You are viewing a single comment's thread from:

RE: [EN] Fast, efficient and scalable – APAsia.Tech expanding/rebuilding BitShares Decentralized Currency Exchange (DEX) in Thailand

in #news • 7 years ago

Hi Guys, Glad to see you looking to expand the Bitshares platform and create your own business on top of a strong platform similar to what OpenLedger has achieved.

Another great project your might look to for inspiration is RuDEX ( @blockchained ) who is a Russian exchange that has launched in a similar manner and also launched their own RUBLE smartcoin which once it had been bootstrapped ownership was transferred to the Bitshares committee members and is now a regular smartcoin with full collateral backing.

Note sure if they have implemented FIAT pairings but would be great to see a THB on/off ramp!

7 years ago in #news by
$0.00
    3 votes
    Reply 1
    Sort:  
  • Trending
    • [-]
     7 years ago (edited) 

    @steempower - great to meet you here with all the details i've seen in your posts! Awesome work! The whole point was very simple. Thailand is operating under dodgy owned centralized exchange when it comes to THB / BTC and all operations regarding deposits of THB are being manually processed. As you said, regulations and governments... hardly in Thailand at least few more years. But BitAsset such as bitTHB should speed up things in our favor (Bitshares DEX) and open many more door around Thailand... I've spend last 4 months on Dan's work, and he left a treasure, but he left it in a mess... Luckily how i can see both blockchains were/and still are being saved by community (devs/admins) running it all even when it doesn't seems good at all.
    I've personally as trader haven't moved this year more than BTS, OBITS, STEEM, BTC.
    You can't follow all, you can't do all. Make a choice and hit it hard. No giving up, no regrets.

    And far as RuDEX - very similar concept, just we are leaving completely BitShares logo, with possible addition to it Thailand/SE Asia and support will go through AP Asia Tech as custom support chat within faucet.

    Fiat THB to Bitshares blockchain would be a great step for us as a company and Bitshares network in Thailand... We are talking about taking over from centralized local exchange instantly around 350 BTC daily trading, which is 1.2m USD in just BTC/THB. :)))

    That's what we actually did with Steem and BitShares.

    Cheers

    Luci