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Main => General Discussion => Topic started by: abit on December 11, 2019, 02:31:46 am

Title: [Market Making Contest Announcement] Adding ETH and EOS (details decided)
Post by: abit on December 11, 2019, 02:31:46 am
Updated on 15th December 2019.

Starting from Tuesday 17th December 2019, BTS/[gateways].ETH and BTS/[gateways].EOS market pairs will be added to the market making contest. The maximum reward of each market will be 15,000 BTS each day. Starting from the same date, rewards for BTS/BTC and BTS/USDT markets will be reduced to up to 15,000 BTS each market each day.

## Rewards
BTS / [gateways].ETH
BTS / [gateways].EOS
(15,000 BTS each)


## Gateways
Gateways who have interest please reply in this thread or the main contest thread (https://bitsharestalk.org/index.php?topic=31515.0) with asset symbols. As before, an audit page is required.

### qualified gateway asset(s) and corresponding audit page(s):
SPARKDEX.ETH https://audit.bitspark.io/
RUDEX.ETH https://audit.rudex.org/
GDEX.ETH https://www.gdex.io/noticeAssets
XBTSX.ETH https://xbts.io/audit

RUDEX.EOS https://audit.rudex.org/

### gateway assets that are replied in this thread buy not yet qualified:
GDEX.EOS

The main contest thread (https://bitsharestalk.org/index.php?topic=31515.0) has been updated.

Thanks for participation.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: blockchained on December 11, 2019, 02:42:50 am
We want RUDEX.EOS and RUDEX.ETH to be added to the contest
https://audit.rudex.org/
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: bitcrab on December 11, 2019, 03:01:03 am
we apply GDEX.ETH and GDEX.EOS to be included in the contest.

audit page will be ready soon.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: George_Bitspark on December 11, 2019, 03:37:09 am
Yes we want sparkdex.ETH to be included in this. Thanks.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: sschiessl on December 11, 2019, 07:17:33 am
Can we also reduce the daily payout amount? The amount close to the last price is quite huge, and that large amount is not needed imho. I suppose adding more assets is an indirect reduction of payout per market, so might make sense to re-evaluate afterwards.

Can we also add interim markets? (GDEX.BTC/RUDEX.BTC etc)
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: btstodamoon on December 11, 2019, 07:30:26 am
支持
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: Thul3 on December 11, 2019, 07:36:54 am
Whats the goal of adding these 2 pairs ?

I disagree adding now these 2 pairs instead of bitcny.

In the past days bitshares proofed to work great when market was going down and was one of the better performing coins in a downtrend HOWEVER it is having difficilties when moving up.
The issue is when the market is moving down it is being catched as supposed from the BTC/BTS USDT/BTS market but has no buy support when market is moving up.

Adding Bitcny/ BTC-USDT would be the needed support to also move quicker up in an uptrend and would release the pressure of current oversupply of bitcny

Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: EuropaSH on December 11, 2019, 07:44:00 am
BTS/[gateways].ETH and BTS/[gateways].EOS market pairs will be added to the market making contest in the near future. Gateways who have interest please reply in this thread with asset symbols. As before, an audit page is required.

Thanks for participation.

We want XBTSX.ETH to be included in the contest.
https://ex.xbts.io/#/asset/XBTSX.ETH

https://xbts.io/audit
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: chigbolu on December 11, 2019, 07:48:45 am
Finally
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: abit on December 11, 2019, 08:48:40 pm
Can we also reduce the daily payout amount? The amount close to the last price is quite huge, and that large amount is not needed imho. I suppose adding more assets is an indirect reduction of payout per market, so might make sense to re-evaluate afterwards.

Can we also add interim markets? (GDEX.BTC/RUDEX.BTC etc)
Reward per market will be reduced.

Making of inter-markets should be funded by the gateways but not the committee.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: bench on December 12, 2019, 02:51:24 am
Whats the goal of adding these 2 pairs ?

I disagree adding now these 2 pairs instead of bitcny.

In the past days bitshares proofed to work great when market was going down and was one of the better performing coins in a downtrend HOWEVER it is having difficilties when moving up.
The issue is when the market is moving down it is being catched as supposed from the BTC/BTS USDT/BTS market but has no buy support when market is moving up.

Adding Bitcny/ BTC-USDT would be the needed support to also move quicker up in an uptrend and would release the pressure of current oversupply of bitcny

Agree here, market making to restore the peg on bitCNY/BTC and bitCNY/USDT is needed.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS
Post by: abit on December 15, 2019, 06:02:30 pm
OP updated.
Start date: 2019-12-17
Rewards: up to 15,000 BTS each market each day
Starting from the same date, rewards for BTS/BTC and BTS/USDT markets will be halved.
Title: Re: [Market Making Contest Announcement] Adding ETH and EOS (details decided)
Post by: binggo on December 15, 2019, 07:04:49 pm
HOW many committees vote?