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0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

0x.org

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Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#121

Post by willwarren89 »

homakov wrote: post #116

Are orders settled onchain? If so, this is too expensive/not scalable. I'm looking forward channel/HTLC based exchanges.

Yes, trades are settled onchain.

Too expensive for who? 0x protocol allows you trade digital assets with anyone in the world, trustlessly, through the internet, for $0.10-$0.25 per trade. While this isn't perfect for all use cases, it is an incredibly powerful capability.

Scaling is indeed a limitation for decentralized networks. You can learn more about our scaling R&D efforts here: https://blog.0xproject.com/0x-roadmap-2019-part-2-scalabilit...

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#123

Post by treelovinhippie »

leoplct wrote: post #17

Why should I launch an exchange when there are already hundreds of existing exchange? As a entrepreneur: Exchange services is very difficult to differentiate. It’s a commodity service. Why should I invest in marketing to promote my new exchange? As a customer: Why should I buy tokens? - Most of existing tokens have not active project behind - Many times the token is useless for the project and it will not increase in…

[flagged]

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#124

Post by homakov »

willwarren89 wrote: post #121
homakov wrote: post #116

Are orders settled onchain? If so, this is too expensive/not scalable. I'm looking forward channel/HTLC based exchanges.

Yes, trades are settled onchain. Too expensive for who? 0x protocol allows you trade digital assets with anyone in the world, trustlessly, through the internet, for $0.10-$0.25 per trade. While this isn't perfect for all use cases, it is an incredibly powerful capability. Scaling is indeed a limitation for decentralized networks. You can learn more about our scaling R&D efforts here: https://blog.0xproject.com/0x-roa…

It's $0.10 until it isn't. Average crypto exchange has hundreds of automated tx per second, once it is attempted onchain the fees go up. Atomic swaps onchain are good for large amounts and rare trades, but not for retail traders.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#125

Post by rickycook »

tacosx wrote: post #92
tomhschmidt wrote: post #33

Earlier quoted context omitted.

If you want to list the same assets as everyone else with the same interface in the same markets, then yes, it's hard to compete. However, we see a world of tokenized assets coming online that will need unique markets for exchange. Something like Radar Relay ( https://radarrelay.com/ for ERC-20 commodities) is totally different from Veil ( https://veil.co/ for prediction market shares) is totally different from BoxSw…

I too can madlibs any noun in front of "blockchain" and try to start a pyramid scheme off of it, but the question is why?

95% of blockchain projects are a garbage heap, crypto currency is WAY overvalued, but the 5% of projects that are actually useful, and have a real need for a blockchain may just fundamentally change parts of how we live life

when micro transactions as a concept came to games, it changed the way people wrote games. when crowd funding became mainstream, it allowed more innovation from people with just a need and an idea

don’t dismiss the 5% useful for the 95% useless (and no, i’m not going to enumerate the useful cases because it’s been done to death)

*EDIT: and to be clear, i think the currency part of crypto currency is in the 95% not helpful (maybe unless you’re talking about stellar, which deals more with fiat/other currency exchange and for the most part eschews spending crypto currency itself)

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#126

Post by homakov »

nostrademons wrote: post #54
mgraczyk wrote: post #38

When 0x was conceived, there were far fewer crytocurrency exchanges than there are today. It aimed to solve a real problem that still exists in some ways. Since 0x is a blockchain project, it has moved at a snail's pace compared to the multitude of centralized and web-based "decentralized" exchanges that have sprung up since. These newer exchanges have largely solved the needs identified by 0x.

There's still a big problem with many of the centralized exchanges that have sprung up: a bunch of them are exit-scamming, or otherwise have had incidents that make your funds inaccessible. That's the reason to do this on the blockchain: you don't need to trust that the exchange operators will keep your funds safe, because they don't have your funds.

An even better solution is to transform exchanges into channel hubs, and settle trades instantly without ever touching blockchain. I.e. trade dynamic remains the same, but now each party holds a balance proof and redeemable onchain collateral.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#128

Post by rickycook »

banachtarski wrote: post #112
v64 wrote: post #88

Earlier quoted context omitted.

If you're willing to trust the entity holding your assets, then a database will suffice. The non-custodial features of 0x enable exchange without reliance on third parties.

Yea I mean, if we're going to go down the hole of "cryptokitties" and other asset exchange, let's be honest, we're reliant on a third party to create the value in the first place already.

judging a cryptocurrency projects usefulness on cryptokitties is like judging a front end frameworks usefulness on “TODO MVP”: it’s just the example of a tradable asset that everyone uses BECAUSE it has no value and anyone can just set it up to test.

substitute crypto kitties with something more real, like say a government starts to issue ownership information for cars (pink slips in the US i think? idk exactly) on the blockchain... there’s live, traceable ownership information, duties can be calculated and applied automatically, and traded on a platform like this. this is an asset that has real value because it exists in the real world; it’s not the bit of paper that has value, it’s the significance that it constitutes ownership of an asset

*EDIT: and i’m not saying that this idea has value either; it was just an example of something with intrinsic value rather than “third party created value”

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#129

Post by amingilani »

toomuchtodo wrote: post #50
tomhschmidt wrote: post #33

Earlier quoted context omitted.

If you want to list the same assets as everyone else with the same interface in the same markets, then yes, it's hard to compete. However, we see a world of tokenized assets coming online that will need unique markets for exchange. Something like Radar Relay ( https://radarrelay.com/ for ERC-20 commodities) is totally different from Veil ( https://veil.co/ for prediction market shares) is totally different from BoxSw…

> We think of 0x more like Stripe: an under-the-hood technology that allows entrepreneurs to move more quickly and easily add exchange to their product. One’s velocity should always be slightly less than their SEC defense attorney. If you're legit, take the time to make sure your paperwork is legit. https://news.ycombinator.com/item?id=18185701 (Top comment by Animats should draw your attention)

Launch Kit is not an ICO or promoter, it's a platform for crypto exchanges. Could you elaborate why you're referring to a comment detailing the SEC going after ICO scams?

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#130

Post by rickycook »

dangero wrote: post #102
joosters wrote: post #95

How does this manage to connect the real world to a blockchain? The fundamental problem with the promises of insurance/bonds/stocks/whatever on a blockchain is that it doesn't matter what the blockchain says, people's real-world actions aren't tied to it, so it's not trustless. And so the blockchain part is pointless. Only if all the related elements are all virtual and on the blockchain can it do anything - so we're…

Another related issue is that tokens are bearer instruments controlled by whoever holds the right private keys. Most investments regulated in the US cannot legally be bearer instruments. This means there must be a ledger listing who owns what with real names attached. For public companies they must use a registered transfer agent to keep these ownership records. Private companies can keep their own records, but in mo…

well they don’t have to be... tokens are just code running on the blockchain, so you can apply anything you like to them... you can block a transfer until the recipient is in a whitelisted KYC list so that real world identities are known, and then you have your ledger

worried that loses the “trustless” of blockchain? hash the KYC entry and store it on chain so you make certain that the off-chain real world ownership information hasn’t been tampered with

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