[ANN] DynX Decentralised Exchange based on BitShares - no KYC required

[dynx]

We would like to start by thanking all the users that took the time to test our platform and sent us feedback regarding their experience.
This feedback is extremely valuable to the project.

A big thank you to you all!

3 weeks have passed since the testnet beta version launch and we couldn’t be more happy with our results so far.
Our community has grown more than we were expecting at this point and we now have a twitter page with 290+ followers, a Discord server with 70+ members, and accordingly to our Google Analytics account, DynX has users from all around the world on a daily basis. This results are promising, especially taking in consideration that all of this is organic, without any paid media.

Based on the feedback provided by the community and our internal testing, we have discovered some issues that we are already solving. These issues might delay our mainnet launch by 1 week, but on the other hand, it will make the platform more secure for everyone.

So this is something we can accept gladly, and hopefully you too.

Based in our transparency policy and without compromising the security of the platform, we can say that we will be working on:

• Backend Wallet security improvements
• Database ORM fixes

Some users also suggested minor changes in the design of the platform and we will act on that feedback to improve our user interface.

In summary:

• Some issues were found that might delay the launch by 1 week.
• Feedback was received to improve the UI, we will take advantage of this time to launch mainnet with this improvements already deployed.

Online poll update:
Our online poll to decide the fourth base pair of the platform is reaching numbers above our expectations in this 3 weeks. We now have more than 3600 votes, which corresponds to an average of 144 votes per day.
Amazing!!
Litecoin Cash and Reddcoin are the 2 most engaged communities in this poll with more than 60% of the total vote count.

Some users from the community are concerned that any of this projects might be creating fake Gmail accounts to keep the votes rolling. Without proof, we can’t act on any of this complaints. But we can leave here a fair warning to the winner:
Fake votes might serve your purpose on the short run, but will do nothing in the long run. If the winning project of this poll does not have relevant trading volume on DynX, we will remove the listing and give a chance to the second winner. If the same thing happens to the second winner, we will create a another poll.

Mainnet launch was supposed to be the deadline for the end of this poll. Since we are planning to delay the launch to the second week for March, we want to give fair warning to all the interested parties that the end of the online poll will not be delayed.

As planned, the poll will close at  the first hour of the 1st of March. (WET timezone.)

Do you have any feedback to share with us? Here’s where you can find us:

• Discord: https://discord.gg/K4vkkx3
• Telegram: https://t.me/dynxgroup
• Email
• Support Ticket: https://support.dynx.io/

Sincerely,
DynX
 

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[Miguelpt]

Houston we have Lift-off!



Today we are taking another important step in DynX history. After months of developing and testing, we are finally ready to launch DynX platform in Bitshares mainnet blockchain.

This is it. Are you ready to join us in this adventure?

We want to start by sharing the list of assets available on DynX:

Base pairs:

• Bitcoin
• DigiByte
• Polis
• Litecoin Cash - Winner of the base pair competition.
• BTS

Regular assets:

• Litecoin
• Verge
• Snowgem
• Vertcoin
• Ravencoin
• Doge
• Dash
• Myriad
• Bitcoin Gold
• Reddcoin
• Bitcoin cash
• Pivx
• Zcoin
• Smartcash
• Zcash
• Groestlcoin

Note: We will continue to add new markets to the list based in our community requests, and applications sent by coin developers.

Listing process:

To get to know more about the listing process, please click here. Be aware that we do not ask for any payment for listing assets.

Projects will be listed in DynX based in meritocracy and community.

Trading fees:

As you already know, we believe that trading fees should be fair, that’s why we have defined all market fees at 0.1%.

This will not change until we launch our innovative fee structure, that is designed to benefit the communities of each project. But one thing is certain, the fees will not be higher than 0.1%.

Feedback and suggestions:

DynX is a project 100% focused on the community, therefore, if you have any suggestions or feedback to share with us, feel free to join our discord or telegram group and chat directly with our team. Our roadmap is not set in stone and will be adapted if the community feedback point us in that direction.

Come meet us!

Next developments:

Now that the DEX phase 1 development is finished, we already started to develop the support for ETH and ERC20 tokens. This will give us the capability to support many tokens that will improve our ecosystem. (AKA - Cryptosphere)

Check our entire roadmap here.


Giveback to the community

To say that we are 100% community oriented it’s not just about fair fees, it’s also about giving back to the community.
After the ETH/ERC20 development, we will develop a tool that will allow us to airdrop a percentage of our profits back to the community.

The more we earn, the more you earn!

More info about this soon.

What makes DynX unique?

Funding: No ICO. Self funded.

• We are a lean team of 3 members that started to work in Crypto in late 2017 with the launch of the mining pool service multipools.club. In this short amount of time we had more than 18000 registered miners, a happy community and a top notch service with 99% uptime. Now we are committed to take our community to the next level with the launch of DynX. All the costs are 100% funded by the team, without any ICO or any other funding method.

Our competitive advantage.

