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Topic: [ANN] xxxxx - page 86. (Read 175982 times)

coniferhead

newbie

Activity: 8

Merit: 0

Quote

t's unlikely that on exchanges prices will wcxt will go up much if at all (because the only reason to hold tokens is for the monthly income (somebody can show me why I'm wrong about that)........

Well you could say that about bonds too.. but their value clearly fluctuates with risk free interest rates.

Sentiment to crypto in general is probably a more significant driver of price though.

JoshuaT

member

Activity: 94

Merit: 10

"All unsold tokens will be burned. The remaining supply will become the total supply of WCXT, in aggregate paying out 20% of WCX's fee revenue."

On the main site there's the calculator (how many coins gets one how much of the 20% at which volume level).

If WCX doesn't know how many tokens will exist after the ICO, how can it at all calculate the income from holding tokens?

The only real reason to purchase tokens is for the monthly income (somebody can show me why I'm wrong about that) because it's unlikely that on exchanges prices will wcxt will go up much if at all (because the only reason to hold tokens is for the monthly income (somebody can show me why I'm wrong about that)........

.....and if the calculated incomes are a lot less than what's on the calculator...then there's even less reason to purchase tokens.

JoshuaT

member

Activity: 94

Merit: 10

Quote from: DejwidK on August 05, 2017, 04:44:27 AM

Also they saying that their product is quite ready so why do they need to do an ICO?

I'm guessing it's because A. it's a way to grow the userbase from the get-go. It's better to start an exchange with as much volume as possible, as many people participating and giving good feedback to their social groups (hopefully it's good).

And because $. They surely need to make bank, to buy coins, to have working coin capital for the buying/selling.

And because the more $ they raise, the more credible they look, the more new users will give it a try. The faster they get to $1B in volume, the better, etc. -IF- they can actually provide amazing and fast customer service, which from what they've said so far, they're not set up or ready for.

JoshuaT

member

Activity: 94

Merit: 10

"The WCX ICO will have a fixed hidden cap. 8% of tokens are reserved for the team and advisors; 5% are reserved for pre-ICO marketing and bounties; and 87% are reserved for sale during the ICO. Bonuses will be available for early buyers."

So....out of a mysterious X amount of total tokens, 8% are reserved for team and advisors, 5% are reserved for pre-ico marketing and bounties (that may or may not all get used up), and 87% are reserved for ICO sales.

1. Where does the 15% bonus tokens for $25k purchasers come from? The 87%?

2. If only 20% of the 87% are sold during pre-ico and ico, then the 67% will get destroyed?

3. They 'hidden cap' could be 15 billion coins, or 100 million coins. If it's in the billions, then that 8% could be billions while the 20% that gets sold as the remaining total after the 67% get destroyed could only be in the tens/hundreds of millions.

4. Is the token cap in the millions, or in the billions?

grex

full member

Activity: 179

Merit: 100

Password reset is broken Sad

Sad

When I click on 'Send Password Reset Email', it says 'Email is invalid.'.
When I try to register again with the same e-mail address, it says that the e-mail address already exists.
Please advise.

DejwidK

full member

Activity: 201

Merit: 100

Quote from: JoshuaT on August 05, 2017, 04:15:15 AM

Quote from: penoze on August 05, 2017, 03:12:02 AM

Nice whitepaper but who are the wallstreet guys and apple guys who are building these exchange.

Throwing around with company names is easy but i liked to see who are the apple and wallstreet guys so i can do some research about their reputation.

Though it shall be displayed in the whitepaper but saw nothing about the team behind this project.

They are saying that:

A. names are being withheld for 'security' reasons, which doesn't make any sense...every billion dollar company has it's investors and ceo's info etc public.

B. That names will be revealed eventually (which is also unsatisfactory, because the only real reason for mystery is 'scam', public perception-wise).

Yeah it sounds a bit strange and I wont participate in the ICO. Everyone can say that their team is very experienced and that they worked previously at Apple etc without going public lol
I read the whitepaper but there is not much stuff except promises imo
Also they saying that their product is quite ready so why do they need to do an ICO?

I dont want to spread FUD just curious about my questions and thought and would be cool if you can answer them

penoze

legendary

Legendary level

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Quote from: JoshuaT on August 05, 2017, 04:15:15 AM

Quote from: penoze on August 05, 2017, 03:12:02 AM

Nice whitepaper but who are the wallstreet guys and apple guys who are building these exchange.

Throwing around with company names is easy but i liked to see who are the apple and wallstreet guys so i can do some research about their reputation.

Though it shall be displayed in the whitepaper but saw nothing about the team behind this project.

They are saying that:

A. names are being withheld for 'security' reasons, which doesn't make any sense...every billion dollar company has it's investors and ceo's info etc public.

