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Wednesday, January 19, 2022

A Major Stumbling Block to My Panarchy Token Idea ...

... is that open, fully automated exchanges for Ravencoin assets aren't ready for prime time yet.

Raven Trader is working on that, but their app is still in alpha and not yet (at least according to the Github notes) at the fully automated point yet. Their model is simply being a posting point for P2P asset exchanges open to any valid Ravencoin asset (the seller posts the offer half of an Atomic Swap code; a buyer posts the acceptance half; then the buyer approves for the transaction to complete, with automation of that final step being in the works).

I need an exchange that is

  1. Open. That is, there's not some owner or board who gets to decide which tokens get traded. Any technically valid Ravencoin asset can be listed for trades without gatekeepers.
  2. Automated. That is, I can put up offerings and when someone buys them, it happens instantly (or, rather, at speed of actual Ravencoin transaction times once the buyer commits), rather than when I happen by to manually approve it.
So far, Ravencoin seems to be the best bet for such a setup. I could be wrong, but most of the other automated vehicles I've looked at tend to trade on proprietary exchanges -- your token gets on there if the exchange owners decide there's enough interest.

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