Topic: [ANN] [EXCHANGE] Bitmora - Digital Asset Exchange - page 10. (Read 4093 times)

These innovative ideas are the reasons people should believe in cryptocurrency based new way life. Hopefully this one will be a huge success so that our lives become more easy.

The good news is, I supported your project at bounty, and I'm really glad you're making progress ...I respect people who are serious about their projects and community .

Hello, correct our launch is in roughly 5 weeks. The bounty spreadsheet will be finalized by the end of April, and at the point, you'll be able to see what you will be paid out. Payouts will begin after the launch of May 12th.
Due to the extended period of time it is taking for payouts to begin, we will be checking with everybody to verify their ETH address has not changed. That process will begin closer to launch.

As per bitmore website it is showing the bitmora exchange going to launch in 5 weeks but i have a questions that when the spreadsheet is going to finalizes already we are waiting from more than a month.

We will continue to wait. We have no other option. I very much hope that this will be final and the payments will be paid

It seems they promised to pay bounty participants in ETHER but they have postponed paying them out.

Yes, there are a lot of questions on this project, they have non-standard bounty passed their tokens, how will the payments be made not clearly, if we assume that the exchange plans to launch its stock in May, then payments will begin?

Hi, at the moment no. We don't have much use for such coin as our fee system has already been developed around our current model. A coin might be created after launch and be implemented with the voting system, however, nothing has been made official as of yet.

Hi Team, are you also planning of issuing your own coin/token? Just like Binance BNB...

Which coin are you reserving? There is no "coin" here but they are looking for investment via their website.

"Almody" is one of your participants and a few posts back he seems oblivious to what you wrote because he wanted his bounty so you saying participants are okay with it does not seem appropriate. By your own statement you prefer to have 100% bounty people hanging on waiting when you could have had 50% of them paid by selecting the most active and beneficial to Bitmora and kept a delay on the other 50% therefore only half of the people expecting bounties would have been waiting, but you prefer to keep all of them waiting because you do not want those that will wait a little longer to be upset that they were paid in the second batch. Serious? That is a huge flaw in your thinking.

You had a great chance to make to something of this project based on trust but for now it is lost to many participants. I hope you have a successful launch and get off to a good start and people start believing in your project again otherwise it will not last long.

I’m sorry you don’t accept our response. Bounties will be paid. I understand some people will be mad, and that’s both expected and acceptable. The money is not being “held”. It’s actively being spent to ensure we launch successfully and legally. Will it all be spent? Highly doubt it, but we can’t just pay out half and leave the other half dry until after launch, that would upset the half that didn’t get picked to be paid first.

I’d like to remind you, participants who have been told this already are okay with it. Our contributors and investors would rather us legally launch and delay the bounty a while longer.
We are sorry about this, and will follow up with an announcement when our bounty payout day is coming up.

I do encourage people with concerns or anything related to the bounty to PM us. That is where our support agents will be focused towards helping you.

Sorry but I do not agree with what you have put forward. Not impressed at all with the reasons given for delaying bounty payouts and to top it off certainly not impressed as to what will happen if those bounties will be used in future to pay for legal fees.

If bounties add up to be $50,000 and you want to hold that money just because legal issues might arise in the future in the run up to launch and you might have to spend that money on lawyer fees then it has to be said if all businesses did that then there would be no trust around. Your terms and conditions should have made all that clear with various scenarios and possibilities before people signed up.

This very sad and bad news has seriously dented the trust element of your brand name (Bitmora)

Hi everyone, I'm going to release a quick update regarding the bounty payout concerns. Bitmora has always advocated being as transparent as possible, so today I will give our reasoning for the delays.

Our launch is set for May 12th, which is about seven weeks out from today. The bounty will not be paid out until after our launch. We understand this is an extended period, however, we want our participants to know that we are not blowing them off. I respond to multiple participants a day regarding this problem. Both my team and I all are very grateful for the support from the bounty program because we firmly believe that we would not have gotten the amount contributed we did without all of you. Our bounty in total costs roughly $50,000, among thousands of participants. A few weeks ago we came to the dilemma of paying off the bounty now, vs. waiting until after launch and putting that money towards rising legal issues that could stop or delay us from launching. While yes, we could pay off the bounty, it would be taking a gamble of us getting more contributions/investments before launch. Gambling with our finances is not something our supporters want, nor us as a company.

I understand some might be upset with this. However, the participants I've already spoken with have all showed their support and want us to succeed. I hope you all can continue supporting us as we build and launch this exchange.

Lastly, I'd like to resolve one more issue regarding the bounty. Starting this Monday, I will be assigning a couple of our already trained support staff to handle bounty-related questions and concerns, which was previously managed by executives and team members. However, that has since turned inefficient and time costly. With this said, we encourage all participants with concerns and questions to come forward and message us through Bitcointalk. Whether it be an issue with your stakes or if you'd like to talk about the payout delay, starting Monday we'll be there for your questions.

I thank you all for your continued support,
Colton Brister

If you were promised bounty payments in ETH then surely that means a lot of investment from people buying shares in Bitmora.

How did the sharing of bounty work? How much were you promised? How was it calculated?

Seems a huge bold step Bitmora offering to pay ETH bounties without even having proper secure investment

So, on your official site it says the public lunch will be in 7 weeks, does it mean that we should wait another 2 month or even longer to get our payments ? And so the total time of waiting for the reward can be more then 4 month? Is it even legit???

Hello, thank you for participating in our bounty!

The bounty payout date has not yet been determined, it will not be until after our launch.

They told us that they gonna give us ETH us a reward and i'm perfectly fine with it but for now i have no idea will we receive anything at all!

Got to say that is a long time. I was part of the bounty so have no idea about what was on offer.

What are you expecting to receive? Since Bitmora has no token or coin of its own what did they offer you?

Hey guys, almost 2 month have been pasted since the bounty campaign is over and Bitmora team still finalizing the rewards results , is it normal? I asked them about it and got no answer at all! It was my first campaign that's why i'm asking!