Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN][EXCHANGE] WCX – Low-Cost Crypto Exchange built by Apple & Wall St team
by
Joking313
on 01/08/2017, 17:39:49 UTC
The project is very interesting. I'm afraid of very small commission. The commission is significantly lower of other exchanges. It could trigger arrival on the Exchange many bots. Sir, how will you deal with bot?
Um why you against bots? the exchange would make money on every single trade regardless of if it was human or bot traded, in my opinion the more bots the merrier
Low fees generates a lot of small spam transactions. There is no sense in commission, if you can't sell or buy the right amount. And spam transactions will be hard to overload network.

There are several ways around it, for instance you could put a cap on the number of transactions under $5.00 USD value per 24 hour period per account, make the minimum transaction amount $2.00,or more if need be.  People are clever and they will always find a way around the rules, so instead of fighting them it is best to try to cooperate with them, and allow bots with conditions if the network can not support the number of transactions happening at a time.  Otherwise the exchange will just get stuck in a never ending game of cat and mouse trying to chase away bot users.