Type ..................Last ................High..............Low...................Volume
FRC/BTC........... 0.00044 ......0.00046 ...........0.00037 ..........42780.4
Volume pretty nice... for FRC and FTC... not bad at all.
Type ................Last...............High....................Low................. Volume
FTC/BTC.........0.00138 ............0.0016 ...........0.00117..........78142.9
Topic: [ANN] BTC to FRC Exchange OPEN (Chinese & English Language) (Read 936 times)
this new exchange looks nice... let's see if it gets trustworthy too, the chinese market is huge, these guys could make a difference! where are the servers located? any possible confiscation/intervention like it happened for btc-24 (based in poland)?
Very good points. Maybe I can ask via email... any other concerns?
Make a list and I will see if I can get the devs there to answer.
this new exchange looks nice... let's see if it gets trustworthy too, the chinese market is huge, these guys could make a difference! where are the servers located? any possible confiscation/intervention like it happened for btc-24 (based in poland)?
Definitely nice volume even outstripping their BTC CNY and BTC LTC trading floors already. There is definitely a solid base of traders that are keeping exchange rate for FRC between 0.0009 and 0.0004. This means profitability at www.coinchoose.com flutuates above 100% so that is a good thing for those with smaller miners who are experiencing drops in pool earnings on BTC making FRC a viable alternative.
site is looking great hopefully a good replacement for cryptonit.net
do we know who is running it?
do we know who is running it?
Group of Chinese programmers... if you want to learn more email their support team and ask. At least one of them writes and reads very well in English from the emails back and forth we have had.
Support Email: [email protected]
Admin Email: [email protected]
On how they handle Demurrage:
Quote
I do understand the demurrage is calculated by the new block height and the old block height. We can do the same calculation as the Freicoin's client do. But by considering the large amount of potential users and operations of the exchange platform, we prefer a simpler way to guarantee a low load of the hosting server and low rate of potential mistakes. Yes, we charge a flat rate every day. We charge 0.017% a day which means accumulatively 6% per year. It's only 1% higher than Freicoin's one year demurrage 5% in case you put your coins on our platform for a year. We are still not sure if this small over-charge can cover our costs or not. Let's see.
site is looking great hopefully a good replacement for cryptonit.net
do we know who is running it?
do we know who is running it?
minimum withdrawal amounts:
10 LTC
100 FRC
100 PPC
10 LTC
100 FRC
100 PPC
It is in ENGLISH now!
Check it out.
Check it out.
That site looks really good. Just need an English translation now. It would probably take me a week to try to figure out how to even register with the site being in Chinese
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