Thank you for that detailed response! That poker table comparison makes sense and that is why I like the concept your project is offering. Live trading!?? Interesting. Do you have anything you can show us?
Yes, the following image demonstate how our live trading interface will consist of:
(please wait until image is load as it may takes some time)Prior to the trading day, FireToken team will relase the exact time and exchange the community will be trading on, so that members will have sufficient time to get their trading account funded and ready to move in unison.
On the day of trading, members will log into their trading account, and on a separate window or tab log into FireToken website. It is advised that both windows are displayed at the same time.
On our trading interface, there will be a 1 minute candle chart with live data imported from the exchange.
Members will have their FirePower Vote balance earned from staking FireToken displaying on the bottom left corner. There will be two buttons with BUY or SELL option. Next to those buttons is an empty box, members can specify an amount of FirePower they would like to use for that vote. (you can use 1, or all of your vote balance)
Above the BUY and SELL buttons, you will see a screen displaying the results of each voting round. Each round will last 60 seconds, the poll will be open for 10-20 seconds, then the result will be calculated and displayed.
The number of votes indicate if this is a strong vote, or a weak vote.
(If the result is a BUY, but only 50 votes were used, it wont be considered a strong indicator. We advise to speculate when a weak vote is displayed. However if 560 votes were used, then it indicates that members agreed this is a good BUY point)
We understand that one member might uses all of his/her voting balance in one vote. That means he/she feels very strongly about this vote, and since he staked a high amount of FireToken to earns those vote, we agreed that his/her voice should be honored.
Please understand that when you stake FireToken, you show commitment to the future of our community. The value you agreed to stake away is transfers into our FireToken value. We use this value to trade with our community in order to profit, and we distribute this profit back into our community.
Our real profit generation here is the ability to agree on the next market move together, so that each FireToken trading member can anticipates the market and no longer participating!