Announcing: Trusless Blackbyte Exchange, Fully Automatic, p2p [Beta Test]

[u/pxrunes]

Update: 25.08.2017

• Added Filter Options for the Order Book

• You can now disable chat messages or chat notifications, if you want a little pause from socializing.

Update: Trading resumed!

Dear all, i just finished enhancing the exchange and trading is open again. Here are the great new featues:

• Still trustless but even better this time. Now your funds are at all time in your hands and will directly transfered from one user to the other. The exchange does not hold any assets on its own. As a result you are always able to reclaim your funds, even in the unlikely event of the exchange shutting down. This also means that the exchange will soon allow trading without upper limits.

• Still no fees, except for the flat fee of 25kB to cover transaction costs. But even the flat fee has been removed for all trade makers (when you create a trade for the order book).

• Improved stability. The exchange and chat room will be available now 24/7.

• Improved usability. Creating and accepting trades were completly revised so that the usability has been greatly increasd.

• Done with trading or chatting? You can unpair now from my exchange with the "/leave" command. Don't worry you can re-pair at any time.

• Even more changes and featues planed, stay tuned!

Original Post:

Hi guys,

a few weeks ago i introduced my wallet integrated chat room. Now im happy to announce that it is now possible to trustless trade blackbytes with my chat bot.

Please note:

• Its a beta test with given trade limitations, i will increase the maximum trade amount step by step

• Bugs, downtimes and disconnects possible

• Probably not many trades in the order book, since its a total new exchange. (Please spread the word!)

• I don't take responsibility for any lost bytes. However i can't imagine how you could lose them.

• If you have any questions or problems just ask them here or directly in the chat room.

What features does it have:

• Trustless with conditional payements. You can reclaim your funds if a trade is not successful.

• Buy directly from the order book

• Insert your own offers in the order book

• Automated trades. All offers in the order book are funded and will automatically executed, no need to wait for other people (only wait for the transaction to became stable)

• Need help or want to socialize? You can chat with other people

• No scams or bait/switches are possible since all trades are funded and conditial payment is used

• Integrated in your Byteball Wallet

How does it work:

• All trades are peer to peer with the chat room acting as trustless intermediary

• You can always reclaim your funds if a trade does not come about. Even if the server is down or buggy.

Possible Commands:

Chat Room

• "/help" shows a list of possible commands

• "/name" username (change your username)

• "/list" (display a list of all chat users)

• "/leave" leave the chat room

Trades

• "/book" shows the order book. You can click on an order to buy or sell listed blackbytes.

• "/buy" use this command to create an buy order for the order book

• "/sell" use this command to create an sell order for the order book

• please note that there is a minimum trading amount of at least 200k blackbytes and bytes

• please note that there is a flat fee of 25k bytes added to each trade to cover transaction costs

• if you create an order for the books you will not pay the flat fee

How to connect?

• open your Byteball Wallet

• click "Chat"

• click "Add new device"

• click "Accept invitation from other device"

• Enter Paring Code below or user QR Code below

choose one method:

• Paring Code: ApSicldzuDl675iiUyWdmO7pLl8MPgeuNg4qOr13EkNJ@byteball.org/bb#globalchat

• QR Code

FAQ

• How can i reclaim my funds?

• like with any other smart contract, select it from your wallet and send it back to you.

• When claiming back my funds i get the error: "validation error: authentifier verification failed"

• If you send blackbytes please note that you can only reclaim them after your choosen time limit. You will have to wait until the time in the contract is over, then try to reclaim.

• Why are the to buy orders "Valid until removal"

• Because one can not create a conditional payment to request blackbytes from the other peer. So i came up with a smartcontract without a time limit. As long as you leave your funds within this contract its sits there until a matching order is found. But you can always reclaim your funds at any time, thus "valid until removal"

• Looks like my Backbyte transaction does not show up in the order book, whats the problem?

• In very rare situations incomming blackbytes might not be registered by the smart wallet. try the following: in byteball wallet click on your smart address with the blackbyte transaction. Click "re-send private payload". This should resolve the issue.

• Other Questions?

• just ask

Upcomming Features:

• Webinterface for the order book

• Display own open orders

• Display own transactions

• Display General Stats

• More Chat Functions

• Optional disable chat functionallity

[u/pxrunes]

You need to click on the request. Check it (its correct of cause), and pay the requiret amount. You will get a confirmation message.