My name is Anton and I am an owner of ERC20 DEX (http://erc20.exchange). This is an exchange that I always wanted to build: ease of use, mobile-friendly, private and transparent for comfortable trading. Here is the look and feel of the exchange:
Key features which are already in place and fully working:
- DEX core functionality, including nodes and high-performance matcher
- ETH market with 80+ coins for trading
- Guest mode to let users with no node connection to browse comfortably
- Trezor support to trade directly from HW wallet
- ETH testnet is presented as a market where people can learn how to trade on DEX without any risk to lose money (like a demo account)
- Ability to add your own coin
- Dedicated layout for mobile platforms
- Best in class charting engine which is equally powerful on desktop and mobile platforms
Key features which are in progress and will be released in the near future:
- SSL applied to all user connections (that was my fail to not do it from the very beginning)
- Off-chain orders submission for higher speeds of trading (and less tx fees)
- Pending transactions will be properly shown in UI to mask lags of the network
- Translation for other languages
- Stability and performance improvements for nodes and the service
Main policy of the exchange is to minimize information collected from the users. That's why we don't have logins, passwords and never ask for your emails. Your wallet is your key to the exchange. Currently, the entire development is fully self-funded (our team covers everything from UI design to backend servers) to maintain full independency in decision making processes to avoid bias to one or another coin or service. However, with additional funds I would be able to get more people on board and move according to the exchange roadmap faster and more efficiently, strengthening the crypto community with new services.
BAG Token
That is why I am launching a BAG token (name is due to the next big service we are planning to launch: bagholder.org) which in the beginning will serve several purposes:
1. It is used for bounty program payouts (see bounty thread: https://bitcointalksearch.org/topic/m.38688800)
2. All exchange fees from this moment will be solely used to buyback BAG token from the market (I'll be posting all buy back transactions as a prove)
3. For 15 BAG tokens a month you can subscribe to monthly ICO Extermination service. We are sending out a list of ICOs not to invest in and explain why we think so.
In the future, BAG token will be used as an exclusive way to make payments for services available on bagholder.org.
Amount of tokens issued: 10 000 000 BAG
Digits: 8
Contract: 0x428Fb1B92dcEDaF61e910A23C008d900A8D1a2ce (ETH chain)
Only 1 000 000 BAG tokens are going to be placed on the market to sell to the community (basically, 10% stake in the exchange business). The rest will be kept out of the market with no near future plans for them (at least until we launch bagholder.org). They will be pegged to $0.5 from the beginning (expressed in ETH price). However, every week the price will be increasing by $0.05 until it reaches $1 (or all tokens are sold, whatever happens earlier). Crypto investments are always risky, there is no doubt, but I will do my best to drive exchange business and buy back tokens sold to the community. I do believe in this community and respect a lot those who take the opportunities and support early businesses. I'd like these people to get rewarded for that as they truly deserve.
Here is where you can buy your stake in exchange business, BAG tokens: http://erc20.exchange/ (ETH market, BAG token)
Monthly ICO Extermination
The first service which is already available for you for BAG tokens (and only for BAG tokens) is weekly ICO extermination list. We regularly conduct ICO reviews and once a month send out a list of ICOs which is better to avoid and not invest into (and explain why we think so). If you would like to subscribe or have any questions, please let us know by emailing [email protected]
Roadmap
* Beyond the features listed above we are planning to expand and cover erc721 trading (non-fungible tokens). We already acquired erc721.exchange domain for this.
* Offchain orders to perform more trades with less overhead for users
* Protocol for other DEXs to leverage our pool of orders (we've got all the tech required)
* Community service: bagholder.org which is going to be an information platform with various micro services useful for the community (cannot give more information at this point)
* Derivatives trading
Contacts
Initial thread about the exchange: https://bitcointalk.org/index.php?topic=3061769.100
Support Contact: [email protected]
Business Contact: [email protected]
Social
Follow us for news and updates!
Twitter: @ERC20Exchange
Twitter account has been limited in functions by Twitter for unknown reason (as many other accounts last day), but I hope it will be returned to normal once they finish clean up for giveaway spams.
Bounties
Bounty campaign: https://bitcointalk.org/index.php?topic=4313319.new#new
Feel free to ask any questions and I always appreciate feedback and suggestions!