CryptoNote Exchange is shutting downBefore you freak out: No, we did not get hacked. Yes, 100% of the funds are in our reserves and secure.
This exchange was launched first and foremost to bring monero to exchanges. As I have stated previously most features were disabled and a basic but functional exchange was setup for this purpose. Long term my plan is to launch a much more comprehensive exchange on the domain "exchange.to". In that sense, cryptonote exchange has served as a beta test for this project and I am very pleased with how smooth everything went.
Since our launch, other and more established exchanges has opened for trading of monero and bytecoin and this has resulted in declining volume and liquidity here.
We peaked at ~250 btc volume within 24 hours. At most we held more than 10% of the entire MRO supply in our reserves, at this point, we hold ~64k MRO, ~600k BCN, ~100 BTC. We have 745 members.
Running an exchange is great responsibility as funds must be secure at all times, there can be no critical bugs and there is an on-going need for support work. With the maintenance work of unreliable MRO/BCN wallets, this responsibility and low volume combined I have decided that my time is better spent with full focus on further development.
Running this exchange has given me great insight into hurdles that must be overcome for the exchange to be truly great and I would like to thank everyone for participating.
I have disabled deposits and placement of orders. Please withdraw your funds. As a gesture of good will, any customer who holds 500 MRO / 5M BCN or more, you will be allowed to withdraw using payment id (e.g to move to another exchange), to do so, simply submit a support ticket with payment id and then request withdraw.
https://cryptonote.exchange.to/ Many thanks for the effort and the nice little profit! My first experience with an exchange, and totally pleasant. BTW, loved your song on youtube.
