Author Topic: USD, EUR and CNY Gateway created on CCEDK.com  (Read 48225 times)

0 Members and 1 Guest are viewing this topic.

Offline Digital Lucifer

  • Sr. Member
  • ****
  • Posts: 368
  • BitShares Maximalist & Venture Architect
    • View Profile
    • BitShares
  • BitShares: dls.cipher
  • GitHub: dls-cipher
https://twitter.com/BitShares_Luci/status/1422320235680460816?s=20

Small CMS with nothing but forms to complain on ecosystem of BitShares and its participants -->> Coming up next.

Stop corruption, stop scammers, preserve REAL value.

Chee®s
Milos (DL) Preocanin
Owner and manager of bitshares.org
Move Institute, Non-profit organization
RN: 2098555000
Murska Sobota, Slovenia.

Offline Pauly

  • Newbie
  • *
  • Posts: 11
    • View Profile
Hello Everyone,

I'm happy to Congratulate Ronny Boesing and everyone contributing in their way to the Big Success that is the, OpenLedger Eco System of Blockchains :)...
The Sky is truly the limit... 
I would say...  OpenLedger is limitless in opportunity it may extend to any human being residing on this planet...
I personally have been waiting patiently as plans within plan come to pass...  and look at what we all have created together so far...
I love BTS, BTC, OBITS, ICOO, MUSE, HEAT etal...
I am so enthusiastic about the future of OpenLedger...
Lets all have lots of fun on the journey...
I Love OpenLedger...

Edward
honest-money

This didn't age well.. there honest-money...  OpenLedger turned out to be vapor well promoted by the very best amongst BTS... for years.
Stol'd it all.
"contact us about getting your coin"...then.  "nah nevermind". freezing withdrawals.

It wouldn't be as egregious if Ronny Boesing wasn't still around promoting a lot of other vapor... while not suffering any of the "normal" financial burdens (Garza, Ryan Kennedy, Karpelès) for stealing people's money....
https://twitter.com/boesingronny

Offline edward freeman

Hello Everyone,

I'm happy to Congratulate Ronny Boesing and everyone contributing in their way to the Big Success that is the, OpenLedger Eco System of Blockchains :)...
The Sky is truly the limit... 
I would say...  OpenLedger is limitless in opportunity it may extend to any human being residing on this planet...
I personally have been waiting patiently as plans within plan come to pass...  and look at what we all have created together so far...
I love BTS, BTC, OBITS, ICOO, MUSE, HEAT etal...
I am so enthusiastic about the future of OpenLedger...
Lets all have lots of fun on the journey...
I Love OpenLedger...

Edward
honest-money



Offline Brekyrself

  • Hero Member
  • *****
  • Posts: 512
    • View Profile
ccedk

A user on the openledger troll box is saying they have been trying to register for FIAT since September 5th with no luck.  They also mentioned emailing  ronny@ccedk.com with no reply.  Anything to help this user?

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
I'm not a daytrader so I'm not able to participate in Exchange actions to bring more volume.
But I'm willing to support the ecosystem by redirecting a part of my monthly FIAT savings into Pegged Assets like BitUSD/BitEUR etc.

Example process:
I send every month FIAT to CCEDK Account. (manually)
Exchange automatically converts my FIAT to BitEUR with a max predefined spread e.g. 1%.
BitEUR is automatically send to my own cryptosavings account.

If this process is highly automated you definitly got me and finally I can support the ecosys with just a classic FIAT transaction.

It will be possible in a few days to prepare a deposit and withdrawal request directly on Openledger platform, once amount is received in bank, based on your rq it will be added to account name specified by you in the crypto value equivalent to your fiat deposit minus 3%

when you withdraw crypto value, you will be asked to enter your bank details and you will receive fiat minus 3%

This is the percentage for the time being untill we have equal amounts of crypto available, and still provided there are equivalent amounts of crypto to fiat and vice versa.

The intention is furthermore, once a month, after an initial three months to add 50% of whatever amount from deposit fees is available on account specially made for deposits and withdrawals to an account called ccedk.bits.

bottom line is we plan on taking 1,5% at CCEDK for the fiat gateway, and what is left will be left on an account for all to see and added to a special asset connected to OpenLedger called OBITS
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline btswolf

I'm not a daytrader so I'm not able to participate in Exchange actions to bring more volume.
But I'm willing to support the ecosystem by redirecting a part of my monthly FIAT savings into Pegged Assets like BitUSD/BitEUR etc.

Example process:
I send every month FIAT to CCEDK Account. (manually)
Exchange automatically converts my FIAT to BitEUR with a max predefined spread e.g. 1%.
BitEUR is automatically send to my own cryptosavings account.

If this process is highly automated you definitly got me and finally I can support the ecosys with just a classic FIAT transaction.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
This should lead to a Cambrian Explosion of new financial products. 
Hard to predict what will catch on, but opportunities for innovation abound.


love the cambrian explosion analogy

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
1) Act as a gateway between external assets and on-chain assets
2) Act as a reputation-dependent issuer of IOUs for external assets such as fiat, BTC or alt-coins
3) Act as a traditional exchange in facilitating markets for its own customers
4) Marketing and earning referral fees from BitShares users
5) Offer ancillary services of benefit to the community (cards etc)
you forgot about being a (possibly external) KYC/AML provider ..

If I didn't want to do KYC/AML I could "lease" that service from them (or from anyone else) .. at least technically

Offline Stan

  • Hero Member
  • *****
  • Posts: 2908
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan

Exchanges can continue to do anything they did before, including having funds on deposit from users that carry traditional exchange counterparty risk.

But they don't need to.  They could have a simple interface like shapeshift, blocktrades, metaexchange where buying BTS or a Smartcoin (eg BitUSD, BitGold) is more like buying a book from inventory on Amazon.  The exchange either has them in inventory or buys them off the BitShares Exchange for you just in time using any other currency they have on the BitShares exchange already.

Most likely, that asset is one they have issued themselves on the BitShares network.  Exchange A might issue EXA.USD and Exchange B might issue EXB.USD.  These they guarantee to always redeem for fiat USD and that promise is as good as their reputation.  Thus, EXA.USD and EXB.USD might trade slightly differently against BitUSD on the BitShares Exchange depending on the perceived reputations of the two exchanges.

Now, anything can trade against anything on BitShares 2.0 so you could trade EXA.USD against EXB.USD or against BitUSD or anything else.

I might pay USD to Exchange A (via a convenient ATM they have) to have EXA.USD placed my BitShares account.
     During this time I'm exposed to Exchange A counterparty risk.
     I might then offer EXA.USD for BitUSD in a market whose depth is a function of Exchange A's popularity.
     
Now I'm in BitUSD and can trade deeply against holders of BitUSD referred by all exchanges
     to obtain deep markets in assets offered for sale by users referred by all exchanges.
     During this time I have no counterparty risk - just blockchain systemic risk.

When its time to leave I might decide to exit through Exchange B (because they have a debit card I like)
     I trade BitCNY against EXB.CNY in a market whose depth is a function of Exchange B's popularity.
     During this time I'm exposed to Exchange B counterparty risk.

So 99% of the time I'm completely inside the BitShares blockchain, and exposed to exchange risk only for a few seconds while I'm "just passing through".

This doesn't bother the member exchanges, because they have a stake in the fees from all my transactions while I'm nice and safe inside the blockchain and doing transactions among a bigger economic pool of users and assets and services from all exchanges.

So the exchanges can provide the following services?

1) Act as a gateway between external assets and on-chain assets
2) Act as a reputation-dependent issuer of IOUs for external assets such as fiat, BTC or alt-coins
3) Act as a traditional exchange in facilitating markets for its own customers
4) Marketing and earning referral fees from BitShares users
5) Offer ancillary services of benefit to the community (cards etc)

Each of these activities can earn profit for the exchange.

