Re:Evercoin: A cryptocurrency exchange platform
by clemens2000 on Monday August 14, 2017 @06:37PM
(#15013659)
Maybe someone should build a Kayak for Bitcoin exchanges, that picks the cheapest exchange for each trade...
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Re:Evercoin: A cryptocurrency exchange platform
by ufotarikati on Tuesday August 15, 2017 @05:43AM
(#15016739)
Writing the formula for you
1) pick the cheapest exchange 2) sell at expensive exchange price 3) add commission 4) add network fees
Re:Evercoin: A cryptocurrency exchange platform
by tstyle on Tuesday August 15, 2017 @12:33PM
(#15019741)
The formula is more complicated than this. Services such as shapeshift.io guarantee the price for 10 minutes, as well as sending purchased tokens almost instantaneously. To accomplish this means keeping inventory and becoming vulnerable to volatility risk and liquidity risk.
Picking a reasonable bid-ask spread is hard, and probably involves more input factors than the 4 you listed above.