[ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 10.

changalice715

newbie

Activity: 22

Merit: 0

Quote from: linapel318 on February 26, 2018, 02:28:09 AM

Ok. And I've got a few more questions.
Is 50% discount the only advantage JOY token holders get to get?
Is it able for JOY token holders to share the profit that JOYSO earns?

Since JOY tokens are utility tokens and not equity, I think the answer of the second question is " No" ? But I've seen Joyso's FAQ said that they will buy back tokens on a scheduled basis to ensure their market value. So I guess maybe it's the other form of profit?

linapel318

newbie

Activity: 36

Merit: 0

Ok. And I've got a few more questions.
Is 50% discount the only advantage JOY token holders get to get?
Is it able for JOY token holders to share the profit that JOYSO earns?

Quote from: TomSoong on February 26, 2018, 02:04:42 AM

Quote from: linapel318 on February 26, 2018, 01:54:38 AM

Hello JOYSO, I've read your introduction and white paper.
I'm confused about how do you generate profit?
Exchange that offers free transaction fees exists, why should customers choose JOYSO since that free transaction fee exchange exists?

JOYSO generates income from transactions fees, approximately 0.1% commission for the order maker and 0.2% for the order taker. Our price strategy is to attract users with a 50% discount for JOY token use. JOYSO also generates transactions and advertising by offering free and frictionless listings to ICOs.

cafe84178

jr. member

Activity: 37

Merit: 1

Quote from: TomSoong on February 26, 2018, 02:04:42 AM

Quote from: linapel318 on February 26, 2018, 01:54:38 AM

Hello JOYSO, I've read your introduction and white paper.
I'm confused about how do you generate profit?
Exchange that offers free transaction fees exists, why should customers choose JOYSO since that free transaction fee exchange exists?

JOYSO generates income from transactions fees, approximately 0.1% commission for the order maker and 0.2% for the order taker. Our price strategy is to attract users with a 50% discount for JOY token use. JOYSO also generates transactions and advertising by offering free and frictionless listings to ICOs.

I don't understand the idea of "a 50% discount for JOY token use". Lets suppose my transaction fee is 1 Ether, how much will I pay if I payed by JOY? How do you transfer the numbers from Ether to JOY?

TomSoong

member

Activity: 106

Merit: 10

Quote from: changalice715 on February 26, 2018, 01:53:01 AM

I know Joyso's difference from other decentralized exchanges, like IDEX, EtherDelta.
However, as far as I know, there are other hybrid exchanges, like EtherBTC. I'm curious about Joyso's difference from them.

A decentralized exchange is one without a third party service holding the customers’ funds. Instead, trades occur directly between users, cutting out the need for the customer to trust the exchange and their security practices. However, fully decentralized exchanges put orders and order-matching on the blockchain, risking sub-optimal prices and creating delays that frustrate users and create security/arbitrage risks. Poor liquidity is another issue.
JOYSO comprises a decentralized architecture for control of funds and a centralized database for dynamically matching market transactions. Only when a deal is done and tokens are confirmed available is the transaction published on the blockchain. Users do not relinquish control of their assets and have the benefit of a dynamic market where trades are processed sequentially, in near real-time.

TomSoong

member

Activity: 106

Merit: 10

Quote from: linapel318 on February 26, 2018, 01:54:38 AM

Hello JOYSO, I've read your introduction and white paper.
I'm confused about how do you generate profit?
Exchange that offers free transaction fees exists, why should customers choose JOYSO since that free transaction fee exchange exists?

JOYSO generates income from transactions fees, approximately 0.1% commission for the order maker and 0.2% for the order taker. Our price strategy is to attract users with a 50% discount for JOY token use. JOYSO also generates transactions and advertising by offering free and frictionless listings to ICOs.

TomSoong

member

Activity: 106

Merit: 10

Quote from: dadj on February 26, 2018, 01:54:20 AM

Really innovative project, especially the idea of batching orders to save gas.

One question though, as users don't need to log in - how will you onboard users who don't know how to use a private key?

We will provide the film to teach our users.
Or they could google how to use Metamask or Ledger Nano S.

linapel318

newbie

Activity: 36

Merit: 0

Hello JOYSO, I've read your introduction and white paper.
I'm confused about how do you generate profit?
Exchange that offers free transaction fees exists, why should customers choose JOYSO since that free transaction fee exchange exists?

dadj

full member

Activity: 178

Merit: 100

Really innovative project, especially the idea of batching orders to save gas.

One question though, as users don't need to log in - how will you onboard users who don't know how to use a private key?

changalice715

newbie

Activity: 22

Merit: 0

I know Joyso's difference from other decentralized exchanges, like IDEX, EtherDelta.
However, as far as I know, there are other hybrid exchanges, like EtherBTC. I'm curious about Joyso's difference from them.

TomSoong

member

Activity: 106

Merit: 10

Quote from: bottle0418 on February 26, 2018, 01:32:41 AM

Cool. Very creative and promising project.
But, I am concern about how you prevent from hacker's attack.
I read your whitepaper, but still don't understand how it works.

Good question!!
JOYSO will not hold user's property.
Users shall use individual private key to sign the smart contract of trading.
Despite the smart contract is provided by JOYSO, but JOYSO does not have the ability to move the property inside the smart contract.
That's why JOYSO is anti-hacked.

cafe84178

jr. member

Activity: 37

Merit: 1

You say you don't take the buyers' and sellers' private keys as centralized trade-centers do.
However you ask for their signature to pair them up. I don't understand the differences. Huh

TomSoong

member

Activity: 106

Merit: 10

Quote from: changalice715 on February 26, 2018, 01:24:23 AM

I wonder whether I can sell JOY tokens right after receiving them?

Thank you for your question.
JOY will be transferable upon purchase, and will be tradable after the ICO ends in late March, 2018.
As result, you could not sell JOY Immediately if you buy on ICO stage.

bottle0418

newbie

Activity: 52

Merit: 0

Cool. Very creative and promising project.
But, I am concern about how you prevent from hacker's attack.
I read your whitepaper, but still don't understand how it works.

changalice715

newbie

Activity: 22

Merit: 0

I wonder whether I can sell JOY tokens right after receiving them?

linapel318

newbie

Activity: 36

Merit: 0

Quote from: TomSoong on February 23, 2018, 05:28:22 AM

Quote from: linapel318 on February 23, 2018, 04:34:13 AM

The idea is great!! But I would like to ask what's the exactly time of ICO?
Good luck, JOYSO~~

ICO event commences March 1, 2018 08:00 (UTC+0)
ICO ends March 21, 2018 08:00 (UTC+0).

Thanks for answering.
I wonder will JOY tokens be listed on other exchanges in the future?

uemran

newbie

Activity: 18

Merit: 0

Very Good project.Keep it on

rajaumar8370

newbie

Activity: 44

Merit: 0

nice bounty and giveaway...
i joined...

kevinsv11

newbie

Activity: 30

Merit: 0

This project is very good. Have a faith dev and this project will succeed.

#prabhupawar

newbie

Activity: 114

Merit: 0

Good project , keep it up. Looking forward to more bounty schemes and just hope Joyso achieves it's success to soar newer heights
Nice

rakeshbti

newbie

Activity: 8

Merit: 0

nice project best of luck for future

Topic: [ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 10. (Read 1920 times)