ArbiDex

Inspiration

We wanted to create a bot that makes profits regardless of the market and cannot make losses.

What it does

We created an arbitrage bot specialized in ICR tokens. This means that with every trade we generate more volume for the platform, which in turn increases liquidity and pulls ICR tokens out of the market and into the liquidity pools. With more liquidity in the pools, we can trade more and larger arbitrages again and thus increase the profit again, which in turn benefits the NFT holders and the platform.

How we built it

The arbitrage bot is deployed on the Tron blockchain because there you can trade for free if you freeze tron for energy. We paired ICR to several other top Token what gives us more opportunities to find arbitrage routes.

Challenges we ran into

For arbitrage you need liquidity and 2 different DEX. InterCrone Swap is already one of the Top DEX on Tron but still its hard to run profitable Trades because of the lack of liquidity.

Accomplishments that we're proud of

InterCrone Swap is the Top liquidty provider beside Sunswap for the Top 20 Tokens on Tron. Since we change our Arbitrage conctract the volume for InterCrone has increased by 1000%. As a result, we are already generating at least 1 USDT fee in 24 hours on our secondary market on Sunswap

What we learned

In Bear Market its five times harder to built a project what depend on liquidity when you dont get any help from the Top Projects that you already support with volume and liquidity.

What's next for ArbiDex

During the Hackaton we work on an update to optimize the routing, also we want to provide a page for the user to get to make the profit call Lets go multichain.