Post
Topic
Board Announcements (Altcoins)
Merits 2 from 2 users
Re: Idena is the first Proof-of-Person Blockchain
by
realRioda
on 05/06/2020, 17:52:40 UTC
⭐ Merited by Saisher (1) ,Tytanowy Janusz (1)
What is it about qtrade that you don't like?
Just a feeling maybe because in the past I have been scammed several times by new exchanges in the market, some of them even launched an ICO but so far they are doing good in catering for the IDENA community but a big exchange like Kucoin and Binance will kick the price, it can easily get into Kucoin by voting but it will take sometimes for this to happen as we are still in testnet.

I really like it. It is like a small familly business. Started by two brothers programmers who originaly started in crypto as operators of mining pool (if i remember they are from Kansas). You can find their github accounts, they even contributed to the Idena code. Github account for programmer is his reputation in the open. They are not some mistery anonymous dudes, or like some big ogranisation that can hide. Very helpfull, responsive in problem solving. All that considered, it does not seem to me as some exit scam type guys. If you read about the security measures they implemented on the exchange, it really sounds great. https://qtrade.io/security

Other thing that I like is no "market buy/sell" option. You set order at price that you want, and it's impossible for someone/bot to mess around with orders so you end up with unwanted trade.
Very simple interface, basic info KYC for up to 2k USD daily withdrawl. Real trades, no wash trade.

On the other hand there is chinese based qbtc, with 95% of all other trades according to coingecko. I mean... they are clearly washtrading, no chance that there is so much trade going on there. Once Endogen tested some transactions, he noticed that their volume chart went through the roof... They are displaying transaction count on the network as the volume on the exchange... yikes...

What can we expect to achieve if we get on Binance? For sure, more people will be aware of Idena, but I think that we will be caught in the Binance bots for pump and dump price action Sad
Even qTrade was not planned for now. As you said we are still in testnet (experimental mainnet). When we get to stable version, it will be natural progression for Idena to go to bigger exchanges.