Discovery "Exchange Dependant on Terracoin for voting for coins" (active)Back

Title: Exchange Dependant on Terracoin for voting for coins
Owner: SixOfFive
Created: 2019-06-27
Proposal link: Not Linked

Description

Outside the scope of the Terracoin Foundation, I would like to create an exchange dependant on the voting inclusive of Terracoin. This would be a project that requires no income from Terracoin's Masternode network. It is not a request to gather income from Terracoin, but would utilize its voting layer with masternodes for coin inclusion and removal. To boil it down, masternodes would be able to specifically vote on whether a coin is included or not for a 3rd party exchange. The 3rd party exchange would be head developed by myself with multiple parties involved. The reasoning for utilizing Terracoin for this project is fair distribution from the start and the masternode voting layer. Those invested into Terracoin have a stake and say about the future of another project that will continue to request and vote on ongoing activities.

Hit me with feedback about this idea, as dev has started months ago for it :)


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Discussion

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0 points, ~3 months ago
You could vote from your wallet or from this site if you have your masternodes linked here.
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0 points, ~3 months ago
Hello, can you please explain how can we vote? I have a few MNs
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0 points, ~3 months ago
Ah, I get it now. Anyone who wants their coin listed has to go buy a TRC masternode or 50 to vote for themselves. Gotcha!!
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0 points, ~3 months ago
There would be no requests for TRC from the governance system. It would simply be the method to vote for coins being added to the exchange or delisted. The requirement to place a vote for the exchange would obviously be owning the collateral required to vote. Simply put, it would create massive exposure for Terracoin and further interest from other coins as they would need the 5000 TRC to put in a proposal to have their coin listed. Certain pairings would be in there by default due to popularity (BTC, LTC, DOGE).
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0 points, ~3 months ago
I think the way it works is you explain why it's a good thing, although if you're not asking for any TRC from the governance system you don't need to bother. If the objective is a curated exchange with coins that TRC holders might want to trade against you could just build that anyway and present it as a done deal.

And if that's not what the discussion is about please explain more. If you're just seeking support for the idea before getting too far into the development that's not entirely clear (to me) from the description.
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0 points, ~3 months ago
Explain to me and the community why that couldn't be a thing?
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0 points, ~3 months ago
So you're building an exchange, and the coins it lists will be determined by proposals in theTerracoin governance system?
Why would that be a thing?
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