Update: The original article indicated a trade fee of 1%. This is not correct, the correct fee is 0.1% on trades and nothing on withdrawal. My apologies to forks.green.
If you thought Gate.io and OkEX were sketchy wait until you get a load of this. Its called Forks.Green and it is a barebones automatic exchange website for Chia forks. I want to lay out first that no matter what the experience we had using this service, I really cannot recommend anyone use it,
The reasons for that? No one knows who they are, or even if they have any assets backing the exchange. All their contact and about links are dead, not even any pages on their site. Their only form of contact is a discord server called Chia Fork Russia. There really isn’t a single reason to trust it.
But it is cool regardless.
From what I can tell this thing just launched, and you can see below by the order volume that it is very, very low at the time of writing. Some preliminary testing with some Flax shows that you can deposit and withdraw coins, although withdrawal does require setting up Two Factor Authentication (2FA). There are also some issues with the email signup, with Speedmann having some issues with the signup process and a number of users in the discord talking about email verification issues in Russian.
Hendrik, from the Chia Plot discord server, kindly risked his XFX coin to transfer in, trade it for some XCH and then transfer it out. Hendrik was able to crash the price of Flax with a single 1 XFX trade – the price dropped almost 80% after his trade. They have a 0.1% fee and he was able to successfully withdraw his almost 0.001 XCH with no withdrawal fee. Check out the screenshots below to see the process.
I’m interested to see where this goes, and I am currently syncing some chia fork nodes right now in order to transfer some altcoins into this exchange and play around. This is a very different animal from the Chia Fork Traders discord marketplace. If you have either a very positive or very negative experience please let me know in the comments.
Update: I tried to sell some ChainGreen on Forks.Green and I did not have as much luck as Hendrik.