Post
Topic
Board Service Announcements (Altcoins)
Re: RAWX altcoin exchange (former mcxNOW) to reopen soon | see a preview here
by
enlightened
on 17/05/2016, 18:58:29 UTC
I understand your anger very well and I won't defend RS here.

But I want to point out that I wouldn't call that a hack of the exchange.
First of all, only one altcoin was affected. Secondly, there was no bug in the exchange code. The problem was an incorrect handling of the fork and running the node.

What's important is that I will be the new operator and the only thing I will continue to use is the backend. Not the frontend, not the choice of altcoins and not the way of operating the exchange.

Awesome to hear. Looking forward to seeing it in action! Can you also shed some light on how the FEEs will work? Like will it be the same as before, paying the appropriate portion of ALL coins every 6h, or how is it being changed?

It will pretty much stay the same. On the old exchange 75% were emitted to FEE holders and 25% were paid out as interest. Maybe the percentage of fees to go into interest will be reduced. But we will see about that.
However all coin pairs will generate fees that FEE holders will benefit from. Whether payout will happen every 6 hours or more frequently is yet to be decided.