CoinGateway considering BitShares. Help needed.

jsidhu · May 03, 2015, 05:02:39 AM

Offer them 2.5 and call it a day

xeroc · May 02, 2015, 03:55:27 PM

I cant see why wee should pay them to add a profitable business model .. makes no sense ..

Do they even have FIAT?

Akado · May 02, 2015, 03:42:37 PM

Quote from: dannotestein on May 02, 2015, 02:58:48 PM
Unless I'm missing something, you can do this now (and more) with http://blocktrades.us or metaexchange. I suppose the idea is that having another service support BitShares is a form of advertising, but from their transaction volume it doesn't look like they would offer a lot in that department.

You're right. Having more services using our products is nice. However that's the problem atm, I currently don't know if their volume is worth whatever we have to pay to get listed.

dannotestein · May 02, 2015, 02:58:48 PM

Unless I'm missing something, you can do this now (and more) with http://blocktrades.us or metaexchange. I suppose the idea is that having another service support BitShares is a form of advertising, but from their transaction volume it doesn't look like they would offer a lot in that department.

Akado · May 02, 2015, 01:20:15 PM

Quote from: emailtooaj on May 02, 2015, 01:00:18 PM
True, 2.5btc IMO is reasonable(7 btc not so much), if they can show any reliable stats to how frequently their service is used. Still, it would be a good exposure opportunity.

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Statistics
Total Transactions 796
Total Processed 282.4255

I expected more, but either way, it's always nice to have another service supporting bitAssets and buy stuff online with bitassets

emailtooaj · May 02, 2015, 01:00:18 PM

True, 2.5btc IMO is reasonable(7 btc not so much), if they can show any reliable stats to how frequently their service is used. Still, it would be a good exposure opportunity.

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Akado · May 02, 2015, 12:51:54 PM

Quote from: emailtooaj on May 02, 2015, 12:37:16 PM
Did they say what the fee amount is?

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"Our requirements are very simple. We require a coin to be listed on a reputable exchange, have a reasonable amount of trading volume and have a good user base. Finally we require a listing fee between 2.5 - 7.5 BTC depending on the requirements. "

They say once they list it, they won't take it off, however I must say that's a too high amount to pay for, even if all the delegates and everyone helped.

I even think 2.5 btc is high, let alone 7.5 but I guess its the community's choice

emailtooaj · May 02, 2015, 12:37:16 PM

Did they say what the fee amount is?

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Akado · May 02, 2015, 12:11:26 PM

So I decided to get in contact with CoinGateway to add bitAssets.

"The coin I would like to be reviewed is BitShares' bitasset, bitUSD, since it's stable and pegged to the usd (Along with bitCNY, bitEUR, etc). I think it could bring stability to merchants without the need to cash out bitcoin for fiat. Instead, money would still continue within the crypto-sphere.

Is that fee you mention only to list the coin or also to review it?

Thanks"

Their reply,

"Hi,

We have already considered accepting BitShares but no one had got back to us, BitShares definitely qualifies for listing along with BitAsset/BitUSD. The fee would be for listing only yes, the initial review is free."

Would someone help me and also get in touch with them. Show that we're interested. I'm not the most technical guy so if they need more technical information I would really appreciate for someone with the skills to take over. I know this is not a priority right now, getting bitAssets to merchants, however that doesn't mean we can take the luxury of letting opportunities go away.

I currently asked what's the next step for them to add BitShares to their service. I know we need to pay a fee to get there, but i don't know the procedure, what's the next step.

Thanks.