News/Information

What Is A Swap?

08/07/2019 12:15:35 PM


What Is A Swap?

 

In a few words, a swap is when a Coin or Token Blockchain is replaced by a new one.

There are many types of swaps and there is not a clear definition for each so we will explain the main two of the swaps Tradesatoshi had during its history as a Cryptocurrency Exchange.

Full swap: is when a Coin or Token moves to a new Blockchain and the old chain became obsolete, this type of swap usually has a deadline and all coin holders must move their coins or token to the new chain and after the deadline the old coin or token became obsolete.

Partial swap: is when a Coin or Token moves to a new one but the old Blockchain is still accepted as part of the Cryptocurrency , so basically is two Blockchain one coin, an example of this is the BNB token on the ETH Blockchain , BNB swapped into a new Cryptocurrency with its own Blockchain and the old BNB ERC20 tokens are still traded on many Cryptocurrency Exchanges.

Swaps also happen on the FIAT monetary system, for example recently Venezuela, they had many new monetary system in the past few decades because of hyperinflation, once the currency became inflated they issue a new currency basically removing zeros to make it more easy to use and to carry.

 

Why there are swaps?

 

The final decision is made by the team behind the Token or Coin and there are many reasons why they do this, usually this is announced by the Coin or Token team and that reason is explained to the coin holders.

Some of the main reasons why a coin or token is swapped is because:

Problem on the code that cannot be fixed.
Upgrades that are not compatible with the old code.
Coins with own Blockchain moving to tokens on other Blockchain like ETH or TRX.
Tokens on other Blockchain like ETH or TRX moving to its own Blockchain.
 

The Coin or Token will have the same name after the swap?

 

This is also up to the team behind the coin, in the majority of cases it will retain the same name and ticker, on other cases it will re-brand to a new name or ticker.

 

Will i receive the same amount of coins after the swap?

 

This will depend on the ratio set by the team behind the coin, most of the swaps the ratio is 1:1 but for some this ratio is different so after the swap the coin holder will receive more or less coins.

 

How is the process of swapping?

 

The team behind the coin is responsible on provide a complete guide and assist the holders to swap into the new Blockchain . The swapping process is more easy when the coin or token team work directly with exchanges and wallet providers so the holders on those platforms will receive the new coins or tokens automatically, unfortunately in some cases the coin or token team decide to do the swap outside exchanges and wallet providers so the swap process became more difficult for the holder.
Usually swaps are done this way:
Automatic swap done by the exchange or wallet.
Application where the holder send old coins and receive the new.
Website where the holder send old coins and receive the new.
Offline, where the coin or token holder needs to send directly to the team and then they send them the new.

Swapping coins for a holder that dont have an understanding on how Blockchain works have its risks, we advice you to contact the coin or token team before swapping by yourself.

 

Are exchanges or wallet providers in the obligation to do swaps?

 

Absolutely not, exchanges and wallet providers are not on the obligation on swapping the users coins, some of the reasons are because there is risks involving doing the swap and the old or new coins can be lost, the exchange or wallet provider need the cooperation of the token or coin team to assist on the swap and sometimes they refuse to help or provide the new coins.

 

Are exchanges or wallet providers notified by the coin or token team of incoming swap?

 

Usually yes, we get notification that there will be a swap and we assist the team on doing it as smooth as possible that the user even notice it.
Unfortunately sometimes the coin or token team don't inform us about the swap and they swap their coin and refuse to cooperate on swapping the coins on our site.

 

What will happen if a coin or token is swapping and i decide to leave them on Tradesatoshi?

 

Users needs to check our news page for updates, usually if we been notified about the swap and we will support it we will post about it on the news page, if this is the case then you can leave your coins on Tradesatoshi and they will be swapped automatically.

In the case that we will not support the swap, we will also announce it on the news page, and we will set a delisting date for the users to withdraw their coins and do the swap outside Tradesatoshi.

In the case that the coin team decide to do a swap and don't notify us, Tradesatoshi will contact the coin or token team and ask for a clarification regarding the swap, Tradesatoshi will put effort and ask the team to provide the new coins, if the coin team refuses to cooperate unfortunately the swap will not be possible and the coin or token will get delisted, if this is the case we advice you to ask the coin or token team directly.

