FINALLY- we can now exchange coins between different blockchains

[weidex]

How is this any different as to use the Blocknet DEX, to exchange your funds peer 2 peer? A dApp that's been around for ages.

Nice seeing so much innovation in the DEX field, but you're promoting it as something "new" which I don't see at all.
Hopefully peer 2 peer trading will be used by more and more people in the future, since it's way more secure than sending your funds to a centralized hackable site, haha 

I haven't heard about it till now.
I am not sure how does it work, but it looks like it is using some second layer solution - blocknet  seems like separate blockchain.

Jelly swap is meant to be more simple and to have instant liquidity like multi chain uniswap.
https://app.jelly.market/swap/ETH-TRX

I agree that we need more p2p trading and this is the future.

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[kraikov]

Hey guys, thanks for your feedback and comments. It's very valuable for us. Really!

What we've been trying to build (and hopefully already built) is a way to exchange one asset from network A for another asset from network B (e.g. BTC for ETH). We know that there are a lot of services allowing this - ShapeShift, Changelly etc. Basically the difference is that we allow the exchanging of assets to happen without the need of a trusted party between A and B (i.e. ShapeShift, Changelly).

The beauty of it is that the whole process is mathematically and cryptographically secured. The whole source code is/will be open sourced, so it can be easily verified and thus trusted (or not). Another beauty of it is that if you allow Alice to swap her BTC to Bob's ETH, Alice can now interact directly with an Ethereum dApp using Jelly.

Simple real life example is Compound. You can use Jelly to supply ETH/DAI/WBTC to Compound having only BTC. In the case where one use ShapeShift - you have a lot of additional steps before using Compound for example.

The process is relatively fast (actually as fast as it could be at the moment) and certainly secure. In my personal opinion as a user (not a developer), I think the whole user experience is great even if you are very little familiar with cryptocurrencies/blockchain.

I think that with YOUR help we can build great product that potentially can accelerate the usage of dApps across our community. We would be very happy if you give it a try when the testnet is officially live and give us your precious feedback.

If anyone of you have any kind of questions ( tech or non tech ) please ask I will answer them ASAP.

Also, soon we will make an ANN thread as per your suggestions. Thanks!

[nanaimogold]

I thought I was seeing a lot of shits flying around in your website. It took me a few seconds to realize that they're supposed to be jellies 

We start with Bitcoin, Ethereum and Tron.

I only see Eth and Trx as options, there's no Bitcoin as you mentioned.
Can you also explain to us how your service is different than what Changelly is already offering?

I would like to ask also if we can connect wallet at the same time? Metamask for Eth and Tronlink for Trx for example.

I was about to mention changelly and even shape-shifting. Because thats kind of the services being offered by enjin or imToken2.0. So i dont think the OPs idea is unique perhaps its offered in a different way. I have seen some other swap projects like swapzilla springing up to offer same services too

[Stanlo]

We can exchange coins between different blockchains since day one of cryptocurrencies pal, dex, cex, swaps etc are all already available, even old wallets are now implementing changelly and shapeshift in their wallets now, you can change coins in wallets without moving them out

[X-ray]

I thought I was seeing a lot of shits flying around in your website. It took me a few seconds to realize that they're supposed to be jellies  

We start with Bitcoin, Ethereum and Tron.

I only see Eth and Trx as options, there's no Bitcoin as you mentioned.
Can you also explain to us how your service is different than what Changelly is already offering?

I would like to ask also if we can connect wallet at the same time? Metamask for Eth and Tronlink for Trx for example.

I was about to mention changelly and even shape-shifting. Because thats kind of the services being offered by enjin or imToken2.0. So i dont think the OPs idea is unique perhaps its offered in a different way. I have seen some other swap projects like swapzilla springing up to offer same services too

Well he just elaborate this matter right up there and he is saying that this service didnt involve third parties which basically means that it’s a trustless service. As I can grasp from the explanation it is basically a p2p exchange with extra steps() because transaction will be executed when the required amount meet its criteria for each side while shapeshift is basically an exchange but a lot more simpler just for temporary exchange or urgent matters. Sounds interesting actually if it works just like what I grasped. What baffles me is the availability of the liquidity provider? Is the liquidity provided by the exchange or rely on an individual?

