Post
Topic
Board Announcements (Altcoins)
Re: BiblePay | Masternodes | Sanctuaries | POBH - ASIC Resistant | 10% ORPHANS
by
inblue
on 17/05/2018, 19:38:11 UTC
Suggestion: I think we could list BiblePay on the new decentralized exchange https://crypto-bridge.org/. The good thing is that they are already live and they are getting traction very fast, they already have more volume than C-CEX had, and they are actively listing coins right now. It costs 0.5 BTC and they do it in 2-4 days. I followed some coins which applied there and it's true, they listed them quickly. Also, I think it's not expensive compared to other options (about $5,000 now), especially when you take into account the decentralized nature of it, that is, which benefits that brings (which you can read more about on their website).

CMC info:
https://coinmarketcap.com/exchanges/cryptobridge/

Example trade page (BTC/LTC pair):
https://wallet.crypto-bridge.org/market/BRIDGE.LTC_BRIDGE.BTC
(this is their browser version of the exchange, you can also download a desktop application which is recommended)

Form to request a coin listing:
https://docs.google.com/forms/d/e/1FAIpQLScvq_sKqLGDFtHT8xB_a5yHLVz69ljJ_0Utk8V5Qs_LZVfUBg/viewform

As far as I understand how it works, you are still in control of the deposit address to which you send the coins, the coins are still yours and that address is yours (generated locally by you), just a different one which is tied to the exchange platform.

And here is something I analyzed (which might or might not be relevant Tongue): from the current coins listed on Crypto Bridge, there are a lot of masternode coins. So I think by listing on this exchange we can attract masternode investors, because it will be much easier for them to buy BBP on the same exchange where they buy other MN coins, so that could potentially drive the price up faster than on a different exchange of similar volume.

So if we can pay for this from the next budget, I can offer to pay the 0.5 BTC fee immediately and be reimbursed later in BBP. Or if somebody wants to help too, they are more than welcome to chip in for the fee.

Crypto Bridge is gaining momentum very fast and based on some sources I follow, I predict it will be a very popular exchange soon, so it will also be great for people to discover BiblePay there while trading other coins. Also, I used it and it's the best experience I've ever had, everything is very fast and very slick. Some people on Twitter have even started saying something like "Once you go DEX, you never go back (to centralized exchanges)". Smiley

I thought I would regret badly that back then I lacked the initiative to send them the 0.5 BTC by myself, especially when they later said that they will keep the listing fee at 0.5 BTC for everyone who contacted them about the listing prior to the fee increase, which unfortunately we didn't.

However, I am consoled by the fact that 0.5 BTC was $6,000 back then, and 1 BTC is $8,000 now. Grin