# Suggestion: Make DEX - Gate.io is Over

**URL:** <https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713>\
**Category:** Research\
**Created:** [September 3, 2023, 12:22pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713 "2023-09-03T12:22:34Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![minexpert](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/minexpert/32/2656_2.png) [@minexpert](https://forum.grin.mw/u/minexpert)\
**Post date:** [September 3, 2023, 12:22pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/1 "2023-09-03T12:22:34Z")

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[Gate.io](http://Gate.io) has restricted trading of all privacy coins in some countries. Nor do they say which countries are open to use. It is within the countries banned in my country.

I’m a little sad about that because Gate was a good exchange with real Grin liquidity, always allowing wallet transfer. It has always supported Grin. Although it used a method “memo” in the transfer, it was fine.

However, this is not a very important issue. Centralized exchanges are now cornered by states. The Liquidity Center is moving more and more from exchanges to DEXs. Therefore, Grin’s biggest need right now is new DEXs. Now, there is only a semi-decentralized Tradeogre and it works fine. But with Gate gone, sticking to one exchange is risky. If one day Tradeogre’s server goes into trouble or the exchange decides to shut down, Grin trading will be disrupted. Therefore, the whole community from A to Z needs to work for DEX. This is the best contribution you can give to Grin.

**Here are some of my suggestions.**

- For Grin, announce the bounty for developers who can create a decentralized exchange and say you will always support it.
- Contact DEXs that support privacy coins and encourage them to list by saying they can draw liquidity as Gate is shutting down.
- Contact Old Core Devs. Maybe one of them will make a final contribution and lead the way for a DEX.

It was an inevitable end. In my opinion, all privacy coins will be delisted from centralized exchanges over time. Therefore, today is the day, moving to DEXs.

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**Author:** ![noobvie](https://avatars.discourse-cdn.com/v4/letter/n/9d8465/32.png) [@noobvie](https://forum.grin.mw/u/noobvie)\
**Post date:** [September 3, 2023, 3:07pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/2 "2023-09-03T15:07:01Z")

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> [@minexpert](#):
>
> - For Grin, announce the bounty for developers who can create a decentralized exchange and say you will always support it.
> - Contact DEXs that support privacy coins and encourage them to list by saying they can draw liquidity as Gate is shutting down.
> - Contact Old Core Devs. Maybe one of them will make a final contribution and lead the way for a DEX.

Simple suggestion from me, let CC decide the BTC bounty for it. Maybe between 1-3 BTC I guess.

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**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\
**Post date:** [September 3, 2023, 4:22pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/3 "2023-09-03T16:22:21Z")

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Nothing wrong with Trade Ogre. Don’t get me wrong, a more decentralized exchange would be a nice addition, but I do not expect that would be a ‘game changer’ in any way. Nor am I convinced we should fund it.

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**Author:** ![vegycslol](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/vegycslol/32/3340_2.png) [@vegycslol](https://forum.grin.mw/u/vegycslol)\
**Post date:** [September 3, 2023, 4:22pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/4 "2023-09-03T16:22:40Z")

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> [@minexpert](#):
>
> For Grin, announce the bounty for developers who can create a decentralized exchange and say you will always support it.

Creating a new dex is imo too expensive to pay for, so integration to an existing one is a more viable solution. There are so many dexes which makes it hard to pick a good candidate. What does “we will always support it” mean? Does it mean grin team pays no matter what price the devs demand for necessary upgrades? Do grin devs make those upgrades? There are many things that can go wrong, that’s why I prefer a more natural growth - when enough people will need feature X then someone will build it.

> [@minexpert](#):
>
> Contact DEXs that support privacy coins and encourage them to list by saying they can draw liquidity as Gate is shutting down

The liquidity is too low for them to integrate it (the same reason as why other centralized exchanges haven’t integrated grin).

> [@minexpert](#):
>
> In my opinion, all privacy coins will be delisted from centralized exchanges over time

It’s possible although i think btc and other known cryptocurrencies will need to improve their privacy to protect their users. So maybe one day coins with CT will be allowed on cex.

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**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\
**Post date:** [September 3, 2023, 4:25pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/5 "2023-09-03T16:25:00Z")

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I agree with @vegycslol that targeting an existing DEX would be most practical. I am not an expert on this in any way, but I think Komodo and Verus have a decent DEX. Probably would be possible to implement a Grin trading pair there with a bit of trickery.

