Dear Community!
A very important block is the policy regarding to the exchanges and liquidity. Initially, it was planned to wait and move to a larger exchange. By many demand, we gave an intermediate version - the Bitbay.net exchange.
In general, we are satisfied with this exchange and its perspectives. On the margins of the Summit in Berlin, a meeting was held between the project manager KZCash and the Bitbay management. The exchange is interested in the growth of KZCash trades. Within 2 months, the pair with the Euro will be added (interfaced with the reorganization of the exchange). We received an important opinion about the market in general and recommendations. In particular, for a powerful project development, a larger daily turnover is needed. Agreed to cooperate in attracting traders. The growth of coin turnover is very important. Large exchanges and players are interested in coins with a turnover of more than 1 million USD. Agreed with the consult to jointly stimulate the growth of turnover.
A meeting was also held with the manager of the Kraken Sven Grensemann exchange. The opinion of this exchange is similar - they select qualitative coins (KZCash preliminarily fits this criterion), but only coins with million-day turnover are being listed, and in this direction it is necessary to work.
Agreed to put off this issue - see the launch of their platform, their volumes, and then return to this conversation. At this stage, the practical effect for KZCash is unclear. In case of a successful launch, we concider that the exchange has a huge potential.
Returning to an acute question - Coinbene.com and the BULLPOWER competition. Listing on this exchange did not bring the expected growth in turnover. The contest itself turned out to be technically difficult to implement and ineffective. There was a situation with re-checking the largest volume of the transaction at the same maximum price. Only today the confirmation from the exchange was finally received, and the prize was paid. We regret about the delay, we congratulate the winner, we keep the word.
https://blockchain.info/ru/tx/1b8b9fa4ae6e544286f691a3d3b81139a0f64323630532a3febfeb103a3f271bAccording to the general opinion, including Bitbay managers, the competition in this format is ineffective. It is necessary to become attached in the conditions to the criterion of circulation. In the current form - it's just an unreasonable waste of funds. We will consider all this in the near future.
Further, we turn to what we consider to be very important. Due to organizational and technical reasons (including listing on Bitbay and the Berlin Summit), the listing work with Okex was postponed. These days it resumes.
We will be well prepared, take into account all past successful and unsuccessful competitions. The analogy of "Racing for Masternodes" does not make sense to lead, as well as BULLPOWER exactly in the form in which it was tested. We will carry out analysis and consultations with the exchange itself, develop something effective for a stable growth in turnover. We expect that we will be able to do all the work for 3 weeks, we can more accurately say by the end of the week. Among other things, we calculate the option of listing with the contemporary re-branding. As for the rebranding, there will be a separate publication.
The team gained invaluable experience and communication with the exchanges during the recent times, including thanks to the exhibition in Berlin. At the moment, the level of communication, understanding of the tendencies of exchanges and the rating of the project among exchanges is much higher. Follow our publications.
We work for the Community!
I've asked you guys listing on big exchanges and you guys listing on cheap exchanges, in the end wasting the funding...