#Trading System

1 messages · Page 1 of 1 (latest)

weary kite
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We should introduce an exchange system for NFTs. Ownership is worth much more if you can exchange the goods.
For example, it would be a much better experience if you could swap the Illuvitars with each other.
What speaks against Illuvium integrating this? Why wait for a third party solution that would be significantly less secure?

split rock
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I believe they don't want to make this because there is no return

weary kite
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a better quality product will get us more return

woeful knoll
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There could be a fee for using the platform.

split rock
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I'm just afraid blockchain team is busy with other stuff now
We don't want to delay game launch

woeful knoll
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Totally agree, more of a maybe in the future idea.

delicate elbow
split rock
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True

soft ruin
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IMX wasn't opposed to it. They just didn't say that they would make it themselves. Probably going to have to be an initiative by the community 🙂

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I must add, i have no clue how IMX operates. Still haven't read through their overview of fees page either

vague snow
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opensea has Deals
x2y2 has Private Sale
it is safer for OTC deals using a marketplace feature, instead of "i send you eth, you send me nft" or using a middleperson.

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it is possible to do this, but you have to bridge the NFTs to L1 first

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we are relying on IMX, and as we know, it can take awhile to implement new features

split rock
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OS said they would support IMX like 2 years ago 😅. I also think they want to trade NFT for NFT. If you just want ETH, you can list on Illuvidex

vague snow
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yea same, OTC deals

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sometimes is NFT for NFT + eth

golden musk
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This would be beneficial to have in order to make trades amongst friends & others where you don't need to worry about "trust me bro"

The downside: secondary sales on the market will see a huge drop off.... as a DAO would we want that?

Of course third parties can create the option as well which will pull the transactions away from us / the Illuvium platforms... I find it would be better to keep as many "useful" and "widely utilized tools" in house as much as possible. But of course, dev time & money are the largest factors/concerns

delicate elbow
graceful crag
median stratus
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It's not in the financial interest of imx and the dao to allow people to exchange items without fees. So I guess no one is rushing to make it.