🎁🚀[BOUNTY+REFERRAL] [10 MILLION IN 2 WEEKS] Share more to win more 🎁🚀 - page 5.

cdlbank

newbie

Activity: 13

Merit: 0

Quote from: aster123 on March 13, 2019, 09:34:47 PM

Quote from: chitamita on March 13, 2019, 09:26:11 PM

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

Lol, why do buyback?

aster123

copper member

Activity: 53

Merit: 0

Quote from: chitamita on March 13, 2019, 09:53:09 PM

So that means if i manage to win in this contest and get some ARCA, i will have to place the sell orders for ARCA in the spot exchange?

Yes, if you get your ARCA tokens from the contest, you can sell it on ArcaFX spot exchange. That said, the details on how to acquire ARCA tokens will be released in the coming weeks. So the contest is just the first way of getting ARCA tokens. More to come!

chitamita

newbie

Activity: 14

Merit: 0

Quote from: aster123 on March 13, 2019, 09:34:47 PM

Quote from: chitamita on March 13, 2019, 09:26:11 PM

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

So that means if i manage to win in this contest and get some ARCA, i will have to place the sell orders for ARCA in the spot exchange?

aster123

copper member

Activity: 53

Merit: 0

Quote from: chitamita on March 13, 2019, 09:26:11 PM

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

chitamita

newbie

Activity: 14

Merit: 0

Quote from: aster123 on March 13, 2019, 08:50:09 PM

Quote from: chitamita on March 13, 2019, 08:42:43 PM

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

Yup, it's a derivative exchange that offers perpetual contracts with up to 100x leverage. Binance and Coinbase are spot exchanges, while ArcaFX is a futures exchange that facilitate the trading of contracts. The exchange is scheduled to launch in late March, approximately 1 week away.

About the selling point, this exchange will issue its own native token called ARCA. With it, ArcaFX employs a unique economic model, in that it will use a sizable portion of the revenue from transaction fees to buy back tokens. In other words, this means that token holders are subject to exchange buybacks, and could potentially profit from the buyback by holding tokens.

You might want to check out the exchange's introductory post: https://medium.com/@arcafx/arcafx-introduction-9ffd8b647fea

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

aster123

copper member

Activity: 53

Merit: 0

Quote from: chitamita on March 13, 2019, 08:42:43 PM

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

Yup, it's a derivative exchange that offers perpetual contracts with up to 100x leverage. Binance and Coinbase are spot exchanges, while ArcaFX is a futures exchange that facilitate the trading of contracts. The exchange is scheduled to launch in late March, approximately 1 week away.

About the selling point, this exchange will issue its own native token called ARCA. With it, ArcaFX employs a unique economic model, in that it will use a sizable portion of the revenue from transaction fees to buy back tokens. In other words, this means that token holders are subject to exchange buybacks, and could potentially profit from the buyback by holding tokens.

You might want to check out the exchange's introductory post: https://medium.com/@arcafx/arcafx-introduction-9ffd8b647fea

chitamita

newbie

Activity: 14

Merit: 0

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

aster123

copper member

Activity: 53

Merit: 0

WEBSITE | TWITTER | TELEGRAM | BLOG | CAMPAIGN

ArcaFX is conducting a Referral Contest to celebrate the launch of the exchange.
Top referrers of the campaign will be handsomely rewarded. (Symbol: ARCA)

A total of 10,000,000 ARCA tokens (initial token price $25,000) will be staked for the prize pool of the Referral Contest

The program will run from 3/14 to 3/28 UTC 12AM. The reward will be paid 2 weeks after the end of the campaign.

Prize distribution

To participate or check your standings in the campaign, please input your email and Telegram ID in the required fields in the campaign dashboard

GENERAL RULE: All participants must join ArcaFX official Telegram group

To participate:

1. Join ArcaFX Telegram group: http://telegram.me/officialArcaFX

2. Visit ArcaFX referral contest site (https://campaign.arcafx.com) or through your referrer’s link.

3. Input the Telegram ID that you have used to join ArcaFX Telegram group. Following that, enter your email to join the whitelist.
*Note: One unique Telegram ID and email address for one sign up, repeated entries will be disqualified

4. A confirmation email will be sent to you. In case you don't see the email in the inbox, please check the spam folder.

5. Click the URL in the email and you will be directed to a campaign dashboard that displays your points and ranking against other participants of the campaign.

6. Follow our Twitter or Weibo accounts to gain more points and for new updates.

7. Copy and share your unique referral URL with your friends to earn more points.

Contest Rules:

1. Participants MUST join the ArcaFX official Telegram group to qualify

2. One unique Telegram ID and email address for one sign up, repeated entries will be disqualified

3. Duplicated IP addresses will automatically be disqualified from the contest

4. Only direct referrals count towards your point

5. The rewards will be distributed TWO weeks after the conclusion of the contest

6. ARCA rewards will be credited directly into participants' account on ArcaFX (registered with the same email address)

7. ArcaFX reserves the rights to disqualify any participant

About ArcaFX

Arca Futures Exchange (ArcaFX) is a derivatives cryptocurrency exchange that allows up to 100x leverage for its contracts.
In the heart of the ArcaFX digital asset ecosystem is the ARCA token, which subjects holders the privilege to participate in the token buyback scheme.

Highlights
1. Perpetual contracts and spot exchange for ARCA/BTC pair as the 2 products on ArcaFX

2. ARCA, the native token of ArcaFX, and buyback mechanism will be implemented to ensure consistent financial growth for the token

3. High speed exchange, designed to eliminate downtime

Topic: 🎁🚀[BOUNTY+REFERRAL] [10 MILLION IN 2 WEEKS] Share more to win more 🎁🚀 - page 5. (Read 1203 times)