TL;DR (Summary)
This is one of our first forays into articles on how to use (and what to expect from) our Qobit platform. We are releasing a feature that will notify you about token listing events, and let you purchase the token directly from another exchange in one single interface. If you understand the merits and advantages of such feature, kudos to you, sign up for our beta release waiting list now. If you still feel confused, please read on and let me explain why this is a must-have advantage that you should have as a crypto trader.
Introduction
At Qobit, we decide to periodically share soon-to-be-launched features of our platform starting today. This post is one of the first articles in our mini-series, which we will share at a regular cadence in the coming weeks. In each post, we will discuss the rationale and reasons that go behind into each feature we intend to offer on Qobit, and how the said feature could help rookie investors and experienced traders alike in the crypto market.
What is Qobit?
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Qobit aims to democratize cryptocurrency and digital assets investment, making it accessible to people from all walks of life. We feel that with the right amount of prudence and guidance, each of us would be able to reap the rewards and profits in cryptocurrency investment.
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How News and Events are affecting market prices
Unlike traditional markets, Crypto has no geographical boundaries. One single news or rumors in any corner of the world could either make or break the market. For instance, the ban of ICO and Crypto by the Chinese authorities in September 2017 sent prices tumbling down by 69% overnight.
Likewise, the announcement from Binance (one of the biggest crypto exchanges) to list RavenCoin (RVN) on 11th of Oct 2018 caused the price of RavenCoin to immediately jump 38% upward in a 15 minutes timespan and a total of 72% for the day.
With all that in mind, this post will focus on Exchange Listing Events and how we could capitalize on such events to profit regardless if we are in a Bear or Bull market. We will also describe how our Qobit App, whose Beta release is set to be on Nov (sign up for waiting list here) will assist you in this sort of event-based trading.
Token Listing Events on Big Exchanges
Token listings in the crypto world is one of the more reliable events signals that we can attribute to crypto price changes. A token listing announcement from big exchanges (in terms of trading volume) like Binance, Bittrex, Bithumb or Upbit are seen as an endorsement from the exchange themselves. In some cases, it signifies the maturity and sophistication of the coin/token, in terms of the team, product, and user experience. Therefore, a listing decision on one of the biggest crypto exchanges will most likely generate immense interest, creating an upward pressure on the price of the token. Similarly, if an exchange decides to delist a token due to various reasons, chief amongst them being low trading activity, we could see instant sell-off on the token, driving prices of the token down immediately.
Case in point is when Bittrex anouced its decision to delist BitShares (BTS) on october 13th 2017, where we saw investors sell off the token frantically on the 3rd of October 2017 prior to the delisting event.
How to profit from Token Listing Events?
Based on our analysis on past exchange listing notifications, once a token listing is official, the said token will see a big flurry of purchases on other exchanges, pushing the price upwards, in anticipation for the listing event. Normally this will happen in the first 10 mins, and in some cases, continue throughout the day if the coin/token is really a promising and exciting project.
For the uninitiated, let me break this down to you and explain it in more detail. Cryptocurrency Exchanges normally list tokens on their own discretion, therefore, before a big exchange like Binance lists a token such as RavenCoin (RVN), it would have already been listed and traded at other exchanges for some time. On learning the announcement from Binance, crypto traders will flock to other exchanges and buy up the tokens in advance.
So, in order to profit from exchange listing events, there are the two criteria:
i) Learn about the Token Listing Announcement within 10 seconds
ii) Buy the token at another exchange within the next 1–4 minutes
This is indeed not a small feat considering that we don’t stare at the crypto trading terminal or latest news from exchanges all day long (We still have a life, remember? and a family? Hello?)
How Qobit helps you trade?
Imagine if an app that will notify you once a big crypto exchange made an announcement to list a token in split seconds. Upon notification you open the app, the app will show you all the necessary information for you to act on, and you can decide if you want to buy the token just right off the bat from the app, without going to another website or app. Would you like to use something like this?
At Qobit, we are incorporating this feature into our app’s beta release. We scan token listing event announcements from big exchanges like Binance, Bittrex, Bithumb etc across multiple channels, and once we identified a positive signal, we deliver them to you on your mobile immediately. Our app allows you to buy the token from another exchange directly. All of this could be consummated in a brief 2 minutes at most, the only limitation is probably your decisiveness and reflexes.
Below are the screenshots of our app:
First, we notify you
Second, you decide if you want to buy (if yes, click on trade)
Third, you put in the purchase order, and you are done!
Fourth, you wait until it reaches your target (+10%? +20%? +50%? ), then Sell!
Conclusion
As you can see from the steps outlined above, our App allows you to receive and respond to important events in the crypto world easily right from your mobile. In the next few weeks we will also analyse the Exchange Listing Events from a statistical approach. Stay tuned.
We are pleased to share that this feature is scheduled into our Beta Release (limited access) on the 10th of November 2018. Please signup for our waiting list here.
