Hello Guys!
I have a different subject to bring up today, I’ll be going through how I negotiate in the IMX (or Tokentrove) my own assets! Also, this method I’m going to be showing helps grow our $GODS effective value.
Maybe we can have $GODS worthing same as ETH?
So, what’s the plan here? (Theory)
We’re basically, going to buy assets (cards) in ETH and sell tem for $GODS as IMX allows us to!
The fact that many players have tokens but not enough to pay the fee though to withdraw and deposit ETH again, leaves us in a very good situation.
In wich, we can buy a card and sell it for over 25%-100% gain over its original value. That’s right! Some of them even cost half of it in its ETH price..
We should be able to earn a lot from this just by doing this arbitrage, and also by moving the card market we are really stimulating the game to grow even bigger!
How to do it?
Go to GuDecks right down to this section, and mark as it follows!!
Once you observe the list there grab a card you want (I suggest from 1st page) and calculate its value on ETH! I use coimarketcap converter to do this.
By the way, this is Celestial Stag price in ETH. I’ll be using it as an example below!
Asides from that, also look for the card in the IMX for its $GODS price, and multiply by the current price of our beloved token!!
You’ll notice some of them (same cards) have a even a $1 dollar difference in price on its $GODS and ETH price! And that’s the ones we should be looking for!!!
Once you decide wich one should be bought, buy a couple of them! And then go to IMX market and put them on the list! For a $GODS price.
I’ll be using Celestial Stag as a quick example here, even if there are better cards, as it can show us this method really works!
As calculated earlier Celestial’s price is 0.0009 on ETH and is $2.80 USD. Although if we were to search for its $GODS price, and multiply it by the current token price we get another value!
For this example here, we would be earning around $0.2 USD instantly. Only for selling one of them! Remember, if we are to search daily, there WILL be better opportunities, and we can sell a lot of them.. there is literally no limit to it.
And that is where the big gains are!
Alright bro I already have my tokens, what next?
Next, my man, you gotta find a way to bring that ETH back to your wallet right? And there are two main ways of doing so...
We have the normal way, and the baller on a budget way (like myself) 😅.
Method 1
So, looking up to their normal way, one does accumulate a lot of $GODS and then transfers it to trade it for ETH in other markets.. then they deposit that ETH back to IMX.
In this case the token is kept in order for the gas fees not being that prejudicial! This is more suited to those with a bigger wallet!!
Although there are some players like myself, who does not dispose of a good amount of money... in wich this fee would make a lot of difference in the total value, as we only got few.. so, this is my method!
Method 2
The same way we did when we searched in gudecks, now we have to search for cards that have the most equivalent price in its coins variations! (ETH price close to its $GODS price)
Then we buy that card for $GODS and guess what? That’s it, sell it back for ETH! This is the method I have for those on budget like me!
One good card to do so is:
Let’s compare its value on ETH and $GODS.
Multiplying should give us this!
This is Polyhymnia’s $GODS value.
And, this is Polyhymnia’s ETH value
We should be losing around 2$ dollars in this negotiation though, it’s still cheaper than the gas fee. Then, we’re able to buy cards all over again and repeat the process!!
This should get us around a 20% ROI a day guys, it is really good and actually we can make the token worth more since we are making it, close the gap between ETH and $GODS.
I hope you guys like this I brought to you guys! And hope you can make some flippin of yours :). Also I haven’t found such content here so I thought id be useful!
Sources:
https://google.com/
https://market.x.immutable.com
https://coinmarketcap.com/converter/eth/usd/
https://gudecks.com/
It's definitely a way to do arbitrage but I wonder if bots are already doing so? It does seem quite troublesome to manually do it one by one 😂 But you're right, it's definitely possible to take advantage of this current market inefficiency!
I don’t know if the bots do it but I do it! It is not as problematic as it seems, I do daily researches on prices, and also have an Excell sheet where I keep tracking the prices difference!
It is tax-free trading, sometimes we have a whole dollar difference in price that is why I keep tracking them daily, and doing it for some time should get us a nice couple hunnids’ in no time 😂..
Thanks man!
I saw a lot of people using this method before to get extra money and eventually it should bring the Eth price equal to the gods which is good for every player who really loves the game and not just want to gain out of it.
Exactly man, and that is just my intention too!! I really enjoy GU, asides from the fact that we can earn from it.
How are you going on your rankeds on weekend man?
This week was like the last one not that good was unlucky in several matches hopefully next week I'll do better. How about you
I started playing yesterday or the day before yesterday, so I couldn’t play on weekends.. looking foward to next weekend!
My PC was broken now it’s fixing hehe... I managed to get a temporary one hahaha
Yay! 🤗
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