Please refer to the following thread which is in the correct location, where we can continue discussion:
https://bitcointalksearch.org/topic/annexchange-bitsmo-the-next-crypto-exchange-solution-4866136
Sorry for the confusion! Locking current thread.
Topic: Bitsmo - The Next Crypto Exchange Solution (Read 189 times)
I think you have to move it further to Service Announcements (Altcoins).
The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
That's still high and what's that charity that you are supporting?Thank you. Working on relocating thread properly.
We are still in the process of setting the exact rate for transaction fees. We have to see how much the liquidity providers will charge before we can set our fee rate. But, the trading fee will be competitive with other leading exchanges.
There isn't currently a set charity. We are working out whether the charities will be pre-selected by Bitsmo, whether the users will get to select their own charity to donate to, or whether it will be a community vote.
Just to be clear, the transaction fee rate will not be 3%. Although the exact transaction fee rate has yet to be determined, it will be more on par with leading exchanges like Binance and KuCoin.
A 3% portion of this small transaction fee will be allocated to charity.
I hope this clarifies!
Thank you for your questions
I think you have to move it further to Service Announcements (Altcoins).
Its much better to put up on announcement board https://bitcointalk.org/index.php?board=159.0 rather than on marketplace since it is still on sale.The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
That's still high and what's that charity that you are supporting?Im having the same question on what charity they are supporting so that we can able to check it out.
But I agree with you that this shouldn't be here on Marketplace(Altcoins).
This 3 % is fee trading?
Yes, 3% of the transaction fee taken from every trade will be distributed to charity in a transparent process. However, this feature will not increase the transaction fee. Our txn fees will be competitive with the fees from other leading exchanges.
See these things:
https://news.kucoin.com/en/fee/
https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance
If you do insert out about that charity thing then it wont really be a convincing thing for us to use your exchange.Ill pass
The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
For example, KuCoin has a 0.1% trading fee. So, 0.1% of the total transaction amount is taken as a fee, and 3% of that 0.1% fee goes to charity.
I think you have to move it further to Service Announcements (Altcoins).
Its much better to put up on announcement board https://bitcointalk.org/index.php?board=159.0 rather than on marketplace since it is still on sale.The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
That's still high and what's that charity that you are supporting?Im having the same question on what charity they are supporting so that we can able to check it out.
I think you have to move it further to Service Announcements (Altcoins).
The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
That's still high and what's that charity that you are supporting? Instead of this thread you create or move this topic to alternate cryptocurrencies announcement section. We really need to know where the places will work towards correct.
Hopefully, we will find the exchange will grow more since your idea seems good and positive for the investors point of view.
Hopefully, we will find the exchange will grow more since your idea seems good and positive for the investors point of view.
Thank you! We hope to see more organic growth as well, and would simply like to increase exposure.
We have posted a thread in the altcoins announcement section, however according to a sticky in that forum, "Exchanges, shops, gambling sites, etc, should make a thread in the Marketplace section of Alt Currencies."
I will happily remove this thread if it is in violation of any rules.
Instead of this thread you create or move this topic to alternate cryptocurrencies announcement section. We really need to know where the places will work towards correct.
Hopefully, we will find the exchange will grow more since your idea seems good and positive for the investors point of view.
Hopefully, we will find the exchange will grow more since your idea seems good and positive for the investors point of view.
This 3 % is fee trading?
Yes, 3% of the transaction fee taken from every trade will be distributed to charity in a transparent process. However, this feature will not increase the transaction fee. Our txn fees will be competitive with the fees from other leading exchanges.
See these things:
https://news.kucoin.com/en/fee/
https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance
If you do insert out about that charity thing then it wont really be a convincing thing for us to use your exchange.Ill pass
The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
For example, KuCoin has a 0.1% trading fee. So, 0.1% of the total transaction amount is taken as a fee, and 3% of that 0.1% fee goes to charity.
This 3 % is fee trading?
Yes, 3% of the transaction fee taken from every trade will be distributed to charity in a transparent process. However, this feature will not increase the transaction fee. Our txn fees will be competitive with the fees from other leading exchanges.
