I see we have a quite new topic in forum.biblepay.org regarding new exchange listing. We have two choices, first one FUBT exchange and second one TOKOK exchange. I tried to make an account and look at them. I was a little bit dissapointed when I tried to make an account on FUBT exchange. Directly in register form I need to put in confirmation code sent via short message or via email. Unfortunatelly short message even email confirmation have not worked in my case. I used Slovak phone number and @gmail.com email. I haven't receive anything. I tried it from France IP, email confirmation worked but I receive email in Chinese. Translated via google translator. After registration I tried to log in, again I needed to confirm log in by code but I havent receive anything. Ok I closed this issue with statement that FUBT is not very user friendly in Europe. Ill try it maybe later ones again.
On the other hand I had no problem with TOKOK exchange, fast registration, everything worked just fine. Exchange platform looks fast enough even in Europe and looks user friendly.
Regarding coingecko parameters both of them are looking very good on the first look. On the second look both of the exchanges has much more lower daily Normalized Volume as Daily Volume. In my opinion this means they have many trading robots and their volumes are penalised and Normalized volume decreased. This is not good sign. So real volume we can say FUBT about 400k daily and TOKOK 1mil daily normalized volume. In comparisn with Southxchange has max 100k daily.
So when I compared daily volumes TOKOK looks better and according to information from Rob's post on forum.biblepay.org listing fee is cheaper. It means 2 BTC for Exchange with 1mil daily volume.
When you take a look on trading statistics it looks than biggest percentage of trades are in trading pairs with USDT. What do you think about that? I dont know if we have possibility maybe list BBP/USDT trading pair. It looks this should be good move?
According to my first comparism I will vote for TOKOK exchange.
I too saw the volume seem to decline on Gecko. What we really dont know, IE we are guessing at, is what flags CoinGeckos normalized volume algorithm to decrease the 400 million trading volume down to 1 mil for example. I wish I knew.
I am starting to agree with your perspective on Tokok. For one we cant really afford much. If we forgo the PR we may end up with more volume at Tokok. We have to be careful because this exchange decision will keep us out of new exchanges for a year if we are wrong. If we are right, it will pay for itself in a short period of time.
Im going to try to go to another person at FUBT and demand answers now.
Also, we should analyze volume during the week and see if the reduction in volume was due to the weekend. What Im pointing out is I remember gecko showing 400MM daily gross vol and 1 mil net for a few days then it appeared to drop drastically down below 200MM gross and only 200K net for the last few days - almost like FUBT is going *out of business*.
We certainly don't need that problem after all we've been through, we need a winner.
- Regarding the UI comparison between the two: I agree with you - even in the US. I selected English on both platforms. The main problem I had with FUBT is I had to fill the KYC out (and the system never did change from China for the country even though I selected US- their customer service said I need to manually contact them to fix it).
In Tokok, I had no problem reading the pages as a US citizen, OR trading as a us citizen without a KYC (since they are in the virgin islands). (I traded GIN successfully on TOKOK).
I asked Tokok, is this the BEST deal you can give us - they said Yes, 2btc is the very minimum (last night).