Motion Market Maker Program

Providing Liquidity to the trading of XMN Motion helps to both create volume as well as facilitate our growth.
Market making is the normal act of keeping funds on the exchange and placing trades to keep the Motion asset fluid. Motion will be staking 1 XMN Masternode for this bounty and will payout in accordance to a like number % paid out in the CryptoBridge Market Maker Program. All shares will pool, and at the end of the month payouts will be made according to the amount of trades provided.

Before going forward, it is important to note that market making is risky but can prove to be profitable, market making is the most profitable during times that the market is normally fluctuating. In the case of a market crash or surge it can prove to be risky. To offset this risk, crypto-bridge as well as Motion will provide a bonus to those that offer Market making for the Motion exchange.

Using the Dexbot “market maker”,your account will receive a bonus of 0.05% per filled order from the Crypto-Bridge market maker program and a % of the Motion pool stake, in proportion to the Crypto Bridge bonus, for all filled orders on XMN/BTC or any XMN market.

Each participant will need to have an account at Crypto-Bridge.org as well as registered with Motion Discord/ Telegram channel.

Dexbot needs one unique crypto-bridge account per bot, and for the sake of simplicity we ask that the bot be specific to market making for Motion.

Motion team will only need the usernames of your market maker accounts to track and see the amount of trades, and payout will be in same time as crypto bridge payouts.

Download: https://github.com/Codaone/DEXBot/releases/

or their website https://www.dexbot.info/.

How to run Dexbot on Ubuntu: https://github.com/Codaone/DEXBot/wiki/Installing-and-Running

How to run Dexbot on Windows: https://medium.com/@CryptoKong123/how-to-install-dexbot-on-windows-9cfcaad76d77

1. You need to enter your private key for the bitshares account. It’s not your password. It’s something different, and can be found using the “private key viewer” after unlocking your account on the desktop or on the web interface under settings > account > private keys. Be careful with this key! Be sure to download your backup that contains your private keys. They cannot recover it for you! Their server does not store any of your information!
2. Run DEXbot-gui by just double clicking the Icon from the downloaded program
3. Give it a password
4. Add a worker
5. Under the settings, you need to provide the username and active permission private key, as well as specify the Base Asset/ Quote Asset such as:

Base: BRIDGE.BTC Quote: BRIDGE.XMN

Base: BRIDGE.RVN Quote: BRIDGE.XMN

6. Choose strategy and work size, then save

7. Start worker

Set up the % of your balance to trade and also the trading margin. Dexbot places a buy and sell order on either side of the midpoint- so be careful using this is the order books that are thin, as it’s easy to put one really high or really low.

Here is a video on setting up a Dexbot worker: https://bit.tube/playerembed/7214/QmRAKQaJ7kyfSr6Qx5Ux1dd6ryAFGFFvf1B439buhkeqAS

That’s the basics of it. If you have trouble with Dexbot fell free to ask questions in our Discord channel: https://discord.gg/4qrJhk8 or with the makers of Dexbot.