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How to make money on difference of price on different networks

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Cryptocoins Exchanges / Binance 248 Views

How to make money on difference of price on different networks

Hi guys!

I love making a fast buck, I want to share one idea with you.

I really respect Hashbon Rocket project - it is the first ever cross-chain DEX. The bottom line is that their HASH token is issued on two different networks (ERC-20 and BEP-20) and is sold on Pancakeswap and Uniswap.

The volume is still low, but the price on different networks may be different enough to be profitable.

Here's what I've been doing:

I go to Pancakeswap and buy 30.000 HASH

https://preview.redd.it/13zzix4p4s381.png?444&format=png&auto=webp&s=adf1acf5467455dd5904c0ce82b5e9112de9fc42

And then I sell it on Uniswap

https://preview.redd.it/baziwo1q4s381.png?579&format=png&auto=webp&s=cd7be4e2e0b7f257297c5663ff4c006018f97fee

Of course, you need to take commissions into account and the difference in rates. But I must say right away that this this method is most profitable when large sums are involved.

Don't thank)

submitted by /u/Better_Mastodon2256
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