[ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders - page 13.

chennappa121

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Quote from: TheAndy500 on February 18, 2020, 11:09:26 AM

Quote from: Daniterse on February 18, 2020, 09:48:50 AM

Quote from: KlontBiter on February 18, 2020, 06:58:02 AM

It's a pity that they moved the pre-sales, because the market situation is quite good. Perhaps in the future, the situation will be even better than today?

This is just a guess, it is unlikely that anyone has such valuable information. Grin

No matter how the market will look in the future. If start of presale was posponed, it's because no one will buy a token of the project that doesn't even have a whitepaper. If developers do anything to improve the image of this ICO, then regardless of what happens on the cryptocurrency market, their situation will be much better. Although looking at what they have done so far, I do not expect spectacular changes for the better.

Yes bro, they are keep giving the promise in their official telegram the whitepaper will going to release soon from past few days but still not. even bounty spreadsheet also not ready because there are so many bounty hunters complaints regarding this issues past few days till now no solution for that I think burstex team have to deal with those in professional way.

TheAndy500

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Quote from: Daniterse on February 18, 2020, 09:48:50 AM

Quote from: KlontBiter on February 18, 2020, 06:58:02 AM

It's a pity that they moved the pre-sales, because the market situation is quite good. Perhaps in the future, the situation will be even better than today?

This is just a guess, it is unlikely that anyone has such valuable information. Grin

No matter how the market will look in the future. If start of presale was posponed, it's because no one will buy a token of the project that doesn't even have a whitepaper. If developers do anything to improve the image of this ICO, then regardless of what happens on the cryptocurrency market, their situation will be much better. Although looking at what they have done so far, I do not expect spectacular changes for the better.

TheAndy500

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Quote from: KlontBiter on February 18, 2020, 06:58:02 AM

Quote from: JonsinFrolo on February 18, 2020, 03:27:48 AM

You have to be patient. I hope that soon they will explain to us the reason for the transfer of pre-sales.

It's a pity that they moved the pre-sales, because the market situation is quite good. Perhaps in the future, the situation will be even better than today?

In fact, every situation would be better than today's.
Even the person who opened the announcement thread is not in direct contact with people from the dev team. There is not even minimal information about the stage of the project and even one promise or goal from the original roadmap has not been realized. To tell you the truth, I can't imagine it could be worse.

TheAndy500

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Quote from: Burstex on January 24, 2020, 09:45:56 AM

You wouldn't want to miss this!

On the 15th of February, we will gonna start our PRESALE!! So mark your calendars as early as now! 🗓

https://burstex.io/

Unfortunately, but it seems that this project is either a poorly prepared scam, or people who are organized it, are not even able to properly prepare a crowdfunding event. So investing in this project is practically lost money in advance.

To this day, he does not have a whitepaper, not to mention that even links to dev team profiles for several weeks cannot be corrected (or do not want to be disclosed).

With such a large number of team members declared, no one has time to inform that the date of presale has been moved from February 15 to April 15.

I haven't seen such a badly organized project in a long time.

I will leave this opinion here, because I am afraid that nobody will take ICO/IEO/STO markets seriously through such projects.

CaVO32

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Quote from: julerz12 on February 05, 2020, 11:45:37 PM

Quote from: electronicash on February 02, 2020, 12:51:12 PM

it looks like they are editing the url of their linkedin profiles that we now can't find. this is enough to suspect something is not right here.

That sure is some shady behavior. I just checked those links as well, as true enough some links points to nowhere.
Eduard Gerek, Fabio Kara, Andy Bel, JaeHong Seo, Shefas, Ryan W and JJOS are some of the people listed on their website that have no proper LinkedIn profiles to back them up and validate their existence.

Quote from: electronicash on February 02, 2020, 12:51:12 PM

i can't even begin to think how possible it could be a Crowd Owned Exchange.

I think their only reason to call it that way is because they promise to give back 100% of the exchange's profits to the token holders?
They might be too generous on doing that but being a centralized exchange that's under the management of a few people, it's still a far cry from calling it a "crowd owned exchange".

seems that this project is just enticing users about the promise of being crowd owned exchange but in all actuality, they are trying to lure people in to get money as much as they can. if they are now having these linkedin profiles going nowhere, i think we need to start being cautious about this platform. why would they do such suspicious thing if they are planning something good for this exchange? time to hold your coins and not send any penny to this one. we don't even know the truth about their $2m+ funds raised. are they bluffing to attract naive investors?

