Zcash orders it. These rules score it.
The three memos
SNOW deploy TICKER supply price creator
claims a ticker. First paid one wins it, and supply and price are fixed forever at that moment.
SNOW buy TICKER holder
buys at the fixed price with whatever ZEC is attached, in whole coins, never past the supply.
SNOW send TICKER amount to nonce signature
moves a balance. It carries dust, because the proof is the signature, not the payment.
The numbers
We take nothing per trade. The deploy fee exists so that claiming every three-letter ticker costs something.
Why a memo at all
Zcash has no smart contracts, so there is nothing on chain to run a sale. What it does have is a 512-byte encrypted note on every shielded payment, and an address whose viewing key we publish — which turns those notes into a public, ordered, timestamped feed written by authors nobody can identify.
What November changes
On 5 November, Zcash activates native shielded assets. Every balance here is designed to convert one to one into a real asset on the chain, at which point the ledger stops mattering and consensus takes over the job.
What could cost you
- — We hold the ZEC. There is no escrow contract on Zcash. Money sent to a sale sits with us until it is spent or returned, and you are trusting us with it.
- — Our ledger is the only record until native assets exist. We publish the viewing key and a state root at every height so you can rebuild it yourself, but nothing on chain enforces it.
- — Refunds are manual for now. If you send more than a sale can fill, the overpayment is recorded as owed and settled by hand. The spend path is not built yet, and it would be dishonest to imply otherwise.
- — Your holder key is yours alone. It never leaves your browser, we cannot reset it, and whoever has it owns the balance.
- — A memo typed wrong does nothing. Unreadable orders are counted and ignored, and the ZEC that carried them still arrived.
Snowline is not affiliated with Zcash, Electric Coin Company or the Zcash Foundation.