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RHOC on Exchange #29

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lapin7 opened this issue May 4, 2017 · 73 comments
Closed

RHOC on Exchange #29

lapin7 opened this issue May 4, 2017 · 73 comments

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@lapin7
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lapin7 commented May 4, 2017

RHOC is visible on infoproviders about exchanges:

RHOC on current exchanges:

  • EtherDelta Works. Place your orders :-)
  • Oasis Works. Place your orders :-)
  • SingularX Works. New exchange.
  • Kucoin New up and coming exchange. RHOCs trading since Dec 12th.

RHOC needs to be on these exchanges:

@lapin7 lapin7 self-assigned this May 4, 2017
@lapin7
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lapin7 commented May 4, 2017

@leithaus @edeykholt
Please provide identifying documents to get Rchain's account enhanced verified.
See submission doc

@lapin7
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lapin7 commented May 4, 2017

I've moved the Bittrex Submission Paper to RChain\Members\Exchanges

I made also some additions in Suggestion mode.
Please add your insights as well.

@vamvari
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vamvari commented May 4, 2017

Hi, I've made a request on poloniex at https://poloniex.com/coinRequest

@vamvari
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vamvari commented May 9, 2017

Request made to changelly

@vamvari
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vamvari commented May 9, 2017

Hitbtc request made

@lapin7
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lapin7 commented May 9, 2017 via email

@lapin7
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lapin7 commented May 11, 2017 via email

@kitblake
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kitblake commented May 11, 2017

The RHOCs are ERC20 tokens which, AFAIK, were created to act as a temporary store of value. Everybody is looking forward to the RChain native token, the REV. But from what I hear, that is a year – or more... – away. In the fintech sector that's too long to make predictions. Any scenarios will be based on an array of assumptions strung together.

In the meantime we should align on how we want to utilize the RHOCs. They need to be actively managed, otherwise they will lose their value.

@patrick727
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patrick727 commented May 11, 2017

@lapin7 I can totally understand Evans point of view and its much needed to maneuver the business dynamics.

Right so my SOW is a fixed RHOC amount until 8/31 that is giving it it's unique price basis. What we are talking about is essentially the reverse.

...you know the details of it. I'm talking for future budgeting and bounties, and re-reimbursements, etc.

Cheers

@lapin7
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lapin7 commented May 11, 2017 via email

@kdvalentine
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kdvalentine commented May 24, 2017

I agree with gather all necessary information required to have the token listed on exchanges, however it should be noted that while price discovery is important, large exchanges are not the only mechanism to achieve this goal.

Both Maker and Digix have been sold (MKR by the Maker team in limited quantities) on Oasis and EtherDelta with low volumes where sellers have maintained asks within a range of parity to Ether. There is less noise about the price/market cap with steady appreciation. Today, MKR & DGD are valued at $163 and $85 respectively.

Edit: Removed the comment regarding the RHOC to REV conversion..it is 1 to 1.

@lapin7
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lapin7 commented May 25, 2017

Hi @kdvalentine,
So it's possible for me to place RHOC sell orders on Oasis?

@kdvalentine
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Hi @lapin7, yes you can place RHOC sell orders on Oasis or EtherDelta.

  1. Install Google Chrome

  2. Install the MetaMask Chrome Extension

    1. Click "Add to Chrome" to Install MetaMask as Google Chrome extension.

    2. Click "Add Extension" to confirm and MetaMask will be added

    3. Create a new wallet by clicking the MetaMask logo and agree to the MetaMask terms and Conditions

    4. Click "Create a new vault" with a strong password and click "OK"

    5. Metamask will show you your seed. Copy and store those 12 worlds, without them you cannot restore your wallet.

    6. In the upper right corner, change to the "Ethereum Main Net" & fund your account

    7. You will need to be logged into MetaMask to use either Oasis or EtherDelta

  3. For OASIS

    1. Go to Oasis

      1. Before you trade you will need to "deposit" ETH. Because ETH does not follow the EIP-20 standard the token needs to get 'wrapped' in a special smart contract first to turn it into an EIP-20 token. This is because ETH existed before the EIP-20 standard existed.

        1. Go to wrap/unwrap and wrap ETH to turn it into W-ETH.

        2. Go to Trade and place new orders or trade existing orders by clicking on an open order on the order book to buy/sell into it.

        3. The first time you make a transaction you will be prompted to set your allowance.

      2. The RHOC market is https://oasisdex.com/#trade/W-ETH/RHOC

  4. For ETHERDELTA

    1. Go to EtherDelta

    2. In the Upper left frame titled "Balance" deposit ETH

    3. In the frame below titled "Volume", select the ETH/RHOC Pair

    4. Place Buy or Sell order in the "New Order" Frame

  5. Caveats

    1. Low Liquidity

@patrick727
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@kdvalentine thanks for the brief how-to's, well formatted

@lapin7
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lapin7 commented May 28, 2017

Thx @kdvalentine. It was clear and I have placed some orders on Oasis.

