Bitcoin Forum

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?

It's not so bad to try that but which coin that will be categorized as a shitcoin? i hope that you will not put scam coin in your site.
But i doubt if there will be a lot of people will try to buy those shitcoins.
But you must try to create a polling for that.

Nothing new there are countless " dexes" and centralized exchanges out there, 99% of them fake their volumes in addition. I personally do not understand how teams and investors are still doing new exchange projects, i dont understand how they plan to make money in this market.

Most of the decentralized exchanges trade shitcoins anyway- just take a look at forkdelta for example, and they are "decentralized'. Not a bad idea though, It will be better to devote resources to projects that are worthwhile,a decentralized exchange that can really make DEX attractive to all.Another shitcoin dex won't do that.

Your news was not new here mate, it is already happened a years now. Just like in Yobit, Etherdelta, Mercatox, almost majority of the coins listed to these platform are shitcoins to be called. Only few of the altcoins are not shit just like etherum, litecoin, Dash, Xmr, Xrp, xlm, and Bch. By the way where is the link anyway that you are talking about here dude.

I will provide the link when the DEX is ready, it will be soon.

You will realize how difficult it is to promote a new exchange when you have your own exchange.

You could list shitcoins to attract attention to your exchange but you'd be disappointing users after that though and when that happen there is no assurance if your weidex will still be remembered to be a good exchange. Forkdelta will only be remembered when users are about to dump tokens only listed over there.

The thing is that the two exchanges will be completely different. weiDex is the main exchange on which we are working hard - we review each coin before being listed so to avoid scams and we also try to provide liquidity. Whereas on Shitcoin everyone can create, list and trade - no submission forms, no review period, no permissions needed. You can create your own ERC20 token and directly list it to the exchange. Anyone can do that - it is completely decentralized. You can even do it for the fun- just shit your coin there. 

Personally, I don't have anything against shitcoins. They represent the time and effort spent by a lot many people. You know.... there are people with weird fetishes around the world... For example, I have heard about middle aged Japanese men who collect used panties. In Japan, there are even vending machines which dispose this stuff. You can find similar weird stories all over the world.

There may be individuals with a fetish for shitcoins. These guys can take advantage of the shitcoin DEX, and immerse themselves in the ecstasy of shitstorms. A Shitcoin DEX can even become a meeting place for all the shitcoin lovers around the world. This may include shitcoin collectors, shitcoin developers and even bounty hunters who receive shitcoin as their reward.

This is also a good idea. The thing that does it is quite difficult. I think it would be good to have such a trading floor, but most people will focus on selling the shitcoin they earn, few will spend money to buy them. So it will become a dead trading exchange

As I saw above, this will be for ERC20 tokens. But in this case there is Etherdelta / Forkdelta.
Now there are many new projects on the platforms TRON, Stellar, Binance. Many of these tokens in the future will turn out to be shit, its even more likely than in 2017-2018. At the same time, Ethereum is losing its share for new tokens. Maybe you should consider this fact.

Yes we realize that and we are now working on Atomic Swap Widget.

 

Kind of what Binance is doing. They created their Binance DEX to screen the best coins to be listed on their main Binance exchange. But if you are just going to list shitcoins like you said, then they're all not going to be listed to your weidex after all you just called them shitcoins.

Is it possible to just partner up with existing shit exchange?

I would like to know more about this coin. How will it be different? And whether it is connected somehow with DEXes?

The question is, there would be someone who would tend to use it up? This is the hardest part of an exchange where they do have a hard time on finding users.
Hence, trading up shitcoin can get up some traction yet even these coins do have low value but there are traders would consider it out.

Such place exists already and it is called forkdelta or etherdelta. Those decentralised exchanges have trading volume on almost every single token, so you can exchange those tokens that are burning a whole in your wallet.

Create a new one? so your DEX will allow someone who doesn't have knowledge about crypto to build his own token? I think that kind of feature isn't needed, if you become popular this will allow people to reproduce useless alts.

On Shitcoin DEX we are not going to monitor the listing process. So at the end all kinds of coins can be listed - shits or not shits - every ERC20 can be listed.

There will be no coin, just a DEX where you can list any ERC20 token at any time - no submission forms, no review period, no permissions needed. No one will monitor the listing process. And there will be this feature where you can generate your own ERC20 token and list it.
Additional benefit:
-the taker pays 0.2% of the transaction
-the market maker is paid 50% from the fee

Here are the main differences:
1. better and easy-to-use interface - we will provide a link soon
2. Market Makers do not pay fees.
3. Referral system - the taker pays 0.2% of the transaction
                              ✔️ the market maker is paid 50% from the fee
                              ✔️ invite a friend by your referral link and get 20% from his exchange trading fee
                              ✔️you can receive up to 70% rewards from trading fees.

The idea here is that we are not going to monitor the listing process - every ERC20 token can be listed.

Of course, why not? I will be happy to create a token which can be tradable :)
Will it be possible to transfer new tokens to the other DEX or ERC compatible wallets?

If you are talking about altcoins as shitcoins then you can´t success with your platform.
Kind behavior please, many altcoins are scam, but some of them could change the world  ;).

Yes, you can transfer them wherever you like.

The DEXs now have too much, Binance DEX, IDEX, DDEX, Forkdelta, ...
it was no stranger to everyone but what we needed was liquidity. Binance DEX and IDEX solved the problem and traders often focused on trading in Binance DEX or IDEX. New DEXs will usually not work well because too few people know.

This is quite funny, I take the stament to mean some sarcasm, Shitcoins are everywhere and already in most dex exchanges, why create a separate dex for shitcoins. It will be dead on arrival too as the name tag has already sold it out. Just like a token names 'fail' which actually failed few weeks after launch

If they create a certain reputation as a shitcoin exchange, they will be able to achieve some success.

From the point of view of conservative financiers, even Bitcoin is a shitasset. We all know that any assets are pumped and dumped from time to time. A market game with all possible tokens will be possible here. It may be interesting to everyone. A peculiar substitute for Cryptopia. ;D

Your strategy to even convince people is not it in any way as the market itself is bleeding and people around d now are just very much concern about the market and which project to get them running but your shitcoin will not do as hey are easy way to grave , lol, so never border to even see a good comment.

You are simply just trying to waste your energy and time that you would have channeled into developing something tangible that the world will know you for, new exchanges that are still developing platform that has projects that ought to have attracted volume is still finding it so much difficult to do so, and here you are taking about dexes for shitcoins.

It is good to come up with new innovations, but this particular one is a foolish innovation to me I must confess, because what an exchange needs to run smoothly would be volume and how do you expect the volume to come when people would have it at the back of their mind that the exchange is full of shitcoins which I doubt if you will get more than 100 people that would be interested in it out of the millions of people that we have in the market.

Creating a decentralized exchange to trade shitcoins. And at the end, those shitcoins will eventually send its hoders to the sun to get burnt. I hope time proves my assumption wrong.

not bad, but who wants to buy shitcoin?

only a fool wants to hold, when everyone wants to sell. so I think it's impossible to make DEX for shitcoin, this will only be a useless project.

And here it is - up and running https://shitcoin.market . You can have a look and give us some feedback. Soon you will have the chance to create your own token.

If you have any questions, we've made a discord group: https://discord.gg/dg6GRfP

I like the idea. I really have accumulated a lot of shitcoins (more than 100). And this is an interesting way to try to get rid of all this garbage.

You can list them with the "Shitting" tab https://shitcoin.market/

All these comments from dumb ass people. There is not one true dex you have mentioned above.