Good Morning
It looks BBP/ETH trading is alive already on Tokok exchange.
Yeah he is already live in
Tokok and don't forget about the
trading competition for top 50 trader. I would say it was the best move for gain volume in the new exchange, I'm sure people will pay attention.
I see some bogus trading there on small quantities, sounds like a bot buying with one account and selling the same with the other, so the first account can reap the prize after buying millions (and selling millions with the second one).
I wonder if the exchange owners can detect this fraud and disqualify those accounts from the contest.
Its too early to know if they are "bogus" or not; What I see so far is a lot of trades being executed between the bid and ask, that are in the execution list and on the chart but not in the order book.
I think Tokok might have some type of market maker program where they provide an edge for people to buy/sell off of the level 2 book (IE if you act as a market maker you take part of the trading fee, if you take liquidity you pay the fee etc). Its not clear to me "who" is running the bot, if its an exchange bot, or a market maker jumps in on every new ticker (similar to pools who jump on new coins the moment they are released).
Someone would need to ask Tokok who runs this. One thing I did notice, is the trade that is executed in-between the bid & ask just now did change the chart and volume. So the other question is, do market makers get special privileges (to trade bots between the market that arent even part of the order book)? (As these small trades dont go in the order book).
Lets see how it plays out when we get entered into the ETH page, hopefully more people from China/Hong Kong will come on board and be part of BiblePay.
it is not bot or someone, it is just fake volume generator. it is generating orders between buy and sell. if buy will be 200 and sell 201 then it will stop, you can try. same with eth, ltc or other coins, just check. same was on qiex.