Market Making Services - 1339200


#1

Cost: 2,500 BLOCK

We are providing market making services right now and are asking for our costs to be covered in order to continue. Our intention is to re-apply monthly for ongoing market making services.

Please feel free to provide feedback, and it is very much appreciated because we plan to be part of the BLOCKNET community for the long-term.

BLOCKNET address for deposit:
BjpgeNTjC4aHXNpR5nhoRYP82mMz6NN683

Previous Work and About us:

ARBIT Corporation is a Canadian market maker in business since 2015 that has provided $220 Million of trading volume to 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.

We began in April, 2019 to add liquidity to BLOCK markets on Bittrex and Digifinex to total $446,442 USD of trading volume over 3,889 trades. In Jan 2020 our total trade volume was $21,497 USD.

Overview:

To provide robotic API 24/7 market making services with human supervision and $20,000 of our own capital consisting of BLOCKNET, BTC, LTC and USDT. Our Goal is to increase liquidity and trading volume of BLOCKNET across both Centralized Exchanges and BLOCKDX totalling 5 order books:

Item 1: To continue Market Making on 2 Exchanges and 3 order books:

  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)

Item 2: To begin market making on BlockDX order books:

  1. BLOCK/LTC
  2. BLOCK/BTC

Capital Requirements: ARBIT would devote $20,000 of Capital to keep orders up 24/7 across all 5 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: ARBIT will provide a monthly report.