Recommend OpenTrade to Learn from Binance on basecoin

[honglu69]

Hats off to kzv, the developer of OpenTrade! It is awesome opensource platform and I deployed it on my newly launched ShorelineCrypto exchange. Without OpenTrade source code, I certainly can not do this without huge cost and time delay.

But I want to contribute to the improvement of OpenTrade and to ShorelineCrypto (my own incentive as well) for a new feature request.
Here it is, current base coin pairing of MC is not very desired, possibly not well liked by traders because MC has no liquidity. However,
I do understand that OpenTrade is MC ecosystem and we need to boost MC from OpenTrade. How about redesigning the whole thing and learn from Binance? Binance coin is base coin in Binance, but Binance allows BTC as main coin in pairing. If traders pay fees on Binance Coin, fees will be cut 50%.

Same, OpenTrade should use BTC as basecoin, or LTC, or dogecoin. The best in the future maybe use all three as basecoin. But for now say we pick BTC as basecoin and all the coins are paired against BTC. The fees will double at 0.2% per trade. However, if traders pays fees on MC, the fees will cut in half. That way, MC will benefit from OpenTrade, trading experience and liquidity will be improved!

To allow MC as fees payment, OpenTrade software code needs to be changed. The current last price of MC will be used as calculation of fee payment on MC. It is bit a work for coding, but in the end the system will be on top of user experience that can compete with any one out there. MC will fly once huge members come in to exchange.

In the future, if kzv allows 2 basecoins, say users can pick MC or MTC in my exchange shorelinecrypto for fee payment coin, I will be willing to offer that too because I want to support MC eco system for the long term.

[kzv]

Hi

I have no time to code this changes. My priority now is affiliate program, after that need to improve charts, then admin interface and so on...

[honglu69]

Gotcha, Understand the whole situation. Coding is not small work. This is not something for wish and can be done easily.

[honglu69]

Saw the affliate link new feature in opentrade. My affiliate link is up in ShorelineCrypto