#steemdao

XSteem proposal

Proposal from eSteem team to develop and deliver open source, fully-fledged exchange software.

XSteem Proposal post image cover

Synopsis

XSteem is opensource exchange built on top of Steem. Goal of this proposal is to allow eSteem team to build decentralized opensource exchange application (web and mobile app). Right now, we have internal exchange with built-in api and soon there will be SMTs, api and functionality of these will be limited and cannot compete with traditional experience traders have. Our goal is to build infrastructure for open exchange apps. We have had eSteemX project which we started working on last year but due to shortage on resources, we had to stop project and focus on eSteem. But with help of Steem.dao we can pick up and continue to work on project with new brand and community vision.

Timeframe

Initial timeframe we are choosing 6 month so that we can show progress bi-weekly and estimate delivery of both user facing Website and Mobile app. As well as backend API to improve/extend functionality to allow us to query traditional exchange like requests, candlestick charts, transaction free trades and wallet/token management.

Deliverables

Funds will be spent for development expenses, servers, designing product/UX. Below some items and allocation of funds for them.

Opensource backend api service (possibly, hive plugin like we did with search engine) (30% of funds)
Website with keychain and steemconnect support (20% of funds)
Mobile app with steemconnect support (35% of funds)
Design materials, UX elements, etc. (10% of funds)
Server setups and requirements, cost (5% of funds)
Source code will be available https://github.com/esteemapp
We will publish bi-weekly updates

Budget

10k SBD monthly (333 SBD daily) for initial 6 months, starting from 1st November.

Afterwards, project will be re-evaluated and new proposal may be submitted depending on community feedback.

Approve Proposal #44

Approve Unapprove

Also see:

https://steemitwallet.com/proposals https://steemproposals.com/proposals/good-karma https://steempeak.com/proposals

Thank you for your support! Let's build the future together!

EDIT:

Read more about XSteem, in proposal details post here
Questions and Answers about proposal, XSteem FAQ

Comments · 45

@ervin-lemark(76)· 2495d
Sorry that I am late yet ... supported!
@c21c(65)· 2534d
Hi, can I ask u is it possible to translate your application in Ukrainian language, I can help u for free😊
@tytran(55)· 2539d
hey will this also have steem-engine tokens? Why not? :)
@mahbub99(51)· 2541d
Wow great work and great team.
@ddn688(67)· 2541d
This team is great
@sofiripepple(42)· 2542d
Well until it's fully implemented that's when we'll fully understand this
@cryptonia(61)· 2546d
This is a nice feature added by steem.
@osakaghoul(67)· 2547d
Sounds like a good concept to me, Need more DEX's in general
@ahmadmanga(76)· 2548d
Always a delight to see future projects by eSteem creator. Though I'm not sure if a new exchange is needed for STEEM.
@bahagia-arbi(68)· 2549d
I hope this proposal could be something better for oir community. Keep up your best move..! Regards from Indonesia.
@riczuniform(58)· 2549d
Good morning sir

Thank you vote me

Sukses for esteem

Posted using Partiko Android
@ismhd(35)· 2549d
I am new to eSteem environment.
@naythan(71)· 2552d
Approved !
@trendovoter(41)· 2552d
Congratulations @trendo.marketing, 100% upvote has been shared with your successful call on the post that shared by @good-karma!

^{Support @trendotoken projects by delegating : 100SP , 200SP , 500SP , 1000SP , 2000SP}
@trendo.marketing(1)· 2552d
!trdovoter 100
@darmianto5(60)· 2552d
Amazing friends. And @good_karma me like it esteem
@olga.maslievich(78)· 2553d
Hi friend @good-karma! I have been using program esteem for a long time to work with you and especially after the Festivals in Krakow where I met you personally. After the last update of the program, the last two posts not received a vote. Maybe now I have new requirements and I don't know about it?

https://steemit.com/wednesdaywalk/@olga.maslievich/dog-on-high-fence-and-walk-along-the-street-of-contrasts

