Author Topic: Asset to Asset exchange? Is it possible?  (Read 1472 times)

0 Members and 1 Guest are viewing this topic.

Offline sepehr

  • Jr. Member
  • **
  • Posts: 32
  • CryptoCurrency Evangelist
    • View Profile
    • Coinex.ir
Asset to Asset exchange? Is it possible?
« on: November 06, 2015, 05:43:32 am »
I'm a newbie in bitshare atmosphere, My question is that is it possible to have Asset to Asset exchange in Bitshare?

I mean for example I issue some assets for example named ASSET1 and ASSET2, then can I exchange ASSET1 to ASSET2 or ASSET1 to BitUSD or ASSET1 to BitCNY etc..?

Thanks,
Sepehr

Offline Samupaha

  • Sr. Member
  • ****
  • Posts: 479
    • View Profile
  • BitShares: samupaha
Re: Asset to Asset exchange? Is it possible?
« Reply #1 on: November 06, 2015, 09:28:20 am »
I'm a newbie in bitshare atmosphere, My question is that is it possible to have Asset to Asset exchange in Bitshare?

I mean for example I issue some assets for example named ASSET1 and ASSET2, then can I exchange ASSET1 to ASSET2 or ASSET1 to BitUSD or ASSET1 to BitCNY etc..?

Yes, this is exactly what Bitshares is designed to do. You can have any trade pairs you want (as long as the asset issuer hasn't disabled any markets). Market pegged assets like BitUSD and BitCNY don't have any restrictions.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: Asset to Asset exchange? Is it possible?
« Reply #2 on: November 06, 2015, 09:54:39 am »
I recommend reading the whitepaper at http://docs.bitshares.eu
It is supposed to be easy to understand and will give you a bigge picture of a subset of features in BitShares
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline sepehr

  • Jr. Member
  • **
  • Posts: 32
  • CryptoCurrency Evangelist
    • View Profile
    • Coinex.ir
Re: Asset to Asset exchange? Is it possible?
« Reply #3 on: November 06, 2015, 12:44:12 pm »
I'm a newbie in bitshare atmosphere, My question is that is it possible to have Asset to Asset exchange in Bitshare?

I mean for example I issue some assets for example named ASSET1 and ASSET2, then can I exchange ASSET1 to ASSET2 or ASSET1 to BitUSD or ASSET1 to BitCNY etc..?

Yes, this is exactly what Bitshares is designed to do. You can have any trade pairs you want (as long as the asset issuer hasn't disabled any markets). Market pegged assets like BitUSD and BitCNY don't have any restrictions.

Thanks a lot Samupaha,
Another question which arowsed in my mind is that can I issue Fiat pegged Assets myself and support them? Foe example Issue BitCNY2 or any other currencies and personally support it and market it?

Offline sepehr

  • Jr. Member
  • **
  • Posts: 32
  • CryptoCurrency Evangelist
    • View Profile
    • Coinex.ir
Re: Asset to Asset exchange? Is it possible?
« Reply #4 on: November 06, 2015, 12:45:08 pm »
I recommend reading the whitepaper at http://docs.bitshares.eu
It is supposed to be easy to understand and will give you a bigge picture of a subset of features in BitShares

Thanks a lo xeroc,

Good document and I will read it carefully.