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[Steemiex] A new Gateway that's bridging Steem into RCL

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[Update (15-Dec-2017)] The gateway had discontinued its operation.

 

Steemiex-logo.png.0717330c6f5306d9e6a8890e80e009ef.png

  • RCL Issuing Address: rKYyUDK7N4Wd685xjfMeXM9G8xEe5ciVkC
  • RCL Operating Address: r3dpA9FBczceWTWh4FRquuSvEVaQyU3GNg
  • Steem Account: steemiex
  • Currencies: STM, SBD.

 

Steemiex is the first gateway on Ripple-network that's fully operating with M-of-N multi-sig accounts.

All deposits and withdrawals are fully-automated, co-managed by five signer-nodes (on 3-of-5 multi-signature setting) deployed at five different location across US, Europe, and Asia.

==============================================================================

How to Deposit from Steem-blockchain into RCL

1. Make sure you had set sufficient trustlimit to Steemiex issuer

    rKYyUDK7N4Wd685xjfMeXM9G8xEe5ciVkC

 

2. Login to your Steem wallet, transfer some STEEM or SBD to @steemiex, attaching your ripple account in memo.

steemiex-deposit.png.9c616864bd88ddbd9c1107e7d18166d3.png

a destination-tag could be specified following the ripple account, separated with a comma or space, 

(e.g. r3DuKhPk9mCnYyMn449TitkDskPpNT7rWY 12345)

 

Deposits will be processed once the block containing it become irreversible (typically took about one-minute).

 

Minimum Deposit Amount

1.000 SBD or 1.000 STEEM.  Any amount smaller that these will be completely ignored by Steemiex gateway.

 

Bounced Deposit

In the cases where a deposit failed, the same amount (less fee) will be bounced back immediately to the original Steem account. 

Possible causes of failure: 

  • invalid ripple account or destination-tag in memo field
  • absence of trustline, or insufficient trust-limit on RCL

 

==============================================================================

How to Withdraw from RCL to Steem-blockchain

Any withdrawal of STM or SBD must be sent to the operating account (hotwallet):

  r3dpA9FBczceWTWh4FRquuSvEVaQyU3GNg

* Do NOT send any STM or SBD to Steemiex's issuing address!

 

There are two methods of specifying a Steem account as withdrawal destination:

  • stating your Steem account in transaction memo,
  • stating your Steem account-Id in destination-tag.

If both memo and destination-tag present in a transaction, destination-tag will overwrite.

 

Withdrawal with Steem-Account in Memo

The following steps assume you're using ripplerm-wallet:

  1. Switch the Wallet account to your own address, and set the associated secret-key.
  2. Go to Payment tab.
  3. Fill the form:
    • Recipient: r3dpA9FBczceWTWh4FRquuSvEVaQyU3GNg
    • Destination Tag: (just leave it blank)
    • Memo: a Steem account that you like to withdraw to.
    • Amount: the amount and currency to be withdrawn.
  4. Select a payment option, click Submit.

steemiex-withdraw-ripplerm-1.png.8716d4ec1955967423611acf3057166c.png

 

Withdrawal with Steem-Account-Id in Destination-tag

First, check your Steem account ID at https://steemd.com [/@your-account-name].
The account-id could be found on the upper-left corner on your account page:

withdrawl-id.png.2f20e29bcc894348e69b5655ffc5d137.png

 

For those who are using Gatehub Wallet:

  1. Login to your wallet.
  2. Go to Wallet tab, and Send Payment.
  3. Fill the form:
    • Send to: r3dpA9FBczceWTWh4FRquuSvEVaQyU3GNg
    • click Add DT, enter your Steem Account-id into Destination Tag field.
    • Amount: the amount and currency you would like to withdraw.
  4. Select a pay option, then click Next step.

steemiex-withdraw-gatehub-1.png.eb56dd836cea86bc2c1d5f7cc9ba91dc.png

 

For users of xrp-chat Desktop Wallet:

  1. Login to your wallet.
  2. Select Send tab.
  3. Fill the form:
    • Recipient: r3dpA9FBczceWTWh4FRquuSvEVaQyU3GNg
    • click show destination tag, enter your Steem Account-id in the box.
    • Amount: amount you would like to withdraw.
    • Currency: enter STM for STEEM, or SBD for Steem-Backed-Dollar.
  4. Select a send option, then click Confirm.

steemiex-withdraw-desktop.png.04ba91877703049862077c09ceb9f9a3.png

 

Minimum Withdrawal Amount

1.000 SBD or 1.000 STEEM. Any amount smaller that these will be ignored completely by Steemiex gateway.

Bounce Withdrawal

If an invalid destination-tag or Steem account was provided, the withdrawal amount (less fee) will be bounced back to the original ripple account immediately.

 

==========================================================================

Fee

As an anti-spam measure, a minimal fee of 0.010-STEEM or 0.010-SBD will be charged on each deposit and withdrawal.

 

 

Edited by ripplerm

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Trading STM or SBD on Ripple-network

To trade STM or SBD, you must add the trade-pair (market) into your wallet apps.

For users of Gatehub wallet, you can add STM or SBD by following this guide:
[Steemiex Guide] Adding New Currency-Pair (Market) in Gatehub-wallet

For those using ripplerm-wallet, a general trading guide is available at:
[Ripple-Wallet Guide] Trading / Exchange

Edited by ripplerm

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7 minutes ago, tulo said:

Questions :D:

  • What are STM and SBD?
  • How deposit/withdrawal are automated if 3 accounts need to sign?
  • Who is/are the owner(s) of the 5 accounts?

What are STM and SBD?

these are IOU symbols representing STEEM and STEEM-backed-dollar. They are tokens on Steem blockchain.

For more info, visit: steem.io or steemit.com

 

How deposit/withdrawal are automated if 3 accounts need to sign?

All signers will be constantly monitoring both RCL and Steem blockchain, and publish their signature on RCL network (via txn memo).

technical detail: https://github.com/ripplerm/steemiex-node/blob/master/docs/workflow.md

 

Who is/are the owner(s) of the 5 accounts?

Currently all the five validators are owned and operated by me. 

Anybody who likes to join the validator list are welcomed. I truely wish that the gateway could become decentralized in future, co-managed by different parties from different background/regions. (RCL support up to 8-signers for multi-sig)

The codes of my validator-node is open-source: https://github.com/ripplerm/steemiex-node

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