With the development of SuperNET's iDEX platform near completion, serious consideration is being given to whether this coin should remain listed on Bittrex once it begins trading on iDEX. Being able to trade without the risks associated with centralised exchanges raises the question of why one would still use Bittrex.
The back-end setup for the ATM operation is intended to utilise the iDEX API.
If anyone has any opinion on the subject, I'd welcome feedback.
(1) "Near completion" means months, if ever, with those guys.
(2) BITS are not traded on iDEX... a special token called superBITS (a NXT asset) is. This is rarely made clear.
The spreads for superBITS will be huge unless these tokens attract 100s of day traders = very unlikely.
(3) All of NXT has 200-300 users. How many of those will trade superBITS tokens? 3? 5? 10?
(4) There has never been a decentralized crypto exchange with liquidity.
I'm sure iDEX will fake liquidity for a while (like putting up buy/sell walls), but this repels real traders...
Because it's too hard to make money with whales and walls manipulating the market.
(5) Only someone who has been shot-gunning SuperNET Koolaid would delist from Bittrex.
Hi ZeroSum, looks like your opinions have been generated from a slightly misconception, allow me to clarify:
(1) Near completion, yes. Considering the timeline (we have been working since October/November on it, from December with specific dedicated devs) it is very close to completion. Please consider the major changes that have occurred as of late (server architecture migration, major changes in core code - Ram/Lchains), and you will have your answers as for the reasons.
I would suggest you that you visit our slack (if you have not yet) and check both #instantDEX and #API channels for a more detailed approach.
(2) BITS is traded in instantDEX, and you receive BITS that are usable wherever you wants BITS to be used in. Tokens or not being traded in instantDEX at a very short-term step used as objection is irrelevant, and btw, this way is more secure than in a normal centralized exchange.
(3) Your facts need a serious reality check, only in China the NRS client has had thousands of downloads.
(4) There has never been any real crypto decentralized exchange, in fact. NXT AE is mostly assets exchange. We aim to change that with instantDEX, feel free to use its services if you find them useful (or not).
(5) Well, I might agree with you here, but let's see what happen... From a pure darwinian logic POV, in a few months, it would appeal stupid to NOT have your asset/coin in instantDEX. Time will tell.
Any other question, please let me know.
DISCLAIMER: I am a superNET core team member, so my answers that are NXT related should be taken as merely personal opinions. And to be honest, it is far from my intent to try to convince anyone from anything, if you do not feel comfortable holding or buying superNET, please do not. My goal is to do my best to clarify doubts or misconceptions.
Eth.