Proposal for NBT/BTC dual-side liquidity provider on Exco.in

desrever · December 28, 2014, 2:16pm

mmm, please check this with @JordanLee, I am not sure that sell side is needed that way. By doing so you will be only providing 10k of buy liquidity.

mhps · December 28, 2014, 2:46pm

Why in the screenshot there are two entries of the same order? I find the same in the ccedk orderbooks. Is it related to the way bots operate?

desrever · December 28, 2014, 4:33pm

It is, orders are splitted in half

Ben · December 28, 2014, 7:34pm

More accurately it is better described as “two orders for the same amount/price”

desrever · December 30, 2014, 10:14am

Update : I added 200 NBT of personal funds on the sell side to allow people to “try” getting some nubits.

jmiller · December 30, 2014, 4:54pm

Hi desrever,

I have 15k NBT doing nothing on Poloniex, as explained in my latest post in this thread. I can arrange to have these funds transferred to Exco to help balance your bot.

Is there anyone who might take issue with this action? I don’t believe it requires a motion.

jamie

Chronos · December 30, 2014, 5:24pm

If you both run bots, then I think your orders could collide during wall shifts.

desrever · December 30, 2014, 5:52pm

The way to do it would be simply fill my order. 5k would be enough to start with

jmiller · December 30, 2014, 7:55pm

Done.

desrever · December 30, 2014, 9:26pm

Thanks. Finally got some liquidity to sell. We are quickly fixing a bug emerged after the NBT balance grew . The bot will be back online soon

desrever · December 30, 2014, 10:43pm

The bot is back online after night bug fixing session.

Chronos · January 1, 2015, 4:12am

Is the bot still online? I don’t see custodian orders at https://exco.in/exchange/NBT/BTC.

desrever · January 1, 2015, 12:01pm

it is now, it shut down tonight due to price tracking problems.

Excoin · January 3, 2015, 4:04am

It looks like the supply of NuBits ran dry. Would it be possible for more liquidity to be provided on the NBT side?

desrever · January 3, 2015, 9:40am

I will ask other custodians if they could help replenish the sell side of the pool.

In the meantime, for the sake of transparency, I would like to publish the bot’s order history to date. It is in json format and will be soon be presented in nicer way using the custodian reporting tool.

Raw trade history:

{
"Trade_8ff6b7bdb1e4e64fe4f7998fd838c317":{
"id":"8ff6b7bdb1e4e64fe4f7998fd838c317",
"order_id":"8ff6b7bdb1e4e64fe4f7998fd838c317",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":308.0,
"amount":0.81168831,
"timestamp":1420263975008
},

"Trade_fa5d514bd13af2ab445d7dbef0ad4662":{
"id":"fa5d514bd13af2ab445d7dbef0ad4662",
"order_id":"fa5d514bd13af2ab445d7dbef0ad4662",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":309.0,
"amount":0.16181229,
"timestamp":1420263846667
},

"Trade_c40f6b04be87d753f51dc73582fc2b6e":{
"id":"c40f6b04be87d753f51dc73582fc2b6e",
"order_id":"c40f6b04be87d753f51dc73582fc2b6e",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":310.0,
"amount":0.16129032,
"timestamp":1420263846602
},

"Trade_276cea58fe1195555d9441698f65db16":{
"id":"276cea58fe1195555d9441698f65db16",
"order_id":"276cea58fe1195555d9441698f65db16",
"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":316.1625685,
"amount":1.06927239,
"timestamp":1420246341368
},

"Trade_bd1696c9b66d26aaafb7dec583cb0da3":{
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"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":316.1625685,
"amount":1.07786401,
"timestamp":1420246336013
},

"Trade_67943b6d1c6d69b6dc47a76e7bbd9caa":{
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"exchange":"excoin",
"pair":"btcnbt",
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"price":314.6827905,
"amount":1.23525556,
"timestamp":1420235966828
},

"Trade_f04b29fdaad9596b61e2f779c842d9fc":{
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"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
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"timestamp":1420195465970
},

"Trade_911d32a612c142894f2c54373e4c1a92":{
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"Trade_f0ccf963d826221dfb37d60a9220bb12":{
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},

"Trade_150430497d4d5b81ce9bc7ad5f8bad04":{
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"timestamp":1420186692590
},

"Trade_2848a5d394aa84628d464bd1236af596":{
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},

"Trade_f4ddb214ec80b19ac8f9eae9c49f15bf":{
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},

"Trade_e4488be80da46a8c1448239082c73db8":{
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},

"Trade_b764cc8accf0fb059ea4979b319b1a36":{
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"timestamp":1420121784822
},

"Trade_e2f4a6f11980a021b1e099da042e2fdf":{
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},

"Trade_77ebdc7aa764d70ea798af763c66b06d":{
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"Trade_fee2350c6b2e22d0350802b7296526f1":{
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},

"Trade_2f803661b127bd5318eb711ed972ae45":{
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},

"Trade_e8a762541481a82b573e580215e6a6b2":{
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"timestamp":1420055702032
},

"Trade_f49cb2fbcaad2854f4b81c22661546ef":{
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"timestamp":1420040777930
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"Trade_1676ff230f7b9916a39d1c7ef65384f0":{
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"timestamp":1420032736378
},

"Trade_0604423be7e2d28767b35cdea63c13e9":{
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}

Excoin · January 4, 2015, 2:16pm

It would be really nice to have NBT liquidity as we currently have none now, and there are people interested in purchasing and holding NBT right now.

mhps · January 4, 2015, 2:37pm

Get a LPC proposal in.

Or you could buy some elsewhere and sell them on exco.in.

Excoin · January 4, 2015, 2:42pm

I personally don’t trust the stability of existing exchanges offering Nubits. I’m also busy developing, but I’m getting regular messages requesting NBT liquidity (and questions if the bot was broken which I explained that it was not). I believe this could be a big opportunity to highlight the usefuless of NuBits to the communities that use Excoin, and I think it would be shame to miss it.

willy · January 4, 2015, 2:50pm

Why don’t you propose to provide liquidity on your own exchange?

Excoin · January 4, 2015, 2:56pm

I could provide Blackcoin and Bitcoin liquidity but I don’t have NBT to provide NBT liquidity nor do many people in the existing community. Do CCDEK and BTER provide their own NBT liquidity? If they do where did this original NBT come from?

My only option would be to trust other exchanges without proof of reserves, some of which who have incredibly long page loads and poor functionality (sending recovery passwords in plain-text emails), some of which who have poor reputations, some of which who have unresponsive support staff, some of which don’t use full 8 decimal places on Bitcoins when withdrawing and on top of that pay high fees.

If I’m honestly being told these exchanges have a monopoly on the NBT and the only suggested way to remedy it is to support these operations, then I have a hard time seeing how these markets will work in the way I have presented to our community in our announcements.