260 days ago • cryptodaily
ChainGPT is Launching Solidus AI Tech, the Web3 Infrastructure as a Service Provider
A new generation of blockchain-based projects have begun to ascend into the crypto industry, ChainGPT is there to provide them with the necessary support and tooling to help them succeed.
ChainGPT, the leading AI Infrastructure provider for the crypto, blockchain, and Web3 industry is bringing one of its most promising incubation projects to the public. After months of careful planning, diligent development, and community building, Solidus AI Tech will be taking its next step into Web3 and launching its $AITech IDO on the ChainGPT Pad .
With their world-class team, mesmerizing website, incredible network of connections, and rock-solid plan of action, Solidus AI Tech is ready to bring its products to market and become an active player in the digital economy!
What is Solidus AI Tech?
Based in Europe, Solidus AI Tech is an IaaS (infrastructure as a service) company that is solving some of the most prevalent, fundamental issues plaguing the digital economy; namely the demand for computational infrastructure. Building out their own 8,000-square-foot facility to house hardware that has been wired with their proprietary algorithms that improve computational costs and efficiencies. In tandem to the physical infrastructure, they are tapping into their resources to provide a full stack of cutting-edge Web3 infrastructural software solutions including Artificial-Intelligence-as-a-service (AIaaS), Blockchain-as-a-Service (BaaS), High Performance Computing power (HPC), and an Artificial Intelligence marketplace.
What does AI Tech Provide?
As an infrastructure services company, Solidus AI Tech is providing a suite of four core services that can be used by companies, institutions, and even governments as a foundation to build sustainable digital systems. From metaverse to CBDC to gaming and beyond this is what AI Tech is providing:
AIaaS - Artificial-Intelligence-as-a-serviceArtificial intelligence is the frontier of mankind's intellectual flourishing. Considered to be just as, if not more important a technological revolution as was the steam engine, AI has become the building block for new technologies promising to improve the lives of people around the world. Solidus AI Tech has neatly wrapped up a turnkey solution to jumpstart the integrations and implementations of AI into a broad range of applications.
BaaS - Blockchain-as-a-serviceBuilding blockchains from scratch is an extremely tedious, long, and resource-intensive (labor and capital) process. Building quality blockchains that can satisfy the security and operational demands of sensitive, high-value operations if even more arduous. Solidus AI Tech is extending its intelligent blockchain designs for any imaginable use case.
HPC - High Performance ComputationThe demand for computation continues to grow alongside the world’s population that is coming online and new energy-dependent solutions are introduced into society. Solidus AI Tech provides computation for the most intensive use cases across a multitude of industries.
AI MarketplaceThe exchange of automated intelligent processes unlocks an entirely new machine economy that contributes to a potentially entirely new and untapped market segment. Solidus AI Tech will be providing a venue where industrial and individual AI commerce can take place.
What are some of AI Tech’s Unique Features?
Apart from the four key products that Solidus AI tech provides, there is a mixture of sophisticated novel developments at the design, code, and principle layers of the project that make it stand out from the crowd and supersede all existing solutions attempting to spearhead the enormous, evergreen market segment of Computational Infrastructure.
Some of these features include:
High Performance Computing Costs reductionNotorious for its insatiable energy demands, HPC is a problem that is looking for solutions beyond just the linear increase of hardware. Solidus AI Tech has developed proprietary algorithms that improve hardware efficiencies by 40% above the benchmark rate of existing industry standards; driving down costs, while increasing efficiency.
Eco Friendly Computation IP (Intellectual Property)Going hand-in-hand with its HPC reductions costs, a byproduct of Solidus AI Tech’s focus on optimization has resulted in the creation of innovations granting them intellectual property in the form of algorithmic systems that is much friendly for the environment with its efficient (lowered) consumption of energy and heightened computational capacity.
Custom Data CenterSolidus AI Tech has been able to secure a location with some of the lowest-cost energy and highest internet speed internet in all of Europe. With the presence of an in-house data center, Solidus AI Tech is in control of the computational supply chain and has full sovereignty in optimizing its service across every vertical of supply and demand. Built in Bucharest, the facility spans some 8,000 square feet and operates under ISO 14001:2015.Vulnerability MonitoringSecurity, monitoring, and specifically designed firewalls, Solidus AI tech provides a full spectrum of proactive protective measures to ensure the reliability of its systems. Leveraging novel structures of network devices existing without IP or MAC addresses alongside its protocol of automatic vulnerability detection satisfies the most stringent institutional security requirements.Government Enterprise Blockchain SolutionsUtilizing a combination of its software and hardware solutions, Solidus AI Tech is able to service the most demanding use cases while adhering to NATO quality assurance standard. From voting, taxation, land registration, and supply chain traceability to Healthcare and Identity management; the security, flexibility and expertise Solidus AI Tech provides caters to every grade of entity.
