Topic: [ANN] BtcEX - Built for Security, Transparency and Liquidity - page 6. (Read 4334 times)

In addition to getting free tokens, what are the benefits for holders or users of BXC tokens?

I think BtcEX will launch a leverage the cryptocurrency trading platform, with trading allow customers to enjoy profitable opportunities by buying or short selling to increase market liquidity. Regardless of whether or not the cryptocurrencies is a trend that is bull or bear, that volume can always be increased.

I have experienced a transaction failure on an exchange, initially only pending and yet after waiting for quite a long time it was said that the transaction failed due to technical problems. But my cryptocurrency disappeared because of the transaction, and there was no accountability from the exchange. How does BtcEX respond to this?

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Maybe this is the first time I have found a project with the concept of an exchange platform. Although there are many things that I don't know yet, but with a good response from the team, I think that is quite helpful. Hopefully the team always gives a good response like this until this platform has been launched and running later.

Hello community,

Base on your question, I am here to answer. Please note that legal document is follow to legal advise provide ! Personal data only for KYC purpose on BtcEX token sale. However, we may use to inform you about BtcEX platform progress by email.

1.Of all the privacy and policies determined by the company regarding personal data, does the company can reveal personal data about users to unaffiliated third parties?
 BtcEX will not reveal personal data about users to unaffiliated third parties.
2.Has this project reached their softcap?
No
3.I didn't know about BtcEX in the past, because there was no discussion about that. What I want to know is, does the plan that BtcEX is currently making have a target and a achievement more than in the past or the same?
Please see our WP https://bxlend.com/mt-content/uploads/2018/12/white-paper-3.2.pdf
4. What is the purpose of BtcEX in the near future?
According to the BTL report: https://www.blockchaintransparency.org/december-2018-rankings
Their report shows that only Binance, Bitfinex, GDAX, Kraken, Gemini is report actual volume. Our remarketing solution can immediately support these crypto pairs: BTC, ETH, XRP, BCH, EOS, LTC, DASH, NEO & ETC. BtcEX aims to source out the Top 10 ranking exchanges for order book liquidity & volume. This will improve the stable banking solution and user experience before building different products e.g. leverage trading and p2p lending.
According to TrustPilot, Bitstamp (https://www.trustpilot.com/review/bitstamp.net), as a top 10 exchange doesn't care too much about reputation. BtcEX, however, will abide by regulations, provide transparency and compliance, and believe that word of mouth advertising will lead users in the cryptocurrency industry to delete accounts on non-trusted exchanges and move to more reputable platforms.
5. What is the total number of tokens that will be distributed to bounty hunters?
For bounty program please see http://bountysuite.com/bounty-programs/btcex.html
6. What if there is damage on one of the servers it has? will the data in it be lost?
No, we will have backup server & database.
7. On the roadmap the team plans a drive $ 9 million volume on December 9, 2019. If the achievement has not been achieved, will the team delay the predetermined schedule or will it continue to the next stage?
We still move to next stage even cann’t reach $9 million volume at December of 2019.
8. How much confidence does the team have if the stated vision and mission are on target?
I would say 65% at this moment ! Due to we still not obtain license & sable banking solution ! After obtained that will say 80%
9. What will BtcEX develop in the future?
Sure, we will develop leverage & p2p lending platform after spot exchange operating profit.
10. BtcEX aims to development & provide services in 3 stages: Stage 1: Wallet & Exchange Service. BtcEX can keep cryptocurrency and utility tokens on the platform in wallets, however, it will not be immediately available to keep fiat funds or any other assets on the platform without receipt of necessary licenses. License requirement: FIU (Financial Intelligence Unit). Stage 2: Enable proposed mining features, ICO project listing, and voting services. Stage 3: BtcEX Full Order Book Exchange. Storage of fiat funds on the platform, provides leveraged trading service, P2P lending, derivative instruments, security tokens, and STO listings.
11. Can you describe a little about discounts at each stage?
Please see our WP https://bxlend.com/mt-content/uploads/2018/12/white-paper-3.2.pdf
12. If 30,000,000 BXC tokens have been sold out in the middle of the public sales stage. What alternative actions will the team take to fill the time gap?
It take 1 month form MVP move to production wallet exchange. However, It take extra 1.5 month form wallet exchange move to production full feature order book exchange.
13. In the distribution of tokens there is an allocation of 24% of the total supply reserved for user incentives. What is the purpose of the allocation?
The purpose is user incentives & reward eg daily received BXC.
14. According to BtcEX, what factors will make this exchange successful?
Funding, please join our bounty-programs http://bountysuite.com/bounty-programs/btcex.html help us reach our cap.
15. When this platform is launched later, can all the features offered be directly used?
If unfortunately platform is launched later, we will inform our community through telegram and here as announcement.
16. I still don't understand the term Cross-FX remarketing on this platform, can anyone explain that?
It let us add major crypto eg BTC/USD , BTC/GBP , BTC/EUR. Base on fx currently rate convert to BTC, ETH, LTC, BCH else.
17. Can it be explained by the team, what are the uses of personal data for someone who has registered other than for KYC use?
personal data only for KYC useful for BtcEX ICO. However, BtcEX may send email as announcement about BtcEX platform progress.
18. What are the technical and security measures that have been implemented by the company?
Exchange data is safeguarded by layered architecture, insulating all customer assets and exchange internals. Automatic backup of the database once a day
Once a day, the database of the platform is backed up, encrypted and compressed as an archive.
Duplication of backup data automatically.
Protection from DDoS attacks.
We are protected by automatic Distributed Denial of Service protection to ensure that trading cannot be halted by outside attacks.
VPN communication to platform core.
19. Why are so many countries prohibited from participating in the sale of tokens and receiving BXC tokens?
Follow by legal advisor & combine to United Nations sanctions.
20. When will the team reveal about their achievements?
We will keep posted an announcement here & telegram group https://t.me/BtcEXpro
21. What if none of the tokens were sold, either in the pre-sale stage or the public sales stage?
i. If more than 80% of the soft cap funds are raised, the sale will be extended an additional month.
ii. If less than 80% of the soft cap funds are raised, all funds contributed, excluding transaction fees, will be returned to the same wallets used in the initial transactions.
22. Will each year receive a discount trading commissions with the same amount or not?
1st year: 50%
2nd year: 35%
3rd year: 20%
4th year: 10%
5th year: no discount

Thank you for attention
Best wish,
Kevin Ng

According to BtcEX, what factors will make this exchange successful?

In the distribution of tokens there is an allocation of 24% of the total supply reserved for user incentives. What is the purpose of the allocation?

I think the team will remain in accordance with what has been planned as in the roadmap, if possible to fill the existing time gap, the team might review what has been done before proceeding to the next stage.

If 30,000,000 BXC tokens have been sold out in the middle of the public sales stage. What alternative actions will the team take to fill the time gap?

I will do it, thank you for the response and advice.

I think you should start going to read the whitepaper, because all the answers you are looking for have been explained there by the team.

Can you describe a little about discounts at each stage?

Yes, at the pre-sale stage and at the public sales stage there will be price discounts that vary at each stage with the stipulated conditions.

Is there a price discount when buying BXC tokens before the crowdsale stage?

What will BtcEX develop in the future?

Of course not. I just want to try sharing information that I know with other members about this project. Because in my opinion this project is quite interesting to observe. That's all.

Are you part of the team, Sir? because if I see, you answer some questions from the members of this forum?

For all any service and promotions please send it to [email protected]

How does this exchange platform work? is there will be a video tutorial later?