Post
Topic
Board Announcements (Altcoins)
Re: 🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️
by
Mrcharles
on 21/10/2019, 07:00:16 UTC
Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

I guess exchange comes with their own wallet so is there any need for separate wallet? But as far as transparency is concerned you raised a good point.

Yeah I quite agree with Nathan here and Em777 raised also good points but causing decentralization in the system may destabilize a whole lot.

What I understand is that token supply is the main issue with most of the scam/unfriendly projects. If the project is listed at one exchange then that exchange can keep watch on supply, but what if project is listed at multiple exchanges then how to track that ?

When the project is listed on several exchanges and all the exchange has a structured process in ensuring that the circulating supply is checkmated, then it would be possible to address the issues since a report could be sent from one exchange to another to verify the amount of tokens in their coffers. But the issue is that we have much more scam exchange who are after their own purse and would easily compromise for their personal benefit.