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Author Topic: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹  (Read 61141 times)
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letsbhonest
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January 01, 2018, 07:06:42 PM
 #901

Is it safe to move BCO from nova exchange to cryptobridge at this time?
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flip909
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January 01, 2018, 09:02:48 PM
 #902

Is it safe to move BCO from nova exchange to cryptobridge at this time?

Do It sooner rather than later IMO.

I did recently. may be a bit slow confirming, but it will make it. then you are cool Smiley
activision
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January 02, 2018, 01:53:29 AM
 #903

Hi Everyone,

I've just come across this project and it looks really interesting. However, I have a question. Sorry for my ignorance, but I'm still trying to get my head around how everything in this crypo world works!

My question is this: how does the wallet system work on this exchange?

For example, if I have both an XVG wallet and a BTC wallet in the DEX, each with their separate address, how do I know what the private key is for those wallets?  Can I access those wallets from outside Cryptobridge, or only from inside?

Are those wallets addresses that are actually on the XVG and the BTC blockchains, or are they somewhere else (on the cryptobridge blockchain)?  If they are not on the related blockchains (XVG and BTC) where and how is the currency stored?

Any information about this would be greatly appreciated!  Smiley

 

zhq123456
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January 02, 2018, 06:44:35 AM
 #904

It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.

magsrevs
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January 02, 2018, 08:16:19 AM
 #905

It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.

The staking is calculated as follows:

The staking reward is 0.15% of the exchanges volume. If the exchange does $10M volume in a day, then everyone staking will share 10M * 0.15% = $15,000 between them.
Your share depends on how much BCO you have staked, and the total amount of BCO being staked. Simply divide the amount you are staking by the total number of BCO being staked to figure out your slice of the pie.

As for "it is now found that the reward is not enough to pay the deposit fee", that seems a little misleading. Let's break it down:

You pay the fee only once, not every time.
If you stake some BCO, it will continue to stake until you choose to stop it.
This means that after a certain amount of time, you will have earned the staking fee back.
This will depend on how much you stake - the more you stake, the more you make.

Let's imagine you stake 1 BCO, and the fee is 10 BCO
If you stake 1 BCO, then your slice of the pie is quite small. It may take you a *long* time to receive enough payouts to pay back the fee, considering the fee is 10x your initial investment. This may not be a wise idea.

Let's imagine you stake 100 BCO, and the fee is 10 BCO.
Now your slice of the pie is 100x more, it will take you 100x less time to receive enough payouts to pay back the fee, considering the fee only represents 10% of your initial investment.

The fee is (relatively) fixed, there is no question about that. But what you can control is the % of your investment the fee comprises. And you only have to pay the fee once.
Stucamey
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January 02, 2018, 03:38:01 PM
 #906

It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.

The staking is calculated as follows:

The staking reward is 0.15% of the exchanges volume. If the exchange does $10M volume in a day, then everyone staking will share 10M * 0.15% = $15,000 between them.
Your share depends on how much BCO you have staked, and the total amount of BCO being staked. Simply divide the amount you are staking by the total number of BCO being staked to figure out your slice of the pie.

As for "it is now found that the reward is not enough to pay the deposit fee", that seems a little misleading. Let's break it down:

You pay the fee only once, not every time.
If you stake some BCO, it will continue to stake until you choose to stop it.
This means that after a certain amount of time, you will have earned the staking fee back.
This will depend on how much you stake - the more you stake, the more you make.

Let's imagine you stake 1 BCO, and the fee is 10 BCO
If you stake 1 BCO, then your slice of the pie is quite small. It may take you a *long* time to receive enough payouts to pay back the fee, considering the fee is 10x your initial investment. This may not be a wise idea.

Let's imagine you stake 100 BCO, and the fee is 10 BCO.
Now your slice of the pie is 100x more, it will take you 100x less time to receive enough payouts to pay back the fee, considering the fee only represents 10% of your initial investment.

The fee is (relatively) fixed, there is no question about that. But what you can control is the % of your investment the fee comprises. And you only have to pay the fee once.


Correct me if I am wrong, but both the buyer and seller on CryptoBridge are charged 0.2% fee, therefore on each transaction, the stakers get 50% of this, therefore 0.2% of each transaction? (note at this stage it is 75% of the fee i.e. 0.3%)
Victorreach
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January 02, 2018, 04:38:46 PM
 #907

Respected Dev! Please help me enter my account. I created it when there was a beta version, I wrote down my password in my notebook, now I can not log into my account and write the wrong password. As I was explained by other users, most likely I registered in the local wallet, how do I get into my local wallet? If I always use a cloud wallet to log in to my browser even if I choose a local (((Need your help


Lucasgabd
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January 02, 2018, 04:42:46 PM
 #908

Hi Everyone,

I've just come across this project and it looks really interesting. However, I have a question. Sorry for my ignorance, but I'm still trying to get my head around how everything in this crypo world works!

My question is this: how does the wallet system work on this exchange?

