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113 sats \ 1 reply \ @Bridgoro OP 18 Oct \ parent \ on: No-KYC/No-AML P2P exchange launches beta test. The reward pool is $1,500 in BTC AGORA
At the moment, the project is entirely self-funded by our small dev team. Our primary goal is to build a strong community and refine the product, and profitability will come later.
Of course, every project must eventually sustain itself, so the exchange can't remain completely fee-free forever. As stated in our earlier posts, the fee-free period will last for the first six months after release, and we may consider extending it.
Even after that period, we plan to keep the service fee as low as possible, let's say around 0.3% to 0.5% per exchange transaction, just enough to cover maintenance and infrastructure costs.
Howdy,
Thanks a lot! I noticed your tweet about our post and truly appreciate your support. It's great to see how both the Bitcointalk and Stacker communities continue to stand behind innovative projects like ours. We are really glad to be using these two platforms to share progress and connect with people who understand what we are building.
I wanted to ask your opinion from your POV: What do you think could help us stand out from other similar projects?
I'm not asking just for formality. During the first Beta, the Bitcointalk community provided genuine, actionable feedback that helped us refine and strengthen the core of the project. We are keeping that same open approach now and would really value your insights.
I understand your perspective, but I have to disagree. There is no real freedom in leaving fiat behind if you still can't use btc for basic things like buying food, paying rent, or covering utilities.
Many BTC maximalists tend to go from one extreme to another instead of finding balance and adapting to how the world actually works. BTC in its current form doesn't guarantee freedom, it's highly traceable, and anyone can easily see your wallet balance, which creates potential security risks. If we are talking about true privacy and anonymity, Monero offers much stronger protection.
At the end of the day, everyone is entitled to their own opinion. We aren't trying to convince anyone, we are just presenting a product for those who value privacy, freedom, and choice.
And as a side note, we plan to make our exchange fee-free.
Yesterday, we published our post on the AGORA thread. Please check it out and tell us your opinion.
It would be great to get your feedback on that.
I understand that you are a strong supporter of Bitcoin, and I respect that. But your argument doesn't really make sense, especially when you talk about <<shiftcoins>> How exactly would a P2P exchange work if it's just BTC to BTC?
It's clear that many Bitcoin maximalists don't acknowledge the existence or value of other cryptocurrencies, but let's be realistic, they do exist, whether we like it or not. The crypto space is bigger than just one asset, and diversity is what keeps it moving forward.
Unlike many who just talk about decentralization and freedom, we are actually building something that gives people real privacy, anonymity, and the freedom to exchange without restrictions.
So if our project doesn't align with your views, that's completely fine, just move along. We aren't encouraging anyone to use our exchange, and in fact, it hasn't even been launched yet.
We aren't here to tell people how to live or what to buy. Our goal is simple: to give users the tools to stay anonymous in the crypto world. With our semi-decentralized P2P exchange, there's no KYC, no AML restrictions, and no risk of having your funds frozen.
Everyone knows that when you trade on CEX, every transaction is tracked and tied to your identity through KYC. We are building an alternative.
Currently, our P2P exchange supports five blockchains: BTC, ETH, SOL, TRX, and XMR.
More networks will be added after the official release.
Thank you for your response.
Oh, I have all the answers to your questions in my previous post on the Bitcoin thread.
But anyway, let me answer it here as well to save your time.
1. Rewards details
Rewards will be distributed among the TOP 10 most active users.
We will split the $1,500 in BTC pool among:
- Testers who find real bugs
- Users giving valuable feedback
- Contributors who help shape usability
All rewards will be distributed in BTC after the Beta Test ends. USD values are used only as a reference for calculation purposes.
2. Access to P2P platform
All users will have access to our P2P platform and all tests will be done only on testnet networks with free testnet tokens, so no risk. The next testnet networks will be available for users to test:
- Bitcoin - Testnet v3
- Ethereum - Sepolia testnet
- Solana - Devnet
- Tron - Shasta network
- Monero - Stagenet
Users can find detailed guideline on our GitBook page on how to install testnet wallets from official sources and how to obtain free testnet tokens via faucets.
3. Why Semi-Decentralized?
We call our system semi-decentralized because it merges decentralization with real usability.
- Decentralized Layer: Automated escrow system using blockchain adapters and smart contracts ensures secure, trustless swaps.
- Centralized Layer: User-friendly matchmaking and rate modules make the platform intuitive and smooth for all users.
This balance gives you the security of decentralization and the efficiency of a modern exchange.
4. Escrow mechanism
The core of Bridgoro is a fully automated escrow system:
- Smart contracts handle every swap securely.
- Funds only pass through temporary buffer wallets during active exchanges.
- Even the development team has zero access to those wallets.
In the rare event of a technical issue, a Collector Module can safely recover stuck transactions within 7 days, without ever touching valid swaps. Your funds remain under blockchain-level security at every stage.
5. Transparency of reward distribution
The first phase of the Beta was held on Bitcointalk, where we distributed rewards and then published TX Hashes for transparency purposes. This time will be the same.
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5555402.0
Bitcointalk BETA: https://bitcointalk.org/index.php?topic=5555796.0
Please find more details on our previous post on Stacker.news:
#1252579
Thank you for your kind cooperation. We will prepare the Beta announcement post tomorrow on publish it on your AGORA thread with a boost.
Hey,
Thank you for the warm welcome. Seems I should have posted my first project announcement with you.
Briefly, we are a dev team of two people who are developing a no-KYC/AML P2P exchange with integrated blockchain adapters and escrow mechanism.
On the 30th of October, we are planning to launch the second and last phase of Beta Test before launch, and would like to reward the most active participants with a reward pool of $1,500 in BTC.
Is it ok if we announce about Beta participation in your AGORA thread?
There's nothing "beyond Bitcoin"... only emptiness and scams
Maybe so, but even emptiness needs a bridge over it
I respect your opinion, but it seems we simply have different perspectives on this topic, and no need to speak for others.
You've shared your view, and I've shared mine so there's no need to argue further. Let's agree to disagree and move on.
It's ok if you don't like the project and anything beyond Bitcoin.
Tools that start as bridges often evolve into standalone ecosystems.
We are just building the exit ramp first so users can move freely when they are ready.
Whether we like it or not, the world of cryptocurrencies extends far beyond Bitcoin. Ignoring this reality won't change anything.
At the core of crypto lies freedom of choice, no one should dictate which asset is right or wrong. Everyone has the right to decide what holds value for them.
Our goal is to give people that freedom, to exchange any supported asset without risks of freezing, hidden fees, or censorship.
This is your opinion and we get it but ignoring the rest of the ecosystem won't make it disappear.
We would rather build tools that keep swaps private and trustless, instead of leaving them to centralized exchanges.
We knew that new projects should gain trust first before going live, thats why we started from Bitcointalk and now moved to Stacker. We also knew that some people won't like it but we were sure that some would like the project.
Moreover, we aren't asking anything from users, only their time to test, which will be rewarded. All rewards are covered from our own pocket.
As mentioned earlier, all testing is done exclusively on testnet networks, so no real funds are required or involved from the users' side.
That's a fair point!
LN bridges the payment gap, but P2P exchanges bridge ecosystems.
Without them, cross-chain liquidity and privacy-first swaps remain centralized. That's what we are working to fix.
We really appreciate that you took the time to explore our project and share your perspective. This kind of discussion is what truly drives progress in the crypto space.
GENESIS