https://steemit.com/coss/@spielley/celt-coss-exchange-liquidity-token submitted by
CELT - COSS Exchange Liquidity Token
What is CELT, why is it created?
CELT is an ERC20 token that can be bought and sold at its contract. It's created to fund a bot that operates on the COSS exchange. The bot takes the form of being a market maker. It detects how big the void is between buying and selling orders on the orderbook of a pair and decreases it, depending on the reserve it has. It decreases it by putting a buy limit order and a sell limit order within the void. When both these positions get filled the bot realises a small profit. If you want to trade you need a counterparty to trade with. If you don't have a counterparty to trade with, you can't trade, you'll need to trade at a price someone does want to trade at. The CELTbot tries to provide better prices for users to trade at instead of having to trade at a standard big loss due to the lack of standing orders on the orderbook.
Expanding functionallity with arbitrage
Because of the recent partnership with thaodehx where he's doing arbitrage between coss and Binance I decided to ask the CELT holders on reddit if I should add my own huobipro -COSS arbitrage bot into the game using CELT funds. After getting their opinions on this I finally booted it up yesterday with 0.5 ETH of my own and 30 OMG from the CELT wallet. Huobiprohistory is showing 130+ trades have been done since startup. Everybody wins with increased volume and profitable trades. The bot is active on all pairs in common between COSS and huobi.
Last week @aume27 created an improved spreadsheet for me to keep track of the Wallets funds and performance. I decided to actually start keeping decent track of the wallet perfomance in ether equivalent now it has been made easyer to do so and not as time consuming. I've added huobipro's wallet equivalent in bitcoin to todays calculation and will keep doing it that way. It's not there in the previous ones cause it's only been setup since yesterday.
Wallet holdings buildup:
Wallet Etherequivalent evolution:
) Keep in mind that the first 2 colums are creating a new baseline with the new reporting system. Do not be alarmed that we are down in ethequivalent value, we have been accumulating crypto during this downtrend we'll be back in profit when the limit sell positions on top get filled again. We accumulated all the way on the downtrend and are now back in uptrend, CELTbot works best in ranging markets where people just exchange with the bot and the bot gets more turnover. You can see that in a week time the etherequivalent has been uptrending now. Todays report is a bit off because of the Huobi wallet to BTC conversion, I expect it to flatten out if I keep reporting its contents the same way each day.
The overview graph:
Buy and sell CELT at its contract.
The easiest way to buy and sell CELT is if you use this site if you have metamask: https://celt.dvx.me/
Otherwise refer to the CELT launch post to buy with Myetherwallet: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
New funds use:
If you are buying CELT let me know where you want your funds to be used: - Increasing the orderbooks on coss and improving the spread of pairs - Increase the arbitrage part - If you want your funds to be only used to increase the orderbook of ETH/BTC for this is the heart of our COSS exchange. - Let me decide what's best use of the new funds
Example of the Bots new arbitrage trading:
) The first Trade happens on COSS and the 2nd happens on huobi. this is a 0.3146% diffrence in price. Deduct fees huobi: 0.2% and deduct fees COSS: 0.04% leaves us with +/- 0.0746% gain on a 0.1 LTC arb trade on LTC/BTC pairs.
Expanding arbitrage to other exchanges
If people are willing to fund this and if it is within my botting power to do so, I will be adding other exchanges to our dear CELTbot. First on my mind would be to add Kucoin to the fold as I can imagine a lot of pairs being in common. I would need to check to be sure how many there are. Since Thaodehx already has binance setup I will leave that one up to him as last I heard he was planning to move forward with the funding.
Some people keep thinking that CELTbot is the same as the COSSbot from the community COSSbot group. I did join their coding effort and provided an automated trading strategy. It's now available for alpha acces. More info about this here: https://medium.com/@jimmydeal/cossbot-alpha-testing-commenced-85af5824f50b
Further I am working on providing a freemium cossbot spinoff through https://accumulationbot.com/
When COSS releases API everybody will have acces to an accumulationbot and will be able to autotrade their coss account and accumulate their favorite crypto's!. I would still encourage everyone to join the alpha cossbot group as people in there will get a free subscription for an amount of time to accumulationbot.com. The site is still under construction and I can't ETA the actual launch of it.
The site owner is a COSS supporter and supporter of the coding effort for COSS, he is offering a 10% discount if you use the discount code SP10 at his store. So if you're looking for crypto related merch make sure to stop by his site to check out https://www.decentralgear.com/
- Add other exchanges to arbitrage feature upon specific funding
- Keep wallet reporting up to date
- Look for anything that could improve CELT
I hope you guys enjoyed this week's monster steemit update. Help me out by upvoting here and spreading the word.
Bitcoin is an electronic money that saw an incredible increase in 2017, its price rising up to 20,000 euros, but currently its price has dropped around 5,000 euros. (Photo Illustration by Chesnot ... In the wake of its record price high in 2017, which saw it reach close to $20,000, bitcoin experienced a series of crashes throughout 2018 that saw its value eventually drop below $4,000. Bitcoin ... Scammer Demands 300 Bitcoin From Binance in KYC Data Ransom - August 7, 2019. Bitcoin value: $11981.15 Bitcoin value 10 days later: $10220.6 View Event #129 on Chart. Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has ... Buy Bitcoin Binance Bitcoin Increase Chart ... Of Bitcoin Ira A Scam Buy Bitcoin Binance Crypto Currency Guide Can You Purchase Bitcoins Rise In Bitcoin Bitcoin Free Images Buy Bitcoin Binance What Is The Value Of One Bitcoin Via Coinbase What Is The Bitcoin Made Of . Buy Bitcoin Binance Bitcoin Ira A Scam Bitcoin Hardware Graphics Cards Bitcoin Mining Apps For Apple Bitcoin For Windows ... Binance Coin price today is $28.94 USD with a 24-hour trading volume of $342,902,657 USD. Binance Coin is up 5.45% in the last 24 hours. The current CoinMarketCap ranking is #7, with a market cap of $4,178,467,593 USD. It has a circulating supply of 144,406,561 BNB coins and a max. supply of 176,406,561 BNB coins. Bitcoin BTC price graph info 24 hours, 7 day, 1 month, 3 month, 6 month, 1 year. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP. Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more.
bitcoin value chart buy bitcoin with paypal bitcoin to euro bit queen bitcoin today cryptocurrency exchange current bitcoin price free bitcoin world free bitcoin generator bitcoin hack bitcoin ... In this video we will be Charting Bitcoin Live using Elliot Wave Technical Analysis. I'm an elliot wave trader in the cryptocurrency markets and focus my vid... “So end of 2021, I think Bitcoin will hit $100,000 in US dollar value. And really, the reason for that is a combination of the macro-environment with the halving structure… WILL BITCOIN DUMP TO $3000? BITCOIN VS GOLD CHARTS! CAN BITCOIN STORE VALUE? WHERE IS BITCOIN PRICE GOING? BITCOIN NEWS! BITCOIN PRICE PREDICTION! IN TODAYS VIDEO I ANALYSE THE STOCK MARKET TO ... Brandt said that if he looks at the Bitcoin chart “without bias” the new bottom is potentially “sub-$1,000”. That’s almost 80% below the current price, which is just under $5000. #Bitcoin rejected by the 200DMA (again)… Was that the big correction everyone was calling for? Millennials still prefer $BTC, unmoved BTC at all time high, Y... The Great Crypto Debate: Part II One year after Bitcoin hit nearly $20,000, what can we expect from crypto in 2019? Participants: Caroline Hyde (Bloomberg News) Joe Weisenthal (Bloomberg News ...