A New DEX (more decentralized than binance at least).

[llustosa]

I've been developing a new blockchain for more than a year. We are approaching our private net launch(testnet is stable for some months) but we couldn't get community attention. Our project is totally bootstrap, beacause we beliave that we need to prove ourselves before asking for something. We are defining our launch strategy now, so I want to open a discussion about it hoping to get some feedback.



The Bizanc blockchain was developed to enable a trully decentralized exchange, aiming to solve the current exchange market biggest problems. Only the user can control his funds, order matching is on chain, anyone will be able to list a new asset, in a transpatent enviroment. And we hope to connect diferent exchanges, consolidating liquidity.



Today we support bitcoin, ether and ERC20 tokens. You can deposit BTC from testnet(Electrum) and Ether from rinkeby(Metamask) to trade in our testnet (you can check it on https://bizanc.io/explorer/ ). Or you can Mine Biz, the blockchain coin (to run a node https://github.com/bizanc/Bizanc.io.Core ).



We implemented an airdrop, but it's not officialy lauched because still on testnet, but if anyone want to try https://bizanc.io/airdrop .



To enable decentralized asset listing, each asset (BTC, ETH, etc) has a pair only with Biz. So if you want to trade BTC for ETH you need to sell BTC, receive Biz, than buy ETH. The user can pay fees in BTC, ETH or Biz (paying with Biz is cheaper).



For the market to function, a Biz supply is needed. So we will put this initial supply in the market, with a very transparent policy, for something like 1 BTC = 15000 BIZ. The money we get to raise will be used to keep financing the project, and to make arbitrages with other markets and give liquidity to the market. This strategy will be pucloshed before the launch.



So I want to know the community opinion about this strategy and I'll be glad to answer any questions.

[1715000995]

1715000995

[septi.JR]

this is one of the new DEX markets, maybe I will trade. we must wait for the real conditions and the transition of daily trading. but most people will prefer binance DEX to be very good

[llustosa]

Yeah, I agree that Binance has a huge advantage. But for me they approach on the DEX is much like EOS, since they don't wanna loose transaction fees. We use PoW and when the mainet goes live, fess will goes to the miner only.
We are launching in a private network because we need to build a network before opening besides thinking it's time to run it with real money.

I would really appreciate yor feedback, if want to test it. You can create a wallet here: https://bizanc.io/wallet/
Post the public key here and I'll sendo some coins(TestNet of course).
But you can withdrawn to a btc o eth wallet.
You can get faucets from: 
https://coinfaucet.eu/en/btc-testnet/
https://faucet.rinkeby.io/
We support deposits with Electrum(TestNet) and MetaMask with Rinkeby(TestNet)

We don't had money for Desing, so our UX is still poor, but we are working on a new one. I'll be glad for any feedback.