Sharkzz1

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Think differently

By the way, is someone considering trading with leverage x200? I hope Burstex will provide this not only for top coins like BTC, ETH, BCH, etc. This is a very cool opportunity, now there is no such thing on the exchange market. But I still don’t see anyone thinking about Byzantine fault tolerance, and i don't understand why Burstex need a blockchain. Huh

julerz12

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Quote from: electronicash on February 02, 2020, 12:51:12 PM

it looks like they are editing the url of their linkedin profiles that we now can't find. this is enough to suspect something is not right here.

That sure is some shady behavior. I just checked those links as well, as true enough some links points to nowhere.
Eduard Gerek, Fabio Kara, Andy Bel, JaeHong Seo, Shefas, Ryan W and JJOS are some of the people listed on their website that have no proper LinkedIn profiles to back them up and validate their existence.

Quote from: electronicash on February 02, 2020, 12:51:12 PM

i can't even begin to think how possible it could be a Crowd Owned Exchange.

I think their only reason to call it that way is because they promise to give back 100% of the exchange's profits to the token holders?
They might be too generous on doing that but being a centralized exchange that's under the management of a few people, it's still a far cry from calling it a "crowd owned exchange".

sockpuppet1911

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Quote from: Burstex on January 30, 2020, 10:33:50 AM

How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

Most trading volumes come mainly from wash trading and have nothing to do with buyer or seller because they are both coming from the exchange, but is this a question? You are part of the team so you can surely figure it out. These kind of posts just makes me think that you might not thought this project trough.

quality.crypto

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Quote from: electronicash on February 02, 2020, 12:51:12 PM

Quote from: Sharkzz1 on February 02, 2020, 12:39:13 PM

Quote from: electronicash on February 02, 2020, 11:23:45 AM

you wouldn't really want to work on teams who are not sure what they are doing. they already show signs of scams, you can't see the team's profile too

I don't like it either. The some team profiles is unavailable in linkedin. Topic moderator, text team to fix it. Now there is some kind of hype, a lot of startups is exchange and I hope people can earn money by buying their tokens. The main thing is to withstand competition and offer something new in that sphere.

it looks like they are editing the url of their linkedin profiles that we now can't find. this is enough to suspect something is not right here. i can't even begin to think how possible it could be a Crowd Owned Exchange.

Even in the bounty they provide the spreadsheet, but cannot able to visible the entered data in the spreadsheet, so it makes me think negatively about this platform. That's why many people losing their project transparency, which leads to loose interest in the project.

electronicash

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Quote from: Sharkzz1 on February 02, 2020, 12:39:13 PM

Quote from: electronicash on February 02, 2020, 11:23:45 AM

you wouldn't really want to work on teams who are not sure what they are doing. they already show signs of scams, you can't see the team's profile too

I don't like it either. The some team profiles is unavailable in linkedin. Topic moderator, text team to fix it. Now there is some kind of hype, a lot of startups is exchange and I hope people can earn money by buying their tokens. The main thing is to withstand competition and offer something new in that sphere.

it looks like they are editing the url of their linkedin profiles that we now can't find. this is enough to suspect something is not right here. i can't even begin to think how possible it could be a Crowd Owned Exchange.

Sharkzz1

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Think differently

Quote from: electronicash on February 02, 2020, 11:23:45 AM

you wouldn't really want to work on teams who are not sure what they are doing. they already show signs of scams, you can't see the team's profile too

I don't like it either. The some team profiles is unavailable in linkedin. Topic moderator, text team to fix it. Now there is some kind of hype, a lot of startups is exchange and I hope people can earn money by buying their tokens. The main thing is to withstand competition and offer something new in that sphere.

electronicash

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you wouldn't really want to work on teams who are not sure what they are doing. they already show signs of scams, you can't see the team's profile too

Anonylz

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Quote from: julerz12 on February 02, 2020, 07:37:00 AM

Quote from: Anonylz on January 30, 2020, 03:15:12 AM

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say Undecided

and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

3rd quarter of 2020? LMAO. Prototypes or MVP's are best to be built prior to running an ICO or IEO. That way, they have something to brag to possible investors and gives them a hint that the team is capable of building what they have promised. Just as I thought, these guys would only hire proper coders after their sale ends, but, that won't surely even happen if they sold nothing or did not reach the softcap.

