Multibot ICO Review
The Multibot ICO review currently only has 9 days remaining after already raising over $500k.
https://multibot.io
What is Multibot?
The new bot aims to make it easier to trade cryptocurrency, the new bot claims to make users profit by being easy to use, eliminating manual labor and taking advantage of the volatility in the crypto market.
The bot allows users to use it from any PC anywhere in the world.
The Beta version of the bot has already been released which allows investors to test how it works before taking part in the token sale.
Unlike many ICOs which don't have a working product you can verify the product before investing.
The cryptocurrency market
The crypto market has grown quickly during 2017, the total market cap of all coins combined is now over $200 billion. Bitcoin is still the leader with over 50% of the market. However many smaller coins have quickly grown which has given opportunities for traders to make quick profits.
Many Forex traders have recently switched over to trading crypto due to the highly volatile nature which they love.
However with so many coins to watch this give users the problem of not having enough time to monitor them all. Multibot aims to automate the process for traders.
How does it work?
The bot takes advantage of Cloud technologies. Using the cloud it's possible to launch any number of instances with a dedicated IP address which is required with most exchanges.
Every new tool that the bot utilizes is thoroughly tested by the team behind the bot before it's released.
Multibot features
The new bot has a lot of features already and is planning to release a lot more in the near future.
Analytics
The cryptocurrency market has a lot of different exchanges with more popping up all the time. The rate of exchange can vary greatly on different exchanges.
The new bot pulls data from different exchanges and alerts the user to big moves on different exchanges, the easy to use interface allows the user to chose which exchanges and currencies you want it to focus on or allows you to monitor them all at the same time.
Signals
Singnals alert the user to sudden important changes on the market, the development team plan to use several different types of signal. They also plan to send out a manual message with the most important information.
They plan to allow the user to select how they'd like to be notified with options of SMS,email or phone being made available.
Auto buy and sell
The bot will allow users to set buy and sell orders that the bot will automatically execute, many exchanges have this feature already but some of the smaller ones still don't
Arbitrage
Arbitrage is when it's possible to sell a certain coin on 1 exchange and buy the same coin on another exchange to make a profit, this is often possible in the cryptocurrency market due to the high volatility.
The new bot will allow users to simplify this process and make the trades much quicker which is required when doing arbitrage.
ICO Details
- Token type: ERC20
- Price: $1, discounts are available.
- Token name: MBT
- Total supply: 25 million
Profit share
The new bot allows it's token holders to profit as it grows. At the end of each quarter 50% of the profits will be paid out to token holders.
Conclusion
It's unusual to find an ICO that actually has a working product these days, multibot can already be used for free with some of the features available.
The profit share offers token holders an additional way to profit aswell as just holding the tokens in the hope that the price rises.
The founders are also only receiving 3% of the funds that they raise from the ICO which is far lower than most ICOs.
Website: https://multibot.io
ANN thread: https://bitcointalk.org/index.php?topic=2248394
Whitepaper: https://multibot.io/whitepaper.pdf