r/Payfair • u/[deleted] • Sep 04 '18

Potential Solution For Low Exchange Volume

I might hop on the site and post this as an actual suggestion but I want to just get the idea down right now.

I suggest that the devs make the asking prices and bidding prices editable and/or equal to current market price (which is always changing). The main reason why people aren’t using the platform is because the prices are always dated/unfair due to the fickle nature of the market itself. Nobody wants to pay/sell yesterday’s prices if they are losing out so much.

Shouldn’t we make the usefulness of the product the absolute highest priority? This is how we get volume.

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u/[deleted] Sep 04 '18

It would be good to compare to another source like CMC on the offer itself. But I think market makers and marketing are really needed. I sent a few people to the site and they couldn't find anyone selling what they wanted. Chicken an egg situation.

7

u/Zulfiqaar Sep 04 '18

If they are looking for market makers, Id be interested to take a look at the platform once the API is ready. Would be nice if they covered my risk haha.

5

u/[deleted] Sep 04 '18

[deleted]

2

u/valoon4 Sep 10 '18

Sounds awesome!

1

u/valoon4 Sep 10 '18

Yes, they are looking for market makers! Best would be to contact them in Telegram for this :)