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BTDEX EXCHANGE

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zanurreload

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There seems to be a slight problem with BTDEX. I can't access my account, I hope this doesn't last long.
#16 - June 15, 2021, 09:54:50 PM
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Version 0.5.0 has been released. Everyone should update to the newest version to avoid any problems.
#17 - June 15, 2021, 11:57:08 PM
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zanurreload

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when I install BTDEX version 0.5.0, why is my Burst Address different?
#18 - June 16, 2021, 01:39:47 AM
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zanurreload

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OK problem solved. I entered the passphrase and I immediately got my old account.
#19 - June 16, 2021, 01:52:58 AM
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zanurreload

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Why do Burst addresses in BTDEX version 0.5.0 only start with the letter S. Usually Burts addresses start with BURST. I've tried sending burst to this address with the prefix S, but it can't and after I added it manually with the letter BURST it worked.
#20 - June 16, 2021, 02:18:39 AM
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smdburst

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The S- prefix is part of the new Signum branding.  Both the BURST- and S- represent the same address on the block chain.  Some older wallets do not yet support the new S- prefix yet.
#21 - June 16, 2021, 10:36:30 AM

Torroco

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Is it when we convert bursts to other coins using our own offer, and when other people are interested, 
does our burst automatically decrease and the coins we convert will automatically enter our wallets? 

Unlike if we directly buy an order from a seller (eg btc) then we have to manually send our burst to that person's wallet, and that person manually sends the bitcoins to us. Or is it good to make your own offer or directly take an order at the price provided, both have to send a manual between the buyer and seller?
#22 - June 16, 2021, 10:53:35 AM

smdburst

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Quote from: Torroco on June 16, 2021, 10:53:35 AM
Is it when we convert bursts to other coins using our own offer, and when other people are interested,
does our burst automatically decrease and the coins we convert will automatically enter our wallets?

Unlike if we directly buy an order from a seller (eg btc) then we have to manually send our burst to that person's wallet, and that person manually sends the bitcoins to us. Or is it good to make your own offer or directly take an order at the price provided, both have to send a manual between the buyer and seller?
BTDEX will lock the required BURST when you make an offer and also when you take an offer.  You must always manually transfer the coins that are not on the BURST block chain.

If you make an offer to buy BURST (for BTC for instance), BTDEX will require you to lock a small amount of BURST for the security deposit in the smart contract.  If the offer is taken, BTDEX will tell you the wallet address to send the BTC. 

If you make an offer to sell BURST for BTC, BTDEX locks the entire amount of BURST plus the security deposit.

If you take an offer to buy BURST for BTC, BTDEX will lock the entire amount of BURST for the offer plus the security deposit.
 
If you take an offer to buy BTC for BURST, BTDEX will prompt you immediately where to send the BTC to.

The security deposit is returned after the transaction completes (minus a transaction fee).

You will have 24 hours to send the BTC after an order is taken.  If the BTC is NOT sent, then the BURST stays locked in the contract and can only be released by mediation.  The mediators will check the BTC block chain and decide if the BURST should be sent or returned.  the harmed party will get the security deposit.

Please anyone, point out any mistakes.
#23 - June 16, 2021, 12:31:07 PM

Torroco

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Ok sir I understand,

I see on BTDEX too much stock to sell burst rather than stock buying burst, it looks between "people selling burst to xxx" rather than "people buy burst to xxx" So, for example, if we sell bursts and buy bitcoins that are on offer, will after the list run out, will there be more bitcoin offers? 

Because I see that some exchange coins on empty btdex only have burst/btc, burst/doge, burst/eth and even then rarely. 

I see people tend to immediately sell their bursts to coins that are available on major exchanges such as Binance, Bittrex and others. because it can be exchanged for USD or other currency directly
#24 - June 16, 2021, 12:52:04 PM

zanurreload

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Quote from: smdburst on June 16, 2021, 10:36:30 AM
The S- prefix is part of the new Signum branding.  Both the BURST- and S- represent the same address on the block chain.  Some older wallets do not yet support the new S- prefix yet.
Oke, Thanks For the Info..this is very interesting info.
#25 - June 16, 2021, 12:59:33 PM

smdburst

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In the past some BIG miners would sell their Burst for as soon as it was mined.  That is changing now (IMO) because of the new POC+ protocol.  POC+ allows a miner to increase the efficiency by up to 8 times there disk capacity by "committing" (locking) Burst in their wallet.   I mine 32.9 TB and lock about 108000 burst.  I make about 2USD a day.  With the same capacity, I used to make about 0.40 USD/day.  The returns fluctuate a lot based on the average network commitment. 

But I think many more miners are buying Burst and holding burst.
#26 - June 16, 2021, 01:39:55 PM

smdburst

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#27 - June 16, 2021, 01:47:41 PM

smdburst

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This is a very good POC+ calculator used to estimate the return of Signum (BURST) mining in combination with commitment:

https://www.fomplo.com/signum-mining-calculator
#28 - June 16, 2021, 04:34:57 PM

zanurreload

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BTDEX version 5.5 has been released.
#29 - August 09, 2021, 02:19:50 AM
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BTDEX v0.5.10 has been released. WSIGNA (SIGNA on Binance Smart Chain) has been added. WSIGNA is a BEP20 token which can be used to participate (eg. stake and earn) in the Binance Smart Chain (BSC) ecosystem.

#30 - October 10, 2021, 01:25:59 PM
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