BitShares Forum
Main => General Discussion => Topic started by: xiahui135 on October 31, 2015, 03:46:57 am
-
Support of BTS price is the pegged assets like CNY\USD\bitBTC. Their buy orders is the index of the price in the decentralized exchange.
And CNY\USD can only be borrowed from system by speculators. if BTS is not low enough to make sure a huge profit , we will never be willing to risk to borrow CNY\USD to place buy orders. So this is why there is a huge gap in the order book.
(http://i11.tietuku.com/886c41be32c34ab8.png)
We need another source of pegged asset liquidity.
For example, the system buy some amount of BTS, and give seller CNY\USD. It is like the national debt in real world. A problem is how can we make the asset amount controlled, make sure them pegged.
-
We can make our own Ponzi scheme like the federal reserve. :D
Oh wait.. someone beat us to it.
nubits.com (http://nubits.com)
On a serious note... that is probably the main thing that is really holding Bitshares back at this point (the volume of the exchange.) Obviously, volume will increase with more users, but is there a way to speed up that process??
Some ideas:
- 0% trading fees, instead the network makes $$$ on transfers and such? Even if it was just for a set time period for the market to gain some traction... it would be a nice selling point.
- Buy some advertising on gold/silver forums or web sites, and get the bullion SmartAssets rolling.. there will be some over lap there too on the other markets. Maybe do the same with the NASDAQ etc SmartAssets, but advertise on trading and market web sites. Growing these currently no-volume markets can only lead to better things for the entire market.
- On that note, 0% trading fees on low volume markets would be a good way to grow less popular markets if you didn't want to implement it on the more popular ones.
- Increase the interest paid to SmartAsset owners.
- Focus advertising efforts outside the cryptocurrency community.
- Offer incentives for trading. Every active trader gets x% of market and transaction fees for the whole network up to x amount of BTS per x amount of blocks. That probably isn't the best idea, but you get the picture... the formula/reward system could be tweaked.
- Add a referral bonus for users who refer people that trade in the decentralized market, so that users try to recruit people that would use the exchange more (traders/bullion collectors/stock investors etc)
I'm sure if we put our heads together we can come up with something that would help kick start the decentralized exchange... :) 8) +5%
-
i like the idea to give the trades something back :D
you can have a look into our fundraiser https://bitsharestalk.org/index.php/topic,19523.0.html
we will provide the liquidity for our own markets (BTC, NXT, ETH and more in the future) and this can be a reason to
trade on the internal exchange as well.
the chicken and egg problem is always to solve first :D
-
Or we focus on UIA or gateway assets, such as trade.btc, ccdek.usd, ripple USD.