@BitcoinPlusBus
@bitcoinplusorg
@rushmybitcoin
@Egghead
If this wont convince bitrex i dont know what will.
Yeah I cant understand what their issue is regarding a listing.I know the old XBC was listed and then delisted due to low volume but this is a whole new outfit and community built from beneath the ground up.Obviously hard work and dedication dont impress them but maybe the volume will.Who knows really?Anyway we are already listed on the largest crypto coin exchange on earth so thats something for them to think about.Most coins go to many lesser known exchanges before they get a chance at poloniex.Thankfully we are already there.
Even if Bittrex isn't stating what their real reasons are, for not listing XBC, it is probably all about their necessity of getting liquidity, in order to enlist XBC.
I'm not 100% positive (but pretty sure), that Bittrex (just like Poloniex) has its own market-making, putting up both, bids & offers (not just from its customers!) and likely even generating some wash trade volume.
If they enlist XBC without either acquiring the minimum amount of liquidity they deem necessary, or alternatively are able to obtain the liquidity under a lending contract/ long-term repayment deal,
Bittrex just knows, that relying exclusively upon customer bids & offers, it would just result in another orphaned XBC market without any real volume at all,
something that doesn't help them (in making money off commissions), nor helps XBC much.
Bittrex probably knows, because of the relatively high staking rewards of XBC, they have little to no chance, to obtain the needed liquidity under such a lending deal.
Also, Bittrex may just have no inclination or little willingness, in themselves acquiring the amount of liquidity they deem necessary, from Poloniex.
Because it would mean, that Bittrex would have to put up a whole stack of money, which they may simply be unwilling to do.
With rising price of XBC, it will not get any easier to somehow "provide" premium exchanges with the XBC liquidity they need for market-making and for putting up their own bids & offers.
And frankly, in order to get it listed on Bittrex or any other premium exchange with its own market-making, it will eventually come with some kind of (heavy) price-tag for us as a community.
What i'm trying to say is, if we want to succeed in listing XBC on Bittrex, we need to make it for them as easy, cheap, convenient and comfortable as possible, then they won't refuse to list it.
I'm not sure, how many coins Bittrex would deem necessary to hold as liquidity, in order to list XBC, but i guess it's something between 2,500 to 4,000 coins at least, which of course cost a lot.
Now, what we could do to accomplish this goal, is to first find out how much liquidity Bittrex would need or want to have, for listing XBC (without demanding any payment), just so we know and
we could try to work out a solution, once we know it.
One possible solution could be, that we establish a liquidity pot (for Bittrex listing), which then after reaching its funding goal would be handed over to Bittrex under such a lending contract, but
where all "donators" could count upon a long-term repayment from Bittrex (through their earned XBC commissions). Not an ideal solution, and of course it would require some organizing and oversight.
I can only see one other, easier and more convenient solution to this problem, but it would require the cooperation between Poloniex and Bittrex, namely the bartering of coins between Poloniex
and Bittrex (or at least for 50-70% of the amount of liquidity needed by them), then we could find an easier fix for providing the remainder liquidity.
We would need to know a coin listed on Bittrex (but not listed on Poloniex so far), but which Poloniex intends to enlist soon.
So instead Poloniex needing to suck up liquidity on Bittrex, Poloniex could just barter a portion of their XBC coins for these other coins they would need from Bittrex.
Right now, there could even be such an opportunity for us, but we would need to act soon and check with both exchanges, whether they would have any other objections.
(unfortunately, Poloniex may not want to lose any XBC liquidity or lose any market-share in XBC trading volume to Bittrex, and we would need to deal with it somehow)
Bittrex holds about 21.5 million Trustcoins (TRST).
And Poloniex may intend to list Trustcoin (TRST) soon or within a couple of weeks, after having resolved their scaling and network issues. (it's still not listed now)
The Poloniex wallet of Trustcoin seems still pretty much empty, but it already exists, you can verify over here:
Bittrex Trustcoin wallet:
https://etherscan.io/token/Trustcoin?a=0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98Poloniex Trustcoin wallet:
https://etherscan.io/token/Trustcoin?a=0x32be343b94f860124dc4fee278fdcbd38c102d88I'm not sure, but it *could* be a viable opportunity for us, to get XBC listed on Bittrex, if the team would propose to both exchanges the bartering of some amount of liquidity between their XBC and TRST coins.
But as i said, it would of course require the cooperation of Poloniex and Bittrex, without any of them having further objections to why one party may refuse to such a barter.
Of course, they would need to negotiate an exchange rate between the two currencies, for the amount of liquidity they would trade among them.
And possibly Poloniex may only want to relinquish to a smaller amount of liquidity, and not the entire liquidity demanded or needed by Bittrex for a listing of XBC, but this way, we could at least raise
a portion of the liquidity needed by Bittrex this way, and find a complementary solution for the remainder liquidity thereafter, which then is easier for us to solve.
I think we all agree (and also Poloniex needs to acknowledge), that as XBC is growing and maturing, Poloniex shouldn't remain the single and only pillar upon which XBC relies.
Getting XBC listed on 2 additional premium exchanges (3 in total incl. Poloniex), would be a sound mid-term goal to achieve, but unfortunately it's an uphill battle about liquidity of course.
And a further raising price, will not make it any easier in future, even if the supply is slowly growing, but price may just grow even faster, thus complicating the providing of liquidity.
XBC is one of the best coins out there and we already have the best team, but the competition is tough, and getting tougher, and there are still a couple of hurdles to take.
Poll
