i have question sir.
1. Can you explain in detail intent Up to 10 times cheaper than what's already out there? If your fee is cheap, where do you benefit?
2. What coins will you release in the market later?
3. How much will you charge to trader maker and taker? What's under poloniex or bittrex?
please answer thank you
1. WCX will aim to have the lowest costs and fees of any exchange in the world. This is our driving force. We believe the very low fees as well as our laser focus on customer satisfaction, will drive a large amount of volume and liquidity which will benefit the business. Current cryptocurrency exchanges are tremendously overcharging while also mismanaging their business or running it inefficiently.
2. Base markets to start with are BTC, ETH, and USDT. You can vote for which coins and market pairs you want to see included here:
https://docs.google.com/forms/d/e/1FAIpQLSdkFM1HKmTfhDeJ5Acn5hstJFi_Mcj8KIgMk7fpvOxJ2Ua5aA/viewform - you can also let us know if there are particular coins you'd like to trade by replying in this thread.
3. The taker will pay a small fee (e.g. -0.15%) and the maker will get paid, not charged, a fee (e.g. +0.05%). Currently Poloniex nets around 0.4% and Bittrex around 0.5% of every transaction, which are respectively 400% and 500% higher than what WCX intends to charge.
I'm excited for the base markets you are proposing, and the coin voting seems to be picking from the top ~10 cryptocurrency's right now, except for Litecoin. I can understand the omission of less popular altcoins like Steam or ZCash (both which would also be cool to have), but Litecoin seems like a real altcoin contender (also ranked 4th on coincap) using atomic swap with Bitcoin and segwit. Any reasoning for it not to be included in the coin voting?