Instructions for depositing ‘The DAO’ tokens for trading
We have provided instructions for depositing DAO tokens via MIST and MyEtherWallet. You will be able to trade these deposited tokens for ETH and BTC after the creation phase.
https://btcmarkets.net/dao-tokens-mist
https://btcmarkets.net/dao-tokens-myetherwallet
The BTC Markets Team
‘The DAO’ tokens to be added to trading platform
BTC Markets is pleased to announce support for ‘The DAO’ tokens on the 28th of May: the same day that the creation phase of ‘The DAO’ ends. The platform will initially go live with ETH/DAO and BTC/DAO markets. After the creation phase it’s possible for token holders to transfer ownership and deposit tokens onto BTC Markets for trade. This will place BTC Markets as one of the first exchanges in the world to add support for ‘The DAO’ tokens.
What is ‘The DAO’?
Built on Ethereum, ‘The DAO’ is a for-profit Distributed Autonomous Organization that utilises crowd wisdom to benefit it’s owners (token holders). Unlike traditional companies that have a delegated management structure, The DAO operates through collective voting, and it’s controlled by anyone who has purchased a token. In addition to it’s token holders, there is group of Curators that can be voted in or out. The aim of ‘The DAO’ is to use the equity it controls to support projects that will provide a return on investment or benefit to the DAO and its members, and benefit the decentralized ecosystem as a whole.
A new type of organisation is born
We are extremely excited to watch ‘The DAO’ unfold. It’s one of the most clear cut uses of Ethereum so far. At the time of writing this, an enormous $139 million USD is available for proposal investment. It’s going to be fascinating to see what proposals the token holders will create and fund.
Stay tuned for some MIST and myetherwallet tutorials on how to deposit your tokens for trading.
The BTC Markets Team
Introducing Ethereum to BTC Markets
Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Very recently Ethereum has exceeded $1 billion USD in market capitalisation. This makes it a strong contender to Bitcoin with a growing potential. At BTC Markets we are excited about Ethereum and the innovation potential surrounding it. Decentralised Ethereum applications (DAPPS) are already doing things like insurance, healthcare, social networking, micro payment processing, music streaming, crowd funding, advertising, credit rating, carbon offsetting, KYC, Uber and even managing entire organisations (Decentralised Autonomous Organisations (DAOs). A more comprehensive list can be found here – http://dapps.ethercasts.com/
A new Market for Ethereum
BTC Markets will be the first to launch a full AUD/ETH marketplace. This will be the first to have an Australian dollar directly pegged against the value of an Ether Coin. We have also launched a BTC/ETH pair for the convenience and liquidity of international traders who want to trade ETH quickly without having to deal with AUD and verification.
New Fee Structure for BTC Markets
All BTC Markets now have a flat 0.22% trading fee. AUD Markets will still have the volume discount model that can be discounted to 0.1%
Coming soon – Maidsafe and Factom
In the coming weeks the team will be preparing to launch Maidsafe and Factom markets. This will allow traders to diversify their investment in what we believe is other promising technology.
We are pleased to annouce that BTC Markets has now been added to Coinorama
We are pleased to announce that we have successfully traded over $57,000,000 since our launch in 2013, with the vast majority of that trade in the last year.
The BTC Markets Team
Our team has deployed updates to the API and website.
For Australian residents the trading fees are now inclusive of GST. The fee schedule will continue from 0.85% to 0.1% with some adjustments made to the volume discount scale. Please see our fee schedule for the full details. Best Regards,
The BTC Markets Team
BTC Markets is pleased to announce that our 5000+ users have traded over $10 million AUD worth of BTC and LTC since it’s launch. A big thank you to our loyal customers who have helped achieve a great milestone for an Australian digital currency marketplace.
To celebrate this milestone, we will be dropping all fees (0%) between Friday 10th October 6PM and Sunday 12th October 6PM. All orders placed during this time will be commission free and will contribute towards your volume discount.
Happy trading & Best Regards,
The BTC Markets Team
