Topic: What is meant by 'buy wall' in yobit ico (Read 657 times)
"Buy Wall" per se as what I understand is the amount set by Devs or even the whales to stop the Dumping of the said coins. They setup this so that it will absorb or buy all coins that will be sold lower than the ico price. Something like a buy support. "Wall" something that can stop or hinder.
Prompt please that such yobit?
The "buy order" is a list of trading orders made by exchange users who want to buy at a specific price. A "buy wall" is a big accumulation of buy orders at a specific price that don't let the coin value drop below that(because of the big amount of demand at that price). Hope I made myself clear,but if you need more info don't hesitate to drop me a pm. 
Yobit offers different ICO pricing to run ICOs, for example
- 0% buy wall (20% fee + 0.5 btc prepay)
- 50% buy wall (10% fee + 0.25 btc prepay)
- 100% buy wall (10% fee)
Since 0% buy wall is more expensive than 50% buy wall in yobit, and even 100% buy wall is for free, your explanation makes no sense to me.
If a buy wall is what you described (a wall which does not let the coin value drop below it), then 100% buy wall should be much more "valuable" for the person who runs ICO, since it would guarantee him somehow better price. But it's the opposite. So I am afraid I still do not understand what those payment walls at yobit mean.
Yobit even offers something like "105% price wall", which makes the thing even more confusing
Anybody has a clue wht these buy walls or price walls are?
If there are a lot of bitcoins placed on buy orders on the same (or very similar) price, the market depth chart shows what looks like a little wall.
I've noticed that the walls are often on even amounts, such as 0.001, 0.0015 etc. They're not very often specifically on 0.001284.
I've noticed that the walls are often on even amounts, such as 0.001, 0.0015 etc. They're not very often specifically on 0.001284.
The "buy order" is a list of trading orders made by exchange users who want to buy at a specific price. A "buy wall" is a big accumulation of buy orders at a specific price that don't let the coin value drop below that(because of the big amount of demand at that price). Hope I made myself clear,but if you need more info don't hesitate to drop me a pm.
I was studying about ICO on different places. I went to yobit and saw the option of buy wall. Do you know what does it mean a d how it works?
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