[ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 3.

dev.samal84

copper member

Activity: 364

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Quote from: pghr12aditya_s on March 07, 2018, 10:55:48 PM

Quote from: dev.samal84 on March 07, 2018, 03:51:07 PM

Quote from: pghr12aditya_s on March 04, 2018, 01:13:38 PM

One good thing that I see with Joyso is that it us address.g disaster management steps. While so.many ICOs put a disclaimer to handle this subject, Joyso has put a complete plan in place for withdrawal from blockchain in case of disaster.

Can you shed some light on this aspect? I have gone through the whitepaper but couldn't find much information regarding the disaster management steps.

For an exchange, getting hacked is a disaster. Read the part of whitepaper where they mention how JOYSO will be secured. Just like what binance did yesterday. Check here...https://support.binance.com/hc/en-us/articles/360001547431

I don't think JOYSO will be functioning on the similar lines to that of Binance. Please remember that Binance controls your fund, so they might have (or at least claim so) stopped the withdrawal. JOYSO secures the funds in a completely different manner.

dev.samal84

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Activity: 364

Merit: 103

Quote from: tvtinh on March 08, 2018, 04:15:50 AM

Quote from: dev.samal84 on March 08, 2018, 12:13:33 AM

Quote from: tvtinh on March 07, 2018, 03:48:18 AM

Please correct me if I am misunderstood this. Actually I love this feature if it is done right: Users have the ability to cancel transactions up until they are matched and can even lock the smart contract themselves. Does this mean HEX will give traders a set of time to change their mind, e.g. 10s

Like any CEX or DEX, you will be able to cancel an order till it is executed. The extra feature is that you can suspend your order by locking the smart contract wherein it will not cancel the order but just won't execute the trade. There is no significance of adding a set time for it.

Oh, I see. So at least we have a peace of mind for trading too. Thanks

Yes.. HEX is more or less similar (or at least claim to be) to CEX but without the central application controlling your funds. So JOYSO is a great option which seem to be a true HEX to me.

tvtinh

jr. member

Activity: 168

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ICO Advisor | Top 15 ICOBench Expert

Quote from: dev.samal84 on March 08, 2018, 12:13:33 AM

Quote from: tvtinh on March 07, 2018, 03:48:18 AM

Please correct me if I am misunderstood this. Actually I love this feature if it is done right: Users have the ability to cancel transactions up until they are matched and can even lock the smart contract themselves. Does this mean HEX will give traders a set of time to change their mind, e.g. 10s

Like any CEX or DEX, you will be able to cancel an order till it is executed. The extra feature is that you can suspend your order by locking the smart contract wherein it will not cancel the order but just won't execute the trade. There is no significance of adding a set time for it.

Oh, I see. So at least we have a peace of mind for trading too. Thanks

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: tvtinh on March 07, 2018, 03:48:18 AM

Please correct me if I am misunderstood this. Actually I love this feature if it is done right: Users have the ability to cancel transactions up until they are matched and can even lock the smart contract themselves. Does this mean HEX will give traders a set of time to change their mind, e.g. 10s

Like any CEX or DEX, you will be able to cancel an order till it is executed. The extra feature is that you can suspend your order by locking the smart contract wherein it will not cancel the order but just won't execute the trade. There is no significance of adding a set time for it.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: mrsuccess87 on March 07, 2018, 10:57:56 PM

when will token list on exchange?

Tokens will list on multiple exchanges after the ICO is over. However, it will be too early for the dev team to comment before a formal communication form the exchange which happens couple of weeks after the ICO.

mrsuccess87

newbie

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when will token list on exchange?

pghr12aditya_s

full member

Activity: 308

Merit: 104

Quote from: dev.samal84 on March 07, 2018, 03:51:07 PM

Quote from: pghr12aditya_s on March 04, 2018, 01:13:38 PM

One good thing that I see with Joyso is that it us address.g disaster management steps. While so.many ICOs put a disclaimer to handle this subject, Joyso has put a complete plan in place for withdrawal from blockchain in case of disaster.

