Topic: [ANN] locked/moved - page 2. (Read 849 times)

What are your plans in store for the XT token? Will it be listed on other exchanges? 0.06% decay is quite high (and daily if I'm correct), is there anything to avoid this for longer-term positions trade may take or should WCX be used (mainly) for short-term trades? Thanks, nice looking site and the demo is performing very well so far.

EDIT: what are the advantages of holding the XT token? I read there's a share of commission (right?), how much has that being approximately in the past month?

1/ This is on our roadmap. Currently it tops up your demo balance to 10 BTC if it's below that amount.

2/ Please see here for what's required in KYC: https://docs.wcex.com/id-verification.

3/ We don't currently have plans for ETH funded derivatives - we don't think ETH is the right fit for that. Stablecoins are on our roadmap, perhaps not USDT, but something with more oversight like USDC.

I'm new to this but starting to get it. I've been trading on demo mode in the past week and I like it, really good job on the interface. My questions:

- can I reload the BTC balance to an amount of my choice. When I reload it refills it with 10 BTC, I would want to refill with less, kinda to simulate the real account.

- when switching to the real account, what the document/KYC requirement?

- Any plan for 1/ ETH funded derivatives, 2/ USDT funded.

Lol, I just like the site man. I think it's worth sharing with people because of its advantages and features of exchanges do not have. Using the term platform is just to refer to the leverage side of the website where you can long and short. When the word "exchange" is used that would be referencing the XT exchange (where you do not long or short). Simple miscommunication.

1. Why can you not withdraw?
2. That's good, just anyone reading that might have this problem, the possibility of you even... That is the simple fix to it, just trying to help.

I am planning to try to get some default trust people in here to investigate this, and hopefully tag you guys with negative trust, for scamming. You apparently have no interest in resolving this issue.


I never claimed I bought any! I referred people who did!


They BOUGHT your token.

I will not go offsite, because bitcointalk is neutral ground. Your support will give me the same one line BS that I, and many others got in the official ICO thread. Only there won't be witnesses, or repercussions. I stay here.

You have your support team contact me. The burden should be on the people who stole, not the people who got robbed.

Yeah, no - we have nothing to do with those accounts. We've responded to your issue several times already @shaw1.

IF YOU ARE A US RESIDENT, you cannot use XT or WCX due to regulations. Don't blame us. Call your congressman/woman.

IF YOU BOUGHT XT at the ICO, you can take it, wherever you are.

BUT... it does not seem you even BOUGHT XT at the ICO.

If you're telling us you referred spam and expect payment, we have bad news for you.

But if you referred legitimate folks who BOUGHT XT at the ICO, and this is the last time I can say this because I've said it so many times already... CONTACT OUR SUPPORT TEAM. [email protected]

Thanks.

This is your accounts first post in a over a year. You'll pardon me being skeptical.

Your points are all BS that my previous posts addressed.

Re 1: Haven't lost my XT balance. Just not allowed to withdraw it from their platform.
Re 2: Doesn't show 0.

I don't care what this BS platform can do. If they are untrustworthy, (and I am bringing a credible accusation against them that they have never denied),  then no one should trust them.

You are a shill. The previous poster (hosadrone) who chose to contest my posts was also one.
Both of you "recently woke up from long periods of inactivity".
Both of you are new users who are incredibly passionate about this one platform, and don't seem to have any interest in posting anywhere else in the forum.
Both of you use a lot of words to say very little, but blindly defend WCX.
Both of you apparently have some driving need to defend a random exchange. Platform.

I would like to suggest to you that you log out of these accounts, and back into your main wcxofficial account, and answer my accusation of theft.

People that complain and fabricate, stretch the truth on how WXC/WCEX (whatever you want to call it)

1. If you lost your XT balance, it is because you did something outside the T&C like having your referrals VERIFY themselves
2. If your XT and BTC balance show 0 when you login, delete all browser cookies, cache, data stored, from WCEX. Restart the browser, congrats, your balance is back. WCEX hasn't been live for even a year, it will have little bugs like this, remember Binance and the API hack? Gox? BTC-e? Cryptsy? Cryptopia? Give these guys a break, message support like I have had to do in the past and they WILL help you!
Anyone can make hundreds of new accounts and rake in free tokens, of course those tokens weren't (and shouldn't) be credited to you accounts!
With all the coins lost, scams, going on and that have gone on in crypto-world like 90% of the ICO's... We're still shaming this exchange that features options never seen before anywhere else?

If someone has a place you can trade leverage up to 300x on Forex?! Trade against silver, oil, crypto, and tons more please share where this is. The native XT token's price is absurd, in price. It's like when a high risk far-fetched idea comes around asking for your BTC everyone throws money they can't afford to lose into it. The writing is on the wall screen guys. Claim what you want, do what you want, all I can say is I am so thankful WCEX has come around and changed the game when it comes to trading . That's all just opinion though, and everyone else is entitled to their own.

