While we're on the topic of the risks of centralized exchanges: what are the possibilities for trading altcoins on the NXT asset exchange?
jl777 is working on getting trustless p2p exchange (atomic crosschain transactions) and a multisignature gateway.
https://nxtforum.org/multigateway-jl777/nxtsubatomic-atomic-crosschain-exchange/https://nxtforum.org/multigateway-jl777/multigateway-status-reports/120/I believe CIYAM's automated transactions (AT) will allow trustless exchange also.
https://nxtforum.org/automated-transactions/information-of-the-at-project/So the possibility of trustless decentralised trading of altcoins is high
But probably not immediately on launch of the AE. But who knows, they might plan a surprise announcement and send everyone crazy
For those who plan to trade, be aware you pay a fee for each buy and sell order you put in (and I think to cancel them). jl777 has developed InstantDEX (Instant Decentralised Exchange) to please the traders with transaction times of 3-5 seconds with fees only needed for successful transactions.
This is in testing at the moment and is built on multisig gateways and AE so they will have to be up and running before this goes live. You will be able to buy shares in InstantDEX on the AE soon after launch.
https://nxtforum.org/instant-transactions/secret-project/It is getting harder to keep up with everything going on in Nxt as it is starting to move very fast! Please correct me if you see an error
I am trying to maintain a thread of all planned asset launches on AE, but I have recived more info so the OP needs updating. I will do this later but you can check current AE launch stats here:
https://nxtforum.org/news-and-announcements/asset-exchange-ipos-launch-day-listings!/
