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Author Topic: Bitox.io new decentralized exchange  (Read 509 times)
CryptoWind
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May 13, 2018, 02:30:36 PM
 #21

Hi! Good luck! where we can read about your activity before 4th of May? Thanks
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May 13, 2018, 05:12:24 PM
 #22

Realy goodjob idea
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May 13, 2018, 07:09:38 PM
 #23

How can we be sure it is safe, we can't, that it is executed on a smart contract does not mean it is safe as we saw that before on etherdelta example so it still does not make sense. We should see the team as well.

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May 14, 2018, 07:03:59 AM
 #24

Hi! Good luck! where we can read about your activity before 4th of May? Thanks

We basically launched few weeks ago. https://github.com/bitox-exchange
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May 14, 2018, 07:26:12 AM
 #25

How can we be sure it is safe, we can't, that it is executed on a smart contract does not mean it is safe as we saw that before on etherdelta example so it still does not make sense. We should see the team as well.

Nothing is safe, even the biggest of the exchanges, stories such as Mt. Gox shows us. We always suggest to use Ledger or at least MetaMask, you are also welcome to check our github: https://github.com/bitox-exchange. We do understand your caution, but we hope to earn your trust with time.
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May 14, 2018, 10:11:29 AM
 #26

Yes this looks like EtherDelta, looks so simple with just a different look. But is this trustworthy? I will always keep up with the information about this exchange.
Yeah, pretty simple and not bad for a start. Trustworthy is a part of it and security is another part. At this stage of cryptocurrency, I believe everyone is trying to stay very careful so as not to be scooped of their little asset.

It is good that we are having decentralized exchanges as this is really what we are all looking forward to in the long run and not just all these centralized exchanges that can rip you off anytime but at the same time, it seems Dex are not really giving that vibes like they are ready for the real world.

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May 14, 2018, 01:20:31 PM
 #27

Yes this looks like EtherDelta, looks so simple with just a different look. But is this trustworthy? I will always keep up with the information about this exchange.
Yeah, pretty simple and not bad for a start. Trustworthy is a part of it and security is another part. At this stage of cryptocurrency, I believe everyone is trying to stay very careful so as not to be scooped of their little asset.

It is good that we are having decentralized exchanges as this is really what we are all looking forward to in the long run and not just all these centralized exchanges that can rip you off anytime but at the same time, it seems Dex are not really giving that vibes like they are ready for the real world.

Well said! We definitely see room for improvement, especially with UI. For anyone not familiar with ED it's a bit of a hassle. Btw, we reached 30k in telegram and 32k in Twitter.
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May 15, 2018, 06:07:49 AM
 #28

Yes this looks like EtherDelta, looks so simple with just a different look. But is this trustworthy? I will always keep up with the information about this exchange.
Yeah, pretty simple and not bad for a start. Trustworthy is a part of it and security is another part. At this stage of cryptocurrency, I believe everyone is trying to stay very careful so as not to be scooped of their little asset.

It is good that we are having decentralized exchanges as this is really what we are all looking forward to in the long run and not just all these centralized exchanges that can rip you off anytime but at the same time, it seems Dex are not really giving that vibes like they are ready for the real world.

Well said! We definitely see room for improvement, especially with UI. For anyone not familiar with ED it's a bit of a hassle. Btw, we reached 30k in telegram and 32k in Twitter.

Impressive growth, 36k in telegram. When are you going to add volume?
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May 15, 2018, 06:11:46 AM
 #29

It is nice that we are having multiple partly decentralized exchange coming up regularly like this. This is a good sign of the disruptions and better service that would be experienced in trading and exchange of cryptocurrency in the future

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May 15, 2018, 08:30:24 AM
 #30

I have an question

I wanna sell some tokens in my etherwallet.

About depositing token, the site says "To deposit, use the Deposit form in the upper left. Enter the amount you want to deposit and press the 'Deposit' button."

But I can't find Deposit button. is it near Price chart or Order book or something?

or Do I have to click Import account and put my etherwallet address and private key?
naidray
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May 15, 2018, 01:13:39 PM
 #31

We need more decentralized exchanges now,and you said you are listing new tokens for free so you can contact some of the ICO projects for get their new tokens into your exchange.But I think running a short or long running signature campaign about your project will let the people know more about your exchange.Good luck!
Seeing decentralized exchanges evolving and more coming up will really be a good thing for the community. I hope they will be able to keep up with the growth in the community and the aspect of security anyway since that was like the main issue most of the time with Etherdelta. Fortunately, if this is one thing that is out of the show, it should be a good start for decentralized exchanges and the more the merrier.

It is nice that we are having multiple partly decentralized exchange coming up regularly like this. This is a good sign of the disruptions and better service that would be experienced in trading and exchange of cryptocurrency in the future
Yes, these decentralized exchanges may enforce the fall of dominance of most other exchanges as they might see a differences in their trading volume. I also wish for more decentralized exchanges and more decentralized services everywhere.
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May 15, 2018, 02:01:38 PM
 #32

I have an question

I wanna sell some tokens in my etherwallet.

About depositing token, the site says "To deposit, use the Deposit form in the upper left. Enter the amount you want to deposit and press the 'Deposit' button."

But I can't find Deposit button. is it near Price chart or Order book or something?

or Do I have to click Import account and put my etherwallet address and private key?

Hello, thank you for your interest. First, you need to either import your account (with account and private key) or a better option would be to transfer your tokens into your account with MetaMask and use it that way.. Make sure you are logged in with Metamask, then open our website bitox.io. In the left drop down menu select token you would like to trade. You will see your tokens under "wallet", in order to trade them, type amount and press "deposit" and confirm pop-up in MetaMask. Wait until your transaction is confirmed (a tip - higher gas price, which you can set in Account menu, will speed up transaction confirmation).
Now you have your tokens at Bitox.io smart contract and you can trade them. Set "new order" and again confirm your transaction with MetaMask.

