Proposal: Business Development - Major Exchange

grzem

Member
Nov 22, 2014
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And what with second, third "major exchange", will they list DASH for free, I thing they not, they just repeat blackmail.
 

David

Well-known Member
Jun 21, 2014
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And what with second, third "major exchange", will they list DASH for free, I thing they not, they just repeat blackmail.
Once a major exchange lists DASH, other exchanges will feel pressure to do so (for free) in order to maintain competitive advantage.
 

stan.distortion

Well-known Member
Oct 30, 2014
911
530
163
And what with second, third "major exchange", will they list DASH for free, I thing they not, they just repeat blackmail.
Maybe but like David says, the arbitrage possibilities with InstantSend leave every other crypto dead in the water and that's not a small incentive. Pay close attention to the trading patterns and you can watch it happening, one exchange takes a big jump and... tick... tick... tick... an hour later a big flood of coins comes in to level it out again. For a while after the Chinese exchanges first opened I'd estimated roughly half the trading volume was from arbitrage, a constant back and forth as USD and CNY spreads fluctuated and boy where they making a killing. It levelled out fairly quickly as more got in on it but you've only got to glance at coinmarketcap to see there's ample opportunity to level it out more... if you're willing to take the risk of things moving while waiting for confirmations.

Once it was common to see a 10% gap between bids and asks, bots filled that gap and now it's very rarely more than the trading fee plus a fraction of a percent. Arbitrage between exchanges should be the same, no wider than the cost of moving coins from one exchange to another and bots should be filling it but they don't have the tools to do it safely, InstantSend is that tool. Maybe this will mean other exchanges come to Dash with their hand out but if it means Dash becomes the industry standard for arbitrage... Yeah, I can see potential in that.
 

grzem

Member
Nov 22, 2014
49
7
48
Once a major exchange lists DASH, other exchanges will feel pressure to do so (for free) in order to maintain competitive advantage.
If pressure was true, then exchanges would list DASH to gain advantage.
 

David

Well-known Member
Jun 21, 2014
618
628
163
If pressure was true, then exchanges would list DASH to gain advantage.
Not necessarily. There has to be a first mover.

In any event, I'm sure they eventually would list us...eventually. I'd rather pay (remember, if not paid the money is just going to disappear, and I'm not seeing any competing proposals...) and skip the 2-3 year wait before our volumes are high enough to justify listing us for "free."
 

Solarminer

Well-known Member
Apr 4, 2015
762
922
163
You are not on ignore. Please tag @babygiraffe in your post if you want me to reply. I have provided as much detail as I can about the exchange. I would not consider SpectroCoin a "major exchange".
Thanks @babygiraffe. The previous proposals like Lamassu and with this attached to Minotaur cause additional questions that might otherwise be assumed.
 

Tallyho

Member
Mar 15, 2015
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I too would like confirmation that this exchange will offer the ability to trade DASH/EUR as well as USD. I know I don't get a vote but I would like an idea of how big this is actually going to be, because IMO, without Euro trading, a huge proportion of DASH fans and investors are going to be left out in the cold.
 

spatula

Well-known Member
Foundation Member
Oct 31, 2014
49
39
158
I too would like confirmation that this exchange will offer the ability to trade DASH/EUR as well as USD. I know I don't get a vote but I would like an idea of how big this is actually going to be, because IMO, without Euro trading, a huge proportion of DASH fans and investors are going to be left out in the cold.

DASH/EUR would be nice, but not sure anyone would be "left out in the cold" by it being a DASH/USD only pair. It's not like any existing EUR trading methods would go away or anything with the addition of a new exchange, even if it's US based. Having a major exchange give the nod to DASH would pave the way for other major exchanges, including ones with various other fiat on-ramps.
 

TroyDASH

Well-known Member
Jul 31, 2015
1,254
797
183
I would be happy with either dash/USD or dash/EUR, as long as it is in fact a major exchange that will increase access from fiat and be a stepping stone to more integrations.
 

BolehVPN

Active Member
Nov 24, 2014
195
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I would say the main deterrent is this company's reputation. Should they breach the agreement, it would be public knowledge. However, if they went ahead with a delisting anyway, under that scenario we would need to consider legal options and whether that is worthwhile expense... we could pursue the initial funds rebated for example. This seems like a very low risk to me given the company has a reputation to protect and once listed, the cost to them of maintaining the listing and fulfilling their end of the agreement is quite low.
Thanks just thought it would have been better to have that upfront since its easy to raise excuses on why not to continue listing and it might get ugly so I thought it would have been better to get this crystal clear but I guess we will cross our fingers!
 

Minotaur

Well-known Member
Foundation Member
Apr 7, 2014
452
1,079
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Although there was a major integration today, this project is still underway, and the ‘major exchange’ associated with this proposal is still aiming to complete its integration by the end of March.
 

Naruto

Member
Dec 26, 2014
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88
Although there was a major integration today, this project is still underway, and the ‘major exchange’ associated with this proposal is still aiming to complete its integration by the end of March.
Thanks for telling me that.


使用Tapatalk 發送
 

AnarchicCluster

Active Member
Dec 22, 2014
399
408
133
Dash Address
XgJkzjmW1onXH8EsaaZakN1GswjjnAYhUE
Although there was a major integration today, this project is still underway, and the ‘major exchange’ associated with this proposal is still aiming to complete its integration by the end of March.
Does it mean we can rule out Bitfinex?
 

Stealth923

Well-known Member
Foundation Member
Mar 9, 2014
352
404
233
I think its Bitstamp or Kraken - if you google Bitstamp Margin trading, they are releasing it the same time as Dash is supposed to be added to the exchange.

Its not Coinbase as Charlie Lee works there and I would bet he would rather quit his job than add Dash to coinbase. That or he is expert level fake troll to try and make it not look like its coinbase....
 

fible1

Well-known Member
Dash Core Team
Masternode Owner/Operator
May 11, 2014
710
722
163
Bitstamp or Kraken, those make the most sense.

Pablo.
 

Fount4inhead

Member
Mar 21, 2017
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I will agree to this, hope it's coin base but I don't think it's that good.

On a side note it could be worth trying reversing the process in that we have a proposal that would secure say $100000 for exchange implementation and then let any exchange bid for some of that funding.
 

Vedran Yoweri

Active Member
Apr 29, 2015
334
152
113
On a side note it could be worth trying reversing the process in that we have a proposal that would secure say $100000 for exchange implementation and then let any exchange bid for some of that funding.
Bad idea and not needed. From now on they add us at their own expense. If they need help from core they pay the guys for their time and effort @ market rates.
 

GrandMasterDash

Grizzled Member
Masternode Owner/Operator
Jul 12, 2015
3,011
1,170
1,183
Bad idea and not needed. From now on they add us at their own expense. If they need help from core they pay the guys for their time and effort @ market rates.
In that case, maybe we should apply the same rule to debit cards...
 

Technologov

Member
Mar 5, 2017
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Israel
Define "major" please. Kraken or above ? ($7,654,900 in BTC/EUR trade-pair today, as of 12.04.2017)

YES.

Anything smaller than 0.5 Kraken ? (half-a-Kraken; under $4 million a day for BTC/fiat)

NO.

EDIT: ohh, the proposal has passed. Nevermind.
 
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