Topic: [ANN] Wild Beast Block [WBB] on 1ex.trade, no PREMINE, Honest ! - the wild one - page 236. (Read 546408 times)

Look at YOBIT coin YOVI. It's absolute pyramid scheme, but still it is bought from market. 1EX is just limited by min value. Everything above is a chance to make profit through price fluctations. YOVI you can't sell lower than last price and/or if so called slots are available (which aren't in near future).

I have 23k YOVI coins. Current price is 0.00094100. You can make calculations, how much BTCs I have theoretically. I could buy a lot more WBBs from market. But all my YOVI coins are locked by impossibility to sell them even at significantly lower price.

Hi,

lol uki... it is good to ask
Traders will come it will take a little time till exchange gets up to speed. 1EX is a good home for traders due the min value and closed source

Thanks

WBB & 1EX Dev

thanks for the additional explanation. In case 1ex code is a closed-source, then there is no such a problem I mentioned above. you sell it as your product at the exchange you run with the minimum price you set. Point and end of story. Then the only problem is to find the buyers and sellers at these prices.  

A CapriCoin... When that scam will end?! Seems like never...

CPC with 200mlj premine, no developer atm, is traded at 0.00155BTC.

WBB with zero premine, massive developments by it's dev, honestly mined, 1.15mlj coins in circulation, is traded at 0.00007BTC.

...............................................

Hi

Pegging has nothing to do with market manipulation it is the price of a product.

Regarding ninja listing, 1EX is closed source. If you see 1EX on a different exchange then you can be assured it is not the 1EX coin. This coin has a min value of 100.00 USD and can not be bought below. If because of cross trading and drop of the secondary currency the initial placing of an order is below 100.00 USD then it can not be bought. This is to ensure trader know there is always a base of 100.00 USD per coin.

WBB can be listed on any exchange as it is open source so this is a normal listing. So this is not a nija listing but a normal listing on other exchanges.

You have to think in a way where you as a trader could make a profitable switch in a 3rd pairing whereby you need to be quick and also need to know what the 3rd currency in place is trading or where it is going. This of course can go both ways.

ps: The only other option is to remove the min value of the 1EX Coin, then it is irrelevant to what price you trade on any crypto currency.

Thanks

WBB & 1EX Dev

In any case pegging 1ex price to $100 per unit is already a market manipulation and the rest is consequence of it. Imagine, that some other exchange ninja-lists 1ex (as it just happened to WBB), there will be no such protection whatsoever and theoretically there might be buyers/sellers below peg price. I agree that the idea I proposed would create more problems actually. I am just thinking out loud, what is the most reasonable solution to make trading of 1ex-altcoin pairs easier.
  

Hi,

As cross trading will / could create fluctuation it is therefore more risky to make more. But in the same time it could increase profits on trading.
What we cannot do is to adjust your order on the fly so you get a buy or sell. This is:
a.) illegal in any way you see it
b.) would be manipulation of market from our side which is illegal
c.) we would interfere with your trading which is also illegal

Think this way lets say you where willing to pay for 1 1ex 0.25BTC at the time then the price for what ever reason sinks on BTC to 1 1ex=1BTC, then we adjust the price for you and you pay 1BTC per 1 1ex.
30min later BTC is back up again. so what then? you will not be a happy customer right as you have juts for the sake of getting 1 1EX with BTC paid 4 times what you would have liked to pay.

So cross trading if for the trader right which takes bigger risks. It carries greater risks as you include a 3rd variant to trade and you need to be sure you trade or know what you do here.

Thanks

WBB & 1EX Dev

Would that mean that we will have to automatically adjust orders for selling 1ex versus another crypto if the value of that crypto goes down, so that the minimum of $100 per 1ex is meet? Usually the orders are executed on the FIFO basis, this rule would change it: I put an order on day 1 to sell 1ex against some altcoin at the minimum price allowed - meaning I am first in the queue for selling. If, after 2 days the price of that altcoin goes down and I don't correct it, my order won't be executed. Wouldn't be easier to add the option of automatic tracking the allowed minimum, otherwise trading of 1ex versus altcoins would be too complicated.

Hi,

To kick start and to prep for next week when more coins are online there is a new fee structure

Check it out
https://1ex.trade/fee-schedule.php
When you start trading it will then automatically adjust after your next trade

Thanks

WBB & 1EX Dev

Hi,

Option 1:
Trade 1EX to Fiat - Best option as you always get the rate to USD from any fiat. This is also the best for traders which like to ensure they are not using also the fluctuation of other crypto currencies.

Option 2:
Trade 1EX to Crypto currency - Here you are trading 1EX to a min of 100 USD but also taking the price of the trading crypto currency in to account. e.g.

Lets say BTC is at 400 USD and 1EX is at this time 0.25BTC
1EX <> BTC so 1 1EX=0.25BTC

a.)
Now you buy this 1 1EX for 0.25BTC

b.)
If  then the BTC price rises to 500 USD would mean that 1 1EX is 0.2BTC at the time
Then when you sell your 1 1EX you have a set min price of 0.2BTC
So you have paid from the initial trade to the latest USD to BTC price 0.05BTC more to the crypto price of BTC

c.)
If the BTC price falls to 200 USD would mean that 1 1EX is 0.5BTC at the time
Then when you sell 1 1EX the min price is 1 1EX= 0.5BTC
So on your buy of 1 1EX at 0.25BTC you have made in cross trade 0.25 on top

On trading the 1EX coin against other crypto currency you also speculate on the other crypto currency (up/down)

Does it make sense?

What is said here is when you trade 1EX against other crypto you may be able to increase profits more but your risks are higher
When trading against Fiat then risk is lower as you do not need to consider the fluctuation of other crypto currencies.

Thanks

WBB & 1EX Dev

Does then minimum conversation rate (1EX to other currencies, except USD) changes all the time? Current TOP sell orders 1EX vs BTC are invalid as we can only put sell order @0.24301337BTC price at the moment.

Hi

1EX shares are so you receive a % payout on profits the exchange makes.

These are visible in your account on the exchange inclusive earnings, payouts, what you have and history.
Shares can not be traded like other coins as shares are no coins.

Shares are locked during most of the year and are only unlocked for 1 day a month when payouts are made.
Shares can then be also bought during this unlock phase.

If your account is not enabled for shares then you will not see this option.

Thanks

WBB& 1EX Dev

is there some sort of report that explains in detail what 1ex shares are and what they are on the exchange for

Hi,

due the pegging the lower trade can not be executed
This means
1ex-btc= BTC 0.20958628 ($80.57) This trade was set as the value 1 1ex to 0.20 BTC was 100USD min. as BTC value is less people will not be able to buy this trade due min value.

So if you cross trade on 1ex and the other crypto currency falls below 100 USD it can not be executed against it

Fiat is different as it is always against USD in conversion

Thanks

WBB & 1EX Dev

rate 1ex
1ex-usd= $100
1ex-btc= BTC 0.20958628 ($80.57)
1ex-wbb= 2201.88 wbb ($57.44)

nice  

Open source is safer in a lot of ways, anyone can see security problems and point them out, doesn't mean they can break encryption. I remember the bad code for Gox was released, that was hilarious

About 15k I think, I used WBB to get my coins out of Cryptsy a month or so ago, I am pretty sure I know what wallet it is on the chainz and it has about 15k in it

Hi

Oh... not requested from us.

Thanks

WBB & 1EX Dev

new market?

http://safecex.com/market?q=WBB/BTC

we are also on yobit


thanks to complete OP

OK, guys, game over! Dump all your WBBs!!!

I am SIRIOUS!!!