The board of RChain doesn't feel like registering RHOC on an exchange. They hope more or less that people create in a bottom-up way a market for RHOC.
Now there are about 300 people that own RHOC, maybe they are interested in helping to get RHOC on exchanges.
We can send out a direct mail with this content:

If you're interested in having RHOC on an exchange please raise requests "here" and "here". In the mean time you sell your RHOC at oasis and etherdelta. With below the manual of @kdvalentine .
I can also ask @magicmirage to make a video based on the manual. But before he can do that he has to fill out at least form "SoW" and maybe "Job application" if he feels like.
@kdvalentine @jimscarver @plantether @kitblake could do the same, in order to reward them for their efforts. 🥇 That would be also a good test if that procedure works.

@lapin7
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lapin7 commented May 29, 2017

Hi @magicmirage ,

Please communicate through github and not with personal emails. Like that all interested people can follow the progress.

Great to hear from you. This SoW is a try out. Let's see how far we come.

Start date: 06-01-2017
Duration: 1
Proposal nr: 1

Please create an Epic under
#43. Something like "How to deal on exchanges like Oasis or EtherDelta"

Please collaborate with @kdvalentine and slack@nathanwindsor in order to align things. He's making a video about RChain.

The talk mix is here https://drive.google.com/open?id=0BwX0krsxHncTRUxBVktEdDZHWEk

Once this SoW process is clear. We're going to start with our Decentralized Governance model, i.e. Project proposal, Budget allocation, Funding, Execution.

The video manual about "How to deal on exchanges like Oasis or EtherDelta" could be an example.

--
Cheers,
HJ

On Sun, May 28, 2017 at 11:37 PM, Sam Rogers wrote:
Hi HJ,

Nice to hear from you.

I can make a video based on the manual, no problem.
I just started filling out the "SoW" form but then it asked me to put in the start of the contract and duration, proposal number, etc.

What would you like me to put here?

Cheers,
Sam

Sam Rogers
Filmmaker
samrogers.com.au

@lapin7 lapin7 removed their assignment Jun 10, 2017
@JediJuice
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Where can you buy this Token or is it OTC? EtherDelta has nothing and Neither does OasisDEX?

@lapin7
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lapin7 commented Jun 30, 2017 via email

@lapin7
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lapin7 commented Aug 18, 2017

Any progress on getting more trading in RHOC through exchanges.

Hitbtc request submitted
Changelly request submitted

Has there been any follow up?

@vamvari
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vamvari commented Aug 19, 2017

Changelly just got back to me after i followed up again. they have asked for answers to the following:

  1. What is your product plan?
    How you are going to compete with other currencies?
  2. Do you have wallets or any other services that could potentially allow instant conversion from bitcoin? How many monthly users do you have? We have an instant exchange API and payment widget that can be integrated into many wallets or other services.
  3. Do you have your own blockchain technology?
  4. Are you already listed on Poloniex or Bittrex? What is your daily volume.

@kdvalentine
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  1. Install Google Chrome

  2. Install the MetaMask Chrome Extension or the Parity Ethereum Wallet

    1. Install MetaMask

      1. Click "Add to Chrome" to Install MetaMask as Google Chrome extension.

      2. Click "Add Extension" to confirm and MetaMask will be added

      3. Create a new wallet by clicking the MetaMask logo and agree to the MetaMask terms and Conditions

      4. Click "Create a new vault" with a strong password and click "OK"

      5. Metamask will show you your seed. Copy and store those 12 worlds, without them you cannot restore your wallet.

      6. In the upper right corner, change to the "Ethereum Main Net" & fund your account

      7. You will need to be logged into MetaMask to use either Oasis or EtherDelta

    2. Install Parity

      1. Download the installer that corresponds with your operating system

      2. Once installed, Parity will prompt you to install the Google Chrome extension

      3. The first time Parity runs it will open a browser window at http://127.0.0.1:8180 and you will be prompted to create a new Ethereum account. After account setup, the blockchain will need to fully sync before using a decentralized exchange. Ethereum clients use a listener (TCP) port and a discovery (UDP) port, both on 30303 by default. To speed the discovery of nodes, make sure port forwarding for UDP/TCP is enabled on port 30303

      4. Fund your account

      5. Parity must be running (the Chrome extension will be ‘green’) to trade on the decentralized exchange

  3. Oasis Dex

    1. Go to Oasis

      1. Before you trade you will need to "deposit" ETH. Because ETH does not follow the EIP-20 standard the token needs to get 'wrapped' in a special smart contract first to turn it into an EIP-20 token. This is because ETH existed before the EIP-20 standard existed.

