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Author Topic: [ANN] DynX Decentralised Exchange based on BitShares - no KYC required  (Read 506 times)
up360247
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July 12, 2019, 05:29:54 PM
 #41

That is, all transactions on the stock exchange are carried out automatically? So you do not require KYC?

How fast will orders be processed?
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Miguelpt
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July 12, 2019, 05:41:55 PM
 #42

As far as I know, the whole essence of decentralized exchanges is in the processing of tokens within one blockchain. How did you implement support for coins and tokens from other blockchains?

Yes, the assets are created in Bitshares blockchain and issued via our gateway

DynX -- The decentralised trading experience - https://dynx.io
Multipools -- The miners choice! - https://multipools.club
nicedave
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July 12, 2019, 05:43:38 PM
 #43

Why did you refuse to hold ICO or IEO? I think the community would support your idea, since you have been working in the field of cryptocurrency for a long time.
dynx
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July 12, 2019, 05:43:57 PM
 #44


Update on Developer fund initiative:

Projects approved:
  • Digibyte
  • Reddcoin
  • Groestlcoin


If you trade any of this assets in DynX, we will donate a percentage of the generated fees directly to the core team of this projects.

Thank you




These are the coins that will be added to your decentralized exchange?

Will you encourage traders for active trading on your exchange?

No.

Currently there are 22 assets listed in the DEX. Please check the platform to see all the assets listed: wallet.dynx.io

Of course we encourage traders to actively trade in the exchange. It's our only source of income.

Thanks
dynx
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July 12, 2019, 05:48:59 PM
 #45

Is your exchange https://wallet.dynx.io/ already working or is it a test mode and it is better not to use it for trading real coins and tokens?

Hello,

Yes, the exchange is live in bitshares mainnet with real coins.

Come join us!

Thank you
dynx
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July 12, 2019, 05:50:56 PM
 #46

How safe is DynX decentralized exchange to use? I give you access to my private key BITSHARES?

Hello,

We do not have access to your Bitshares private keys. They are yours and only yours. If you loose them, there is no way to recover them.

So i believe it's quite safe Smiley

Come test us and find out for your self!

Thank you
trustbytrust
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July 12, 2019, 06:00:55 PM
 #47


We are happy to inform the community that Reddcoin is the first approved project to our developer fund initiative.

This means that from now on, we will share a percentage of all the fees generated in RDD on the DEX.

How much?

It depends on the trading volume, but you can check all the details here.

So, if you are trading RDD, why not migrate a portion of your trading to our markets?

This is a win-win-win situation to all of us.
  • RDD team will be able to receive more donations and keep developing the project.
  • The community will have a place where their trading activities will directly support the project.
  • DynX will be able to grow the community and volume of the DEX.


If you have questions or just want to chat with us, you can find us in the usual spots.



Together we are stronger!

Thank you,


Will you track daily Reddcoin trading volumes on your exchange?
metalero27
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July 12, 2019, 06:20:43 PM
 #48

Where does finance come from for developing a decentralized DynX exchange?

I understand you are forming a fund from the income of the mining pool multipools.club?
cuoicuoiyeu
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July 12, 2019, 06:32:43 PM
 #49


We are happy to inform that ZCL will be listed in the brand new Bitshares based exchange: DynX

For more info, feel free to contact us:



Will you transfer data on daily trading volumes to Coinmarketcap and coingecko?

Do you plan listing on these resources?
fomkon63
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July 12, 2019, 06:49:10 PM
 #50

What is the commission for trading on your exchange? Will there be a commission for the withdrawal of cryptocurrency?

Will I be able to track all transactions through BitShares Explorer?
Miguelpt
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July 12, 2019, 06:56:13 PM
 #51

That is, all transactions on the stock exchange are carried out automatically? So you do not require KYC?

How fast will orders be processed?

Hello,

No KYC.
Transactions are processed in the bitshares blockchain.

Thank you

DynX -- The decentralised trading experience - https://dynx.io
Multipools -- The miners choice! - https://multipools.club
dynx
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July 12, 2019, 08:32:07 PM
 #52

Why did you refuse to hold ICO or IEO? I think the community would support your idea, since you have been working in the field of cryptocurrency for a long time.

We have nothing against projects that are funded with ICOs, IEOs, or any other method, its just not our goal.

Thanks for the idea and believing that we would have support, but we will not do it.

dynx
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July 12, 2019, 11:40:40 PM
 #53


We are happy to inform the community that Reddcoin is the first approved project to our developer fund initiative.

This means that from now on, we will share a percentage of all the fees generated in RDD on the DEX.

How much?

It depends on the trading volume, but you can check all the details here.

So, if you are trading RDD, why not migrate a portion of your trading to our markets?

This is a win-win-win situation to all of us.
  • RDD team will be able to receive more donations and keep developing the project.
  • The community will have a place where their trading activities will directly support the project.
  • DynX will be able to grow the community and volume of the DEX.


