Topic: [ANN] COIX.IO [ICO] COIN EXCHANGE WITH NO COMMISSION [BONUSES] (Read 404 times)
"..in 1.5 years we will achieve a daily turnover of 100,000,000$ with a daily profit of 100,000$, making the price of our tokens increase to 1,000%-6,000% of the price sold at ICO"
September 25, 2017, 10:48:10 AM
We've got a request from someone, unfortunately we didn't get your email or name, but here is the question that we will answer here:
The profit to the investors will be paid in ETH, each investor will receive profit share according to the tokens in possession.
There is no burn strategy on unsold tokens, the tokens can be bought at anytime after the goal has been reached. The goal is going to be only a fraction of a total amount of tokens, and it's just to get us started. We will need the entire amount provided by the sale of the tokens to make this project.
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Hi Guys, it would be good to details in the whitepaper about the profit payment currencies, will these be distributed in the currencies traded? or will this be in a single denominated crypto eg ETH. Also is there a burn strategy on unsold tokens. Thanks
The profit to the investors will be paid in ETH, each investor will receive profit share according to the tokens in possession.
There is no burn strategy on unsold tokens, the tokens can be bought at anytime after the goal has been reached. The goal is going to be only a fraction of a total amount of tokens, and it's just to get us started. We will need the entire amount provided by the sale of the tokens to make this project.
September 25, 2017, 07:27:19 AM
BONUSES
2 types of Bonuses will be paid:
▣ To early investors, who invest within the first month
▣ To people who invest with amounts more than 1 ETH
2 types of Bonuses will be paid:
▣ To early investors, who invest within the first month
▣ To people who invest with amounts more than 1 ETH
CONCEPT
The new generation of coin exchanges is here and we believe that they need to be with no commission.
The idea is that traders will make orders for buy and sell coins and they will receive the exact amount of coins they ordered, and at the exact price of the order, if the order is to be filled. However, it is quite rare that price of buy order will match exactly the price of a sell order, and the difference in price will be kept by the exchange.
With this advantage we believe traders will be happy to work with us and we will obtain a significant share of coin exchange market.
A medium sized coin exchange has a daily turnover of 100,000,000$, while they charge an average of 0.25% commission. So it's easy to calculate, that daily profit of the exchange itself is 250,000$. As shown in our roadmap, we'd like to achieve this turnover metric in 1.5 years. However, our practice shows that the profit of a commissionless exchange will be reduced to 0.1% of the turnover amount i.e. 100,000$ per day. We believe that commissionless exchange will be very attractive to the traders and will allow us to grow in a fast pace.
TOKEN DISTRIBUTION
The token holders are equal to share holders of the COIX.IO exchange and are eligable for profit share according to their share of the company.
The ICO sells 50,000,000 tokens, with each token accounting for 0.000001% of the company, or in other words 1,000,000 tokens for 1% of the company.
We plan to raise 3,000,000$ (10,000 ETH) in ICO to produce a top-tier coin exchange utilizing the most modern web/mobile technologies. We will start the development of the project once we raise 100,000$ (333 ETH) and we hope that other investors will catch on when they see the project's progress. Of course, early investors will receive additional tokens to compensate the risks.
ROAD MAP
Stage 1: ICO
October 1st, 2017 - November 1st, 2017 we plan to raise 100,000$ (333) in ICO sale with 5%-20% bonuses to early investors.
Bonuses distribution:
October 1st, 2017 - October 7th, 2018 +20% to bought tokens.
October 8th, 2017 - October 14th, 2018 +15% to bought tokens.
October 15th, 2017 - October 21st, 2018 +10% to bought tokens.
October 22nd, 2017 - October 28th, 2018 +5% to bought tokens.
Stage 2: Project Development
November 1st, 2017 - May 1st, 2018 the project will be under development to produce a top-tier coin exchange system. Both web and mobile versions will be created. Team size will grow to a size of 12: 2 Backend Developers, 2 Frontend Developers, Designer, Tester, Devops, Marketing Director, Trading Advisor, PR Manager, SMM Manager, CEO.
Development roadmap:
November 1st, 2017 - March 1st, 2018 Design flows creation
December 1st, 2017 - April 1st, 2018 Frontend development using websockets, polling. SPA approach. Tech stack: React.js, Node Modules, Git.
December 1st, 2017 - April 1st, 2018 Backend development. Tech stack: PHP 7.1, Lumen, MySQL, Redis, Git.
Jan 1st, 2018 - May 1st, 2018 Mobile development for iOS and Android app.
March 1st, 2018 - May 1st, 2018 Adding content, help sections, support sections, support for coin markets.
During this time we plan to raise the rest of 3,000,000$ (10,000) from tokens that are for sale in ICO.
Stage 3: Marketing and Product Improvement
May 2018 - June 2019 the project will be improved to be the best in its niche. It will be test proofed by traders and developers. Server architecture will be employed on AWS to account for growing traffic. Marketing strategy will be implemented to attract more traders.
We plan to hire at least 8 more people at this stage: 6 Developers, Devops, HR.
During this time additional shares may be sold to continue rapid growth of the company (up to 30% of the reserved shares may go for sale).
https://coix.io/img/fullscreen-coix-io.jpg
Team of IT professionals, #coix.slack.com
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