Lets also not forget Grin is available on Bisq, which is a decentralized exchange, so nothing new in that sense.  
[https://bisq.wiki/Trading\_GRIN](https://bisq.wiki/Trading_GRIN)  
Bisq did complain before that trade volumes are low. So what we need is people who play market makers on Bisq. I do not think we need a bounty for that. Anyone can become a market maker and probably make a profit in the process.

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**Author:** ![Trinitron](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/trinitron/32/4990_2.png) [@Trinitron](https://forum.grin.mw/u/Trinitron)\
**Post date:** [September 3, 2023, 6:51pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/6 "2023-09-03T18:51:52Z")

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Any other dex will end up just like bisq, no one will use it. Tradeogre works great.

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**Author:** ![emi22n](https://avatars.discourse-cdn.com/v4/letter/e/2acd7d/32.png) [@emi22n](https://forum.grin.mw/u/emi22n)\
**Post date:** [September 4, 2023, 5:41am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/7 "2023-09-04T05:41:20Z")

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I’m honestly scared to use tradeogre, that’s why I created an account on [gate.io](http://gate.io) and went through all the KYC thing to buy GRiN, and is being banned on all centralized exchanges when everyone who buys it is KYC’ed

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**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\
**Post date:** [September 4, 2023, 8:06am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/8 "2023-09-04T08:06:47Z")

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> [@emi22n](#):
>
> I’m honestly scared to use tradeogre

No need. TO forces you to use 2FA such as Google authenticator, is secure and has no record of ever being hacked. Most importantly, it is super easy to transfer to or withdraw Grin from TO to you own wallet while other exchanges have imperfect methods to withdraw.

Would you be less concerned using a DEX like Bisq?

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**Author:** ![emi22n](https://avatars.discourse-cdn.com/v4/letter/e/2acd7d/32.png) [@emi22n](https://forum.grin.mw/u/emi22n)\
**Post date:** [September 4, 2023, 10:30am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/9 "2023-09-04T10:30:37Z")

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Thanks, I’ll try to use TO if the trading will be stopped on gate too ☹

idk atm what Bisq is

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**Author:** ![minexpert](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/minexpert/32/2656_2.png) [@minexpert](https://forum.grin.mw/u/minexpert)\
**Post date:** [September 5, 2023, 6:50pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/10 "2023-09-05T18:50:08Z")

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> [@vegycslol](#):
>
> we will always support it” mean?

Announcements from forum and telegram channels and calls for community use. Not financial.

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<div class="post-metadata">

**Author:** ![minexpert](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/minexpert/32/2656_2.png) [@minexpert](https://forum.grin.mw/u/minexpert)\
**Post date:** [September 5, 2023, 6:50pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/11 "2023-09-05T18:50:34Z")

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I’m not sure listed in Bisq but I see that the board is empty.

> **[mempool - Bisq Markets](https://bisq.markets/en/market/grin_btc)**
>
> Explore the full Bitcoin ecosystem with mempool.space™

My call is not about Tradeogre is bad or good. What will happen if the tradeogre suddenly shuts down or if they get hack attack or if the server crashes? Since it remains our only source, a second source is required. That’s why I advice to work on this issue rather than waiting like a believer. If it is listed on bisq, a call can be made to the community for using it. It can be said that existing DEXs can list Grin. If they lists, we can say, we will make announcements on twitter, forum and telegram for community to use it.

Also, just being listed in one place is incompatible with decentralization. Igno, i hope you are seeing this situations. 👀

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**Author:** ![noobvie](https://avatars.discourse-cdn.com/v4/letter/n/9d8465/32.png) [@noobvie](https://forum.grin.mw/u/noobvie)\
**Post date:** [September 6, 2023, 1:41am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/12 "2023-09-06T01:41:43Z")

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> [@minexpert](#):
>
> Igno, i hope you are seeing this situations. 👀

Forget Igno, he’s gone, we just move on…

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**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\
**Post date:** [September 6, 2023, 7:12am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/13 "2023-09-06T07:12:42Z")

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> [@minexpert](#):
>
> being listed in one place is incompatible with decentralization

