SuperNET Announces Bounties for BarterDEX GUI Development

Although blockchain technology provides many advantages in nearly every industry, one of the most attractive aspects of cryptocurrencies, and the number one reason for their popularity thus far, is still their performance as a store of value and a speculative asset. Cryptocurrencies like Bitcoin, Ether and others have created many millionaires and given healthy returns to many average citizens.

Although blockchain technology provides many advantages in nearly every industry, one of the most attractive aspects of cryptocurrencies, and the number one reason for their popularity thus far, is still their performance as a store of value and a speculative asset. Cryptocurrencies like Bitcoin, Ether and others have created many millionaires and given healthy returns to many average citizens.

One of the reasons people look at cryptocurrencies as an alternative store of value and investment vehicle is because of their low entry barrier. Users can invest in cryptocurrencies for as low as $10 and they can do so without any previous experience or special knowledge by simply accessing a cryptocurrency exchange via a computer or smartphone.

However, and as we’ve seen with cases like Bitfinex and Mt. Gox, the centralized model behind cryptocurrency exchanges has made them an easy and attractive target for cyber criminals. Not only are these exchanges targets for outside attackers, they are also prone to inside theft.

Ideally, cryptocurrency exchanges should be fully decentralized, and although several attempts are being made, none has been able to match the convenience and speed of a centralized exchange while maintaining a fully decentralized or trustless infrastructure. SuperNet is on the course of changing the crypto trading landscape completely with the release of the BarterDEX, but there is still some work to be done!

BarterDEX, formerly known as EasyDEX and/or InstantDEX, is a decentralised exchange that combines three key components: order matching, trade clearing and liquidity provider into a single integrated system that allows users to make a coin conversion request, find a suitable match and complete the trade using an atomic cross-chain protocol. Additionally, there is a privacy layer in the order matching so that two nodes can do a peer-to-peer atomic swap without any direct IP contact between the two nodes.

Supernet.org has recently announced a 10,000 Komodo and a $100,000 USD bounty for the development of a Graphic User Interface (GUI) for its BarterDEX exchange. Details are as follow:

BOUNTIES

1)   A 10,000 KMD (Komodo) bounty is being offered for an independently developed GUI, that preferably takes a different approach than the currently developed or under development GUIs for the BarterDEX.

2)   A $100,000 USD additional bounty is being offered for the most used GUI by tallying up the results at the end of a specific time period.

TERMS

·  The GUI needs to be an independent implementation, preferably taking a different approach than existing GUIs.

·  The GUI needs to support KMD, bitcoin and the underlying assetchains of Supernet at a minimum.

·  The working GUI should be deployed in 2-3 months from the initial launch.

·  The specific end date for the usage tally has still been undecided but they are also thinking about supplementing it with a vote based system from the komodo bitcointalk announcement page.

·  The GUI with the highest usage doesn’t necessarily qualify for the bounty, as a less used GUI with no technical issues will be preferred to a highly used GUI but with technical issues.

CONTACT

For any questions regarding the bounties and before starting work on the GUI, developers are advised to contact jl777 on the SuperNet slack.

Slack invite : http://slackinvite.supernet.org