Workers Auto Approve
Gnosis Prize: Buidl on the DutchX
ETHBerlin, DutchX, decentralized trading protocol
Attention developers! Come #BUIDL on the first fully decentralized exchange!
The DutchX is an open, decentralized trading protocol for ERC20 tokens using the Dutch auction mechanism for determining a fair value for tokens. Coupled with a pure on-chain design, the DutchX doubles a price oracle and is built to enable users, bots, as well as other smart contracts to exchange tokens: no strategy for participation is needed. Trading on the DutchX, users benefit from getting a fair price for their tokens through the bundling of liquidity. Additionally, all fees levied in the exchange stay inside the exchange — no value is extracted!
Any decentralized application in need of exchanging tokens and/or integrating a price feed can make use of the DutchX, so the possibilities are endless!
Develop your use case at ETHBerlin, improve usability, encourage further integration, and ultimately draw liquidity to one global DutchX pool.
[Documentation of the DutchX](https://dutchx.readthedocs.io/en/latest/) - get familiar with the docs before the hackathon! (check back during ETHBerlin for a variety of integration ideas, more videos and a link to remote support)
Christiane Ernst, Product Manager of the DutchX, [introduces the exchange](https://www.youtube.com/watch?v=HrFbN3shoz0&t=683s) at DappCon 2018
5.000€ in GNO
1. Idea 20%
Relevancy ,Does the idea fit the DutchX “values” (fair & decentralized?),Re-usability, Originality
2. Technical difficulty 35%
Level of difficulty, Implementation, Documentation, Code, Bug-free, Beyond SDK, Further consideration
3. Usability for others 30% (could be either for technical integration or end-users)
Ease of use, Reaction, Parameterization, Re-usability
4. Size of potential user base 10%
Expectation of liquidity per user, Number of users
5. Wow factor 5%
We are here to support you! Come by the Gnosis booth on the 2rd floor. If you can’t find us (esp. on Saturday), we will monitor our [Gitter](https://gitter.im/gnosis/DutchX) for you.
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