Topic: [ANN] [EXCHANGE] VINDAX – THE CRYPTOCURRENCY EXCHANGE FOUNDATION - page 2. (Read 1636 times)

It is fine posting announcements on different local boards to get popularity but please use a human word to describe it.
look at the announcement you posted on the Indonesian language for example, it is completely 100% google translate.

Original post in English

Ann on Indonesian local board

Google translation

And you are not only posting it on the Indonesian board but on every board.

This is a classic strawman argument based on the false premise that "Everyone else is doing it" so VINDAX shouldn't be criticized for wash trading. It's one of many credibility problems that the shit token market has.
Another is this, releasing self written Press Releases and then implying that it is somehow "News Coverage"



It would be good if that were so. Unfortunately it isn't, mainly due to the naked hype and untruthful marketing that has destroyed the altcoin market's credibility to such an extent that it is now just a playground for pump and dump scammers.

MyFIE IEO on VinDAX - News Coverage:

http://finance.dailyherald.com/dailyherald/news/read/39076515

http://markets.ask.com/ask/news/read/39076515

https://www.starmediaplanet.com/myfie-best-startup-to-invest-in-november-2019-281649242278833520

This is the copy of the report submitted by Bitwise to the Securities Exchange Commission about the biggest suspect exchanges with falsified volumes, based on their research and in depth study with complete details of their methodology!

https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

I guess many coin owners are scared to talk about these big exchanges and their "Big Volumes" because they feel they themselves might be affected by it!

If a project is good and has a strong business model and a financially viable business idea, it will do well irrespective of the Crypto Exchange or Stock Exchange that it is listed on is the irrefutable truth!

Been watching here and waiting for their reply but it seems that VINDAX team wouldn't reply or give value to those "true" accusations.

Two things I hope to happen:

1. Vindax would clarify accusation and stop wash trading and fakes volumes. I think it will somehow generate real traders who will be willing to use their exchange's services

2. Awareness would be made concerning this supposedly scam exchange.

Press Release - Released to several press release sites in this list.  https://mashable.com/2007/10/19/press-releases/

MYFIE - Best Startup to Invest in November 2019


The MyFie Project is an ambitious initiative to create a Block Chain based Platform to Monetize the Creative Output of Every Individual - the Ubiquitous Selfie. One of the main aims of the project is to creatively engage Individuals to click unique selfies and to reward them for sharing it! This is what millions of people in the world are already doing now, but without getting rewarded for it. MYFIE will change this soon with a Block Chain Project based on a Proof of Created Content Consensus Algorithm.

Project highlights:

Quality Digital Content is difficult to create and more difficult to acquire. Hence original, user created content demands a premium digital content monetizing platforms! User created content’s phenomenal rise in popularity and exceptional financial feasibility is validated by the spectacular success of Google’s Youtube, Facebook and Instagram. Youtube, the biggest User Created Content giant, earned 12.4 billion USD in ad revenues in 2017 for Alphabet Inc (Google) and is estimated to touch 24.7 Billion USD in 2020, Instagram’s estimated revenue for 2019 is 14 Billion USD and Facebook’s 18 billion USD! None of this is shared with the users who created the content in the first place! We propose to change this and make an honest attempt to reward the content creator on a one to one basis.


In what way will the MYFIE project be different from Youtube, Facebook and Instagram?

The main difference is in the way in which the revenue is shared with the content creators and the way block chain technology will be used to share the earned revenue in a fair and transparent manner. Google has its favorites and is arbitrary in the way it shares the revenue with its publishers. When compared to the amount of money it makes, the money handed out to its publishers is pittance. There are several uploaders and Youtubers who never get paid a single cent and yet Google makes money out of the posts of all uploads. It is the same with Facebook. On Instagram the only way to make money is through Affiliate Marketing and Sponsored Content which is only for the experts and the experienced and not for the common man!
Unlike the aforementioned other projects, MYFIE will reward every single user who uploads his or her selfie using the MYFIE APP to the MYFIE Website by issuing MYFIE Tokens. The process of monetizing your selfie using the MYFIE project is this. Install the MYFIE APP on your phone. Register by logging in with IMEI Number and ETH Address. Edit selfie to standard MYFIE size with APP.. Upload selfie through the APP. Wait for content moderation and approval. Note the displayed amount of MYFIE mined on the APP after uploaded selfie is accepted. When critical minting level is reached after multiple selfies are uploaded, the mined amount of MYFIE by way of proof of created content, will be minted and remitted to the ETH Address used for logging in.

Public Sale Details:

Myfie Tokens are aggressively priced at just 0.0038 USD for Session One on 6 Nov 2019 on Vindax LaunchPad and a price of 0.0042 for the second session on 8 Nov 2019 with a target to raise 2.32 Million USD. Being a free APP that is already on Google Play, widespread acceptance by users across different geographical locations is imminent once the promotional activities are initiated.  Good ROI in the medium term is expected.

Website: http://www.myfie.io/
LaunchPad: https://vindax.com/launchpad.html
MYFIE/ETH: https://vindax.com/project/5dbbd192c618430ca233151d.html
MYFIE/USDT: https://vindax.com/project/5dbbd2ccc618430ca23364f0.html
MYFIE/BTC: https://vindax.com/project/5dbbd003c618430ca232b290.html
MYFIE/VD: https://vindax.com/project/5dbbd22ec618430ca2333c29.html

We appreciate the Good Work done by the Entire VinDAX Team.. Prompt response to our Queries and immediate action as and when required, both by the Listing and the Support teams of Vindax

Coingecko has their own criteria, thus we must respect that.