My interpretation of the discussion so far is that the benefit of shared market depth relates to trading between on-chain assets (both user and market issued) after users have passed through the exchange-specific IOU gateway.

I think that if exchanges can issue IOUs as tokens, for fiat or any other external asset, that is a benefit to users. It allows users to trade freely in the IOU based on the reputation of the issuer, the price will reflect any growing concerns with the issuer, and in the event of a problem they can be liquid even if they don't realise full value.

This should lead to a Cambrian Explosion of new financial products. 
Hard to predict what will catch on, but opportunities for innovation abound.

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline starspirit

  • Hero Member
  • *****
  • Posts: 948
  • Financial markets pro over 20 years
    • View Profile
  • BitShares: starspirit

Exchanges can continue to do anything they did before, including having funds on deposit from users that carry traditional exchange counterparty risk.

But they don't need to.  They could have a simple interface like shapeshift, blocktrades, metaexchange where buying BTS or a Smartcoin (eg BitUSD, BitGold) is more like buying a book from inventory on Amazon.  The exchange either has them in inventory or buys them off the BitShares Exchange for you just in time using any other currency they have on the BitShares exchange already.

Most likely, that asset is one they have issued themselves on the BitShares network.  Exchange A might issue EXA.USD and Exchange B might issue EXB.USD.  These they guarantee to always redeem for fiat USD and that promise is as good as their reputation.  Thus, EXA.USD and EXB.USD might trade slightly differently against BitUSD on the BitShares Exchange depending on the perceived reputations of the two exchanges.

Now, anything can trade against anything on BitShares 2.0 so you could trade EXA.USD against EXB.USD or against BitUSD or anything else.

I might pay USD to Exchange A (via a convenient ATM they have) to have EXA.USD placed my BitShares account.
     During this time I'm exposed to Exchange A counterparty risk.
     I might then offer EXA.USD for BitUSD in a market whose depth is a function of Exchange A's popularity.
     
Now I'm in BitUSD and can trade deeply against holders of BitUSD referred by all exchanges
     to obtain deep markets in assets offered for sale by users referred by all exchanges.
     During this time I have no counterparty risk - just blockchain systemic risk.

When its time to leave I might decide to exit through Exchange B (because they have a debit card I like)
     I trade BitCNY against EXB.CNY in a market whose depth is a function of Exchange B's popularity.
     During this time I'm exposed to Exchange B counterparty risk.

So 99% of the time I'm completely inside the BitShares blockchain, and exposed to exchange risk only for a few seconds while I'm "just passing through".

This doesn't bother the member exchanges, because they have a stake in the fees from all my transactions while I'm nice and safe inside the blockchain and doing transactions among a bigger economic pool of users and assets and services from all exchanges.

So the exchanges can provide the following services?

1) Act as a gateway between external assets and on-chain assets
2) Act as a reputation-dependent issuer of IOUs for external assets such as fiat, BTC or alt-coins
3) Act as a traditional exchange in facilitating markets for its own customers
4) Marketing and earning referral fees from BitShares users
5) Offer ancillary services of benefit to the community (cards etc)

Each of these activities can earn profit for the exchange.

My interpretation of the discussion so far is that the benefit of shared market depth relates to trading between on-chain assets (both user and market issued) after users have passed through the exchange-specific IOU gateway.

I think that if exchanges can issue IOUs as tokens, for fiat or any other external asset, that is a benefit to users. It allows users to trade freely in the IOU based on the reputation of the issuer, the price will reflect any growing concerns with the issuer, and in the event of a problem they can be liquid even if they don't realise full value.

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
Exchanges can continue to do anything they did before, including having funds on deposit from users that carry traditional exchange counterparty risk.

But they don't need to.  They could have a simple interface like shapeshift, blocktrades, metaexchange where buying BTS or a Smartcoin (eg BitUSD, BitGold) is more like buying a book from inventory on Amazon.  The exchange either has them in inventory or buys them off the BitShares Exchange for you just in time using any other currency they have on the BitShares exchange already.

Most likely, that asset is one they have issued themselves on the BitShares network.  Exchange A might issue EXA.USD and Exchange B might issue EXB.USD.  These they guarantee to always redeem for fiat USD and that promise is as good as their reputation.  Thus, EXA.USD and EXB.USD might trade slightly differently against BitUSD on the BitShares Exchange depending on the perceived reputations of the two exchanges.

Now, anything can trade against anything on BitShares 2.0 so you could trade EXA.USD against EXB.USD or against BitUSD or anything else.

I might pay USD to Exchange A (via a convenient ATM they have) to have EXA.USD placed my BitShares account.
     During this time I'm exposed to Exchange A counterparty risk.
     I might then offer EXA.USD for BitUSD in a market whose depth is a function of Exchange A's popularity.
     
Now I'm in BitUSD and can trade deeply against holders of BitUSD referred by all exchanges
     to obtain deep markets in assets offered for sale by users referred by all exchanges.
     During this time I have no counterparty risk - just blockchain systemic risk.

When its time to leave I might decide to exit through Exchange B (because they have a debit card I like)
     I trade BitCNY against EXB.CNY in a market whose depth is a function of Exchange B's popularity.
     During this time I'm exposed to Exchange B counterparty risk.

So 99% of the time I'm completely inside the BitShares blockchain, and exposed to exchange risk only for a few seconds while I'm "just passing through".

This doesn't bother the member exchanges, because they have a stake in the fees from all my transactions while I'm nice and safe inside the blockchain and doing transactions among a bigger economic pool of users and assets and services from all exchanges.


this is awesome and could open a new frontier in finance...very reminiscent of pre-Fed times when bank notes would trade on secondary markets as a mechanism of dealing with risk--high risk bank notes would trade at deep discounts, safer bank notes traded near par. having integrated exchange assets trading on the Bitshares network would enable a similar way of keeping exchanges honest, or at least identifying risky ones and discounting their tokens appropriately.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2908
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

It seems a lot like this is all questions based on CCEDK being the new Bitshares wallet, and as such I would appreciate @Stan to come up with some clever explanation on the various options!

Since you are asking a generic question, I'll provide a generic answer and let CCEDK and other partners comment on their specific customizations when they are ready to announce them.

At the core of everything sits the Cryptonomex web wallet with built-in decentralized exchange and financial products factory which will be hosted on partner sites.  This provides the standard back end (market order books and trading engine, etc.) and front end (hosted web wallet that looks like a familiar exchange.)

It also provides built-in interfaces to other leading coins and partner-supplied financial products and services.

Fiat can enter/exit the system via any member with the proper licenses who can buy/sell any asset on the BitShares exchange that they like from their own inventory of SmartCoins and Exchange Issued Assets.  They can even sell assets issued by other partners if they want to.  Just like selling books on Amazon - from inventory in their own wallet accounts. 

So customers can choose between bitDash or CCEDKdash on the network or actual Dash in CCEDK inventory on their dash wallet.  (Of course the CCEDKdash UIA on the bitshares network is essentially nothing but a claim on the actual Dash in the CCEDK wallet and is only as good as their counterparty promise to redeem it.)  Users get the choice whether to take that risk or pay to move into the BitShares bitDash market pegged asset to be counterparty free.  Or they could choose the CCEDK private pegged asset which only trusts CCEDK to publish a price feed not to hold the currency itself.  In practice, other exchanges will offer similar choices and all will trade with slight premiums or discounts based on perceived risk and reputation of each issuer.

Repeat:  Users get the choice.  Shocking.

