[ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders - page 14.

julerz12

legendary

Activity: 2492

Merit: 1164

Telegram: @julerz12

Quote from: o48o on January 29, 2020, 05:38:46 PM

Quote from: julerz12 on January 28, 2020, 11:19:03 PM

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

Yeah. You're right. The most probable thing to happen is the team would only permanently hire a coder after their IEO/ICO. Currently, they probably don't want to spend extra funds for it especially when the exchange itself isn't even running yet. Although, this might never even happen if their IEO/ICO wouldn't have great results.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: o48o on January 29, 2020, 05:38:46 PM

Quote from: julerz12 on January 28, 2020, 11:19:03 PM

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

Your point here is very valid. They should have constant presence of at least one programmer in the team. Third party services is not a reliable one especially if they are changing it from time to time. They should hire at least one that will overlook their system from the beginning and all throughout its journey, as he will know the potential bugs and resolutions that will come along the way. He should know the history. It would be too difficult to rely on outsourced services because they will always start from scratch.

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

Quote from: julerz12 on January 28, 2020, 11:19:03 PM

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

julerz12

legendary

Activity: 2492

Merit: 1164

Telegram: @julerz12

Quote from: o48o on January 28, 2020, 07:02:12 PM

I can't see a single one coder on your team, only in advisors. Are you seriously trying to keep your exchange running with advisors tat can code? Coders need to be on the top of the decision making progress just to keep your exchange safe and running.

They might have just hired someone, outsourced it. Lots of projects do that nowadays. Also, most coders usually choose to be anonymous and don't want to get in tangled with any project (unless of course success is clearly visible. Grin

) which explains why no coder is listed on their team.
BTW, OP, Do you guys have an MVP? I can't seem to find it on the website.

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

I can't see a single one coder on your team, only in advisors. Are you seriously trying to keep your exchange running with advisors tat can code? Coders need to be on the top of the decision making progress just to keep your exchange safe and running.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: indo1 on January 26, 2020, 04:19:39 AM

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

It is such outrageous bonus that end up hurting a project at the end, how can a project that is sure of what it has to offer gives such bonus! sorry to say this but any project given out huge bonus are just here to make quick money, i think the first thing they should be concerned about is having prototype of this exchange, some exchange project nowadays already have their prototype of exchange even before token sale.

Burstex

copper member

Activity: 26

Merit: 0

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?

We hope all your questions can be answered in white paper, which is coming soon.
Also could you be so kind to point which question do you mean? As some questions which are put here being answered by forum community.

Regarding decentralization - we will use BURST blockchain.

The video link is changed now, thanks

Rikafip

legendary

Activity: 1722

Merit: 5937

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.

Sharkzz1

sr. member

Activity: 880

Merit: 251

Think differently

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?

Daniterse

jr. member

Activity: 64

Merit: 1

Quote from: ?? on ??

Does the project have a white paper? I would like to explore the concept and technical characteristics.

Buddy, here's the link. https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf
I Advise you to familiarize yourself with the project before making any decisions.

Burstex

copper member

Activity: 26

Merit: 0

To be a trusted crypto exchange, one must consider the following criteria
☑️Security🛡️
☑️Liquidity💰
☑️Trading fee💵
☑️Ease of use👍

How about http://Burstex.io as a Crowd Owned Exchange?

terciduk123

sr. member

Activity: 1176

Merit: 252

Quote from: ?? on ??

I would not like to face such a situation when the price of the token falls, I hope they have a plan.

For sure, projects of such a high level have experienced analysts and economists who can make forecasts.

What high level experience do you mean? can you prove it? even the BURST tokens don't have a good volume on the market.

If the team has prepared a strategy to prevent the fall in the price of tokens because the bonus is too large, I hope the team will share this information here.

indo1

sr. member

Activity: 1904

Merit: 256

Vave.com - Crypto Casino

Quote from: terciduk123 on January 26, 2020, 08:00:38 AM

Quote from: ?? on ??

Does the project already have its own wallet? Can I test its functionality? Where can I find information on this issue?

You can find information about the BURST wallet on the Burstex.io site in the FAQ section.