 

Swaps are common within Cryptocurrencies, if you are a long term coin or token holder we advice you to always check for news about the assets you are holding so in the case of a swap you will not lose your investment.

Published by: KimTheCat

ZEL wallet is back online

08/07/2019 09:14:07 AM

Published by: ModDonnie

NYAN Delisting

07/07/2019 07:28:54 AM

 

NYAN will be delisted on July 15 2019


 

Please withdraw all your coins before July 15 2019, withdrawal after that date will not be possible

Published by: KimTheCat

WINCOIN Listed

07/07/2019 02:20:53 AM


WINCOIN $WC Listed on Tradesatoshi Cryptocurrency Exchange You can now trade $WC on $BTC $DOGE  $USDT and $ETH base markets

Published by: KimTheCat

SAFEX Delisting

04/07/2019 08:57:22 AM

 

SAFEX Delisting

 



 

Tradesatoshi announced the delisting of SAFEX on May 1 2019
Trading was set to stop on June 1 2019 and delisting date will be on July 1 2019
 

Tradesatoshi gave 30 days to its users to trade SAFEX on the pairs BTC DOGE ETH USDT and LTC and 60 day to withdraw.
 

Tradesatoshi never changed or announced other dates as the ones announced on May 1 2019 and that can be viewed here https://tradesatoshi.com/News/314/Due-an-ongoing-swap-on-SAFEX
 

SAFEX is a token that runs on top of the Bitcoin Blockchain, Tradesatoshi uses OMNI a client for OMNI tokens, Tradesatoshi's OMNI wallet was put on maintenance on May 20 2019 and it was announced here https://tradesatoshi.com/News/326/We-are-currently-doing-some-maintenance-on-our-OMNI-wallet



OMNI Foundation who are the developers of the OMNI wallet announced that there is a bug that affect the wallet when is restarted "We have identified an edgecase issue in Omni Core affecting client startup." a tweet from them about this can be seen here https://twitter.com/Omni_Layer/status/1121412541928939520 unfortunatly Tradesatoshi's OMNI wallet needed to be restarted and it toke six days to bring it back online, this downtime was unexpected and not under the control of Tradesatoshi. Wallet was back online around May 25 2019 and this can be verified by viewing Tradesatoshi's OMNI Hot Wallet address 18rKsxwrdHxrfPjzAqNuxYr37wNNrxgrqy on the block explorer.

On June 1 2019 Tradesatoshi announced that SAFEX markets are now closing and that SAFEX will be delisted as scheduled on on July 1 2019  https://tradesatoshi.com/News/342/SAFEX-markets-are-now-closing

On July 1 2019 SAFEX was delisted as scheduled.
 

During May 1 and July 1 2019 Tradesatoshi processed over 300 withdrawal from over 200 users, also recover SAFEX sent to wrong user deposit addresses like BTC or USDT.

Many users reported that they cannot withdraw because they were trying to send the old SAFEX to the new SAFEX blockchain.
 

Unfortunately some individuals have spread false information about the SAFEX maintenance and changes on the delisting dates.

We advice our users to visit https://tradesatoshi.com/news to get the latest information about coins on Tradesatoshi.

Tradesatoshi also warn its users of fake Telegram groups and scammers https://tradesatoshi.com/News/375/Fake-Tradesatoshi-Telegram-Group-And-Scammers

Published by: KimTheCat

Elite 1337 Trading Competition WIN 2500000 1337

03/07/2019 15:26:20 PM

 

Elite - 1337 Trading Competition, WIN 2500000 1337

 

 

Tradesatoshi is glad to announce a new Trading Competition for this July 6 2019. Users will be ranked on the total 1337/DOGE volume traded (Buys and Sell included).

