The @Beachguy Polarity Challenge
Goal: To get us listed on Polarity!
Cost Goal Reach – $3200 is ALIAS/BTC
Exchange fee = $1400 (50% ALIAS/ 50% BTC)
Hosting Fee = $300/yr (year one is covered!)
Collateral Wallet for market-making = $1000 in ALIAS/BTC
Press Release/co-marketing efforts = $500 ALAIS/BTC
Major highlights of the Exchange
- 2FA Blockchain Security Wallet & Crypto Exchange
- Privacy Community
- Market making support
- Associations with BPSAA
- Low fees
Bonus – @Beachguy is willing to match EVERY donation 1 to 1 for the Listing Fee! Until we reach our goal.
Donation Wallet Addresses and QR Codes
ALIAS PRIVATE DONATION QR
Polarity Exchange Challenge (PRIVATE-ALIAS)
ALIAS PUBLIC DONATION QR
Polarity Exchange Challenge (ALIAS)
MONERO DONATION QR
Polarity Exchange Challenge (XMR) 83UjdZwxHeeMkNrWoySEqDZktorVgXPd2crnPfCX2bTHA3jidsoXbn2LkeEN6PkrN9hpu18SRZcJc5gsaTVTXGE23kYsrzo
BITCOIN DONATION QR
Polarity Exchange Challenge (BTC)
MORE ABOUT POLARITY
What is Polarity
Polarity is a Stablecoin Exchange Platform. It leverages user familiarity by using USDT (Tether USD) as the exchanges’ base pair, not Bitcoin, making the experience closer to legacy finance.
It is running on a decentralized network for the vast security benefits it provides users and the company running Polarion exchange.
CEX vs DEX
Centralized exchanges are often criticized for their lack of security, given that over $4 billion worth of cryptocurrencies have been stolen from exchanges between 2011 and 2017, according to a Reuters estimate. In addition, the KYC process and local regulation on exchange impedes some users managing their assets conveniently. As such, more and more crypto pioneers are seeking solutions from Decentralized Exchange Technology.
The order-book itself is still managed centrally (On a service called a matcher) but the transfer of assets is completed on-chain and the rules of the exchange are built into the network regardless of the order-book (https://docs.wavesprotocol.org/en/blockchain/transaction-type/exchange-transaction).
What are the Fees Here?
What technology is Polarity built on?
What network is it running on?
What are the listing requirements?
- 5000 USD equivalent of the token for market depth collateral
- Active community larger than 10,000 users
- Open to promotional related arrangements
How do deposits and withdraws work?
What are gateways?
All assets you deposit by the gateway are automatically wrapped in a similar process to WBTC (https://decrypt.co/resources/what-is-wbtc-explained-bitcoin-ethereum-defi).
This allows users to transact with all the exchange currencies without having to wait for native chain block confirm times, unlike Atomic Swaps.
Blocktimes with us are nearly instant thanks to Bitcoin-NG scaling consensus.
Custodial vs. Non-Custodial?
When you initiate a Polarity Service Account, you will notice you do not have the keys to this account, this is a “broker-managed” account type.
Custodial “broker-managed” funds can be withdrawn at any time, they are here however to provide access to other Polarity services.