CoinMarketCap New Arbitrage Deal
CoinMarketCapWelcome to my official arbitrage page! 😄
Glad you found your way to this community channel. I offer you some of the best arbitrage opportunities to make profit here! With the recent rise of DeFi and Currency Swap Smart Contracts, some great arbitrage opportunities have been created that we can take limited advantage of!
These opportunities are highlighted here to share with you and show you step by step how to exploit them. And what is the best thing about arbitrage? It is a risk-free strategy that usually takes only a few minutes to achieve very high profits.
I look forward to sharing the strategies with you and letting my community participate, We will and can all make big profits!
🚨 PROFITABLE CHAINLINK ARBITRAGE POSSIBILITY 🚨
👉 We've just updated our arbitrage opportunity. Many of our community members already made huge profits. Read the text below to find out more!
🔺 STATUS: Updated and Working ✔️
🔺 PROFIT: About 45% ✔️
🔺 RISK LEVEL: Risk Free ✔️
We're bringing you an updated step-by-step guide for a new arbitrage opportunity we found recently. This arbitrage involves Ethereum(ETH) to ChainLink(LINK) swap. By the current market price the profit is about 45%! That means we can turn every 1 ETH to about 1.4 ETH in a few minutes only.
👉 Is this legit? Is there any risk with this strategy?
Yes, it's completely legit. There's no risk, because we'll be using a proven and trusted Ethereum smart contract directly. Essentially we'll be swapping ETH to LINK on a decentralized platform called Bounce.finance. It's a platform used by thousands of people for automatic token swaps. The ChainLink(LINK) tokens are locked there at a fixed price of 1 ETH = 300 LINK, that's about 45% profit compared to the market price on Binance. The smart contract swaps us the ETH to LINK automatically, so we don't have to worry about not getting the LINK tokens in return. That's what's so great about decentralized smart contract swaps, they're risk free and can provide profitable arbitrage opportunities.
🔴 Step-by-step Instructions
1. We'll need Ethereum (ETH) for this arbitrage opportunity. In case you don't own any, feel free to buy it on any of the popular exchanges such as Binance, Coinbase etc. Make sure to have at least 1.05 ETH (1 ETH is the minimum swap amount + a little more to cover transaction fees). In order to see the correct fee your ETH has to be in your wallet already.
2. I highly recommend to use the Metamask wallet. It's a browser extension for the Chrome browser. You can install the Metamask wallet using the following links, depending on which browser you have installed:
🔺 Chrome: Click Here
🔺 Firefox: Click Here
🔺 Microsoft Edge: Click Here
3. Set up your wallet and don't forget to backup your security seed phrase. After setting up the wallet send your ETH to it.
4. We'll use a platform called bounce.finance for the swap. It's a decentralized platform that works as a swapping smart contract. Go straight to this URL of the swap and connect your wallet:
⚠️ATTENTION️⚠️-If you are in the USA, you may need to use VPN to switch your IP to other countries.-⚠️ATTENTION️⚠️
5. Fill out the amount you want to swap. The minimum is 1 ETH, however I can highly encourage you to swap a higher amount. There currently is a limit of 100 ETH per wallet, so make sure to take advantage of it.
6. Click on "Go" and confirm the transaction in Metamask. You'll need to wait for the transaction to get confirmed. After that the LINK tokens will be transferred to your Metamask wallet immediately. To see your newly swapped ChainLink tokens you might need to add them manually. Go to MetaMask wallet -> "import Tokens" -> "Custom Token" and paste there LINK contract address:
0x4957AC55D0FBDF2AF5C12CFA1A2C20A4D371716D
Click next to proceed. You will be directed to confirm adding token. Click "Add Custom Token" to confirm. After doing that, you'll see your LINK balance in your MetaMask wallet and be sure that the swap was successfull. Now you can go ahead and swap a higher ETH amount to maximize your profits, you can make multiple swaps from the same MetaMask wallet.
7. After finishing the swap (or multiple swaps) you have two options. You can either hold your LINK tokens or sell them on Binance or another exchange. The current price is about 1.45 ETH for 300 LINK (about 45% profit over the fixed swap ratio on Bounce.finance).