Author

Topic: New Ethereum DEX with unique features. Is it useful? (Read 223 times)

newbie
Activity: 5
Merit: 3
Is there going to be some beta testing before release?
I may consider participating.

How do you plan to create real volume and is there any plans for marketing?


good idea  mate   .having a beta test can ensure that the website can work on a nearly perfect condition after it becomes live  as when compare to a site that dont undergo in a beta test .  doing a beta testing can give imediate traffic to the site due to the testers and these testers can also grab thier friends to try the site as well but of course it will be more better to conduct a proper marketing not only on this forum but also on other crypto based websites  for faster recognition of the site   .

Funny you should ask, Ian and I have been talking about how to launch for a while. What we're going to do is build a "game" on top of the protocol that you and your friends can play which will also test out all the underlying code and UI. This will hopefully bring in a base of both new and experienced Ethereum users while making sure Rogue is an enjoyable tool to use. I'll post a link to the beta test once it's up. Here is the telegram chat where you will be able to haggle for items in the game with other players: https://t.me/roguedex

Keep your eyes out for the release announcement.
full member
Activity: 1750
Merit: 118
Is there going to be some beta testing before release?
I may consider participating.

How do you plan to create real volume and is there any plans for marketing?


good idea  mate   .having a beta test can ensure that the website can work on a nearly perfect condition after it becomes live  as when compare to a site that dont undergo in a beta test .  doing a beta testing can give imediate traffic to the site due to the testers and these testers can also grab thier friends to try the site as well but of course it will be more better to conduct a proper marketing not only on this forum but also on other crypto based websites  for faster recognition of the site   .
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Is there going to be some beta testing before release?
I may consider participating.

How do you plan to create real volume and is there any plans for marketing?
newbie
Activity: 5
Merit: 3
Wow didn't expect so many responses! Let me try and answer everyone's questions.

too many DEXs have been released, and on average they aren't too popular, some don't even have a trading volume. I think there are enough DEX right now and the community doesn't need it. although the new DEX has many good features, if without users I think it will be useless.

Trading volume was an important factor to consider, hence why we are bringing in Uniswap integrations so liquidity is there on day 1.

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will it support other types of tokens in future or only ERC-20 specifically

Technically speaking ETH isn't an ERC20 token, but it is supported. In the same way, other token formats may be supported out-of-the-box, but it really depends on the nature of those tokens. For example, support for ERC721 is something we would like to develop as it has huge implications for defi that I'm not going to get into here, but it is on our radar. Just depends on how much community support we receive.

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will it have support for browser plugins like Metamask to help protect users private keys

So unlike every DEX / centralized exchange I've interacted with, there is literally no signup / login with this protocol other than granting access to your key to issue transactions. Everything is self-contained on the client app & we have no central server integration, because you know, it's decentralized. We think metamask has a miserable UX so we built it without requiring metamask, just your key pair, but you can easily use metamask with it if you already have the extension. Side note - There will be a downloadable "user profile" for Rogue which is its own wallet tracker. Seemed like a "nice-to-have" feature.

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So it basically means the only trading pair is ETH?

This couldn't be further from the truth, you can make a pair with literally any ERC20 tokens (and also ETH). Also, I should mention, you can make multiple order rows, effectively creating arbitrage loops in a single transaction. (I'll probably make a few tutorial videos on how to do this since it starts to get into the weeds of the protocol).

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the majority of these token projects is pure vaporware money grabs

This is true, and as someone who cares about the future of decentralized systems, it's a real disappointment, but I think this is also "the price you pay" for truly decentralized systems. It's a matter of how you educate yourself and your friends on what should and should not be given attention. You're in charge of your own finance, you're taking part in radical self reliance and autonomy. The price is vigilance.

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Guess you're gonna compete with McAfee's Ethereum DEX as well.

Compete? Not really. Like I said, this is totally free to use. There's no business model here and it only gets developed into something better through community support. If you'd like to support us, there's a donation link on our site @ www.roguedex.com You can get an enamel pin with our logo sent to you if you donate more than .25 ETH and live in the U.S. Cheesy

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How is your P2P option different from simple wallet transaction? If you are not acting as escrow that means ownership of tokens still lie with the seller. So how will transparent and fair trade take place?
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It could be an internal transaction.
Went you can send any amount as long you send using a same platform, it's really impossible swapping directly with your friend without doing a transaction chain. The internal transaction was an alternative optional from my thinking.

