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Author Topic: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹  (Read 69914 times)
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December 01, 2017, 05:16:06 PM
 #641

If you get a weird error when attempting to stake, make sure the amount you are staking is less than your total minus the staking cost. For example if you're trying to stake all 100 of your coins, you can't. You can stake 100-27 (staking fee)=73 coins available for staking. Those are rounded numbers for all of it but this should help you understand what I'm saying.
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December 01, 2017, 06:10:29 PM
 #642

Just bought some BCO on EtherDelta and now I want transfer them to the wallet address CryptoBridge gave me on the exchange but an error comes up at EtherDelta saying, "Please specify a valid address". Any thoughts on what I'm doing wrong?
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December 01, 2017, 06:23:45 PM
 #643

Just bought some BCO on EtherDelta and now I want transfer them to the wallet address CryptoBridge gave me on the exchange but an error comes up at EtherDelta saying, "Please specify a valid address". Any thoughts on what I'm doing wrong?

The coin you have just bought is Bananacoin. Bridgecoin and Bananacoin have the same ticker symbols. My advice is to sell Bananacoin, convert the Ether to Bitcoin with Shapeshift, and from there send it to your Cryptobridge address.
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December 01, 2017, 06:33:53 PM
 #644

What is the legal status of BCO tokens now that they receive profits from the trading? It sounds like dividends from a stock and would make BCO considered a security.

Since CryptoBridge does not keep any of the trading profits themselves, does that make BCO different from a security somehow? Has anyone on the CryptoBridge looked into this at all? I'm liking this coin a lot but hesitant to get in if there could be legal issues.
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December 01, 2017, 06:46:10 PM
 #645

What is the legal status of BCO tokens now that they receive profits from the trading? It sounds like dividends from a stock and would make BCO considered a security.

Since CryptoBridge does not keep any of the trading profits themselves, does that make BCO different from a security somehow? Has anyone on the CryptoBridge looked into this at all? I'm liking this coin a lot but hesitant to get in if there could be legal issues.

I just asked your question to one of the devs on the Slack channel. They said Bridgecoin is not a security because it is a freely mineable coin. They also gave me this to refer you to: https://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

If it had been an ICO, then it would have been a security.
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December 01, 2017, 06:49:41 PM
 #646

BridgeCoin cannot be considered a security since it is, and always was a freely mineable coin that could be mined by anyone since Day1 with no pre-mine. There were no promises made in the beginning and we're not exchanging the Coins with some token. We're also not selling coins directly to any of you. We're not the administrators of the cryptocurrency "BridgeCoin" and as such, there is no regulation when it comes to BridgeCoin.

A good read on this topic is https://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/ for example.

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December 01, 2017, 06:54:01 PM
 #647

If you get a weird error when attempting to stake, make sure the amount you are staking is less than your total minus the staking cost. For example if you're trying to stake all 100 of your coins, you can't. You can stake 100-27 (staking fee)=73 coins available for staking. Those are rounded numbers for all of it but this should help you understand what I'm saying.

Thanks, we're aware of that. We'll fix it in the next release.

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December 01, 2017, 06:56:28 PM
 #648

Is there a reason a sell order has to be set so far above the actually market price?
I sent some Xvg to CryptoBridge yesterday to try out the exchange. I sent 10k and tried to set up a sell order @70 sats. But i just kept getting an error saying i needed to enter a valid price. It wasn't until i raised the price to 100 sats that the order would go through. Now don't get me wrong i'd love to sell @100 sats, hell i'd move all of my Xvg there if i could sell that high lol, but could you please explain the reason i have to set so high above actual market price? Seems counter productive when you're trying to add liquidity to make people set unreasonable orders.
Anyway after getting frustrated i just withdrew my coins. Eventually i'd like to try it again but as of now i'll take my chances with centralized exchanges. Much bigger security risk but also much more user friendly.
Oh and i did leave 2 Xvg there and set them to sell @100 sats so i know it wasn't a thing were the fee would be to small and i could see that orders had gone through @71 sats in the past.

