What's going on with the BTC/NOTE pair on Mercatox?
Completely stopped trading, crashed the price just when we were eking out some upward momentum. Back to all time lows.
Any plans to develop more exchange relationships? NOTE needs more than just Mercatox listing, right?
Completely stopped trading, crashed the price just when we were eking out some upward momentum. Back to all time lows.
Any plans to develop more exchange relationships? NOTE needs more than just Mercatox listing, right?
Not sure, maybe just a glitch? I don't see a crash in the history on Mercatox, so I assume it was a temporary problem.
Currently our primary exchanges are STEX and Mercatox. Being on more smaller exchanges will not have a significant impact, especially when considering the cost of listing on many of the small exchanges. They generally don't bring you traffic or exposure or volume, or even 'cred'. The smaller exchanges are only active when there are significant arbitrage opportunities or where there are larger exchanges leading, so there is no value added at this time. There may come a time when that does make sense, when DNotes is on an upswing of participation and price, to help the momentum and give us the extra push needed to get on the larger exchanges. Right now it would just be an additional burden to worry about.
A larger and more credible exchange, such as binance, is highly desirable, but those exchanges aren't going to list us without significantly more support and/or significant funds.
Our focus is revenue, funding, and growing our potential user base. All of which will aid in the exchange issue and HERo is the platform that will create the opportunity to grow in all of those areas.
This all makes complete sense. Thanks for the color. I get the big exchange stuff, I mean look at the Digibyte founder unloading at Binance on Twitter the other day, RE: the fees they demanded to be listed. That makes sense.
But didn't see the smaller exchange listing logic as you laid it out. Make sense, especially from a defocusing point of view.
I think it would be a good risk mitigation measure to have at least one other tracked exchange listing DNotes. Mercatox bug one day, cut the price by 50%. Perhaps good to have another one, to mitigate scenarios like this in future, imo. So it's not some big strategic endeavor that takes time from more pressing dev tasks. But rather just a line item task/tactic to provide some downside protection.
