Some time ago, some people in the circle used this strategy and made a lot of money. Today, I will share the ideas and operations, and directly share the practical stuff in three parts:
1. Combination of BounceBit’s smart contract automated trading and Binance coin news arbitrage
Real-time monitoring of market dynamics (scheduled PACHONG): Rent a cloud server and a scheduled PC to monitor various market dynamics including Binance listing news. Once there is a major listing news release, the smart contract can immediately analyze the market reaction, automatically adjust the purchase amount or perform risk hedging operations, and send trading signals to the BounceBit quantitative trading platform.
Accurately execute trading strategies (platform executes trading signals): BounceBit platform uses smart contracts to realize automated trading, which can operate strictly according to preset strategies. When Binance releases news about the listing of a new coin, the smart contract can quickly adjust the trading strategy automatically according to the market reaction. For example, if a new coin is listed on Binance and the market is optimistic, the smart contract can automatically trigger the buy operation at the first time to avoid human emotions and misjudgment.
Improve transaction efficiency and transparency: Automated trading not only improves transaction efficiency, but also increases transparency. All transaction records can be queried on the blockchain to ensure fairness and traceability. In the process of tracking Binance coin news arbitrage, it reduces the problems of handling fees and slippage caused by manual operations.
2. BounceBit’s revenue distribution mechanism supports arbitrage strategies
Fair and reasonable distribution principle (strategy replication and reasonable sharing of profits): The platform adopts a fair profit distribution mechanism. When using Binance News to arbitrage, factors such as the liquidity provided by users and trading activity will affect the profit distribution. For example, in liquidity mining, the more liquidity users who participate in Binance News related transactions provide, the more rewards they will receive. Taking the platform's recent liquidity mining activities as an example, in the first month, users who participated in Binance News arbitrage received rewards based on the proportion of liquidity provided. Among them, the top 10% of users who provided the highest liquidity received an average profit of up to US$10,000 per person. Since the launch of the activity, more than US$10 million in profits have been distributed to users.
Automated distribution process (be aware of the risks here!): Smart contracts automatically execute profit distribution. When profits are generated by following Binance listing news and trading, they will be automatically distributed to users according to preset rules, reducing human errors and disputes.
Encourage users to participate in ecological construction: Through a reasonable profit distribution mechanism, users are encouraged to actively participate in the platform ecological construction. Users can obtain more benefits by providing liquidity, participating in arbitrage trading of Binance coin news, recommending new users, etc., forming a virtuous circle.
3. BounceBit’s application prospects in the CeDeFi ecosystem and the synergy of Binance coin news arbitrage
Promote the integrated development of CeDeFi: BounceBit’s automated revenue management mechanism provides support for the development of the CeDeFi ecosystem. Combined with Binance currency listing news arbitrage, the efficiency of traditional finance can be combined with the innovation and transparency of decentralized finance to provide users with better financial services. Since its launch in late January 2024, BounceBit has performed significantly, with total locked value exceeding $100 million by early February, of which over $70 million was pledged in Bitcoin. With business expansion and the introduction of innovative financial products, as of November 2024, the total revenue in the CeDeFi ecosystem has exceeded US$50 million.
Expand the boundaries of financial services (self-imagination O(∩_∩)O haha~): The application prospects of the platform are not limited to digital currency transactions. Combined with Binance coin news arbitrage, it can be expanded to supply chain finance, insurance, lending and other fields to achieve automated risk management and profit distribution.
Promote financial innovation (pattern): Provide broad space for financial innovation. Developers can develop more innovative financial products and services based on the platform's smart contract technology and combine the arbitrage needs of Binance's coin news to attract more developers and users to participate.
#BBCeDeFi @BounceBit
$BB