Thank you we can reproduce it. Will take a look and fix it. There seems to be a problem with prices of less than 100 satoshi.

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December 01, 2017, 07:05:16 PM
 #649

What is the legal status of BCO tokens now that they receive profits from the trading? It sounds like dividends from a stock and would make BCO considered a security.

Since CryptoBridge does not keep any of the trading profits themselves, does that make BCO different from a security somehow? Has anyone on the CryptoBridge looked into this at all? I'm liking this coin a lot but hesitant to get in if there could be legal issues.

See their blog post where this is addressed as well https://medium.com/@cryptobridge/cryptobridge-funding-model-no-ico-no-premine-fair-distributed-2060d342bd28
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December 01, 2017, 07:17:01 PM
 #650

As some have mentioned, staking is now active and 0.9.4 client has been released. Thank you for @inoue for the japanese translation and thank you @coinman for the blog articles.

For the time being, 75% of all trading profits will go to BCO stakers (equals 0.15%). 25% of trading profits go to the already established market maker program. CryptoBridge will not get a cut in this. With that we hope to boost the overall success of the program and volume.

Download at https://crypto-bridge.org or use the web wallet at https://wallet.crypto-bridge.org

A tutorial how to stake can be found on our blog:
https://medium.com/@cryptobridge/tutorial-how-to-stake-bridgecoin-bco-on-cryptobridge-to-receive-50-of-profits-ce3fea3fad2e

More information how staking is calculated and how our bonus system works is also available here:
https://medium.com/@cryptobridge/introducing-staking-50-of-all-trading-profits-on-cryptobridge-will-go-to-bridgecoin-stakers-b26fe7723a3

Great job on the release and the staking payout I'm definitely throwing a good chunk of my coins into the staking with the supply only being 27 million its almost guaranteed future profit imo as we see with the current price increase it wouldn't take much! Still hope to see XLR and ELLA on the exchange, those two have a lot of potential to be the alternative PIVX and ETH to your BTS and the three could really see heavy gains in 2018 and I would definitely bring my crypto to the exchange I'm a stakeholder to lol.  Grin

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December 01, 2017, 10:28:00 PM
 #651

Is this still aveliable to mining?
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December 01, 2017, 10:40:56 PM
 #652

Is this still aveliable to mining?

No mining finished a couple of days ago, all BCO has been mined now. You can stake some BCO on the DEX if you like. I have decided to lock 90% of my BCO coins in for 6 months to see how it goes and I plan to buy more BCO to stake for the 1 year plan.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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December 01, 2017, 11:08:28 PM
 #653

Is this still aveliable to mining?

No mining finished a couple of days ago, all BCO has been mined now. You can stake some BCO on the DEX if you like. I have decided to lock 90% of my BCO coins in for 6 months to see how it goes and I plan to buy more BCO to stake for the 1 year plan.
It's an extremely risky and daring move, but if it works out, you can become a millionaire, Bridgecoin or better, CryptoBrige, is being viewed by countless people, is one of the top projects this year. Wink


 '
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December 01, 2017, 11:11:17 PM
 #654

Is this still aveliable to mining?

No mining finished a couple of days ago, all BCO has been mined now. You can stake some BCO on the DEX if you like. I have decided to lock 90% of my BCO coins in for 6 months to see how it goes and I plan to buy more BCO to stake for the 1 year plan.
It's an extremely risky and daring move, but if it works out, you can become a millionaire, Bridgecoin or better, CryptoBrige, is being viewed by countless people, is one of the top projects this year. Wink

Yes I agree that I have taken a big risk by doing this however I truly believe in the project and also believe that in time more and more people will start using CryptoBridge. Just remember that there are hardly any coins trading on there at the moment so once more coins are listed on there the volumes will start to pick up and so will the profits so I think its well worth the risk at this stage.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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December 02, 2017, 12:00:35 AM
 #655

Is this still aveliable to mining?

