The site looks good, but allow me a few questions:
How do you ensure it won't get "hacked" like many other smaller exchanges last year (Allcrypt, Cryptoine, Allcoin,...) and all user funds are gone? Did those "hacks" or the stories around it help you to improve the security? What makes it more secure than those mentioned?
Are you planning to provide an exchange where miners can sell most of their coins (like Cryptsy)? Or will it become another "we host each shitcoin scam ICO for profit"? TBH, I don't the smaller exchanges not very much, no volume, don't like the GUI,...
Hello,
Thank you for your interest.
First thing, we'll not have any ICO coin. We'll not have POS only coins either. Maybe with a few exceptions for very popular POS coins. We want to propose coins that can be mined. We're coming from the mining side. I've been running the yaamp.com pool for a while and i'm now collaborating with the hashpower.co people to build this new exchange. So it's going to be a crypto exchange for miners. All coins we have at this time are almost the same as those that hashpower.co mines.
To be honest, it's when cryptsy started to crash that we decided to create this new exchange. There were some good coins we could not trade anymore.
The question of security is a hard and a central one. It's the jungle out there and that makes me having problem to sleep at night. It's kind of difficult to know what happened exactly to these exchanges that were hacked. People tend to keep details very secretly. I understand that while in a fight against hackers, you dont want to give them too much information by releasing details to the public.
We've been fighting hackers on the yaamp.com and hashpower.co sites. We've already been hacked with limited damage. We cleaned up and have now more experience at keeping wallets and databases safe, and are doing good so far. I understand that running an exchange may attract more attackers than a small pool but we are committed at using the best industry standards and keeping up against evil forces. But the reality is that it's not possible to be 100% hack proof. I mean, look at the cryptsy security page. They were doing all good. But still, something happened. Being small is easy, growing is much less.
Anyway i suggest anyone using our site to go easy and to not make large deposit for starting.
We have a bot that is aggregating orderbooks from other exchanges so all our orderbooks are already lightly filled and ready to trade. We dont need to have thousands of users before being usable exchange.
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