Post
Topic
Board Announcements (Altcoins)
Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
by
Vrontis
on 16/11/2015, 19:46:07 UTC
Regarding the poll integrate qora to bitshares, I have reached Bitshares team Cryptonomex, to explain me how Qora can be integrated.

The only possible way - at the moment - to start a collaboration with Bitshares is by the below two options.

Quote

Since BitShares currently does not offer cross-chain trading, you
only have two options to have qora traded in BitShares:

* Qora as a Market-Pegged-Asset: This would be an asset like bitBTC
  where witnesses publish the external price of Qora and people can
  borrow Qora from the network and trade it freely. You can take a
  look at https://bitshares.openledger.info/#/market/BTS_CNY to see
  how that would look.

  Advantages:
    * Free from any counterparty risk
    * Fully collateralized (via BTS) QORA tokens

  Disadvantages:
    * Depends on external price feed
    * Must convince witnesses to publish price feeds
      (unless you go for a "privatized" MPA)


* Qora could be traded as an IOU by openledger, blocktrades or
  metaexchange. This would be the very similar approach to centralized
  exchanges, where people send their Qora to a 3rd party and get a
  tradable token on a 1:1 basis in the BitShares network.
  Example: https://bitshares.openledger.info/#/market/TRADE.BTC_BTS

  Advantages:
    * Easy to setup
    * 1:1 IOU tokens

  Disadvantages:
    * Involves counter-party risk with the "gateway" (solvency)
    * May involve higher fees

So, based on the above, we should follow up with a poll to select how this will be done.
But before we launch the poll, please read the above and if you have any questions please feel free to ask.

We will soon release the version 0.24, a really stable version.
Then, following the concerns that we have, we will try to push things forward by using Qrowdfund, a tool that we will release and allows everyone to kick-start his project.
We are going to create several projects as Qora Team that will worth a few billions (in total) in order to achieve and establish a healthy community from people who will contribute and get rewarded for that.So, before we proceed on that, your thoughts are needed.