Top price for the number 1 of the list will be a Ledger Nano

Conditions:
Trading competition will start at 09:00 UTC July 6 and will end at 09:00 UTC July 14 2019. Users ranked with the highest volume on the pair 1337/DOGE will win a shared pool of 2500000 1337
 

Prices:
1. Top 1 trader will receive a Ledger Nano
2. Top 2 - 5 traders will receive 200000 1337 each, Total shared pool value 800000 1337
3. Top 6 - 25 Traders will receive 50000 1337 each, Total shared pool value 1000000 1337
4. Top 26 - 50 Traders will receive 28000 1337each, Total shared pool value 700000 1337


Examples:
1. If a user 1337/DOGE trading volume is on the top 1, user will receive a Ledger Nano
2. If a user 1337/DOGE trading volume is on the top 4 - 5, user will receive 200000 1337
3. If a user 1337/DOGE trading volume is on the top 6 - 25, user will receive 50000 1337
4. If a user 1337/DOGE trading volume is on the top 26 - 50, user will receive 280001337
 

Winners of Elite - 1337 Trading Competition are listed below

 

 

Rank Name Traded
1 P**k 160247.0479037
2 f**m 69629.66350211
3 T3R****0RM 49984.49837104
4 Ke**yx 46612.99542576
5 Sco***on 36646.32866675
6 njm***74 36485.57206025
7 du***r 33036.91914919
8 napp***lze 24998.34465706
9 dr***pps 23404.25715497
10 G**era***AbA 17133.10425746
11 barac***ss 16513.50368812
12 ph**l 14061.56852433
13 fl***dix 12830.73037164
14 Do***om 10808.56667151
15 ir**aam***va 10377.09849315
16 Jim***ma 10166.12668656
17 bl***er 8632.08095591
18 Fo**er 8572.97813677
19 fre***ld 8233.18926575
20 df***be 8051.61791504
21 online***sa 7992.10476862
22 mil***49 6656.16602425
23 J*hnda***mb 6428.79391794
24 info**ectr***rte 5524.7429524
25 egy***333 4639.05874062
26 fr*nc***him 3972.0086598
27 Vo**Ra 3270.74108524
28 tib***ust 3185.05215606
29 r***lna 3155.44999502
30 lo***eh 3011.5040503
31 Trad***02 2934.11422087
32 j**eto 2851.36161433
33 iva**et 2526.34159024
34 Ry***ato**i88 2509.03555582
35 Pi**xo 2284.96145128
36 Jr***n19 2187.8609779
37 l**robi***in 1979.47054347
38 Pi***_1337 1887.61957655
39 andr***101 1764.31132937
40 fre**eproi***go 1667.40543326
41 eg*cog***re 1412.63843757
42 ha***_304 1385.4183287
43 Ju**19 1247.38512818
44 Leo***o81 941.11567759
45 R***234 887.08001563
46 d***i33 824.88008335
47 x*s 658.52347093
48 ni***olt 596.25919026
49 vi***k0 520.92227832
50 Dan***en 519.25580581

 

*Tradesatoshi reserves the right of final interpretation of the competition. Those users involved in competition manipulation will be disqualified. All rewards will be distributed among those traders who do not participate in these types of manipulative tactics.

Published by: KimTheCat

Fake Tradesatoshi Telegram Group And Scammers

03/07/2019 12:07:12 PM


Be Aware Of Fake Tradesatoshi Telegram Groups And Scammers!
 

ATTENTION Please !!
 

We found that some scammers created a FAKE Tradesatoshi Telegram group!
This Telegram group @tradesatoshigroup is not managed by Tradesatoshi.

We have receive reports that scammers impersonating Tradesatoshi are often asking members to pay BTC in exchange of support.
We have received reports that this telegram user @iramdelcastillo and @AnhLG are often interacting with this scammers and also spreading false information about Tradesatoshi.









@iramdelcastillo's name is Iram Mag Diel Tavera Del Castillo and is linked to KNT





Iram Mag Diel Tavera Del Castillo often interact with scammers and spread false information about Tradesatoshi.










Iram Mag Diel Tavera Del Castillo has been caught before spreading false news on a fake newspaper Facebook page he created, this news about the Mexican military shooting and killing civilians cause terror, alarm and fear, this was exposed later by the newspaper https://www.periodicogritoinformativo.com on its Facebook page where over 170 comments rejecting Iram Del Castillo actions https://www.facebook.com/grito.informativo/posts/1986777198043274






Iram Mag Diel Tavera Del Castillo has been linked as the manager of the social media accounts for the Mexican Cartel "La Sosa Nostra" as this blog post from an unknown source http://iramdelcastillo.blogspot.com/ claim Iram Del Castillo used fake social media accounts so the Cartel can gain Political control over the city of Hidalgo.





