[ANN] Live-Beta is UP | Trade, earn FYR, get whitelisted | https://fyrus.pro

[Miiike]

How low is this... low transaction fee? I don't get why should this low tx fee become a selling point if at the end of the transaction, most of the paid fee will return to out wallet anyway.

[FyrusPro]

I Like the project and i want to invest in the ico later
But when will the ico start?

Thank you for your interest. It will begin within a week after the end of our Invitation-Only, which is set to end next Friday (countdown on our site). Formal announcement will be made next week.

[FyrusPro]

How low is this... low transaction fee? I don't get why should this low tx fee become a selling point if at the end of the transaction, most of the paid fee will return to out wallet anyway.

Transaction fees will be between 0.1 % ~ 0.05 %.

Yup, I do agree that low transaction fees is a minor selling point. Our goal is to ensure that traders like yourself pay the lowest possible fee, though unfortunately at this stage, there are certain variable costs that are finalized at the end of the transaction. Which is why we have to collect the fees first, and rebate any excess afterwards.

[Miiike]

How low is this... low transaction fee? I don't get why should this low tx fee become a selling point if at the end of the transaction, most of the paid fee will return to out wallet anyway.

Transaction fees will be between 0.1 % ~ 0.05 %.

Yup, I do agree that low transaction fees is a minor selling point. Our goal is to ensure that traders like yourself pay the lowest possible fee, though unfortunately at this stage, there are certain variable costs that are finalized at the end of the transaction. Which is why we have to collect the fees first, and rebate any excess afterwards.

And will it be the same for either market takers and makers?

I'd also like to discuss about your listing mechanism, as convenience as it is for new tokens and coins to be listed merely by votes and by neglecting previous daily volume, it emerges new possible problems to today's crypto situation where ICOs are coming like wild fire. We can assume that PnD (or maybe we should establish a new term called RnA for Raise-and-Abandon) project to ask for their community to vote, or even promising some bounty to vote on your platform so they can get listed, pumped the price, then dump and abandon the entire project soon after. Which leave you with non-functioning coins on your exchange. Solution?

[FyrusPro]

How low is this... low transaction fee? I don't get why should this low tx fee become a selling point if at the end of the transaction, most of the paid fee will return to out wallet anyway.

Transaction fees will be between 0.1 % ~ 0.05 %.

Yup, I do agree that low transaction fees is a minor selling point. Our goal is to ensure that traders like yourself pay the lowest possible fee, though unfortunately at this stage, there are certain variable costs that are finalized at the end of the transaction. Which is why we have to collect the fees first, and rebate any excess afterwards.

And will it be the same for either market takers and makers?

I'd also like to discuss about your listing mechanism, as convenience as it is for new tokens and coins to be listed merely by votes and by neglecting previous daily volume, it emerges new possible problems to today's crypto situation where ICOs are coming like wild fire. We can assume that PnD (or maybe we should establish a new term called RnA for Raise-and-Abandon) project to ask for their community to vote, or even promising some bounty to vote on your platform so they can get listed, pumped the price, then dump and abandon the entire project soon after. Which leave you with non-functioning coins on your exchange. Solution?

Sorry for the delay.

That would be the market taker price. As for makers will be determined closer to the actual launch of the platform, but we do intend for it to be lower than the taker's.

For listing of coins/tokens, the projects will still be vetted (sorry if we are not clear in the post!). It is to our interest and yours to avoid any pump-and-dump or raise-or-abandon coins/tokens to be listed. We take this issue very seriously. To ensure that tokens listed are valid and trustworthy, we will still perform due diligence to ensure integrity of the projects before putting through a vote. We are considering different ways of getting the community to play a part in screening the different projects. One way could be opening an ANN thread like this one to get all community members and experienced traders to discuss the different aspects of the project.

The voting process itself will also have reasonable limitations for each voter. The user's ability to vote could depend on their account's age, possibly tracked by the activity of the wallet's they used, and votes to list a project's token cannot be entirely from a small group of individuals. We are hoping that that involving the community throughout the process will reduce the chances for harmful coins/tokens slip pass the vetting process.

From the financial perspective, we do not believe in charging millions of dollars of listing fees. The whole voting + threshold mechanism is meant for the listing process to be more affordable for projects to get listed. We believe that projects could possibly create more intrinsic value from the fee savings, translating to a higher value of their coins/tokens which is a win for everybody.

Once listed, if a small group of users want to execute a pump and dump, usually they would need to manipulate the price of a low trading volume coin/token and spread untruthful news to get others hooked. We will do our part to build up a diverse and large enough community, educate the community and supply accurate news directly to combat misleading information designed to manipulate the market. Ultimately, we will still have to depend on traders, like yourself, to make informed trading decisions based on the information supplied. We would like to think that if executed properly, trading against market manipulators could be a strategy by itself and could prove to be quite profitable.

[Miiike]

And will it be the same for either market takers and makers?

I'd also like to discuss about your listing mechanism, as convenience as it is for new tokens and coins to be listed merely by votes and by neglecting previous daily volume, it emerges new possible problems to today's crypto situation where ICOs are coming like wild fire. We can assume that PnD (or maybe we should establish a new term called RnA for Raise-and-Abandon) project to ask for their community to vote, or even promising some bounty to vote on your platform so they can get listed, pumped the price, then dump and abandon the entire project soon after. Which leave you with non-functioning coins on your exchange. Solution?

