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RE: ANN FreedomEx.io Launch:Exchange for the STEEM Ecosystem

in #steem • 6 years ago

This is a very welcome and much needed addition to the Steem ecosystem. Hope the transition to a real DEX goes as planned and smoothly.

One concern is what exactly will regulate the 20M tokens cap of FREEX, since I do not think that Steem Engine allows you to set an unviolable limit on the number of tokens.

Also, partnering with smaller exchanges like Coss.io may be a good idea.

6 years ago in #steem by
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     6 years ago (edited) 

    We have already started testing P2P trading. So, the transition to the Hybrid DEX has already started.

    A valid concern. When we initially created the smart contract for FREEX we were not sure on the total cap of the token. Once we decided on amount to actually cap off, we issued the tokens into circulation. That issuance is transparent, and will be the final issuance into circulation.

    I agree on forming partnerships...order books and cross promotion of projects/apps.