• Our vast knowledge of the blockchain space is a great asset and its fundamental for the success of this project. We have grown in the PoW altcoin space and from there we were able to get the technical skills necessary to develop a project of this magnitude. Our team is in constant communication with several communities, which allow us to understand their needs and act accordingly.
  Our main goal is, and will always be, to deliver value to all communities where we are involved.

Long term vision:

• To create an integrated ecosystem where traders, miners and stakers have common benefits that will help them take their business to the next level.

How can you support DynX?

If you like what you are reading, you can spare 2 minutes of your time to join our live chats and follow our social media.

Social media and chats:

• Telegram
• Discord
• Twitter
• Facebook
• Instagram

If you are loving it, you can go 1 step further and register a new account on BitShares using DynX platform and use that account to trade your favorite altcoins.

Full disclosure: If you use an account registered on DynX, you will give us a percentage of the fees paid in BTS to the network.

This can be your indirect way to support our team without spending any extra money.

Is there any other way to help the community at the moment?

• The time has come to suggest/apply ERC20 tokens. This feature is under development but you can start sending your suggestions, or if you are a developer, apply!!
• Suggest/apply new assets to list on the DEX now.
• New account on Bitshares and trade
• Give us your feedback/ideas that you would like to see developed.

Let’s go on this journey together?

[tperalta82]

Yey,
Another DEX on BTS \m/

[dynx]

Based on our 100% transparency policy we have an update to the community.

At this moment we are facing an issue with the MAX supply of some of the assets created in the Bitshares blockchain. This issue occurred due to the precision of the assets. We have created the assets with the precision of 8 decimals, and with this precision the max supply allowed is only 10M coins. Well, this represents an issue for assets with large MAX supplies.
This problem would not affect the community in the short run, but it’s better for the community to address the issue now, while we are still launching, than later, when the community is bigger and we need to hassle  thousands of users with platform issues.

So, after careful consideration we will edit more assets than we probably need to make just that this issue will never happen again.

We hope you guys agree with our decision.

Will this affect your assets?

First of all we want to guarantee that this issue, and the solution, will NOT affect the users funds and nothing will be lost.

Why do you need to create a new BTS asset?

Bitshares does not allow to change the precision of an asset after creation, and we need to change the asset precision ir order to increase the max supply of the UIA asset in BitShares Blockchain.

It works like this:

• 8 decimals precision - Max supply allowed: 10M coins
• 7decimals precision - Max supply allowed: 100m coins
• 6decimals precision - Max supply allowed: 1B coins
• 5decimals precision - Max supply allowed: 10B coins
• 4decimals precision - Max supply allowed: 100B coins
• 3decimals precision - Max supply allowed: 1000B coins

What will happen now?

Scenario A:

• Assets with funds from users.
• Gateway will be closed for deposits and withdrawals.
• New assets will be created to replace the current asset.
• • Example: DYNEX.DGB will be replaced by DYNEX.DGBX (On the user interface you will continue to see “DGB” on most of the UI menus, although the real Asset will be DGBX)
• The same amount of coins will be issued for the user in the new asset.
• The old asset will be blacklisted and can not be traded.
• Open orders created in the old asset will be useless and users will need to add new orders. Sorry.

Assets affected by scenario A:

• DGB
• LCC
• DOGE
• RDD
• Smartcash

Scenario B:

Assets without funds from users:

• Gateway will be closed for deposits and withdrawals.
• New assets will be created to replace the current asset.
• Example: DYNEX.DGB will be replaced by DYNEX.DGBX
• The old asset will be blacklisted and can not be traded.

Assets affected by scenario B:

• XVG
• XSG
• VTC
• RVN
• XMY
• BCH
• PIVX
• GRS

And the other assets?

The other assets are not affected by this and are working perfectly. You can trade, deposit and withdraw.

Assets not affected:

• BTC
• POLIS
• LTC
• DASH
• BTG
• BCH
• Zcoin
• ZEC
• BTC

How long will it take to fix the problem?

We are working around the clock to have this fixed as soon as possible. It’s our top priority at the moment.
We will let you know when the issue is solved and everything is up and running again.

Thank you for understanding.

Regards
DynX
100% transparency policy.

[dynx]

New UIAs update:

We are happy to inform that the new UIAs are created and the correspondent assets have been issued to all the holders of the previous UIAs.
All users can now confirm their assets and, if needed, contact support. We’re are available to resolve any possible issues.

The old UIAs are now blacklisted and can not be traded.

Trading, deposits & withdrawals are now back to normal in all markets.

We apologize for the inconvenience.

Happy trading!

Best regards
DynX
100% transparency policy.

[germsite]

Is this exchange fully decentralized or are there some backdoors where the developers still have some control left?

[dynx]

Is this exchange fully decentralized or are there some backdoors where the developers still have some control left?