Can you shed some light on this aspect? I have gone through the whitepaper but couldn't find much information regarding the disaster management steps.

For an exchange, getting hacked is a disaster. Read the part of whitepaper where they mention how JOYSO will be secured. Just like what binance did yesterday. Check here...https://support.binance.com/hc/en-us/articles/360001547431

pghr12aditya_s

full member

Activity: 308

Merit: 104

Quote from: dev.samal84 on March 07, 2018, 03:58:12 PM

Quote from: tvtinh on March 05, 2018, 02:34:18 AM

That is my point too, checking authenticity of ICO is extremely important as we never know whether the dev team behind the scene is really doing their jobs or just making up things to grab easy money from investors

Well it will be very difficult to do teh due diligenece. Most of the coins are listed within couple of weeks of completion of ICO. So fundamentally not much progress will be made by the ICO team to justify if the ICO is a real one or a scam.

I think the due diligence should start while the ICO is on. When bounty management companies like amazix can do it, so can JOYSO. A few things like verified team, github, active users on communities, MVP could be starters. One can build their own parameters to judge the credibility

pghr12aditya_s

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Activity: 308

Merit: 104

Quote from: dkn2017 on March 07, 2018, 04:04:31 AM

Quote from: tvtinh on March 07, 2018, 03:44:42 AM

Quote from: dkn2017 on March 06, 2018, 06:44:48 AM

JOY is deemed a utility token. Utility token I understand? what Deemed utility token means?

There are two types of tokens, utility and security tokens but it seems SEC does not like security tokens then utility tokens is now widely chosen and growing up soon. You can search Google to get more sense of these tokens.

Thanks I that know. Actually I taken the word deemed in other way

But SEC now wants the exchanges and securities to register with them which is believed to be one of the reasons of last week's slump. Lets see how it goes

pghr12aditya_s

full member

Activity: 308

Merit: 104

Quote from: cafe84178 on March 01, 2018, 10:57:53 PM

Quote from: jeanne513lefe on February 28, 2018, 11:36:16 PM

What are your future business plans to enhance user experience?

JOYSO focuses on the exchange-service between ETH and tokens. What about other points of services among the exchanging and investment of an user?

Wow, you are certainly in a hurry Cheesy

I think that its nice for JOYSO to focus on exchanges, rather than combining everything in a package at once. Once they make it into the top rankings of the exchange industry, it will not be difficult for them to find partners.

True. All we need is volumes. If we are able to list a few good ICOs apart from existing ERC20 tokens we'll be good to go. A few good ICOs will pull considerable volumes.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: dkn2017 on March 06, 2018, 06:48:17 AM

Hi Team, what is Ropsten Test Network ? What is the benefit to migrate to that network.

There are below networks in Ethereum platform:
1. Main Ethereum Network (which we use)
2. Ropsten Test Network (a test network, PoW, supported by Geth and Parity, 8.5 GB Chain size)
3. Kovan Test Network (a test network, PoS, supported by Parity, 2.5 GB Chain size)
4. Rinkeby Test Network (a test network, PoS, supported by Geth, 2.3 GB Chain size)

Hope this helps.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: tvtinh on March 05, 2018, 02:34:18 AM

That is my point too, checking authenticity of ICO is extremely important as we never know whether the dev team behind the scene is really doing their jobs or just making up things to grab easy money from investors

Well it will be very difficult to do teh due diligenece. Most of the coins are listed within couple of weeks of completion of ICO. So fundamentally not much progress will be made by the ICO team to justify if the ICO is a real one or a scam.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: pghr12aditya_s on March 04, 2018, 10:55:07 PM

Quote from: ?? on ??

I agree with you it will be the exchange, plus with a centralized exchange you need to trust them to protect your private key from hackers.

Another feature that I find useful in current context is admin controlled smart contracts. Here is an excerpt from whitepaper. But I find it really satisfying and secure.