Please explain to me what I need to do to get a vote and the percentage will up?
@oscarps(75)· 2553d
Approved @good-karma
@coolguy222(73)· 2553d
Approved. Good work team.
@dgbtech(50)· 2553d
I will support this project because without a DEX in Steem, SMT projects will find their token difficult to trade elsewhere. We have to think ahead. eSteem team are skilled to build it.
@seckorama(78)· 2554d
This is the right direction. Soon will be a bunch of SMTs around and users will have ready solution to trade and exchange them. As I understand will be similar like steem-engine exchange. It would be great if we could exchange their tokens, also.
@evanpetzer(55)· 2554d
This is exciting news... I also think it is great signs that the future of Steem is secure in the hands of innovative developers. Do you thinks Steem could be one of the largest competitors in the field of social media?
@foxkoit(76)· 2554d
If anything, I would think, I'd like to see how your app or Surfer will be able to also take a direct BTC or ETH in to wallet. Which would allow me to spend fast this coins here too or hold. I don't see any app here doing it in steemit in this way. I be very happy when I go in Esteem wallet and I can hold there BTC and ETH also ... what I can fast use to Boost or promo my posts. Or use this two coins fast to get SP more what can also Boost all steem up in long run.

I hope it is ok what I say, I can think lot. :) @good-karma
@ninahaskin(72)· 2554d
Approved with no hesitation!🙂
@engrsayful(73)· 2554d
Good initiative. Much Love for @esteemapp team. Can't approve. Showing links broken
@soyrosa(75)· 2554d
Your work on eSteem (app + search) shows how you're able to develop well-functioning products that are also pleasant to use and look at, something not all apps on Steem have achieved so far. Also love that the fundings will be for open source work.

Thanks for creating this proposal, will approve it while keeping an eye on what others say for/against it :-)
@stranger27(68)· 2554d
Approved, of course!
@cryptorg(61)· 2554d
One proposal that we were all waiting for which have adhered the eSteem platform for quite some time. There starting to be quite many options for similar apps in the Steem space, but I must say that eSteem for me beats the other through the usability and advanced features it offers. And pretty much the layout is great to use, even if there are some other features that need to be added and which are already in the road map.
@teamhumble(75)· 2554d
voted.
@eirik(69)· 2554d
Why not join the forces with the Steem-Engine team and help them out instead? They have the users and just need better UI/UX. I think it would be better than creating something completely new.
@deepwaters(55)· 2554d
I was about to comment doubting if this was an apporpiate amount of allocations. Then I noticed the author and recognized the experience. Still though, the mobile apps seems to take more time and resources than calculated.

Mobile app with steemconnect support (35% of funds)

Is there a way that private investors could fund this idea? I think an Exchange built around the Steem network would be very useful. It would be a "thermostat instead of thermometer" move.
@martie7(62)· 2554d

Proposal from eSteem team to develop and deliver open source, fully-fledged exchange software.

What about steem-engine?
@jpphotography(71)· 2554d
10k monthly is a lot. What will happen to the profits from running the exchange (fees)? For that amount of funding I would expect them to be burned
@deep4(11)· 2554d
https://www.google.com/amp/hd.stheadline.com/amp/news/realtime/hk/1544262. Zareen

Posted using Partiko Android
@pham20664(25)· 2554d
Wow, amazing!
@brianphobos(72)· 2554d
Approved! You and the rest of the eSteem team are top notch! Always improving and one of the most trusted Witness / Development teams in the entire blockchain space. I don't just say that lightly! You guys are the real deal!

I really hope you are able to get this funded!
@sabari18(68)· 2554d
nice to see things in its right way, carefully and steadily, we trust in you. good luck.👍
@lordbutterfly(80)· 2554d
Id like to hear some feedback from other devs regarding this before deciding to vote. Decentralized exchanges are notorious for their poor volume. Weve seen others attempt to bring exchanges with STEEM main pairs to the community with little success. Why would this be different?

What benefit would this provide to STEEM to justify giving your team almost 1/2 of the total SPS daily funds?
@dakeshi(67)· 2554d
great, what kinds of trading pairs will you support in DEX?
@xmauron3(63)· 2554d
Super cool.... always good to see innovation like that
@yousafharoonkhan(77)· 2555d
😍💰🎖
@melinda010100(80)· 2555d
Do I vote if I use a proxy? Or does my proxy vote count for me?
@waleedtee(45)· 2555d
Not sure if this is a priority. Who are we cattering to ? Daily users ? Traders ?

Will a shiny new trading tool bring in more users ?

I am sure none of my non-crypto friends will be excited to hear about this.
@qwerrie(78)· 2555d
approved.
@steevc(81)· 2555d
You have the skills to do this. I wish you luck with it.