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shrl24
Member
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Activity: 91
Merit: 10
www.bitreal.eu
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November 20, 2017, 04:44:51 PM |
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You're right it's much faster compared to EtherDelta, almost instanteneous. But I there's hardly any volume on IDEX (7,000,000 USD vs 74,000 USD). I'll check back in a few weeks to see if there's more action, because there is a lot to like. |
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YIz
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November 20, 2017, 04:47:20 PM |
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Other DEXs such as Radar Relay and others will completely take over ED in terms of speed.
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tauceramica
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November 20, 2017, 04:52:14 PM |
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I'll never use that Idex thing as long as Etherdelta exists. We don't need such garbage DEX projects anymore. And there is no reason for me to switch my exchange platform. By doing cheap advertisement and guerilla marketing, you won't get what you want.
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Coiner_
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November 29, 2017, 12:55:15 AM |
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I'll never use that Idex thing as long as Etherdelta exists. You're very free to do that. ICYMI the world doesn't revolve around you. We don't need such garbage DEX projects anymore. We? That is the most naive, mindless and baseless statement I've read in a long time. At least the people behind IDEX care enough to provide a UI that doesn't look like a duct-taped mess from when making layouts with table elements was a thing and the web was just starting out. And oh, the UX is actually real time. It's no wonder you're so stuck on EtherDelta if you're inane enough to think IDEX is garbage in comparison. And there is no reason for me to switch my exchange platform. Again, "the world doesn't revolve around you". By doing cheap advertisement and guerilla marketing, you won't get what you want. Aren't you adorable.  |
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bribed
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November 29, 2017, 12:59:28 AM |
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I for my part have discovered Idex on my own, without any advertisements, even without Bitcointalk. I connected Metamask, just like in ED and made some trades just to check it out, and I really have to say its a good experience trading there compared to ED. Its just faster and more convenient. What bothers me a bit though are the minimum trade limits, dont know why this have to exist.
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AuroraDao
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November 29, 2017, 01:08:42 AM |
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I really have to say its a good experience trading there compared to ED. Its just faster and more convenient.
Hey, thanks a lot for the review! Love to hear you like what we have built, we put a lot of thought into the design realizing that it was possible to get the trade speed of a centralized exchange with the security of a fully decentralized exchange. What bothers me a bit though are the minimum trade limits, dont know why this have to exist.
I agree that the trade minimums suck, we felt we had no other choice though. Unlike EtherDelta we have trade matching on IDEX, this means that you can't just match any order you want to match with, you have to match with the best priced one. Since all trades mine on Ethereum there is a gas cost involved, and that gas cost is paid by the market taker. If we don't have a minimum trade amount it will be very simple for people to spam our orderbook with tiny orders that cost more in gas to mine than the orders are worth. This would make the cost of doing a trade extremely expensive, effectively making IDEX unusable. The only solution in the short term is to limit the order size so that takers don't have to pay too high of a fee when also including gas. In the medium term we are working on moving IDEX over to a sidechain solution. This sidechain will use POS mining and be secured by our AURA token and there will be no gas fees, only trade fees, which will go to the miners. Once we are operating on the sidechain there will no longer be minimum trade sizes. |
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AuroraDao
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November 29, 2017, 01:17:15 AM |
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Guys this is my personal opinion, idex is much faster, you can adjust the gas fees to min as possible, transaction very fast. Very light compare to etherdelta.
Thanks for helping spread the word! I just found this thread thanks to one of our telegram room members. I really appreciate your kind words  You're right it's much faster compared to EtherDelta, almost instanteneous. But I there's hardly any volume on IDEX (7,000,000 USD vs 74,000 USD).
I'll check back in a few weeks to see if there's more action, because there is a lot to like.
Completely agree that there is not much liquidity. We built a market making bot and were running it the last few days but we realized that it was slowing the site down a lot. We've taken the bot offline while we get some scaling fixes in, should have it back up in a few days. Will really help with liquidity once it is back up. Other DEXs such as Radar Relay and others will completely take over ED in terms of speed.
