Topic: [Pre-ANN][ERC-20] FyreDEX - Revenue Sharing Digital Asset Decentralized Exchange (Read 266 times)

Hi. Thank you very much for your interest in our project.
News & updates here in bitcointalk and on our social media channels.
The voting decisions it's about the new updates that we will discuss, we will take into consideration the opinion of our investors, more details about this idea coming soon.

I like the project description and the idea of a passive income, we all need a new money maker. I am interested in the voting decision of your investors, what it will be? Also where i can get news and updates on project? Waiting for the news and the exchange to be up 😁

Hi. Thanks for your reply! 
For sure I will answer all questions here or on the discord. Might also do a copy-paste of the questions from discord.
We are working about the "let's see the team" we will come back with some pictures from our office very soon.
The Dex is not running yet. We need to reinstall the script from 0 because we had some tests until now so yes, the website is down. We estimate about 2-5 days until we will start the tests and modifications for the DEX. All the updates will be published here and on social media.

Things get really buried on discord
i would suggest if you want to use this forum for a step-off for your DEX
that you answer all questions here
anyways, awaiting more info, people will need to see your team im sure and such
do you have the DEX running yet? couldnt find anything on the site (seems 404?)

https://a.imge.to/2019/06/26/gFlD6.jpg

WEBSITE | DISCORD | TWITTER | TELEGRAM | FACEBOOK | INSTAGRAM | REDDIT | LINKEDIN

FyreDEX - Revenue Sharing Digital Asset Decentralized Exchange - An innovative solution for proper investors and traders of the cryptocurrency world.
We are one startup that develops an innovative solution to improve the quality of decentralized exchanges providing better security and safe transaction behavior.
•    FDEX (FyreDEX) is the shareholders token providing passive income for cryptocurrency investors or traders where you earn a percentage of the FyreDEX exchange income from fees at low risk with decent rewards.
•    FyreDEX aims to create a trusted and reliable revenue sharing cryptocurrency exchange that draws users from a broad spectrum of the real world into crypto space.
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Trading Fees:
Taker: 0.1% | Maker: 0.1%
Deposit: 0 | Withdraw: Adjusted according to blockchain conditions

If you hold FDEX in your account, your trading fees will be automatically subtracted from your FDEX balance. We will implement a system of fees for the amount of FDEX you hold in your account.
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Token information:
Token Name: Fyredex
Token Type: ERC20 (Ethereum)
Token Ticker: FDEX
Total Supply: 100.000.000 (non-mintable)
Minim Shareholder collateral: 10.000 FDEX
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Token distribution ( standard ):
1st pack: 20.000.000 FDEX x 0.1 USD
2nd pack: 20.000.000 FDEX x 0.2 USD
3rd pack: 20.000.000 FDEX x 0.3 USD
4th pack: 20.000.000 FDEX x 0.4 USD
5th pack: 19.000.000 FDEX x 0.5 USD
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1.000.000 FDEX will be distributed for airdrops / marketing / dex developing / bounty / etc....
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Private sale on DISCORD:
1st Phase = First 7 Days.
1. 10.000 FDEX = 800$ No fees for 6 months on FyreDEX + voting decisions + premium investors channel on our discord + bonuses
2. 10.000 FDEX = 850$ No fees for 6 months on FyreDEX + voting decisions + premium investors channel on our discord + bonuses
3. 10.000 FDEX = 900$ No fees for 6 months on FyreDEX + voting decisions + premium investors channel on our discord + bonuses
2nd Phase = Next 10 Days.
1. 10.000 FDEX = 950$
2. 10.000 FDEX = 950$
3. 10.000 FDEX = 950$
4. Can buy FDEX at 0.095$ per token with ETH/BTC/LTC, minimum 100 FDEX
3rd Phase = Next 15 Days.
1. 3 x 10.000 FDEX = 1000$
2. Can buy FDEX at 0.1$ per token with ETH/BTC/LTC, minimum 100 FDEX

