I have been watching this atomic cross chain trading thing for a while, and it is interesting to see that you guys issue asset for this relatively old problem.
The reason that this ATOMIC was not implemented before is because it is difficult. The closest solution is as below:
https://github.com/TierNolan/bips/blob/bip4x/bip-atom.mediawikiBut this is obviously not enough for what you have planned. Considering you guys have gotten million dollars in valuation, maybe you could hire really smart guys with this money to solve it.
It will be helpful if you could give more details about this POE/POG, and convince us that it will really work as you expected. Meanwhile, ATOMIC assetholders will not get anything before it is finished and the price of ATOMIC will be totally speculating before that.
Take this as risk reminder of the challenges in ATOMIC development, and I would love to see ATOMIC could finally come true.
By the way, you could choose the MGW approach, but even though there is multi-sig, you still have to trust the gateway, which is not perfect DAC. Another possible idea is similar to DPOS, and users dynamically elect agents to handle the exchanges. If this is what you want to do, I am in.
Part of the reason that I have said I was holding off on this project until I saw the superNET is exactly what you said, implementing direct cross chain trading is difficult. In the early stages of ATOMIC, relying on a multisig gateway (which as you said, is not a perfect DAC) in order to begin functioning is an option (I prefer making use of InstantDEX's decentralized opt-in style approach over a centralized exchange though). Atomic is however acting as a tickertape for these exchanges and actually performing the exchanges would be secondary to keeping track of and verifying them (the final version will be able to make exchanges directly from the api which I plan to implement a web application, mobile application and desktop application for). Once you have the ability to verify cross chain exchanges (whether atomic or not) via a singular blockchain rather than having to check the transactions on source and destination coin's blockchains I believe that decentralized exchanges such as InstantDEX will be able to cooperate with the ATOMIC network. This means that once ATOMIC is up and running using InstantDEX as a backbone, confirming and ensuring that all exchanges happen as securely and quickly as possible it will be then that the concept will be proven and tested enough in order to reach 100% DAC status. What this means is that once myself and the developers that join the project have proven and tested ATOMIC, in a controllable environment (making use of InstantDEX) it will then be ready to move on to the next stage. When dealing with something this complex in software you always want to work iteratively and ATOMIC is no exception. So I don't want people to apply all of the worries of the previous attempts at cross chain utilization to ATOMIC as ATOMIC isn't attempting to solve the issue in the same way.
I'm working on setting up a website with some more information about POE and POG right now. As soon as I have it ready I will be posting on this thread so that you guys can dive into the fundamentals of the project and hopefully more intelligent questions such as yours will flood into my inbox!