Once a user has those assets, they can trade them with no further counterparty risk on the decentralized exchange - interacting with users from every partner on the network.

So, as you have just seen and will soon see again (cue the dark mystery music), businesses who are not exchanges can join our network and instantly have a basic exchange and wallet built in (just like a typical shopping cart is built in) and integrated with their industry-specific business processes

Stay tuned for more Summer Announcements.

Then each partner/industry gets to customize it as much as they want, including:
  • Making simple branding or "white label" changes with logos and color schemes.
  • Adding in GUI elements to present extra site-unique tools and features.
  • Linking between these GUI elements to custom business logic between the BitShares wallet and other coin wallets or the APIs of other fiat payment services and partners.
  • Implementing their own assets and financial products using the tools provided by BitShares for which they get their share of the fees associated with those products
  • Implementing their own unique customer support services and loyalty programs.
  • Implementing their own unique customer acquisition strategies competing to sign up BitShares users.
  • Implementing their own unique strategies to train and up-sell customers into using more services for which they are entitled to their share of the fees from the whole network for every customer they signed up.
  • Negotiating their own deals to bring other partners into the mix - like CCEDK did with Bit-X.
Example:  A worker in Omaha feeds some of his paycheck dollars into a Peak Ventures ATM machine and one second later his wife in Tijuana buys groceries with it using her CCEDK Nanocard. 

The use cases of all the newly available seamless partner integrations are mind-boggling.

Everybody wins:
The issuer of an asset   gets the fees from   the use of that asset      by everybody else's users.
The recruiter of a user   gets the fees from   the use of the network   for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.

So, bottom line:
  • Network members compete to win and retain customers - usually drawn from completely different demographics.
  • Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners.
  • They gain by having their own products and services marketed to the customers of other network members.
  • They gain by sharing market depth and liquidity in a single global marketplace.
  • They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

This changes everything.

Thanks for your comments Stan, and highlighting the flexibility in the range of assets an exchange could offer. Below are some more questions, I'm really just trying to understand how the pieces work. Feel free to correct any of my misunderstandings.

When we say the exchanges will be able to share market depth and liquidity, are we referring specifically to markets where both tokens in the pair are on-chain assets?

The way I am seeing this at the moment (correctly or not) is that, like a traditional exchange, I can deposit fiat USD, alt-coins, or other types of assets to the member exchange. Any deposits in the form of off-chain assets (e.g. fiat currency, BTC, LTC etc) then get credited to my account with that member exchange as an IOU from them, supported by their inventory of that asset, until I withdraw them from the member exchange, or trade them for another asset. I presume I will be able to hold on-chain assets obtained through the member exchange in some way that is counterparty-risk free, and transfer to or from the hosted wallet.

I am then supposing that where I am trading between two assets, at least one of which is an IOU from the exchange, that those markets have liquidity specific to the member exchange, and do not benefit from shared depth or liquidity with other exchanges. I'm thinking this because the buyer or seller on the other side needs to want to accept the issuer-specific IOU in return.

When I do exchange trades exclusively between on-chain assets (e.g. BTS, bitUSD, bitDASH etc), then market depth and liquidity is shared because the exchange GUI is drawing on the common market in the DEX.

Is this close to what users should expect?

Exchanges can continue to do anything they did before, including having funds on deposit from users that carry traditional exchange counterparty risk.

But they don't need to.  They could have a simple interface like shapeshift, blocktrades, metaexchange where buying BTS or a Smartcoin (eg BitUSD, BitGold) is more like buying a book from inventory on Amazon.  The exchange either has them in inventory or buys them off the BitShares Exchange for you just in time using any other currency they have on the BitShares exchange already.

Most likely, that asset is one they have issued themselves on the BitShares network.  Exchange A might issue EXA.USD and Exchange B might issue EXB.USD.  These they guarantee to always redeem for fiat USD and that promise is as good as their reputation.  Thus, EXA.USD and EXB.USD might trade slightly differently against BitUSD on the BitShares Exchange depending on the perceived reputations of the two exchanges.

Now, anything can trade against anything on BitShares 2.0 so you could trade EXA.USD against EXB.USD or against BitUSD or anything else.

I might pay USD to Exchange A (via a convenient ATM they have) to have EXA.USD placed my BitShares account.
     During this time I'm exposed to Exchange A counterparty risk.
     I might then offer EXA.USD for BitUSD in a market whose depth is a function of Exchange A's popularity.
     
Now I'm in BitUSD and can trade deeply against holders of BitUSD referred by all exchanges
     to obtain deep markets in assets offered for sale by users referred by all exchanges.
     During this time I have no counterparty risk - just blockchain systemic risk.

When its time to leave I might decide to exit through Exchange B (because they have a debit card I like)
     I trade BitCNY against EXB.CNY in a market whose depth is a function of Exchange B's popularity.
     During this time I'm exposed to Exchange B counterparty risk.

So 99% of the time I'm completely inside the BitShares blockchain, and exposed to exchange risk only for a few seconds while I'm "just passing through".

This doesn't bother the member exchanges, because they have a stake in the fees from all my transactions while I'm nice and safe inside the blockchain and doing transactions among a bigger economic pool of users and assets and services from all exchanges.


 
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline starspirit

  • Hero Member
  • *****
  • Posts: 948
  • Financial markets pro over 20 years
    • View Profile
  • BitShares: starspirit
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

It seems a lot like this is all questions based on CCEDK being the new Bitshares wallet, and as such I would appreciate @Stan to come up with some clever explanation on the various options!

Since you are asking a generic question, I'll provide a generic answer and let CCEDK and other partners comment on their specific customizations when they are ready to announce them.

At the core of everything sits the Cryptonomex web wallet with built-in decentralized exchange and financial products factory which will be hosted on partner sites.  This provides the standard back end (market order books and trading engine, etc.) and front end (hosted web wallet that looks like a familiar exchange.)

It also provides built-in interfaces to other leading coins and partner-supplied financial products and services.

Fiat can enter/exit the system via any member with the proper licenses who can buy/sell any asset on the BitShares exchange that they like from their own inventory of SmartCoins and Exchange Issued Assets.  They can even sell assets issued by other partners if they want to.  Just like selling books on Amazon - from inventory in their own wallet accounts. 

So customers can choose between bitDash or CCEDKdash on the network or actual Dash in CCEDK inventory on their dash wallet.  (Of course the CCEDKdash UIA on the bitshares network is essentially nothing but a claim on the actual Dash in the CCEDK wallet and is only as good as their counterparty promise to redeem it.)  Users get the choice whether to take that risk or pay to move into the BitShares bitDash market pegged asset to be counterparty free.  Or they could choose the CCEDK private pegged asset which only trusts CCEDK to publish a price feed not to hold the currency itself.  In practice, other exchanges will offer similar choices and all will trade with slight premiums or discounts based on perceived risk and reputation of each issuer.

Repeat:  Users get the choice.  Shocking.

Once a user has those assets, they can trade them with no further counterparty risk on the decentralized exchange - interacting with users from every partner on the network.

So, as you have just seen and will soon see again (cue the dark mystery music), businesses who are not exchanges can join our network and instantly have a basic exchange and wallet built in (just like a typical shopping cart is built in) and integrated with their industry-specific business processes

Stay tuned for more Summer Announcements.

