You have listed AIRcoin on your exchange, without contacting the development team and without our consent. While AIRcoin is an open-source peer-to-peer software, and you are not under license restrictions to not put it on your exchange, doing so without the knowledge of how AIRcoin works is a very bad mistake to make. AIRcoin uses market services to support the exchange rate, and these services are based around trading algorithms. These algorithms work only on liquid exchanges with successful APIs, and they allow the market to move at a fast rate. Without being a longstanding, reputable exchange and without a strong API or assurance of consistency in uptime, we
cannot support AIRcoin on your exchange. It is not possible for us to do so, even if we wanted to.
We ask that you remove the AIR market from your exchange. We will not trade on, support, or recommend your market if you continue to host it, and given the very heavy market-service oriented nature of AIRcoin, this would only result in a lockout with 0 volume for an exchange that doesn't respect the wishes of the development team.
Since AIRcoin uses proprietary high-frequency trading, market making services, and necessitates an extremely good exchange API, being able to trust and have faith and security within the exchanges that trade AIRcoin is paramount to its success as a currency. For now, we can not support AIRcoin being traded on an exchange that we do not have our full faith in, especially if the exchange has added it against our wishes and without contacting the development team.
This is not asked to harm your exchange, but to protect the users of AIRcoin from potential damage and to be able to maintain its service. As no one has put a sell or buy order on the AIRcoin market on your exchange, it should be clear that without the support of the development team, you will not be able to carry AIRcoin successfully.
However, as the exchange grows, matures, and can be trusted to be reliable and professional, we can certainly consider the possibility of adding AIRcoin to Coinpeat. But for now, we ask that you remove it entirely, preferably freezing trading first and then giving a notice to allow users to withdraw any AIRcoin they have deposited into the exchange. Please respond quickly to confirm this message so we can continue.
For now,
we ask users to not make any AIRcoin deposits into this exchange, and to use Poloniex, a comparably more well-established exchange that is trading successfully at high volume. You can find the exchange here:
https://poloniex.com/exchange/btc_air And remind users to be very careful about what exchanges they deposit into, especially for a coin like AIRcoin, where an exchange's reputation is important to the strength of the coin.
- Alexander, Head developer of AIRcoin
