Bitcoin Forum

Hi,

Just doing some experimental deals with AXE/BTC while facing the following, am I missing something, or is this AXE/BTC trading pair complete hoax.
I noticed the latest deals were quite large compared to the order book, all the deals were also occuring between the lowest selling level and highest buying level in the order book. If I made a small deal compared to the latest deals, I always end up buying high prices though.
If I inserted limit order into the area were the latest deals were occuring, my deal never got executed. At this point I made the following experimental limit order.
I checked the latest completed deal price (0.00002266) and inserted limit order (100 AXE, 0.00002267) with minimum amount higher than the latest completed deal, but still lower than the lowest buy level (0.00002268) in the order book.
Just a small amount of my small order got excecuted in a small deals, and literally no further deals occuring in the platform, and price is completely horizontal since then. 100 AXE is only like ~20$ ;D

https://i.imgur.com/abos8xY.jpg

https://i.imgur.com/T6VOVdO.jpg

Haha, volume has been zero since my order, this looks so hilarious  ;D
https://i.imgur.com/1qjeK9Z.jpg

Finally my massive ~20$ / 100AXE deal got finished, and now the volume is back to "normal" and way larger deals are occuring all the time  ;D
https://i.imgur.com/xYTFuhF.jpg

What exchange is this? Some exchanges get paid by coins team to fake their volume so they look more attractive and maybe rank higher in coin listers websites like coinmarketcap...

Or, the exchange fakes the trading volume of random coins so that the exchange itself ranks higher and attract more users.. AXE itself doesn't have an active community right now,it looks dead..

CITEX

I think the community looks pretty active?
But I'm not crypto nor coding guru in any terms, so I might be completely wrong, what is active and what's not.

Another point worth mentioning is that the AXE team can also trade with bots that sell each other coins. Some exchanges delist coins with too little trading volume after a certain time, so this can be avoided. To be honest, I don't think so in this case.

From a project perspective, the coin is definitely not dead, no. I checked their Github profile (https://github.com/AXErunners), there are regular commits, even if only from 3 different people. So it's definitely not a big project in the sense of Cardano or Ethereum where hundreds of developers work on the codebase at the same time. However, the last release of their Ace Electrum client was at May 1st:

https://i.postimg.cc/BQtRyzqk/screenshot-152.png (https://twitter.com/axerunners/status/1256034587018330112)

But from a community point of view I have to agree with you. Reddit has hardly any posts, the tweets almost no retweets or likes.