sschiessl-bcp
commented
4 years ago The estimate is already being displayed iirc. You got screens?
Open startailcoon opened 4 years ago
sschiessl-bcp
commented
4 years ago The estimate is already being displayed iirc. You got screens?
startailcoon
commented
4 years ago It's not accurate
bitEUR today has for example has several large orders in queue. If I settle today, I will be delayed with several days because of these orders.
| PRICE | bitEUR | BTS | EXPIRATION | ESTIMATED SETTLE TIME |
|---|---|---|---|---|
| 75.8431 | 188.8776 | 14,323.63608 | 12/31 05:12:51 | Instant |
| 75.8431 | 234.7468 | 17,802.15195 | 12/31 17:58:06 | 210 instant + remaining 18:00 |
| 75.8431 | 100.0000 | 7,583.55468 | 12/31 17:59:27 | Instant |
| 75.8431 | 1,000.0000 | 75,835.54687 | 12/31 18:27:18 | 210 instant + remaining next 4 hrs |
| 75.8431 | 286.6240 | 21,736.28778 | 12/31 21:13:09 | Delayed ~2 hr |
| 75.8431 | 5,051.5635 | 383,088.08058 | 01/1 01:31:42 | 210 instant + remaining next 23 hrs |
| 75.8431 | 616.4820 | 46,751.24960 | 01/1 02:47:36 | Delayed ~24 hrs |
| 75.8431 | 66.0741 | 5,010.76550 | 01/1 03:06:18 | Delayed ~27 hrs |
| 75.8431 | 27.0000 | 2,047.55975 | 01/1 03:12:36 | Delayed ~28 hrs |
| 75.8431 | 1,200.0000 | 91,002.65625 | 01/1 05:28:54 | Delayed ~28 hrs + remaining next 6 hrs |
If I try to settle today I see this, when in fact I will not be able to get any settle orders through before 2nd of January around 16:00.
Estimated delay should be ~56 hours.
When a user wish to settle an asset they can't settle more than the allowed maximum per period. bitUSD, bitEUR, bitCNY and bitRUBLE all have 0.5% of total supply.
If a user tries to settle more than the maximum allowed amount it will sit in queue and settle the max amount until the order is fully completed. This means that any order submitted after this will be delayed accordingly.
If max amount to settle is 1000 per hour, and a user submitted an order of 24000, a user that submits any order after that will have to wait the required delay time + 24 hour, for the first users settle to finish.
Suggestion
Whenever someone uses the Settlement option we should display if there is any additional waiting time due to current large settlements.
Parameters to take into consideration are