What do you think of this project? altcoin-decentralized cryptocurrency exchange

[LBX]

altcoin  is  decentralized cryptocurrency exchange

A truly decentralized cryptocurrency exchange. Powered by Atomic Swaps.

Built by traders, for traders.


DECENTRALIZED TRADING

Our mission is to create a decentralized altcoin exchange built by traders for traders.

SECURE AGAINST THEFT

Decentralized means you cannot lose your coins through hardware failure, lost credentials, or other negligence.

AMAZING USER EXPERIENCE

User experience that enables our users to make trades faster and without worrying if they’re exposing themselves to risk.



for more info: https://goo.gl/FV46CS



What do you think?
Is it the next big thing?

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[malikusama]

There are several existing exchanges which are claiming to be decentralized but i have not found any of them purely decentralized except etherdelta.
It seems an amazing project and surely it will be next thing if your team will able to deliver what they are promising. One more thing you should keep in your mind that the competitor is too strong ( i.e etherdelta) so your exchange should have some interesting features for users to make them attract towards it.

[CasinoBetGame]

exchanger, whatever centralized or decentralized, need trust and high volume transaction
without trust and bad volume transaction very dificult can interest trader to trading in there
this now the best decentralized exchanger etherdelta

[bill gator]

The idea pulled me into the thread, but to be honest I was really hoping to read through some concept papers, or some whitepapers (maybe I'm calling it the wrong thing). I want some explanation for how this is decentralized and what the inner-workings are, as decentralized and open-source (or at least transparent) should be synonymous.

Does each participant operate as a node, are there dedicated nodes, does it mimic the blockchain?

[Lipe490]

The main problem with decentralized exchange is the support. You can take by example EtherDelta where everything works independent and I don't know where the hell I can get support If I have any issues. But in the other hand it only works with Ethereum. I would like to see a fully decentralized exchange with multiple coins working (I don't know if it already exists).

[BitMonkey]

For a truly decentralized exchange you've got to wait for wanchain, polkadot or at least chainlink to start functioning properly.

[kuroman]

altcoin  is  decentralized cryptocurrency exchange

A truly decentralized cryptocurrency exchange. Powered by Atomic Swaps.

Built by traders, for traders.


DECENTRALIZED TRADING

Our mission is to create a decentralized altcoin exchange built by traders for traders.

SECURE AGAINST THEFT

Decentralized means you cannot lose your coins through hardware failure, lost credentials, or other negligence.

AMAZING USER EXPERIENCE

User experience that enables our users to make trades faster and without worrying if they’re exposing themselves to risk.



for more info: https://goo.gl/FV46CS



What do you think?
Is it the next big thing?

While the idea is nice, there are too many issues I see here, first of all, you guys are brand new, no reputation no trust, so it's going to be hard to get marketshare, and second of all without the volume you can't get increase the marketshare, and without an increasing market share you can't get more volume it's like a dog chasing it tail, thirdly and I think this is the major problem, the project that feel decentralized 100% there are still components of a centralized system in there, but maybe I didn't get it well, I'll try to give it a second read.