MetaExchange is my work in progress exchange-like trading interface and web-wallet for Bitshares. This is currently a spare time project, but I would like to take it to the next level by creating a 100% pay-rate delegate which will allow me to work on this project for around 50% of my normal working week.
I don't have the available funds to register a 100% pay rate delegate myself, so my only option is to crowd-source the funding for the 59,881 BTS (calculation provided by Rune, 50/1010*60*60*24*14=59881) fee I need to register the delegate.
In order for this to work I'd like to ask that a trusted forum member to step in as an escrow agent to hold the funds, and to refund them if I don't manage to raise enough BTS.What are my plans for MetaExchange?
I would like to reduce the barrier to entry to owning and trading bitshares assets and BTS to close to zero. This site is designed to appeal to traders who are familiar with bitcoin exchanges/forex and who are curious about bitshares, but don't want to download the client and wait hours for it to sync just to see what all the fuss is about.
What will this project contribute to the bitshares ecosystem?
- Release 1 will be a simple viewer, which will allow users to browse all the markets and assets in a familiar setting to any trader who might have used a bitcoin exchange.
- Release 2 will be a web-wallet which will allow users to deposit/withdraw and most importantly to actually trade bitshares in markets directly through the website. This will function much like one of the many bitcoin exchanges, which will be familiar to traders of crypto currencies and forex/stocks alike.
- Release 3 will provide on-ramps to bitUSD and BTS through bitcoin.
- Release 4 would explore adding other crypto-currencies which support trading, such as NXT
After Release 1, the entire project will be open sourced on github.
In closing, I literally can't do this project without the support of the community; I need help raising the funds for the delegate registration and most importantly, I need people to vote for the delegate to get it included in the 101 and become an active project.
Looking forward to hearing what you all think of this, since this is the first 100% pay rate delegate campaign and the first to try crowd funding the registration fee!