[Passed] Reward for listing BlockShares on an exchange

Phoenix 2016-08-28 19:04:17 UTC #12

I expected this motion to enjoy a high level of support, so I am surprised that in the last 500 blocks it is only receiving 37% support. I am wondering how much the lack of support is due to inattention and how much is due to opposition.

If you are opposed to this passing, will you please tell us why?

Getting listed on an exchange is the best way to establish modest liquidity in BlockShares, which is an essential property to cultivate to optimize their value.

Sabreiib 2016-08-29 01:11:19 UTC #13

B&C is lack of fund and BKS is already listed on openledger, why we waste our money on another platform? Even we list BKS on poloniex, will lots of people rush to buy such a semi-product?

Why not spend our precious fund to develope the software which is stuck for a long time? Ourselves are platform, after B&C finished we don’t have to beg any platform to list BKS/BKC.

Phoenix 2016-08-29 01:36:25 UTC #14

Doesn’t this list BKS as a proxy asset? If so, it doesn’t really have anything to do with BlockShares as assets that can mint in our network. Is that correct, or am I misunderstanding?

I think a lot more people will buy it at Poloniex than if the only way to get it is to make a forum post asking to buy. Given that we will likely need to sell more BKS to fund the project, how can we successfully convince any one to purchase an asset that is nearly entirely illiquid? I think having it listed will boost the price. Liquidity has a major influence on the price.

If you assume a middle of the road cost of $1500 for this, and it causes the BlockShare price to rise even 0.5%, it will have been a profitable action. I would expect listing on a tiny and obscure exchange would increase the price by double digit percents in the medium term. That is great ROI. I can’t think of an action we can take that is likely to bring a greater ROI.

Sabreiib 2016-08-29 01:52:18 UTC #15

Well, I’ll vote for this motion.

Cybnate 2016-08-29 08:08:59 UTC #16

Will add this to my datafeed.

A listing is a listing. Poloniex also uses a proxy called Poloniex exchange assets. Same for others. B&C is still pretty unique in trading directly on the blockchain. Still I think a listing on a mainstream exchange is worth trying.

irritant 2016-09-01 12:34:48 UTC #17

https://bitcointalk.org/index.php?topic=1033773.msg16106955#msg16106955
We added your cryptocurrency.
With respect, the development team of Crypto-trade.
Crypto-Trade – Official Announcement https://bitcointalk.org/index.php?topic=1604225.0

Cybnate 2016-09-02 07:27:56 UTC #18

Just be cautious. They are just launching, no track record. Test with small amounts.

Phoenix 2016-09-02 12:00:12 UTC #19

This has passed. Support is trending at 67% in the last 500 blocks, so there is a high degree of consensus on the matter.

I’m confused by the claim about Crypto-Trade exchanging BlockShares. I don’t see any evidence of that on their site.

Dhume 2016-09-02 15:18:48 UTC #20

I feel the motion should have specified a minimum amount of daily volume for an exchange to be eligible. No point in listing BKS on an exchange that does practically no volume on any coin whatsoever.

ChrisS 2016-09-05 02:02:39 UTC #21

Great idea. Let’s get bks on an exchange so we can dilute them through a wholesale which will inevitably come once Phoenix deems necessary. The NBT nsr exchange is clearly a shame. Wake up.

Financisto 2016-09-05 02:05:02 UTC #22

Not only min liquidity and volume, but also some previous operating background from the exchange candidate…

e.g. no previous serious hacks occurred, no security compromised, no serious withdrawals delays, etc.

Phoenix 2016-09-05 04:03:17 UTC #23

More liquidity and volume is a lot better than less, but there is a great deal of usefulness to being listed on an exchange with no existing volume. The listing wouldn’t get new people exposed to BlockShares, but it will allow people who know they are interested from this forum or bitcointalk a way to buy or sell BlockShares. It is a lot more liquidity than what we currently have, which is forum posts. Because more volume is better than less, an optimal reward model probably provides some extra incentive to a listing on an exchange with high volume. It is certainly worth more to us.

The post about Crypto-Trade combined with seeing that it is new and a likely scam brings our attention to the relevance and value of the rewarded exchange having a track record demonstrating a scam is not likely to occur.

Perhaps @Financisto or @Dhume would like to craft a motion amending the reward offer by taking into account the history and volume of the exchange. There are a variety of forms such a motion could take that would earn my support.

Phoenix 2016-09-05 19:51:32 UTC #24

Let’s do what we can as a community to see BlockShares listed on an exchange using the rewards promised in this motion. First, let’s clarify the rewards being offered. This motion passed on September 1 at 10:21 AM. For the first week, the reward is $500 for the exchange operator and $100 for anyone who refers the exchange getting the reward. On September 8 at 10:21 AM, the rewards will increase to $1000 for the exchange operator and $200 for referral. Each week, the rewards will increase by $500 and $100 until it is $3000 for the exchange and $600 for referral.

Rewards will be paid in BTC or US-NBT, according to the preference of the receiver.

Does anyone want to contact exchanges about this opportunity to pick up the referral fee?

Phoenix 2016-11-13 19:15:19 UTC #25

I would like to remind everyone the bonus offered in this motion from more than 2 months ago is still being offered. It is $3000 for an exchange that lists BKS and $600 as a referral bonus to anyone who makes the exchange collecting the bonus aware of the possibility.

There has been a lot of community focus on RSOT lately. I’m going to suggest this is a horrible priority. The best way to move B&C forward is to get it listed on an exchange. After that, the most important thing is development. Let’s save RSOT for once things settle down and B&C is worth more.

Anyone want to work to collect either of these bonuses?

Instant exchange accepting NBT & NSR. Way to include BKS?

ConfusedObserver 2016-11-13 22:37:34 UTC #26

Trading(/pumping?) before development before feasible fund management (and accounting!).
I’m going to suggest this is a horrible priority.

I would have suggested the opposite sorting.

henry 2016-11-17 00:14:50 UTC #27

NuLagoon is interested in building an exchange for BKS-BTC. @Phoenix, please confirm if NuLagoon is eligible to get the bonus, and how much we can get? $3000 or $3600? Thank you.

Phoenix 2016-11-18 01:49:13 UTC #28

It is a good question whether you are eligible. Of course you are, but I don’t see how a Tube-like implementation will meet the need of price discovery. BKS isn’t pegged like NuBits are. It seems like an order book is a necessity for price discovery. Are you considering implementing an order book? If so, then yes, you are eligible for the $3600 reward.

Phoenix 2016-11-24 16:46:07 UTC #29

NuLagoon has just unveiled a BlockShare exchange that appears to meet the requirements for this reward. We will verify the exchange works in the coming days.

As a result, no one else (besides NuLagoon) is eligible for the reward at this point.

henry 2016-12-01 23:12:43 UTC #30

NuLagoon can receive the bonus at address:

BLGdraBCznbtQjM6V7jWUyrcn9Uzihy4Y3

Thank you.

Phoenix 2016-12-02 17:42:57 UTC #31

While I wish I had possessed the foresight to create more specific requirements for receipt of the bonus, I think requiring an API that reports volume and trade data for use by coinmarketcap.com and others like it is a standard and basic feature. All other exchanges have done this for BlockShares and NuShares, including NuLagoon Tube.

Without this API, there is no automated way to receive info about exchange activity. @henry, how do you feel about viewing this as a requirement for the reward? Can you implement it?

BlockShares are still listed on coinmarketcap.com here.