BitUSD and BitCNY at poloniex!!!

Started by testz, November 25, 2015, 05:57:40 AM

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monsterer

Quote from: clayop on November 25, 2015, 07:53:15 PM
Quote from: clout on November 25, 2015, 07:20:10 PM
Quote from: clayop on November 25, 2015, 06:35:01 PM
Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes, but realistically there wouldn't be that much volume in this market, so it is a low priority.

Right.. If people want to buy MUSE with BTC, they can use OPENMUSE:OPENBTC market.

https://bitshares.openledger.info/#/market/OPENMUSE_OPENBTC

Stay tuned... We might have something around the corner :)
My opinions do not represent those of metaexchange unless explicitly stated.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

clout

Quote from: Chris4210X on November 25, 2015, 09:21:01 PM
Does anybody know if the BitUSD are somehow connected to the Graphene blockchain? Or is poloniex simply trading BitUSD UIA?

In that case BitShares would not directly benefit from Poloniex trades....

Any asset that is traded on a centralized exchange is an IOU. Thus, you can consider BitUSD traded on poloniex as POLONIEX.BITUSD. Bitshares benefits a great deal from having these bitassets traded on Poloniex. Direct benefit from trading fees is far less than the indirect benefit from the exposure and volume of the Poloniex markets.

TravelsAsia

#38
Quote from: clayop on November 25, 2015, 07:53:15 PM
Quote from: clout on November 25, 2015, 07:20:10 PM
Quote from: clayop on November 25, 2015, 06:35:01 PM
Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes, but realistically there wouldn't be that much volume in this market, so it is a low priority.

Right.. If people want to buy MUSE with BTC, they can use OPENMUSE:OPENBTC market.

https://bitshares.openledger.info/#/market/OPENMUSE_OPENBTC

Let's get some volume flowing on there!

@clayop

You mentioned a bug where you have to place the order a little above for it to fill that's being worked on in the GUI, I wasn't sure if that's a good way to explain it.   If you're new, like me, it's good to know.

xeroc

They trade the one and only bitUSD of the bts chain. They do it like with any other blockchain token ..

Chris4210

Does anybody know if the BitUSD are somehow connected to the Graphene blockchain? Or is poloniex simply trading BitUSD UIA?

In that case BitShares would not directly benefit from Poloniex trades.... 
Vote Chris4210 for Committee Member [url="http://bit.ly/1WKC03B"]http://bit.ly/1WKC03B[/url]! | [url="//www.payger.com"]www.Payger.com[/url] - Payments + Messenger | [url="//www.bitshareshub.io"]www.BitShareshub.io[/url] - Community based fanpage for the BitShares Blockchain

clayop

Quote from: clout on November 25, 2015, 07:20:10 PM
Quote from: clayop on November 25, 2015, 06:35:01 PM
Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes, but realistically there wouldn't be that much volume in this market, so it is a low priority.

Right.. If people want to buy MUSE with BTC, they can use OPENMUSE:OPENBTC market.

https://bitshares.openledger.info/#/market/OPENMUSE_OPENBTC
Bitshares Korea - [url="http://www.bitshares.kr"]http://www.bitshares.kr[/url]
Vote for me and see Korean Bitshares community grows
delegate-clayop

cube

Quote from: clout on November 25, 2015, 07:20:10 PM
Quote from: clayop on November 25, 2015, 06:35:01 PM
Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes, but realistically there wouldn't be that much volume in this market, so it is a low priority.

Unfortunately, that is true.
ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.

clout

Quote from: clayop on November 25, 2015, 06:35:01 PM
Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes, but realistically there wouldn't be that much volume in this market, so it is a low priority.

cube

ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.

clayop

Sorry for the off-topic. Is Poloniex considering to add MUSE?
Bitshares Korea - [url="http://www.bitshares.kr"]http://www.bitshares.kr[/url]
Vote for me and see Korean Bitshares community grows
delegate-clayop

clout

Quote from: monsterer on November 25, 2015, 06:15:05 PM
Quote from: clout on November 25, 2015, 05:47:22 PM
Quote from: karnal on November 25, 2015, 01:38:30 PM
This is GREAT!

edit: Would be even better if we get BitUSD and BitCNY denominated pairs (like they have for USDT). Anyone working on *that*?

Yes, I am in contact with Poloniex. I don't expect that they will make BitUSD or BitCNY a base asset if there is no demonstrated volume. I will however encourage them to make BitCNY a base asset for ETH since a lot of the demand for ETH is coming from China but there are no ETH/CNY market. Bitcrab has already stated that he would help provide liquidity for such a market.

Also BitCNY coming soon to Bittrex if there are any people interested in trading there.

I think you mean quote asset? You want prices quoted in bitCNY?

Yeah, that's what I meant.

monsterer

Quote from: clout on November 25, 2015, 05:47:22 PM
Quote from: karnal on November 25, 2015, 01:38:30 PM
This is GREAT!

edit: Would be even better if we get BitUSD and BitCNY denominated pairs (like they have for USDT). Anyone working on *that*?

Yes, I am in contact with Poloniex. I don't expect that they will make BitUSD or BitCNY a base asset if there is no demonstrated volume. I will however encourage them to make BitCNY a base asset for ETH since a lot of the demand for ETH is coming from China but there are no ETH/CNY market. Bitcrab has already stated that he would help provide liquidity for such a market.

Also BitCNY coming soon to Bittrex if there are any people interested in trading there.

I think you mean quote asset? You want prices quoted in bitCNY?
My opinions do not represent those of metaexchange unless explicitly stated.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

clout

Quote from: karnal on November 25, 2015, 01:38:30 PM
This is GREAT!

edit: Would be even better if we get BitUSD and BitCNY denominated pairs (like they have for USDT). Anyone working on *that*?

Yes, I am in contact with Poloniex. I don't expect that they will make BitUSD or BitCNY a base asset if there is no demonstrated volume. I will however encourage them to make BitCNY a base asset for ETH since a lot of the demand for ETH is coming from China but there are no ETH/CNY market. Bitcrab has already stated that he would help provide liquidity for such a market.

Also BitCNY coming soon to Bittrex if there are any people interested in trading there.