If you have questions or just want to chat with us, you can find us in the usual spots.



Together we are stronger!

Thank you,


Will you track daily Reddcoin trading volumes on your exchange?

Hello,

The tracking will be done on a monthly basis. All info is here: https://steemit.com/bitshares/@dynx/dynx-developer-fund-initiative

Thank you
dynx
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July 16, 2019, 10:33:57 PM
 #54



That’s right, it’s true. Today we are launching our new revenue share promotion where we will share 20% of the market fees with all accounts with a Bitshares Lifetime Membership (LTM). We will also enable the “referrer_percent” feature in all accounts created on DynX from now on. Which means an extra revenue stream to LTM accounts that refer new accounts.
Note: The referrer_percent feature will affect only the accounts created from now on. Unfortunately we can not change this feature in the previously created accounts.

How much are we sharing?
LTM accounts can benefit from this promotion by:
Trading DynX Assets:
  • The LTM account will get back 20% of the market fees paid in their trading activities
  • The LTM account will have the normal benefits of this type of account across all the BTS blockchain
Invite new users to create a new account on DynX and make:
  • 10% of their market fees
  • 50% of their BTS fees.

Is there any limit for the amount i can earn?
No, there is no limit. 

Which assets will be available on the promotion?
All of DynX’s created assets!

Is it possible to create a passive income with this promotion?
Yes, it is. When you refer an account, that account will always be your referral and the share of the BTS fees from that account will last forever. The only thing that will end when we close this promotion is the revenue share of the market fees.

How long will the promotion last?
This promotion will last for 30 days, and may or may not be extended. The community will be informed when we remove the “Market fee referral reward” from our assets.

What happens when the promotion ends?
We will remove the revenue share of the market fee and you will keep the “referrer_percent” fees of all the accounts registered using your invite link.

Why is this promotion only for Lifetime Memberships?
There is no option in Bitshares to share revenue with basic accounts. This was the only way we found  to help the growth of the community while sharing profits.

Do i have to pay to have a LTM?
Yes you have. The cost is paid to the BitShares network and the price is: 3031.24 BTS. (aprox 130$)

How do i check my account status and claim my profits?
Simply click on the top right menu and use the “membership stats” and “vesting balances” menus.



Will the revenue earned in this promotion be available immediately?
Yes, The market fee revenue share is immediately available in your “vesting valances” tab.
However, the BTS fees have a vesting period, once it’s over, you can claim your BTS in the same tab.

How do I upgrade my account?
Use the “Membership stats” on the menu described above.

Do i need a different LTM account to use in other Bitshares DEX?
No, the normal LTM account benefits is for the entire Bitshares Blockchain. But the 20% market fees will only be available for the UIAs created by DynX.

Can i use my existing LTM account?
Yes, you can.
You just need to make sure you use the referral link given by DynX to invite new members.

Where can i find the invite link?
The invite link is available on the “Membership stats” page

This is a perfect way to help the growth of DynX white earning a passive income without even have to trade.

Some examples of how some people can benefit from this promotion:

DynX community:
As a part of our community you can also take advantage of this promotion. You already know our platform, our team, our reputation. You can use this new promotion to boost your revenue while inviting your friends to trade on DynX.

DEXbot users:
If you are a DEXbot user, you probably have an LTM account. You’re probably paying 0.2% of market fees without getting anything back. With this promotion you will pay 0.1% market fees and get back 20% of it. It’s a direct cost reduction of 50% + 20% cashback when compared with the average market fees in the BTS ecosystem. And this is just directly talking about your trading activities, if you are able to invite more people to DynX you will make a passive income.

Coin developers:
Core teams of any project listed (or not) in DynX will now be able to create their official account, upgrade it to LTM and make a new income stream to fund their project. It doesn't matter which asset your community is trading. It’s a simple and effective way to get more funding.
Note: The same applies to projects that are approved to the Developer Fund Initiative, you can do both.

Influencers:
If you have a community on Telegram, Discord, Instagram, Twitter, Facebook, Youtube, steemit, medium, etc. and you’re looking for new income streams. This promotion is for you. You don’t even have to trade.
Come chat with us, review our project, and if you like it, share it with your community using your invite link. You can make some money along the way.

Affiliate marketers:
If you work in affiliate marketing, you have a good opportunity to create an excellent marketing campaign by using your referral link. You just need to invest in your LTM account and use your referral link

Together we can take our community to the next level.

If you have any questions about this promotion, feel free to join our discord/Telegram and ask us directly.

We are always available to chat and get your most welcome feedback.

Sincerely,
DynX

Now… the boring disclaimer:
  • DynX reserves the right to change the terms & conditions of this initiative at any given time.
  • By applying to this initiative, you are automatically accepting this terms and conditions.
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