Wrapped Market Arbitrage Coin (WMARC)

Wrapped Market Arbitrage Coin, the crypto

Wrapped Market Arbitrage Coin (WMARC) is a decentralized finance (DeFi) token that aims to solve the problem of price discrepancies between different cryptocurrency exchanges. W-MARC is a wrapped version of the Market Arbitrage Coin (MARC) token, which is a centralized token created by the Market Arbitrage Coin team to facilitate their trading strategy of buying low and selling high on different exchanges.

The point

The main point of Wrapped Market Arbitrage Coin (WMARC) is to make the Market Arbitrage Coin (MARC) trading strategy available to the wider DeFi community. By creating a wrapped version of the MARC token, WMARC can be traded on Ethereum-based decentralized exchanges (DEXs) and used in various DeFi protocols, providing a new asset for DeFi traders to take advantage of price discrepancies between different exchanges.

The problem

Wrapped Market Arbitrage Coin (WMARC) tries to solve the problem of price discrepancies between different cryptocurrency exchanges. Due to the decentralized nature of cryptocurrency trading, prices for the same cryptocurrency can vary greatly across different exchanges. This creates an opportunity for arbitrage trading, which involves buying low on one exchange and selling high on another. However, the process of transferring funds between exchanges can be time-consuming and costly. Wrapped Market Arbitrage Coin (WMARC) aims to provide a more efficient way for traders to take advantage of these price discrepancies by creating an asset that can be easily traded on different exchanges without the need for time-consuming transfers.