RE: Introducing: Steem Anchor

[ura-soul]

What is the advantage of this over, say, sending Steem to an existing exchange, trading it for Stellar and then sending it on to a Stellar recipient for use on Stellar platforms? I haven't used Stellar apps at all yet.

Comments

[steemanchor]

1. Low or zero trading fees - StellarX for example has no trading fees whatsoever, they even refund the network costs, compared to traditional exchanges taking 0.25% or more on each trade.
2. Instant atomic trade execution between different currencies using Path Payment
3. Decentralized exchange - order book is on-chain and completely transparent, meaning less market manipulation.

[ura-soul]

Ok, thanks for explaining. There are a couple of no fee exchanges I am aware of that are potentially introducing Steem soon, but we can never have too many!