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Question: Do you need a Shitcoin DEX - a place to exchange shitcoins and to generate your own?
No, no one trades shitcoins
Yes, I will exchange some shitcoins that I have from failed bounties
It will be fun to create and list my own shitcoin

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Author Topic: Shitcoin DEX soon  (Read 292 times)
weidex (OP)
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August 05, 2019, 11:16:43 AM
 #1

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?
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VanDeinsberg12
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August 05, 2019, 11:42:46 AM
 #2

It's not so bad to try that but which coin that will be categorized as a shitcoin? i hope that you will not put scam coin in your site.
But i doubt if there will be a lot of people will try to buy those shitcoins.
But you must try to create a polling for that.

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August 05, 2019, 12:04:54 PM
 #3

Nothing new there are countless " dexes" and centralized exchanges out there, 99% of them fake their volumes in addition. I personally do not understand how teams and investors are still doing new exchange projects, i dont understand how they plan to make money in this market.

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August 05, 2019, 12:12:34 PM
 #4

Most of the decentralized exchanges trade shitcoins anyway- just take a look at forkdelta for example, and they are "decentralized'. Not a bad idea though, It will be better to devote resources to projects that are worthwhile,a decentralized exchange that can really make DEX attractive to all.Another shitcoin dex won't do that.
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August 05, 2019, 01:33:02 PM
 #5

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?

Your news was not new here mate, it is already happened a years now. Just like in Yobit, Etherdelta, Mercatox, almost majority of the coins listed to these platform are shitcoins to be called. Only few of the altcoins are not shit just like etherum, litecoin, Dash, Xmr, Xrp, xlm, and Bch. By the way where is the link anyway that you are talking about here dude.
weidex (OP)
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August 05, 2019, 01:44:57 PM
 #6

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?

Your news was not new here mate, it is already happened a years now. Just like in Yobit, Etherdelta, Mercatox, almost majority of the coins listed to these platform are shitcoins to be called. Only few of the altcoins are not shit just like etherum, litecoin, Dash, Xmr, Xrp, xlm, and Bch. By the way where is the link anyway that you are talking about here dude.

I will provide the link when the DEX is ready, it will be soon.
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August 05, 2019, 01:47:01 PM
 #7

You will realize how difficult it is to promote a new exchange when you have your own exchange.

You could list shitcoins to attract attention to your exchange but you'd be disappointing users after that though and when that happen there is no assurance if your weidex will still be remembered to be a good exchange. Forkdelta will only be remembered when users are about to dump tokens only listed over there.

weidex (OP)
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August 05, 2019, 02:26:54 PM
 #8

You will realize how difficult it is to promote a new exchange when you have your own exchange.

You could list shitcoins to attract attention to your exchange but you'd be disappointing users after that though and when that happen there is no assurance if your weidex will still be remembered to be a good exchange. Forkdelta will only be remembered when users are about to dump tokens only listed over there.

The thing is that the two exchanges will be completely different. weiDex is the main exchange on which we are working hard - we review each coin before being listed so to avoid scams and we also try to provide liquidity. Whereas on Shitcoin everyone can create, list and trade - no submission forms, no review period, no permissions needed. You can create your own ERC20 token and directly list it to the exchange. Anyone can do that - it is completely decentralized. You can even do it for the fun- just shit your coin there. 
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August 05, 2019, 02:56:16 PM
 #9

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?

Personally, I don't have anything against shitcoins. They represent the time and effort spent by a lot many people. You know.... there are people with weird fetishes around the world... For example, I have heard about middle aged Japanese men who collect used panties. In Japan, there are even vending machines which dispose this stuff. You can find similar weird stories all over the world.

There may be individuals with a fetish for shitcoins. These guys can take advantage of the shitcoin DEX, and immerse themselves in the ecstasy of shitstorms. A Shitcoin DEX can even become a meeting place for all the shitcoin lovers around the world. This may include shitcoin collectors, shitcoin developers and even bounty hunters who receive shitcoin as their reward.
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August 05, 2019, 03:01:56 PM
 #10

This is also a good idea. The thing that does it is quite difficult. I think it would be good to have such a trading floor, but most people will focus on selling the shitcoin they earn, few will spend money to buy them. So it will become a dead trading exchange
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August 05, 2019, 03:16:48 PM
 #11

As I saw above, this will be for ERC20 tokens. But in this case there is Etherdelta / Forkdelta.
Now there are many new projects on the platforms TRON, Stellar, Binance. Many of these tokens in the future will turn out to be shit, its even more likely than in 2017-2018. At the same time, Ethereum is losing its share for new tokens. Maybe you should consider this fact.

