Ninjastic
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Board Announcements (Altcoins)
Re: 🚀[ANN][ICO][RBIT] Earn Passive Income thru our Arbitrage Profit Sharing 🚀
by
xPotato_02
on 24/04/2018, 07:42:53 UTC
Quote from: Miiike on April 24, 2018, 06:14:16 AM
Quote from: xPotato_02 on April 23, 2018, 11:51:04 PM
Quote from: Miiike on April 23, 2018, 02:24:54 PM
Quote from: xPotato_02 on April 23, 2018, 06:43:34 AM
Quote from: Miiike on April 23, 2018, 05:00:33 AM
Quote from: xPotato_02 on April 22, 2018, 06:13:09 PM
Quote from: Miiike on April 22, 2018, 06:09:40 PM
So the only eligible for profits are those who had their balance un-moved for a month duration?
Also, am I right to assume that the profit you gained and shared are from your team doing arbitrary with users funds?
I wouldn't say "unmoved", as long as you have RBIT in your ERC20 wallet by the time of snapshot (I don't have the exact date), you'll be rewarded directly with ETH depending on the number of RBIT you hold.

Correct, 100% of the profits are distributed to the RBIT Token holders

Uhh... if to be eligible we only need to have RBIT on our wallet during a snapshot, then it is quite acceptable if I buy and store RBIT one day before the snapshot (next Tuesday, as per your post above) and sell those RBIT into other currency soon after the snapshot end?
That is possible, up to you Grin

But, isn't your profit, which then will be shared upon token holders equally, is generated through the arbitrary activity with user's fund? Which is why you returned their "willingness" to "lend" their funds for arbit by sharing your profit with them?
Contact us on discord, our team will directly answer your questions Smiley https://discord.gg/kyYSgM7

Thank you for your kind offer, but I actually prefer to have discussion here so that the information you give through my questions can be available to anyone to aid their confusion, as I believe these piece of information are essential for investors to understand your project better.
Understood. I am a National Moderator in Discord so technically not part of the team but I'll be happy to answer your questions here. It is correct that the funds for the purchased tokens will be used to increase the profits in arbitrage, which will then be distributed to token holders every month. So the expected ROI based on the algorithm testing would vary more or less 3 to 4 months.