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RE: AEX exchange issues its own token based on Bitshares

in #bitshares7 years ago (edited)

Any idea WHEN the airdrop will begin?

"cap" typically refers to "market capitalization" and means the sharecount times share price (in stocks). So 100 billion is the number of tokens (shares) to be issued, not really the "cap". The mkt cap will be determined when GAT is freely trading at a price.

Trying to remember some history on btc38.com, did they get robbed at one point? We'd want to know this history of their operations before we'd go anywhere near it, airdrop or not.

very informative, exactly the kind of article we read on Steemit, thank you, following now, and resteemed.

ANY details you can tell us about AEX "Community"? What is that?

Lastly, we've been asking for our entire time on Steemit, and still no one has come up with a legit answer: What is the difference between OpenLedger and BitShares; why does OpenLedger exist at all? Still completely baffled. If you are a member of one, are you a member of the other? Makes zero sense to us, and we stay far away from the nonsensical.

Also, BitShares has a rather large exit fee, we've written about this too. You wanna pull money out of there, and they aren't scared to scrape a nice chunk for themselves. HATE that business model, charge us commissions fine, but don't ever charge to enter or exit unless it's a VERY nominal fee which isn't a percentage of assets. For instance, ATMs charge you the same fee whether you remove a lot of money or a little money-- they don't charge you 10% of the amount you remove. If they did, they'd never be used except in a real pinch. Apparently BitShares users aren't very sophisticated or very desperate bc they'd never agree to these fees unless there was no other way. NOTICE: Coinbase was charging egregious fees until BitFlyer got their NY crypto-license. Wow, all of a sudden Coinbase is knocking down insane fees and improving awful customer service. Isn't competition nice?

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Thanks for your correction. The sharedrop starts from March 1st, which is today.
Regarding your question about Bitshares and openledger. Openledger is a gateway of Bitshares, they share the same blockchain. Bitshares is Nasdaq exchange, whereas openledger is a security company where you can open your trading account, though openledger has other business besides being a gateway.

thx, that's a START. Why would BitShares need OpenLedger tho, if it already runs the same/similar exchange? If I'm on OpenLedger buying a crypto, and you're on BitShares selling same crypto, are we able to trade with each other? If so, who gets the commission? When we pay the rather large exit fees, who gets what percentage of the exit fee?

So while one is a gateway of the other, why OpenLedger exists we still don't understand. It's not enough to say "security company" bc what does that mean? Is BitShares DEX not secure?