1. What is FAMEX ?
FAMEX is the Funky Auto-Magic Electronic eXchange, currently in prototype phase.
Use this tool to convert public coins at the GUARANTEED lowest price.
For the current status of the exchange and rates look here.
2. How can I trade?
Trading is by invitation only.
It may be possible (soon) to get yourself an address pair instantly from a broker, with a simple mobile-ready web form.
If not you will have to request one directly by sending a (preferably a PGP signed) email to firstname.lastname@example.org.
You need to specify which coin you will be sending to the bot, and which coin and address where you wish to receive it.
Once you have an address pair, simply send the desired amount to the famex-address of your pair and the bots will
send your receiving coin to the customer-address after it reaches the required block depth.
3. Where can I login / register?
There are no logins or registrations.
4. Is lowest price really guaranteed?
Yes, you are guaranteed the lowest price on small trades. There is no spread and no extra fee on the automagic price.
If you do find a lower price availble from another exchange, you can purchase coin on that exchange and sell it to us at the famex price and collect the difference.
If your purchase becomes a significant percentage of the Famex available supply, the price will move accordingly and the lowest price is no longer guaranteed. Use our web calculator or the formula to see the rates before you trade large amounts (relative to Famex supply).
5. Can I trade privately issued currencies such as USD, CNY, EUR with this site?
6. Can you list my favorite coin?
Perhaps. Contact email@example.com
7. Why isn't there more coin available?
For the prototype we are requiring small trades only. If you want to move much larger amounts you will
need to go elsewhere for now.
8. I had a problem with a trade. Can you help?
Yes. Contact firstname.lastname@example.org or email@example.com.
You can also try IRC channel on freenode #woodcoin for live support.
9. What is the pricing formula?
Y = Sb [ 1 - exp (-X/(Sa+X)) ]
X = the amount you send Famex in coin A
Y = the amount Famex sends you in coin B
Sa = Famex supply of coin A
Sb = Famex supply of coin B
A spreadsheet with sample calculations is available here.