BitUSD and BitCNY at poloniex!!!

[btstip]

Hey Tuck Fheman, here are the results of your tips...

• testz: has been credited 1 THANKYOU

Curious about BtsTip? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!

Source: https://bitsharestalk.org/index.php/topic,20234.msg260611/topicseen.html#msg260611

Created by hybridd

[Tuck Fheman]

Stay tuned... We might have something around the corner

[monsterer]

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

[clout]

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]

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.... 

[clayop]

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

[cube]

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.

[clout]

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]

Sorry for the off-topic. Is Poloniex considering to add MUSE?

Yes they are. But it may take some time.

https://bitsharestalk.org/index.php/topic,19091.msg260576.html#msg260576

[clayop]

Sorry for the off-topic. Is Poloniex considering to add MUSE?

[clout]

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]

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?

[clout]

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.