MAID Listing on Bitker Exchange

As @neo mentioned above '2 levels of ID Level 1 is upto 10BTC and you supply Name & ID number and level 2 is up to 100BTC and supply 1ID + 3 photos. And it seems no withdrawals with out level 1 ID requirements being met: https://www.bitker.com/#/help

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Sad that there is no volume at all on Bitker… :cry:

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It sure is, and unfortunately we run a high risk of losing the listing if things don’t pick up.

I think that 90% of exchanges and exchange volume is fake, coin owners/exchanges buying and selling their own orders. MS have been asked to do this several times by multiple exchanges but always refuse to do so, highly unethical and manipulative. I think we are one of few to take this approach hence why are volumes are lower than others at times.

Anyway, for MAID to stay on Bitker we will need to see an increase in trading activity. If you are looking to acquire MAID and are comfortable to give the exchange a shot please do so.

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I did it last weekend :grinning: Deposit and withdrawal were very easy, without any KYC formalities, and fees are very low comparing to other exchanges. I did a withdrawal for 3 MAID fee :yum::sunglasses:

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I think the volume speaks to how few new people we are drawing into the fold these days. OGs are already comfortable at polo. Maybe some would like to diversify into other exchanges just to spread their risk I suppose. What we really need is to be reaching out to new people and be like Bitker is one option you have to trade BEFORE they settle in.

Well if someone happens to sell me 50% off maid there I would be happy to sign up and to pick it up :slight_smile: . I think this is a lesson generally that although people whine about wanting more exchanges the reality is Polo works just fine and until MAID has SafeCoin and a product(Safe Network), its a waste of time/resources/money to focus on exchanges at all in the near term. Its comparable to a private company trying to figure out how to go public and get listed on the Nasdaq when they are still pitching product ideas around internally.

The only counter argument to my point is that being basically only on polo does run the risk of delisting and 0 MAID trading going on, but honestly if MAID does not regularly reach out every two months or so to communicate with them to ensure they are at no risk of being removed then that is a lack of attentiveness to important partnerships. Hitbtc I don’t even count as a legitimate exchange because of crazy fees and fake volume.

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yes I agree if you want the people that are comfortable in polo to move over you need to offer them some kind of extra opportunity to profit or why would they? Even a small difference could be enough though. Like as long as its a higher percentage discount/profit then the cost to do the trades and move between exchanges there is enough incentive. At least with very fragile markets like this you can put out some super low ball orders and if someone decides to exit all at once they will have to sell you some heavily discounted MAID. I used to do this on cryptopia all the time.

Even if its smaller its nice to have a “moon base” in case of catastrophic events on earth. That’s what I used to consider cryptopia

Are there any trading bots that work with Bitker? I guess they’d make it easier for market makers to get involved.

I expect it takes a fair effort to make the market on an exchange, and with zero volume there’s little incentive for traders to get put in the effort. Hopefully it’ll pick up, but given that ETH / BTC is not even properly utilised on Bitker (ridiculous spread), it may be an uphill battle.

I think this is probably a good opportunity for the marketing team to draw up and launch strong, creative support behind this listing. I’m wondering, what research was done on the type of trader/investor that uses Bitker (e.g. their unique perspectives, where they “hang out” digitally, the type of messaging that resonates with them, etc.). I’m also curious as to why, perhaps, this exchange listing wasn’t accompanied with what we sometimes call Omni-Chanel marketing support (I.e., across media and with a mix of promotions as well as advertising) on a broader scale. Fleming’s launch certainly has the potential to draw new hands, but is there more that can be done to attract new people in the interim?

The fact that there aren’t many MAID traders/investors on Bitker at the moment is not entirely negative; rather, it exemplifies a necessary opportunity. For a new exchange listing to be successful, I think it would require creating new MAID “adopters” rather than cannibalizing the volume generated by existing MAID traders and investors. Just a few thoughts…

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100% agree and was saying this a few posts up. You aren’t gonna convert the OGs comfortable at polo so how well we do on a new exchange is strongly correlated to how many new people we are bringing in right now.

Ya I think its worth some marketing and research effort, especially since the dev team (likely) holds a large amount of their assets as MAID, so unless they can pay their guys with crypto they need a constant stream of new investors to counteract the constant need to liquidate. You can only squeeze so much out of the small loyal following right now. To make it to the finish line they need new people trading and a lot of them!