Hey, have you tried out IDEX or taken a look at our architecture? Radar Relay is the exact same setup as etherdelta, neither of those are as fast as IDEX by a long shot. It is possible to build something close to IDEX on 0x, but it is not able to stand up to what we can do in terms of transaction throughput. I'll never use that Idex thing as long as Etherdelta exists. We don't need such garbage DEX projects anymore. And there is no reason for me to switch my exchange platform. By doing cheap advertisement and guerilla marketing, you won't get what you want.
Curious why you think it is garbage? Have you tried it out? IDEX provides real time trading - there is no need to race other people to get your trade mined before them, once you match it the trade is a done deal. We have the speed of a centralized exchange while keeping the security of smart contract management of funds. Also, fyi this thread wasn't started by us. A user from our telegram did just bring it to my attention though |
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bribed
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November 29, 2017, 01:40:07 AM |
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I agree that the trade minimums suck, we felt we had no other choice though. Unlike EtherDelta we have trade matching on IDEX, this means that you can't just match any order you want to match with, you have to match with the best priced one. Since all trades mine on Ethereum there is a gas cost involved, and that gas cost is paid by the market taker. If we don't have a minimum trade amount it will be very simple for people to spam our orderbook with tiny orders that cost more in gas to mine than the orders are worth. This would make the cost of doing a trade extremely expensive, effectively making IDEX unusable. The only solution in the short term is to limit the order size so that takers don't have to pay too high of a fee when also including gas.
In the medium term we are working on moving IDEX over to a sidechain solution. This sidechain will use POS mining and be secured by our AURA token and there will be no gas fees, only trade fees, which will go to the miners. Once we are operating on the sidechain there will no longer be minimum trade sizes.
Thanks for explaining that to me. I understand and it makes sense. I was thinking about something like gas being the reason in the first place, just thought that they are kind of high compared to gas costs. But Im sure you did the math before applying the trade minimums. The sidechain solution sounds promising too, will Idex then be able to support other currencies (eg BTC) as well? Keep it up, great work so far! |
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AuroraDao
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December 06, 2017, 10:46:06 PM |
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I agree that the trade minimums suck, we felt we had no other choice though. Unlike EtherDelta we have trade matching on IDEX, this means that you can't just match any order you want to match with, you have to match with the best priced one. Since all trades mine on Ethereum there is a gas cost involved, and that gas cost is paid by the market taker. If we don't have a minimum trade amount it will be very simple for people to spam our orderbook with tiny orders that cost more in gas to mine than the orders are worth. This would make the cost of doing a trade extremely expensive, effectively making IDEX unusable. The only solution in the short term is to limit the order size so that takers don't have to pay too high of a fee when also including gas.
In the medium term we are working on moving IDEX over to a sidechain solution. This sidechain will use POS mining and be secured by our AURA token and there will be no gas fees, only trade fees, which will go to the miners. Once we are operating on the sidechain there will no longer be minimum trade sizes.
Thanks for explaining that to me. I understand and it makes sense. I was thinking about something like gas being the reason in the first place, just thought that they are kind of high compared to gas costs. But Im sure you did the math before applying the trade minimums. The sidechain solution sounds promising too, will Idex then be able to support other currencies (eg BTC) as well? Keep it up, great work so far! Hey Bribed, for some reason this never let me know you responded  And yeah, it is high compared to gas but that was so we could have room to raise the gas prices without messing with the minimums. Unfortunately that cat game has really hit us hard right now, shows we are right with thinking we need a sidechain! The sidechain version will be able to integrate with any smart contract blockchain easily, for assets like bitcoin it is more work but should be possible. Thanks for the words of encouragement! We just released a new Aurora site, be sure to check it out! https://auroradao.com/ |
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strickland
Sr. Member
Offline
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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December 11, 2017, 08:04:14 PM |
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Does the other exchange have more volume compared to Etherdelta? It wouldn't make any sense for you to change websites. |
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emberbekas
Legendary
Offline
Activity: 1904
Merit: 1000
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December 11, 2017, 08:26:02 PM |
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Last time I visited idex I saw only a few people uses it. Tbh, idex is easier to use, we can use json file instead of private key to be able to trade our tokens. I wish idex will be get more attention hence I will move there.
