What's up guys! Hope everyone's having a pleasant time. Noticing how Smoke has liquidity issues I figured why not setup a Dexbot to increase order book depth which would bring liquidity to the market. Dexbot is an Open source trading bot built by the BitShares community to support and encourage tokens to get liquidity. One of many brilliant projects built on the BitShares platform. My main intention of setting up this bot is to not gain profits but to get some sort of trading activity going on. This is quite an essential criteria to get listed on exchanges.
I was introduced to this project by @CryptoKong, a well known BitShares community member. For some reason I assumed it would be extremely difficult to set it up but it's really easy. The guides published are very informative and sufficient for a novice trader like me to set up the bot. Although, I had few doubts to be cleared, they were very quick in assisting me. Don't hesitate to ask any questions I'm sure you will get help. I'll drop the links to the guides and respective channels so anyone who is interested in market making for smoke could hop on the bandwagon. I'm also going to leave my worker settings page for reference so you can get an idea on how it would look. Remember, strategies are subjective. Go with what works best for you.
I highly recommend reading the following guides before you setup the worker so you get a basic understanding of how it works.
Dexbot setup guide: https://medium.com/@CryptoKong123/market-making-dexbot-user-guide-ae7b5808b3b6
Staggered orders strategy: https://github.com/Codaone/DEXBot/wiki/The-Staggered-Orders-strategy