Detailed Exchange Updates
We recoded the backend of the exchange to function perfectly and remove all errors when placing orders. This also eliminated the bug that occurred when using multiple exchange wallets. While working hard over Christmas, we completely re-constructed the exchange’s backend to create a code that will be the new GOLD standard and far superior to the previous one.
Exchange wallets have been restructured as follows (A, B, C):
A: aBOT Earned Wallet – Located in the exchange wallet drop down menu, ‘Abot Earned Wallet’ will have a minimum 60% block priority. If the Block does not contain enough sell orders from “ Stop aBOT Wallet” and “ Exchange wallet” to fill the block then sell orders from “ aBOT Earned Wallet” can go up to 100% .
aBOT Earned Wallet.
Will have the ability to:
Sell directly from this wallet.
Send ARB back to aBOT.
Send ARB back to Main System Wallet.
Note: PRO+ will also function from within this aBOT Earned Wallet.
B: Stop aBOT Wallet – When stopping your aBOT, your tokens will be transferred to your STOP aBOT Wallet on the exchange wallet drop down menu.
Stop aBOT Wallet.
Will have the ability to:
Sell directly from this wallet
Send ARB back to aBOT
Sell ARB based on your membership level (Combined with Exchange Wallet)
Stop aBOT Wallet cannot:
Send ARB to Main System Wallet
Withdraw to external wallet.
Note: Stop aBOT Wallet can only fill up to 20% of a sell block.
C: Exchange Wallet – Default wallet in the dropdown exchange wallet menu.
Will have the ability to:
Function as it always has
Send ARB back to Main System Wallet
Sell ARB based on your membership level (Combined with Exchange Wallet)
Note: Exchange Wallet can fill up to 20% of a sell block
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SELL/ORDER LIMITS:
For the initial roll out of the exchange limits are as follows:
Basic:
‘Stop aBOT Wallet’ and ‘Exchange Wallet’ = $500 per day
Earned aBOT wallet = Daily amount earned in aBOT or 500$ per hour if amount earned is over $500.
PRO:
‘Stop aBOT Wallet’ and ‘Exchange Wallet’ = $1750 per day
‘aBOT Earned Wallet’ = Daily amount earned in aBOT or 1750$ per hour if amount earned is over $1750.
Note: As the new exchange shows its ability to flow, we will raise limits so we can get them back to the regular BASIC and PRO levels based on the membership guidelines.
After levels are increased you will be able to sell more than the aBOT daily earnings via the ‘aBOT Earned Wallet’. This will allow you to sell your current ARB stored in your ‘aBOT Earned Wallet’ that were stored there and built up overtime.
ORDER LIMITS:
(For membership levels not using + feature)
To start safe and ease into full trade function, all basic exchange users will be able to have 1 open sell order at a time, PRO can have 2 open sell order at a time. After we see that the flow is restored, we will allow open orders at the previous levels as follows: Basic 1 sell order open at a time, PRO 3 sell order open at a time.
Unlike before – Users now cannot place sell and buy orders at the same time.
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*** All ARB that were placed into ‘aBOT Earned Wallet’ resulting from stopping aBOT, will be moved from the “aBOT Earned Wallet” to the new “Stop aBOT Wallet”. This will give you the choice of selling them, while not creating extra sell pressure inside the “aBOT earned wallet”.
All of the new aBOT rules from the recent voting stay effective. The exact amount of ARB you have remaining from your stopped aBOT owed (eg 1000ARB at $7.67) will still need to go back into aBOT at the price and token amount in which you stopped aBOT. Once aBOT owed is cleared, the current market price will then be applied to any ARB going into aBOT from that point forward. (It does not matter from which wallet you choose to send back to aBOT, all aBOT debt must be paid before Market Value will be given going forward.)***
