Topic: Scam ICO Binex.trade. BEX token (Read 277 times)

When I go to their website (https://earnbex.com/index.html) and click "Token Sale" I get an error.  I've emailed the company and person who recommended them to me and no one is responding.  I did invest a relatively small amount but I cannot even see the current status of my account there or the status of the token sale.  These are all big red flags.  Anyone have any information otherwise?

Binex.trade launched Beta version on 10th Sept after 10 days they started Deposits and withdrawals ..
Binex  Token price was 1 USD = 1 BEX but now its dropped to 0.02 USD = 1 BEX ... :-)

Still this token can be only trade in their own exchange only .... then also price dropped 80% .. in less then 1 month ..
now people can decide weather its still Good bet to buy this token ..?


thanks

We have a 100+ team, hence, it won’t be feasible for us to get each one of them to do a feature.
Besides, the people and our partner agency in India, have vouched to remain anonymous to work on the product only, and not the unnecessary complex situations, that may arise due to the regulatory bodies.
Further, you cannot cast ascertions because someone belongs to a certain country, look at person's body of work and profile rather then commenting irresponsibly.
Our endeavour is to create an exchange where trading can be hassle-free and user satisfaction can be paramount, and we are into the phase of giving it the final shape.
Yes, we have uploaded the vectors for now, and will take your feedback into consideration for the same.
We already have an introductory video about the exchange and will shortly upload a series full of them, discussing every major aspect of creating BINEX.TRADE.
If you have any queries, then do let us know, and yes, you said it right, our Telegram group is monitored on round the clock basis, as we tend to ensure that your query gets resolved within minutes.

Hello Dumiya,
We have a 100+ team, hence, it won’t be feasible for us to get each one of them to do a feature.
Besides, the people and our partner agency in India, have vouched to remain anonymous to work on the product only, and not the unnecessary complex situations, that may arise due to the regulatory bodies.
About the ICO delay, we would like to point out your gaze towards the recent developments and security issues faced by a major exchange, and how we want to be extremely sure that the product we’ve come up with, lives up to the hype and the trust we have garnered throughout the the crowdsale.
Our endeavour is to create an exchange where trading can be hassle-free and user satisfaction can be paramount, and we are into the phase of giving it the final shape.
Yes, we have uploaded the vectors for now, and will take your feedback into consideration for the same.
We already have an introductory video about the exchange and will shortly upload a series full of them, discussing every major aspect of creating BINEX.TRADE.
If you have any queries, then do let us know, and yes, you said it right, our Telegram group is monitored on round the clock basis, as we tend to ensure that your query gets resolved within minutes.

Hi Coolcryptovator,

It is our humble duty to inform you that any similarity which you may have found regarding your preconceived notion and familiarity with the said authority is a cupid lie, we intend to discourage such references which are purely fictitious and doesn’t hold any real ground.

You have been very kind with your words by mentioning your point saying that we buy rating from various ICOs, let us take this opportunity to answer such queries right away:

Here’s a much revered ICO reviews provider and the kind of rating we have, we don’t know yet if it fits in your definition of paid reviews.
If, as an exchange, would you pay to get that?



For an instance, you have been churning out a stagnant supply of malicious lies and contradicting them all by yourselves.
To quote some of that:

They have uploaded vectors of their founders on the website, who have a very real Linkedin profile.

They haven’t provided a contact address, then why have you embedded the exact hyperlink to our contact us page located at the behest of our crowdsale website?

Scam ICO BINEX.Trade and in the fifth line of your query, you have clearly mentioned “may be they can be legit”;
whether we are scam or not, that is another question, but please be sure with facts whenever you put out such allegations, otherwise, how will make yourself believe what you think that you want to believe?

To our users and followers, It’s our stringent request that, like Dumiya, please respond or flag these query requests labelling us scam, so that we can handle them, irrevocably and in the most adequate sense possible.

Trust is a factor which cannot be bought, hence, dear Coolcryptovator, we would like to announce that our crowdsale has already accomplished above 92% of the pre-conceived target and the exchange demo is already live for the people to test for themselves.

In the light of recent developments and security issues faced by a major exchange, we want to be extremely sure that the product we’ve come up with, lives up to the hype and the trust we have garnered throughout the four significantly long months of the crowdsale, and you have to pardon us because we have a very small team of a little over hundred people, who are working endlessly to create an exchange where trading will be conducted without any hassles, and support will always be at the helm, for you only.

Lastly, if any other grievances, please do let us know, we would be very happy to help.

Look like they have added more team members recently

It is. [Change my Mind] = Two Indians leading an ICO ? Do you think we are idiots around here ?
You might be landscaping bitcoins for India but with no history on your LinkedIn page about your successful ventures makes it shady especially when you both are the developers,managers,architects of your own projects.May work out that in India but no here.

Yes the project most likely is a scam.

It is not reasonable to accuse an ICO as a scam without doing a proper research.

"Also they use vector image for team. They don't use original image on their team."

Answer - You should have do at least a research. LinkedIn profile shows the real picture of Vishal Gupta. I know that it is really easy to create a fake account and appear as Vishal Gupta. So I searched further. There is a person called Vishal Gupta who is the CEO of searchtrade.com and featured in TV channels. eg: https://www.youtube.com/watch?v=JeeReXeEbLg

Then I checked the searchtrade website and its youtube links to Vishal Gupta's youtube channel. Then I was able to find out a Youtube channel he subscribed named as "Crypto convesrion". There are two videos which we can reach to a conclusion the team members are real.

1st video that Vishal appeared for an interview with channel owner: https://www.youtube.com/watch?v=NMnbfnMDqrY
2nd video that the channel owner reviews the Binex Trade ICO and talks about Vishal's previous appearance : https://www.youtube.com/watch?v=jpwc06t3E8U

Channel owner should have known if there is a fake team behind Binex Trade as he personally knows Vishal Gupta.


However, I agree that ICO is dragging. I think it's better to reach their telegram group and ask about it.

Personally I don't like teams who don't appear with real faces and at least do an intro video about the project and the ICO.

Website: https://binex.trade
Archive : http://archive.is/YqS22

Look like they stolen name from Binance. As well as they has buy good rating form various ICO rating/listing site. I have read their whitepaper. Their concept is exchange and they will share revenue from exchange profit. I think it's look like lending platform. Those is already vanish. White paper quality is not much fun and many red flag there.

Anyway that is not my main point, may be they are legit. We can't say before complete their ICO.

My main point to describe about their team. Is it possible to handle an ICO only 2 person? If they have more person on tram why not mention on website ? Also they use vector image for team. They don't use original image on their team. Even they use original picture for LinkedIn, why not use on website ?


Their ANN thread also not much professional.

https://bitcointalksearch.org/topic/annico-binex-trade-tokenized-exchange-platform-pre-register-earn-5-bex-3097738
Archive : http://archive.is/8jepB

Total token supply: 21 Million BEX . They didn't mention their contract address on website. I search link on etherscan.

https://etherscan.io/token/0xedbbb686a3b2ee4134b88ebbd788ca16e1f733ab

Their crowdsale duration also too long.
They use Singapore country on contact but they are not mention any team members from Singapore.
Need be careful before buy their token.