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You can’t really reach out these days. The only thing that will get a reaction is something big and when that happens it will have to be marketed appropriately. The rest of us are either holding or accumulating through established sources

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disagree strongly. I would say we are a long way down from interest at the ICO and shortly after. I would say at minimum we can reach out to old friends and be like look how far we come. On top of that I would argue there are always new investors in the crypto world… well maybe not new… people that are just moving beyond bitcoin and eth and looking into smaller market cap projects. There are new ones of these every day. We just need to make them look at ours

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The update to the timeline may help. People want to know how long it is to go, not so much how far they’ve come. And if there was a way in spurring interest in Asians it would be a big advance

this exchange IS indeed an Asian one. I guess I kinda trust polo cause as a Canadian I feel like that’s just my neighbor I can break their legs if they steal from me… or at least have some legal recourse lol.

For timelines you know as well as I we are not in the low risk phase with hard dates. But common so many more people were willing to buy this in the idea phase where there was for sure no hard estimate or even progress reports to estimate pace. I think that’s a bit of a straw man when the real issue is we are just not reaching out enough.

And yes I realize we are at a point where in the overall crypto market there are more people leaving then coming. I am not here to defend against the argument we maybe botched our chance to capture a lot of new investors in the big bubble. My point is there are still always new people coming never the less. Lets focus on how to grab their attention and next bull market we will be swimming in gravy.

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Yes they have a trading bot David

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It can be challenging to market a new exchange platform, I’ll try and add context which hopefully helps.

In the past members of the community have been critical about how we market new listings, expressing concern about how/the level to which we have vetted them. We do try to get to know the exchange as well as we can due the application process, but ultimately and like any new business relationship there is a risk, which can sometime be compounded by the long distance nature of the relationship.

And I certainly wouldn’t hold it against anyone in the community for being concerned, they are right to ask questions as some centralised exchanges continue to contribute to much of the distrust that exists in crypto at the moment.

So we find ourselves in a strange middle ground. We want to provide additional liquidity to the community, and we want the exchange listing to be a success, and of course we want to tell people about it, but we are still working on a building a relationship with them and working to understand and trust their processes and business ethics. So we have something more akin to a soft launch with Bitker. The listing is up and running but it is early days.

I do agree with your points btw and @dugcampbell and his team continue to look for additional ways to target and drive real volume on the exchange.

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Anyone want to get volume going on this exchange? With some movement finally happening in crypto, we can’t forget about this new exchange. For 1 thing: w/d fee is astronomically less than Poloniex now.

I’m not sure about site usability and everything ever about it, but it’s worth checking out and familiarizing yourself with it? I’m not sure if it could even be a major (i.e. Polo) or minor (i.e. Bittrex?) place for people to trade MAID, rather than Poloniex now, which has an 80 MAID withdrawal fee.
…Did I mention Poloniex has an EIGHTY MAID withdrawal fee now? (At least, that’s what I heard the other thread mention. I haven’t been able to use Poloniex for awhile now, to see for myself.)

Does no one like the bottom two exchanges for any real reason? It can’t all be lack of familiarity…?

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Good to hear about bitker. HitBTC - never again, and yes, Polo now is 80 MAID per withdrawal.

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I am going to contact Polo about this bump to 80 MAID, that is like $14+ USD at recent levels per cash out. That is robbery for those who buy in small amounts and intend to pull it off the exchange right after purchase. We need safe network and an exchange website built on that for non-profit built by the community to trade crypto freely asap.

Just here to voice my displeasure at Poloniex to stoop to what other shady exchange websites do to gouge for massive profits. An 8x increase in withdraw fees here close to the time of crypto returning to a bull market at least temporarily is close to robbery. This was my favorite exchange but I will likely stop buying alt coins here after witnessing adjustments like that. Say I buy $250 USD a week to cashout, @80 MAID that is like $14+ USD value and will likely get worse as crypto values rise again. $4-5 USD fees are what big companies like Fidelity charge to trade stocks.

Edit, this was their response:

Hi Jeremy,
Thanks for sharing this valuable feedback.
Poloniex uses a static withdrawal fee system. These fees may change over time based on the dynamic network fees charged by each respective network. As dynamic network fees increase Poloniex must also increase the static fees charged to customers in order to facilitate transactions over the network.
We will make sure to forward it to our team for future reference. All suggestions and feedback from our customers are highly appreciated as they help us focus more on product development and provide better customer satisfaction.
If you have any other questions about your account or feedback about our product, don’t hesitate to reach back out. We’d be happy to hear from you!
Best,
Poloniex Support Team

I tend to disagree with their canned response of “dynamic network fees” being the reason for the 8x jump though :laughing:

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What was the old fee in maid? I really cant remember.
I was hoping it was a genuine mistake when i worked out the $ value yesterday.