Seeeeriously .... XCP needs higher Volumes. I spent the last 7 days of buying XCP in small batches because the turnover volumes are so minimal.
IMO the current landscape is not very mature and does not reflect accurate 'value' of XCP , I think as CounterParty doesn't pretend unlike some other projects to be used for buying starbucks in a few years but a complete protocol, an entire suite of tools extending bitcoin right now it has a lot of untapped potential
I wrote some ideas below on how volume could potentially see increases, I'm sure this is just the tip of the iceberg
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Breakthrough on secure BTCpays. BTC is the most liquid cryptocurrency we have now. There exists a couple of services
now that will convert BTC into BTC backed Counterparty assets tradeable on the exchange with all the benefits they afford over plain BTC
https://github.com/tokenly/xcp-gatewayhttp://www.vennd.io/but there's an additional conversion going on making it less than frictionless, again seems some users have a mental block to two step
processes + handling IOUS, despite the fact this is essentially how all the centralized exchanges work and at least this way things are more transparent.
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Desktop wallet (Some users have pyschological block to running web-wallets, regardless of whether it's running client side)
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Further Incentivation for using counterparty network:
1) Further use cases for asset registration (e.g wallet that routes XCP assets as vanity Addresses to issuer in sender field)
Access control/membership systems (if you own SITEPASS you can access), Coupon/discount service (SEND COOLSITEDISCOUNT) at checkout
phase to earn a discount. There's a demo of how such a thing could be implemented here
https://pay.blockscan.com2) Further use of XCP as a betting tool: e.g binary options, dice games
3) Further use of Feed/Broadcasts: provable announcements, Proof of existence, prediction markets etc
4) Use of XCP as a fuel for smart contracts (especially if ethereum launch delayed and smart contracting talent can be attracted over)
- Autobridges into more mature markets (MT4, Ripple, Sierracharts) -
Most of these already have decent market making infrastructure in place, and more that's being built.
- other fiat onramps, seems bitsquare could be forked to provide decentralized LBC style markets for XCP
- OTC markets, brokers + dark pools. a start here:
https://bitcointalksearch.org/topic/m.10373188-
Increased tokenization of existing physical or digital assets onto the counterparty network, We already have two established bullion dealers operating on counterparty, but you could trade anything- not at all limited to cryptocurrency-space, paper stock certificates, ingame currency, coffee beans.
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Emergence of asset trading services, ratings agencies, WoT-like trust mechanisms this could facilatate services built on top like p2p lending platforms
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Increased Asset / asset trading directly on the DEX (e.g SJCX for LTBC or XCP for GEMZ)-
Exchange adoption of CounterParty tech (e.g imagine lakeBTC could allow withdrawal/deposit of LAKEUSD to counterparty) In this
way, fiat liquidity would be added to the decentralised exchange- although the centralised exchange would not directly
profit from trade fees occuring on-chain they would be earn slices as an onramp, and ultimately funds would arrive
back at the exchange as a final destination for redemption. This model is similar to tether, recently adopted
on bitfinex aside from the fact the fiat backed token would be specific to each exchange .