        1. Go to wrap/unwrap and wrap ETH to turn it into W-ETH.

        2. Go to Trade and place new orders or trade existing orders by clicking on an open order on the order book to buy/sell into it.

        3. The first time you make a transaction you will be prompted to set your allowance.

      2. The RHOC market is https://oasisdex.com/#trade/W-ETH/RHOC

  4. EtherDelta

    1. Go to EtherDelta

    2. In the Upper left frame titled "Balance" deposit ETH

    3. In the frame below titled "Volume", select the ETH/RHOC Pair

    4. Place Buy or Sell order in the "New Order" Frame

  5. 0x OTC

    1. Go to 0x OTC

    2. Place a Buy order by choosing the ERC20 token you want to purchasing by clicking the icon. Choose the option to add "Other ERC20 Token"

      1. Add the token name: RChain

      2. Add the token symbol: RHOC

      3. Add the contract address: 0x168296bb09e24a88805cb9c33356536b980d3fc5

      4. Add the Token decimals: 8

    3. Enter in the amount you want to sell & buy

    4. Sign the transaction hash to place your order

  6. Caveats

    1. Low Liquidity

@kdvalentine
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I updated the information to include how to use Parity. I also included directions for placing an order on the 0x OTC. I don't know what the trading liquidity is but it may be a platform that will gain traction given the popularity of the ICO.

@youfoundron
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any moves on this?

@lapin7
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lapin7 commented Aug 25, 2017

The only thing missing on the Bittrex and Bitsquare form is the answer to this question:

If you are an ETH token:
Code review - Was a code review performed on your smart contract? Greg Meredith and Adam Scislowicz performed a code review on the smart contract.By whom? Please provide a link or send us a document of the results

On the other hand the volume of trades on EtherDelta and Oasisdex is growing and the rate seems to stabilise around 0.0008 ETH (20170825).

Also with respect to the discussion about the low added value of getting RHOC listed on known exchanges like Bittrex, Poloniex, BitSquare, we might consider that no further effort is needed, meaning: it stays like it is at the moment. RHOC can only be traded on EtherDelta and Oasisdex.

At the moment there's only one entry for budget allocation on this issue #29. However, I think it would be nice to reward @kdvalentine for his time spent on creating a manual for Parity and EtherDelta. So we need two more Activists that make an entry for issue #29. Otherwise it has no budget allocated.

@kitblake
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I added a budget too.

@Mervyn853 Mervyn853 self-assigned this Nov 14, 2017
@Mervyn853
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Mervyn853 commented Nov 15, 2017

Alright, just got an update from Coinmarketcap, token total and circulating supply have been updated. Also, managed to get them to update the Medium and Github links for better references / backlinks.

I have also made a submission to cryptocompare pending review.

On the issue of exchange listings, I am discussing with some exchanges that are open to listing without payments.

@patrick727 Are we firm on " no intention of funding listings on exchanges " as I am in discussion with contacts that have links to Bittrex and that will require an additional compliance fee for listing.

I think this might be beneficial to everyone since contractors / members get remunerated in RHOCs and ED seems to have very little liquidity to accept the RHOC sales.

@kitblake
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@Mervyn853 Bravo!
We would very much like to be on Bittrex so (it's not my decision but) I think we'll make the compliance fee happen.

@lapin7
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lapin7 commented Nov 15, 2017 via email

@patrick727
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Firm no on funding/supporting any type of listing.

Really important guys, the co-op is really supportive of a lot of activism, but this matter specifically is a must avoid. Hands tied.

Please don't continue to push further on ways the cooperative can, even indirectly, support this.

I am, personally uncomfortable with it even being an issue on github. It's been very clear this can only be an independent activity. There is no creative workaround.

RHOC is a coupon redeemable for REV, that's it.

@Mervyn853 If individuals or entities consider it "beneficial" enough then they will proceed autonomously. If you consider it to have that much value then its worth the sunk cost from you as an individual or as a group of individuals that are independent.

Sorry

@lapin7
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lapin7 commented Nov 15, 2017 via email

@kitblake
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Imho, don't ask. The coop cannot do anything that makes the RHOC look like a security.

There are dangerous rumblings, like an interview with the SEC chairman, that indicate he's thinking that ICOs are issuing securities, and should be subject to the same regulation.

We already have a go, as Members, to get RHOCs listed on additional exchanges. Let's leave it at that. (And make it happen.)

@patrick727 This convo is in the Members area of Github where all kinds of brainstorming happens.

@Ojimadu
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Ojimadu commented Nov 20, 2017

I think if there is a legal acquaintance who can advice on this before we proceed that would be better.

@dckc
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dckc commented Nov 21, 2017

Last night I confirmed that the https://etherdelta.com/#RHOC-ETH smart contract exchange works as advertised.

