Update 07/11/2018: Though Radex is still live for historical purposes, the information below is outdated. We have since released a new decentralized exchange Saturn Network with many upgrades like wallet to wallet trading in one transaction or token self-listing, this required a new smart contract & therefore we recommend you no longer use Radex and migrate over to the new exchange.
Last week's vote for what tokens to list on Radex has finished, and we have not three, but four winners! We decided to list SteemThat, which came fourth, because of their community's active participation on our forum.
Let's take a look at this week's winners.
adultsocial.space is an interesting pivot on the, arguably, most searched topic in the intersection of cryptocurrencies and adult entertainment. Unlike most tokens in this space that want to tokenize webcam models and merchandize, adultsocial wants to be a marketplace for on-demand content, in the domain now called bespoke porn. You can find more information about the project on its website. It is definitely a project for which the market already exists.
However, it is worth pointing out that this industry is not very friendly for newcomers and without partnerships with models, content producers, and a big marketing campaign this project will likely not go far. It is also unclear whether the models would prefer to be paid in ASP tokens or in ETH. But now that ASP is listed on an exchange models should have an easier time checking out the platform and joining decentralized economy.
You can read more about ASSPACE and discuss it on our forum.
easyMINE token (EMT)
easyMINE is a project from Poland that seeks to simplify mining operations for small miners. Not only do you have to invest in expensive hardware, negotiate energy prices and find a fireproof storage space with adequate cooling, but you also need to switch between mining pools, restart your miners when they shut down and don't reboot, monitor your earnings and switch to mining most profitable coins, etc. easyMINE seeks to make this process easier by providing a turn-key solution.
You can read more about easyMINE and discuss it on our forum.
Undoubtedly, TRON the most controversial ERC20 token. It has seen meteoric growth within the last 2-3 months. The amount of marketing materials has been growing like a snowball. Most of this marketing material was, frankly, shilling, that was caused by the project's success in China and lack of official materials in English.
However, at this point the project has acquired plenty of funding and necessary connections and can definitely pull through. It is a risky investment, and the amount of shilling that's going on is very worrying, but despite all those negatives TRON is definitely a coin to watch.
You can read more about TRON and discuss it on our forum.
SteemThat.com is a new platform centered around a well-known blogging website Steemit. The financial incentives built into the platform are a great experiment at what a content platform that doesn't have a centralized owner, such as Facebook, Twitter or Medium, would look like.
These incentives can be gamed though, and it is very hard to start blogging on this platform. Not only will you get no payouts from your posts, but they will most likely never be seen by the community.
SteemThat seeks to tackle this problem by raising funds to act as a whale pool for its community. The whale pool will have massive weight in the steemit community. Posts upvoted by the whalepool will be shown to more people and will give little bloggers a chance at fame. Such upvotes can be purchased via Stish tokens, that are now tradeable on Radex.
You can read more about SteemThat and discuss it on our forum.
List of Ethereum transactions for ERC223 upgrades
Remember, Radex only works with ERC223 tokens. In order to enable trading of ERC20 tokens on our exchange we have to upgrade them to ERC223 standard. In order to use the upgraded ERC223 token interface for your tokens you'll have to call the approve method on the original smart contract.
Radex's user interface will prompt you to upgrade your tokens when you open the exchange. This will not give you any new tokens that will suddenly x2 your investment! These new tokens stay in sync with your original ERC20 tokens, so if you see them in your wallet please do not try to get rid of them. From the point of view of an investor, the ERC20 and the ERC223 tokens are exactly the same as they point to the same records on the blockchain. Well, except if you use ERC223 tokens you will not be able to accidentally lose them by sending to a wrong address.
Listing a token, mentioning it on our forum, on rados.io, or in our telegram channel is not an endorsement of a project and not an investment advice. Always do your own research before you decide to part ways with your money.
This vote has highlighted the problem with the concept of voting on a centralized system. Eventually, someone will find a way to game it and cast multiple votes from fake accounts.
We could say that we will disqualify coins that engage in unethical voting, but then someone can use their bot army to disqualify a competitor.
For future token listings we will be looking into using decentralized voting using STN tokens. This will also marginally help us with revenue and improve STN token circulation.
Congratulations to the winners, and happy trading!