ARBIT-Market-Making-1425600


#1

Proposal Name : ARBIT-Market-Making-1425600
Owner : Arbit
Cost : 6200 BLOCK
Voting : Vote via the Proposal screen in the wallet

Previous Work :
ARBIT Corporation is a Canadian market maker in business since 2015 that has provided $220 Million of trading volume across 9 ALTCOINS to date. We have been providing services to the BLOCKNET community since 2016. We became an early investor in BLOCKNET and have a vested interest in the success and usage of BLOCKNET. We are most excited about the potential of BLOCKDX and are eager to increase liquidity and trade volume on the major cryptocurrency tokens on the BLOCKDX platform.

  1. January 2020 our total trade volume was $21,497 USD equivalent . (Using 2020-02-01 spot prices)
  2. February 2020 our total trade volume was $32,659 USD equivalent . (Using 2020-03-17 spot prices)
  3. March 2020 our total trade volume was $83,115 USD equivalent. (Using 2020-04-14 spot prices)

Overview :
To provide robotic API 24/7 market making services with human supervision and up to $100,000 of our own capital consisting of BLOCKNET, BTC, LTC, DASH, DGB and USDT. Our goal is to increase liquidity and trading volume of BLOCKNET across both Centralized Exchanges and BLOCKDX totalling 9 order books:

Continue Market Making on:

  1. Bittrex BTC-BLOCK (https://global.bittrex.com/Market/Index?MarketName=BTC-BLOCK )
  2. Digifinex BLOCK/USDT (https://www.digifinex.com/en-ww/trade/USDT/BLOCK)
  3. Digifinex BLOCK/BTC (https://www.digifinex.com/en-ww/trade/BTC/BLOCK)
  4. BlockDX LTC/BLOCK
  5. BlockDX BLOCK/BTC
  6. BlockDX LTC/BTC
  7. BlockDX DASH/BLOCK
  8. BlockDX DASH/LTC
  9. BlockDX DGB/BLOCK

Capital Requirements :
ARBIT will devote a minimum of $20,000 of capital to keep orders up 24/7 across all order books above. The BLOCK cost we are asking for above would cover both human resources to monitor market making as well as any losses incurred to maintain reasonable spreads of 5% or less.

Deliverable for Reporting Period : 2020-03-12 20:21:56 through 2020-04-13 18:36:34

1. Trade volume by trading pair (base and quote currency)

BLOCKDX :

total_volume_base_currency
BLOCK/BTC 4915.20553
BLOCK/DGB 0.00000
DASH/BLOCK 0.50000
DASH/LTC 0.00000
LTC/BLOCK 690.67525
LTC/BTC 0.00000

total_volume_quote_currency
BLOCK/BTC 0.62795375
BLOCK/DGB 0.00000000
DASH/BLOCK 36.24540000
DASH/LTC 0.00000000
LTC/BLOCK 34706.11906429
LTC/BTC 0.00000000

Bittrex and Digifinex :

total_volume_base_currency
BLOCK/BTC 53671.509
BLOCK/USDT 2966.780

total_volume_quote_currency
BLOCK/BTC 6.9227715
BLOCK/USDT 2031.7325799

2. Trade counts by trading pair

BLOCKDX :

trade_counts_by_pair
BLOCK/BTC 49
BLOCK/DGB 0
DASH/BLOCK 2
DASH/LTC 0
LTC/BLOCK 214
LTC/BTC 0

Bittrex and Digifinex:

trade_counts_by_pair
BLOCK/BTC 310
BLOCK/USDT 53

3. Total trade counts by exchange (currently: blockdx, bittrex, digifinex)

blockdx 265
bittrex 224
digifinex 139

4. Error counts on BlockDX

19

BLOCKNET address for deposit :
BZvcgfhGazLpYXN8Nag2RkH124T9Wmic2P