Solidus AITECH Tokenomics
In tune with the forward-looking innovations that are coming out of Solidus AI Tech’s ecosystems, their vision of a decentralized, digital future is underscored with its elegant tokenomics that complement and underpin their system processes. Empowering users of all types with equal access to high quality infrastructure the $AITECH token adheres to inclusive, cost-efficient ideologies. From a payment vehicle for their product licenses, an incentive for creating and publishing quality AI tooling, and membership to the DAO, $AITECH is worth taking a look at:
Token Name: AI TechToken Symbol: $AITECHToken Standard: BEP-20Issuing Network: Binance Smart ChainTotal Supply: 2,000,000,000
Moreover, the $AITECH token has adopted the leading practices in deflationary economics by implementing a variable burn program that takes 5%-10% of every transaction used for acquiring platform serves and systematically removes them from circulation; thereby exerting constant pressure on the open market dynamics of the asset.
$AITECH IDO on ChainGPT Pad Details
Solidus AI Tech has dedicated a portion of its supply for the ChainGPT Pad IDO as follows:
IDO Date: 08/21/2023Token Price” $0.012Supply Allocation: 13,333,333.33 $AITECH tokensMax Allocation: $160,000Listing on Exchanges: August 28th, at 10 AM (UTC)
More information about the IDO specifications are available in their official listing here.
* ChainGPT implements a unique protection mechanism for all IDO participants in the form of a refund policy. After an IDO has been completed, if for any reason participants feel as though they would rather revise their contributions, they have up to 7 days to do so (unless they claim their allocations). For a more in-depth explanation of the ChainGPT Pad refund policy refer to their official article discussing it here.
About ChainGPT
ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. The one-stop-shop Crypto AI hub. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market.
General Resources:Website | V1 App | ChainGPT Pad | WhitepaperDAO | NFT Generator | Staking | | Blog Community and Social Media: Twitter | Telegram | Discord | Instagram | LinkedIn | Youtube | TikTok
Launchpad BD
Contact Person(s): Gintare Kairyte / Amid YazdiContact Email(s): [email protected] / [email protected]
General BD
Contact Person(s): Jake Wallace / Cameron French / Ilan RakhmanovContact Email(s): [email protected] / [email protected] / [email protected]
—> To learn more about ChainGPT visit the official ChainGPT.org website
—> For all inquiries, please contact [email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
260 days ago • cryptodaily
ChainGPT is Launching Solidus AI Tech, the Web3 Infrastructure as a Service Provider
A new generation of blockchain-based projects have begun to ascend into the crypto industry, ChainGPT is there to provide them with the necessary support and tooling to help them succeed.
ChainGPT, the leading AI Infrastructure provider for the crypto, blockchain, and Web3 industry is bringing one of its most promising incubation projects to the public. After months of careful planning, diligent development, and community building, Solidus AI Tech will be taking its next step into Web3 and launching its $AITech IDO on the ChainGPT Pad .
With their world-class team, mesmerizing website, incredible network of connections, and rock-solid plan of action, Solidus AI Tech is ready to bring its products to market and become an active player in the digital economy!
What is Solidus AI Tech?
Based in Europe, Solidus AI Tech is an IaaS (infrastructure as a service) company that is solving some of the most prevalent, fundamental issues plaguing the digital economy; namely the demand for computational infrastructure. Building out their own 8,000-square-foot facility to house hardware that has been wired with their proprietary algorithms that improve computational costs and efficiencies. In tandem to the physical infrastructure, they are tapping into their resources to provide a full stack of cutting-edge Web3 infrastructural software solutions including Artificial-Intelligence-as-a-service (AIaaS), Blockchain-as-a-Service (BaaS), High Performance Computing power (HPC), and an Artificial Intelligence marketplace.
What does AI Tech Provide?