"Even if a hacker gained control of the JOYSO website, without the private key of the JOYSO Admin, the smart contract would not execute. The contract would detect an
unverified admin account and the fraudulent transaction would fail.
In the event of the JOYSO Admin account private key being stolen, control can be quickly regained with multi-signature authorizations."

I guess you guys heard about hacking of user accounts in Binance exchange wherein the hackers gained access to the trading bot and controlled the user accounts using auth keys. If this is the case of one of the biggest exchange, then imagine what will be the issue for smaller exchanges. And because of this reason, the security aspect that you just mentioned makes much more sense.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: pghr12aditya_s on March 04, 2018, 01:13:38 PM

One good thing that I see with Joyso is that it us address.g disaster management steps. While so.many ICOs put a disclaimer to handle this subject, Joyso has put a complete plan in place for withdrawal from blockchain in case of disaster.

Can you shed some light on this aspect? I have gone through the whitepaper but couldn't find much information regarding the disaster management steps.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: pghr12aditya_s on March 04, 2018, 03:18:34 AM

Quote from: ryan2018 on March 03, 2018, 11:51:54 PM

Wow! very promising project! JOYSO has a fast and fully featured like a centralized exchange, and secure, like a decentralized exchange.

Another feature that I found worth appreciation is mapping of trades. Due to off chain mapping and also one to many mapping, speed will increase which in turn will give the user an enhanced hassle free experience

Are you sure that one to many mapping will increase the speed? It doesn't impact the speed. Instead, it reduces the transaction cost by clubbing together multiple transactions.

dev.samal84

copper member

Activity: 364

Merit: 103

Quote from: ryan2018 on March 04, 2018, 12:30:14 AM

Quote from: ?? on ??

This hybrid exchange (HEX), able to handle all ERC20-compatible tokens
best exchange for future.

I agree with you it will be the exchange, plus with a centralized exchange you need to trust them to protect your private key from hackers.

Just a correction though. With centralized exchange, you park your tokens in the exchange. You don't share your wallet private key.
In DEX, you keep your tokens in your wallet but share your private key.
With HEX, you park your tokens with a smart contract (which act similar to a cetral exchange) and don't share your wallet private keys. So its much more secure.

dkn2017

newbie

Activity: 112

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Quote from: mrsuccess87 on March 07, 2018, 02:48:41 AM

hi. how can i join your bounty? i have filled yoủr form. what must i do now?

Just follow the instruction given in other thread - https://bitcointalksearch.org/topic/bounty-ico-joyso-official-bounty-program-on-bitcointalk-3002865

dkn2017

newbie

Activity: 112

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Quote from: tvtinh on March 07, 2018, 03:44:42 AM

Quote from: dkn2017 on March 06, 2018, 06:44:48 AM

JOY is deemed a utility token. Utility token I understand? what Deemed utility token means?

There are two types of tokens, utility and security tokens but it seems SEC does not like security tokens then utility tokens is now widely chosen and growing up soon. You can search Google to get more sense of these tokens.

Thanks I that know. Actually I taken the word deemed in other way

dkn2017

newbie

Activity: 112

Merit: 0

Quote from: pghr12aditya_s on March 06, 2018, 03:47:08 PM

Quote from: dkn2017 on March 06, 2018, 06:44:48 AM

JOY is deemed a utility token. Utility token I understand? what Deemed utility token means?

I think you got lost in translation. JOY will be deemed as a utility token.
It means that it will be a utility token.

Yeah. you are correct. I emphasis on wrong word.

tvtinh

jr. member

Activity: 168

Merit: 1

ICO Advisor | Top 15 ICOBench Expert

Please correct me if I am misunderstood this. Actually I love this feature if it is done right: Users have the ability to cancel transactions up until they are matched and can even lock the smart contract themselves. Does this mean HEX will give traders a set of time to change their mind, e.g. 10s

Topic: [ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 3. (Read 1920 times)