How Tradeqwik Will Handle the Upcoming Bitcoin Hard Fork

in #tradeqwik7 years ago

As of this morning, Tradeqwik now boasts 783 users. Monday morning should be exciting in terms of dividend payments.

But the question on everyone's mind, when it comes to their cryptocurrency trading platform, is this: what are you going to do about the August 1st Bitcoin hard fork?

That can be a tough question to answer, because it's not entirely clear what Bitcoin is going to do when the hard fork takes place, or more specifically, what all the Bitcoin miners are going to do.

Tradeqwik is prepared. Bitcoin may weather the hard fork and come out on the other side as one universally recognized Bitcoin, or it might fork off into two or three different versions of Bitcoin. Tradeqwik is ready to support all forms of Bitcoin that exist after the hard fork. So let's say your post hard fork Bitcoin deposit comes from fork A. Then your Tradeqwik balance will show you as holding Bitcoin-A. If you make a second deposit that happens to be on fork B, then your Tradeqwik balance will show you as holding Bitcoin-B, and so forth. Tradeqwik will not take a stand as to which BTC is the right one or the real one. We'll simply support all of them. You get to decide which Bitcoin to buy more of and which to unload in a hurry. We are working on ways to make that part real easy.

Tradeqwik will shut down BTC deposits and withdrawals 48 hours before the fork takes effect. You'll want to be done with any kind of external Bitcoin transactions on Tradeqwik by July 28 or 29. You will still be able to trade Bitcoin, just not deposit or withdraw it. Deposits and withdrawals will be re-enabled 72 hours after the hard fork or when the market has had a chance to settle.

This means that Bitcoin deposits and withdrawals on Tradeqwik will be disabled for five days, possibly longer. It can be pretty scary to have your trading platform shut down deposits and withdrawals of a coin you hold for almost a week, especially if you didn't see it coming. This is why we want to tell you about it now, so you know it's coming and can plan accordingly.

In upcoming articles we will talk more about the VIVA Peg increase and announce a contest with more to win than an upvote. Anyone want to take a guess at what it might be? I'll give you a hint: it's about you providing something Tradeqwik needs for a shot at a prize. All good guesses will get upvoted.

@tradeqwik followed a bunch of customers last night. If you're still not being followed, please reach out with your VIVA ID and we'll follow you.

Not a Tradeqwik customer yet? Sign up. It's free to join.

Have a great weekend, and be on the looking Monday morning for a celebratory dividend payment.

One last thing before we go... the numbers.

Trading fees collected since last TQS dividend payout

currencyfees
GBG0.00000000
SBD1.20826603
STEEM12.41316372
GOLOS0.00000000
ETH0.03940887
LTC0.17695264
XAU1.51097203
BTC0.09305043
MXN24.34981901
VTR0.21397500
DASH0.00000000
VIP12.32566391
VIVA44.58035588
USD37.31944868
XWANG0.00000000
bitUSD0.00000000
vGX0.04003303
VIVA CROWNS0.00984935
EUR0.00000000
GBP0.00000000
RUB0.00000000
UAH0.00000000
TRAIL7.47511414
TQS0.61351081
DOGE0.00000000

Customer funds under Tradeqwik management

currencysum
bitUSD0.00000000
BTC24.44568124
DASH0.00000000
DOGE0.00000000
ETH9.73390254
EUR0.00000000
GBG0.00000000
GBP0.38858246
GOLOS368.67024120
LTC26.40163099
MXN3007856.27322289
RUB0.00000000
SBD791.38500378
STEEM32706.69666604
TQS72237.24893320
TRAIL2764.35397093
UAH0.00000000
USD2175.90825444
vGX9999.72394124
VIP5309800.93398905
VIVA58265.30222701
VIVA CROWNS4401.29626894
VTR2615.62457500
XAU903.76757003
XWANG9896.42674302
Sort:  

I've moved all my crypto to Tradeqwik. I no longer trust Poloniex and who knows how they're going to handle the HF.

I appreciate the advance notice on portability of Bitcoin related to the HF date. Supporting all the coins that may come out of that makes sense and announcing that this far in advance shows that TQ is, by far, the most stable place to home my crypto.

Well done!

Thanks for the kind words!

I'm guessing you need more exposure. So I think the contest is going to be about writing articles in steemit about Tradeqwik. The best-written article snatches the mystery prize!

Good guess! That's not quite what we had in mind in this particular case, but if you ever do post a good article about Tradeqwik, we're happy to resteem it. Feel free to post a link to any @tradeqwik post so I see it.

That's good to know, thanks!

It's great to know that TradeQwik has a plan to handle whatever happens with Bitcoin. Thanks for working out this plan and letting us know!

You're welcome!

the contest might be about refferals(?)

Not quite, but a very good guess!

maybe a contest regarding some kind of advertising...

You're close. It's more along the lines of getting ready for advertising.

Hey not to high jack the thread, but I tried to transfer over ETH from coinbase, and it has been a day. Not showing up, any Ideas. Trying to buy some tradeqwik

Send an email to enrique@vivaco.in with details of the transfer and we will look into it right away for you.

So just to be sure the email is enrique@vivaco.in

Great post. Thanks for sharing. Upvoted.

Very complicate the successive red days. PErhaps in octobre the market will be better

What you need is some great advertising so more people can be aware of the excellent opportunity presented by the VIVA economy. It is so easy to transfer everything into and out of Tradeqwik. Looking forward to my dividend payment on Monday.

I have gone back through all the previous posts and am following all Steemians who are invested in the VIVA economy through @tradeqwik. All @tradeqwik investors should consider doing that.

You're actually on to something in the works that will make it easy for Tradeqwik customers to also support each other on Steemit :) Stay tuned!

I think you'll love the initiative outlined in the article we just posted!

Hello tradeqwik I just created an account on your platform, how can I send SBD to Tradeqwik, I only see the option for Steem, help please

You can deposit SBD the same way you would deposit STEEM. The important thing is to include your VIVA ID in the memo line, so we know to credit it to your account. The VIVA ID is the long number that you see when given instructions to make a STEEM deposit. Once you deposit your SBD and it's had a chance to clear, you will see it when you click on the VIVA/SBD market pair. Then you can start trading with it.