Iram Mag Diel Tavera Del Castillo often interact using social media with SAFEX advisor Richard Bate and SAFEX CEO Daniel Dabek, Richard Bate and Daniel Dabek also have spread false information about Tradesatoshi before.
https://archive.fo/VAYOf
https://archive.fo/QfbW9










Iram Mag Diel Tavera Del Castillo often interacts using social media with BUZZ developer Maxim Polyarniy, Maxim Polyarniy has also spread false information about Tradesatoshi on social media before.
https://archive.fo/XGO6y







Iram Mag Diel Tavera Del Castillo is "Tracking" Tradesatoshi members with the intention of some "Legal action", We advice our Venezuelan members to contact police if they feel threatened or if they been harassed by Iram Mag Diel Tavera Del Castillo.



We had already reported this to Telegram and Police.
We advice our users to be aware of scammers and report them to police.

Published by: KimTheCat

How To Create A Tradesatoshi Account

03/07/2019 08:42:25 AM


How To Create A Tradesatoshi Account

First of all you need to make sure you are visiting tradesatoshi.com by checking on the url of your browser.

1. Visit tradesatoshi.com in a web browser. No matter what type of device you use, you can sign up for a Tradesatoshi account at tradesatoshi.com.
 

 

2. Click on the Sign Up button.


 

3. Enter your account details:
     Username: The username of your choice.
     Email: Your email address
     First name: Your first name
     Password: Must have one capital letter "P" one special character "#" and one number "1" it needs to looks like this example Password1#
     Read the terms and conditions and click agree if you agree
     Solve the Google Captcha
     Click on "Sign Up"



 

4. You will be redirected to a page confirming that you signed up successfully.



 

5. You must go now to your email inbox and open the email that Tradesatoshi just sent and click on "Verify Email".


 

6. Congratulations, your account is now active and you can now log in.


 

7. Enter your Nickname and Password and solve the Google Captcha.



 

8. You are now logged in and you can see your user menu, profile, wallet address and more.


Published by: KimTheCat

BSV Tradesatoshi Trading Competition WIN 10 BSV

03/07/2019 07:18:24 AM



 

Tradesatoshi is glad to announce that it will host its first Trading Competition this Jun 1 2019. Users will be ranked on the total BCHSV/BTC volume traded (Buys and Sell included).

Conditions:

Trading competition will start at 00:00 UTC June 1 and will end at 00:00 UTC June 8 2019. Users ranked with the highest volume on the pair BCHSV/BTC will win a shared pool of 10 BCHSV

Prices:

  1. Top 5 traders will receive 0.75 BCHSV each, Total shared pool value 3.75 BCHSV
  2. Top 6 - 25 Traders will receive 0.25 BCHSV each, Total shared pool value 5 BCHSV
  3. Top 26 - 50 Traders will receive 0.05 BCHSV each, Total shared pool value 1.25 BCHSV

Examples:

  1. If a user BCHSV/BTC trading volume is on the top 5, user will receive 0.75 BCHSV
  2. If a user BCHSV/BTC trading volume is on the top 6 - 25, user will receive 0.25 BCHSV
  3. If a user BCHSV/BTC trading volume is on the top 26 - 50, user will receive 0.05 BCHSV

* Tradesatoshi reserves the right of final interpretation of the competition. Those users involved in competition manipulation will be disqualified. All rewards will be distributed among those traders who do not participate in these types of manipulative tactics.

 

 

Winners of BSV competition are listed below

 

