Right now the liquidity service is based on wash-trading and it is totally wrong. The service buys and sells totally by itself without any reference to technical analysis. Liquidity means fair prices, stability, quickness (which is one of Waves’ trade mark compared to other platforms) and susceptible to technical analysis. For starters, Waves team should provide liquidity especially on BTC pairs, using arbitrage bots to follow the market prices. Following that, liquidity service should buy a seller’s BTC immediately and sell those BTC in other exchanges to provide fiat currency to the platform. Using the same principle, the existing gateway coins like ethereum, dash, ltc and xmr should be liquid in order to increase DEX volume in order to compete with current centralized exchanges and future decentralised exchanges.
All ICOs performing under Waves Platform should be supported with liquidity and volume support without any cost. Almost every ICO has failed in terms of volume and price, i.e. Simdaq, OCL, Anryze, Mgo, Tracknet and last of Tradingene. Every failed ICO in that terms, affects the following ICO’s price and sales performance. With a failed market performance of the older ones, new ICOs and investors will run away from Waves Platform. ICOs; should not be traded in the DEX unless they have their products, high performing community or a market volume; or if they will be traded they must have a liquidity support.
Waves team should provide gateways for high volume coins and they should announce these all at once, not one by one and with huge time delays as it was done before. Currently, Ethereum, LTC, ZEC, DASH and XMR have gateways but they had time gaps between each other which caused a lack of interest and resulted with very few traders. As an example, when Ethereum was added to the platform, but without any trade alternatives with other coins it is almost impossible to attract any traders to DEX. Trader would want to trade ethereum with dash or xmr, but with the current time delay between these gateways traders prefer centralized exchanges.
For this reason, EOS, TRON, ADA, XLM, NEO and maybe BNB should be added to the platform immediately. These gateways should be functional at the exact same moment or maybe at the same week so that platform can attract traders.
For other gateways and coins, voting can be done within this forum; resulting with a frequently used forum. Votings can be done once in a month and for 2 coins. Voters can buy 1 wct for votes and send to the team’s address and the WCTs collected can be used bounties later.
Besides that, other coins that wants to get listed in DEX can be asked to buy a certain amount of Waves and this income can provide funding for the team.
4- Trading Competitions
Waves team used airdrops for PR but these airdrops are no good for anyone. Instead of distributing airdrops, if the traders were rewarded with bounties, the previous 2 topics would be obsolete. Waves team should get a deal with the miners asap and start doing these competitions. For rewards, BTC, BCC and WAVES and later MRT and WCT can be distributed. For example, to create a volume for an ICO, team can distribute BTC for the first month, BCC for the second and WAVES, MRT and WCT for the following 3 months. This will result with a sustainable amount of volume for the ICO token and the distributed tokens. Trading will also cause the tx number to increase and therefore the miners rewards will be affected positively.