For example, if I have both an XVG wallet and a BTC wallet in the DEX, each with their separate address, how do I know what the private key is for those wallets?  Can I access those wallets from outside Cryptobridge, or only from inside?

Are those wallets addresses that are actually on the XVG and the BTC blockchains, or are they somewhere else (on the cryptobridge blockchain)?  If they are not on the related blockchains (XVG and BTC) where and how is the currency stored?

Any information about this would be greatly appreciated!  Smiley

 



Would like to know that as well.

And also antone knows the answer to my last question?

is it possibleto download the whole history in CSV or see the whole one?
I couldn't access my past payout history, for example, wanted to compare this payout with last one but I can access a max of 15 days in the past. not more than that.

all2much
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January 02, 2018, 04:54:49 PM
 #909

Is ETH still getting added to the exchange for January? Updates please.
Zer0Sum
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January 02, 2018, 05:41:17 PM
 #910

Hi Everyone,

I've just come across this project and it looks really interesting. However, I have a question. Sorry for my ignorance, but I'm still trying to get my head around how everything in this crypo world works!

My question is this: how does the wallet system work on this exchange?

For example, if I have both an XVG wallet and a BTC wallet in the DEX, each with their separate address, how do I know what the private key is for those wallets?  Can I access those wallets from outside Cryptobridge, or only from inside?

Are those wallets addresses that are actually on the XVG and the BTC blockchains, or are they somewhere else (on the cryptobridge blockchain)?  If they are not on the related blockchains (XVG and BTC) where and how is the currency stored?

Any information about this would be greatly appreciated!  Smiley

 

Would like to know that as well.

And also antone knows the answer to my last question?

is it possible to download the whole history in CSV or see the whole one?
I couldn't access my past payout history, for example, wanted to compare this payout with last one but I can access a max of 15 days in the past. not more than that.

Every coin you deposit gets converted to a "Bitshares Asset" on the Bitshares blockchain (except the native BTS)...
So BTC or XP get converted to BRIDGE.BTC and BRIDGE.XP as you can see here:

https://cryptofresh.com/assets

The conversion is done by a "Bitshares Gateway" = BRIDGE for a small fee both ways plus another small fee to Bitshares...
Not sure exactly how a gateway works or how stable it is... sometimes withdrawals temporarily do not work...
But this is really an early beta version.

The CryptoBridge Exchange is actually just a tricked out Bitshares Light wallet.

This is nothing new, but really well done...
Bitshares 2.0 with 3 second block times was introduced by Dan Larimer 2 years ago before he left to do Steem...
Both OpenLedger and CryptoBridge have leveraged standard Bitshares functions to build exchanges...

Right now BCO is valued about 2% of Polo/Bittrex, so it's not that crazy...
I would focus on cap versus theoretical cap of the big exchanges... forget about staking and yield and all that.

But I would be concerned that they allow tiny spam trades and "sat jumping"...
This not only kills liquidity, but would eventually overwhelm any blockchain.
 
rumpel_tusk
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January 02, 2018, 05:48:40 PM
 #911

Hi Everyone,

I've just come across this project and it looks really interesting. However, I have a question. Sorry for my ignorance, but I'm still trying to get my head around how everything in this crypo world works!

My question is this: how does the wallet system work on this exchange?

For example, if I have both an XVG wallet and a BTC wallet in the DEX, each with their separate address, how do I know what the private key is for those wallets?  Can I access those wallets from outside Cryptobridge, or only from inside?

Are those wallets addresses that are actually on the XVG and the BTC blockchains, or are they somewhere else (on the cryptobridge blockchain)?  If they are not on the related blockchains (XVG and BTC) where and how is the currency stored?

Any information about this would be greatly appreciated!  Smiley

 

Would like to know that as well.

And also antone knows the answer to my last question?

is it possible to download the whole history in CSV or see the whole one?
I couldn't access my past payout history, for example, wanted to compare this payout with last one but I can access a max of 15 days in the past. not more than that.

Every coin you deposit gets converted to a "Bitshares Asset" on the Bitshares blockchain (except the native BTS)...
So BTC or XP get converted to BRIDGE.BTC and BRIDGE.XP as you can see here:

https://cryptofresh.com/assets

The conversion is done by a "Bitshares Gateway" = BRIDGE for a small fee both ways plus another small fee to Bitshares...
Not sure exactly how a gateway works or how stable it is... sometimes withdrawals temporarily do not work...
But this is really an early beta version.

The CryptoBridge Exchange is actually just a tricked out Bitshares Light wallet.

This is nothing new, but really well done...
Bitshares 2.0 with 3 second block times was introduced by Dan Larimer 2 years ago before he left to do Steem...
Both OpenLedger and CryptoBridge have leveraged standard Bitshares functions to build exchanges...

Right now BCO is valued about 2% of Polo/Bittrex... so it's not that crazy...
But I would be concerned that they allow tiny spam trades and "sat jumping"...
This not only kills liquidity, but would eventually overwhelm any blockchain.
 