Then each partner/industry gets to customize it as much as they want, including:
  • Making simple branding or "white label" changes with logos and color schemes.
  • Adding in GUI elements to present extra site-unique tools and features.
  • Linking between these GUI elements to custom business logic between the BitShares wallet and other coin wallets or the APIs of other fiat payment services and partners.
  • Implementing their own assets and financial products using the tools provided by BitShares for which they get their share of the fees associated with those products
  • Implementing their own unique customer support services and loyalty programs.
  • Implementing their own unique customer acquisition strategies competing to sign up BitShares users.
  • Implementing their own unique strategies to train and up-sell customers into using more services for which they are entitled to their share of the fees from the whole network for every customer they signed up.
  • Negotiating their own deals to bring other partners into the mix - like CCEDK did with Bit-X.
Example:  A worker in Omaha feeds some of his paycheck dollars into a Peak Ventures ATM machine and one second later his wife in Tijuana buys groceries with it using her CCEDK Nanocard. 

The use cases of all the newly available seamless partner integrations are mind-boggling.

Everybody wins:
The issuer of an asset   gets the fees from   the use of that asset      by everybody else's users.
The recruiter of a user   gets the fees from   the use of the network   for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.

So, bottom line:
  • Network members compete to win and retain customers - usually drawn from completely different demographics.
  • Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners.
  • They gain by having their own products and services marketed to the customers of other network members.
  • They gain by sharing market depth and liquidity in a single global marketplace.
  • They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

This changes everything.

Thanks for your comments Stan, and highlighting the flexibility in the range of assets an exchange could offer. Below are some more questions, I'm really just trying to understand how the pieces work. Feel free to correct any of my misunderstandings.

When we say the exchanges will be able to share market depth and liquidity, are we referring specifically to markets where both tokens in the pair are on-chain assets?

The way I am seeing this at the moment (correctly or not) is that, like a traditional exchange, I can deposit fiat USD, alt-coins, or other types of assets to the member exchange. Any deposits in the form of off-chain assets (e.g. fiat currency, BTC, LTC etc) then get credited to my account with that member exchange as an IOU from them, supported by their inventory of that asset, until I withdraw them from the member exchange, or trade them for another asset. I presume I will be able to hold on-chain assets obtained through the member exchange in some way that is counterparty-risk free, and transfer to or from the hosted wallet.

I am then supposing that where I am trading between two assets, at least one of which is an IOU from the exchange, that those markets have liquidity specific to the member exchange, and do not benefit from shared depth or liquidity with other exchanges. I'm thinking this because the buyer or seller on the other side needs to want to accept the issuer-specific IOU in return.

When I do exchange trades exclusively between on-chain assets (e.g. BTS, bitUSD, bitDASH etc), then market depth and liquidity is shared because the exchange GUI is drawing on the common market in the DEX.

Is this close to what users should expect?


Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
.... but do hope @xeroc will comment as to why he thought it was not sufficient?
I was expecting a differently structured API documentation ... links to the private api can be easily missed (that's what happend to me)
Though I must confess I wasn't looking too much into the API ..

I would love to see something like this:
http://swagger.io/

dude, swagger.io is effing awesome! We should fund a serious effort that focuses solely on BTS interoperability/connectivity/API ...hell, just gaining the reputation of being the friendliest API in the crypto space could pay massive dividends by attracting more talent.

SWAGGER! SWAGGER! SWAGGER!

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
.... but do hope @xeroc will comment as to why he thought it was not sufficient?
I was expecting a differently structured API documentation ... links to the private api can be easily missed (that's what happend to me)
Though I must confess I wasn't looking too much into the API ..

I would love to see something like this:
http://swagger.io/

but can understand I costs alot of time and resources to implement ..


BTW, who's a Java guru and can implement the BitShares DEX into
https://github.com/timmolter/XChange
??????

Offline Permie

  • Hero Member
  • *****
  • Posts: 606
  • BitShares is the mycelium of the financial-earth
    • View Profile
  • BitShares: krimduss
cool. once the big push for 2.0 is complete, it might be worth taking some time and funding effort to make the best API docs and tools on the market. sometimes simply facilitating connectivity offers higher marginal payoffs than new features.
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
[Feature request] Please provide a NodeJS/Python/PHP and or Java implementation for your API ..

I think the lack of liquidity can be GREATLY reduced if you had a properly described API page and a (few) corresponding implementation(s)

edit: maybe add yourself here:
https://github.com/timmolter/XChange

There are code examples in their API docs specifically for PHP.
https://ccedk.mojohelpdesk.com/help/article/136557

I found their documentation sufficient to quickly and easily get up and running.   Certainly no less than what you get from many other exchanges.  Though, noone would complain about more examples in different code languages.

Thank you @Xeldal, I must admit I was puzzled about this issue, as I thought we did have sufficient API information to do some nice trading on exchange, and i asked my devs more times, where they could not understand the problem. I know undeatand why, thanks to you :) It saved me some unnessesary headache, but do hope @xeroc will comment as to why he thought it was not sufficient?
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
[Feature request] Please provide a NodeJS/Python/PHP and or Java implementation for your API ..

I think the lack of liquidity can be GREATLY reduced if you had a properly described API page and a (few) corresponding implementation(s)

edit: maybe add yourself here:
https://github.com/timmolter/XChange

There are code examples in their API docs specifically for PHP.
https://ccedk.mojohelpdesk.com/help/article/136557

I found their documentation sufficient to quickly and easily get up and running.   Certainly no less than what you get from many other exchanges.  Though, noone would complain about more examples in different code languages.

cool. once the big push for 2.0 is complete, it might be worth taking some time and funding effort to make the best API docs and tools on the market. sometimes simply facilitating connectivity offers higher marginal payoffs than new features.

Xeldal

  • Guest
[Feature request] Please provide a NodeJS/Python/PHP and or Java implementation for your API ..

I think the lack of liquidity can be GREATLY reduced if you had a properly described API page and a (few) corresponding implementation(s)

edit: maybe add yourself here:
https://github.com/timmolter/XChange

There are code examples in their API docs specifically for PHP.
https://ccedk.mojohelpdesk.com/help/article/136557

I found their documentation sufficient to quickly and easily get up and running.   Certainly no less than what you get from many other exchanges.  Though, noone would complain about more examples in different code languages.


Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
[Feature request] Please provide a NodeJS/Python/PHP and or Java implementation for your API ..

I think the lack of liquidity can be GREATLY reduced if you had a properly described API page and a (few) corresponding implementation(s)

edit: maybe add yourself here:
https://github.com/timmolter/XChange

Yup! Making it easy for outsiders to connect makes all the difference in the world...

Offline Permie

  • Hero Member
  • *****
  • Posts: 606
  • BitShares is the mycelium of the financial-earth
    • View Profile
  • BitShares: krimduss
The Tipping Point for BitShares is going to be monumental.
Assuming integration takes a matter of weeks rather than months the dominos are going to fall so fast that taking a long holiday could mean you miss all the fun!

Quote
But it's a centralized SCAMcoin and bitMarmots will never work, just "BECAUSE"!! (Paraphrasing and hyperbole mine)
Nice try, Preston.
(Search "BitShares: Don’t walk away. Run" if you don't know what I'm talking about. He ain't getting any more links here)

So glad there is more detailed information now, bts clarity arrived so recently that I doubt word has even started to spread yet. Money talks, and bts businesses will profit.
Holders profit from their research, businesses profit on their bottom line.
The economic rationale of the BitShares team is what sets it apart from other asset exchanges, the adage "Invest in people" is sound advice indeed.

This post makes a great explanation, Stan.
I've added a little context as an intro for sending to the uninitiated.

Quote
BitShares is a decentralized asset exchange that allows users (people and businesses) to trade real-world assets with almost no counterpary risk and issue their own assets and profit from the fees paid during their use.
BitShares is a shared, transparent order-book that can execute up to 100,000 transactions per second. The bts order-book allows competing exchanges to pool together their liquidity by integrating  bitshares as the back-end and instead compete on User Experience, banking relationships and other consumer friendly features.
This results in a better deal for end users and a more streamlined business and higher profits for the exchanges. As the number of bitshares users and participating exchanges increases, the value of bitshares also increases.
BitShares members are also encouraged to sign up new users with a referral program, up to $80 per user depending on their usage.