[tima_t]

Hey guys,

We are working on a new dApp which will help you exchange coins between different blockchains. Finally, we made a real implementation of cross-chain atomic swaps and it is working. We start with Bitcoin, Ethereum and Tron. Soon also EOS, NEO, Aeternity. We are determined to solve the interoperability problems between the different blockchains. It's high time to really start using crypto!

We launch on Nov 20th on the testnet.
If you want, you can write down your ETH address and we will send you some testnet tokens to try swap with the dApp.
Feedback is highly appreciated!

https://jelly.market/

What is this? can i send bitcoin to dapps address for another coin or what are you saying? i can insta swap using changelly or shapeshift, i don't understand what you are aiming at

We are aiming to build decentralized shapeshift/changelly.
And yes it will be possible to lend BTC directly in compound in 1 click.
1 Your BTC will be converted to DAI
2 Your DAI will be lended in compound
3 You start earning interest

4 When you decide, you can withdraw your funds.

[tima_t]

I thought I was seeing a lot of shits flying around in your website. It took me a few seconds to realize that they're supposed to be jellies  

We start with Bitcoin, Ethereum and Tron.

I only see Eth and Trx as options, there's no Bitcoin as you mentioned.
Can you also explain to us how your service is different than what Changelly is already offering?

I would like to ask also if we can connect wallet at the same time? Metamask for Eth and Tronlink for Trx for example.

I was about to mention changelly and even shape-shifting. Because thats kind of the services being offered by enjin or imToken2.0. So i dont think the OPs idea is unique perhaps its offered in a different way. I have seen some other swap projects like swapzilla springing up to offer same services too

Well he just elaborate this matter right up there and he is saying that this service didnt involve third parties which basically means that it’s a trustless service. As I can grasp from the explanation it is basically a p2p exchange with extra steps() because transaction will be executed when the required amount meet its criteria for each side while shapeshift is basically an exchange but a lot more simpler just for temporary exchange or urgent matters. Sounds interesting actually if it works just like what I grasped. What baffles me is the availability of the liquidity provider? Is the liquidity provided by the exchange or rely on an individual?

In the beginning we will be the liquidity provider.
Then we will involve group of trusted LPs.
Then anyone with personal computer can be a LP.

How does this work?

1 There is a nodejs script, it is connected with js rpc library to all of the supported blockchains.
2 The LP run this script on his own machine - configure for a given pair, add his wallet and start the script.
3 When someone locks funds and the receiver is the LP => liquidity provider locks funds as well
4 The swap is finalized

The whole process is trustless and depends on blockchain events - cannot be corrupted.

The taker/ user, do not care about these liquidity providers.
He has a pool of them and has instant liquidity.
When he/she wants to swap - the best rate is selected and he/she just clicks swap.

You can read more here:
https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf

[weidex]

As people asked about an official announcement, you can see it here: https://bitcointalk.org/index.php?topic=5200835.0

[weidex]

Almost there - we are focused on final tests and fixes. On Nov 20th the dApp will be available on the testnet for ETH, BTC and TRX. You will be able to try the swaps. In the form below you can provide your ETH address in order to send you some test ETH for swaps on Nov 20th.

http://bit.ly/2Q4bi7Y

[weidex]

Two days left!

Join our #bounty on Nov 20th and win $15! 🚀🚀
👍 Follow us on Twitter https: //twitter.com/jelly_swap
💬 Join our Discord https: //discord.gg/3fCbp9U
🔃 Swap:
✅ go to the dApp https: //app.jelly.market/
✅ connect your wallets to start
✅ a pop-up will appear to tweet your ETH address automatically
✅ you will receive testnet ETH
✅ finish the Swap and win 5$
📢 Leave feedback http: //bit.ly/37fMDDL and win 10$

‼️For all the early birds - register here to be among the FIRST who will receive testnet ETH on Nov 20th. Swap and Win 🥳 http://bit.ly/2XlI46k

[Mammothcoin]

Atomic swaps are a necessity within the cryptocurrency space.  I took a look at the ETH-TRON swap page and I must say I like the way it looks: neat and easy to use.  Since it's just blockchains interacting,  will Jelly charge for facilitating transactions or how does it intend to be profitable?

[DaMut]

Atomic swaps are a necessity within the cryptocurrency space.  I took a look at the ETH-TRON swap page and I must say I like the way it looks: neat and easy to use.  Since it's just blockchains interacting,  will Jelly charge for facilitating transactions or how does it intend to be profitable?

