1st Liquidity Event - Retrospection Thread.

[Akado]

If someone want to check the volume on the DEx during the liquidity event (or any moment), I made a script who is taking the volume of CMC every hour since early february.

http://bitsharesfcx.com/zzz_dex_p.php/

I plan on adding a nice graph to it but I'm a total noob in PHP and MySQL so it may take time.

I bookmarked your page when you said it in Telegram channel. It's very good.  +5%
I think @Akado may have interest in it. Just wanted to reply this to his trading / marketing thread, but I haven't found that thread.

Knowing I have a "follower" ;p on my DEx volume page gives me motivation to add it a graph !

Thanks abit and estefan!

Yes a graph would be awesome. I really wanted something like this. Thank you!

[EstefanTT]

If someone want to check the volume on the DEx during the liquidity event (or any moment), I made a script who is taking the volume of CMC every hour since early february.

http://bitsharesfcx.com/zzz_dex_p.php/

I plan on adding a nice graph to it but I'm a total noob in PHP and MySQL so it may take time.

I bookmarked your page when you said it in Telegram channel. It's very good.  +5%
I think @Akado may have interest in it. Just wanted to reply this to his trading / marketing thread, but I haven't found that thread.

Knowing I have a "follower" ;p on my DEx volume page gives me motivation to add it a graph !

[abit]

If someone want to check the volume on the DEx during the liquidity event (or any moment), I made a script who is taking the volume of CMC every hour since early february.

http://bitsharesfcx.com/zzz_dex_p.php/

I plan on adding a nice graph to it but I'm a total noob in PHP and MySQL so it may take time.

I bookmarked your page when you said it in Telegram channel. It's very good.  +5%
I think @Akado may have interest in it. Just wanted to reply this to his trading / marketing thread, but I haven't found that thread.

[EstefanTT]

If someone want to check the volume on the DEx during the liquidity event (or any moment), I made a script who is taking the volume of CMC every hour since early february.

http://bitsharesfcx.com/zzz_dex_p.php/

I plan on adding a nice graph to it but I'm a total noob in PHP and MySQL so it may take time.

[mint chocolate chip]

I am Sad that @Samupaha  who has never referred a user that made a single transaction thinks the 70+ blog posts lack relevancy, are full of uninteresting content and offer little value to readers.

I don't usually use my referral code, because Bitshares is to me first and foremost an ideological project. It's a way of signaling that I'm telling about it to people because I really believe in it, not because I can make money by telling about it. But I do also have a plan for referral website, I just haven't had time to do it.

Whatever helps you sleep at night

[Samupaha]

I am Sad that @Samupaha  who has never referred a user that made a single transaction thinks the 70+ blog posts lack relevancy, are full of uninteresting content and offer little value to readers.

I don't usually use my referral code, because Bitshares is to me first and foremost an ideological project. It's a way of signaling that I'm telling about it to people because I really believe in it, not because I can make money by telling about it. But I do also have a plan for referral website, I just haven't had time to do it.

Yes, I emailed CMC the other day to ask Gliss to add USD:BTC. (Please don't spam him with requests!) He sent back a question asking if USD = BitUSD and asked for more information on the internal exchange.

Also it should be noted that BTC in this context means bitBTC. Especially outsiders don't necessarily know the difference so it should be always written correctly.

[yvv]

It looks like it really boosted the volume for a couple of days. This means that these walls should be kept there all the time. Why not to crowd fund a market making worker for every major bitAsset against selected "bridge" asset? This is really vital for bitshares success.

[roadscape]

....
Last time i got info on that, they cot data from cryptofresh.
....

@roadscape: Did you were aware of that fact? If yes, could you double check that right now your API(?) provides proper information?

Yes, I emailed CMC the other day to ask Gliss to add USD:BTC. (Please don't spam him with requests!) He sent back a question asking if USD = BitUSD and asked for more information on the internal exchange. As far as I know, the API is working properly, but doesn't account for all trading pairs (because there is no way to query for all active market pairs.. something I'm currently working on solving). Is there any specific number that appears off?