1 bts is currently worth: 0.4 pennies (GBP)
If the BitShares ecosystem grows to the size of:
Bitcoin: 1bts would be worth £1 (x250 from today)
Amazon Gift cards (which can be more profitably issued on bts): £4 (x1000)
Air Miles, loyalty points, store credit, giftcards (can be more profitably issued on bts): £40 (x10,000)
Taiwanese Stock Exchange (can use bts): £296 (x74,000)
NYSE (can use bts to increase profits): £7,500 (x1,923,300)
« Last Edit: July 09, 2015, 12:37:10 pm by Permie »
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline Ben Mason

  • Hero Member
  • *****
  • Posts: 1070
  • Integrity & Innovation, powered by Bitshares
    • View Profile
  • BitShares: benjojo
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

It seems a lot like this is all questions based on CCEDK being the new Bitshares wallet, and as such I would appreciate @Stan to come up with some clever explanation on the various options!

Since you are asking a generic question, I'll provide a generic answer and let CCEDK and other partners comment on their specific customizations when they are ready to announce them.

At the core of everything sits the Cryptonomex web wallet with built-in decentralized exchange and financial products factory which will be hosted on partner sites.  This provides the standard back end (market order books and trading engine, etc.) and front end (hosted web wallet that looks like a familiar exchange.)

It also provides built-in interfaces to other leading coins and partner-supplied financial products and services.

Fiat can enter/exit the system via any member with the proper licenses who can buy/sell any asset on the BitShares exchange that they like from their own inventory of SmartCoins and Exchange Issued Assets.  They can even sell assets issued by other partners if they want to.  Just like selling books on Amazon - from inventory in their own wallet accounts. 

So customers can choose between bitDash or CCEDKdash on the network or actual Dash in CCEDK inventory on their dash wallet.  (Of course the CCEDKdash UIA on the bitshares network is essentially nothing but a claim on the actual Dash in the CCEDK wallet and is only as good as their counterparty promise to redeem it.)  Users get the choice whether to take that risk or pay to move into the BitShares bitDash market pegged asset to be counterparty free.  Or they could choose the CCEDK private pegged asset which only trusts CCEDK to publish a price feed not to hold the currency itself.  In practice, other exchanges will offer similar choices and all will trade with slight premiums or discounts based on perceived risk and reputation of each issuer.

Repeat:  Users get the choice.  Shocking.

Once a user has those assets, they can trade them with no further counterparty risk on the decentralized exchange - interacting with users from every partner on the network.

So, as you have just seen and will soon see again (cue the dark mystery music), businesses who are not exchanges can join our network and instantly have a basic exchange and wallet built in (just like a typical shopping cart is built in) and integrated with their industry-specific business processes

Stay tuned for more Summer Announcements.

Then each partner/industry gets to customize it as much as they want, including:
  • Making simple branding or "white label" changes with logos and color schemes.
  • Adding in GUI elements to present extra site-unique tools and features.
  • Linking between these GUI elements to custom business logic between the BitShares wallet and other coin wallets or the APIs of other fiat payment services and partners.
  • Implementing their own assets and financial products using the tools provided by BitShares for which they get their share of the fees associated with those products
  • Implementing their own unique customer support services and loyalty programs.
  • Implementing their own unique customer acquisition strategies competing to sign up BitShares users.
  • Implementing their own unique strategies to train and up-sell customers into using more services for which they are entitled to their share of the fees from the whole network for every customer they signed up.
  • Negotiating their own deals to bring other partners into the mix - like CCEDK did with Bit-X.
Example:  A worker in Omaha feeds some of his paycheck dollars into a Peak Ventures ATM machine and one second later his wife in Tijuana buys groceries with it using her CCEDK Nanocard. 

The use cases of all the newly available seamless partner integrations are mind-boggling.

Everybody wins:
The issuer of an asset   gets the fees from   the use of that asset      by everybody else's users.
The recruiter of a user   gets the fees from   the use of the network   for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.

So, bottom line:
  • Network members compete to win and retain customers - usually drawn from completely different demographics.
  • Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners.
  • They gain by having their own products and services marketed to the customers of other network members.
  • They gain by sharing market depth and liquidity in a single global marketplace.
  • They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

This changes everything.

Thanks Stan, this is a super clear explanation that has really helped me to get my head around the exploding possibilities.  I'm starting to understand the potential here, it's mind-blowing.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2908
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

It seems a lot like this is all questions based on CCEDK being the new Bitshares wallet, and as such I would appreciate @Stan to come up with some clever explanation on the various options!

Since you are asking a generic question, I'll provide a generic answer and let CCEDK and other partners comment on their specific customizations when they are ready to announce them.

At the core of everything sits the Cryptonomex web wallet with built-in decentralized exchange and financial products factory which will be hosted on partner sites.  This provides the standard back end (market order books and trading engine, etc.) and front end (hosted web wallet that looks like a familiar exchange.)

It also provides built-in interfaces to other leading coins and partner-supplied financial products and services.

Fiat can enter/exit the system via any member with the proper licenses who can buy/sell any asset on the BitShares exchange that they like from their own inventory of SmartCoins and Exchange Issued Assets.  They can even sell assets issued by other partners if they want to.  Just like selling books on Amazon - from inventory in their own wallet accounts. 

So customers can choose between bitDash or CCEDKdash on the network or actual Dash in CCEDK inventory on their dash wallet.  (Of course the CCEDKdash UIA on the bitshares network is essentially nothing but a claim on the actual Dash in the CCEDK wallet and is only as good as their counterparty promise to redeem it.)  Users get the choice whether to take that risk or pay to move into the BitShares bitDash market pegged asset to be counterparty free.  Or they could choose the CCEDK private pegged asset which only trusts CCEDK to publish a price feed not to hold the currency itself.  In practice, other exchanges will offer similar choices and all will trade with slight premiums or discounts based on perceived risk and reputation of each issuer.

Repeat:  Users get the choice.  Shocking.

Once a user has those assets, they can trade them with no further counterparty risk on the decentralized exchange - interacting with users from every partner on the network.

So, as you have just seen and will soon see again (cue the dark mystery music), businesses who are not exchanges can join our network and instantly have a basic exchange and wallet built in (just like a typical shopping cart is built in) and integrated with their industry-specific business processes

Stay tuned for more Summer Announcements.

Then each partner/industry gets to customize it as much as they want, including:
  • Making simple branding or "white label" changes with logos and color schemes.
  • Adding in GUI elements to present extra site-unique tools and features.
  • Linking between these GUI elements to custom business logic between the BitShares wallet and other coin wallets or the APIs of other fiat payment services and partners.
  • Implementing their own assets and financial products using the tools provided by BitShares for which they get their share of the fees associated with those products
  • Implementing their own unique customer support services and loyalty programs.
  • Implementing their own unique customer acquisition strategies competing to sign up BitShares users.
  • Implementing their own unique strategies to train and up-sell customers into using more services for which they are entitled to their share of the fees from the whole network for every customer they signed up.
  • Negotiating their own deals to bring other partners into the mix - like CCEDK did with Bit-X.
Example:  A worker in Omaha feeds some of his paycheck dollars into a Peak Ventures ATM machine and one second later his wife in Tijuana buys groceries with it using her CCEDK Nanocard. 

The use cases of all the newly available seamless partner integrations are mind-boggling.

Everybody wins:
The issuer of an asset   gets the fees from   the use of that asset      by everybody else's users.
The recruiter of a user   gets the fees from   the use of the network   for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.

