As we mentioned two weeks ago on this news post, we are reworking our price indexes algorithm.
The first stage is finished, and the first need we had to do is take back one of the important changes we implemented back in October: adding local rates to the price indexes after downloading them.
This means that, during the next couple of days, all markets that have been manipulated by an assortment of creatures will suffer changes: some will go up and others will go down.
This change is going to affect all orders that were set for market prices beyond a reasonable rate. For instance, all people dumping SVM at ridiculous prices will be the ones being counter-owned.
If you placed trade orders, CHECK THEM and SET FIXED RATES as soon as possible.
Note: all orders that were already taken and are in process of payment (specially those against fiat) will remain with the rate set when the trading intent was registered. If you want to take those orders down you'll have to fulfill the trade and then pause them or close them.
Once the markets stabilize, we'll go to the next step, and for this one we'll enforce expiration on trade orders so they don't sit for long if there is no interest in takers (either buyers or sellers).
All these changes have two purposes:
- Prepare our systems for being listed on CoinGecko and CoinMarketCap.
- Clean up our exchange and give more people more chance to do things, even with low valued assets.
There's more to come within the next days. Please stay tuned.
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