Hello, and thanks for taking the time to read my thread.
In a nutshell, I am developing an open-sourced project similar to exchanges such as Polonex, Kraken, and GDAX -- with a few key differences.
The community should have more authority on how an exchange that they put their money into should be ran. From associated fees to exchange limits, we finally take this power from corporations -- and puts it back into the community. (planned) Using an Ethereum based voting solution the community will drive the majority of functioning.
Dividends poolThis is perhaps the most attractive feature planned for this project. To combat fee manipulation, there are hopes to implement a dividends pool which will encourage users to pay higher fees. Dividends will be distrubted amongst a top X % of traders (not based on profit/loss). While associated fees will still be lower than industry price, those fees (mostly) will be contributed to the pool so that it is reinvested into the users which generated income. Instead of fees going to corporations, we should be earning dividends on digital assets invested.
You can view the project and code here:
https://github.com/ZenXChaos/ZenXTradingQuestions: Add me on Skype @MontrayDavis
Please like / watch on Github if you're interested.
This is a project only a few weeks into development, but already has the following features implemented:
- User registration / login
- USD Funding via Credit Card (uses Paypal SDK)
- Generate BTC Wallets and Addresses. (Currently not saved to profile, but works)
- Submit USD<->BTC orders (Orders currently not executed though)
- Basic data integrity using Blockchain style comparison.
- Larval 5
- Demo: http://192.169.148.246/exchange/public/index.php/home (Only those with this link will find it. Design is horrible.)
I hope that in a few more weeks that most features of an exchange are implemented. At least to a very basic level.
If you have early suggestions, feedback, or inquiries please post them. I'd definitely love to build a software which favors what the community has an eye for. Not corporate hags stealing money ^_^
Cheers.