How to profit from Token Listing Events?

Based on our analysis on past exchange listing notifications, once a token listing is official, the said token will see a big flurry of purchases on other exchanges, pushing the price upwards, in anticipation for the listing event. Normally this will happen in the first 10 mins, and in some cases, continue throughout the day if the coin/token is really a promising and exciting project.

For the uninitiated, let me break this down to you and explain it in more detail. Cryptocurrency Exchanges normally list tokens on their own discretion, therefore, before a big exchange like Binance lists a token such as RavenCoin (RVN), it would have already been listed and traded at other exchanges for some time. On learning the announcement from Binance, crypto traders will flock to other exchanges and buy up the tokens in advance.

So, in order to profit from exchange listing events, there are the two criteria:

i) Learn about the Token Listing Announcement within 10 seconds

ii) Buy the token at another exchange within the next 1–4 minutes

This is indeed not a small feat considering that we don’t stare at the crypto trading terminal or latest news from exchanges all day long (We still have a life, remember? and a family? Hello?)

How Qobit helps you trade?

Imagine if an app that will notify you once a big crypto exchange made an announcement to list a token in split seconds. Upon notification you open the app, the app will show you all the necessary information for you to act on, and you can decide if you want to buy the token just right off the bat from the app, without going to another website or app. Would you like to use something like this?

At Qobit, we are incorporating this feature into our app’s beta release. We scan token listing event announcements from big exchanges like Binance, Bittrex, Bithumb etc across multiple channels, and once we identified a positive signal, we deliver them to you on your mobile immediately. Our app allows you to buy the token from another exchange directly. All of this could be consummated in a brief 2 minutes at most, the only limitation is probably your decisiveness and reflexes.











Conclusion
As you can see from the steps outlined above, our App allows you to receive and respond to important events in the crypto world easily right from your mobile. In the next few weeks we will also analyse the Exchange Listing Events from a statistical approach. Stay tuned.

Source: Using Qobit for Event-based Trading in a Bear Market