So, bottom line:
  • Network members compete to win and retain customers - usually drawn from completely different demographics.
  • Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners.
  • They gain by having their own products and services marketed to the customers of other network members.
  • They gain by sharing market depth and liquidity in a single global marketplace.
  • They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

This changes everything.
« Last Edit: July 09, 2015, 04:01:38 am by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

It seems a lot like this is all questions based on CCEDK being the new Bitshares wallet, and as such I would appreciate @Stan to come up with some clever explanation on the various options!
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline starspirit

  • Hero Member
  • *****
  • Posts: 948
  • Financial markets pro over 20 years
    • View Profile
  • BitShares: starspirit
I would like to better understand how the actual functionality will look for users, because it appears a bit vague to me at the moment. (Apologies if the answers are obvious to others). So as a starting point:

Say I have fiat USD, and I want to start trading cryptos. I send the fiat USD to CCEDK - do I then receive bitUSD in return or a gateway USD (say CCEDK.USD)?

Likewise if I were to send BTC or alt-coin to CCEDK, do I receive the Smartcoin version (e.g. bitBTC) or a gateway equivalent (say CCEDK.BTC)? If there were more than one privatised Smartcoin equivalent of any fiat or crypto, which version would I receive?

Assuming I receive the appropriate Smartcoin equivalents, then is my crypto-trading limited to whatever cryptos are currently represented in BitShares in Smartcoin form? ie. I speculate in bitDASH rather than real DASH or a gateway IOU called CCEDK.DASH?

What is the profit model for CCEDK dependent on? For example, would CCEDK be creating their own privatised Smartcoins to represent DOGE, DASH, BLK etc in order to earn trading fees as a privatised issuer? Or would they be rewarded in some way for setting up markets for various trading pairs? If there are multiple exchanges like CCEDK in the network competing in these activities, would we end up with multiple representations of each coin (which would not seem very efficient from a user perspective)?

Or is the profit model transformed primarily into a referral model, where CCEDK receives a cut of all trading activity in the BitShares exchange resulting from members brought into the system?

How are different exchanges in the BitShares Exchange Network likely to differentiate themselves?

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
[Feature request] Please provide a NodeJS/Python/PHP and or Java implementation for your API ..

I think the lack of liquidity can be GREATLY reduced if you had a properly described API page and a (few) corresponding implementation(s)

edit: maybe add yourself here:
https://github.com/timmolter/XChange
« Last Edit: July 07, 2015, 08:36:57 am by xeroc »


Offline Stan

  • Hero Member
  • *****
  • Posts: 2908
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan
What is "SmartCoin™", why is it "trademarked" and who owns it?

Hmm, now you ar making me confused. Cass gave me this info. Understoo it was trademarked as part of the bistassets.

I may be mistaken, but I don't think Cryptonomex or Invictus own any trademarks. Stan can clarify for sure.

The "TM" means it is being used as a trademark, as opposed to the circled (R) which means registered with a government.
We are free (and prudent) to make clear what we are using as trademarks whether or not we are successful at registering one formally.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Riverhead


Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Finally the article from Bitcoinist, better late than never. Thank you Bitcoinist and JP Buntix

http://bitcoinist.net/ccedk-exchange-unifies-digital-currency-card-transactions/

Please go out there to give it some twitter love :):

CCEDK Exchange Unifies Digital Currency With Card Transactions http://bitcoinist.net/ccedk-exchange-unifies-digital-currency-card-transactions/ … via @bitcoinist #nanocard #CCEDK #bitshares crypto

or this one

WTB/WTS #SmartCoins #BitUSD, #BitEUR or #BitCNY @CCEDK_ USD via instant order function https://www.ccedk.com/btc-usd  @_bitshares #nanocard order

or this one

#CCEDK & #Bit-X to Revolutionize #cryptocurrency Industry  - NASDAQ News Today - EIN News http://nasdaq.einnews.com/pr_news/271390504/ccedk-bit-x-to-revolutionize-cryptocurrency-industry … via @ein_news #nanocard

or this one

Press release @CCEDK_ & @bitx2014 to Revolutionize Cryptocurrency Industry with the speed of the #NASDAQ http://nasdaq.einnews.com/pr_news/271390504/ccedk-bit-x-to-revolutionize-cryptocurrency-industry … #nanocard

Just one of the above or similar from each of you with a twitter account would help bring the word out there, thanks
« Last Edit: June 20, 2015, 01:22:55 pm by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

iHashFury

  • Guest
Just set-up my ccedk account. I have transferred 0.11BTC via Metaexchange and 106GBP via bank transfer.
I am now waiting for the Pending deposits so I can order the nanocard.

Transfers are quick. No problems so far  8)

hello Ihash,

First of all welcome, you have given me a bit of a puzzle to figure out as you have created a GBP transfer today, although no buttons indicating direct transfer in GBP. We took the GBP away for better focus on Euro and USD, however always looking for ways to get GBP on the map also on CCEDK. We are using our new bank connection for GBP transfers pls have a look on this thread.https://bitsharestalk.org/index.php/topic,16848.msg215567.html#msg215567

If amount already sent no problem, it will arrive to our local bank. Lets see the speed on that.

U can always contact me directly by e-mail ronny@ccedk.com or via PM here for skype contact as well if any questions. I will be happy to assist in any way possible.

BTC deposited and NanoCard successfully ordered  8)

Thank you for the information on GBP (it was just a test). I should have read your post on European bank transfers as it would have cost less in bank fees.

Can I trade the GBP for EUR or even better bitEUR on ccedk?

Fast efficient gateway. I recommend you give it a try.  +5%

Offline vikram

What is "SmartCoin™", why is it "trademarked" and who owns it?

Hmm, now you ar making me confused. Cass gave me this info. Understoo it was trademarked as part of the bistassets.

I may be mistaken, but I don't think Cryptonomex or Invictus own any trademarks. Stan can clarify for sure.

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts

Can I trade the GBP for EUR or even better bitEUR on ccedk?

Idea with this link is for people to send in their local currency, they do have to check the rates through, can never say for sure if its an acceptable rate or not, but the idea is for everyone this way to trade in their own local currency and then it is switched to either eur or usd depending on where you send from for you to buy biteur or bitusd through the trading pairs.

So, yes it should be possible this way
« Last Edit: June 12, 2015, 12:03:39 pm by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

iHashFury

  • Guest
Just set-up my ccedk account. I have transferred 0.11BTC via Metaexchange and 106GBP via bank transfer.
I am now waiting for the Pending deposits so I can order the nanocard.

Transfers are quick. No problems so far  8)

hello Ihash,

First of all welcome, you have given me a bit of a puzzle to figure out as you have created a GBP transfer today, although no buttons indicating direct transfer in GBP. We took the GBP away for better focus on Euro and USD, however always looking for ways to get GBP on the map also on CCEDK. We are using our new bank connection for GBP transfers pls have a look on this thread.https://bitsharestalk.org/index.php/topic,16848.msg215567.html#msg215567

If amount already sent no problem, it will arrive to our local bank. Lets see the speed on that.

U can always contact me directly by e-mail ronny@ccedk.com or via PM here for skype contact as well if any questions. I will be happy to assist in any way possible.

BTC deposited and NanoCard successfully ordered  8)

Thank you for the information on GBP (it was just a test). I should have read your post on European bank transfers as it would have cost less in bank fees.

Can I trade the GBP for EUR or even better bitEUR on ccedk?

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Just set-up my ccedk account. I have transferred 0.11BTC via Metaexchange and 106GBP via bank transfer.
I am now waiting for the Pending deposits so I can order the nanocard.