As an infrastructure services company, Solidus AI Tech is providing a suite of four core services that can be used by companies, institutions, and even governments as a foundation to build sustainable digital systems. From metaverse to CBDC to gaming and beyond this is what AI Tech is providing:
AIaaS - Artificial-Intelligence-as-a-serviceArtificial intelligence is the frontier of mankind's intellectual flourishing. Considered to be just as, if not more important a technological revolution as was the steam engine, AI has become the building block for new technologies promising to improve the lives of people around the world. Solidus AI Tech has neatly wrapped up a turnkey solution to jumpstart the integrations and implementations of AI into a broad range of applications.
BaaS - Blockchain-as-a-serviceBuilding blockchains from scratch is an extremely tedious, long, and resource-intensive (labor and capital) process. Building quality blockchains that can satisfy the security and operational demands of sensitive, high-value operations if even more arduous. Solidus AI Tech is extending its intelligent blockchain designs for any imaginable use case.
HPC - High Performance ComputationThe demand for computation continues to grow alongside the world’s population that is coming online and new energy-dependent solutions are introduced into society. Solidus AI Tech provides computation for the most intensive use cases across a multitude of industries.
AI MarketplaceThe exchange of automated intelligent processes unlocks an entirely new machine economy that contributes to a potentially entirely new and untapped market segment. Solidus AI Tech will be providing a venue where industrial and individual AI commerce can take place.
What are some of AI Tech’s Unique Features?
Apart from the four key products that Solidus AI tech provides, there is a mixture of sophisticated novel developments at the design, code, and principle layers of the project that make it stand out from the crowd and supersede all existing solutions attempting to spearhead the enormous, evergreen market segment of Computational Infrastructure.
Some of these features include:
High Performance Computing Costs reductionNotorious for its insatiable energy demands, HPC is a problem that is looking for solutions beyond just the linear increase of hardware. Solidus AI Tech has developed proprietary algorithms that improve hardware efficiencies by 40% above the benchmark rate of existing industry standards; driving down costs, while increasing efficiency.
Eco Friendly Computation IP (Intellectual Property)Going hand-in-hand with its HPC reductions costs, a byproduct of Solidus AI Tech’s focus on optimization has resulted in the creation of innovations granting them intellectual property in the form of algorithmic systems that is much friendly for the environment with its efficient (lowered) consumption of energy and heightened computational capacity.
Custom Data CenterSolidus AI Tech has been able to secure a location with some of the lowest-cost energy and highest internet speed internet in all of Europe. With the presence of an in-house data center, Solidus AI Tech is in control of the computational supply chain and has full sovereignty in optimizing its service across every vertical of supply and demand. Built in Bucharest, the facility spans some 8,000 square feet and operates under ISO 14001:2015.Vulnerability MonitoringSecurity, monitoring, and specifically designed firewalls, Solidus AI tech provides a full spectrum of proactive protective measures to ensure the reliability of its systems. Leveraging novel structures of network devices existing without IP or MAC addresses alongside its protocol of automatic vulnerability detection satisfies the most stringent institutional security requirements.Government Enterprise Blockchain SolutionsUtilizing a combination of its software and hardware solutions, Solidus AI Tech is able to service the most demanding use cases while adhering to NATO quality assurance standard. From voting, taxation, land registration, and supply chain traceability to Healthcare and Identity management; the security, flexibility and expertise Solidus AI Tech provides caters to every grade of entity.
Solidus AITECH Tokenomics
In tune with the forward-looking innovations that are coming out of Solidus AI Tech’s ecosystems, their vision of a decentralized, digital future is underscored with its elegant tokenomics that complement and underpin their system processes. Empowering users of all types with equal access to high quality infrastructure the $AITECH token adheres to inclusive, cost-efficient ideologies. From a payment vehicle for their product licenses, an incentive for creating and publishing quality AI tooling, and membership to the DAO, $AITECH is worth taking a look at:
Token Name: AI TechToken Symbol: $AITECHToken Standard: BEP-20Issuing Network: Binance Smart ChainTotal Supply: 2,000,000,000
Moreover, the $AITECH token has adopted the leading practices in deflationary economics by implementing a variable burn program that takes 5%-10% of every transaction used for acquiring platform serves and systematically removes them from circulation; thereby exerting constant pressure on the open market dynamics of the asset.
$AITECH IDO on ChainGPT Pad Details
Solidus AI Tech has dedicated a portion of its supply for the ChainGPT Pad IDO as follows:
IDO Date: 08/21/2023Token Price” $0.012Supply Allocation: 13,333,333.33 $AITECH tokensMax Allocation: $160,000Listing on Exchanges: August 28th, at 10 AM (UTC)
More information about the IDO specifications are available in their official listing here.