Actually, we are more than thankful to hear the ideas and feedbacks from all of you to better our platform.

We are working everyday to optimize operation fee, lower transaction fee as much as we can (although we has been applied the cheapest fee in the world, 0.05%).

We also carry out more research on building more policies and programs that can bring further benefit for the users, which can help to grow VinDAX as the global stage for the community.

Of course, only few people will agree with you because then why the volumes are showing falsely in Coingencko and it is completely different in CMC? Then what are the basic answers to all these questions raised by the community, without using the bots how can you generate such high volumes in the market?

I was looking for the response from the VinDAX representative here but to no avail. He has not addressed yet such wide discrepancy between CMC and CoinGecko. Why is the "normalized" volume so small when you compare it to CMC's reported volume? Which figure is near to its reality?


Another unfortunate feedback but the exchange needs to address this bug asap. If not, more and more people will complain such issue. Maybe I'll try this exchange once and for all and experience whatever they are claiming as problem. But of course, I'll try it with small amount of money. 

I just used your exchange few time and have problem when canceling an order. The order was canceled, but I still do not have the fund back again, so I can't continue to trade. But when I check the balance, everything is fine. But a day after when check again my account, that order was executed, so strangle. Hope you fix it soon.

To know the fact, you guys and other people that are concerning about us can take some time to register an account on VinDAX to get your real experience with our program and policy as “Crazy referral commission is 90%” and “Cheapest trading fee exchange in the world 0.05%”

Due to the reason of confidential and security issue, several parameters to show you more and to protect VinDAX can not be published here.

Please try to explore the truth by your own experience on VinDAX.com.
 
All projects  that get listed on our exchange did go through a careful assessment of the research team before we decided to work with them. We are welcome more and more potential projects to our exchange with only one target of enlarging the exchange community and bring more qualified experience for users world wide.

Once again, please help to learn more about us and time will give you the answer.

Thank you!

The information provided by you seems to be a fake exchange and I don't why these people are cheating like anything. If you don't have the capacity of generating volumes better don't cheat the market and people because of most of the people here for looking at another source income. Generating fake volume will not help you to become the number one exchange like penance.

from those 180 projects, what percentage of that are still active and growing? your guess is good as mine.
vindax -largest exchange in Asian region? needs statistics proof. otherwise, misleading claim.
and now this =


where is vindax team to clarify on this matter?

1) "1.5 million users" with 150,000 website visits a day?
    "180 projects", quantity, no quality.
2) "Vast community on... twitter" with 4 likes per tweet?
3)  Fake.

VinDAX SCAM: The Manipulation Of Trading Volumes Of The Exchange
src: https://www.criptomonedaseico.com/en/news-en/vindax-scam-the-manipulation-of-trading-volumes-of-the-exchange/

VinDAX Lists Secured Gold Coin (SGC) on 2019/10/24 08:00 UTC

VinDAX will open trading for SGC/BTC, SGC/ETH, SGC/USDT trading pairs on 2019/10/24 08:00 UTC. Users can now start depositing Secured Gold Coin (SGC) in preparation for trading.

Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. VinDAX will make best efforts to choose high quality coins, but will not be responsible for your investment losses.

Learn more about Secured Gold Coin (SGC)

Read full news at: https://vindax.com/faq/vindax-lists-secured-gold-coin-sgc-on-20191024-0800-utc.html

The following points make us different from other exchanges:


- Crazy referral commission is 90%.
- The cheapest trading fee exchange in the world 0.05%, this cost will be reduced to 0% if holding a small amount of VD (more detail https://vindax.com/trading-rule.html)
- Modern platform, unlimited scalability, User friendly interface, support for all device (IOS / Android / Mac / Window Apps)

Success after 5 months of operation:

- Currently we have nearly 1.5 million users and more than 180 projects listed within 5 months.
- More than 2000 videos on Youtube, 100,000 search results on Google. Vast community on facebook, twitter, reddit, telegram.
- Currently, VinDAX is the largest exchange in the Asian region where the largest volume of crypto transactions in the world.

Very interesting on how they will address this issue.

CMC  vs. coingecko



vs.



We all know which one is close to reality here. A very wide gap indeed!
I hope the exchange will fix this wide discrepancy, else, crypto users will always have doubt on their integrity.

I believe CoinGecko's information.
You reported volume on your exchange for the last 24 hours as $439,340,476.
You have about as much web traffic as my aunt's Facebook page.
CoinGecko "normalize" your volume down to $2,959,844.

That means that, for every $1000 you pretend to trade, you actually are faking about $993 by wash trading.
This makes you liars, and liars make scammers.

At least you must explain why CMC is having the different output in your total volume compared with coingecko there was a big gap in your daily trade volume.
I thought if that guy was true about that.

It clearly says your exchange site is only having 3 million dollars for your daily trade volume and compared with CMC it doesn't make sense to see that.
Can you clarify this?
This is an interesting thing to hear from you.