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Bitcoin finally has a decentralized exchange for tokens, with the token exchange going live on March 6. The platform resembles eBay for digital currency in that there is manual inputs required for both seller and buyer.
Coingeek described the process:
Buyers on the platform select the token they would like to purchase and then swipe a Money Button to pay. Afterward, the order appears in the seller’s Orders list; the seller then needs to swipe a Money Button to send the buyers their tokens.
“I started seeing people talking about Simple Fabriik Protocol (SFP) tokens on Twitter a few weeks ago (Feb 18th). People were minting them, and sending them out to anyone who asked,” said Bitcoin Token Exchange founder Graeme Madden, also known as ‘Gmadd’ on Twitter and Twetch.
“I got sent a lot of different tokens, and I wanted to see them in an alphabetical list with more token details, so I set up a page to use the Money Button API to display them (and to learn how to use the API).
“Some people were trading them on Twitter, so I thought it would be a good idea to let other people list their tokens that they wanted to trade and allow them to contact each other through the site. Then following suggestions from users, I started working on adding a trading function to allow people to transfer tokens directly on the site by swiping a Money Button. The rest has just come from ideas about what might be useful and suggestions from users.”
- Aaron Goldstein, Gambling911.com