B. That names will be revealed eventually (which is also unsatisfactory, because the only real reason for mystery is 'scam', public perception-wise).

Exactly.
Before i invest a few $K in this project i want to know with who i am dealing with. Otherwise the risk is to great for me and i have to pass this project.

Those wallstreetguys are asking money to raise for a company. Investors have the right to know who are the people who setting up this company.

Also where will WCX be registered as a company.
Some things what i and i think more potential investors who wants to know.

JoshuaT

member

Activity: 94

Merit: 10

Quote from: penoze on August 05, 2017, 03:12:02 AM

Nice whitepaper but who are the wallstreet guys and apple guys who are building these exchange.

Throwing around with company names is easy but i liked to see who are the apple and wallstreet guys so i can do some research about their reputation.

Though it shall be displayed in the whitepaper but saw nothing about the team behind this project.

They are saying that:

A. names are being withheld for 'security' reasons, which doesn't make any sense...every billion dollar company has it's investors and ceo's info etc public.

B. That names will be revealed eventually (which is also unsatisfactory, because the only real reason for mystery is 'scam', public perception-wise).

Mvnzv

member

Activity: 147

Merit: 12

DM for Spanish Translations

Waiting spanish whitepaper and need to see the team

penoze

legendary

Legendary level

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Nice whitepaper but who are the wallstreet guys and apple guys who are building these exchange.

Throwing around with company names is easy but i liked to see who are the apple and wallstreet guys so i can do some research about their reputation.

Though it shall be displayed in the whitepaper but saw nothing about the team behind this project.

wcxofficial

full member

Activity: 207

Merit: 100

Quote from: ?? on ??

I did not find a link to white paper in Russian, where can I read it?

Russian whitepaper is coming in the next couple of days. At the moment, only the English whitepaper is up on the site.

Notin2

sr. member

Activity: 630

Merit: 253

Quote from: Yza_azY on August 04, 2017, 02:29:14 PM

many newbie and low user account here...

Donno what you are insinuating but i do believe your account was once newbie and lower user Undecided

Undecided

dipphong

member

Activity: 365

Merit: 10

Quote from: ?? on ??

Quote from: nghinv on August 04, 2017, 02:37:10 PM

Warning
Have you sold your registered email list to another company? My new email created and only registered your website. I have received some spam emails

No. We have not sent any emails yet to our participants.

Quote from: easyrimka on August 04, 2017, 04:29:12 PM

is there any advantages on the future exchange for ICO participants ? For example, reduced fees, additional options for free ? thanks .

If you own WCXT you share in the profit of the exchange. More info in the whitepaper.

----

New: Whitepaper Translation project is live!

Join the project here: https://poeditor.com/join/project/2v8VMUuNr4

Thanks to all our translators so far – WCX is now available in 31 languages!

For the whitepaper, quality translations from scratch are rewarded between 500 and 1,000 WCX, with additional rewards for improvements if you come in at a later stage. Above all we want to make sure translations are very high quality since that's super important to customers.

We're expecting translations for the whitepaper to be complete on or before Aug 7 (3 days from now).

I think if 50WCX is a real bonus - you should stop it early to get better quality . Go on like this - I think 50WCX is rubbish .

noypitrader

newbie

Activity: 7

Merit: 0

It would be nice to know who are the team members and their backgrounds behind this project.

Yza_azY

sr. member

Activity: 490

Merit: 250

★★★ http://www.btc4buy.com

Quote from: instacalm on August 04, 2017, 03:48:23 PM

Quote from: nghinv on August 04, 2017, 02:37:10 PM

new email created and only registered your website.

Me too

Quote from: nghinv on August 04, 2017, 02:37:10 PM

Warning
I have received some spam emails

I haven't

Where is not spam because i do too, and no 1 spam mail camming...

Then, another newbie want to distort the discussion here, heheeh.

easyrimka

sr. member

Activity: 518

Merit: 261

is there any advantages on the future exchange for ICO participants ? For example, reduced fees, additional options for free ? thanks .

instacalm

hero member

Activity: 798

Merit: 500

Quote from: nghinv on August 04, 2017, 02:37:10 PM

new email created and only registered your website.

Me too

Quote from: nghinv on August 04, 2017, 02:37:10 PM

Warning
I have received some spam emails

I haven't

nghinv

jr. member

Activity: 53

Merit: 3

Warning
Have you sold your registered email list to another company? My new email created and only registered your website. I have received some spam emails

Yza_azY

sr. member

Activity: 490

Merit: 250

★★★ http://www.btc4buy.com

many newbie and low user account here...

zoku

newbie

Activity: 9

Merit: 0

I've written a Medium article for WCX, submitted through the Google Form.

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Bitcoin Forum>Alternate cryptocurrencies>Marketplace (Altcoins)>Service Announcements (Altcoins)

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