[krondix]

We can use the same strategy to kickstart other non BTS markets.

Number of holders:

1. USD — 937
2. CNY — 386
3. BTC — 225
4. GOLD — 131
5. SILVER — 104

Are there any places where you can trade GOLD:BTC? We can make one! :-)

[krondix]

My observations.

Good:

1. We've managed to create and sustain a nice-looking order book.
2. 11 BTC volume is ~1/5th of max volume on DEX.

Bad:

1. We've failed to attract new users outside of DEX (there were only 4 new names trading).
2. We've failed to attract existing holders of BTC and USD. There are at least 1000 unique holders and only 20 unique traders participated in the event.

These two goals are very different, first one is much harder because we need to create on-off ramps like BTC:OPEN.BTC and also explain why BTC is worth more than OPEN.BTC.

I propose we focus on the second goal for the next event measuring success/failure by (1) count of BTC holders before and after (2) count of unique traders on BTC:USD.

How?

1. We must make it easy for a random user to find BTC:USD market. Last METAFEES buyback is a very good example of why it's important. It was announced that buyback will be at METAFEES:METAEX.BTC. But on the day of buyback there were 10+ new sell orders on METAFEES:BTS and only two on METAFEES:METAEX.BTC. So, even if there's a very good incentive to find non BTS market — people just can't.

We can make an announcement box at the top of main wallet page that will promote next Liquidity Event. Every user of the wallet will see it and at least take a peek at the market.

2. We may do a sharecrop of some asset on every USD holder with a memo like "Liquid Mondays! Buy BTC with your USD on the <date>". And the same for BTC holders.

I think we should aim to achieve equal number of USD and BTC holders. I think it's possible to achieve in 2-3 more Liquidity Events if we target existing USD holders. BTC is preparing a move, it's possible for us to ride this wave.

After that we can start a outside targeted campaign like "trade BTC:USD securely on DEX, your funds are backed by collateral, etc". We'll have to think through and prepare on-off ramps, create marketing materials and do some PR. But first, there's so much room for improvement with what we already have (937 holders of USD and 225 of BTC).

[noisy]

....
Last time i got info on that, they cot data from cryptofresh.
....

@roadscape: Did you were aware of that fact? If yes, could you double check that right now your API(?) provides proper information?

[noisy]

I am Mad that Coinmarketcap did not accurately reflect the volume for those assets like I thought it was going to.

This should be converted into Action Point:
AP: Send a information to CMC and ask for adding new pairs. Make sure that they received that message. It would be great to get an ETA from them.

I have already tweeted them. Someone else (I don't remember who), send them a request through their official form: https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

But we should make sure, that they started working on this.

I send them one another request:

[Akado]

I am Mad that Coinmarketcap did not accurately reflect the volume for those assets like I thought it was going to.

This should be converted into Action Point:
AP: Send a information to CMC and ask for adding new pairs. Make sure that they received that message. It would be great to get an ETA from them.

I have already tweeted them. Someone else (I don't remember who), send them a request through their official form: https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

But we should make sure, that they started working on this.

Last time i got info on that, they cot data from cryptofresh. Dont know on which end the error was.

It would be nice to have cryptofresh accurately show the volume on the dex like cmc. We need that

[noisy]

I am Mad that Coinmarketcap did not accurately reflect the volume for those assets like I thought it was going to.

This should be converted into Action Point:
AP: Send a information to CMC and ask for adding new pairs. Make sure that they received that message. It would be great to get an ETA from them.

I have already tweeted them. Someone else (I don't remember who), send them a request through their official form: https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

But we should make sure, that they started working on this.

[xeroc]

I am glad that we could boost the market and see people trade. This shows confidence and all we need is to keep going with this market and later others!