As mentioned in my previous post, a trading contest could be very effective, but there is no point wasting time and money on such an effort unless some basic things are in place first. This includes at least one market maker in key pairs, and resolution of some wallet UX issues. In this post I'll talk about the UX issues that need to be resolved. In a later post I'll talk about the liquidity issue.
Wallet UX - ChartingCurrently the charting does not offer a proper experience for traders despite the great work
@svk has done to upgrade the chart engine. The problem lies with the API servers which do not make available the minimum required timeframes.
Currently the only timeframes available are 5m, 1hr and 1d. Whereas a proper chart offering includes 1m, 5m, 15m, 30m, 1hr, 2hr, 4hr, 6hr, 12hr, 1d, 3d, 1w, 1mo. We don't need all of those at this stage. But we should AT LEAST have 5m, 15m, 30m, 1hr, 4hr, 1d. That should be the absolute bare minimum. Although ideally it would also include 2hr, 12hr, 3d, and 1w (and even 1m, 6hr, and 1mo if we wanted to get really serious). But anyway, before launching any trading contest we should at least have the minimum required timeframes.
Another charting issue is that the data doesn't go back far enough. Again, I understand this is a limitation of the API servers. This needs to be cleared up either way, but especially before conducting any trading contest.
Wallet UX - Deposit/WithdrawRight now the deposit/withdraw page is too confusing and it's scaring people away. I believe
@svk is working on this, which is great. I don't know what the timeframe is. But until this is resolved, running a trading contest would be counterproductive.