I am highly interested. Do you have Skype or email? Also check pm I ve sent you
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you do realize that this post is from over 2 years ago, right? and OP who posted on behalf of UDAX and claimed to be the one building the units and even claimed to be one of the guys that started UDAX has the following to say about their ex-business partner - they have also listed another effort of doing an exchange (link is on OP's profile - that site is also non-functional.
This is a very GREAT question, I was hired (never paid) by the person in charge of the name and domain name to build a working exchange platform, this being a close business partner that ultimately decided once the website generated over $108,000 in successful revenue that he would just change the domain name away from my servers and discontinue me the ability to process orders and transactions on the site I BUILT because he was too much of a cry baby to pucker up and kiss the fed.
I even registered the exchange with FINCEN (circa 2016) the financial crimes enforcement network. I kept backup copies of the sites I built and made sure I collected all the financial data accordingly and put it in a place that was safe. At this time I ceased all business with this person and pursued working with other people who "actually had financial resources to accomplish this".
50 state bonds were needed and there was no way this person was going to provide the liquidity or the real estate to back up the bond so I bounced.
On top of this, the functionality of a self service exchange was needed so that after a client passed the KYC/AML process they could deal with their crypto currency of choice on their own report.
As of writing this and spending a ridiculous amount of time coding and testing, we are getting close to a beta that we can publicly test however it's currently a process that requires liquidity.
The capital I'm looking for helps us A. pay for the servers for a year and B. helps us pay our legal team to qualify and register the bitcoin exchange in the US for people to use.
Some of the staff associated with speeding this process along are members of existing massive financial systems which I can't name until after an investor signs an NDA.
So as you can imagine, it's a bit complicated, but not lawfully doable. I have invested most of my BTC proceeds into developing and launching this process.
More information is available by request, please by all means fire away your questions if you have any.
Our law team also takes Bitcoin, so the investors have no need to pay me anything directly. They will ultimately watch us go to work right away.
The target is zdax.io, it's on a block of 255 IPV4's, ready to expand into JBOD's etc.
Dubbed: Zeitgeist Digital Assets Exchange LLC
Investment Covers:
12 X Dual E5, 64GB RAM, IP Pooling Similar to the current machine Backups, Management, Hands and Eyes
(For novice techs: It's basically A MASSIVE SETUP OF ***KVM Virtualization*** )
Legal Fees For Launch
After everything is correctly registered, there is 15,400,867 USD to collect at fair percentage sitting on the system right now.
This helps me settle accounts receivables and repay some smaller existing investors. Legal Fees and Servers are expensive.
After consulting with the SEC's criminal investigation unit to understand the ramifications of employing independent brokers they broke down the requirements to employ staff around this exchange so the plan is to register with the SEC.
We have a tier 1 credit card processing system available to us underwritten for our bank with verified by VISA and MASTERCARD secure code fraud protection passing industry standards. (More specifically middle ware designed by some of the best programmers qualified for these installations of processing.)
Thank you for letting me know
Greetings