Yep, just like you heard, Q3 is most likely the estimation date of release of the prototype, and don't forget it is only an estimate nothing specific at the moment so there is bound to be changes along the line, seriously, this isn't impressive at all, and as an investor this will definitely put me off,
People don't contribute money blindly like back in 2017 when all the shity project managed to raise millions and investors where able to recover their money within a short time, things have changed, people are more wiser now,
Solid project with real product are the main target of investors now, not some empty white paper project.

julerz12

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Quote from: Anonylz on January 30, 2020, 03:15:12 AM

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say Undecided

and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

3rd quarter of 2020? LMAO. Prototypes or MVP's are best to be built prior to running an ICO or IEO. That way, they have something to brag to possible investors and gives them a hint that the team is capable of building what they have promised. Just as I thought, these guys would only hire proper coders after their sale ends, but, that won't surely even happen if they sold nothing or did not reach the softcap.

indo1

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Quote from: Btc_1856 on February 01, 2020, 12:07:46 AM

Quote from: ?? on ??

There are rumors that the leaders of some popular cryptocurrency exchanges are also major players in the market, since they have hundreds or thousands of btc on their account.

This is just speculation, let's be realistic and not believe in everything. I'm more concerned about another question: is February 15 a good time for sales?

Everything depends upon the credibility shown by the company, in which company they are managing to list coin for IEO, recently many IEO companies cannot able to reach their desired target, but we don't know how far this company will able to raise to funds during this market fluctuation.

yes, it seems that the current IEO program is no longer attractive in front of the community. I did not say that it did not need to be run, IEO could have helped this project if they were able to enter the top market like binance if they were unable to enter the top market it would be very difficult to achieve maximum results

Btc_1856

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Quote from: ?? on ??

There are rumors that the leaders of some popular cryptocurrency exchanges are also major players in the market, since they have hundreds or thousands of btc on their account.

This is just speculation, let's be realistic and not believe in everything. I'm more concerned about another question: is February 15 a good time for sales?

Everything depends upon the credibility shown by the company, in which company they are managing to list coin for IEO, recently many IEO companies cannot able to reach their desired target, but we don't know how far this company will able to raise to funds during this market fluctuation.

Sharkzz1

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Think differently

Quote from: Rikafip on January 27, 2020, 04:49:41 PM

Quote from: Sharkzz1 on January 27, 2020, 04:32:03 PM

Excellent. 1 unanswered question, time for the second Angry

How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen, is that ok?

If you check ARC IRIS Hydrogen announcement thread, and Burstex announcement thread, you will see that they have similar configuration. Since Burstex one was made month and a half later, i guess they forgot to change links when copying.

Another thing that both Burstex and ARC IRIS Hydrogen have in common is that both are having those fake conversations going on. They are using Ann bumper service, without knowing that bumping doesn't work as it was before, so they are just wasting money on that. And no wonder that no one is answering your questions, as they are too busy shilling this.

Oh man, unpleasant to hear it. Perhaps this is a mistake of the bounty manager. First of all, we need to think about quality, and then about our personal time. Now everyone is in a hurry somewhere. But I don’t understand why there are so many startup exchanges Huh

I don't want to be skeptical, but now the cryptocurrency market is just a few exchanges that pull the whole blanket over themselves Sad

Anonylz

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Quote from: Burstex on January 30, 2020, 10:33:50 AM

How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

According to what am reading from this exchange, profits will be shared among token holders, not that Burstex will be the first project to make such promises and never stick to it, ...i could remember that of TenX back then, they promise to pay dividends to holders but they later changed from that promise,
So how is Burstex planning to keep up with this promise? because when you have a large number of holders of your tokens, it will become very difficult to fulfill this promise, how are you sure your exchange will generate enough profits that will be enough to go around and what is the criteria for sharing the profit to token holders?

Burstex

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How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

Anonylz

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Activity: 2562

Merit: 577

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say Undecided

and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

Topic: [ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders - page 13. (Read 4437 times)