Topic: [ANN] [EXCHANGE] Bitmora - Digital Asset Exchange (Read 4103 times)

We are going to close this thread as we don't see it as very useful. If you have any bounty questions, as always, private message us on here. Company updates and discussions will be posted on telegram and social media. Our thread will be reopened shortly once we are ready to have beta discussions as well as bounty payouts!

Malta- you are correct, we did mention it in the past update... As I said, we are waiting on some laws and regulations on their end, nothing we can do to speed up their process. It's not a simple overnight task.

I honestly don't know what to tell you besides reiterating the same thing over and over. I've explained NUMEROUS times to you over the course of this month, in which NO NEW information has come out on our end. I'm not sure if you follow Maltese Law, but they are undergoing massive regulation changes involving crypto. We can't simply slide by that, just like how we can't simply slide by US regulations. We've spent a ton of money on lawyer fees getting everything sorted on our end for both US and European law.

You're still coming back to us complaining about money, when I gave you a explanation just a few weeks ago, and yet you are going to fire back with the exact same statement. A year ago you seemed to believe you could start an exchange with less than $10,00, maybe now you understand that's not quite possible by watching our downfalls.

Both my team and I understand you don't like us. That part has been the most obvious for over a year while you continuously hit us down with nasty comments, whether the news was good or bad, further damaging our brand. Our contributors have a much better attitude than you, rather than constantly hitting us down at any given opportunity, they are sticking by us, not screaming about money and are giving support.

You're right, we only got 50k left, and I can tell you right now we got even less than that now that a few weeks have passed since then. It's going to be very hard to get off the ground now as volume would be very low as we have literally nothing left to actually pump volume into the exchange. Either way, we are pushing forward. Even with the laws, regulations, and money against us. Our contributors all have the up-to-date information and we will keep pushing forward until we either launch or can't push anymore.

We've been working on this for over a year now and are not going to let one developer make make us "lower our heads in shame", if that's the way you perceive things then maybe you should go ahead and put your head down yourself.

-CB

This whole situation is a complete disaster. The first mention of the company registration in Malta being postponed was in the previous post. You said well over a month ago that Malta was ideal and you should have done it earlier!

Now there is a reason to delay registration in Malta (new rules and laws). There was a reason for delaying the launch of the beta trading for investors (because the developer ran off). Then new developers are trying to launch the website but over a month later just have not managed it?

Colton, by your own admission you spent $250,000 and have just $50,000 remaining. You spent $250,000 of investors money and have nothing to show for it? You are playing with $50,000 of investors money trying to get the project launched with the live telephone operators from day one? Your $50,000 is more than enough to launch the project (just one website running on Alphapoint) using Alphapoint and their own whitelabel service.

This whole mess is something you created as a result of your own mismanagement. How many of those investors will bother investing in other projects because of the bad experience they had with Bitmora? Colton you and your fellow team member Elias should lower your heads in shame. You failed as a project manager.

How much is the Alphapoint whitelabel costing?
How much are you paying the developers?
How much did you pay the previous developer that ran-off?
How much did you spend on promotions and other expenses?

Will you provide a full breakdown so everyone can see exactly how badly you mismanaged the project with a dollar by dollar account? $250,000 spent and nothing to show!

Hi, we keep people updated via Telegram. Weekly Reviews have not been posted because there's nothing to review. Development is moving 7 days a week, but beyond that it's pretty slow. No new partnerships, agreements, and Malta is on hold as well until they release their new set of laws. We are doing our best to bring a quality exchange for everybody. All of this information was given to our contributors and followers before we stopped sending Weekly Reviews.
I was hoping this past week the devs would be far enough to provide screenshots/video of the exchange, but it seems they're not quite there yet. By the looks of things it looks like this coming week our production environment will be ready to view so I can send some images out along with a Weekly Review.
As for contributors, if they've been following us on Telegram and/or asking questions, then they should be fully up to speed on the progress. As per our terms, contributions are not able to be refunded.
This coming week we will also release our new site (the pages that do not touch exchange functions), which should be done by Friday.

Still silence from Bitmora..... I am so glad I did not invest in this project and I feel sorry for those that did invest.

Why have the Weekly Updates not been posted? What are those investors supposed to do that have had enough of the situation and want their money returned to them?

The last update from the Bitmora team was on 15th June 2018 (nearly 2 weeks ago)

Surely they should be actively reassuring potential customers and existing investors by using all modes of communication regularly such as this forum and their other channels including Medium.

What confidence does anyone get from Bitmora? This seems to be a prime example of why investors get scared of investing. People get scared because the projects do not get launched on time, the milestones become a non-starter and the reasons/excuses for the delay are presented.

What is going on with Bitmora?

All of those updates our been posted on our Weekly Reviews, we will not continue to remind you about bounty payouts or launch date in official company updates. All of that info has been covered numerous times, and has not changed. As always, people on our Telegram can ask their questions freely and many topics have been talked about in the past week.
As for money, we can see about releasing a public financial document, but nobody has bothered to ask. A lot of money was lost during Bitcoin’s drop in December-February, around 100k, that’s slightly our fault because we kept all funds in crypto (we no longer do that). Money spent is obviously scattered, but we’ve kept track of everything so some sort of pie chart can be made for the past, and future. Money left is around 50k.

No sign of any update with real information about going live for the beta release and there was no mention about the developer, the security holes and how much money was spent on hiring the new developers and most importantly no information about when the bounties will be paid and no information about the viability of the business because nobody knows how much money is left in the kitty. There is no breakdown of how much and where the money raised has been spent.

Yes, all contributors waiting for a long time (me too), i hope in the next update news, the team of bitmora will say about Bounty Participants because bounty thread still not update 

Got to say this delay is extremely bad news for the reputation of Bitmora....

Pretty easy to spot those info in the announcement. But, if you are lazy enough, I can help you with quoting these facts from the website.

Bitmora Inc.
4858 Mercury Street
Suite 210
San Diego CA, 92111

The exchange is centralised as they have a cold storage system.
Hope it helps.

As I am awaiting the start of Bitmora i got some questions: Will it be decentralized or will it be centralized. And if the second, where is the location and will it be licensed in any form? Thx in advance for the info.

Our Weekly Review was just posted and includes many updates and answers to questions!
https://medium.com/bitmora/bitmora-weekly-review-june-4th-2018-931f070aa9d1

Still we will not get any news about the bitmora exchange beta when will going to launch and they will give only that soon bitmora beta going to launch lets see, and the bounty campaign spreadsheet is going to finalized this Sunday.

Still no news about the beta launch even though it has been over a week delayed. Exactly what was it the dev did or did not do before he left the company that could not be fixed even a week later?

Such a sad state actually. Looked so promising one time but even if they get everything back on track it will take time to restore faith for end users.

Right now bitmora.com website is down

Yes it is true, I also signature bounty participant, even I have meet everything, but they have not paid.

I am waiting past 4 months for get my final stakes for my signature campaign bounty from bitmora time but there not finished the spreadsheet updating still now and only saying bounty well distribution to bounty hunters to after bitmora exchange lunch.

hopefully the project soon finishes, we are waiting for this, a very good project for sure.

I hope that the launch will take place, and I would like to see how progress is going  in real time. And from when there is no news, this is ....