* ChainGPT implements a unique protection mechanism for all IDO participants in the form of a refund policy. After an IDO has been completed, if for any reason participants feel as though they would rather revise their contributions, they have up to 7 days to do so (unless they claim their allocations). For a more in-depth explanation of the ChainGPT Pad refund policy refer to their official article discussing it here.
About ChainGPT
ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. The one-stop-shop Crypto AI hub. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market.
General Resources:Website | V1 App | ChainGPT Pad | WhitepaperDAO | NFT Generator | Staking | | Blog Community and Social Media: Twitter | Telegram | Discord | Instagram | LinkedIn | Youtube | TikTok
Launchpad BD
Contact Person(s): Gintare Kairyte / Amid YazdiContact Email(s): [email protected] / [email protected]
General BD
Contact Person(s): Jake Wallace / Cameron French / Ilan RakhmanovContact Email(s): [email protected] / [email protected] / [email protected]
—> To learn more about ChainGPT visit the official ChainGPT.org website
—> For all inquiries, please contact [email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
266 days ago • cryptodaily
Huobi’s 7th PrimeVote finishes with MinePlex (XFI) Coming out on Top
Singapore, Singapore, August 15th, 2023, ChainwireCrypto Exchange Huobi announced that the 7th round of Huobi's PrimeVote event is finished. In this round, a total of 12 projects competed for the listing, accumulating 226,040,064 votes in the form of "Rockets". After two rounds of intense voting, MinePlex (XFI) emerged as the winner, garnering a total of 208,172,999 "Rockets". XFI will soon get listed on Huobi for trading.In the final round of voting, XFI secured the win by amassing 208,172,999 "Rockets". XDAO secured the second position with 11,355,497 "Rockets" while AD and INS captured the third and fourth positions with 4,130,180 "Rockets" and 2,381,388 "Rockets" respectively. Huobi's official data reveals that participants casted a total of 226,040,064 "Rockets" with 5,176 individuals taking part. Notably, the "Rockets" used for voting witnessed a substantial 78% upswing compared to the previous round. Additionally, the 8th round of Huobi's PrimeVote event will carry on its worldwide search for outstanding projects by encouraging their participation in this vote-to-list event. The rules of the 8th PrimeVote will stay the same with "rockets" as the favored voting tool.Vote for projects with "Rockets" and win limited edition NFTsThe "Rocket Plan" is Huobi's newest endeavor aimed at enriching user engagement and experience. Rockets refer to the USDT equivalent of your average assets on Huobi over a 30-day period. 1 USDT equals to 1 Rocket. The Rocket value represents an integer without decimal places.The number of "Rockets" a user holds is determined by the balance of their assets. With an increased possession of "Rockets," users can wield more influence in the PrimeVote event, major platform decisions, new token airdrops, and other scenarios where "Rockets" come into play. This grants them a stronger voice and a larger share of rewards. To increase their Rocket values, users can improve their asset balances by making deposits and purchasing quality assets like BTC, ETH, HT, etc. Moreover, using "Rockets" to vote will not cause users' asset balance to be locked."Rockets" are users' tickets to take part in the PrimeVote events and also give participants a chance to mint limited edition NFTs in Huobi's Mars Program that offers $6 million worth of space travel.Based on Huobi's official announcement, a total of 12 projects were shortlisted in the 7th round of the PrimeVote event. As of August 9 202313:00 (UTC), EML and XDAO emerged as top performers in Group A while XFI and AD took the lead in Group B. These projects have advanced to the final voting stage. Following two rounds of preliminary and final voting, MinePlex (XFI) has stood out as the favored pick among the community by winning the championship of this event with a notable 208,172,999 "Rockets". MinePlex (XFI) represents an innovative CrossFi initiative by integrating the stability and liquidity of traditional financial instruments with the security and transparency embedded in blockchain technology. To realize this vision, the team is crafting a distinct blockchain v1.0 featuring the LPoS consensus algorithm. The MinePlex 2.0 blockchain adopts the DPoS consensus protocol.Huobi prioritize users and persistent crypto listings with community votesHuobi remains committed to upholding the principle of impartial listing and respects the choices of all users. It aims to establish a digital asset trading platform that is compliant, secure, and transparent. It returns the listing right to community users by allowing them to decide which tokens can be traded on Huobi. Launching PrimeVote not only identifies the most popular tokens and ensures listing quality but also maximizes the transparency and fairness of the listing process.To date, Huobi has successfully conducted seven rounds of the PrimeVote event by establishing a unique method for token listing. Looking ahead, Huobi will further refine event rules and introduce innovative features.About HuobiFounded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. Huobi serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.Company Websitehttps://www.huobi.comContactMichael [email protected]
