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Archived Proposals / Re: FUBT Exchange
« on: August 26, 2019, 08:53:56 AM »
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).
Coingecko takes in consideration ration between 24hours volume and number of site visits (they take it from SimilarWeb). They count this ration for 10 bitwise exchanges (Binance, Bitfinex, Kraken, Bitstamp, Coinbase, Bitflyer, Gemini, itBit, Bittrex, Poloniex) from this they make median and median using as a benchmark. Based on this benchmark they normalize volumes down or up for rest exchanges (in detail here https://blog.coingecko.com/trust-score/ ). I see this as a good weapon against fake volumes. From our two exchanges TOKOK is going to look much more better choice.