC will be the exclusive currency to for using the automated arbitrage system and other features of the infrastructure. More information about the project as a whole can be found in the whitepaper.
To set up a Market Arbitrage Coin masternode, users need to obtain 1,000 MARC as collateral. They will passively generate rewards from their node, as well as staking coins. For early investors, this creates a solid opportunity to obtain a good amount of MARC prior to the platform launch. As this currency will only be available on exchanges, running a node or staking coins is a favorable approach. The whitepaper clearly outlines how the MARC emission structure will change over time.
What Comes Next?
At the time of writing, the MARC MVP is still being finalized. It is expected to be released in the coming weeks. The arbitrage platform is also being finalized, which will ultimately lead to the user portal launch in Q1 of 2019. Other features to look forward to include the web wallet, further trade pairs for MARC on exchanges, and improving upon the arbitrage platform. The list of exchanges to be supported includes Binance, Bitfinex, Bittrex, GDAX, Bitstamp, and others. Screenshots of the MARC arbitrage platform in action can be found in the Discord channel.
|Total Supply||21 Million MARC|
|PoS or PoW||PoS|
|Increasing Collateral Requirement?||No, but reducing masternode and PoS rewards|
|Block Explorer||Market Arbitrage Coin Explorer|
Disclaimer: All information provided in this article is for educational and entertainment purposes only. MNMMG Does not offer investment advice and is not responsible for any financial losses sustained by its readers.