Thank you, we look forward to the 10th April report, this will help the community to decide a second allocation for huobi.
Some of us follow you @benyorke.eth on Twitter, I think Kronos and Function X deserves to be mentioned more on tweets too.
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Good point - I usually don’t post about Kronos because it doesn’t need a lot of publicity, but could be more vocal about communities like FX that we are a part of.
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@FrenchXCore we should look at the April report first and ask questions before allocation a bigger amount, as a good citizen of fx that’s to our best of interest to do so.
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I agree, but I trust them with what they’re doing. Especially since the FX are supposed to be coming from the EGF which is team’s funding, not community’s, I believe the team should have the last word.
I would look more into it if the $FX were coming from the Community Pool Spend.
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Completely agree with @FrenchXCore .
I mean consider the scenerio we are facing now. Lets take Houbi Global listing; having a good market maker or even multiple market makers providing liquidity does increase the confidence in trading and positively affects the volume on any given day.
Now, to get the loan they would have to wait for April 10 report and 1 week for discussions. After which, the proposal would take another 14 days for voting period. Another, 7+ days on Kronos’s side (including transfer). So, to feel the effect of listing on a big exchange, we are looking at approximately 41 days. The momentum would likely be lost by then.
The foundation, on the other hand, has experts in the field of finance and trading who could look into it more deeply and take strategic decisions that ultimately benefits the investors and the community.
I have seen a lot of community members asking for Binance listing. One of the key requirements is volume, e.g. SHIB and APE. To get the volume and not lose momentum, we need quick decision-making and who better to take the decisions than the team themselves.
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Hi again !
I have some questions for the team though.
The FXCORE contract shows that the recipient address fx1e2xjrsa0peksu66dhn5kvma7y8hdyz4zsjlxgn was funded with the 6.8M $FX after the proposal succeeded.
It was funded using the Community Spend Pool (a.k.a CSP) (which is funded through a 40% fee withdrawn from all block rewards shared amongst all validators) (refer to here for more details).
1. Origin of the funds
Since the proposal was supposed to be funded from the Ecosystem Genesis Fund, I would expect the team to re-transfer $FX from the EGF to the CSP, but I can’t find any trace of it. I would expect to see a donation from one of the EGF address to the community pool, for example thru the following command:
fxcored tx distribution fund-community-pool 6800000000000000000000000FX --from [KEY]
Was that eventually done ? It’s just a matter of transparency.
2. Distribution of the funds
We are expecting the team to distribute and verify the 6.8M $FX funding towards Kronos.
Right now, the same address fx1e2xjrsa0peksu66dhn5kvma7y8hdyz4zsjlxgn shows that only 2M $FX out of the 6.8M $FX funding were distributed to Kronos. Since the team is controlling the funds’ distribution to Kronos, I would expect the team to describe how the distribution is being operated. It’s just a matter of transparency, here again.
Anyway, I hope we can progress further on discussing details in this forum and learn altogether the power of blockchain, and of this blockchain specifically.
Regards,
@FrenchXCore
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Hey @FrenchXCore - In response to the second part, just want to confirm these unused funds are to be used on Bithumb and Upbit, which is still in the process of completing the account setup. Those funds are in a Kronos wallet, which was left on mainnet to be transparent, rather than bridging and shifting to a CeFi platform.
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Update: Remaining FX have been bridged, now making on Coinbase, KuCoin, and Huobi. 800k are still in the ERC-20 wallet to be used on either Upbit or Bithumb, with a remaining 800k still needed to complete both. Still evaluating ways to streamline this so that we can respond quickly to new listings on major exchanges, without having to go through the entire process each time.
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i dont understand.
What means that?
I was very excited when Kronos came to us, but my excitement has been dampened a little.
I want to ask Kronos team to
- share April report
- deploy the mm funds - not sitting waiting for $fx price to go up.
- hardly any mention by Kronos about our partnerships compared to their other projects.
Thank you and I wish @DavidK @zaccheah @Danny can also share if there are further insights
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Be patient. It’s only starting…
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- Report will be on April 10, please read above
- It has been deployed - MM provide liquidity so the gaps become smaller, they do not influence the price
- I think they mentioned on Twitter before
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FX Market Maker Report
March 12-31, 2022
Our strategies are currently deployed on Coinbase, Kucoin, and Huobi. Below is the data report showing the matrix of trading volume and market share for the period of March 12th to March 31st.
Within this period, we traded a total of $5.6m with 27.61% market share on Coinbase. Followed by $1.4m with 15.86% market share on Kucoin and $945,277 with 22.15% on Huobi. The market volumes in March have reached 283% growth rate on Coinbase and 201% on Kucoin. Due to a late onboarding time on Huobi this time, we will share the market growth rate in the next report.
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Wow good report
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If only there is Market-Maker As A Service…
Like community pool their own money and you guys trade for us, you guys get a profit cut and we keep the rest of the profit.
Been seeing such protocols coming up recently in DeFi, like FaaS and more. Not the AMM liquidity mining.
Maybe in the near future, it would really be interesting for the professionals to offer this additional service 
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Good start benyorke
Make it better. Hope soon $Fx in @Binance
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FX Market Maker Report
April, 2022
Our strategies are currently deployed on Coinbase, Kucoin, and Huobi. Below is the data report showing the matrix of trading volume and market share for the period of April 1 - April 31.
Within this period, we traded a total of $4.9m with 57.69% market share on Coinbase. Followed by $1.3m with 52.81% market share on Kucoin and $1.3m with 5.67% on Huobi. The market volumes in April have decreased by 56% on Coinbase and 49% on Kucoin, largely due to general market conditions and the new listing on Huobi, which has emerged as the leading venue for overall volumes.
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We posted about it on Twitter as well, hopefully can get more awareness for FX
https://twitter.com/ResearchKronos/status/1524073735065583618?s=20&t=uaSGkVdqgz5tZ6CpnchW4Q
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FX Market Maker Report
May, 2022
Our services are currently deployed on Coinbase, Kucoin, and Huobi. Below is the data report showing the matrix of trading volume and market share for the period of May 1 - May 31.
In this version of the report, we have changed total traded volumes and market share to maker-only volumes and maker share as it is more straightforward to show the market-making performance. Therefore, you will see a small downsize in numbers. Within this period, our maker strategy has traded $3m with 30% market share on Coinbase. Followed by $1.3m with 22.13% market share on Kucoin and $1.4m with 10.86% on Huobi.
The total market volumes increased by 111% on Coinbase and 436% on Kucoin with a slightly 15% decrease on Huobi.
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