In the light of current events around alleged paper monero trading on CEXes | finding the true value of XMR

Venner og medguder
currently the monero community promotes a run at the cexes and encourages everyone to withdraw XMR to expose price manipulation based on paper asset trading.

The problem, in short, is that the price development of XMR on selected exchanges is used for the global price calculation of Monero on CMC and CoinGecko. Their data is diluted due to the “paperXMR” they are trading. Hence their practice leads to a false representation of the value of XMR.
CExchanges have long been suspected of working with fractional reserves in order to consciously or unconsciously manipulate the price. PublicLedgerSurveillanceCoins usually prevent this, if the wallets are known, like on DEXes where the smartcontracts are public. But with MONERO balances are unknown!
One solution is to take only the “street price” from peer-to-peer exchanges like:

But how about an open transparent AMM price, by providing the public viewkey to the wallet addresses that hold the liquidity in an pool with a stable coin?

I know this may not be a concrete idea for pDEX in incognito, but I would love to read you thoughts about that. Or maybe it is, because that would be a unique selling point for the pDEX.

Thx and
Skål Freyr


I like such posts as a guerilla marketer :joy:

Immediately I made a comment:


I love it. :heart_eyes: Wish they would list us as an exchange on their main post though. :sweat_smile:


Liquidity amounts are transparent (stored within the pDEX state), anyone can see them without the need of public view keys.

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