Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
endchat
on 30/07/2017, 01:17:23 UTC
Bittrex supports a lot of tokens. Why Veritas is not?

My take on it is that VERI is all about peer-to-peer, and most of the exchanges are centralized.  EtherDelta is decentralized.  I'm guessing the centralized exchanges don't want to support something that ultimately will make them obsolete.  With that said, I think there is one advantage to centralization, which is with respect to the fees when placing orders.  When you place an order on EtherDelta, you need to pay a fee regardless of whether the order completes.  On a centralized exchange there is no fee unless it completes.


Incorrect.

When you place an order on Etherdelta, no one pays a fee until the order is fulfilled, or you purposely cancel the order.
Expiring unfulfilled orders are not subject to fees.