[ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 4.

tvtinh

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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.

tvtinh

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Quote from: TomSoong on March 07, 2018, 01:49:35 AM

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.

Ropsten is a Ethereum testnet.
Almost all the mechanism are the same between Ropsten and Mainnet.
But the Ether on Ropsten does not have market value.
As result, developer will test the function on Ropsten avoid spend too much fees.

That means you have to pay fees for testing on Ether. I thought testnet is free of charge for testing purposes

mrsuccess87

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

TomSoong

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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.

Ropsten is a Ethereum testnet.
Almost all the mechanism are the same between Ropsten and Mainnet.
But the Ether on Ropsten does not have market value.
As result, developer will test the function on Ropsten avoid spend too much fees.

pghr12aditya_s

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Activity: 308

Merit: 104

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.

Hi. Ropsten Test network is just a testing environment. Once you have your application ready, you can use it for
blockchain simulations but without any real currency. You can read more about it here: https://ethereum.stackexchange.com/questions/13534/what-is-actually-ropsten-what-is-a-new-network

pghr12aditya_s

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Quote from: linapel318 on March 06, 2018, 02:05:35 AM

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 I ask what is an "address.g disaster management" and how does JOYSO applies it? I Google-ed it but can't find any information about it. Thanks!

Hey. I think I messed up while typing on my phone. I just meant to say that JOYSO has mentioned measures to handle cisaster/crisis management.

pghr12aditya_s

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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.

dkn2017

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

dkn2017

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Activity: 112

Merit: 0

Quote from: linapel318 on March 06, 2018, 02:05:35 AM

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 I ask what is an "address.g disaster management" and how does JOYSO applies it? I Google-ed it but can't find any information about it. Thanks!

That's also my question to Joy team

dkn2017

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

tvtinh

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ICO Advisor | Top 15 ICOBench Expert

Quote from: linapel318 on March 06, 2018, 02:00:58 AM

Quote from: pghr12aditya_s on March 05, 2018, 10:26:35 AM

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

Quote from: pghr12aditya_s on March 02, 2018, 10:58:54 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

A voting system has been proposed and Token will enable that. But I also agree that there should be some due diligence for checking authenticity of ICO and Token listing

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

Yes. But it's hard to tell. These days you have people selling their profiles for ICOs. So checking authenticity is becoming more and more difficult. I hope JOYSO puts in a strong mechanism to counter this

I agree on adding a screening mechanism when deciding which coins to list. Free and frictionless listing is great, however, I think this should only apply to the ICOs that are authentic. There are too many scams nowadays, causing people to have extreme losses.

It would make us as investors peace of mind or at least we have a good round for verification

tvtinh

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Activity: 168

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ICO Advisor | Top 15 ICOBench Expert

Quote from: pghr12aditya_s on March 05, 2018, 10:26:35 AM

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

Quote from: pghr12aditya_s on March 02, 2018, 10:58:54 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

A voting system has been proposed and Token will enable that. But I also agree that there should be some due diligence for checking authenticity of ICO and Token listing

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

Yes. But it's hard to tell. These days you have people selling their profiles for ICOs. So checking authenticity is becoming more and more difficult. I hope JOYSO puts in a strong mechanism to counter this

Great point to raise. Many celebs now are selling their reputation for ICOs

linapel318

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Activity: 36

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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 I ask what is an "address.g disaster management" and how does JOYSO applies it? I Google-ed it but can't find any information about it. Thanks!

linapel318

newbie

Activity: 36

Merit: 0

Quote from: pghr12aditya_s on March 05, 2018, 10:26:35 AM

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

Quote from: pghr12aditya_s on March 02, 2018, 10:58:54 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

A voting system has been proposed and Token will enable that. But I also agree that there should be some due diligence for checking authenticity of ICO and Token listing

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

Yes. But it's hard to tell. These days you have people selling their profiles for ICOs. So checking authenticity is becoming more and more difficult. I hope JOYSO puts in a strong mechanism to counter this

I agree on adding a screening mechanism when deciding which coins to list. Free and frictionless listing is great, however, I think this should only apply to the ICOs that are authentic. There are too many scams nowadays, causing people to have extreme losses.

pghr12aditya_s

full member

Activity: 308

Merit: 104

Quote from: tvtinh on March 05, 2018, 02:36:19 AM

Quote from: pghr12aditya_s on March 04, 2018, 10:45:28 PM

Quote from: tvtinh on March 04, 2018, 08:49:37 PM

Frankly, with all problems I have faced with many existing exchanges now, HEX would be the best alternative to come. Thank you

I also feel the same. With recent hack on etherdelta, I lost almost 1 eth. Which maybe a small amount for some, but it's huge for me being in a country where 1 eth is enough to survive for an year

Sorry to hear about that. I have been stolen of 1400 CPY yesterday too because of a stupid click but it is a great lesson to choose a reliable platform to work with in the future and security is the top priority now

It's good actually. Since the mapping in Joyso will be done off chain, this problem might not arise. Smart contract will ensure this. I would like to hear more about the additional security features from dev team

pghr12aditya_s

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Activity: 308

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

Quote from: pghr12aditya_s on March 02, 2018, 10:58:54 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

A voting system has been proposed and Token will enable that. But I also agree that there should be some due diligence for checking authenticity of ICO and Token listing

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

Yes. But it's hard to tell. These days you have people selling their profiles for ICOs. So checking authenticity is becoming more and more difficult. I hope JOYSO puts in a strong mechanism to counter this

tvtinh

jr. member

Activity: 168

Merit: 1

ICO Advisor | Top 15 ICOBench Expert

Quote from: pghr12aditya_s on March 04, 2018, 10:45:28 PM

Quote from: tvtinh on March 04, 2018, 08:49:37 PM

Frankly, with all problems I have faced with many existing exchanges now, HEX would be the best alternative to come. Thank you

I also feel the same. With recent hack on etherdelta, I lost almost 1 eth. Which maybe a small amount for some, but it's huge for me being in a country where 1 eth is enough to survive for an year

Sorry to hear about that. I have been stolen of 1400 CPY yesterday too because of a stupid click but it is a great lesson to choose a reliable platform to work with in the future and security is the top priority now

tvtinh

jr. member

Activity: 168

Merit: 1

ICO Advisor | Top 15 ICOBench Expert

Quote from: pghr12aditya_s on March 02, 2018, 10:58:54 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

A voting system has been proposed and Token will enable that. But I also agree that there should be some due diligence for checking authenticity of ICO and Token listing

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

tvtinh

jr. member

Activity: 168

Merit: 1

ICO Advisor | Top 15 ICOBench Expert

Quote from: TomSoong on March 02, 2018, 05:28:32 AM

Quote from: tvtinh on March 02, 2018, 01:38:22 AM

I think the proposed fees scheme for order makers and takers are competitive compared to existing exchanges now. However, my question is related to listing criteria. Will you assess tokens/ coins before listing or you will apply voting system like binance any many others now?

We will not apply voting system since our architecture is much easier to list than CEXs.
Our market manager will refer to the liquidity on coinmarketcap to list the new ERC20 tokens.

Great to hear that, voting is good but sometimes it causes problems for many investors too as fees incurred. Thanks for clarification

pghr12aditya_s

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Activity: 308

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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."

Topic: [ANN] JOYSO Hybrid-Decentralized Exchange (HEX) is now available on imToken 2.0! - page 4. (Read 1920 times)