Cindicator Product release: Cryptometer 2.0 Bot




  • We are pleased to announce the launch of our @Cryptometer 2.0 Bot for CND token holders.

    Once informed of the coins you would like to monitor, @Cryptometer 2.0 Botnotifies you of time-limited arbitrage opportunities and price alerts across multiple crypto exchanges. It supports 10 exchanges (Poloniex, Kraken, Okcoin, Gemini, Bitstamp, Bittrex, Bitfinex, GDAX, Binance, and BTCC) and 8 cryptocurrency/USD pairs (BCH/USD, BTC/USD, DASH/USD, ETH/USD, LTC/USD, NEO/USD, XMR/USD, XRP/USD).

    Due to the unregulated nature of altcoin trading, the cryptocurrency space experiences frequent and massive fluctuations that can create lucrative arbitrage opportunities. Arbitrage is the simultaneous purchase and sale of asset to profit from a difference in its price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets and exists as a result of market inefficiencies.

    Cryptometer 2.0 Bot spots up to 5 arbitrage opportunities per day with more than 1–3% price difference. These opportunities lasts around 5 minutes, so you have enough time to place orders on exchanges manually.

    The convenience of the bot notifier lies in the fact that you no longer need to sit behind multiple monitors and track hundreds of tabs with charts on different assets and exchanges — just set up the Cryptometer and receive an instant alert when the arbitration opportunity appears. Then simply manually execute your desirable trade.

    For instance, you can set an alert for ETH/USD pair, choose the exchanges on which you are registered — Bitfinex, Bittrex, Kraken and Poloniex for example — and select a threshold of 3%. In this case, you will receive an alert from the bot if the price of the bid on one exchange (e.g. Bitfinex) reaches more than 3% higher than the ask price on another exchange (e.g. Bittrex). You can then buy ETH/USD on Bittrex and sell on Bifinex targeting 3% gross profit.

    Do not forget that this difference is indicated without commissions and transaction costs, so that in setting too low a threshold you risk making a loss-making trade. Carefully study all conditions of the exchanges on which you trade, as well as other transaction costs.

    In the new version of the bot, we have also added the possibility of setting price alerts. Using these you can ensure you do not miss all significant market moves, and will be the first to find out that Bitcoin has exceeded $10k.

    In a further update, the bot now displays a list with prices on all 10 supported exchanges for any given pair. The list is sorted by price from lowest to highest. If, for example, you need to purchase Bitcoin then the Cryptometer 2.0 Botwill find you the most favourable price across all monitored exchanges. You can then send your money immediately to this exchange and purchase Bitcoin at the best possible rate.

    Please find our FAQ here:https://cindicator.gitbooks.io/telegram-bots/content/v/master/

    We have also developed a distribution system for products that do not require direct payment of tokens. This presents itself as a type of “club card” system, in which you do not need to give CND tokens in exchange for products but simply own them.

    To facilitate this, we have implemented an ETH registration system as well as a permanent monitoring of the number of tokens at any given ETH address. If the number of tokens is less than amount required to access the Cryptometer bot, access will be automatically denied. Access can be resumed at any time by simply adding the missing number of tokens to the ETH address. In addition, you can freely transfer your tokens to another address and register a new address.

    You need to have at least 1,000,000 tokens in your account to accessCryptometer 2.0 Bot.

    Register here:https://t.me/CryptometerBot

    The bot notifier will be useful for our token-holders and we want to keep this value despite the limited utility of cryptomarket arbitrage opportunities. Therefore, the necessary number of CND tokens for bot access was chosen precisely to avoid any blurring of product value. The fact is that more people engaged in arbitration is directly correlative to less arbitrage opportunities for each market participant. By setting a significant financial barrier we avoid the “tragedy of the commons” and maximise user benefit.

    There is significant room for further development, even in this notification bot.

    For example, we are planning to add a triangular arbitrage feature and it is far more difficult to manually monitor these arbitrage opportunities without such a bot.

    It is certainly always better to automate such processes. We are currently developing and testing the execution module for the Arbitrage Bot but have not yet decided if we will sell this execution module or keep it private. If we decide to sell this execution module, the number of copies will be very limited so as not to lower the value of the product (the more people making arbitrage trades, the less arbitrage opportunities) and its cost as an almost ready-to-go product will be very high.

    Cindicator Team.

    Risk disclosure:

    Everything we post and release is for analytical and educational purposes only. Futures, options, equity and cryptocurrency trading involves the risk of loss. Any opinions, news, indicators, products and other information contained in our website and platform is provided as general market commentary/analysis and does not constitute investment advice or recommendation to buy or sell any type of security, futures contract, cryptocurrency or foreign exchange contract.

    All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

    Third party information provided for Cindicator Bot from crypto exchanges are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information provided is not warranted as to completeness or accuracy and is subject to change without notice.



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