[ANN]pukkamex; setting the gold standard for the exchange of the future

[AmoreJaz]

Perfect, cause you know, cold wallets are always much more secured, so especially important on trading platforms. And as far as I understand, in this case withdrawals may take a bit more time to get processed, right?

Yes, you are right.  As they stare everything on cold wallets, their withdrawals are processed manually. According to White Paper, all withdrawals are processed at 12pm GMT. Any withdrawal request submitted after the processing time is postponed to the next processing time

that might pose an efficiency failure for some users. they should be clear about this set-up to all their potential users. so being the gold standard for an exchange might not be appropriate here.
most exchanges are already having instant withdrawals. though this platform are using cold wallets for security purposes, is there other option to secure your exchange other than this? this might not attract users that are always on the go.

[buzcarn]

I wonder - are the guys using artificial intelligence in pukkamex ecosystem? Cause in my opinion, this may also be pretty interesting for traders

This is indeed an interesting question. As far as I know, they do not provide trading or financial advice and they do not use AI for trade recommendations. In my opinion, pretty rational as trading is always up to trader

[greelzs]

This is indeed an interesting question. As far as I know, they do not provide trading or financial advice and they do not use AI for trade recommendations. In my opinion, pretty rational as trading is always up to trader

Agree with you in general. So there are no plans to implement AI or machine learning to optimize some processes later?

[buzcarn]

Agree with you in general. So there are no plans to implement AI or machine learning to optimize some processes later?

As far as I know, not for now. But what they do have is a fully automated copy trading funcionality, a very convenient feature

[sarrpora]

And can you please let me know more about the copy trading? How exactly does it work?

This is for sure an interesting question. With their copy trading platform you can copy top traders from the leader board in return for a percentage share of the profit you made. And the platform does everything for you, all you have to do is follow your favorite trader

[sarrpora]

Hmm, that sounds very interesting. But how is the commission defined? Is it fixed?

Nope, it is not fixed. Every trader will set his/her own fees and it will be available for users before they follow, so everything must be very transparent

[sarrpora]

Sounds bold. And every user will get an opportunity to use the feature, right? Cause I believe it to be very convenient one, especially for the beginners

That is correct Every pukkamex user can copy top traders But to be eligible for a top trader spot you must meet some requirements and get approved by the team

[sarrpora]

Hello there again everyone! If possible, also a few question regarding the features, being available for traders within pukkamex

Good afternoon! For sure will try to clarify that for you - what exactly about the features you wanna know? And which features exactly?

[sarrpora]

I wanna know more about orders type. Cause you know, on leading platforms there are some very convenient features like stop limit etc. So curious to know whether any are available on pukkamex

Oh, this is indeed an interesting question. As far as I know, they have all 4 main convenient order types. Market order, limit order, stop market and stop limit

[sarrpora]

Sounds great! Sorry for clarifying, but what limit order stays for? Just to make sure I understand it correctly

An order that is executed at a predetermined entry price for a specified amount set by the trader, limit orders are entitled to a maker’s rebate

[greelzs]

Good afternoon everyone, how are you guys all doing today? If possible, wanna clarify about the trading pairs. Is anyone here today?

[buzcarn]

Good afternoon everyone, how are you guys all doing today? If possible, wanna clarify about the trading pairs. Is anyone here today?

Afternoon greelzs, doing fine, how about you? By the way, more and more people are joining the thread, nice to see new faces! What exactly are you wondering about the trading pairs?

[greelzs]

Afternoon greelzs, doing fine, how about you? By the way, more and more people are joining the thread, nice to see new faces! What exactly are you wondering about the trading pairs?

Oh yes, I have also noticed that attention towards pukkamex is growing every day. As for trading pairs - curious to know, are there many available on pukkamex, are you aware?

[buzcarn]

Oh yes, I have also noticed that attention towards pukkamex is growing every day. As for trading pairs - curious to know, are there many available on pukkamex, are you aware?

This is an interesting question indeed. They will start with BTC and ETH and more will be added at a later stage down the roadmap. In my opinion, this must help to organize the process better and to make everything more advanced

[greelzs]

This is an interesting question indeed. They will start with BTC and ETH and more will be added at a later stage down the roadmap. In my opinion, this must help to organize the process better and to make everything more advanced

I see, makes sense. And is there already any info on which ones exactly will be added? Or this is yet to be decided?

[buzcarn]

I see, makes sense. And is there already any info on which ones exactly will be added? Or this is yet to be decided?

If I am not mistaken, there is a following section in the White Paper, so you can have a look at it right there By the way, a lot of useful info available there also

[greelzs]

Afternoon there everyone. Another thing I have discovered today is the liquidation engine. Has anyone of you heard of it?

[sarrpora]

Afternoon there everyone. Another thing I have discovered today is the liquidation engine. Has anyone of you heard of it?

Hmm, it seems that I have, but cannot remember for sure what it stays for. Can you please provide more details on what it stays for?

[greelzs]

Hmm, it seems that I have, but cannot remember for sure what it stays for. Can you please provide more details on what it stays for?

Yes, of course. At pukkamex they liquidate positions incrementally such that a portion of the position will be liquidated ensuring that position margin is equal to required maintenance margin. In my opinion, must be extremely comfortable for the traders

[sarrpora]

Yes, of course. At pukkamex they liquidate positions incrementally such that a portion of the position will be liquidated ensuring that position margin is equal to required maintenance margin. In my opinion, must be extremely comfortable for the traders

Seems so. And as far as I understand, as such the traders can still make money if the asset is to move in their favour after touching liquidation price