They do not charge the fee but they are gaining profit from the spread. you can read their whitepaper to know more about the ecosystem.
I think the team needs to update their website by adding a live update of the price.
for example like this
ETH/TRX 10037.249572(it is automatically changing whenever the spread changes).

[samuraijin]

Hey guys,

We are working on a new dApp which will help you exchange coins between different blockchains. Finally, we made a real implementation of cross-chain atomic swaps and it is working. We start with Bitcoin, Ethereum and Tron. Soon also EOS, NEO, Aeternity. We are determined to solve the interoperability problems between the different blockchains. It's high time to really start using crypto!

We launch on Nov 20th on the testnet.
If you want, you can write down your ETH address and we will send you some testnet tokens to try swap with the dApp.
Feedback is highly appreciated!

https://jelly.market/

just a few questions, is here SWAP automatically or manually? because I am worried about changes in the price rate some time waiting for payment to be sent and received, if it is done automatically I will try another time, I have never tried the SWAP site in the crypto world, does it look safe

[jacafbiz]

This is more like Shapeshift, than Atomic swap, though I would love to see your Github depositories, if it is like Shapeshift then nothing new IMO, it is just like using different exchange liquidity in the background for the swap. A lot of work is on going with Atomic swap but none as really gain great user traction

[target]

So you are releasing another token for this Jelly.market, what about the weidex token you did release back then where you guys didn't distribute to the bounty participants yet?  You were operating with weidex for a long time already. I thought you took advantage of the participants and you might just took advantage again for this jelly.market when its not a very unique project at all.

[tima_t]

Atomic swaps are a necessity within the cryptocurrency space.  I took a look at the ETH-TRON swap page and I must say I like the way it looks: neat and easy to use.  Since it's just blockchains interacting,  will Jelly charge for facilitating transactions or how does it intend to be profitable?

As one of the liquidity providers Jelly can put some small spreads.
However everyone can be liquidity provider so this is not a reliable business model.
The main income stream will be from swap fees. It will be on protocol layer (smart contracts) - the fee will be 0.03% or less and will be divided between the Jelly foundation and liquidity providers.

[weidex]

So you are releasing another token for this Jelly.market, what about the weidex token you did release back then where you guys didn't distribute to the bounty participants yet?  You were operating with weidex for a long time already. I thought you took advantage of the participants and you might just took advantage again for this jelly.market when its not a very unique project at all.

We never released a weidex token neither we will have a jelly token. It is absolutely pointless to create more useless tokens - we had enough in the crypto space already. The swap will work just perfectly without a jelly token. We are putting all our effort into the Jelly project now. We start the bounty on Nov 20th and this time we will pay in DAI right after a participant makes a swap as it is described in the rules. You can try it yourself.

[danielchris]

I think it's a great idea for good earnings in future & calling for much more people for investment.

[nanaimogold]

We can exchange coins between different blockchains since day one of cryptocurrencies pal, dex, cex, swaps etc are all already available, even old wallets are now implementing changelly and shapeshift in their wallets now, you can change coins in wallets without moving them out

Rightly put. As observed in imtoken, eidoo, Enjin and a host of others. I hope the Ops shill don't just have the swap utility as its only usecase. If it is, then it should be fast, very secured and very cheap to survive the competition offered by other strong options

[target]

So you are releasing another token for this Jelly.market, what about the weidex token you did release back then where you guys didn't distribute to the bounty participants yet?  You were operating with weidex for a long time already. I thought you took advantage of the participants and you might just took advantage again for this jelly.market when its not a very unique project at all.

We never released a weidex token neither we will have a jelly token. It is absolutely pointless to create more useless tokens - we had enough in the crypto space already. The swap will work just perfectly without a jelly token. We are putting all our effort into the Jelly project now. We start the bounty on Nov 20th and this time we will pay in DAI right after a participant makes a swap as it is described in the rules. You can try it yourself.

You mean to say those who promoted your weidex exchange wasted their time promoting it and you just give nothing to them while its now operating?
Don't you think that is a bit of a scam?  Believe it or not its going to hunt you project for the rest of its time including this jelly.market, you may not even see someone joining the campaign for this one. This jelly.market is nothing but a redundant project of someone else.