266 days ago • cryptodaily
Huobi’s 7th PrimeVote finishes with MinePlex (XFI) Coming out on Top
Singapore, Singapore, August 15th, 2023, ChainwireCrypto Exchange Huobi announced that the 7th round of Huobi's PrimeVote event is finished. In this round, a total of 12 projects competed for the listing, accumulating 226,040,064 votes in the form of "Rockets". After two rounds of intense voting, MinePlex (XFI) emerged as the winner, garnering a total of 208,172,999 "Rockets". XFI will soon get listed on Huobi for trading.In the final round of voting, XFI secured the win by amassing 208,172,999 "Rockets". XDAO secured the second position with 11,355,497 "Rockets" while AD and INS captured the third and fourth positions with 4,130,180 "Rockets" and 2,381,388 "Rockets" respectively. Huobi's official data reveals that participants casted a total of 226,040,064 "Rockets" with 5,176 individuals taking part. Notably, the "Rockets" used for voting witnessed a substantial 78% upswing compared to the previous round. Additionally, the 8th round of Huobi's PrimeVote event will carry on its worldwide search for outstanding projects by encouraging their participation in this vote-to-list event. The rules of the 8th PrimeVote will stay the same with "rockets" as the favored voting tool.Vote for projects with "Rockets" and win limited edition NFTsThe "Rocket Plan" is Huobi's newest endeavor aimed at enriching user engagement and experience. Rockets refer to the USDT equivalent of your average assets on Huobi over a 30-day period. 1 USDT equals to 1 Rocket. The Rocket value represents an integer without decimal places.The number of "Rockets" a user holds is determined by the balance of their assets. With an increased possession of "Rockets," users can wield more influence in the PrimeVote event, major platform decisions, new token airdrops, and other scenarios where "Rockets" come into play. This grants them a stronger voice and a larger share of rewards. To increase their Rocket values, users can improve their asset balances by making deposits and purchasing quality assets like BTC, ETH, HT, etc. Moreover, using "Rockets" to vote will not cause users' asset balance to be locked."Rockets" are users' tickets to take part in the PrimeVote events and also give participants a chance to mint limited edition NFTs in Huobi's Mars Program that offers $6 million worth of space travel.Based on Huobi's official announcement, a total of 12 projects were shortlisted in the 7th round of the PrimeVote event. As of August 9 202313:00 (UTC), EML and XDAO emerged as top performers in Group A while XFI and AD took the lead in Group B. These projects have advanced to the final voting stage. Following two rounds of preliminary and final voting, MinePlex (XFI) has stood out as the favored pick among the community by winning the championship of this event with a notable 208,172,999 "Rockets". MinePlex (XFI) represents an innovative CrossFi initiative by integrating the stability and liquidity of traditional financial instruments with the security and transparency embedded in blockchain technology. To realize this vision, the team is crafting a distinct blockchain v1.0 featuring the LPoS consensus algorithm. The MinePlex 2.0 blockchain adopts the DPoS consensus protocol.Huobi prioritize users and persistent crypto listings with community votesHuobi remains committed to upholding the principle of impartial listing and respects the choices of all users. It aims to establish a digital asset trading platform that is compliant, secure, and transparent. It returns the listing right to community users by allowing them to decide which tokens can be traded on Huobi. Launching PrimeVote not only identifies the most popular tokens and ensures listing quality but also maximizes the transparency and fairness of the listing process.To date, Huobi has successfully conducted seven rounds of the PrimeVote event by establishing a unique method for token listing. Looking ahead, Huobi will further refine event rules and introduce innovative features.About HuobiFounded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. Huobi serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.Company Websitehttps://www.huobi.comContactMichael [email protected]
273 days ago • cryptodaily
Arbitrage of cryptocurrencies using bots. How profitable is it in 2023? Top 5 best cryptocurrency arbitrage services today.
Nowadays, no one manually searches for crypto spreads anymore; everyone uses bots for cryptocurrency arbitrage. There are two types of arbitrage bots: automatic and manual.
