Upcoming NBT Exchange - Liquidity providers needed [HitBTC added us]

[masterOfDisaster]

If you are referring to the universal ALP bot collection, I can ensure you that I intend to keep it up-to-date;)

[seki]

i am sure about it

[desrever]

I’ll start tinkering with it next week, I hope to have it finished before 0.3.2 release so I can pack it together with it.

[Sentinelrv]

I just wanted to post a reminder here that I had captured NuStream.org for anyone that would like to claim that name and start up their own pool. Just let me know whenever anyone is interested in taking it.

[huafei]

should we have a gateway with ripple network, there can be USD, CNY, JPY ,BTC and more.

[desrever]

How to set up a Ripple gateway for NBT pegging?

I know Ripple will verify the ID of every ripple user till Aug this year. My plan is to setup a ripple gateway, only FIAT(USD CNY) v NBT pair.

[huafei]

ripple user

only user of rippletrade.com request verify the ID

[zoro]

any progress about it? can we have exchange’s name in order to perform preparations?

[Mark]

HitBTC i guess.

[seki]

account created

[masterOfDisaster]

If you guess right, it could be very interesting for ALP pool operators (obviously for NuLagoon as well): https://hitbtc.com/mm
They can provide liquidity there without need for using own funds

[Nagalim]

That’s some interesting stuff. MLP’s can definitely take advantage of that. ALP operators may be able to work out a deal to get some extra server funding.

[nmei]

According to HitBTC

We add a new coin to the exchange if two persons take MM contracts to support this coin on our exchange. One contract is valid only for one currency pair,

So…we could add NBT now…if the community is willing to do this? I’m willing to sign up to be a MM right now then…

As long as we can get the bot working to make the spread job easy.

[masterOfDisaster]

I’m not super keen on becoming an ALP operator, but if that’s what can get NBT listed there, I’m willing to consider preparing a draft for an ALP there.
The thing is: as far as I understand the ALP operation, only one ALP server can be on an exchange.
Is that right?
If yes, we’d need NuLagoon there as well and I’d prefer giving @nmei precedence for the ALP.

[Nagalim]

I’m pretty sure an MM contract has to come from an MLP. They want to be able to verify your orders on your account are within a certain spread 90% of the time.

This wouldn’t need to be NuLagoon, anyone willing to run nubot could use this. Nu doesn’t like to grant single person pools, but if you’re getting an MM deal and can therefore give a huge discount to Nu (like 0.1%/day?) then I don’t think shareholders will turn it down, especially if it means being listed on a new exchange.

[nmei]

Yes, the way I read it - the deal isn’t for the pool operator, but for the liquidity provider.
Thus as long as there is a pool - any pool - and two people willing to provide 2 BTC worth of liquidity - and I am one. NBT could be listed.

Again this hinges upon having the bot that can interface with the apis.

[Nagalim]

The bot works fine. You should check with @willy but NuBot should be fine (nubot is the MLP software while pybot is the alp software). We could have an operator run an ALP on top of the two MLPs if we really wanted to. I’d be happy passing 2 cheap single person MLP grants in the first couple months on the exchange though.

[willy]

You should check with @willy but NuBot should be fine

… I guess you mean if pybot and nubot are causing problems at the same exchange pair?

[Nagalim]

I guess the question is do you forsee any issues running multiple instances of both nubot and pybot on the same pair? No problem right? Also, would you mind linking to the most recent NuBot repo?

[seki]

count me in for liquidity purposes