Given the shift to #UXTO to ultimately support of coloured coins via largely the notion of saving state per coin colour balance, there is an opportunity to latch this type of capability to a (qubic) Smart Contract backed bid and ask positions posted to the Tangle to be ‘surfaced’ as bid/ask prices on a #DEX investors can refrences as a reliable trusted price with a validity time period , which would, for the first time surface ‘trusted price discovery” in the world of crypto exchanges, finally getting rid of the ‘naked” positions (market manipulation cheating)currently algorithmic-ally driven by today’s crypto automated trading systems which are using “mob” multi-price positions to affect price direction (up or down) to the advantage of those bi, well financed speculators piloting such mobbing advantages for pure speculative gain (usually made via side #OTC (bets) transactions).
Proportional Staking “PropoS” (to the amount of the bid/ask position) recorded in the SC posted to the DL(#Tangle) is also imo, an excellent way to instill trust for such SC controlled bid/ask positions, in otherwords, if the investor removes the trade (typical naked action ) before the SC time stamped deadline, a monetary penalty previously set in the posted SC bid/ask (a percent of the position) is auto transferred to a DEX Wallet, held in trust, then for example, periodically auto air-dropped (proportionate to trade activity might be one metric) as a bonus to those investor wallets that have traded fairly (not pulled their position) and frequently.
#Trusted_Price_Discovery (that is the bid or ask position is staked and time period bound (time stamp start/finish) with a Smart Contract, where the value and state is mutable during the period of the #SC posted to the #Tangle for instance so traders can adjust their bid ask positions, and there is an audit trail with in the trade period they sign up for in the SC) can be HUGE for IF and the #IOTA community at large.
That said, It’s only a HUGE opportunity for IF when specifically someone at the IF owns the “Trusted Price Discovery” USE Case and, the IF secure a grizzled “been there done that” dev leader with a biz math/stock market brain and the trading dev experience that goes with it, coupled with like minded members of the IOTA community and #IEN who together, can get their collective heads around how to solve this “ #killer_app ” challenge, making use of the IOTA tech advances nicely emerging at IOTA, which imo, is in a better than average position (relative to other cryptos) to finally solve ‘Trusted Price Discovery on for a crypto DEX’
IF and the IOTA Community doing the above, would finally lead to“Safe, Trusted (audit trail backed) Trading and Settlement” for crypto exchanges (especially an SC equipped TANGLE backed DEX , similar to what is found (in some respects in Futures and Commodity Trading Markets).
My 2 cents.. ;) Great work , keep on chugging!
r2