If we launch the DEX faster, we will sell the tokens at the prices above on the DEX directly
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Shareholders distribution:
70% Shareholders
30% Exchange Developers
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70% of our monthly profit will be shared with our FyreDEX investors who own at least
10000 FDEX tokens in their wallets. Payments will be sent every Sunday night (in Ethereum/bitcoin) on the 1st and snapshot for the next week will happen at the same time.
Weekly Payment: 70% x (Tokens you own/ FDEX approved tokens) * Last week revenue profit Sharing with Token Holders:
You must keep FDEX tokens in an ERC20 compatible wallet (like MyEtherWallet, Metamask) or any hardware wallet in order to participate in our revenue sharing program. Currently, we don't support exchange wallet addresses (including FyreDEX exchange).
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https://a.imge.to/2019/06/28/g8HL6.jpg
Why DEX?
Decentralization, advanced encryption, 2FA, cold storage, rigorous access management — we keep your account and assets protected at all times.
Decentralization means FyreDEX is better protected from failure than other platforms. When a centralized exchange (CEX) is compromised, millions of dollars and thousands of users are impacted all at once. In a decentralized system, any attack or failure impacts only a single user and their funds. As a user, you are in control of your own security, which can be safer than trusting a centralized entity.
Hacking an individual user or an exchange incurs a fixed cost. The difference is the size of the reward. In most cases, a multi-million dollar bounty exists for compromising a CEX, so there would be very little benefit in attacking an individual account. Which means it’s unlikely a lot of effort would be put into hacking a single user’s account. As a user on the BitShares DEX, you are the only one with access to your funds, as only you hold the passwords and keys. Safeguarding your keys makes it virtually impossible for any thief to steal your funds.
Within any given company, multiple people usually have access to customer funds. As the old expression goes: “Three can keep a secret if two are dead”. Currently, centralized exchanges depend on multiple people who share the responsibility of guarding the secret key that controls the funds. If anyone of them is compromised, everyone’s funds are put at risk. Which means, being individually responsible for maintaining your own secrets is the safest option.
The challenges of using existing exchanges have increased drastically over the years.
FyreDEX is poised at tackling these problems from the roots. With the inclusion of users at all skill levels, brilliant customer service, and user-friendly interface—FyreDEX is true, an innovative trading service providing cryptocurrency traders with everything necessary.
We outline our strategy for resolving problems with existing cryptocurrencies subsequently.
We provide the BitShares-based system that handles 100,000 transactions per second, with Bitcoin and Ethereum being not even close to that.
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Why Pre-ANN?
We are a team of 5 men that wants to change the systems of Exchanges in the crypto world by creating an outstanding DEX.
We are at the start, working for this plan from about 3 months so we will provide more information by the official Announcement thread ( Official Release of FDEX/FyreDEX )
When you will provide the Official ANN?
We are working day by day even in weekends for the DEX also for the plans, a roadmap for 2019 and also for the future of the FyreDEX project so we will have all the ideas together for the users, traders, investors, etc.
Why no ICO?
Because we do not need it, we will organize a private sale and pre-sale for the early investors after that, we will sell anytime is needed the FDEX tokens on our DEX.
Core team pre-mine?
No! We will invest money from our own pocket and buy FyreDEX from the exchange directly. We want to prove the transparency!
Where is the Whitepaper?
We don't have in mind to publish any Whitepaper, we know it's important, but in the crypto world, a whitepaper could be a good way to fake/scam a project so we will do something different about this on our discord channel also on bitcointalk thread.
When will be the DEX done?
We are in developing mode taking step by step from 10 June but we think in July-August we will have the platform all working, better late than soon and bad.
Detail about the team?
We will publish details about us on our website but in the official Announcement thread also, this thread will be edited and updated as soon as we have news, also on our social media pages.
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This post will be updated as soon as we have news about the project or new information.

You have a question for us? Perfect! Ask here anything you want to know about the FyreDEX project or join our discord on the #asktheteam channel!