RE: Pre-ICO Overview: WCX

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Pre-ICO Overview: WCX

in cryptocurrency •  8 years ago 

How does it compare to existing projects like safex.io SEC, NVO, bitshares,..?

cryptocurrency
8 years ago by

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      ·  8 years ago 

    Will need to do a little more research into those projects to do a full comparison. But here are some differences I notice

    safex.io:

    • owning SEC actually gives you a stake in the decision making process through voting. owning WCXT does not.
    • marketing & appearance are of safex is much worse that WCX. I know some may not care about this, but it's hugely important from an investment perspective. The exchange that mainstream users want to use is the one that will get higher revenue and thus pay out more to token holders, which will also drive up demand and price for the token itself.

    nvo:

    • likely the most secure option, as they just match users together and validate the transaction. you don't deposit your funds or share a private key, so your funds are always safe and stored locally.
    • it seems there may be more technical hurdles to overcome with this structure. it could work smoothly, but i wouldn't be surprised if it's slower to expand and there are some bumps along the way.
    • owning nvo does not give you any stake in revenue
    • i haven't done a ton of research, but not sure what the purpose of the token is? it's a direct asset-to-asset exchange, so NVO is not an intermediary token. I don't know why they need a token other than fundraising.

    bitshares:

    • bitshares is the better technology with more capabilities, however ...
    • no revenue sharing
    • not very user-friendly or intuitive

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        ·  8 years ago 

      Wow thank you.
      Do you think that an hft high frequency trading is possible in a decentralized way? Are really needed tokens with their own value to do the swap?

      I think decentralized exchanges are the last missing piece, but i'm not convinced that all the cryptos are tradeable in that way, example Monero txs aren't publically visible

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