Transfers are quick. No problems so far  8)

hello Ihash,

First of all welcome, you have given me a bit of a puzzle to figure out as you have created a GBP transfer today, although no buttons indicating direct transfer in GBP. We took the GBP away for better focus on Euro and USD, however always looking for ways to get GBP on the map also on CCEDK. We are using our new bank connection for GBP transfers pls have a look on this thread.https://bitsharestalk.org/index.php/topic,16848.msg215567.html#msg215567

If amount already sent no problem, it will arrive to our local bank. Lets see the speed on that.

U can always contact me directly by e-mail ronny@ccedk.com or via PM here for skype contact as well if any questions. I will be happy to assist in any way possible.
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

iHashFury

  • Guest
Just set-up my ccedk account. I have transferred 0.11BTC via Metaexchange and 106GBP via bank transfer.
I am now waiting for the Pending deposits so I can order the nanocard.

Transfers are quick. No problems so far  8)

Offline fav

  • Hero Member
  • *****
  • Posts: 4278
  • No Pain, No Gain
    • View Profile
    • Follow Me!
  • BitShares: fav
SmartCoin is something that we have rebanded BitAsset to.

Thought this was already taken

http://smartcoin.cc/

guess who registered smartcoin on the chain ᶘ ᵒᴥᵒᶅ

Offline topcandle

SmartCoin is something that we have rebanded BitAsset to.

Thought this was already taken

http://smartcoin.cc/
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
I don't think "SmartCoin" describes bitUSD well ..
and I don't like the sound of it .. reminds me of bitcoin too much ..

But I can't come up with a better name just now :(

Offline bytemaster

SmartCoin is something that we have rebanded BitAsset to. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
What is "SmartCoin™", why is it "trademarked" and who owns it?

Hmm, now you ar making me confused. Cass gave me this info. Understoo it was trademarked as part of the bistassets.
Maybe cass knows more than me :)

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
What is "SmartCoin™", why is it "trademarked" and who owns it?

Hmm, now you ar making me confused. Cass gave me this info. Understoo it was trademarked as part of the bistassets.
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
What is "SmartCoin™", why is it "trademarked" and who owns it?

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
A SmartCoin™ Debit NanoCard MasterCard with no volatility risk – A possible Gamechanger! - http://www.reddit.com/r/BitShares/comments/394zoc/a_smartcoin_debit_nanocard_mastercard_with_no/
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Any chance to add Neteller?

We are working on options like this, but not all of these accept crypto exchanges.
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline proctologic

  • Full Member
  • ***
  • Posts: 58
    • View Profile

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Thank you very much for the reply. I wish your exchange all the best and looking forward for the great things to come.

Thank you, I do hope to see you on exchange as well, even if it means doing your trading and moving it to your bitshares wallet for further transactions afterwards. It is afterall the way many traders do nowadays, and I believe the instant order feature to appear in next coming days will be very interesting to anyone not planning to stay o a centralized exchange any more than necessary.
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Thank you very much for the reply. I wish your exchange all the best and looking forward for the great things to come.

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
First of all welcome and  +5% +5% +5% for supporting Bitshares and bitassets.

I am very close  to order a nanocard and I only have some security concerns. If I understand correctly in order to use the card my funds should be deposited on the exchange ? What happens if the exchange is hacked? Presumably there is no insurance against lost funds isn't it?

Since I am a bit paranoid with security, I was wondering if it would be possible in the future to top up my card with biteur or bitusd from my bitshares wallet without the need to deposit any funds on the CCEDK exchange directly. For example would it be possible to fund my card by sending the relevant amounts via bitshares to ccedk bitshares account with a memo of my registered account number with the ccedk exchange so then my card is funded and ready to use? A service like this would make a real game changer especially if ccedk exchange makes the bitasset to fiat conversion and deposits the fiats with a banking partner who is responsible for the fiat funds that are loaded on my nanocard.

Lastly, when do you estimate that bitusd, biteur could be supported in the nanocard?

Thank you very much and wish you all the best

hello mf-tzo,

I can only say I understand your concern, and although we have not yet listed it on exchange we operate with a reserve fund putting aside some 30% of any of the crypto related income we get from fees etc. It is a long term insurance feature, but we do have this in place planning to get it up this new platform of ours very soon now. In future I have a feeling we will have something close to what you are in fact asking here, but cannot tell you any date on this, as the development of this nanocard and its ability to be supported in various ways will open up for so many new possibilities in near future, so all I can say here is that you might have a solution like this by the end of the year, but I cannot promise you this right now. I cannot say to you we will not be hacked, I dont think that would be serious just reading the news, but I can asure you we are doing all we can to avoid such matters to happen, and with our new platform we introduced end of April, I feel we are in a very good position with some great security features.

But to sum all up, we believe the possibilities of offering such a game changer is possible in near future, more information will come soon I am quite certain of this. :)
« Last Edit: June 07, 2015, 07:49:37 pm by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
First off - thanks for the effort to help Bitshares. I do appreciate it.

2 minor points:

- How do you manage to meet the  expenses associated with meeting  regulatory requirements? I mean, I know about this exchange for about 9 mo. and the volumes across the board are...let's face it... very low.  You do not have to answer this...I just wonder and worry. Anyway I hope bitUSD/USD pair helps that.

- You have a decent number of coinA/BTC pairs. Any reason BTS/BTC is not one of those. It might be not the greatest income producer for your exchange but the lack of it is...odd.

Thank you Tony k for the welcome,,

Meeting regulatory requirements for our company located in Denmark is fortunately something we can build and create as we feel fit, not to say we relax on that part but the requirements are still very flexible in Denmark compared to so many other countries and we try to make the best of it and also to be ready when it really counts. We do have some interested parties also supporting us, so all in all we believe we still have what it takes to help move Bitshares even further than whre it is already today. We feel it a great challenge.

Regarding the bts pairs not listed on the exchange I hope @Bytemaster will comment on this, as it is only due to strategic reasons they are not up there.
« Last Edit: June 07, 2015, 07:54:14 pm by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
First of all welcome and  +5% +5% +5% for supporting Bitshares and bitassets.

I am very close  to order a nanocard and I only have some security concerns. If I understand correctly in order to use the card my funds should be deposited on the exchange ? What happens if the exchange is hacked? Presumably there is no insurance against lost funds isn't it?

Since I am a bit paranoid with security, I was wondering if it would be possible in the future to top up my card with biteur or bitusd from my bitshares wallet without the need to deposit any funds on the CCEDK exchange directly. For example would it be possible to fund my card by sending the relevant amounts via bitshares to ccedk bitshares account with a memo of my registered account number with the ccedk exchange so then my card is funded and ready to use? A service like this would make a real game changer especially if ccedk exchange makes the bitasset to fiat conversion and deposits the fiats with a banking partner who is responsible for the fiat funds that are loaded on my nanocard.

Lastly, when do you estimate that bitusd, biteur could be supported in the nanocard?

Thank you very much and wish you all the best


Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
First off - thanks for the effort to help Bitshares. I do appreciate it.

2 minor points:

- How do you manage to meet the  expenses associated with meeting  regulatory requirements? I mean, I know about this exchange for about 9 mo. and the volumes across the board are...let's face it... very low.  You do not have to answer this...I just wonder and worry. Anyway I hope bitUSD/USD pair helps that.

- You have a decent number of coinA/BTC pairs. Any reason BTS/BTC is not one of those. It might be not the greatest income producer for your exchange but the lack of it is...odd.

Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline cass

  • Hero Member
  • *****
  • Posts: 4311
  • /(┬.┬)\
    • View Profile
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
thanks for the post!

do you want to use this as your support thread?