Ok these are really good questions and I didn't answer it very well previously. A critical development of ours is what we are calling the "Rogue Agent". It's a smart contract that you mint & control. It has the ability to act like another user on Ethereum, but it can only obey your commands and certain commands from others when you give them control access. Let me create a short example of what a token swap would look like and how it is facilitated with rogue agents at a high level:

- Alice and Bob want to exchange ETH for DAI respectively. Alice makes an agent and sets her order 1ETH->4DAI. Bob makes an agent and sets an order for the opposite transaction 4DAI->1ETH.
- Alice then sends Bob her agent. Now at this point, Alice can't withdraw her ETH from the agent since she no longer controls it, but Bob can't touch her ETH either. All bob can do is execute the order on Alice's agent. The agent checks to see if Bob has an agent with an order that completes Alice's. If so, the swap happens in one transaction. Then, Alice recalls her agent and withdraws her 4DAI. Hope that explains some of the details / inner workings. These agents and their functions comprise the core Rogue protocol.

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people love to remain little critical here but believe me your product is good.

I'm looking for critique so it's ok, and thank you for the remarks Cheesy

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free completely? what do you mean about that?
will the trading fees are free or listing to this dex is free?

Yes and yes. It's just completely free. There's no business model here. The application is completely decentralized and so once it's on the blockchain we would have zero overhead costs. It doesn't seem right to charge for something that literally costs us nothing to "run" as we don't run anything.

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What is Rogue Pin?

It's a small enamel pin of our logo. It's a thank you gift for donating 0.25 ETH or more to Rogue's development Cheesy
hero member
Activity: 1344
Merit: 502
There isn't much to see yet apart from a home page but will it support other types of tokens in future or only ERC-20 specifically and will it have support for browser plugins like Metamask to help protect users private keys when trading on your platform?
jr. member
Activity: 352
Merit: 3
So it basically means the only trading pair is ETH?

I've never been a fan of ERC20 tokens, since the majority of these token projects is pure vaporware money grabs - I do wish you the best of luck with your project though  Grin - Guess you're gonna compete with McAfee's Ethereum DEX as well.

My favorite DEX out there is Blocknet's DX. - https://blockdx.com/

It's no surprise that all these DEX's lacks liquidity, but it's not something that worries me, since we're still in a bear market, with the majority of people holding, and not trading. (Myself included).

Cool thing about this DEX, is that you can buy a node on your own, and collect trading fees in the future, I'm sure you can make a LOT of money if DEX's takes off.  Wink
legendary
Activity: 2660
Merit: 1261
I saw that you gave detail about last point i.e. 'Swap with friends' in your other post but things are still unclear to me, could you explain me more. How is your P2P option different from simple wallet transaction? If you are not acting as escrow that means ownership of tokens still lie with the seller. So how will transparent and fair trade take place?
It could be an internal transaction.

Went you can send any amount as long you send using a same platform, it's really impossible swapping directly with your friend without doing a transaction chain. The internal transaction was an alternative optional from my thinking.
legendary
Activity: 1918
Merit: 1728
I'm an engineer working on a DEX with a friend of mine. We're nearly done, but in true engineer fashion we've developed the tech before seeing if there are people who would use it. If you could let me know if you see any value in this or not, or what else you'd like to see, that would be really appreciated. Here are the core features:
- Free, completely
- Ethereum ERC20 tokens only (no BTC / other chains)
- Can list any ERC20 token without registration approval (it's decentralized so, there's no central authority on what can be listed)
- Leverages liquidity from Uniswap if the token pair you're looking for isn't being traded yet
- Can facilitate Auctions/ICOs/STOs and inherently turns all of these into IEOs
- Direct swaps with friends

I liked the idea. You have tried to pack all in one and things seem pretty balanced to me.

I saw that you gave detail about last point i.e. 'Swap with friends' in your other post but things are still unclear to me, could you explain me more. How is your P2P option different from simple wallet transaction? If you are not acting as escrow that means ownership of tokens still lie with the seller. So how will transparent and fair trade take place?

By the way, you may not find many favorable reviews on Bitcointalk as people love to remain little critical here but believe me your product is good. The only problem I see coming is in point 3 i.e. 'Can list any ERC20 token without registration approval'. I am currently researching whether the grounds of my doubt are reasonable or not, if I find that this may have negative impact on users' trading experience then I will inform you.
legendary
Activity: 1960
Merit: 1026
free completely? what do you mean about that?
will the trading fees are free or listing to this dex is free?
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
The idea is great, because unfortunately nowadays there is a lack of truly decentralised exchanges. Forkdelta cannot fund itself any longer, IDEX has implemented KYC process, Binance DEX does not support enough coins.
legendary
Activity: 2492
Merit: 1018
Quote
*No central token registry means anyone can list anything, including fake tokens. Always search and verify by token address. Use at your own risk.