@patrick727
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@kitblake thank you

I'm still personally uncomfortable with this issue specifically.
Is why I removed myself mostly from this convo.

@derek7272
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derek7272 commented Nov 22, 2017 via email

@kemihu2011
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kemihu2011 commented Nov 22, 2017 via email

@derek7272
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derek7272 commented Nov 22, 2017 via email

@kemihu2011
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kemihu2011 commented Nov 22, 2017 via email

@azreed1141
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azreed1141 commented Nov 23, 2017

Hello everyone,

Super noob here. My first ICO and I am wanting to send my RHOC tokens to Etherdelta to sell. I need help though. I have Meta Mask, when I get taken to my Etherscan account it shows me how many RHOC tokens I have. I have no idea how to send those tokens to an Etherdelta account though? PLEASE HELP!! THANKS!!

@kdvalentine

@jimscarver
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jimscarver commented Nov 23, 2017 via email

@lapin7
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lapin7 commented Nov 28, 2017

@azreed1141 Hi, if you scroll up then you find an explanation of @kdvalentine
Could you please send your email to ops@rchain.coop? Then you can participate in the collaboration and earn RHOC

@ian-bloom
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ian-bloom commented Nov 28, 2017

@lapin7 - Please remove this bounty. I'm closing this issue because it goes against what the other directors of the Cooperative, as well as counsel have advised regarding the classification of RHOC/REV as a security vs utility token.
If you disagree, please take it up with the other directors before encouraging efforts in this direction.

@kitblake
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@drbloom, there's a governance overstep here. The Members have the right to do as they wish with their tokens. They can trade them, and if they wish they can get the RHOC listed on additional exchanges. The board cannot make a decree and forbid Members from such an effort. Only the Members can decide such a thing.

What the board can do – and is doing – is make it clear that the Co-op itself cannot support, financially or otherwise, efforts to get the RHOC listed on more exchanges. I agree that removing the long-running bounty from the rewards program would be prudent. So I just did (Members who disagree are welcome to argue with me).

This issue goes back to May 4th and contains a lot of valuable information, such as how to deal on various exchanges. It's also linked from media channels and the FAQ. Even if it's closed, the links will still work. So I'm reopening it with this comment to make it findable.

If the Members want to discuss aspects of RHOCs on exchanges, they have the right to do that here. This is the /Members forum.

@kitblake kitblake reopened this Nov 29, 2017
@dckc
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dckc commented Nov 29, 2017

Making it findable is not a good reason to re-open an issue. If you want it findable, @kitblakke, make links to it.

An open issue represents work to be done (even if just answering a question). As documented in CONTRIBUTING, an open issue in this repository represents work we intend to do, as part of the bounty program, sponsored by the co-op. So it's a contradiction to say that discussion here is not supported by the co-op.

Speaking of links to this issue and of other directors, the link to this issue from the the FAQ was approved by Ed Keyholt Aug 19 in rchain/reference#7 and merged by him in 2fb0410. He was a director at the time, wasn't he, @drbloom? Remind me where the directors and counsel have spoken against work such as this? Let's get any inconsistencies cleared up.

@dckc
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dckc commented Nov 29, 2017

Also, @kitblake , as to what rights members have, we agreed to give up some rights when we executed the membership agreement:

A. Acceptable Use Policy.
2. Harmful Conduct. Member agrees not to act in such a way as to ... (c) be in violation of any law ...; or (h) perform any other act that is harmful or injurious to other Coop members.

A member who knowingly acts against advice of co-op council regarding legal issues and the value/status of RHOC would seem to run afoul of that policy.

@ian-bloom
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@kitblake, I agree that there is valuable information here, but links to closed GitHub issues work just fine. There is no governance overstep. Nobody is telling members what they can and can't do with their tokens. No decrees or prohibitions have been made. Closing an issue is not censorship.

The Co-op's board has made clear that it will not take action to list RHOC on exchanges. Now that HJ is on the board, we have the situation where a director is paying members to act against policy. I trust HJ to work this out. @lapin7

@lapin7
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lapin7 commented Nov 29, 2017 via email

@lapin7
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lapin7 commented Nov 29, 2017

I close this issue #29 because of my organizational position. That doesn't stop somebody else from opening it in a new issue ;-)

@lapin7 lapin7 closed this as completed Nov 29, 2017
@kitblake
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To follow up with @dckc: taking your commentary into account, in the Members meeting we made a consensual decision to close this issue.

Coincidentally, in the Debrief meeting that followed, the RHOCs on exchanges issue came up and Ed and Greg cleared up inconsistencies (and we still all agree that setting a bounty on the issue is a bad idea).

@lapin7
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lapin7 commented Nov 30, 2017 via email

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