Topic: [ANN][ICO][MVP]⚠️ Bitmillex - The Next Generation Crypto Platform 🚀 - page 8. (Read 16196 times)

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No specific goal was set. However, the presale was a success in our opinion.

I just visited this project and pre sale has ended but has this project reached their pre sale?

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indeed we should see who the team behind this project because I really see the potential for the future is pretty good because the project content offer looks very good

Having looked at the team, I see that these are not newcomers and they are people of the age who are likely to have already dealt with large projects

The project is developing very well, which is exactly what we want to see. I'm very happy about it. Good luck to you all and those with strategic planning will engage in this particular project and with the current direction of the market it shall prosper.

🔶Bitmillex Peer to Peer Lending Explained🔶

One of the objectives of Bitmillex is the  creation of sustainable and workable passive income for investors. The P2P lending is an innovative scheme for achieving this objective.

🔺Parties to the P2P Lending🔺

✔️LENDER: A lender is a trader who has in his wallet,  funds he considers surplus to his immediate trading requirements and wants to earn on it rather than leave it idle.
✔️BORROWER: Borrowers are traders seeking to trade with equity greater than what they currently have in their wallets.
✔️POOL MANAGER : Algorithm developed to manage and coordinate the P2P lending process by managing the liquidity pool.

🔺The Process🔺
✔️ Willing lender transfers funds (BTC) to the liquidity pool and specifies how many days he wishes to lend for (7,14 or 30 days) with an option to rollover
✔️ Prospective borrower sends request to pool to request for funds and specifies number of days.
✔️Pool manager matches borrowers request with lenders offer on a first come, first served basis and executes transfer of funds between parties

🔺Interest rate🔺
Lending rates are varied on a daily basis, calculated by pool manager algorithm which uses market conditions to determine the rates. Contracts are activated based on prevailing rates at time of match.

✅Pool manager manages the lend contract by tracking all trades excuted with lent funds. If borrower’s trading losses erodes his own equity, pool manager closes all open trades to prevent loss of borrowed equity and gives borrower  time to re-fund his own equity contribution to resume trading. If borrower fails to fund, borrowed funds are returned to lender at the expiration of tenor.

✅Lender earns interest regardless of trading outcome.

This is good investors want to see more updates because projects that do that are more likely to succeed, much more on an exchange because they have a very huge market, of course, every holders and holder have their own list of exchange to trade their coin.

Only a little more hours and 2 weeks remain in this phase of the ICO!
There will be more news coming soon, so everyone stay tuned!

There will only be more from now on!

You allocated 1500K tokens for your bounty campaign. So what is the estimated value of your tokens?  Or are your bounty contributers are just working for a piece of bread and butter ?

popular doesn't mean legit or good project, I know all youtubers got paid to reviews ICOs in their channel, but it's like promoting, the team that have money to pay, they can make their ICO popular, but in order to make that they need to have serious project, otherwise no will waste his money to promote shitty project.

No project can make sure they will be safe or unsafe like, have a risk or no risk. It depends on a lot of factors, maybe because of investors, maybe the team. I only have belief when they really running exchange platform.

I've read the project's whitepaper, I think there is enough information given. I thought the project was safe for us. Anyone who reads the whitepaper properly understands its main point. sure Project will be success

Very true it is one step closer to popularity,  hope the team will keep on informing us the status of their project and keep on thinking for an idea that will make the project mre developed. When popularity blooms the next to come will be the high profit let us just wait for the right time.

Easier that only one post at twitter. Or you simply do some retweet from Bitmillex tweet. Review video make us more busy for really understand about Bitmillex, not encourage.

Once they have the hardware and servers i think you will be praising them for being like flash it just take investors and good devs to make that come to life

I agree, popularity of a project doesn't necessarily mean that it will succeed but I think it is an indicator that the project has potential to succeed as many of the followers can be Prentiss investors for the project

Yeah thats right, a project shouldnt be judged too quickly. Popularity of a project can be because of many reasons and doesnt necessarily means that they will achieve success. Although the project does have some promising features which could serve as good points for investment.

any project can reach significant heights in cryptography. The most important thing is the attitude of developers towards their work. And if everything goes according to plan, the project will definitely become popular and promising in its field.