What are the differences?
Automatic arbitrage bots are bots where you set limits on spreads, coins, and exchanges. The bots themselves place orders or buy cryptocurrencies. All automatic bots work through APIs. Due to this, the risk of using automatic bots is significantly higher since you are essentially granting access to your funds to a third-party application.
Manual arbitrage bots are bots that provide information on spreads through separate applications, messengers, or even SMS. You still choose the limits, coins, and exchanges.
Today, we will review arbitrage bots and rank them based on the following criteria:
1. Security
2. User reviews
3. Functionality
4. Prices
5. Additional features
We will evaluate each criterion on a 5-point scale and calculate the arithmetic mean to determine the best cryptocurrency arbitrage bot.
ArbitrageScanner
Let's start with the first-place bot - ArbitrageScanner with a rating of 4.8.
This service supports 60 CEX exchanges, 40 DEX exchanges, and more than 30 blockchains! The service even supports local exchanges in Turkey, Korea, and Latin America. Let's break down why it is ranked number one for cryptocurrency arbitrage scanning.
1. Security: 5/5
ArbitrageScanner is a manual cryptocurrency arbitrage bot. It sends you notifications about exchange rate differences on Telegram. This bot works without requesting API access, meaning all possible risks associated with your funds are eliminated. All exchanges connected to ArbitrageScanner have been verified and are safe to use.
2. ArbitrageScanner.io reviews: 5/5
We couldn't find any significant negative reviews online. There were a couple of users who were dissatisfied that the service wasn't working, but we verified that the project's official channels mentioned technical work, updates, and expanded functionality. Users' reviews in personal blogs are positive, and reviews from news resources are also positive.
3. Functionality: 5/5
The scanner works with a vast number of CEX, DEX, and blockchains. It is the most accurate scanner based on our measurements, always showing you the current cryptocurrency prices on exchanges. This alone gives it a high rating, but the service's development team has also created a screener for cryptocurrency arbitrage, which we'll discuss further in the Additional Features section.
273 days ago • cryptodaily
Arbitrage of cryptocurrencies using bots. How profitable is it in 2023? Top 5 best cryptocurrency arbitrage services today.
Nowadays, no one manually searches for crypto spreads anymore; everyone uses bots for cryptocurrency arbitrage. There are two types of arbitrage bots: automatic and manual.
What are the differences?
Automatic arbitrage bots are bots where you set limits on spreads, coins, and exchanges. The bots themselves place orders or buy cryptocurrencies. All automatic bots work through APIs. Due to this, the risk of using automatic bots is significantly higher since you are essentially granting access to your funds to a third-party application.
Manual arbitrage bots are bots that provide information on spreads through separate applications, messengers, or even SMS. You still choose the limits, coins, and exchanges.
Today, we will review arbitrage bots and rank them based on the following criteria:
1. Security
2. User reviews
3. Functionality
4. Prices
5. Additional features
We will evaluate each criterion on a 5-point scale and calculate the arithmetic mean to determine the best cryptocurrency arbitrage bot.
ArbitrageScanner
Let's start with the first-place bot - ArbitrageScanner with a rating of 4.8.
This service supports 60 CEX exchanges, 40 DEX exchanges, and more than 30 blockchains! The service even supports local exchanges in Turkey, Korea, and Latin America. Let's break down why it is ranked number one for cryptocurrency arbitrage scanning.
1. Security: 5/5
ArbitrageScanner is a manual cryptocurrency arbitrage bot. It sends you notifications about exchange rate differences on Telegram. This bot works without requesting API access, meaning all possible risks associated with your funds are eliminated. All exchanges connected to ArbitrageScanner have been verified and are safe to use.
2. User reviews: 5/5
We couldn't find any significant negative reviews online. There were a couple of users who were dissatisfied that the service wasn't working, but we verified that the project's official channels mentioned technical work, updates, and expanded functionality. Users' reviews in personal blogs are positive, and reviews from news resources are also positive.
3. Functionality: 5/5
The scanner works with a vast number of CEX, DEX, and blockchains. It is the most accurate scanner based on our measurements, always showing you the current cryptocurrency prices on exchanges. This alone gives it a high rating, but the service's development team has also created a screener for cryptocurrency arbitrage, which we'll discuss further in the Additional Features section.