There are five exchanges at the moment to buy and sell Grin:

> <https://github.com/grincc/hub/blob/main/mining-exchanges.md#exchanges>

If we want to promote decentralized availability of Grin, the bounty for atomic swap is probably the best way forward:

> [@Questions about the State of the Atomic Swap PR and Introduction](https://forum.grin.mw/t/questions-about-the-state-of-the-atomic-swap-pr-and-introduction/10332/3):
>
> Yes I agree, it should be initiate-able from either chain. The main problem I am considering is the adoption of the optimized swap approach. Even though it’s clearly better I think it just makes sense to start from something that I understand fully how to implement. Also from there it might become obvious what changes need to be made to optimize the setup.

> [@Request for funding @gene (Adaptor signature atomic swaps GRN-BTC)](https://forum.grin.mw/t/request-for-funding-gene-adaptor-signature-atomic-swaps-grn-btc/8632):
>
> Who am I My name is Gene Ferneau, and I’m a developer and cryptographic engineer. My focus is on privacy-enhancing technologies and cryptocurrencies. I have been following Grin for a while, and want to become more involved with the project’s development. What is the project This project aims to create a no\_std library for performing adaptor signature atomic swaps between Grin and Bitcoin. Atomic swaps are a great way for the decentralized exchange of cryptocurrencies. They remove the need for…

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**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\
**Post date:** [September 6, 2023, 9:53am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/14 "2023-09-06T09:53:49Z")

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@minexpert Can you try again at [gate.io](http://gate.io), there may be glitch. It works for me now.

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**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\
**Post date:** [September 6, 2023, 7:28pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/15 "2023-09-06T19:28:53Z")

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> [@minexpert](#):
>
> I’m not sure listed in Bisq but I see that the board is empty.

It sounds like this problem is already solved. Grin is integrated into a decentralized exchange.

See the list of trades here: [mempool - Bisq Markets](https://bisq.markets/market/grin_btc)

Now you just need to ask people to sell Grin on there. Who to ask and how to contact them is a different problem

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<div class="post-metadata">

**Author:** ![minexpert](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/minexpert/32/2656_2.png) [@minexpert](https://forum.grin.mw/u/minexpert)\
**Post date:** [September 7, 2023, 9:52am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/16 "2023-09-07T09:52:08Z")

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Yes, it works now, thanks.  
I think there was a bug when i use.

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**Author:** ![theGrinReaper](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/thegrinreaper/32/5131_2.png) [@theGrinReaper](https://forum.grin.mw/u/theGrinReaper)\
**Post date:** [September 25, 2023, 11:16pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/17 "2023-09-25T23:16:53Z")

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Still planning to put some work into it, I am actually working on building a generalized cross chain atomic swap tool right now. The plan is to include Grin ASAP. However at this point I wouldn’t be able to give a clear timeline as to when that is. Ideally I get it done this year. When I start on the Grin side of it, I will make a post here asking for assistance and contribution.

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**Author:** ![chdsk](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/chdsk/32/3124_2.png) [@chdsk](https://forum.grin.mw/u/chdsk)\
**Post date:** [September 27, 2023, 4:04pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/18 "2023-09-27T16:04:12Z")

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can you provide a link to this news, I can’t find it anywhere

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**Author:** ![Grincollectorr](https://avatars.discourse-cdn.com/v4/letter/g/ecd19e/32.png) [@Grincollectorr](https://forum.grin.mw/u/Grincollectorr)\
**Post date:** [September 28, 2023, 8:48am UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/19 "2023-09-28T08:48:50Z")

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We really need Dex for Grin.

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**Author:** ![i2pZ7812HTZV69](https://avatars.discourse-cdn.com/v4/letter/i/839c29/32.png) [@i2pZ7812HTZV69](https://forum.grin.mw/u/i2pZ7812HTZV69)\
**Post date:** [October 2, 2023, 6:37pm UTC](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713/20 "2023-10-02T18:37:47Z")

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Its a matter of Survival for privacy coin to have DEX and native Atomic Swaps  
if it cannot do Grin to Monero Atomic Swaps and vice versa it will not work and we need to go back at the drawing board.

[Next page](https://forum.grin.mw/t/suggestion-make-dex-gate-io-is-over/10713.md?page=2)
