Topic: #️⃣ [ANN] ✨ [WCC]  #️⃣WCode - Arbitration Platform 📈 - page 3. (Read 1375 times)

I think it will be implemented next year after the launch of the exchange and the application, but I would like to hear from official representatives

here is an email to contact the team [email protected]

thank you very much, this is what we were waiting for I will definitely join in monitoring news about the project

Thanks let me clarify points 5, 7 and 8 in one paragraph.

There are two ways to do arbitrage. Strictly speaking arbitrage is the simultaneous buy and sell on different exchanges requiring accounts to be stocked upfront, doing transactions and at certain intervals doing a settlement to set accounts back to the original amounts. This also removes waiting times. The second option is to buy on the one exchange, and sending the coins to another exchange to sell and in the process make a profit. This option is exposed to waiting times for coins to confirm and moving from one exchange to another and risks of the arbitrage window to disappear while waiting for coins to confirm. The second option is also exposed to exchange withdrawal fees (network transaction fees) per transaction that needs to be taken into account. No use in making a small arbitrage profit but paying more for the withdrawal fee from one exchange to another. From what I gather you will be doing option 2.

Does the project have a roadmap? If yes, where can I find out more information about it and at what stage the project is now?

When are you planning to develop mobile version of your program? Will it take a lot of time?

Yeah, I was looking for it too

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What good news. It's very nice that you've responded to user requests. This will greatly simplify the communication between users and developers.

Now we have a Telegram! Theme has been updated.

Thank you for the feedback. But I can't find the contact information.

Hello, very good questions.
1. Regarding exchanges, we are focused on our exchange, which will be released in early 2020, but we are also negotiating with other exchanges. We are not limited in exchanges and of course, they will not be one.
2. At the moment, the API key will be used only for calculating information both from exchanges and from a service such as Coinmarketcap.
3. All API keys can be configured in the "Settings" section of the program.
4. The program will not trade using your APIs
 keys. The program will only provide information for the transaction, and the user will decide whether to conduct such a transaction or not.
5. The question is not entirely clear. If we understood correctly, then the user will need to replenish accounts outside the program, on the exchange himself, and not through the program.
6. The approximate retention time will be in real time based on price glasses.
7. Coins will be moved between purchase and sale transactions
8. The program will know in advance the amount of commissions on exchangers, so it will take them into account in advance and show profitable transactions.
9. Our program analyzes only those coins on which there is no service or any other problems.

Regards, WCode Team

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Dear ataArt. You can write to us by e-mail and we will consider your offer.

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The program will be available for Windows, Mac OS and Linux, it will also be developed for Android, then for IOS.

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The telegram channel will definitely.

guys and what is there to hear about the creation of telegrams of channels? like they wrote earlier if a couple of people subscribe then they will create and we seem to have signed up more

It's a pity that the telegram is missing from the project. Representative of the project would have received the notification long ago and we would have read the answer long ago

For which devices will the program be available?

unfortunately, as I said, I have no connection with the team, but I’m sure that a representative will come soon and answer all the questions that have accumulated

maybe you have access to the team and you can share contacts with us

The idea is good and is something I would find useful, however there are many questions that I have regarding the actual functionality which would either make it useful or not:

1. Are you going to limit it to just a few exchanges?
2. Will you be using your central API key just to pull the information you need for calculation?
3. Will the user have to program his or her own API keys into the program?
4. Will you just give the answer and then the user has to do the transaction on his or her own outside of the program or will the program do the transactions on behalf of the user with full trading API keys of the user?
5. Will the user need to (a) fund the exchange accounts with all relevant coins including BTC or (b) will the coins still need to be moved to the relevant exchange?
6. If 5 is (b) how will you account for block times and confirmation times in the movement of coins between exchanges?
7. Will coins be moved between buy and sell transactions or will transactions be simultaneous on both exchanges utilizing pre-funded coins, with settlement end of day or after a period of time?
8. How will you account for transaction fees as sometimes there is arbitrage but transaction fees are higher than the gain. Therefore transaction fees will negate arbitrage up to a certain threshold after which it becomes profitable. The frequency of settlement also plays a role here.
9. How will you take into account blockchains that are stuck or coins that are under maintenance on exchanges? Many times arbitrage develops because of an issue with the coin on the one exchange and market forces cannot keep things in equilibrium because of the issue. This could create a false arbitrage result and the coins could actually get stuck in transit.

I would appreciate your answers to these questions to understand your project better.

most likely yes, try to write him a personal message and find out information from him, he created this thread, he probably has a connection with the team

But whom I should write to? Is popox an official representative?

both of you need to contact the developers and to organize a contest in which they will determine the winner of the interface translation

it’s good when they come to the forum not to collect money, but simply to inform people about their coin and the finished product, I’m waiting for the exchange to purchase and test your application