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[ANN] Crypto-Gateway | Gateway for: BTC, NAS, NHZ | Coldstorage: TwinWinNerD
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Author Topic: [ANN] Crypto-Gateway | Gateway for: BTC, NAS, NHZ | Coldstorage: TwinWinNerD  (Read 9210 times)

Crypto-Gateway

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Hello fellow NXTers!

UPDATE: NHZ will also be available. Details will follow.

I hope this is the right section in the forum.

Let me explain what I will offer on the asset exchange. I will function as a gateway between the asset exchange and the other blockchains. People can send BTC or NAS to me and will receive tokens of BTC and NXT on the asset exchange. These tokens can be sold/sent however they want. When someone has these tokens, he can then redeem those BTC or NAS they represent through me. I will never sell/buy/trade any of those tokens myself, that is the job of the resellers or people that want to purchase NXT that way.

I talked to TwinWinNerD and he will function as the escrow and coldstorage holder. He is willing to vouch for me, but he will chime in later and explain it himself.

Details:
Asset name: tbd
Assets launched: NO (be careful of copycats. We will announce the launch here!)
Addresses:  will be announced later.
Fees: 0.1% to deposit / 0.1% to redeem (lower fees for the first week, later it will be at 0.25%~)
Min Deposit: 1.00 BTC / 10,000,000 NAS
Min Redeeming: 0.1 BTC  / 2,500,000 NAS
Escrow: TwinWinNerD
Coldstorage: Yes, most coins.

"How to deposit"

For BTC: We will announce a deposit address. You will need to send the amount of your choice. Then you need to message this account the transaction ID and the NXT you want the BTC tokens on.

For NAS: We will announce a deposit address. You will need to send the amount of your choine. Then you need to message the deposit account an arbitrary message on the NAS blockchain the NXT account you want the NAS tokens on.




"How to redeem"


For BTC: You will need to send the BTC tokens you want to withdraw, to the asset issuer. Then you need to send me an arbitrary message on the NXT blockchain with the BTC account you want the BTC on.

For NAs: You will need to send the NAS tokens you want to withdraw, to the asset issuer. Then you need to send me an arbitrary message on the NXT blockchain with the BTC account you want the BTC on.


Outlook:
If this is successful I will add other cryptos to the supported coins. Also I will pay someone to automate the redeeming, this should be possible.
Furthermore I will probably need help from someone trustworthy with the depositing/redeeming too, if this gets anywhere.

@Mods: The text of the asset is fixed and can't be changed. Can I link the asset here or is this thread-id not static for the future?

Happy trading!

Regards,
Crypto-Gateway
« Last Edit: May 15, 2014, 05:07:23 pm by Crypto-Gateway »
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The first BTC, NHZ and NAS gateway for the AE! https://nxtforum.org/index.php?topic=1317.0

TwinWinNerD

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I have a deal with Crypto-Gateway and I will hold nearly all BTC and NAS of this service and will put them in coldstorage if the amounts get bigger.

The vouching is true. If Crypto-Gateway runs-off with any funds deposited, then I will pay for those missing funds. For any other damages I can't be reliable.

The coldstorage and hot wallet addresses will be publically stated in this thread. If the amount of tokens NOT in the asset issurer account, the asset issurer has broken the deal and I will take action! So always be careful and check things like that.

PS: You can check my flawless trustrating here: https://bitcointalk.org/index.php?action=trust;u=16614

Happy trading!

wesley

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If you want to link to here, use this link: https://nxtforum.org/index.php?topic=1317.0

(This does not include the title)

Be sure to include the https so that it's autolinked.
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Crypto-Gateway

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If you want to link to here, use this link: https://nxtforum.org/index.php?topic=1317.0

(This does not include the title)

Be sure to include the https so that it's autolinked.

Thank you!

I just saw that anon is stating his terms in an alias "SilverTerms". That is also not a bad idea. I wanted to announce the latest changes on Twitter and here. Have to give this a little thought. Because I can't change the text once it is sent.
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dzarmush

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So basically you're doing the first cryptocurrency exchange based on AE?
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Crypto-Gateway

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So basically you're doing the first cryptocurrency exchange based on AE?

