To Monero devs and enthusiasts.Do you think there is a reputable and trustworthy individual among you who would be interested to set up an exchange buro of Moneros on the NXT Asset Exchange? I noticed, not many centralized exchanges are willing to create XMR/BTC trading pairs, due to Monero differences in software from Bitcoin forks.
NXT AE allows someone to operate as an exchange buro and profit from setting the price of an asset and charge redemption commissions.
Here is how it works briefly.
Suppose, some NXTers would like to purchase Moneros on the NXT AE. Someone trustworthy in the Monero community can create a Monero asset on the NXT AE, tradeable for NXTs. Hence, a XMR/NXT exchange rate will be discovered. According to the Poloniex last trade it should be in the range of 21-22 NXTs per 1 Monero at this time, and then the free market will decide the rate.
This trustworthy individual will have to redeem the Monero tokens when people on the NXT AE transfer him the asset units they purchased from him, and he will have to send them real Moneros in exchange. He can charge them a 0.5% or so redemption fee, and can set the minimum redemption amount, say, 10 Moneros, and timeframe to process the withdrawal, say, 24 hours time frame.
This step will benefit both communites, as it will help establish a XMR/NXT exchange rate, put Monero on yet another exchange, which I noticed there are not that many of, and create more demand for Monero. The NXT Asset Exchange is decentralized, so Monero can pioneer being the first currency to trade on it. Actually, some Qora users are also interested to set up their exchange buro on the NXT AE as well, the NXT AE can welcome all
Since I really like NXT, this catches my attention. I will consider it.