ARBITRAGE (ARB): What ARB Telegram admins want you to know. (updated 20-10-2018)

The principle Telegram admins are;
Nigel @ARBnigel | Clark Bams @ARB_ClarkBams | Marcus Mitchell @ARBmarcus | John Snow @KingoftheCoins | Honey @ArbHoney | Dani @ARBdani | Ozi @ARB_ozicryptos | Sat G. @Sat_G | Crypto Dalit I Arbitraging.co 🇮🇳 @Dalit_ARBINDIA
ARB Official (INDIA), Rusian admins on ARB RUSSIA 🇷🇺 (telegram) @sergeyarb, @AtremARB, @DPchat, @lomarketing

Don’t spam the same message to multiple admins, as your enquiry/request will not be answered any faster. Other admins are also available.

ADMINS WILL NOT CONTACT ANYONE ASKING FOR MONEY, CRYPTO, PASSWORDS. ADMINS WILL NEVER ATTEMPT TO SELL YOU CHEAP ARB AND THERE IS NO SPECIAL DEALS WITH THE UPDATED ADDRESS CHANGE.

FOR ALL NEWCOMERS TO THE ARB SITE:

SAVE THIS AND UNDERSTAND IT FOR YOUR OWN BENEFIT:

As you already know, this is NOT a lending/staking platform, and it doesn’t pay interest. So some things are quite different and important to understand, such as this: As far as the ARB tokens, when you place them in the aBOT from your ARB wallet, the platform sells them at the then value at top of aBOT called “ARB Price in aBOT” into a large ARB pool (NO lending or staking). Example: 1,000 tokens in wallet @ $1/token = $1,000 USD VALUE now in aBOt (NOT 1,000 tokens). Note that the aBOT under “Pending”, and “Active” says $, not tokens.) At this point you no longer own ARB tokens! (Note: So you cannot participate in any token price growth with these funds since it’s not tokens anymore). This $1,000 USD now in the aBOT never changes, no matter to where token price moves.

The aBOT registers this $1,000 principal USD VALUE and arbitrages with it indefinitely, until you stop the aBOT.

When you withdraw your original $1,000 USD from the aBOT, you buy new tokens as the transfer happens from the aBOT to your ARB wallet. And you buy the tokens at the price at top of aBOT called “ARB Price in aBOT”. $1,000 VALUE in, so $1,000 VALUE back out. If tokens now at $5/token, you receive 200 ARB tokens back, but still your original $1,000 worth. $1,000 original value : $5/token = 200 tokens out. If token still at $1 now, you receive $1,000 original VALUE : $1/token = $1,000 tokens out.

The profits are paid out in ARBs by the BOT at the price in the “ARB Price in aBOT” price. So if you had $1,000 invested, and made 1% that day, you'd get USD $10 WORTH of ARB tokens (not 10 tokens). If the token price is at $1, then you'd get 10 ARB tokens. If the ARB token price were at $5/token, you would get 2 ARB tokens in profit paid out that day.

This is important to understand for your strategy as to how to maximize your available funds, so you do not transfer your tokens to the aBOT, assuming whatever tokens you gave the aBOT will increase in price as the token price rises because in aBOT you own no more tokens.

IF YOU HAVE AN ISSUE, LOGIN TO YOUR ACCOUNT, CLICK THE SUPPORT TAB, AND SUBMIT A SUPPORT TICKET. iF YOU HAVE SUBMITTED A SUPPORT TICKET, PLEASE BE PATIENT AS THE SUPPORT TEAM IS WORKING ON NUMEROUS TICKETS, AND WILL RESOLVE THE ISSUE IN THE ORDER IT WAS RECEIVED. THANK YOU!

BEWARE OF SCAMMERS!       TAKE THIS SERIOUSLY !

No Admin will EVER contact you,

- telling you to turn off your 2FA (NEVER DO THIS FOR ANYONE),
- telling you to hit "Reset Password", and then to give them your
     new password sent to you by email (NEVER GIVE OUT)
- asking you to send them ETH to sell you cheap ARB tokens,
- offering for money to unlock your account,
- asking you for ARB or ETH, $500 or other, to activate mBOT,
- telling you that you will be accepted to trade mBOT if you send
    ARB or ETH to some wallet address (scammer's address),
- requesting you send ARB/ETH as security bond for you
    inquiring about employment at Arbitraging.co,
(WHAT ELSE WILL THESE SCUMBAGS DREAM UP????)

If any of that happens, it's 100% a scammer. Do not fall victim. Instead report it to an Admin IMMEDIATELY.

If something sounds fishy, check with another Admin, it could be you're dealing with an Admin impersonator. These scammers are not only crafty, but evil bastards.

To prevent scamming, we Admins ask you to always PM us so you know you are talking to an actual Admin.

BEWARE - ADMIN IMPERSONATORS IN TELEGRAM CHAT

NEVER GIVE OUT YOUR ARB USERNAME, PASSWORD, 2FA TO ANYONE INCLUDING ADMINS.

THERE IS A SCAMMER WHO PERIODICALLY COMES TO THIS CHAT, ALWAYS CHANGING NAMES, AND WAITS FOR SOMEONE TO ASK AN ADMIN FOR HELP.

THE SCAMMER THEN PMs THAT PERSON, IMPERSONATING ONE OF THE ADMINS USING ADMIN'S NAME. THEIR INTENTION IS TO CLEAN OUT YOUR ACCOUNT BY GETTING YOU TO GIVE THEM YOUR EMAIL, PASSWORD, TURN OFF 2FA FOR THEM, ETC.

SOMETIMES THE PERSON THREATENS THAT YOU WILL LOSE YOUR ARB AND ETH IN ACCOUNT IF YOU DON'T DO THAT.

PM AN ADMIN IMMEDIATELY IF THAT HAPPENS.

AND ALWAYS PM AN ADMIN FOR HELP. ARB ADMINS WILL NEVER PM YOU FIRST, OFFERING TO SOLVE YOUR ISSUE.

BEWARE 2FA: When you turn on 2FA, MAKE ABSOLUTELY 100% SURE that you keep an electronic AND hard copy version of the 2FA code required to activate 2FA. If your phone goes down you MUST have a way to set it up again and for that you must keep that 2FA #/bar code SEPARATE from phone.

If you didn't save your 2FA data, then DO IT NOW.
1. Log into your ARB account.
2. Turn off 2FA in Accounts tab.
3. Delete the arbitraging.co 2FA on your phone app.
4. Turn on 2FA again in Account tab.
5. Now SAVE 2FA bar code and 2FA # screen shot in a safe place (thumbdrive, etc.), also store it in hard copy (print it out).
6. Activate 2FA again on your cellphone or computer. Authy is highly recommended. It automatically backs up your 2FA barcodes in the cloud. There is an authy app you can download if you want to use that over Google 2FA.
6. Your 2FA should be on again.

It is a prolonged process for devs to fix this if you lock yourself out of your account because not saving 2FA data, and we will have to charge a stiff fee for their time.