Bitcoin Forum

del

i just wondering when will you realese the beta test for your DEX exchange?

What is the price of 0.2 BURST? How do I buy it to be honest I am a little confused in seeing this.
Do I have to download it first to see more details?

Is there any escrow ?
I don't find much important information here and so we can buy TRT only with BURST coin is that correct?

i think you need to explain how we can buy the coins?
because i don't see any instruction on your website regarding that

https://github.com/btdex/btdex/releases/

If you interested to participate into into this sale event than you have to download the version of this DEX. You can go directly from given or visit the official website and click on phase 2 button.

Dev, if you are going to sell this project to traders, what would be your first selling point for this DEX? Remember, we have numerous DEXs already, so what would be the single feature that may outstand this DEX from others?

Some of the features that will be available:
 - besides crypto cross-chain we will have fiat exchange with no KYC, e-mail, etc.
 - zero trading fees for offer makers
 - trading fees (from offer takers) are distributed among TRT (trade token) holders
 - TRT is distributed to offer makers for every offer taken
 - a mediation system built around TRT

At this point, we have the TRT initial distribution (4.5 % of total). TRT holders will receive the trade fees when the DEX if fully operational. During the initial distribution, anyone can buy TRT using Burst (https://www.burst-coin.org/). One need to download BTDEX (https://btdex.trade) and load it with some Burst (e.g. from Bittrex) and then take a sell offer using the DEX itself. It is also a good idea to read the white paper available on https://btdex.trade.

After the initial distribution, crypto and fiat pairs will be added.

BURST price continues to move, today the price of BURST is $ 0.0037 USD. means the TRT 0.2 BURST token price is $ 0,00074 USD.
is it true that you allocated 95% of TRT tokens to trade rewards, 4.5% to sales, 0.5% to development, what about your team, did they not get the TRT token? and what is the total supply of tokens?

0.5% to development = team. Please read whitepaper https://btdex.trade/BTDEXandTRT.pdf (https://btdex.trade/BTDEXandTRT.pdf), it is our main document.

FAQ - https://docs.google.com/document/d/1fa0aSu3KEAdkevkrrQxC7mN1bKZgpgqr2wkgswxNILs/edit?usp=sharing (https://docs.google.com/document/d/1fa0aSu3KEAdkevkrrQxC7mN1bKZgpgqr2wkgswxNILs/edit?usp=sharing)

TRT - https://explorer.burst.devtrue.net/asset/12402415494995249540 (https://explorer.burst.devtrue.net/asset/12402415494995249540)

In this explorer you can see total amount and all movement of token.

hmmm, seems like you guys are trying to do something here,  i like it :)
reminds me kinda of cryptobridge in the beginning when they distributed to their token holders staking kickbacks in BCO
alot of people talking about DEX's in 2020, ill keep an eye on this and see how it goes, good luck! :)

okay thank you. I will read your white paper in more detail.

yes, from here I know the total supply of TRT tokens is 2,158,812,800 TRT. I hope your project runs well.

the truth is many people in crypto only shout decentralization just for the sake of it but don't really care about it, the difference between centralized and decentralized exchanges will give a clue of what i mean, the amount of users patronizing cex can not be compared to those that patronize dex, so i wonder what difference this dex will make in this situation, how will this project convince people to use dex instead of using more of cex?

Agree.

1. No registration, names, KYC ...
2. Owning your private keys.
3. Possibility to earn for market making.

Curious to know which blockchain/assets will be supported. Also is every transaction onchain or you have offchain features? Would also like to know if we're talking cross-chain/atomic swap if the DEX supports more than one blockchain

From whitepaper:

"Cross-chain exchange for main cryptocurrencies (BTC, LTC, ETH, XMR)
Conventional fiat money markets  (USD, EUR, BRL)"

All markets depends on demand.

All transactions onchain(what you mean by word "transaction" ?) , but I think you don't understand BTDEX model, which is basically protection of seller/buyer by rewarding for good behaviour and panelizing for bad. So in short-term plan no so called "atomic swaps".

If you know some Java or have basics of programming, you just can look to smart contract: https://github.com/btdex/btdex/blob/master/src/main/java/btdex/sc/SellContract.java (https://github.com/btdex/btdex/blob/master/src/main/java/btdex/sc/SellContract.java)

Those first 2 items above are the topmost features of any DEX and we all know it. But for BTDEX, what additional feature they have to outperform all the other DEXs? We have so many DEXs already, what is the selling point of this one?

Sorry, I am not expert of other DEX solutions, but I can guess not many have trading pairs with Fiat? We are more focusing to problem solving, not to a competition.
4. Fiat trading pairs. 

If there is Fiat trading pair, it will absolutely new on DEX feature. but I curious how people will respond to this, I think many people find it and feel strange.  

Can you explain why it is strange?