[ANN] The Creation Of NuLagoon Tube - Bonus Available Now

NuBits
#30

Replied at the bitcointalk.org. Thank you.

#31

The function of back-end is simple, if we detect there is fund send in, then we convert it into another kind of coin with the latest BTC price, and send fund out to the address registered in the address pair.

Our target user is BTC holders who don’t know or don’t have a convinient and effective way to control their exposure to BTC volatility risk.

The Tube 's transaction fee will be our revenue.

1 Like
Liquidity Operations Reference Thread
#32

Dear Tube users,

Because our register process is new to many traditional exchange users, we have seen many register request failed. We would like to remind all the NuLagoon Tube users to read the user guide carefully. You should send the exact number of NBT and BTC shown in the “User Guide”. Feel free to ask questions in this post or in the chatbox of the nulagoon.com.

We would also like to announce that all the fund send to the Tube as register request will be return back to you after you successfully register an address pair. Just post a register request refund request here.

Thank you.

#33

Interesting project.

Due to different exchanges volatility (price feed sources) maybe spread should be raised to something between 0.3% and 0.5% initially (it might be reduced in the future)…

P.s. tried to access/test nulagoon.com with Tor Browser but it didn’t load no data (only images).

BTW, will this change anything inside pools A, C and D?

1 Like
#34

Thank you for the feedback.

Spread is raised to 0.4% for now.

We just upgraded the site to let Tor Browser work with it. Please have a try again.

Tube is another exchange supported by NuLagoon pools. The fund used to provide liquidity in Tube will be reported as Tier1 liquidity in Nu Client. It doesn’t change anything inside pools A, C and D.

1 Like
#35

and still 0.2% transaction fee?

Current Liquidity
#36

Yes

#37

We just confirmed and fixed a problem of the site when user use the web browser IE. Now http://nulagoon.com works fine with IE 8 or above.

#38

Would @coingame consider listing this as an exchange on the website?

1 Like
#39

Side note: I’m working with @henry to add NuLagoon Tube to ALix Walls and Volume, as soon as their API is ready.

2 Likes
#40

My understanding is it’s a very new service. I know NuLagoon has been operating wonderfully for the community but I would like to get some confirmation that this new service is working well before we put it up on the site. I don’t have the assets required to try it out myself, can we get some confirmation from community members?

3 Likes
#41

@henry,
do you think you can show the absolute nubit value together with btc value in the market depth graph?
for example ASK: 1.00xxx - BID: 0.99xxx

#42

A thought i post in bitcoin forum about nulagoon tube operation
https://bitcointalk.org/index.php?topic=1297984.msg13452033#msg13452033
do you think it would be possible in the future?

#43

OP_RETURN should be able to carry that information.
What are you going to do if an invalid address is provided?

Sending back to the sending address isn’t reliable when sending from an exchange, but I’m not aware of exchanges supporting such a feature.

So using the OP_RETURN to provide a return address could only be used from the wallet or Cointoolkit (which already supports using OP_RETURN!).
In that case returning funds to the sending address would be viable.

#44

It is always a bad practice to make any other transaction than withdrawal from an exchange address, or adress you don’t control directly.
The first thing a crypto user should learn.
Thanks for reply.
Then we just need to make this feature available in wallets?

#45

This is a really cool idea, I think. Also pertinent to seeded auctions, where a dynamic NBT-NSR pairing would be excellent.

1 Like
#46

You think you or someone else can make this NBT-NSR exchange soon?

#47

I’ll let you in on the beta when it happens. Anyway, not the place for it. NuLagoonTube using OP_RETURN instead of coincontrol and address pairs. Is it doable? Is it worth it?

#48

Again…I’d be interested in seeing this open sourced so others could be elected to run similar such gateways.

2 Likes
#49

[IMPORTANT UPDATE]

  • Update rules to determine user address in TubeIn transactions:

If multiple input addresses is used in TubeIn transaction, the input address which is registered in the live addr-pairs will be choosed to be the user address, regardless it is the first input address or not.

That means now you can send money to NuLagoon Tube from multiple addresses, just make sure one of them is registered.

if more than one input address are registered, Tube will randomly pick up one to be the user address.

If all the input addresses is not registered, fund will be sent back to the first input address.

The rule for register-request transaction stay the same: the first input address is user address.

2 Likes