Trybe is currently undergoing the token sale for 100 million tokens @ 0.01 USD. The funds raised will be used to develop the website and the community. The Question is, being the community member how can one help the Trybe Team on this and also make some profit out of it. Here is the solution, called arbitrage strategy.
What is Arbitrage Trading Strategy?
Arbitrage is also called as risk less profit strategy which involves buying and selling of asset in different market. Where the prices of the same asset differ in different market, the strategy is to sell in the market where the prices are higher and buying in the market where the prices of lower.
How to make risk less profit from Trybe Token Sale?
Say for examples you are currently holding 10,000 Trybe tokens in your EOS wallet.
Step 1 : Sell the Trybe in exchange. You will be able to realize (10,000*0.0035) = 35 EOS
Step 2 : Buy the Trybe in the Token Sale. You will get (35 EOS* 520)= 18200 Trybe
That is it. By this strategy you will be able to increase your trybe holding from 10,000 to 18,200 i.e 80%(+/-) increase.
Risk Involved : Liquidity Risk
Liquidity Risk means not being able to sell the asset for the specific duration.
The Trybe purchased through token sale will be locked up to next July 2019. Thus this strategy is for long term investor’s who are thinking of holding trybe for next 6 month and not for Short Term Trading.
The Trybe token purchased through token sale will be eligible for staking and the airdrop. Thus only risk for a long term investor is, not utilizing this strategy to increase the trybe token holdings.
Advantage to community and Trybe Team
This process will help the trybe team to raise funds faster thereby implementing of the future plans will be easier. Let make sure the trybe team will be able to raise their 1 Million USD at earliest.
Disclaimer : I am not a certified investment planner. The above strategy if only my opinion. Please careful undertake your own due diligence before executing the trading strategy .
Comment and Votes will will be appreciated is you like it or planning to execute the strategy