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Topic: [ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders - page 15. (Read 4417 times)

copper member
Activity: 26
Merit: 0
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/
sr. member
Activity: 1974
Merit: 350
I can only say that the competition between cryptocurrency exchanges is great, and in the future, it will be even higher. What exactly is BURSTEX better than others? Huh


As for me, two things differs it from other exchanges
One is that it's on BURST
and another that Profits Shared Among Token Holders

Will it be better than the others? Time will show
full member
Activity: 1316
Merit: 105
I found information on your site that all profits are distributed to BEX token holders. then what about your exchange operational costs? besides that, does the Burstex exchange have allocations taken from the Exchange profit for reserve funds?
sr. member
Activity: 1988
Merit: 275
All exchange token holders will receive passive income from the exchange's profits, aren't these tempting conditions?

Yes of course these are great conditions
Thanks for your support and interest

That will only be attractive if the exchange will really do great in trading. If they can't attract sufficient number of traders, the profit might be small but yes, still good to have something rather than nothing. And also, hopefully, they will not disappear in no time. You'll never know the lifespan of crypto exchanges nowadays.
copper member
Activity: 26
Merit: 0
Do you plan to develop the exchange's mobile platform in the future? Roll Eyes

Good question, thank you
Yes, the mobile platform or the mobile version of exchange will be developed in future.
copper member
Activity: 26
Merit: 0
Our social media accounts in Korean Version are now up!

Check it out through these links👇
👥 https://www.facebook.com/BurstexKorea
🐦 https://twitter.com/BurstexKorea
📝 https://blog.naver.com/burstexkorea
📸 http://instagram.com/burstexkorea   
sr. member
Activity: 1176
Merit: 252
When does pre-sales start? At what price will BEX coins be sold? Will there be discounts for first-time investors?

Presale starts 15th FEB 2020
Token price is $ 0.0035 USD
Presale bonus 200%
Crowdsale starts 16TH februari, bonus 100%
17-19 februari, bonus 50%
20-22 februari, bonus 25%
23 februari, bonus 0%
sr. member
Activity: 1974
Merit: 350
In General, you are right, it sounds tempting, but I would like to study the details, because the white paper has information about this, but it is not enough

The white paper is coming soon
So soon there will be a lot of details
copper member
Activity: 26
Merit: 0
Nowadays, decentralized exchanges are starting to make an impact in the crypto world.
Is it time for them to take the crown from #centralized exchanges?

copper member
Activity: 26
Merit: 0
Then, you have the raised amount. Angel investors. oK. Is it possible to know them and the rate they acquired the crypto?

At the time the price was $0.0033/BEX
sr. member
Activity: 1974
Merit: 350
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
sr. member
Activity: 1050
Merit: 295
Your post has a link to the site, saying presale starts February 15th, 2020. However, once you actually go to the site, the "Pre-sale Signup" button doesn't even work. Above the button it states "Time's up", below it saying "Raised $2,258,500". What's the deal? Did the presale already happen or what?

Whitepaper button links to nothing as well.

They still have a lot of things to fix here. They should have made this as Pre-Ann and not ANN. At least people are not expecting too much. Also, please explain about the figure $2258500? Is that for real or are you in the process of editing your page?

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?
sr. member
Activity: 1974
Merit: 350
The information about founders is updated on the web-site
https://burstex.io/
copper member
Activity: 26
Merit: 0
Thank you everyone for your interest!

The founders will be added soon.

The amount of capital raised which is shown was provided by angel investors




Did you know?

#Burst #Blockchain was first introduced by burst-coin.org last August 2014 as an #NXT hard-fork. The only #cryptocurrency secured by the Proof-of-Capacity algorithm.

Why #Burst #Blockchain is #ecofriendly?

It is energy efficient while using free disk space for #mining and relatively cheaper than using graphic cards.

full member
Activity: 1848
Merit: 158
Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!

I can't wait to know more of this project!


Well, here's some advantages of using PoC that I searched up in a website which might help you guys understand more.

- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose

that sounds promising to me! people should be informed on these benefits to appreciate the usage of PoC. and maybe, this is the reason why they can distribute the profits among token holders because of the nature of its algo, which in the long run, can save a lot of resources.
however, i have seen projects before promising to share the profits among its stakeholders, but somewhere along the way, it didn't come into fruition because of some blind spots. with this platform, how can they ensure that there will be transparency all the way?
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
How Can we know more about your team?
I thought that it has already listed on the homepage of the site and it looks like that it's also available on the announcement thread too. But i have checked it and not all of the links of LinkedIn are not working.
jr. member
Activity: 37
Merit: 4
Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!

I can't wait to know more of this project!


Well, here's some advantages of using PoC that I searched up in a website which might help you guys understand more.

- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose
sr. member
Activity: 1974
Merit: 350
I spoke with the team so whitepaper is passing final changes and will be added soon, as well as more information about founders.

The team just wanted to inform the community about the project as soon as possible.

Also as I know there will be bounty, updates are coming soon
sr. member
Activity: 1554
Merit: 250
Making Smart Money Work
I wanted to examine whitepaper, but all I found is one page blackpaper...
https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf


they have not prepared it, coming soon.

When will the bounty program be launched? I read this information in QA. Please provide full information about the Burstex team and whitepaper.
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