I wonder if trade service platforms like Changelly or similar would stop supporting MAID with the closing of Bittrex. (Or, do they really deal with HitBTC?) There would be no real places to exchange MAID, and it would stagnate. Meanwhile, we will get to see who has diamond hands and who does not, by the discrepancy between MAID and eMAID, as in, those who have burned coins for eMAID and those who have staid in MAID. There aren’t many who have burned from MAID to eMAID yet, but that would change if this scenario plays out. …This idea falls apart though if there’s still (or eventually one made) a reliable place to trade MAID.
Though, I almost wish there was actually no place for MAID trading, so that this discrepancy plays out (since I don’t plan on selling until a stable and rapidly growing network—or, if I really absolutely need something later on at 50-100x this price, I’d just burn a little bit of MAID [if that’s even possible without having MAID stored on multiple addresses] while saving the rest). And thus the world would know who is holding and who is trading. Of course, people could be holding eMAID, but maybe it’d be way less likely.
Is there any reason why folks are reluctant to use the online omni exchange for omni maid? Unless I am missing something it seems to me this was and is a viable option here for maid until SNT roll out.
I’m going to ask this as well in the bittrex thread so if double posts are not allowed remove whichever one you feel necessary.
One big issue is that there’s no good market for Omni tokens, or Omni USDT, which I think are required to trade with MAID on the Omni Dex.
If there were a plain BTC / MAID pair on Omni Dex it may be an option, but I wouldn’t trust that any Omni asset called ‘BTC’ or ‘XBT’ were in fact Bitcoin rather than a scam… could be wrong, but I’d need convincing before trying it.
Upon a closer look, we’re the runt of the litter, or a pretender at best, as even between #41 and #50, we’re the flimsy one. Between #47 and us, the volume nosedives, which is only underscored by the fact we’re surrounded by all the HEX pairs, and our 24 volume / 7D volume ratio reveals it all comes down to a short-lived rush hour, and down we will go from here.
Since I have long ago gone full-in with emaid and abandoned the omni relict, I’m hoping for much, much better times.
There is an maid/btc trading pair on the omni dex. It was a little tricky to find but it’s there. I haven’t tested it myself however, or made any trades on omni dex personally to confirm its functionality.
I am wondering if anyone here from the community has used omni dex, and can give a reason why using omni dex would not be a good idea? Or is it just that its been over looked and not realized there’s a viable option here.
Unfortunately that’s not BTC… it’s “BTC” Omni asset number 97, which I expect could never be redeemed for BTC.
On this page, it states only Omni assets can be traded on Omni Dex:
It would be great if it could also have worked with actual BTC, or if Tether on Omni was still easy to buy / sell, but unfortunately I don’t think it is, so Omni DEX is as good as dead.
I went back and iterated on the design, and reduced the signal origin time some more. It’s all relative, as I only know my design’s performance characteristics, and there are tons of competitors and players in this space. I did turn on the execution finally on a mini scale. It feels good to see a program execute after spending years developing it, .
With so many coins & variables, its pretty complicated to figure out what was earned from arbitrage vs. market upside or downside when looking back at all the ledger history. One system will tell you the instant gain that was calculated at the time of order placement & execution, though those gains in quantity can also appreciate or reduce in value due to market price swings at a future time. From what I can tell, the available accounting software for crypto thus far I have seen only looks at the cost basis and proceeds on a per coin perspective with regards to the FIAT currency one is using, and is not really aware off the trading strategy facilitating all those transactions, which makes sense.
At the end of the day, I would think the PnL summary by the accounting software is a blend of market price swings coupled with the timing of those transactions. The spreads earned via arbitrage or any trading strategy is all blended in the PnL I suppose in just two buckets, realized and unrealized gains.
I am not a finance expert (much more to learn), but I am calculating the daily ‘Sharpe Ratio’ from day 1 of the portfolio vs. the prices listed on the Nasdaq page for BTC Index & Nasdaq Coin Index (NCI), so to have some relative benchmarks to compare the performance against (risk adjusted relative returns). Time will tell how the portfolio performs… a wait and see for now, prior to any further tweaks, .
Someday SNT will list on multiple exchanges (lets hope) with multiple pairs (BTC/ETH/USDC/USDT), and it be fun to add those pairs into the mix for the bot, .
Nice to hear but please allow exchange to give this token and time should be taken more we have 1000 maid i bought on high price when price is 1$ now price is less and exchange is taking 700 maid as a fees to withdraw omniwallet… What should i do in this situation… Please allow old user for long time or auto swipe any mode… Because i know this token is high potential token… And it will come on binance soon… Or more exchantes when beta will launch please take care of old users who is holding for long time…
Note - this project is like dream project hard to complete it will build slowly but surely it is going closer i am putting my savings in this project i want to be whale i am planning to buy more i have high dogecoin i will swap soon when some loose will be recover
We are reaching out to HitBTC to see if we can improve the situation on withdrawal fees, but of course it is their business decision, and one that we don’t have direct control over.
If you are holding on until launch—as the majority of holders are—then I’d encourage you to not hold your tokens on an exchange once you are able to withdraw. There is an excellent thread here on that topic.
I was holding on omniwallet due to marriage i have to sold my token then i am collecting maid in exchange i will move when maid share will be in high amount will move all to omni …
I know exchange have pvt ltd companies they makes their move and its risky surely i will go for omni i have target to collect more maid as soon possible… Before beta it will explode to 100$+
Thanks alot buddy hold strong all until launch beta this is best project i think best more than ethereum and Bitcoin… Its not about money we should support great project in industry
Not knowing if can get the coins out a little gamble but a nice sale. Hopefully it is Bittrex own market maker bot, that they sell Maid to put BTC in the hot wallet so people can withdraw.
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i am planning to buy more i have high dogecoin i will swap soon when some loose will be recover
