Quote from: manchester93 on August 13, 2017, 04:31:15 AM

What's the ETA for launch?

Hopefully by mid-September! Wink

Quote from: botany on August 13, 2017, 06:04:49 AM

There definitely is a market for this, but users need to trust an exchange before they transfer coins and start trading. How are you going to build this trust?
Plus taxing withdrawals (substantially, instead of the usual withdrawal fees) encourages unsafe behaviour like storing your coins on the exchange where there is a potential for being hacked. You should make sure that your security practices are top notch.

That's really not that substantial, on Poloniex for example users pay either 0.15% or 0.25% every single trade (vast majority of users at least).

As for building trust, I'm going to try be as transparent as possible, I'll post information about my own identity and several documents about the business. I'm currently planning on forming the company either in BVI or the USA.

We know for sure the datacenter where we'll be hosting the exchange is secure, we're positive we won't have issues like Bitmit. Currently all crypto wallets use cold storage, we're also looking at BitGo integration with BTC using bitgod https://github.com/BitGo/bitgod
Multiple keys are needed to access the servers, even if one of the keys was somehow compromised, it would be impossible for the hacker to simply drain the wallets

Also, we're planning on making it possible for users to verify solvency, it'll be pretty similar to the way Kraken does it

Quote from: JanpriX on August 14, 2017, 12:47:21 AM

Quote from: subwoofer12 on August 12, 2017, 04:33:35 AM

The only fee charged would be a 0.1% withdrawal fee, all trading volume would be no-fee

I know that you're thinking that this would provide you some edge over the existing exchanges that we have right now but wouldn't this hurt your exchange itself? Where would you get your income to maintain this exchange if you wouldn't get no fee from all the trading volume that it would deliver?

It'll be difficult, yes, the first few months we don't really plan on making any significant profits. Currently we're estimating it will cost about $8/day to host the website. So 2 BTC a day in withdraws would pay for this. Again the 0.1% withdraw fee isn't set in stone, we might do something else, but the end-goal is become a ultra-high volume, ultra-low fee exchange.

Quote from: Pursuer on August 14, 2017, 07:22:12 AM

Quote from: Pasutinmeur on August 14, 2017, 05:39:55 AM

Why are you making a lot of pair to the USDT, it seems no good in my opinion, it will be better for you put ethereum pair. It will be encourage a lot of users. But i don't know why must USDT.

because in 99% of the times 1 USDT is equal to 1 USD which means those who don't want to go through the verification process or endure the high fiat deposit/withdrawals fees can easily trade with USDT or tether and the transactions of it are also fast, much faster than fiats are! so you can easily deposit and withdraw fast and trade whenever bitcoin (or other altcoin) prices are moving and don't miss out.

Exactly.

Although, I'm not opposed to having pairs such as LTC/BTC and ETH/BTC