Quote from: bible_pay on September 25, 2019, 03:39:10 PM

Quote from: capulo on September 25, 2019, 05:11:30 AM

Quote from: bible_pay on September 21, 2019, 04:40:51 PM

Quote from: MIP on September 20, 2019, 07:24:24 AM

Quote from: sukoyomi on September 19, 2019, 11:01:45 PM

Quote from: SVK Noko on September 17, 2019, 04:26:20 AM

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.

I'm not sure I come to the same conclusion.

The IT dept of Tokok sent me a 100meg "program" and asked me if I wanted to be a market maker. It requires a massive amount of setup. It has a lot of rules. I wasn't particularly interested in it because I've got a backlog and more important things to do for God.

But it sort of appears to be the same thing being run by someone else - they put in a certain amount of risk capital, IE .50 BTC, add in the business logic and let it run and it executes these through the API. The thing I don't know about is if those trades in between bid-ask are "real" on a level2 book. Someone should ask Tokok if they really debit/credit balances with those (for professional traders etc).

These things should actually be banned. It will never be allowed with normal share trading and should not be allowed in crypto. Fake volume is one of the big culprits in crypto. Luckily it is easy to spot a bot but some noobs might be caught. I wonder if coinmarketcap will pick up on it and mark as fake volume.