Testing InstantDEX Beta!!!: https://www.youtube.com/watch?v=MKkKM7hMWOY
Topic: Will you use InstantDEX? (Read 5217 times)
See InstantDEX in action >>> https://www.youtube.com/watch?v=MKkKM7hMWOY
Join slack and get it from the horses mouth 
Testers required for latests version of Instantdex, click the link below..
Any idea of what cryptos will be integrated into InstantDex?
It will be able to interface with exchanges directly by using their api, so to answer your question, any cryptos in any of the major exchanges, plus the nxt asset exchange/MS.
Can anyone confirm this? That wasn't my understanding at all.
Testers required for latests version of Instantdex, click the link below..
Any idea of what cryptos will be integrated into InstantDex?
It will be able to interface with exchanges directly by using their api, so to answer your question, any cryptos in any of the major exchanges, plus the nxt asset exchange/MS.
Okay, thanks.
Testers required for latests version of Instantdex, click the link below..
Any idea of what cryptos will be integrated into InstantDex?
It will be able to interface with exchanges directly by using their api, so to answer your question, any cryptos in any of the major exchanges, plus the nxt asset exchange/MS.
Testers required for latests version of Instantdex, click the link below..
Any idea of what cryptos will be integrated into InstantDex?
Testers required for latests version of Instantdex, click the link below..
I would like to see a new version of AE 
but also a new design wallet Wesley
Just question where is Wesley? I think he must be very busy (I send him my good karma
)
www.instantdex.net is the current version in testingbut also a new design wallet Wesley
Just question where is Wesley? I think he must be very busy (I send him my good karma
)
Thought you guys might enjoy this.
In answer to the OP, Eric Voorhees might
Source: http://www.reddit.com/r/Bitcoin/comments/34ad0o/purseio_integrates_shapeshift_allowing_digital/cqstm1q
In answer to the OP, Eric Voorhees might
Source: http://www.reddit.com/r/Bitcoin/comments/34ad0o/purseio_integrates_shapeshift_allowing_digital/cqstm1q
1. Yes
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
Ahhh, because you can only list assets priced in NXT on the AE, which makes a market like mgwBTCD/mgwBTC impossible?
1. it only supports asset/NXT orderbooks
2. it costs 1 NXT to place/cancel bids
3. you have to wait until the next block to know if your trade was matched
InstantDEX solves all this by allowing any asset/asset trade, it matches and locks the trades in seconds and there is no fee to place or cancel bids
additionally I added support for interfacing to central exchanges and it can even trade through to them automatically.
So, if you ask for an orderbook for asset/BTC, it will combinatorically search all possible combinations across N orderbooks in M different exchanges (in addition to direct InstantDEX orderbooks) and create a virtual orderbook that you can execute trades from
Think of InstantDEX as trading middleware. If there is a market, InstantDEX connects to it and creates combined orderbook.
BTCD/BTC will look at all BTCD/NXT, BTCD/BTC, NXT/BTC orderbooks and find the best price. This allows for single click arbitrage possiblities (across exchanges) from the GUI
I think it is fair to say that by using InstantDEX you will get the best liquidity and prices possible, since if there is an exchange with better liquidity/prices, I can just add support for that exchange and automatically all the orderbooks are enhanced with orders from that exchange
James
Mind blowing jl777! So InstantDEX both competes directly with legacy exchanges, and offers them the hope of integration into a larger decentralised unified whole, much like the Romans and Mongels did to their defeated enemies as their empires expanded. Assimilation is always preferable to annihilation! Will be fascinating to see where the centralised exchanges end up 6 months from now.
1. Yes
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
Ahhh, because you can only list assets priced in NXT on the AE, which makes a market like mgwBTCD/mgwBTC impossible?
1. it only supports asset/NXT orderbooks
2. it costs 1 NXT to place/cancel bids
3. you have to wait until the next block to know if your trade was matched
InstantDEX solves all this by allowing any asset/asset trade, it matches and locks the trades in seconds and there is no fee to place or cancel bids
additionally I added support for interfacing to central exchanges and it can even trade through to them automatically.
So, if you ask for an orderbook for asset/BTC, it will combinatorically search all possible combinations across N orderbooks in M different exchanges (in addition to direct InstantDEX orderbooks) and create a virtual orderbook that you can execute trades from
Think of InstantDEX as trading middleware. If there is a market, InstantDEX connects to it and creates combined orderbook.