4. Prices: 4/5
The minimum tariff costs $70, but we recommend paying attention to the Expert tariff at $399. It is ideal for both beginner and expert arbitrage traders. Opting for a more expensive tariff provides increased limits, allowing you to set up 30 different coins simultaneously, 15 different Telegram channels, and more. What caught our attention the most is that this tariff includes free access to the second service we mentioned earlier - the Arbitrage Screener. Additionally, you gain access to an arbitrage trader community, where experienced specialists share successful strategies, insights, and current spreads that can be profitable. The price of $399 doesn't seem too high, especially when you are offered numerous earning opportunities. There is also a free trial available.
5. Additional features: 5/5
Under additional features, we consider what the service offers besides its main product. ArbitrageScanner provides numerous additional functions.
- Closed chat for arbitrage traders, where both the scanner team and the community share cases and hot opportunities.
- Educational materials, providing training on how to use the scanner, real cases, how to find arbitrage opportunities, and how to set up the service.
- Screener: This is the second product available to users with Pro and higher subscriptions. It displays all possible spreads that you set up across different exchanges and coins. This tool complements the scanner perfectly. You configure the screener to find the exchanges and coins with the largest spreads at that moment. Then, you switch to the scanner, set the settings for those exchanges and coins, and it shows you the most current spreads. Perfect for those who want to earn profits!
- The website offers a free profitability calculator for arbitrage. Even if you don't have a subscription yet, you can calculate how much you can earn on arbitrage with a specific cryptocurrency.
- Some users have been given access to beta testing of another product called Telegram Scanner. This tool allows you to search for all mentions of your chosen cryptocurrency or topic in all Telegram chats. It sends all mentions of your keyword to a separate chat, and with a single click, you can respond to the original messages.
3Commas
In second place, we have 3Commas with a rating of 4.2.
This is one of the most popular automatic bots at the moment, suitable for cryptocurrency arbitrage. However, it has its small downsides:
1. Security: 4/5
While this bot has not been associated with fund theft or hacking, we cannot give it the highest rating. It uses APIs for operation, like all automatic bots, which poses a security threat to your finances.
2. User reviews: 4/5
User reviews are generally good, but there are negative reviews regarding the service's performance. Some users complain about the delayed support response, but we do not consider these to be critical drawbacks of the project.
3. Functionality: 4/5
The service offers automatic arbitrage, but only on a single exchange. Due to the large number of users, it is very difficult to automatically earn profits using this service as there is significant competition among arbitrage traders using the same bot. There is inter-exchange arbitrage available on 16 CEX exchanges, but compared to the number supported by the first-place service in our ranking, this seems very limited. Moreover, 3Commas does not support DEX exchanges, which are now considered the new frontier for arbitrage opportunities.
4. Prices: 5/5
The service offers a 7-day free trial, which is much longer than its competitors. The tariff prices range from $29 to $99, which is quite competitive for the services provided.
5. Additional features: 4/5
This is the most interesting aspect, considering what additional features each product offers. 3Commas provides:
- 5 bots for manual trading and 9 for automatic trading, but most of them are available in the highest subscription.
- A demo account where you can try out your strategies.
- An internal portfolio rebalancer.
Bitsgap
In the third place in our ranking is Bitsgap with a rating of 3.6.
This is an automatic bot that supports 15 CEX exchanges.
1. Security: 4/5
As we mentioned before, automatic bots are not safe to use. Here, we encounter the first confirmation of this statement. Some users reported that funds went missing from their accounts. It could be malicious competition, but we cannot overlook these statements.
2. User reviews: 3/5
User reviews are mixed, with complaints about poor support, delayed bot performance, and some exchanges periodically not functioning. As mentioned before, there are also claims about missing funds. On the other hand, some users did not experience such issues. While we cannot recommend using this bot, we also cannot claim that it is developed by dishonest developers.
3. Functionality: 4/5
The functionality does not stand out among automatic arbitrage bots. It supports 15 CEX exchanges and lacks DEX exchanges. Otherwise, it duplicates or even lacks certain features compared to 3Commas.
4. Prices: 5/5
The minimum tariff is $23, and the maximum is $119. The difference between tariffs is minimal, and in the market, this is a relatively high price for the services provided.
5. Additional features: 2/5
The service offers an arbitrage profitability blog and knowledge base, and unfortunately, that's all the additional functionality it provides.
Coinrule
In fourth place on the list of arbitrage bots is Coinrule with a rating of 3.4.
