Post
Topic
Board Announcements (Altcoins)
Re: 🚀[ANN][ICO][RBIT] Earn Passive Income thru our Arbitrage Profit Sharing 🚀
by
RBITtoken
on 27/04/2018, 03:31:33 UTC
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.

If that so, that the profit are gained from arbitrary through token holders fund, wouldn't it be unfair if someone who hold for entire month, from which his fund is being utilized more, compared to those who bought just one day before the snapshot?
There are advantages and disadvantages to both points.
1. Those who just hold won't need to do anything VS looking out for snapshot dates and purchase before it
2. Holders purchased the tokens at a low price VS those wanting to hold tokens only at the day of snapshot risks buying the tokens at a higher price

Given that the revenue shall be shared monthly, and that the last snapshot and distribution is yesterday (or at the end of the month, one may say), it'll be quite safe to guess that the snapshot should happen at the final week of each month, thus, allowing people to play safe by buying near that week. Unless the snapshot is random and not exactly every month, let's say it can happen in two weeks? One? Three?
During this sale period, the profit share will be biweekly. After that it's monthly. Regarding the snapshot, I don't have the exact details for that. I will let you know as soon as I get hold of that information.

SO to answer his question above about it being unfair if the between the person that held and the person that bought.. At that point it does not matter to us what you do with your tokens because when RBIT tokens are traded publicly on exchanges we no longer know who holds the tokens.. Token holders will at that point be represented by their ETH address so it is totally up to the RBIT token holders to decide on when to sell there tokens. Maybe it is more worth selling them then holding on to them.. Who knows. What ever the token holder decides is what he or she can do