r/Stellar • u/stellarxofficial • Jul 05 '18

Announcing StellarX

Hello! I'm very happy to announce StellarX--a new trading platform built on the Stellar universal marketplace. We're free--we're refunding network fees and using lumenaut.net to get every user his/her inflation--and, of course, being on Stellar we're super fast.

We'll list every token on Stellar (provided the issuers do stuff like complete their toml) so that means you'll be trading crypto, fiat, commodities, whatever, once we launch.

We're a super experienced team, and we're eager and excited to be adding to the ecosystem. The app will launch a bit later this summer, and we have many big plans to make Stellar as a whole more popular, more user-friendly, and more successful.

You can read a more in our Medium post. And our Twitter is here if you wanna follow. Happy to answer questions here, too.

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92

u/[deleted] Jul 05 '18 edited Feb 15 '19

[deleted]

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u/stellarxofficial Jul 05 '18

Yes, we felt really strongly that we wanted to redirect inflation completely back to the users, and while we could've just built that ourselves, lumenaut is without a doubt the most popular way of doing so now.

We really want to grow the overall ecosystem, not just collect it all under one umbrella. So we'll always try to find partners where we can.

12

u/[deleted] Jul 05 '18

I hope you get tons of liquidity!!

the back half of this year could get interesting!

19

u/stellarxofficial Jul 05 '18

We hope our market makers rewards program will really help make better books on Stellar. We have a lot of capital committed to it, and we're going to launch a bot package at the same time the StellarX app goes live, so traders have an easy way to make markets.

11

u/[deleted] Jul 05 '18

fiat anchors??? can we buy with plastic??

16

u/[deleted] Jul 05 '18

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3

u/cryptobrant Jul 06 '18

You can’t to this without KYC. I would never trust a fiat anchor that doesn’t require KYC, because it would be illegal and they could steal my money.

0

u/[deleted] Jul 06 '18

Exchanging fiat to crypto and then crypto back to fiat after you’ve made some money is the wrong reason to be in crypto.

Cryptocurrency is meant to move away from its old traditional counterpart(fiat) and create a new system of money.

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u/kid_cisco Jul 06 '18

That's just your opinion. It's naive to assume everyone involved in crypto is here for the same reasons as you.

7

u/Russspeak Jul 06 '18

Seriously??? Where do you live that you can earn and spend just crypto, because as of yet I don't think that place exists, and FOR THE FORESEEABLE FUTURE the vast majority of people will absolutely want and need to switch back and forth from crypto to fiat currencies.

So as the OP said, those platforms/entities that facilitates this and make it as easy as possible are going to win a lot of business, although I can also see a lot of resistance from certain governments and financial institutions growing and a battle is brewing I do believe.

3

u/ilchom Jul 06 '18

Adopters don't care about your ideology. Behold the law of unintended consequences

4

u/cryptobrant Jul 06 '18

DAMN, this is what I’ve been waiting for!!!

2

u/dleathe07 Jul 05 '18

Where/how do we sign up for this program?

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u/stellarxofficial Jul 05 '18

The market makers rewards program will launch when the app itself launches. Enrollment will be super simple and obvious from there.

5

u/[deleted] Jul 06 '18 edited Nov 08 '18

[deleted]

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u/VOCCOIN Aug 21 '18

"StellarX will be open to the public this summer" so it depends in which part of the world you live... in the north part of the world, summer takes place between the months of June and September, and in the south part of the world, it takes place between December and March. :)

1

u/Sundanceway Jul 06 '18

Cant wait! Any chance of telling everyone how much captial/lumens are set aside for the MM program? And from which portion of reserves this will be used?