This will really be taken by scammers as a chance to push their project to new investors so yes your DEX is useful for scammers as well not just to people who avoid KYC. I don't know if its unique but you seem confident of you security so opensource is usually good because its going to be checked by developers to see the codes. What is Rogue Pin?
 
full member
Activity: 821
Merit: 100
Volare.network
too many DEXs have been released, and on average they aren't too popular, some don't even have a trading volume. I think there are enough DEX right now and the community doesn't need it. although the new DEX has many good features, if without users I think it will be useless.
newbie
Activity: 5
Merit: 3
Quote
- Free, completely
First off, I've never seen a free dex. Taxes and fees are always being pulled either from the dex itself, a market maker, or returns from their intermediary "utility" token. Even Uniswap pools take a 0.3% cut.

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- Can list any ERC20 token without registration approval
I've seen dexs where you can submit tokens for approval, but this is in direct contradiction of what decentralized means, so.... Those aren't decentralized exchanges.

The ability to swap directly with peers (eg. friends) means exactly what it sounds like. It's P2P exchange, but trustless. Meaning there is no third party you're putting in charge of your tokens while the trade is executed. It's like Venmo or the Cash app, but without a central authority, and you're trading tokens rather than just sending them unidirectionally. Someone could easily build a social platform on top of this if they wanted to.

As far as using Uniswap our core reasoning was that liquidity is extremely important to traders and Uniswap already provides decentralized liquidity pools with easy-enough integration. But as you know, Uniswap is a direct exchange, there are no "bids". The exchange rate is determined algorithmically. So using Rogue means you can either opt for the direct exchange rate through Uniswap, or place a bid on Rogue and establish an actual marketplace.

It seems like decentralization isn't at the top of people's list of important features, which is definitely interesting. I definitely recommend this article from 2018: https://medium.com/coinmonks/the-dark-side-of-decentralized-exchanges-82d49d55e419
legendary
Activity: 2492
Merit: 1164
Telegram: @julerz12
I'm an engineer working on a DEX with a friend of mine. We're nearly done, but in true engineer fashion we've developed the tech before seeing if there are people who would use it. If you could let me know if you see any value in this or not, or what else you'd like to see, that would be really appreciated. Here are the core features:
- Free, completely
- Ethereum ERC20 tokens only (no BTC / other chains)
- Can list any ERC20 token without registration approval (it's decentralized so, there's no central authority on what can be listed)
- Leverages liquidity from Uniswap if the token pair you're looking for isn't being traded yet
- Can facilitate Auctions/ICOs/STOs and inherently turns all of these into IEOs
- Direct swaps with friends

The first three features seem to be a general feature of DEX's especially those which are built within Ethereum network so that won't be an advantage of your version of DEX.
The other three, however, seems great. Could you explain a bit much further how this "Direct swaps with friends" works? Does your DEX also have a social media platform feature to it? Making it available to add certain users as "friends"? or this is just plain P2P trading?  Cheesy
newbie
Activity: 5
Merit: 3
This is our website roguedex.com

We're in Alpha right now, Beta comes out in a few weeks.

People can choose what tokens/pairs they want to watch, and pump & dumps happen on central exchanges. Voting won't change this. We have been thinking of building a plugin people can use to create curated lists of tokens to stay above the noise.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
Could you give if you already have the website of it? It can easily be seen if it is already existing and is in beta phase already.

About the listing details, there should be a voting process or sort of like that. Without which, the DEX will be full of dying coins trying to pump by its devs and holders.
newbie
Activity: 5
Merit: 3
I'm an engineer working on a DEX with a friend of mine. We're nearly done, but in true engineer fashion we've developed the tech before seeing if there are people who would use it. If you could let me know if you see any value in this or not, or what else you'd like to see, that would be really appreciated. Here are the core features:
- Free, completely
- Ethereum ERC20 tokens only (no BTC / other chains)
- Can list any ERC20 token without registration approval (it's decentralized so, there's no central authority on what can be listed)
- Leverages liquidity from Uniswap if the token pair you're looking for isn't being traded yet
- Can facilitate Auctions/ICOs/STOs and inherently turns all of these into IEOs
- Direct swaps with friends
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