Topic: *Closed all day* Coinye/COYE<->BTC fixed exchange (.1BTC/mil) - page 4. (Read 4410 times)
Sorry I won't go under 0.05BTC for 200k
No This is a fixed exchange.
Ok I will sell 300K for .0533333333BTC let me know how to proceed
BTC0.042 Ok I will sell 300K for .0533333333BTC let me know how to proceed
No This is a fixed exchange.
Ok I will sell 300K for .0533333333BTC let me know how to proceed
Ok I will sell 300K for .0533333333BTC let me know how to proceed
Let's call it a "soft fixed rate." To move price, all stock of either coin must be sold out. Someone must then place an outstanding order .005 or more above or below the last ask or bid for a coin which no longer has reserves.
For example, there is currently 500K COYE in reserve. If someone buys them all, then places an outstanding order for, say, 5M COYE @ BTC.18/mil, the "fixed" price will move to BTC.17/mil with the same spread (BTC.16 sell, BTC.18 buy). Any outstanding orders beyond this must exceed the previous outstanding order by at least BTC.005. To help minimize manipulation and wasting my time, an outstanding order requires a 100% deposit. The deposit will be refunded in full if it is not at least partially filled within 12h.
For example, there is currently 500K COYE in reserve. If someone buys them all, then places an outstanding order for, say, 5M COYE @ BTC.18/mil, the "fixed" price will move to BTC.17/mil with the same spread (BTC.16 sell, BTC.18 buy). Any outstanding orders beyond this must exceed the previous outstanding order by at least BTC.005. To help minimize manipulation and wasting my time, an outstanding order requires a 100% deposit. The deposit will be refunded in full if it is not at least partially filled within 12h.
Will you buy 200k COYE at 0.05BTC?
Hodling today while market prices are low.
Haven't seen this before. Thought it might be a fun experiment. 50% of profits will be reserved for something altruistic in COYE space.
Valuing COYE @ .15BTC/mil, or .00000015BTC/COYE. You always send first.
Sell COYE @ .14BTC/mil (250K min order)
Buy COYE @ .16BTC/mil (250K min order)
Reserves:
1.5M COYE
0.358 BTC
Haven't seen this before. Thought it might be a fun experiment. 50% of profits will be reserved for something altruistic in COYE space.
Valuing COYE @ .15BTC/mil, or .00000015BTC/COYE. You always send first.
Sell COYE @ .14BTC/mil (250K min order)
Buy COYE @ .16BTC/mil (250K min order)
Reserves:
1.5M COYE
0.358 BTC
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