Yes Please
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline fav

  • Hero Member
  • *****
  • Posts: 4278
  • No Pain, No Gain
    • View Profile
    • Follow Me!
  • BitShares: fav
thanks for the post!

do you want to use this as your support thread?

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
NEWS and LINKS to CCEDK.com

Ongoing threads on Bitshares talk:
How to buy BitUSD or Bts with CAD/AUD/NZD/JPY/HKD/AED/RUR https://bitsharestalk.org/index.php/topic,16846.msg215553.html#msg215553
How to buy BitEUR or Bts with PLN/HUF/GBP/CHF/NOK/SEK https://bitsharestalk.org/index.php/topic,16848.msg215567.html#msg215567
A SmartCoin™ Debit NanoCard with no volatility risk – A possible Gamechanger! - http://www.reddit.com/r/BitShares/comments/394zoc/a_smartcoin_debit_nanocard_mastercard_with_no/
Cheap BitUSD for sale on CCEDK for USD $1.01 per BitUSD - https://bitsharestalk.org/index.php/topic,16708.msg214017.html#msg214017
Direct-Payment-to-Bitshares or BitEUR From 3600 Banks In Europe - https://bitsharestalk.org/index.php/topic,11122.msg214216/topicseen.html#msg214216
MasterCard with BitUSD? could be with CCEDK - https://bitsharestalk.org/index.php/topic,16478.0.html

Articles from the media:

http://bitcoinist.net/ccedk-exchange-unifies-digital-currency-card-transactions/
http://bitsharesblog.com/ccedk-partners-with-bitshares-smartchain/
http://www.newsbtc.com/2015/06/09/exclusive-an-interview-with-ronny-boesing-ceo-of-ccedk/
http://finance.yahoo.com/news/danish-firm-ccedk-set-revolutionize-100000753.html
http://finance.yahoo.com/news/cryptonomex-inc-partners-danish-cryptocurrency-055300840.html
http://dogecoin.topandsecret.com/dogecoin-online/ccedk-bit-x-to-revolutionize-cryptocurrency-industry/
http://cointelegraph.com/news/114579/danish-ccedk-exchange-announces-real-time-transparent-order-books-proof-of-solvency
https://bitscan.com/articles/danish-firm-set-to-revolutionize-cryptocurrency-industry
http://nasdaq.einnews.com/pr_news/271390504/ccedk-bit-x-to-revolutionize-cryptocurrency-industry
http://www.einpresswire.com/article/266133810/danish-bitcoin-exchange-start-offering-next-generation-bitcoin-debit-nanocard-issued-by-mastercard
https://bitcoinmagazine.com/20470/danish-exchange-ccedk-launches-mastercard-bitcoin-debit-card/
http://cointelegraph.com/news/114284/danish-exchange-unveils-next-gen-bitcoin-debit-nanocard
http://themanwiththecap.blogspot.dk/2015/05/bitcoin-to-fiat-ccedk-offers-bitcoin.html
http://www.coinnewsasia.com/crypto-debit-nanocard-mastercard-future-remittance-option-for-filipinos/
http://www.btc38.com/altcoin/bts/7412.html
http://bitcoin-einfach.de/news/daenische-firma-auf-dem-weg-die-kryptowaehrungs-industrie-zu-revolutionieren
http://mindcity.sina.com.tw/weibo/user/5066428397
http://cryptocurrencymagazine.com/bitcoin-debitcard-nanocard

Follow up on the Blockchain and Bitcoin conference in Copenhagen June 16th 2015
https://www.linkedin.com/pulse/danish-firm-set-revolutionize-cryptocurrency-industry-ronny-boesing
https://www.linkedin.com/pulse/thoughts-bitcoin-debit-cards-hamed-sattari


Support NanoCard funding your dreams! on HeadTalker! Click on below link for more information
http://www.reddit.com/r/ccedk/comments/39mkhe/support_nanocard_funding_your_dreams_on_headtalker/

Compliance and account verification - You will need this if making deposits or withdrawals in Fiat.
https://ccedk.mojohelpdesk.com/help/article/141853

Debit NanoCard issued by Mastercard info page on CCEDK.com
https://www.ccedk.com/nanocard



We offer you following bitshares releated pairs available for trading:
https://www.ccedk.com/bts-usd
https://www.ccedk.com/bts-eur
https://www.ccedk.com/bitusd-usd
https://www.ccedk.com/biteur-eur
https://www.ccedk.com/bitcny-cny

Buy or sell your Bitshares to fiat via BTC pairs on CCEDK doing the exchange with no commission fees:
https://www.ccedk.com/btc-usd
https://www.ccedk.com/btc-eur
https://www.ccedk.com/btc-dkk
https://www.ccedk.com/btc-cny
https://www.ccedk.com/fimk-btc

BITUSD Debit NanoCard
With the present gateway to EUR, USD and CNY created we have established the first step in making possible within a few months to offer you all a Debit NanoCard supported by BITUSD

We do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.

Direct-Payment-to-Bitshares or BitEUR From 3600 Banks In Europe
No need for SEPA transfers and the delay of 1-2 days to buy Bitshares or BitEUR!! https://www.ccedk.com/bts-eur

You can even buy BITUSD converting EUR to BTC with no commission costs on CCEDK, then BTC to USD - again no commission cost, and then USD to BitUSD, ok here you pay trading commission! :) ;) https://www.ccedk.com/bitusd-usd

In progress:


Instant order feature - June 8-9 finally integrated with BTC making use of our bitcoin pool, allowing all users to convert instantly on exchanage any amount in btc no matter the liquidity showing in order book. Bitshares could be next as alternative to bitcoin!!

Language interface -
we have 17 languages already present, so make sure you tell them all that Bitshares has now a gateway on CCEDK!
« Last Edit: July 12, 2015, 09:10:49 am by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline openledger

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Hello to you all good people on Bitshares Network,

This is Ronny Boesing, the CEO of CCEDK. I just want to start off by saying I am happy to see the interest in what we have to offer from CCEDK, and be sure it would only be the beginning of what I hope to be a joyride up the river, and this could be understood as both some hard work ahead but also in the way that I hope everything we will do from now on will be a part of bringing Bitshares to the next level. Dedication and interest in pursuing great results are some of the points I can think of bor best possible results now and in future.

I would like to use this thread to post news on CCEDK, as well as general information which might be of interest to you, in order to achieve best possible experience when visiting CCEDK and for us to constantly improve the overall impression of CCEDK as your preferred choice of exchange when it comes to exchanging fiat to the bitassets like BITUSD, BITEUR and BITCNY as well as Bitshares and vice versa.

Very soon, and basically depending on the interest from all bitshares holders we will be able to implement gateway to some major 10 other fiat currencies as well, but need the three major ones firmly established first, I hope that's agreeable with all of you!

You may always send me a PM here for any way of getting in touch with me directly on skype or e-mail, or you might even find it some where else, as I am not that particular in trying to hide this info as such.

In next page will be presented all the news and what is available already for you to go ahead and make use of the exchange in the way it would suit you best, and ofcourse I suggest you register on exchange as soon as possible if you have not already done it, and perhaps already now order a Nanocard when its still available with NO FEE for LIFE, this monthly fee of 0,02 BTC .

Once again, I am happy to be here.

Yours sincerely

Ronny Boesing
CCEDK - CEO

CCEDK / Crypto Coins Exchange Denmark ApS
 
DK-9492 Blokhus
Phone office: +45 36 98 11 50

Web: https://www.ccedk.com
Twitter: https://twitter.com/CCEDK_
Facebook: https://www.facebook.com/CCEDK
Linkedin: https://dk.linkedin.com/pub/ronny-boesing/20/617/65b




« Last Edit: July 12, 2015, 08:25:56 am by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015