Topic: [ANN] xxxxx - page 65. (Read 175987 times)

Not sure it's so expensive to manage an exchange. I think you would have more employees cost than IT cost.

Are you confirming that the coin cap is 1 billion?    Sorry I'm asking for clarification, but there's a difference between confirming that the coin cap is 1 billion, and confirming that the calculator is based on a 1B token supply.

malwarebytes is blocking website connection
 got error on website: SSL_ERROR_RX_RECORD_TOO_LONG

We don't disclose this publicly to prevent spam bots from switching up tactics. PM welcome.


This is correct, the calculator on site is based on a 1B token supply. If less tokens are sold in total, the payments made to WCXT holders will be proportionately higher for the given volumes. A reminder of the formula you can use to calculate payments if you hold WCXT:

Monthly Payment = ( 20% x WCX Last Month Revenue x Tokens You Own ) / Total Tokens

If Total Tokens is lower, Monthly Payment is higher.

Pat Touma
Client Manager, WCX

tell me the calculator is base on 1 Billion tokns. From [email protected]. If they sell less that is great for us holding WCX, we will get paid more because supply is less. if 300 million coins are sold, rest is destroyed, WCXT will pay 3.3x more than what calc say because calc is set to 1B supply. you understand this

You're confirming what, exactly, based on what, exactly? You confirm with what, what the calculator says?   You think that's the cap when they say they're hiding the cap?   

Yes, but if they sell 300 million coins, or 600 million coins, it will be a lot less. 

I see. Sad to hear that. How do you distinguish between "real" and spam registrations btw? (interested for own projects, can discuss in PM)

.info domains were banned due to a disproportionate number of spam registrations received from them. Apologies for this - please try a gmail or protonmail address.

@WCXOfficial registering on the website gives "this email domain is not allowed", care to help?
* the domain is http://tvori.info, my personal website

The calculator is base on 1 billion tokens, so $100M, I confirm with it. So its the cap of ICO, mean if less is raise , the remaining supply is destroyed, which mean payout will be more than what caluclator says, not less.

Yes but, 'any unsold coins' will be destroyed after the ico, with more/new ones never to be sold in the future.

So that could cut the number of coins down to some number.  Unless they have a set number of coins and sell out.

Either they have a set number of coins and will 100% sure sell out, or they end up with less coins and the proposed monthly payouts are off, or they sell more than a billion coins, and again the math is off.

I'm no math whizz, but those proposed payouts pre volume level are just guesses unless they've planned a small number of coins that will for sure sell out.

What if there's 100 billion coins and they sell 2 billion?  What if there's 2 billion coins and they sell out?  What if there's 1 billion coins and they only sell 600  million, thus destroying the remaining 400 million (if they do, but they don't have to destroy anything since they never announced how many total coins there are).

What if you put in $25k and the actual payout is only 1/4 of what they stated on the calculator?

Addressing the Important Question of Coin Cap I did the math!  

From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.

• $1B/day in volume, with a fee of 0.1% yields fees of $1,000,000/day * 30 days/month = $30 million/month in profits
• 20% of $30m = $6 million/month to be shared with token holders
• $1,500/$6,000,000 = 0.00025. That proportion of money is based on my proportion of coins. Hence, 250,000 coins/.00025 = 1,000,000,000 coins total

So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).

Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.

You believe WCX, so sure, why not?

Please, stop trolling or troll with arguments, thank you.

U expect us to believe theat?

Btw my friend is the CEO of Poloniex, he's tremendous, very fine guy

Sure, my source is the CTO of a major exchange.

I've also seen financials of other exchanges that had approached me for funding as an investor.

Proof,source or just speculation? Until recent bitfinex wasn't even make $250K a month.

I'm also out, too many red flags.

Beta version being changed to an "Alpha" version to denote more stability... lol.

Hidden cap on the ICO - why hide the cap? The only reason to do this is because the cap is so high it would deter investors, or the cap doesn't actually exist at all.

Zero information about team members other than the "trusted escrow" - this leaves us with no information about their experience in running an exchange, what happens if this exchange gets hacked a month after going live because their tech team has minimal experience?

What about the business development side of their team? You need to have connections and be able to bring in large whales to provide liquidity for an exchange. Can this anonymous team do that? I understand they're going to pay the market maker a small fee, but as a whale, why would I trust the security of this particular exchange with millions of dollars?

How many people are on the team in total? What if these guys have 30 of their buddies on payroll, how are they going to make a profit?

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange. I doubt they're going to be able to run a profitable exchange when their fees are 4x lower than every other exchange. They're just going to end up eating into the money they raise in this ICO in order to stay alive.

I would think carefully before dumping too much money into this ICO.

Somewhere I saw, like in the translations of this topic, that IKO is planning to collect 50 million dollars. If we take into account that 1 dollar = 10 wcx, then there will be 500 million tokens.But I'm not sure that this information is reliable and is official.

The site specifies a beta version. I quote "Beta Launch. 9.1.17" - maybe the manager incorrectly put it here. Rather, it would be more appropriate to "release a candidate" or "gamma version."