Once you have completed few trades, you will get familiar with the way it works.

Have a great day,
Bitox.io Team
bitox_exchange
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May 22, 2018, 09:58:28 AM
 #33

We are offering an airdrop service!

You can distribute your airdrop without paying huge gas fees. You will need to provide us with a list of eligible addresses, amount to be distributed. We will create a custom page where your customers can come and collect tokens, paying for the gas themselves.

We just started first distribution of MDTK tokens (https://mdtokens.com/). You can have a look what it looks like here: https://mdtk.bitox.io/

At the moment the price is just 2 ETH and you get the whole package:

1. Twitter announcement (47k followers)
2. Telegram announcement (49k members)
3. Priority listing at our exchange
4. Professionally designed announcement banner for twittter
5. Custom page for airdrop distribution
6. Airdrop distribution

With the current price of 12 gwei you save following gas fees:

with 10k applications: aprox. 6 ETH
with 20k applications: aprox. 12 ETH
with 30k applications: aprox. 18 ETH
with 40k applications: aprox. 24 ETH
with 50k applications: aprox. 30 ETH

Any questions, contact us in telegram: @bitox_exchange (https://t.me/bitox_exchange)
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May 22, 2018, 11:45:32 AM
 #34

It is really good we are beginning to have a lot of decentralized exchanges popping up even though most of it is still in the smart contract zone for Ethereum but not a bad idea at all as long as we can have so much of them.

However, the issue now is with security, looking at how EtherDelta really had its share of that right from the onset. What are the plans regarding that with bitox if I may ask ? However, it would still take a lot anyway to be able to get people's attention for much volume, but I guess we just have to see how it goes.

Thank you for your interest. We learned from ED mistakes, so security is our main priority. We strongly advice to use hardware wallets or at least MetaMask. Any suggestions on how to improve further?
wow this is great, I hope this exchange will run smoothly although later there will be many users in it. i will look forward to more good news about this exchange.

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May 23, 2018, 05:31:51 AM
 #35

It is really good we are beginning to have a lot of decentralized exchanges popping up even though most of it is still in the smart contract zone for Ethereum but not a bad idea at all as long as we can have so much of them.

However, the issue now is with security, looking at how EtherDelta really had its share of that right from the onset. What are the plans regarding that with bitox if I may ask ? However, it would still take a lot anyway to be able to get people's attention for much volume, but I guess we just have to see how it goes.

Thank you for your interest. We learned from ED mistakes, so security is our main priority. We strongly advice to use hardware wallets or at least MetaMask. Any suggestions on how to improve further?
wow this is great, I hope this exchange will run smoothly although later there will be many users in it. i will look forward to more good news about this exchange.

Thanks!
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May 25, 2018, 06:56:58 PM
 #36

Another airdrop is being handled by Bitox.io.
IonChain.io is now live and ready for distribution at ionc.bitox.io


We are offering an airdrop service!

You can distribute your airdrop without paying huge gas fees. You will need to provide us with a list of eligible addresses, amount to be distributed. We will create a custom page where your customers can come and collect tokens, paying for the gas themselves.


At the moment the price is just 2 ETH and you get the whole package:

1. Twitter announcement (50k followers)
2. Telegram announcement (51k members)
3. Priority listing at our exchange
4. Professionally designed announcement banner for twittter
5. Custom page for airdrop distribution
6. Airdrop distribution

With the gas price of 12 gwei you save following gas fees:

with 10k applications: aprox. 6 ETH
with 20k applications: aprox. 12 ETH
with 30k applications: aprox. 18 ETH
with 40k applications: aprox. 24 ETH
with 50k applications: aprox. 30 ETH

Any questions, contact us in telegram: @bitox_exchange (https://t.me/bitox_exchange)
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May 25, 2018, 08:30:41 PM
 #37

At the moment KYC is for large trade deals but it could change to all traders in future so there will eventually be a shift to DEXs instead. I suggest you contact some privacy coins as they will be popular to trade on these. Those invested in privacy coins are more likely to stay away from the large KYC exchanges

Thanks for a tip, will definitely discuss this with the team!
A fabulous tip indeed, I am somebody who supports privacy coins and because of KYC I stay away from those exchanges as much as humanly possible. If you listed the top 10 privacy projects right now imo, I believe you would get more volume from these coins than listing other coins. In any case cool to see another DEX being set up, they are the future Smiley.

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May 26, 2018, 12:57:01 AM
 #38

I don't think this exchange will succeed, there is no important difference compared to forkdelta, you should rather build a exchange based on 0x protocol,  old ones will not be used in the future.

I wouldn't say that the exchange can not succeed. But he has a really valid point about the 0x protocol. I would too recommend to build your platform on top of their protocol. I'm sure it is challenging, but you could be one of the 1st to do so.

Participated in the IonChain airdrop and will try out your distribution function. The service you are offering is really great. It saves a lot of gas. I will join the Bitox airdrop too later.
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May 26, 2018, 06:55:34 AM
 #39

Thank you for all your comments!

Of course, we are ironing few issues here and there, but it does work.
We are preparing to advertise airdrop service to the wider audience, have a landing page (being develop as we speak) with separate pages for airdrops, exchange, etc.

Next on the list is iOS/Android app. At the moment, you can still have full functionality on your mobile via CIPHER browser (both iOS and Android). As usual, we are open to any suggestions/comments.
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May 26, 2018, 09:16:13 AM
 #40

50k in twitter! Thank you for your support!
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