So I have looked up the SuperNET and NXT newsletters recently and got some questions.

So BTCD will be used as reference currency on InstaDEX and that is one of the main pitch for BTCD, other than Teleport and Tradebot.

I personally think that Teleport will draw good attention but I am not sure about InstaDEX and Tradebot.

Is there any perk of using InstaDEX or BTCD as reference currency?

It is true that being a reference currency can be good for that currency as there will be more demand for that.

However, LTC and Doge have also used as reference currency, but the volume is pretty much nothing compared to BTC's volume.

This is especially true when you trade some coins directly with BTC or other more popular currencies.

I would be glad if I could get an answer for my questions.

Thanks