This is an automatic bot for arbitrage that supports 10 CEX exchanges.
1. Security: 2/5
Once again, this is an automatic bot that uses API. There are also articles about users of this bot losing their funds, but we cannot vouch for the accuracy of this information. It could also be the work of competitors, but we cannot ignore these claims.
2. User reviews: 3/5
User reviews are mixed. Many find it challenging to work with, even for experienced arbitrage traders. There are also negative reviews about missing funds, as mentioned earlier.
3. Functionality: 4/5
The bot supports only 10 CEX exchanges, and configuring it requires significant effort. Its functionality does not stand out compared to other automatic bots we reviewed today.
4. Prices: 5/5
The price for this product is $30 - $450 per month, which is above average considering the intuitiveness of the service's management and prices for similar features among competitors.
5. Additional features: 3/5
- Marketplace of arbitrage strategies
HaasOnline
In the fifth place in our ranking is HaasOnline with a rating of 2.8.
It is also an automatic bot that shows spreads between four 24 exchanges.
1. Security: 3/5
Since it is an automatic trading service, security is at an average level. This service has not been involved in hacking or fund theft from its users. Like any other automatic bot, it also requires API access.
2. User reviews: 4/5
User reviews are mixed. Many share their success stories of earning with this service, but there are also users who claim to have lost their funds. Some even reported that they couldn't make their subscription profitable using this bot.
3. Functionality: 2/5
This bot supports only four of the most popular exchanges, resulting in high competition among arbitrage traders and users of the service. This makes finding good spreads more challenging.
4. Prices: 2/5
The price for this product is $9 – $149 for a month, a reasonably acceptable price for what this bot provides.
5. Additional features: 3/5
This service offers additional features available to users:
- A demo account where you can try out your strategies.
Cloud server (it's not safe)
We have highlighted some arbitrage bots that we believe are the most comprehensive and reflect the cryptocurrency arbitrage market. We recommend trying out ArbitrageScanner, even if you have used other bots that are not in our top list. We believe it is truly a market leader that other services will adapt to.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
305 days ago • cryptodaily
Uniswap v4 Depends On Ethereum's Cancun Upgrade
The latest statement from the Uniswap Foundation has claimed that the launch of version 4 of the protocol depends on Ethereum’s upcoming Cancun upgrade.
Cancun, Audit, Then V4
The Uniswap Foundation recently put forth an announcement elaborating its plans for the much-awaited Uniswap v4 protocol. Although the foundation’s Governance Lead, Erin Koen, has disclosed that the launch is scheduled for later this year, the fact is that a lot depends on the successful deployment of Ethereum’s upcoming Cancun upgrade, which is scheduled to go live around the end of September.
Uniswap v4 will also require thorough auditing before it goes live, a process that can only start after Cancun and can take as long as one to four months.
V4 To Reinvent Uniswap
The v4 launch will bring forth a major reinvention for the Uniswap platform, which is already the largest decentralized exchange protocol. One of the most noteworthy changes that will be incorporated will be “hooks” or smart contracts that can enable additional customization of the protocol’s liquidity pools to create a more modular exchange structure through features like dynamic fees, on-chain limit orders, and tailored on-chain oracles.
Another revolutionary feature that is to be incorporated with the v4 launch is a “flash accounting” system, which will reduce fees for liquidity providers and is being predicted to contribute significantly to gas savings. This mechanism leverages "transient storage," which will be activated by the proposed EIP-1153 change in Ethereum's protocol, set to be integrated during Cancun.
Additionally, in contrast to the v3 model, which involved transferring assets into and out of pools after each swap, the new method will only transfer net balances.
Roadmap For V4
For now, the next “protocol code frozen” stage will focus on incorporating the EIP-1153 into the protocol code for the next version. Ideally, the EIP-1153 will be successfully integrated into Etheruem’s Cancun upgrade, which will allow the Uniswap Foundation to roll out the v4 protocol.
Koen has claimed that the foundation will not be rushing the process and instead take the necessary time to do due diligence and ensure the integrity of the Uniswap ecosystem and user safety. Therefore v4 launch will only go ahead after the necessary parameters are satisfied.
The Ethereum community is eagerly anticipating the upcoming Cancun upgrade, fueling even more excitement for the potential advancements in the next version of Uniswap. This pivotal moment holds great significance for the DeFi space, as these developments have the potential to reshape the industry and reinvent decentralized exchanges.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.