Yes you could say that. NXT/BTC and NXT/NAS pair.
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dzarmush

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So basically you're doing the first cryptocurrency exchange based on AE?

Yes you could say that. NXT/BTC and NXT/NAS pair.

Cool
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Crypto-Gateway

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What name do you guys think should the assets have? "btc" and "nas" or something more specific?

"btctoken" "btcgateway" "xbtc"

I can only issue this once, so this needs to be perfect!
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TwinWinNerD

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So basically you're doing the first cryptocurrency exchange based on AE?

Yes you could say that. NXT/BTC and NXT/NAS pair.

Cool

Hell yeah! I am stoked too. I am curious if there is much intrest for this. Most exchanges already have a NXT/BTC pair, so we will see if people prefer this over a centralised version. Also I hope the minfee is decreased by factor 10, so that someone can adjust the price regularly!

allwelder

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Crypto-Gateway

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I decided to add NHZ at the launch. They don't have an exchange yet, so it would be awesome for them to have trading enabled. Coldstorage for NHZ will also be done by TwinWinNerD.
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Daedelus

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If you want to fill in this format, I can add it to the OP here: https://nxtforum.org/asset-exchange-62/asset-exchange-ipos-launch-day-listings!/  ;D

I think it will need some adjustment as it looks like you will be circulating tokens on demand, like anon's silver bullion exchange?



Crypto-Gateway
Promoter(s)
Crypto-Gateway and TwinWinNerD
What is it?
A quasi-decentralised-exchange for BTC, NXT, NAS and NHZ.
What percentage of the company is being sold?
TBC%
How many shares to be sold?
TBC
What price will they be sold at?
TBC
Nxtforum discussion
https://nxtforum.org/assets-board/%28ann%29-crypto-gateway-gateway-for-btc-nas-escrowcoldstorage-twinwinnerd/
Nxt account used to issue assets
TBC
Asset ID
TBC
Asset Symbol
TBC


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Crypto-Gateway

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Crypto-Gateway
Promoter(s)
Crypto-Gateway and TwinWinNerD
What is it?
Crypto-Gateway will provide a link between the NXT blockchain and other currencies like BTC, NHZ and NAS. Cryptos can be traded with tokens.
What percentage of the company is being sold?
none
How many tokens to be sold?
TBD
What price will the tokens be sold at?
Everyone can deposit and sell his tokens, so free market price.
Nxtforum discussion
https://nxtforum.org/index.php?topic=1317.0
Nxt account used to issue assets
TBD
Asset ID
TBD
Asset Symbol
TDB
Issue Date
Around the 20th May


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KyLin

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Good idea
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Crypto-Gateway

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I am now in contact with the team of NHZ to automate the processes! Looking good ;)
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CryptoScalper

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I am now in contact with the team of NHZ to automate the processes! Looking good ;)

AWESOME!   ;D

Trust me...  those guys got some skills!!!    ;)
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gaman

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hey, not sure if i understand this correctly ... here are some of my questions

1. what is the difference between this and the mult-gateway instantdex that jl777 is building
2. how can this be decentralized when it has a choking point at TwinWinNerD?

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JKNxt

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hey, not sure if i understand this correctly ... here are some of my questions

1. what is the difference between this and the mult-gateway instantdex that jl777 is building
2. how can this be decentralized when it has a choking point at TwinWinNerD?

Wondering about this myself...
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MyZhre

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With all due respect, I don't think those useless clone worth any gateway
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JKNxt

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With all due respect, I don't think those useless clone worth any gateway

IMO you are simply wrong and judge too quickly and without much thought or foresight.

Useless is a term meaning not useable. NXT clones, can be traded, employ any and all current and future NXT features, and provide a community which may grow and prosper. It is affordable to accumulate clones for those who can not accumulate a lot of NXT and most importantly, NXT clones have the potential to speed up adoption of the gold-standard NXT, increasing the value of your NXT holding.

The gateway is simply a tool to trade these coins. Having "worth" or not is entirely relative.

Your comment is simply trolling.
 





« Last Edit: May 16, 2014, 03:06:47 am by JKNxt »
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