 

I think the fees would discourage manipulation of the markets considering it requires you to execute many actions on the BTS blockchain. Each buy, sell, and cancel require fees to be paid.
ZEROtoken
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January 03, 2018, 08:22:05 AM
 #912

pool.bridgecoin.org doesn't seems to work stratum+tcp://stratum.bridgecoin.org:3333 socket timeout. Is the url for stratum correct?
magsrevs
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January 03, 2018, 08:45:34 AM
 #913

It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.

The staking is calculated as follows:

The staking reward is 0.15% of the exchanges volume. If the exchange does $10M volume in a day, then everyone staking will share 10M * 0.15% = $15,000 between them.
Your share depends on how much BCO you have staked, and the total amount of BCO being staked. Simply divide the amount you are staking by the total number of BCO being staked to figure out your slice of the pie.

As for "it is now found that the reward is not enough to pay the deposit fee", that seems a little misleading. Let's break it down:

You pay the fee only once, not every time.
If you stake some BCO, it will continue to stake until you choose to stop it.
This means that after a certain amount of time, you will have earned the staking fee back.
This will depend on how much you stake - the more you stake, the more you make.

Let's imagine you stake 1 BCO, and the fee is 10 BCO
If you stake 1 BCO, then your slice of the pie is quite small. It may take you a *long* time to receive enough payouts to pay back the fee, considering the fee is 10x your initial investment. This may not be a wise idea.

Let's imagine you stake 100 BCO, and the fee is 10 BCO.
Now your slice of the pie is 100x more, it will take you 100x less time to receive enough payouts to pay back the fee, considering the fee only represents 10% of your initial investment.

The fee is (relatively) fixed, there is no question about that. But what you can control is the % of your investment the fee comprises. And you only have to pay the fee once.


Correct me if I am wrong, but both the buyer and seller on CryptoBridge are charged 0.2% fee, therefore on each transaction, the stakers get 50% of this, therefore 0.2% of each transaction? (note at this stage it is 75% of the fee i.e. 0.3%)

You are correct, both the market maker (the person who proposes the price) and the market taker (the person who accepts the price) are indeed charged a 0.2% fee.
However, the market maker is refunded their 0.2% fee. The market maker also gets 25% of the market taker's fee (ie 0.05% of the trade). This is to incentivise people to provide offers, and thus volume, to the exchange. As they say - get paid to trade. You get paid to offer assets at a set price.

The other 75% of the market taker's fee (ie 0.15% of the trade) goes to the stakers.

Does that make sense?
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January 03, 2018, 05:39:51 PM
 #914

Hi,

I send some LTC to my account but i still have not received it? How long does it take?

Thank you
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January 03, 2018, 05:46:48 PM
 #915

Hi,

I send some LTC to my account but i still have not received it? How long does it take?

Thank you

It should be credited. You can send an email to their support at cryptobridge@gmail.com made an error in the email. It was updated to  support@crypto-bridge.org



pool.bridgecoin.org doesn't seems to work stratum+tcp://stratum.bridgecoin.org:3333 socket timeout. Is the url for stratum correct?

You cannot mine to earn BCO any more.  The POW phase for BCO has ended since December 1, 2017
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January 03, 2018, 07:53:43 PM
 #916

Hi..I have over 400 Bridge coins and my wallet isn't syncing for i don't know how long. Can anybody tell me how to fix this? Or at least put some Addnode so i can start the syncing so i can stake. Thank you
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January 03, 2018, 08:29:57 PM
 #917

Hi..I have over 400 Bridge coins and my wallet isn't syncing for i don't know how long. Can anybody tell me how to fix this? Or at least put some Addnode so i can start the syncing so i can stake. Thank you

The Devs are maintaining the blockchain however it may be tough to synch up depending how long you have to go.
Anyone have a bootstrap of the latest Chain for him?

Leave it open let it catch what it can when it can. then move to DEX and you wont have a problem.
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January 03, 2018, 08:32:43 PM
 #918

pool.bridgecoin.org doesn't seems to work stratum+tcp://stratum.bridgecoin.org:3333 socket timeout. Is the url for stratum correct?

I couldn't get it to work either.

I had to use Mining Dutch they just delisted BCO. I have the port number of you want to mine in the background (I was told by MD that it would be ok until they did refresh.)

The PoW stage has finished btw. only worth mining if you need to move your coins around outside the DEX.

minerable
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January 03, 2018, 09:48:39 PM
 #919

Any news about new coins? When ETH will be available?
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January 03, 2018, 10:05:22 PM
 #920

Block can now be traded on the Crypto Bridge Exchange!

https://steemit.com/blocknet/@theblocknet/block-can-now-be-traded-on-the-crypto-bridge-exchange



BLOCKNET: THE INTERNET OF BLOCKCHAINS http://blocknet.co/
Facebook: https://www.facebook.com/theblocknet/ Discord: https://discord.gg/2e6s7H8
BTCtalk: https://bitcointalk.org/index.php?topic=829576.7300 A DECENTRALISED EXCHANGE THAT IS 100% TRUSTLESS.
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