The Kratom Exchange at
https://exchange.kratom.pw/ now has instant matching with MazaCoin instead of the stagnant orderbook method.
Exchange now holds:
MazaCoin : 15,000
Kratom/IndoCoin : 32,080,201
Example scenario of spending 5000 Maza to get 8,000,000 Kratom
Your 5,000 Maza is added to the pool increasing it to 20,000.
You now spent 25% of the 20,000 Maza which entitles you to 25% (8,000,000 -- 0.25% goes to increasing the pool on the exchange.) of the Kratom on the exchange.
Rate: 0.000625 Maza per Kratom.
This effect is less dramatic if you were to spend a lesser stake of what the exchange has on hand. Experiment with lesser amounts to see the difference in exchange rate.
500 Maza can buy 1,032,258; 1/8th the amount of Kratom for 1/10th Maza.
Rate: 0.000484 Maza per Kratom.
The same effect happens for selling Kratom:
Example scenario of selling 8,000,000 Kratom
The pool would hold a little over 40M Kratom and your 8M sell would account for nearly 20% of that pool entitling you to 20% of the 15,000 Maza held on the exchange which would be nearly 3,000 Maza.
Rate: 0.000375 Maza per Kratom.
With selling 1M Kratom: 452 Maza.
Rate: 0.000452
This basically simulates what happens on exchanges that use limit orders left by previous users without the need to have plenty of users doing that. If someone were to sell or buy a good percentage of the total orderbook on a normal exchange they would have a similar dramatic effect on the exchange rate.
Mazacoin is available here:
https://freiexchange.com/market/MAZA/BTCThank you for your service.
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