Mr. Mannarino,

I need your help in finding the right people to build the next exchange.

I propose that we build and operate a centralized cryptocurrency exchange that competes with Binance. This new exchange will leverage an existing community of users (STEEM). This exchange will fill a massive hole in the cryptocurrency space. We have a huge community of real users, but extremely limited with trading pairs with the STEEM and SBD currencies. The concept is to build an exchange that pairs STEEM and SBD with all other major cryptocurrencies. This will be a first of its kind to marry a social media platform with an exchange. Platforms that leverage massive numbers of users have been extremely popular and profitable like Google, Facebook, and YouTube.

This exchange can charge a tiny fee on trades just like any other exchange, then they can generate revenue. Exchanges also profit on taking maintenance fees and listing fees. Exchanges are highly profitable by doing this. Trades between STEEM and SBD can remain free as an incentive for the STEEM community to utilize the exchange. The exchange should avoid fiat trading pairs (as Binance does) to significantly reduce the regulation burden associated with this.

While leveraging the existing user base, an exchange will bring in new users to this STEEM blockchain which inspires growth in both STEEM usership and the growth of the exchange. Other major exchanges have around 10 million users. Binance has exceeded this in less than a year.

Key Elements Needed:

1. We need experienced exchange experts. Binance utilized experienced people from the stock exchange
2. Focus needs to be on security and a business plan that prevents insolvency.

Mr. Mannarino,

I know you are passionate about exposing fake markets. This is even better than exposing manipulation in the markets. Let’s build a real market where real people can come to trade.