[ANN][STEX.Exchange]1-st Exchange Aggregator to trade all coins in one place - page 18.

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

Quote from: guillzini on September 22, 2017, 04:16:37 AM

Man, I keep coming back to this project, because I really like it!

The only thing that's bothering me is the .5 ETH minimum. I look at a lot of ICOs and generally don't like to invest over .25 ETH, because I like to diversify a lot. So this would be double the amount I prefer to drop on these ICOs.

Is there a reason why this minimum is so much higher than most ICOs?

Actually, this in not an ICO but a limited preSale. It is quite common for a presale to limit the contribution to $2000-3000 minimum. STeX made it just 0.5 ETH

elizangelacarvalho

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Activity: 2

Merit: 0

Quote from: rojackcity on September 22, 2017, 05:45:50 AM

STEX team

Trying to understand the logic behind this provision in the white paper:

6. During the ICO the STE coin price will automatically double after every 10% portion of
coins is sold. For example, if the start price of STE is 0.001 ETH, after 10% of all tokens is
sold, the price will become 0.002 ETH, after another 10% (that is 20%) it will be 0.004 and so
on. You will be able to sell your tokens after the ICO ends.

Basically this will have a compounding affect on the token price. At the point that 50% of tokens are sold...the price will have increased 32x from the original price. In order to sell all tokens during the ICO, the final investors will be paying over 1,000x the original price. Based on the example you give in the clause above, the price of one STE will increase from 0.001 ETH at the start of the ICO, to 1.024 ETH for the final 10%.

If nothing else (assuming my maths isnt flawed, or i've not misunderstood this provision), this will surely act as a major disincentive for ICO investors after, say, 20-30% have been sold and will price STE very high relative to the market and total number of coins out (i.e. 100,000,000 cap).

Look forward to your thoughts on this or correcting my assumptions.

Thanks
RJC

I agree. It's the same case of this problem: https://en.m.wikipedia.org/wiki/Wheat_and_chessboard_problem

In the current model, the volume of pre-sale can be big than the ICO, because, the terms to the ICO are terrible.

elizangelacarvalho

newbie

Activity: 2

Merit: 0

Quote from: bitnautis on September 22, 2017, 05:38:35 AM

Hi there!
So I noticed your commission calc https://stex.exchange/media/STEcalculator.htm
Now current total 24h volume is around 14000000 eth
Poloniex is making around 4.3% of total daily volume , do you really think you ll beat polo in your very first year of operation?
But forget polo , let’s take a smaller but very wellknown exchange
Liqui is making around 0.3% (32 out of 178 exchanges listed in cmc) and imho it will be great success for you to beat liqui in 2018
If we input 0.3% to your calc here is what we get

https://gyazo.com/4b9319e0a18cabcf2db7a82ea993eaac

So what? We ll have negative commissions ?
We ll have -174% Cash-out net profit if you can’t beat a well established exchange ?!
Is there something wrong with my calculations*?

*All the numbers i used is derived from coinmarketcap

It's a red alert. An optimist scenario we can consider 50% of volume of liqui. The math of Stex needs better explain.
Some suggestions:
-reduce the minimum amount to enter in ICO
-contract a good guy to audit the smart contract
-change the website, the informations of the type: "You can gain 5 times that you put in pre sale". Informations of this type looks like MMM ponzi scheme and it's terrible to the ICO participants.
- focus in tools like deep and taint analysis to come real value.
- explain the math, what the breakeven point (volume/cashback)? What's the worst scenario?
- show your GitHub link and code.
- yesterday I saw a message of Stex on Facebook of fake Vitalik in Stex telegram. Guys please, when I saw this information I want to withdraw my money out of the Stex.

rojackcity

newbie

Activity: 1

Merit: 0

STEX team

Trying to understand the logic behind this provision in the white paper:

6. During the ICO the STE coin price will automatically double after every 10% portion of
coins is sold. For example, if the start price of STE is 0.001 ETH, after 10% of all tokens is
sold, the price will become 0.002 ETH, after another 10% (that is 20%) it will be 0.004 and so
on. You will be able to sell your tokens after the ICO ends.

Basically this will have a compounding affect on the token price. At the point that 50% of tokens are sold...the price will have increased 32x from the original price. In order to sell all tokens during the ICO, the final investors will be paying over 1,000x the original price. Based on the example you give in the clause above, the price of one STE will increase from 0.001 ETH at the start of the ICO, to 1.024 ETH for the final 10%.

If nothing else (assuming my maths isnt flawed, or i've not misunderstood this provision), this will surely act as a major disincentive for ICO investors after, say, 20-30% have been sold and will price STE very high relative to the market and total number of coins out (i.e. 100,000,000 cap).

Look forward to your thoughts on this or correcting my assumptions.

Thanks
RJC

bitnautis

newbie

Activity: 31

Merit: 0

Hi there!
So I noticed your commission calc https://stex.exchange/media/STEcalculator.htm
Now current total 24h volume is around 14000000 eth
Poloniex is making around 4.3% of total daily volume , do you really think you ll beat polo in your very first year of operation?
But forget polo , let’s take a smaller but very wellknown exchange
Liqui is making around 0.3% (32 out of 178 exchanges listed in cmc) and imho it will be great success for you to beat liqui in 2018
If we input 0.3% to your calc here is what we get

https://gyazo.com/4b9319e0a18cabcf2db7a82ea993eaac

So what? We ll have negative commissions ?
We ll have -174% Cash-out net profit if you can’t beat a well established exchange ?!
Is there something wrong with my calculations*?