Rank UserName BSV Traded
1 Roh****6 49.33963842
2 Clo***o 47.81642724
3 sum*******o 41.84664826
4 chi**********3 40.48737806
5 ph**l 9.99177071
6 sri****p 8.87577972
7 s**h 7.55077822
8 boz**k 7.53126470
9 gm**1 6.08195850
10 sa***7 5.92301318
11 jua***a 5.75967655
12 qwe**8 5.35473979
13 su**1 5.34315825
14 lot***3 5.23026973
15 ss**1 4.55254065
16 sa***7 3.72125586
17 S*T 3.57671772
18 Jim****a 3.54287762
19 Sto*****1 3.03274760
20 jag***6 3.00415909
21 Fil***d 2.90331925
22 fre******o 2.79743562
23 vac***a 2.79603008
24 ke***l 2.75603364
25 EA****e 1.98499761
26 Os**o 1.79263963
27 mat*****a 1.37498510
28 Nat****n 1.37438288
29 ego*******e 1.35710214
30 js***o 1.07544964
31 edu***************8 0.78600678
32 Vo***a 0.77693471
33 Si***a 0.65559407
34 was*******2 0.65319287
35 Pe***i 0.59769017
36 drp****s 0.59534180
37 Fut***k 0.57069919
38 onl*******a 0.53054159
39 Has***a 0.47709104
40 fac******f 0.47025556
41 Rul******v 0.40501810
42 Sh***t 0.37820491
43 oho***k 0.31945796
44 jef******5 0.31224656
45 shu***l 0.26579557
46 bri****t 0.25909049
47 4er***** 0.20737745
48 Ka***i 0.19897356
49 Ram*****6 0.19422654
50 wil******4 0.19094772

 

 

Published by: KimTheCat

eBoost Trading Competition, WIN 20000 EBST

03/07/2019 07:05:14 AM

 

eBoost Trading Competition, WIN 20000 EBST

 

 

Tradesatoshi is glad to announce its second Trading Competition this July 1 2019. Users will be ranked on the total EBST/BTC volume traded (Buys and Sell included).

Conditions:
Trading competition will start at 09:00 UTC July 1 and will end at 09:00 UTC July 12 2019. Users ranked with the highest volume on the pair EBST/BTC will win a shared pool of 20000 EBST
 

Prices:
1. Top 5 traders will receive 1500 EBST each, Total shared pool value 7500 EBST 
2. Top 6 - 25 Traders will receive 500 EBST each, Total shared pool value 10000 EBST 
3. Top 26 - 50 Traders will receive 100 EBST each, Total shared pool value 2500 EBST


Examples:
1. If a user EBST/BTC trading volume is on the top 5, user will receive 1500 EBST 
2. If a user EBST/BTC trading volume is on the top 6 - 25, user will receive 500 EBST 
3. If a user EBST/BTC trading volume is on the top 26 - 50, user will receive 100 EBST
 

Winners of eBoost Trading Competition are listed below

 

 

Rank Name Traded
1 fr***e**ro 0.048383960
2 ref***1 0.042322900
3 d***er 0.035390880
4 t0l***uk 0.030983330
5 C***rader 0.024914560
6 ersh****11 0.020122340
7 Ro****h6 0.019728800
8 di**s****hmare 0.018985170
9 the***ak 0.018014140
10 cz**ix 0.015784250
11 sb*h 0.015774410
12 bri**ost 0.014919700
13 just****own 0.014775890
14 Da***2me 0.013444110
15 Pov***no 0.012072930
16 Ra***ee**40 0.011272290
17 Clo***o 0.010828810
18 Ga***mul 0.008344430
19 muna****e 0.007680140
20 4er4****2 0.007246890
21 Rh***nion 0.006648860
22 ran***pr**hu 0.006513090
23 pa**om 0.006290320
24 SO*F 0.006228650
25 Mo***edH**awy10 0.006165850
26 SG***ory 0.005651130
27 ak***lhi 0.005504670
28 ge***y2590 0.003682440
29 Rul****oev 0.003566640
30 jsv**o 0.002972630
31 sup***assey 0.002592450
32 x1***ce 0.002405620
33 dok***ot 0.002385450
34 R*bo***shi88 0.002304800
35 s***t116 0.002300890
36 B***um01 0.002264660
37 grue***gen 0.002217340
38 jag**96 0.002200000
39 Os**o 0.002179630
40 stars****er73 0.002068020
41 Jor****birin 0.002012840
42 Subo****hait 0.001998000
43 S*o**h 0.001986100
44 jef***8035 0.001704920
45 Ra****1981 0.001617230
46 ar***666 0.001465250
47 fi***achi 0.001407540
48 Fu***rk 0.001356110
49 an**00 0.001336840
50 han***_304 0.001288320

 

*Tradesatoshi reserves the right of final interpretation of the competition. Those users involved in competition manipulation will be disqualified. All rewards will be distributed among those traders who do not participate in these types of manipulative tactics.

Published by: KimTheCat