I am Oscar Darmawan, CEO of Bitcoin.co.id. We are interesting with the concept of Nubits that pegged into US Dollar. In Indonesia, many people like to buy US Dollar as store value. Thats why I think Nubits has potential to grow and adopt well in Indonesia especially it because our local currency (rupiah) has more than 5% inflation rate.
Our exchange currently has more than 42,000 verified members with daily trading around 200-400 BTC.
Starting few minutes ago, we just integrate NBT/IDR into our exchange with 0% trading fee (forever) which can be accessed in here: https://vip.bitcoin.co.id/nbtbtc
I hope I can become part of Nubits community and help to let people know how AWESOME Nubits is !
I hope somebody in this forum can sell some nubits in our exchange so our member can buy it. We might need some liquidity to let the trader start using it. Thank you
I am glad to see that you have added NuBit trading to your exchange. Before NuBot and a liquidity provider custodian can bring liquidity to your exchange, @woolly_sammoth will need to implement your API in NuBot. Perhaps @woolly_sammoth will post how this implementation will be prioritized to give you some idea of how long it will take to be supported.
I am looking forward for reply from @woolly_sammoth then. Some of our members already start asking about Nubits price and the different with other coin. Thank you
I would be potentially interested in providing some liquidity when it is ready.
@JordanLee Are you planning to offer NSR reward for such a service provided on bitcoin.co.id ? I am still interested in getting NSR in exchange for being a LPC. It seems that the 4m NSR rewards have found 4 slots already.
Hi @bitcoincoid, thanks for opening the pair. Here maintainer of nubot. What you are doing is very important. However, I personally suggest that you temporarily disable it to avoid disappointing your traders .
Besides implementing the bot API, then we ideally should come together and partner up to find a custodian that is willing to run the bot.
in cases like this the voting method is very slow for custodian’s approval. we have to find more flexible and raster methods. perhaps a custodian firstly jumps in and then ask compensation for the service?
i don’t know…
Hi @zoro zoro, we have elected inactive custodians waiting in line, plus running custodians that can also move part of their operations to new markets : @jmiller and @KTm .
Implementing the API wrappers for Bitcoin.co.id is now a high priority given the 0% fee offer.
No need to worry about disabling this pair, we already let our member know that this pair will not be so active until the NuBot entering our exchange. They can understand.
But I hope Nubot can be implemented soon. Indonesia is very high market for remittance and usage of USD. I believe nubits has possibility to taking part at this country.
In less than 24 hours, it seems our Nubits trading volume reaching more than 300 Nubits. It seems not bad.
Unfortunately we do not have enough supply of nubits on the market otherwise I believe the volume will really much higher.
I believe I’m up next for providing liquidity. My stored BTC took a beating since I made my proposal, so I am working on rebuilding the value. Unfortunately the legacy system of moving money makes the process rather slow, but I hope to be in position within a week. I am taking a closer look at bitcoin.co.id in the meantime.
Also, if anyone is interested in exchanging BTC for PPC at market rate, send me a PM.
evening @bitcoincoid. I’ll take a look at the API once I’m back home and start working on a wrapper.
Edit:
I had a little time to look at your API. It looks very well laid out and well documented.
I had a few other APIs in queue to work on but the fact you are offering 0% fees bumps Bitcoin.co.id up the chain. I’ll start work as soon as I’m able.