Hi, I have some thoughts to build a fully decentralized exchange solution for NEM - NEMSwap.
Here are some pain point and ideas:
- NEM invented Mosaic ahead of most competitors and didn’t move into exchange business. Most mosaic was created and can not be traded on market. No trade, No value.
- Exchange market is moving from centralized exchange mode (HUOBI, etc) to semi-decentralized exchange mode (uniswap, etc). It is opportunity for us to lead ahead, and push to a fully decentralized exchange mode - NEMSWAP. Every one can own an exchange.
- AMM - automated market maker, invented by Uniswap provides an opportunity to move the exchange business to fully decentralized. Exchange is not pending on order book anymore. The algorithm based on the liquidity pool to determine the price.
I need smart brains, to build a virtual core team, develop a fully decentralized exchange engine for every mosaic issuer.
please drop me a note, if you are interested to participate. I could setup a telegram group soon to continue this topic.
Please feel free to provide your inputs.
I am worry about current status of NEM eco-system. We need to bring NEMSwap into market as earlier as possible.