BTCD/BTC will look at all BTCD/NXT, BTCD/BTC, NXT/BTC orderbooks and find the best price. This allows for single click arbitrage possiblities (across exchanges) from the GUI
I think it is fair to say that by using InstantDEX you will get the best liquidity and prices possible, since if there is an exchange with better liquidity/prices, I can just add support for that exchange and automatically all the orderbooks are enhanced with orders from that exchange
James
1. Yes
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
Ahhh, because you can only list assets priced in NXT on the AE, which makes a market like mgwBTCD/mgwBTC impossible?
What currencies can you trade on this? Cryptocoins? Fiat? How are the orders fulfilled?
Any asset can be traded (also MScoins can be supported). So the InstantDEX is a fully decentralized way of trading fully decentralized NXT assets.
That means whatever assets exist, can be traded, such as multisig deposit backed MGW crypto assets.
InstantDEX <-> (NXT assets) <-> asset issuers
The following has detailed description of how the orders fulfilled with the v1 InstantDEX
https://nxtforum.org/index.php?topic=8535.msg167082#msg167082
James
* If there is a NXT AE asset which represents bitcoin, I can use the MGW exchange to convert to actual bitcoins?
* If the above two statements are true, why do I even need to bother with InstantDEX, since I could just trade decentralised on the plain AE, and use MGW to cash out?
1. Yes
2. Yes
3. InstantDEX gives you the ability to trade any Nxt Asset <-> any Nxt Asset automatically. Currently you can exchange mgwBTC <->Nxt and mgwBTCD<-> Nxt, but with iDex you can trade mgwBTC<->mgwBTCD, for example. Also, InstantDEX will support advanced tradebots.
What currencies can you trade on this? Cryptocoins? Fiat? How are the orders fulfilled?
Any asset can be traded (also MScoins can be supported). So the InstantDEX is a fully decentralized way of trading fully decentralized NXT assets.
That means whatever assets exist, can be traded, such as multisig deposit backed MGW crypto assets.
InstantDEX <-> (NXT assets) <-> asset issuers
The following has detailed description of how the orders fulfilled with the v1 InstantDEX
https://nxtforum.org/index.php?topic=8535.msg167082#msg167082
James
Hi James,
Thanks for the info - I've read that thread before but for an outsider its like looking through the atoms of a tree in order to understand where the forest is
So, if you don't mind, I'd like to ask simple questions here:
* Do I understand correctly that you can only trade NXT AE assets on InstantDEX?
* If there is a NXT AE asset which represents bitcoin, I can use the MGW exchange to convert to actual bitcoins?
* If the above two statements are true, why do I even need to bother with InstantDEX, since I could just trade decentralised on the plain AE, and use MGW to cash out?
Cheers, Paul.
What currencies can you trade on this? Cryptocoins? Fiat? How are the orders fulfilled?
Any asset can be traded (also MScoins can be supported). So the InstantDEX is a fully decentralized way of trading fully decentralized NXT assets.
That means whatever assets exist, can be traded, such as multisig deposit backed MGW crypto assets.
InstantDEX <-> (NXT assets) <-> asset issuers
The following has detailed description of how the orders fulfilled with the v1 InstantDEX
https://nxtforum.org/index.php?topic=8535.msg167082#msg167082
James
If it works as planned, it will sell itself.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
honestly i will give it a try. it cant be worse than than the crap exchanges out there. i dont know if this is your department but tell the people at instantdex.org their major links are broken on the page (at least for me in firefox.) people are gonna want some information when the decide whether to use it or not.
James
It has good fundamentals, and the InstantX feature appears to be very useful curious to see if it sticks around.
What currencies can you trade on this? Cryptocoins? Fiat? How are the orders fulfilled?
Not my department But someone will see your post
But someone will see your post If it works as planned, it will sell itself.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
honestly i will give it a try. it cant be worse than than the crap exchanges out there. i dont know if this is your department but tell the people at instantdex.org their major links are broken on the page (at least for me in firefox.) people are gonna want some information when the decide whether to use it or not.
If it works as planned, it will sell itself.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
People seem to like dackcoin's instant txs, for the time being at least. Now add an exchange so you can instant tx in and out of not just one crytposphere but many.
The result, no need for centralised exchanges. The strategy is to provide something that people have been demanding since GOX and let economics take it from there.
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