Bitcoin Forum

 

„Can´t wait to see the evolution of decentralized exchanges that push risk out of the edges of the ecosystem!“  

Jameson Lopp, BitGo Engineer





Welcome to the „KNIGHT EXCHANGE“?
When our project hits the market (1st of March 2018) theoretically all people in the world are going to have the chance to exchange crypto to crypto and partly crypto to fiat seamlessly without hassle. Our decentralized exchange will be a strong competitor to Bridgecoin, Blocknet, Vitalik Buterins OmiseGo and similar projects.


About us:
Our team links the knowledge of the traditional banking system with the power of Blockchain technology. Our founders, a SAP, a Deutsche Bank and a Rothschild & Co. employee, still work in the banking / consulting industry. Nevertheless we are heavily convinced that Blockchain technology with it is various areas is going to make the traditional banking industry obsolete! Our mid-term goal is to develop an interface between crypto and fiat which can be used in every country in the world. For finding a suitable solution to this crucial point we work closely together with a renowned payment solution provider from Germany. Together we have the reach and the financial power to disrupt the financial industry. Details on this partnership will be published on the 01st of March 2018.





Key Selling Points:
•   Anonymous exchange
•   Zero tax-relevant data for governments
•   Highly competetive fees
•   Cooperation with a medium-sized German payment provider (Fiat <-> Crypto)
•   Fully decentralized = Nodes as validators
•   70% of trading fees = validator rewards
•   30% of trading fees = staking rewards


Specifications:
•   Staking / Masternodes (custom)
•   Block reward: 198 coins, halving every 3 weeks
•   Smallest unit: 1
•   1 Validator = 25.000 coins
•   Total coins = 24 mio

Outlook Q1 & Q2 2018:
•   Find validators for the network
•   Start Beta for chosen tester
•   Finish Beta
•   UX & coding enhancements
•   Publish Knight Exchange website
•   Extend roadshow to the public
•   Add Knight Exchange to listings
•   Publish partnerships & add trading pairs


Jobs at KnightExchange:
•   Content creator
•   Community manager
•   SEO / SEA student worker
•   ReactJS Frontend Developer as student worker
•   Computer Graphics Web Developer as student worker
(Sponsored by crypto.jobs)

Our mail-address:
KnightExchange@tuta.io




Start of Beta Phase:
Free coins for everybody?
•   Everybody who posts a link (social media channels such as Twitter, Bitcointalk etc.) to our announcement on Bitcointalk gets 500 free coins (current link in your address bar)
•   Each „active“ account counts – We have hidden but low prerequisites!
•   Procedure: Post the link and send a mail to us with a link to your post.
•   Reason for bounty: We need reliable validators!


Tasks of validators:
•   Validating & transferring transactions
•   Participating in consensus tasks


Prerequisites of becoming a validator:
•   VPN-Server
-  Min 2 CPU
-  Min 4 GB Ram
-  Min 1000 GB Bandwidth
-  Info: Will be adjusted after the testnet.  
•   25.000 coins
•   Successful participation in Beta phase


Benefits of being a validator:
•   Receiving 70% of trading fees (30% for Staking)
•   Voting rights


Example calculation:
25.000 coins = ca. 0,1 % of supply
Future Trade volume on exchange= 2,5 bio $
Daily fees = 2,5 bio $ * 0,2% = 5 mio $
5 mio $ * 0,1% * 70% = Your daily income
Your daily income = 3500$


Benefits of staking:
•   Receiving 30% of fees (70% for validators)


Example calculation:
22.000 coins = ca. 0,09 % of supply
Trade volume on exchange= 2,5 bio $
Daily fees = 2,5 bio $ * 0,2% = 5 mio $
5 mio $ * 0,09% * 30% = Your daily income
Your daily income = 1485$


All in all our Knight Exchange relies on a set of validators who are responsible for conducting transactions successfully. Our validators need to be 100% reliable. In order to ensure a flawless experience for users we are going to have support servers running until potential issues are resolved! In the case of any illegal action the respective validator will be punished adequately.


Applications for Beta phase:


Note:
After having received more than 10 questions about „how to become a validator“ via private messages we want to underline that we merely accept applications via mail with the following content:
•   Bitcointalk Username
•   Twitter account name (if you have one)
•   Detailed experiences with masternodes.
•   Max hours you are willed to invest / week.

Our mail-address:
KnightExchange@tuta.io


Attention:
When you become a member in our Beta phase we send the respective number of coins to you (25.000 Knight Exchange coins). This process is inevitable in order to test our system. Be aware that this transaction obviously comes along with the danger for us to loose the coins. Hence you either buy the coins directly or you deposit a pledge.



Three ways to participate for now:

A.)    Become a validator (details hereinabove)

B.)    Get coins for staking pre-exchange:
i.   Min 25.000 coins
ii.   Max 50.000 coins for each person
iii.   1 coin = 200 sat
iv.   25.000 coins = 0,05 BTC
v.   25.000 coins = 0,525 ETH
✔   Via sending BTC to 1GP2WDjiLif4siTWWUw9cXDpvbvdF4nwFM
(send us a mail after your payment with your ETH address because we merely can send our tokens to ETH-addresses)
✔   Via sending ETH to 0xaB71348Ba46567413EC4b0825f260182d9766BB8

C.)    Get some free coins (details hereinabove)



More details coming during the next weeks! Bookmark this page!