*All the numbers i used is derived from coinmarketcap

guillzini

full member

Activity: 476

Merit: 100

Man, I keep coming back to this project, because I really like it!

The only thing that's bothering me is the .5 ETH minimum. I look at a lot of ICOs and generally don't like to invest over .25 ETH, because I like to diversify a lot. So this would be double the amount I prefer to drop on these ICOs.

Is there a reason why this minimum is so much higher than most ICOs?

coinchon112

newbie

Activity: 10

Merit: 0

Quote from: STeX.exchange on September 21, 2017, 06:03:41 AM

Quote from: finamathmatics on September 20, 2017, 09:57:59 PM

How works the partner with Wings?
I knew Stex by Wings community.
I bought some Stex in pre-sale now Cool

.

Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better.

I agree, wait for the Wings Beta release. You will draw much more attention

finamathmatics

newbie

Activity: 44

Merit: 0

Quote from: codemanX on September 21, 2017, 08:48:58 AM

Quote from: STeX.exchange on September 21, 2017, 06:03:41 AM

Quote from: finamathmatics on September 20, 2017, 09:57:59 PM

How works the partner with Wings?
I knew Stex by Wings community.
I bought some Stex in pre-sale now Cool

.

Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better.

Beta release from the Wings team? Can you explain a little bit please?

They are different betas.
(Wings beta, for forecasters):= This beta will be released in October/November.
(Stex beta):= This beta according road map will be released in December.

codemanX

full member

Activity: 658

Merit: 129

Quote from: STeX.exchange on September 21, 2017, 06:03:41 AM

Quote from: finamathmatics on September 20, 2017, 09:57:59 PM

How works the partner with Wings?
I knew Stex by Wings community.
I bought some Stex in pre-sale now Cool

.

Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better.

Beta release from the Wings team? Can you explain a little bit please?

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

Quote from: finamathmatics on September 20, 2017, 09:57:59 PM

How works the partner with Wings?
I knew Stex by Wings community.
I bought some Stex in pre-sale now Cool

.

Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better.

finamathmatics

newbie

Activity: 44

Merit: 0

How works the partner with Wings?
I knew Stex by Wings community.
I bought some Stex in pre-sale now Cool

.

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

Quote from: YGung on September 16, 2017, 06:22:54 AM

Quote from: STeX.exchange on September 13, 2017, 03:51:08 AM

Quote from: YGung on September 12, 2017, 11:04:18 AM

Quote from: STeX.exchange on September 08, 2017, 05:16:03 PM

We have an important news for both our investors and partners! Since we hit our minimum cap for the preSale we are now starting to withdraw part of the raised ETH to start financing the STeX infrastructure and the development process. We also start paying our partners from our STeX UP! partner program in real time. You can choose the withdrawal amount in ETH on this page https://stex.exchange/stexup

We know most of you want to participate in STeX presale and get our STE tokens. We cannot pay our affiliates in STE at the moment, therefore you can withdraw your partner balance in ETH and buy STE on the preSale page directly paying to our smart contract address. This way you can become both our partners and STE token holders and participate in the 100% distribution of STeX dividends from commissions.

We hope this move will attract even more attention to the Exchange 3.0 Aggregator project which aims at creating the liquidity in the crypto market and making possible to trade the 10 000 cross-rates of major top 100 coins after the launch of STeX.exchange in the 1-st quarter of 2018.
Hurry up to invite even more investors into STeX Exchange before the preSale close on September 30 or reaching the hard cap.

So I take it for the people that don't make it over the .6 eth withdrawal limit, their eth commission rewards will automatically get paid out at the end of the Pre-sale?

Referral program will continue into the coming ICO and after that into STeX trading operations

my fault, I probably phrased my question wrong. The real question = at what point in the future do you plan to remove the eth withdrawal limit?

For presale and ICO there is going to be a 0.6 ETH limit. After that we may review the limits for referring traders to make the program appealing to partners.

maot4

full member

Activity: 392

Merit: 102

great milestone, welldone SteX team #quietly developing and delivering ahead of main ICO. Can't wait

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

We have a magic number of transactions on etherscan now
No Of Transactions: 1444 txns. And we hit 10K followers on twitter! https://twitter.com/STeX_Exchange 😀

amintek15

sr. member

Activity: 770

Merit: 251

Just learned about this project and joined the presale immediately Cheesy

That should be huge ! if this works ppl who want fast profit or those who stay long term should get something

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

STeX hit 7000 ETH raised today! Wink

stasyk411

sr. member

Activity: 602

Merit: 250

I like what you do and I see that investors have also appreciated your project! I hope that the project and your efforts will be in demand in the crypto world !!!

STeX.exchange

full member

Activity: 140

Merit: 100

former Stex member

You are right, the idea was in the air and the crypto world is waiting for STeX Cool

guillzini

full member

Activity: 476

Merit: 100

I was talking about an exchange like this not too long ago with a friend and I just know read this ann. I'm stunned I haven't heard about this earlier. The incentives are very interesting! I think I might contribute some after having a quick read through the white paper

But even without that, I gotta say, the concept is very strong!

STeX.exchange

full member

Activity: 140

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former Stex member

Korean ANN Thread link
https://bitcointalksearch.org/topic/annstex-30-2155970

Topic: [ANN][STEX.Exchange]1-st Exchange Aggregator to trade all coins in one place - page 18. (Read 27818 times)