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Coiner_
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December 11, 2017, 10:53:43 PM |
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Does the other exchange have more volume compared to Etherdelta? Of course not, it's new. That's sorta like expecting Binance to have more volume than Bittrex within a month of launch. It wouldn't make any sense for you to change websites. Hmm, how exactly will they get more volume compared to ED if everyone keeps using only ED while waiting for IDEX to get more volume?  |
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askmecrypto
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December 11, 2017, 10:56:02 PM |
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A lot many DEX projects are coming now and then, however ED will never loose its place. Reason is simple, ED have the volume. For sure IDEX is way quicker compared to Etherdelta, but whats the use if there is no volume out there? same goes for Decentrex and others. |
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TimeTeller
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December 11, 2017, 11:00:30 PM |
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Is listing a new eth token in idex free also?
Do you have the link for the requirements? Thanks.
Never tried idex but might be a good alternative.
But need to have a long list of other eth tokens to attract other traders.
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littlebill16
Member
Offline
Activity: 160
Merit: 12
🤖UBEX.COM 🤖
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December 11, 2017, 11:02:03 PM |
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I've checked out IDEX and from a users point of view it seems to be better in all but one aspect and that aspect is volume, right now there is so little volume on almost all coins that it is just unusable for the most part. The team are going to start working on that with market making bots etc but this will take some time. Their ICO started today and I think in time it will be a great success.
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Coiner_
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December 11, 2017, 11:04:15 PM |
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Is listing a new eth token in idex free also? Yes it is. Do you have the link for the requirements? Thanks. You can find their application form on the footer of the exchange. You might also want to join the Telegram. |
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bribed
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December 11, 2017, 11:36:37 PM |
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I agree that the trade minimums suck, we felt we had no other choice though. Unlike EtherDelta we have trade matching on IDEX, this means that you can't just match any order you want to match with, you have to match with the best priced one. Since all trades mine on Ethereum there is a gas cost involved, and that gas cost is paid by the market taker. If we don't have a minimum trade amount it will be very simple for people to spam our orderbook with tiny orders that cost more in gas to mine than the orders are worth. This would make the cost of doing a trade extremely expensive, effectively making IDEX unusable. The only solution in the short term is to limit the order size so that takers don't have to pay too high of a fee when also including gas.
In the medium term we are working on moving IDEX over to a sidechain solution. This sidechain will use POS mining and be secured by our AURA token and there will be no gas fees, only trade fees, which will go to the miners. Once we are operating on the sidechain there will no longer be minimum trade sizes.
Thanks for explaining that to me. I understand and it makes sense. I was thinking about something like gas being the reason in the first place, just thought that they are kind of high compared to gas costs. But Im sure you did the math before applying the trade minimums. The sidechain solution sounds promising too, will Idex then be able to support other currencies (eg BTC) as well? Keep it up, great work so far! Hey Bribed, for some reason this never let me know you responded And yeah, it is high compared to gas but that was so we could have room to raise the gas prices without messing with the minimums. Unfortunately that cat game has really hit us hard right now, shows we are right with thinking we need a sidechain! The sidechain version will be able to integrate with any smart contract blockchain easily, for assets like bitcoin it is more work but should be possible. Thanks for the words of encouragement! We just released a new Aurora site, be sure to check it out! https://auroradao.com/Hey there, funny thing, somehow I just stumbled on the thread again today and was also surprised to find another answer from you! Thanks for that one. All this sounds really compelling and I am looking forward to seeing it being deployed! As far as I know your tokensale started today, so I wish all the best that you will raise enough funds to develop the project by all means. I will buy some tokens as well! Best of luck! |
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yusuf98
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December 11, 2017, 11:46:28 PM |
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really good, the information you provide is good. this can be a recommendation material for me and can simplify my trading process. thank you very much for the information
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Ansmdr
Newbie
Offline
Activity: 52
Merit: 0
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January 11, 2018, 12:39:05 AM |
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Is it safe to import wallet private key?!
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