Introducing Bitcoin.co.id - Nubits/Bitcoin with 0% Trading Fee

[bitcoincoid]

Anyway we have Trading API, if you guys interested to use our API:

Ticker NBT/BTC - https://vip.bitcoin.co.id/api/nbt_btc/ticker
Trades NBT/BTC - https://vip.bitcoin.co.id/api/nbt_btc/trades
Depth NBT/BTC - https://vip.bitcoin.co.id/api/nbt_btc/depth

Full documentation for trade can be accessed in here: https://vip.bitcoin.co.id/trade_api

[JordanLee]

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.

[bitcoincoid]

plementation will be prioritized to give you some idea of how long it will take to be supported.

Ah I see. Thank you for your explanation.

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

[cryptog]

Awesome.

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.

[desrever]

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.

Then we can work together from there on.

[JordanLee]

@JordanLee Are you planning to offer NSR reward for such a service provided on bitcoin.co.id ?

Unfortunately, they are all consumed:

Proposal for NBT/BTC dual-side liquidity provider on next NBT exchange

Hello, everyone. I am from peercoin community. I feel little bit disappointed about peercoin community's conservative attitude and slowness of action. I am excited to read @Sabreiib and @Benjamin 's post about how to improve Nu, I think we are close to real solution now. @JordanLee 's post also imply that he is open to suggestions and will act quickly. I am so confident about Nu's future. I am not a technical guy who can code, but I can provide LPC service. So I just copied @desrever 's…

[Passed] Proposal : A grant for testing NuBot

Decentralisation is key to Nu success, and I am glad to see new custodians supporting Nu. With more custodians joining the network in the next weeks, managing markets becomes increasingly more challenging. Especially in terms of collisions among bots on the same market. We are working hard to make it possible to have multiple custodians operating NuBot on the same pair. Testing on our internal exchange showed good results.However, its not realistic to reproduce the reality of markets in a test…

LPC Proposal (14 DEC 2014)

Update: grant was passed on 25 Dec 2014 ~0421 UTC *****Proposal BEGIN****** Once elected, I promise to maintain accounts at all of the following exchanges: exco.in, bter, ccedk, poloniex, bitspark, and allcoin. I will initiate a 30 day custodial term by depositing 20,000 USD equivalent in BTC into one or more of the above listed exchanges according to where additional buy-side liquidity is most needed. I will run the NuBot on each exchange where I have deposited funds. Every 72 hours I will …

[Passed] Proposal to be LPC for 1M NSR bonus

Dear Nu community, I want to volunteer to be a new LPC. Not only for the bonus, but also for letting the community know and trust me. Thank you. *****Proposal Begin****** To elect me to be a LPC, Nushareholders please vote on the following address and amount: Custodian Grant: B5VFcW5FKpyrPMKCQxApcmpnikfMP8sMZy , 1 If I am elected, I will : 1, Provide a fund of BTC equivalent of 20,000 NBT to support NBT's liquidity in BTC/NBT trading pair of exchanges. 2, Subject to Jordan Lee's arran…

[desrever]

maybe worth taking a look for current stand-by custodians : @henry @teek @learnmore

[henry]

I will take pooloniex

[zoro]

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…

[desrever]

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.

[bitcoincoid]

@desrever

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.

[bitcoincoid]

Update:

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.

[learnmore]

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.

[desrever]

My stored BTC took a beating

I know how you feel.

[woolly_sammoth]

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.

[bitcoincoid]

Thank you so much @Woolly_sammoth

I really happy support of Nubits team and community are execellent

If you has difficulty with our API , please contact my CTO william in this mail : william@bitcoin.co.id

[cryptog]

I believe one slot remains.

So you would still give 1m NSR reward (the fourth and last reward among the original 4m NSR) to the elected custodian that would support NBT/BTC for 30 days but you doubt the proposal would pass?
I believe that @qucubert2 was competing for the 4th slot here but since his proposal did not pass and nobody applied after him, my understanding is that the slot is yet to be filled.

EDIT: All 4 slots have been consumed.

[cryptog]

I guess we will see proposals to provide liquidity to bitcoin.co.id, asking for a reward but right now, since the nsr custodian mechanism has not been implemented yet, the reward would need to be in nbts. We would need to wait for statement from jordan lee if one would want to get nsrs as a reward, or do you think it is possible to ask for nsrs in the proposal? I think it is but probably very difficult to pass.

[bitcoincoid]

Update for day 2:

Nubits volume trading reaching 1000 Nubits . Nubits Orderbook is full of buy order instead of sell order. Price of Nubits still around $1.1.

I already contact coinmarketcap to list us as well. Thank you

[bitcoincoid]

Hi Nubits Community

I really need somebody who want to sell your nubits for profit in my site. Our price has been higher by almost 5%.

Here is our current buy orderbook when in Bter show 1 nubits = 0.004660 :

Price (BTC) NBT BTC
0.004858 59.68092219 0.28992992
0.004855 590.47885066 2.86677482
0.004801 50 0.24005
0.004800 30 0.144
0.004799 10 0.04799
0.004700 2.24117234 0.01053351