Author Topic: [Market Making Contest Announcement] Adding ETH and EOS (details decided)  (Read 2829 times)

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Offline binggo

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Offline abit

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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.
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Offline bench

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.
Be part of the change and vote for the bitshares-vision proxy!

Offline abit

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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.
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Offline EuropaSH

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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
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XBTS DEX EXCHANGE FOR TRADERS AND GAMERS https://xbts.io

Offline Thul3

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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



Offline sschiessl

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)

Offline George_Bitspark

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Yes we want sparkdex.ETH to be included in this. Thanks.
Bitspark- Cash to Cryptocurrency

Offline bitcrab

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we apply GDEX.ETH and GDEX.EOS to be included in the contest.

audit page will be ready soon.
Email:bitcrab@qq.com

Offline blockchained

We want RUDEX.EOS and RUDEX.ETH to be added to the contest
https://audit.rudex.org/

Offline abit

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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.
« Last Edit: December 15, 2019, 06:37:35 pm by abit »
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