ShakeDex Tutorial - Decentralized Exchange for Handshake TLD Names using Bob Wallet
After an amazing Handycon (http://handycon.promote.hns.to) we saw a nice presentation from ShakeDex.com - the first decentralized exchange for Handshake names
SkyInclude is also excited as ShakeDex made their announcement first on our Handshake.mercenary forum, and Bob Wallet made their first contact with them - which lead to an integration of ShakeDex and Bob Wallet!
Today, we will go through a video using Bob Wallet (for a blog and video on Bob Wallet, click here
Now You Can Transfer to ShakeDex Direct from Centralized Exchanges (Namebase)
Do you want to skip an extra step of transferring from Namebase to Bob Wallet to Shakedex?
In Mid April - we saw the Shakedex developer announce a way to send it directly from Namebase to Shakedex here.
ShakeDex v0.0.13 is now live! This release adds an important new feature: external locking addresses. Users can now transfer their names directly from centralized exchanges to a ShakeDex locking script. Here's how it works Down pointing backhand index
1. Create an external locking address by running shakedex create-external-lock
2. Transfer your names from your CEX of choice to the locking address.
3. Run shakedex create-auction
Watch The HandyCon ShakeDex Presentation Here
Install Bob Wallet (Latest Release)
We won’t go into how to use Bob Wallet on this tutorial - check out our dedicated guide for that - but today we will just make sure you are using the latest version.
As we type this - you need to use the an early release, but we are sure it will be a production release soon. In the Telegram group for Bob, they are updating it fast as bugs are found.
Go To The Exchange Tab
Then let’s go through each main action
1. Listing a TLD for auction
2. Finalizing a TLD for auction
3. Buying a TLD from the ShakeDex platform
Submitting a Listing
You can also read ShakeDex’s official docunentation here -
Click the create listing button.
Choose the TLD you want to list.
Enter the starting price - HIGH price to start the auction. This is a reverse auction, so it starts high and then drops over time.
Ending price - the lowest price you will sell the TLD for
Duration - 1, 3, 5, 7, or 14 days - personally I would recommend the 14 days - to get the most amount of time for people to see the auction (but I’m also still learning this)
Wait 288 Blocks (2 days)
Finalize the Auction
Check The Listings on ShakeDex.com
Buying (Filling) an Auction TLD
Now that we have the sell side covered, let’s buy a TLD.
We will actually buy one for the tutorial (taking it for the team here, ha) 4813/ a 4 digit TLD - currently at 157 HNS
I could wait another day for it to go Lower (BUT someone may buy it) - so I have serious FOMO on missing this amazing TLD (heh…) so I want to get in before someone else does.
I click fill, and then buy it.
Check the video
Another Way to Monetize in Handshake
We are happy to see more options for Handshake TLD owners to monetize their portfolio.
We also hope this is a way for buyers to get access to some pretty amazing names.
So get started today!
Check out Shakedex.com or download the latest Bob at http://bobwallet.io
Check more guides from SkyInclude here
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