Antidote Announces $100M for Community Building and User Rewards
October 04 2024 - 6:11AM
The Antidote platform, known for its innovative solutions in the
field of investment strategies, has announced the distribution of
$100 million to its users. This step is aimed at supporting
hundreds of thousands of people worldwide and providing access to
the most advanced arbitrage technologies.
Alex Miron, co-founder, Vice President, and CVO
of Antidote, who launched the platform in November 2023, comments
on this initiative: "We have chosen a strategy where each user may
earn up to 1% in daily returns. This result is achieved thanks to
our arbitrage bot, which automatically analyzes numerous exchanges,
identifying price discrepancies, and executes trades with maximum
speed." $100 million will be distributed among users who have
joined the community and actively participate by investing any
amount. Thus, all participants will receive higher return
percentages, supplemented by bonuses for contributing to the
development of the algorithm.
However, as the company's capitalization grows
to $500 million, Antidote plans to gradually reduce the estimated
yield percentages to 5-10% per month, maintaining high
profitability while adapting to market conditions. "We are focused
on long-term sustainable growth. Our goal is to offer stable and
secure returns based on real arbitrage market opportunities," adds
Alex Miron.
The Antidote technology relies on powerful
algorithms that monitor millions of data points in real-time,
automatically executing trades as soon as an opportunity arises to
profit from price differences on different exchanges. This
technological process makes the platform one of the most
competitive in the world.
Antidote is headquartered in Dubai and adheres
to all international safety standards and regulatory requirements.
It is encouraging that regulators are facilitating the global
operation of cryptocurrency, thereby providing opportunities for a
broad audience. (Please note: Antidote does not operate within the
United States and does not accept investments from American
citizens, nor from entities listed on the FATF blacklist.)
One of the company's partners, ByBit, provided
the meeting and negotiation office in Dubai. Understanding that we
are all working towards a common goal - educating the public on
financial literacy and cryptocurrency - this collaboration was the
right strategic move for Antidote.
Recently, the company attracted the attention of
international media, including Nasdaq TV, where the company's
successes and plans were discussed. The interview was conducted by
Nasdaq's leading journalist, Jane King, which is already a unique
event for startups. Usually, journalists interview only stars and
large corporations. It seems we are indeed witnessing the rise of a
new unicorn in the financial market.
In addition to its arbitrage opportunities,
Antidote is developing initiatives in financial literacy, including
educational projects in BRICS countries. These programs are aimed
at giving people access to modern financial tools and helping them
improve their financial well-being.
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Media contact
Brand: Antidote
Contact: Media contact
Email: support@antidt.com
Website: https://iamantidote.com