No mining finished a couple of days ago, all BCO has been mined now. You can stake some BCO on the DEX if you like. I have decided to lock 90% of my BCO coins in for 6 months to see how it goes and I plan to buy more BCO to stake for the 1 year plan.
It's an extremely risky and daring move, but if it works out, you can become a millionaire, Bridgecoin or better, CryptoBrige, is being viewed by countless people, is one of the top projects this year. Wink

Yes I agree that I have taken a big risk by doing this however I truly believe in the project and also believe that in time more and more people will start using CryptoBridge. Just remember that there are hardly any coins trading on there at the moment so once more coins are listed on there the volumes will start to pick up and so will the profits so I think its well worth the risk at this stage.

Support for Ethereum tokens is on the docket next, I think, and that should help with volume.  People like to trade their favorite coins.

I think the staking/profit sharing is cool but I'm excited for decentralized margin trading in June.  It's an obvious move to stake while we wait for that, in my opinion.


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December 02, 2017, 12:39:17 AM
 #656

What is the legal status of BCO tokens now that they receive profits from the trading? It sounds like dividends from a stock and would make BCO considered a security.

Since CryptoBridge does not keep any of the trading profits themselves, does that make BCO different from a security somehow? Has anyone on the CryptoBridge looked into this at all? I'm liking this coin a lot but hesitant to get in if there could be legal issues.

See their blog post where this is addressed as well https://medium.com/@cryptobridge/cryptobridge-funding-model-no-ico-no-premine-fair-distributed-2060d342bd28


This does not answer the question...
It answers a completely different question that STEEM addressed regarding launching an entity via PoW tokens.

BCO is very likely a security in the US, so US exchanges are unlikely...
But I'm more interested in how nicely liquidity is building = $200,000 today  Grin
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December 02, 2017, 01:24:21 AM
Last edit: December 02, 2017, 01:51:38 AM by BitcoinPappi
 #657

What is the legal status of BCO tokens now that they receive profits from the trading? It sounds like dividends from a stock and would make BCO considered a security.

Since CryptoBridge does not keep any of the trading profits themselves, does that make BCO different from a security somehow? Has anyone on the CryptoBridge looked into this at all? I'm liking this coin a lot but hesitant to get in if there could be legal issues.

See their blog post where this is addressed as well https://medium.com/@cryptobridge/cryptobridge-funding-model-no-ico-no-premine-fair-distributed-2060d342bd28


This does not answer the question...
It answers a completely different question that STEEM addressed regarding launching an entity via PoW tokens.

BCO is very likely a security in the US, so US exchanges are unlikely...
But I'm more interested in how nicely liquidity is building = $200,000 today  Grin

It does answer the question

1. It states BCO worked with a legal team to before determine how to fund the development of the DEX. Hence BridgeCoin

This is the safest coin in my opinion when compared to all other exchanges and other projects  that have received funding which have done it explicitly as an ICO and so are at a much more significant risk when compared to BridgeCoin and CryptoBridge.  You can live vicariously  through the rest of the traders :p

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December 02, 2017, 06:11:10 AM
 #658

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December 02, 2017, 08:06:42 AM
 #659

how do I add new coins to the exchange

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December 02, 2017, 08:58:28 AM
 #660

I do not think there is much risk while staking BCO.
Seems a lot of crypto-lovers chosen staking (like me Smiley ) and a lot of coins will go out of the circulation, for a longer while.
This means less selling pressure in coming months. .... well, I suppose so....
Dev team is active, determined and going step by step to success, which is most important.

Yes, I see BCO is listed at Bitafex, but not much trading there, is completely fresh exchange.
I think, majority of BCO trading will be concentrated at CryptoBridge.

p.s.
Still CryptoBridge do not support Ethereum based ERC-20 tokens.
Maybe, when they start accepting, we will see Passive Coin listed at CryptoBridge.  Cool Tongue Smiley

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