NOT — an opportunity to make money on arbitrage
Notcoin is a game project on the TON ecosystem using Telegram messenger as a technical platform.
On April 16, trading of the NOT token will be launched and users will have a potential opportunity to make money on the difference in the price of the asset on different platforms.
If you have not previously encountered cryptocurrency arbitrage and do not know what it is, we advise you to read the following article:
In this guide, let’s consider what preparatory actions are worth doing, as well as what scenarios of possible earnings from arbitrage may arise after listing the token.
Guide to a possible arbitrage opportunity
Possible arbitrage opportunity
- Buy NOT token cheaper on one decentralized exchange.
- Sell it more expensive on a centralized or another decentralized exchange.
- Repeat the above actions.
Preparation and familiarization with decentralized exchanges on TON
- First you need to download the wallet, you can do this on the website:
- Customize it and write down the secret phrase.
- First let’s consider the DeDust exchange, buying and selling tokens is done on the Swap tab:
- The second exchange — STON.fi — has a similar functionality to the previous platform:
- Also on the TON ecosystem there is a derivative exchange Storm, which allows you to trade with leverage up to 50. To do this, select an asset, enter the amount, leverage and click on Long/Short:
- Also, as written above, you can use centralized exchanges for arbitrage. Here’s a list of the ones where the NOT token will need to be traded, right after listing:
In case you haven’t used these exchanges before, it’s worth registering and KYC before trading begins.
Conclusion
Before taking action, it is worthwhile to study this type of earning, as well as to prepare. After that, it is important to evaluate the difference in price and, at your discretion, start arbitrage.
Highlights:
- installing and customizing the wallet;
- study the functionality of exchanges;
- register and pass KYC on centralized exchanges.
If you have any questions while going through the activities, you can ask them in our Telegram chat.
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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