I understand the concept of arbitrage platform, but I didn't expect referral system here. I know how it is beneficial for users who invite friends, but what are benefits for you except the community growth?
First of all, all other ICOs spend millions of dollars on marketing by handing out big parts of their budgets to established marketing agencies. We wanted to do it differently, and decided to empower the Arbitao community with an affiliate program.
Arbitao is a fully-working product, generating profits for the early investors and, based on the historical data, we managed to assess what percentage of the profits we can allocate for this affiliate program.
Our goal is to secure a leading position in the cryptocurrency arbitrage space as soon as possible. To reach this goal, we need sufficient capital in order to deposit enough funds across dozens of exchanges and be able to trade on hundreds and hundreds of currency pairs.
The ultimate goal is that Arbitao can trade thousands of pairs across 100 exchanges.
Now is the perfect time to reach the position of a leader because the crypto market cap is still relatively small. Therefore, really big players, currently operating in the forex market are not yet interested too much in taking it over. Also, dozens of exchanges that are not yet regulated do not seem attractive for traditional investors.
This, however, will change sooner or later. The market cap is growing year to year and the big players will eventually take interest in it. By that time, Arbitao wants to grow big enough to be able to compete with them.