See these things:
https://news.kucoin.com/en/fee/
https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance
If you do insert out about that charity thing then it wont really be a convincing thing for us to use your exchange.Ill pass
This 3 % is fee trading?
*edit for clarity*
The 3% that goes to charity comes from the transaction fee, which will be competitive with other leading exchanges. The transaction fee itself will not be 3% -- but 3% of the transaction fee will be donated to charity in a transparent process.
This feature will not increase the total transaction fee.
This 3 % is fee trading?
We are proud to announce our forthcoming revolutionary cryptocurrency exchange, BITSMO!
Bitsmo is a carefully structured project aimed to correct the shortcomings that other exchanges have left unresolved.
Bitsmo brings confidence, speed, and connectivity unmatched in the cryptocurrency exchange ecosystem. Our all-in-one platform encompasses the essential elements of an exchange and more, to bring you an exchange that is 10x faster and more secure than Binance.
Bitsmo brings confidence, speed, and connectivity unmatched in the cryptocurrency exchange ecosystem. Our all-in-one platform encompasses the essential elements of an exchange and more, to bring you an exchange that is 10x faster and more secure than Binance.
FEATURES
- Through our Bitsmo Community Network (BCN), we are connected with over 30 of the most popular exchanges to bring you the highest sell prices and lowest buy prices in the market.
- Our exchange is fully regulated, with forthcoming Estonia Regulated Exchange licenses and KYC compliance, enabling users to trade with the utmost confidence.
- Our matching engine enables nearly 10 million transactions per second, compared to Binance's 1.4 million transactions per second.
- With our connectivity to crypto-friendly banking institutions, Bitsmo will allow all users to easily cashout from crypto or add fiat directly to their account.
- Our platform utilizes the most advanced security protection system available, which is also used by the NSA, the CIA, and NASA.
- Bitsmo also offers 24/7, multilingual support including live chat.
ROAD MAP
- 2018 Q1: Bitsmo project starts
- 2018 Q2: Initial draft of white-paper completed & private sale begins
- 2018 Q3: Pre-sale ICO starts
- 2018 Q3: Start of platform development
- 2018 Q3: Acquire Estonia Regulated Exchange licenses
- 2018 Q4: Launch Bitsmo Exchange
- 2019 Q1: Starts fiat deposits & withdrawals
- 2019 Q3: Bitsmo pre-paid card available to customers
TOKEN
To achieve our set goals, we have set up an ICO crowdsale in order to acquire all the necessary funds to make this platform successful.
- Bitsmo is offering the sale of 100 Million Bitsmo Coin (BTSM) in four rounds of ICO-Presale before the exchange goes live.
- The first presale has closed in advance due to high demand. The second round of ICO-Presale started on August 15th at a cost of $0.18 per BTSM, with a 12% bonus, and ended on September 5th.
- The third round is currently underway. It started on September 5th at a cost of $0.20 per BTSM, with a 10% bonus, and will continue until roughly September 24th.
- The fourth and final round of Presale will cost $0.21 per BTSM, and carry an 8% bonus.
- Presale will end on October 14th, when the exchange is set to officially open.
TOKEN SALE PROCEEDS
- 34.2% - Bitsmo Platform
- 25.9% - Marketing & General
- 15.6% - Research & Future Development
- 12.5% - Legal & Licensing
- 11.8% - Operation
TOKEN DISTRIBUTION
- 50% - Pre-ICO
- 15% - Management Team
- 12.5% - Liquidity
- 12.5% - Reserved
- 10% - Advisors & Partners
BITSMO COIN BENEFITS
- Coin holders will receive 25% of platform's transaction fees every week.
- There will be up to a 40% discount on all trading fees by using BTSM coin in the user's first year.
- Bitsmo will buy back BTSM coins monthly using 10% of transaction fees.
- 3% of every transaction fee will go to charity.
- Management & listing fees charged in BTSM.
- Use BTSM coin to enable unique features such as algorithmic trading and arbitrage bots.
MORE INFO
- Algorithm: ERC-20
- Total coin supply: 200 million BTSM
- Bitsmo Home Page
- White Paper
- One-Pager
- Privacy Policy
- YouTube
- Telegram
- Contact: [email protected]
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