Quote from: joniboini on May 31, 2023, 12:37:59 AM

Quote from: marxdev on May 30, 2023, 05:13:08 AM

4. User can now open sell orders for other cryptocurrencies to the value of $5000 (50% of the staked $CIL balance)

Okay, so 50% of the staked balance is what he can trade? Is this fixed or will you change it before your service go live? Personally, I'd rather use coins that I already own as a guarantee instead of buying your tokens. It takes a lot of confidence to buy new tokens in the first few months at least. On top of that, it also adds another layer of complexity unless you allow people to convert their coins/tokens to your CIL token automatically. If some volatility happens it would also affect my ability to trade.

Btw, is there no plan to support or add Bitcoin?

Vendors are the only ones required to purchase and stake $CIL tokens to initiate orders on the marketplace. If you're not a vendor and only wish to buy or sell cryptocurrency to one of the active vendors, you don't need to stake anything.

Once vendors have staked $CIL, they can deposit, trade and sell supported currencies such as WBTC, WETH, USDT, USDC, etc. Trading is not performed through the $CIL token. To become a vendor on Cilistia, a user must stake some $CIL tokens. After staking, they can deposit any supported currency and initiate trades up to 50% of their staked $CIL value.

For instance, if you stake $10,000 worth of $CIL on Cilistia, you can deposit WBTC, WETH, USDT or USDC and open trades up to $5000 as a vendor on the marketplace.