If you invest say 10 BTC in a short position, and price goes down 10%, you make 10% * 10 BTC = 1 BTC. If price had gone up, you'd have lost that same amount.

If you expect prices to go up, you go long; if you expect prices to go down, you go short.

The liquidation is the price at which your position loses 80% - that's when it is auto closed to cover your margin.

So how does it work then for shorting? how do I calculate profits, liquidation, like deribit?

So you are saying you did not invest money in the WCX ICO?

Some people had legitimate referrls (not spam), and team made the credit right. It seems your referral were not spam because they made purchases.

The admins on the Telegram know about the ICO members. don't think they know here. You can post there or contact the support.

Based on your posts, you've been using Wcex for about 2 months, and I do not believe you have any basis for understanding what went on in the ICO.
I would suggest you read how their ICO was left: https://bitcointalk.org/index.php?topic=2026078.2640

There was never a KYC requirement at the start. They changed that. Could've lived with it, if I had to.
There was never a geographical restriction at the start. They changed that. My money is gone.
My users PURCHASED tokens. Not just claiming the free ones.

I have reached out to them on their official ICO thread multiple times. As you will see if you read through the above posted link, to the end of the thread.

Maybe they can review my account referrals? What are you even saying? My account got credited just fine. The referrals counted, and there isn't an issue with that. They won't let me withdraw those earnings, because I am from the States.

For referrals yes they could have done a better job for clarity. The explained is referrals need to go through KYC for you to get free tokens. Because many people were referring spam bots and getting free tokens, so it is taking advantage of the system. Have you reached out to them maybe? Maybe they can review your account referrals.

I mean I'm not saying you're right or wrong. Just here sharing what I know.

The brand new guy with 3 posts, 2 of them blindly defending Wcex, would like to accuse me of trolling. One post in 2017, and the two defending Wcex just recently. Very convenient.

Go back through my (well established) post history. I accused them on their ICO thread, after they changed the rules mid way. I, and MANY other content creators got scammed, and were not given our rewards that we earned from referring paying customers.

Why should I not bring this up? Why should Wcex be able to sweep this under the rug, and pretend they had nothing to do with it?
If you hire thieves, you shouldn't expect people to trust you, afterwards. And that is assuming their BS line that they had nothing at all to do with their own ICO.

The people I referred them purchased their stupid token. Wcex will not allow me to withdraw what I earned, because of a geographical restriction that was never mentioned until long after I had sent them the users.

You seem to be trolling. Everyone I know including myself received the coins we bought in the ICO - plenty of us hang out in the Telegram group. Find me under @cryptonuts.

Now there are people who come in from time to time in the group and say they referred a bunch of people or they want to claim airdrops from 2 years ago. Please tell me you're not one of those tools...

You ARE tied to the ICO.

That is how your platform raised money. If I hire thieves to rob you, would I not be responsible for the crime, as well as them?

Again... we're not tied to the ICO here. It was run by separate people. If you have an issue with your account please bring it up with them separately. You can also join the Telegram group where there are many token holders.

Is Wcex responsible for the ICO it ran? I don't care who your platform hired to do the ICO. The ICO for your company stole a lot of money from people.

If Wcex as a platform wants any credibility, THEY need to fix that. Don't pretend you aren't connected to your own ICO.

There are 0 fees to place trades, deposit, or withdraw. The way we make money is through the bid-ask spread, which in most cases is even lower than an exchange's spread (and considering the fact an exchange charges a fee in addition to the spread).

What's bid/ask? What's the spread?

In any market, on any platform, the bid price is the price at which you can currently sell, and the ask price is the price at which you can currently buy. The spread is the difference between the bid and the ask.

If you were to buy at the ask price and resell immediately, you would resell at the bid price and hence your trade would be down by the (ask-bid), which is the spread. That's why the spread is considered a natural "cost" in any trading activity.

Liquidity pool – why it's better than an orderbook

When you trade on WCX, the losses you make are added to a common liquidity pool, which in turn is used to pay out profits. Any time a transaction is made through the liquidity pool (adding loss or paying profit on a trade), the spread from that amount is retained.

As explained in our OP, in the large majority of cases, trading with a common liquidity pool is much more efficient and cheaper than trading an orderbook, because of the many costs you incur when placing a market order against an order book (in addition to the spread): slippage, getting filled at a worse price than you want, partial execution, and fees.

When trading "against" the liquidity pool, there are no fees, there is no slippage, and all orders are executed fully at the price that is quoted to you.

You can think of it as an always-accessible, automatic OTC desk with no minimum order size.

How does it mean with no fees? How you make money?