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weidex (OP)
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August 05, 2019, 03:25:00 PM
 #12

As I saw above, this will be for ERC20 tokens. But in this case there is Etherdelta / Forkdelta.
Now there are many new projects on the platforms TRON, Stellar, Binance. Many of these tokens in the future will turn out to be shit, its even more likely than in 2017-2018. At the same time, Ethereum is losing its share for new tokens. Maybe you should consider this fact.

Yes we realize that and we are now working on Atomic Swap Widget.
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August 06, 2019, 04:36:30 PM
 #13

You will realize how difficult it is to promote a new exchange when you have your own exchange.

You could list shitcoins to attract attention to your exchange but you'd be disappointing users after that though and when that happen there is no assurance if your weidex will still be remembered to be a good exchange. Forkdelta will only be remembered when users are about to dump tokens only listed over there.

The thing is that the two exchanges will be completely different. weiDex is the main exchange on which we are working hard - we review each coin before being listed so to avoid scams and we also try to provide liquidity. Whereas on Shitcoin everyone can create, list and trade - no submission forms, no review period, no permissions needed. You can create your own ERC20 token and directly list it to the exchange. Anyone can do that - it is completely decentralized. You can even do it for the fun- just shit your coin there. 
 

Kind of what Binance is doing. They created their Binance DEX to screen the best coins to be listed on their main Binance exchange. But if you are just going to list shitcoins like you said, then they're all not going to be listed to your weidex after all you just called them shitcoins.

Is it possible to just partner up with existing shit exchange?

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August 06, 2019, 04:39:27 PM
 #14

I would like to know more about this coin. How will it be different? And whether it is connected somehow with DEXes?
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August 06, 2019, 04:43:32 PM
 #15

Hi guys,

we are about to release a decentralized Shitcoin DEX soon. It will be a completely decentralized exchange where you can trade shit coins, create a new one and list it to the platform. It comes with user-friendly interface. What do you think? Would you enjoy such a crypto shitstorm?
The question is, there would be someone who would tend to use it up? This is the hardest part of an exchange where they do have a hard time on finding users.
Hence, trading up shitcoin can get up some traction yet even these coins do have low value but there are traders would consider it out.

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August 06, 2019, 04:44:09 PM
 #16

Such place exists already and it is called forkdelta or etherdelta. Those decentralised exchanges have trading volume on almost every single token, so you can exchange those tokens that are burning a whole in your wallet.

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August 06, 2019, 09:41:46 PM
 #17

Create a new one? so your DEX will allow someone who doesn't have knowledge about crypto to build his own token? I think that kind of feature isn't needed, if you become popular this will allow people to reproduce useless alts.

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weidex (OP)
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August 07, 2019, 07:08:19 AM
 #18

You will realize how difficult it is to promote a new exchange when you have your own exchange.

You could list shitcoins to attract attention to your exchange but you'd be disappointing users after that though and when that happen there is no assurance if your weidex will still be remembered to be a good exchange. Forkdelta will only be remembered when users are about to dump tokens only listed over there.

The thing is that the two exchanges will be completely different. weiDex is the main exchange on which we are working hard - we review each coin before being listed so to avoid scams and we also try to provide liquidity. Whereas on Shitcoin everyone can create, list and trade - no submission forms, no review period, no permissions needed. You can create your own ERC20 token and directly list it to the exchange. Anyone can do that - it is completely decentralized. You can even do it for the fun- just shit your coin there. 
 

Kind of what Binance is doing. They created their Binance DEX to screen the best coins to be listed on their main Binance exchange. But if you are just going to list shitcoins like you said, then they're all not going to be listed to your weidex after all you just called them shitcoins.

Is it possible to just partner up with existing shit exchange?

On Shitcoin DEX we are not going to monitor the listing process. So at the end all kinds of coins can be listed - shits or not shits - every ERC20 can be listed.
weidex (OP)
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August 07, 2019, 07:12:33 AM
 #19

I would like to know more about this coin. How will it be different? And whether it is connected somehow with DEXes?


There will be no coin, just a DEX where you can list any ERC20 token at any time - no submission forms, no review period, no permissions needed. No one will monitor the listing process. And there will be this feature where you can generate your own ERC20 token and list it.
Additional benefit:
-the taker pays 0.2% of the transaction
-the market maker is paid 50% from the fee
weidex (OP)
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August 07, 2019, 07:19:37 AM
 #20

Such place exists already and it is called forkdelta or etherdelta. Those decentralised exchanges have trading volume on almost every single token, so you can exchange those tokens that are burning a whole in your wallet.

Here are the main differences:
1. better and easy-to-use interface - we will provide a link soon
2. Market Makers do not pay fees.
3. Referral system - the taker pays 0.2% of the transaction
                              ✔️ the market maker is paid 50% from the fee
                              ✔️ invite a friend by your referral link and get 20% from his exchange trading fee
                              ✔️you can receive up to 70% rewards from trading fees.

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