Sorry for the delay.
--snip--

I would agree that costing some projects millions of dollar just to be listed is quite unfair as there are lots of micro-project that worth attention but didn't manage to survive due to lack of exchanges for their coin.

Anyway, doesn't an exchange needs certain liquidity, like as a last-reservoir in case of huge loss or account hack or anything else that would be used to reimburse users' fund? I really don't know about this detail, but if I am correct that an exchange need this, will this fund collected from your coin sale?

[nicecrypto]

Nice one, I particularly like this idea "
Listing new coins on the exchange will require a voting process. Unlike other exchanges, alt coins do not have to be in the top few spots to be listed. A threshold will be determined for each round of voting and any coins with enough votes past the threshold will be listed". I also believe it will help other smaller alts in the crypto spaces.

[FyrusPro]

And will it be the same for either market takers and makers?

I'd also like to discuss about your listing mechanism, as convenience as it is for new tokens and coins to be listed merely by votes and by neglecting previous daily volume, it emerges new possible problems to today's crypto situation where ICOs are coming like wild fire. We can assume that PnD (or maybe we should establish a new term called RnA for Raise-and-Abandon) project to ask for their community to vote, or even promising some bounty to vote on your platform so they can get listed, pumped the price, then dump and abandon the entire project soon after. Which leave you with non-functioning coins on your exchange. Solution?

Sorry for the delay.
--snip--

I would agree that costing some projects millions of dollar just to be listed is quite unfair as there are lots of micro-project that worth attention but didn't manage to survive due to lack of exchanges for their coin.

Anyway, doesn't an exchange needs certain liquidity, like as a last-reservoir in case of huge loss or account hack or anything else that would be used to reimburse users' fund? I really don't know about this detail, but if I am correct that an exchange need this, will this fund collected from your coin sale?

Yes, that is correct. A portion of the collected funds will be set aside to provide for liquidity, and another will be designated the exchange reserve fund.

[jaseno76]

as soon as I can join the list can be additional commissions

[FyrusPro]

Nice one, I particularly like this idea "
Listing new coins on the exchange will require a voting process. Unlike other exchanges, alt coins do not have to be in the top few spots to be listed. A threshold will be determined for each round of voting and any coins with enough votes past the threshold will be listed". I also believe it will help other smaller alts in the crypto spaces.

Thank you for the feedback 

[FyrusPro]

as soon as I can join the list can be additional commissions

Thank you for your interest but I'm not quite sure what you meant there.

[JamesR1]

New demo is now LIVE

Price set is too high for demo version .
try to organize well stand giveaway or airdrop to get more testers .
Thanks

[Percayakan]

I have completed the airdrop, but I still do not understand for me to get the token, where I can put the wallet to receive the token?

[FyrusPro]

I have completed the airdrop, but I still do not understand for me to get the token, where I can put the wallet to receive the token?

Thank you for participating.
More instructions will be sent to your email nearing the end of the airdrop event.

[dkbit98]

How do you plan to have sustainable volume,
and what is procedure for new coins to be listed ?

Is there any FAQ, instructions or fees ?

Website is also missing more information and links,
and that is something I would like to see also,
as well as whitepaper.

[durzada]

Fyrus is a trusted exchange platform. every time you have to pay a transaction fee, you will be rewarded at least 80% in Fyrus token with reference to the average price.

[joycigar]

because the project is still relatively new, its information is incomplete for this project, please the theme explain in detail about the project, because I also interested to participate. I will wait for his latest news

[FyrusPro]

How do you plan to have sustainable volume,
and what is procedure for new coins to be listed ?

Is there any FAQ, instructions or fees ?

Website is also missing more information and links,
and that is something I would like to see also,
as well as whitepaper.

Sorry for the long delay, we are currently preparing for the main public token sale launch.

By sustainable volume do you mean how we intend to stay competitive such that traders will trade on our platform? Or do you mean providing liquidity for tokens and coins?

As for the procedure to list new coins, they would be put through multiple levels of checks. This may include interviewing the project's team, getting the community to discuss about the project in a public thread like this one. New coins would also have to pass a set of fraud prevention standards that was drawn from the collective experience of our team and other recognized experts. We intend to be a strong first line of defense to ensure that any malicious or Pump and Dump coins do not get listed.

Only after the new coins get green lit by both the community and us do we move on the voting process.

As for fees, if you meant fees of the platform, it would be around 0.1% ~ 0.05%, with the exact value being finalized nearing the platform's launch date.

I am not sure what you mean by FAQ, instructions or more information and links? Do let us know in detail what you would like to know.
We will be updating our site soon for the main launch, do take a look to see if you find the information you seek then.

[FyrusPro]

because the project is still relatively new, its information is incomplete for this project, please the theme explain in detail about the project, because I also interested to participate. I will wait for his latest news

Hey there, thank you for your interest. The updated site for the main Public Token Sale event will be up soon, take a look to see if you can find what you are looking for.

[jaksone]

Platfrom projects that very interesting with the cost of almost 0% is expected to attract many crypto players to make transactions in addition to giving up to 80% tokens for them to help the growth of this platform .. good idea