EMR Club — Market Making Incentive

Discussion in 'Other Exchanges' started by adamgdev, May 30, 2019.

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  1. adamgdev

    adamgdev Contributor

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    We at Ethex are launching a new and innovative product that is unique and pushes the boundaries of exchanges rewarding market makers. This new product is built on a smart contract protocol that functions in a very decentralized manner. Besides the participation of the market makers and individuals trading on the exchange, the reward system is handled one hundred percent on the smart contact protocol where tokens and ETH are distributed automatically. The token that will be distributed is EMR (Ethex Maker Reward, ERC-20), Ethex’s (not yet launched) native token.


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    Winning EMR and ETH

    There are two ways that market makers are incentivized for putting orders up on Ethex. First is the competition period, which is about every four hours. Once you win the competition you are eligible to receive ETH during the reward period, which happens about every three months. In essence, EMR is mined, but not mined in the traditional sense. How do you win a competition period? You win by creating the most volume on Ethex during a challenge period, with one or multiple orders. The size of the order is measured in ETH. Regardless of what market you are trading on (BNB, BAT, REP etc.), the order sizes are measure in ETH. You can read the white paper here which outlines in detail the mechanics of EMR and the smart contract protocol.


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    The Trading Dashboard
    Not only have we created a protocol and a native token that rewards market makers, but we have also created a trading dashboard that allows you to track metrics of each competition. The dashboard displays all kinds of metrics regarding each traders individuals stats, who is winning the current competition and other general information that any market maker on Ethex would want to know. You can have a look at the UI below, watch a demo video here, and give it a test run once you join the EMR Club.


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    Join The EMR Club
    We are inviting you to be the first to compete on Ethex for the EMR club. I left a small detail out, EMR is a deflationary token. Meaning, that the first traders that compete and win EMR will win the most EMR at any time. As time goes on less EMR is awarded in each competition. We are also limiting how many EMR Club members we are accepting. Right now we have 18 openings. Join the EMR Club and get early access to EMR, give us feedback and help shape the protocol, and work closely with the Ethex team. Questions? Feel free to join our Telegram group to find out more or ask us specific questions about the EMR Club.
     
  2. CryptoTC

    CryptoTC Crypto Fat Cat
    Staff Member

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    Grooming myself between naps
    Sleeping on a couch, chair, bed, or under a table
    Is Ethex a live platform for trading at this point?

    @adamgdev
     
  3. adamgdev

    adamgdev Contributor

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    Our exchange is currently getting worked on in prep for the EMR launch. We did have 12+ markets actively trading before we went off line for the launch. Feel free to reach out with any other questions. Would you be interested in joining the EMR Club?
     

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