I’ve openned this new topic to exchange ideas about how to increase liquidity in Safex. There should be both social and programming skills applied here in order to achieve our main goal of mainstreaming this!
I begin talking about the Crypto Exchange section of Safex. Value of fees will be an important decision to make, but i will focus in another direction.
I’m thinking about if it is possible to Safex merge sell and buy orders of several other exchanges in one big order book. But, here’s the new stuff: people could add to this merge their direct buy and sell orders.
We could have two kinds of trading fees:
i. One that is the original exchange fee plus x. Why someone would pay this (fee + x)? Because x is the price of anonimity and convinience (no necessity of matching KYC is a product here);
ii. Other being a fee (cheaper) of a direct buy or sell on Safex environment. I believe the original plans just consider this kind of fee.
I don’t know how it could be done, thou. Here are some problems that i see (but somehow shapeshift solved it…). The first one is to have a “Safex user” entity, logged in all those exchanges (buying and selling cryptos), then there’s a problem with speed of transaction (maybe it could be done in hours, with a delay).
I believe that it’s a monumental ammount of programming work, but if it’s implemmented, the safex crypto exchange section could introduce many to our main product here, the Descentralized Markeplace.
So, what do you guys think?