So I had a radical idea hit me, I haven't quite got this nailed down, so help me run with this...
Maybe pre approving securities isn't the way to go. Maybe setup the marketplace to reward good and punish then delist the bad instead.
My idea is something like this:
list everything, use the BTC5 to "pre qualify"
Give every listing a vote like they have now (green/red) but open voting to everyone
Setup the fee's to trade on a sliding scale, start at 1% and as assets gain green they get cheeper to trade in (0.2%), as they sink in red they get more expensive(10%)
Order the marketplace with the most green at the top and most red at the bottom, make it obvious to everyone the vote count.
Setup a rule that assets must meet X volume per week to stay listed, increasing volume required for red, and decreasing for green.
Good assets will be listed at the top of the marketplace and become cheaper to trade in while requiring less volume to stay listed
Bad assets sink to bottom of the marketplace, cost more to trade in, and require more volume to stay listed
...
Topic: Re: My Criteria for Approving Securites on LTC-GLOBAL and BTC Trading Corp (Read 358 times)
December 11, 2012, 10:22:57 PM
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