Hello,

We have the same integration has the other BTS gateways. Feel free to contact-me directly if you have any other questions.

https://discord.gg/K4vkkx3 -> I'm the admin "Miguel"

Thank you

[dynx]

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:

• Telegram
• Discord
• Twitter
• Facebook
• Instagram

[konstant111]

This is excellent, but the start of the project was a long time ago and to assert that either, I think people are interested to know what list of works you have done during this time, sincerely thank you

[dynx]

This is excellent, but the start of the project was a long time ago and to assert that either, I think people are interested to know what list of works you have done during this time, sincerely thank you

Hello,

First of all thank you for reply and interest in our project.

Yes, we have started the development of the project months ago and this time was spent on developing the gateway and the the features necessary for a safe and secure platform.

I would like to invite you to check our blog and see all our announcements and when they were done.

At this moment we are currently developing the support for ETH and ERC20 tokens in the platform.
Next development is the tool that will allow us to airdrop a portion of the fees generated in the platform back to the community. No strings attached.

If you would like to know more about the project, join our social media and/or chats. Or simple ask your questions here.

We are 100% community oriented and have all the pleasure in keeping you updated.

• Telegram
• Discord
• Twitter
• Facebook
• Instagram

[dynx]

DynX Developers fund initiative.

We are a project 100% community oriented and committed to give back to our community. With this in mind, we are starting our Developer fund initiative.

This initiative aims to support projects listed in DynX that are self-funded, rely on donations to keep the development, have an engaged community and a proven track record of active development.

What is the developer fund initiative?

• DynX commits to donate a percentage of the market fees of the asset in question to the development team of the approved projects.

How much will be donated?

• The more we earn with the market fees of the project, the more the developer team will get donated.

The structure will consist in 3 levels:

• Click here to check the detailed table

Note: All values in USD based in CoinMarketCap asset value on the last day of each month

Example: If the asset DYNEX.XPTO generated 5M USD trading Volume in June, they will receive a donation XPTO valued in 500USD

Donations:

• Donation level and amount will be calculated using the stats from a BitShares block explorer at the end of each month and sent to the developer team right after.
• We will sum the monthly volume off all the active markets of the asset and calculate the donation from there.
• The txid and the donation amount will be shared with the community via our Blog and social media.
• The donation will be made in the asset in question.

With this project success we are creating a win-win-win situation for all the community:

Partner project team:

• Will be able to receive more donations and keep developing the project.

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.

How can a project apply for this initiative?

• Any person can apply a project for this initiative. Remember, this is a community based initiative. So, even if you’re not part of the team, you can start the process.

Contact our support team using any of the available methods to start the process.

• Email from on the website
• Support tickets
• Discord
• Telegram

The project i want to add is not listed in DynX. Can we apply?

• Yes. If the project is not on DynX, we can evaluate the Listing and the approval on the Developer fund initiative

Factors considered to be approved:

Premine:

• Altcoins without premine will be favored. If you project has a premine, you need to show us that the funds were put to good use.

ICO/IEO or similar:

• This type of projects are not allowed. They will be automatically rejected.

Donations based

• Projects that have a track record of how they spend their donations will be preferred.

Community:

• We will check the community feedback, engagement & growth. This will give us a good insight about the developer team commitment.

Github:

• To have an active github is a great indicator that the project is being developed and that the funds delivered will be put to good use

DynX:

• After checking all the topics above, we will decide if the project is fit to be a part of the developer fund initiative.
• Our decision is final.

Community feedback:

• If you have any feedback to share about this initiative, feel free to contact us on the usual spots:
• • Discord
• • Telegram
• • Twitter

Let’s grow together?

Sincerely
DynX - The decentralised trading experience.

DynX reserves the right to change the terms & conditions of this initiative at any give time.
By applying to this initiative, you are automatically accepting this terms and conditions.

[dynx]

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.

• Discord
• Telegram

Together we are stronger!

Thank you,

[germsite]

Is this exchange fully decentralized or are there some backdoors where the developers still have some control left?

Hello,

We have the same integration has the other BTS gateways. Feel free to contact-me directly if you have any other questions.

https://discord.gg/K4vkkx3 -> I'm the admin "Miguel"

Thank you

That means there are placeholder assets and it is centralized to some degree correct?

[Miguelpt]

Is this exchange fully decentralized or are there some backdoors where the developers still have some control left?

Hello,

We have the same integration has the other BTS gateways. Feel free to contact-me directly if you have any other questions.

https://discord.gg/K4vkkx3 -> I'm the admin "Miguel"

Thank you

That means there are placeholder assets and it is centralized to some degree correct?

Correct. as long as there is a gateway there is some degree of centralisation.

Is there anything else we might help you ?

[dynx]

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

[dynx]

We are happy to inform the community that RAVENCOIN is now approved to our developer fund initiative.

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

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

This is a win-win-win situation to all of us.

• RVN 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.
Discord
Telegram

## Together we are stronger!

Thank you,

[metalero27]

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?

[cuoicuoiyeu]

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?

[fomkon63]

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

[purely]

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?