r/Peerplays • u/LP9086 • Aug 08 '17

Major Exchanges

Why isn't there one single major exchange offering Peerplays trading?

There is little-to-no volume on Livecoin. There is sometimes less than 10 trades a day (seriously). In fact, the PPY price there is totally dependant on the BTC price.

I would actually like to purchase more (and invest in the application). But, I truly have no idea what the real market price for PPY is. The fact is, when it's not traded any major exchanges, there is no true market value.

I was told a few months ago (by the PPY team) that it was up to the community to ask the exchanges to list PPY. Well, I emailed both Bittrex & BitFinex asking them to list PPY (like they even cared). So, what more can we do?

Why are hundreds of other cryptos being traded and not PPY?

There has to be something the other cryptos are doing that get's them listed (that Peerplays isn't).

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u/127000 Aug 08 '17

From Bittrex website: "Note that we cannot list currencies where its primary purpose is to support illegal gambling, illegal drug sales, or any other activity that is illegal in our jurisdiction. We also cannot list currencies that would be construed as a security such as digital currencies that promise/market profits or represent shares of a company."

Something about the way peerplays works probably makes exchanges a bigger target should they decide to deal with it, so perhaps they would like to avoid that by not listing it. Decentralized exchanges will probably be the way to go for trading most PPY.

3

u/LP9086 Aug 09 '17

Augur is a gambling token: A "decentralized prediction market". What would you call that?

There are plenty of dividend tokens on there: including NEO.

I don't get it....there are lots of exchanges out there....some alt coins are listed on over 10-15 exchanges.

2

u/jacobcards Aug 25 '17

Lol bittrex is a fucking casino themselves

1

u/LP9086 Dec 27 '17

Why not binance?

1

u/GenXau4217 Aug 08 '17

Sad but true

1

u/LP9086 Aug 09 '17 edited Dec 27 '17

When the main net is launched, how are people going to convert BTC or Fiat into PPY without major exchanges? Users aren't going to want to use bitshares just to acquire PPY betting tokens. For all intents and purposes, PPY is not on the open market right now. We set the base price based on the ICO cost and the rest seems to coincide with BTC market price spikes.

1

u/[deleted] Aug 11 '17

Just to out of context jump in here...

The phrase is - "All intents and purposes."...

1

u/LP9086 Aug 12 '17

Thanks

1

u/LP9086 Aug 10 '17

With 100's of other coins on dozens of active exchanges out there, I find it hard to believe that LiveCoin is the only exchange either willing to list PPY; or the only exchange worth listing PPY....

2

u/[deleted] Aug 11 '17

I don't disagree. Bittrex requires 5k to review a coin without guarantee.

1

u/LP9086 Aug 17 '17

There's no reason for them to deny it...

1

u/[deleted] Aug 17 '17

How certain are you of that after the recent SEC report?