Quote from: indo1 on January 26, 2020, 04:19:39 AM

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

Actually, a bonus that is too large is not good for the token itself, because it can cause the price to fall when the token is traded. they said that they had collected $ 2 258 500 USD. I hope they can prove it.

it is a big number, even though they have a target of harpap which is still far from the total that they are currently getting, but they must also be able to prove the total funds that they get now, so that public trust can be fully firm in achieving sales that are currently taking place before the next sale occurs

terciduk123

sr. member

Activity: 1176

Merit: 252

Quote from: ?? on ??

Does the project already have its own wallet? Can I test its functionality? Where can I find information on this issue?

You can find information about the BURST wallet on the Burstex.io site in the FAQ section.

Quote from: indo1 on January 26, 2020, 04:19:39 AM

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

Actually, a bonus that is too large is not good for the token itself, because it can cause the price to fall when the token is traded. they said that they had collected $ 2 258 500 USD. I hope they can prove it.

indo1

sr. member

Activity: 1904

Merit: 256

Vave.com - Crypto Casino

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

Sharkzz1

sr. member

Activity: 880

Merit: 251

Think differently

Hello There! Maybe someone already wrote about POC, but i need to know something. If Burstex will have the own blockchain network, what i need to do, that i can launch my node or something that. This is the first time when I am faced with Proof of Capacity and I don't know anything about this consensus algorithm. Huh

Burstex

copper member

Activity: 26

Merit: 0

What we should do to earn profits on http://Burstex.io?

Nothing! Because users who hold $BEX (Burstex token) will receive profits from exchange fees, that easy! 💰

Flodner

sr. member

Activity: 1974

Merit: 350

Quote from: ?? on ??

Anyone familiar with Burst blockchain? What's so special about it? I'm most interested in security.

Burst was created in August 2014 as a NXT code fork – it has been working and battle-tested for years. It is the first cryptocurrency using the Proof-of-Capacity consensus algorithm, a modified PoW mined with HDD space, making it much more energy efficient and green than Proof-of-Work, yet fairer and more decentralized than Proof-of-Stake. It was the first ever cryptocurrency to implement working, turing-complete smart contracts, and to perform Atomic Cross-Chain Transactions (ACCT). And with the new BlockTalk framework, smart contracts can be coded in Java and deployed to the chain with ease.

More about BURST you can read here: https://www.burst-coin.org/

Flodner

sr. member

Activity: 1974

Merit: 350

Quote from: Bowtiesarecool on January 24, 2020, 12:45:19 PM

You're kidding right? Who hasn't heard of Multicoin Capital? Lemniscape VC? Fenbushi? NGC? Drapper? And they all have the startups they invested in on their site. Yes, you're asking if I remember startups that listed their investors, but I'd rather point you to the angels first so you can go see it publicly documented and then go to the site of the startups and see if they didn't disclose. Most recent rate disclosure I can remember was by Kava stating the rates for all 3 private sales. Hbar too disclosed their rates even when it was zero. Literally

Ok, thanks for your answer. Some of the names I heard of course.
Also your question is now answered: "At the time the price was $0.0033/BEX|
Thanks again for your interest

Bowtiesarecool

sr. member

Activity: 1050

Merit: 295

Quote from: Flodner on January 21, 2020, 05:38:04 AM

Quote from: Bowtiesarecool on January 21, 2020, 04:05:24 AM

So many things just doesn't add up.
While it's true that they may have been "excited" to have announced and published the whole thing, it made no sense that the CEO, CTO, and other product heads decided to sit out having their profile slots taken by a bunch of advisors, marketeers, and community managers. Really, community managers over project leads. Might as well shove in the janitor too.
Now that the founders' profiles, I can see reason why it's rather be in the dark. MLM, anybody?
Then, you have the raised amount. Angel investors. oK. Is it possible to know them and the rate they acquired the crypto?

Thanks for your interest and questions.
I tried to remember projects that disclosed information about angel investors' rate I don't remember any. Do you?
However if Burstex team can answer this - we'll hear the answer

You're kidding right? Who hasn't heard of Multicoin Capital? Lemniscape VC? Fenbushi? NGC? Drapper? And they all have the startups they invested in on their site. Yes, you're asking if I remember startups that listed their investors, but I'd rather point you to the angels first so you can go see it publicly documented and then go to the site of the startups and see if they didn't disclose. Most recent rate disclosure I can remember was by Kava stating the rates for all 3 private sales. Hbar too disclosed their rates even when it was zero. Literally

Topic: [ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders - page 14. (Read 4417 times)