Topic: -snipped- (Read 4022 times)

that's relay amizing news for us
I think you will add implement for exchange as son as possibly we are waiting for that

i look sample interface for mobile app, it's cool

What do you mean by "decentralised exchange"? Please explain.

More information regarding investors will be provided soon.

Thanks all.

Hello, my name is Elias & I am the co-founder and COO of Bitmora Inc.

Things are coming along nicely here!

We are not decentralized, we are based in the United States and money is distributed globally. Read about the security response I just posted above.

Hello, thanks for your concerns. While our app, fee systems, and customer support is all new to the crypto sector, I will move onto the security concerns.
Security, the security is mostly handled by a third party partner who has been around since 2013, and never had a breach of security. We handle cold wallet locations, but to prevent hacking into the hot wallet, that's mostly handled by them. Routine 3rd party security audits are conducted to ensure the integrity of our systems as well. We are working towards being FDIC insured by beta as well. Going along with this, regular support members will not simply be allowed to touch your funds or move it, it goes through multiple levels before account funds can be moved by someone besides the owner of the account.

As far as cold wallet security, unlike other exchange where a lot of times they only have one cold wallet location, we have many. We have locations in both the US, among another country, and each wallet is different. These wallets can not be simply accessed by one person, and it takes multiple people to confirm it before it's accessible. The benefit of distributing the wallet locations is in the very rare off chance that the wallet location is disclosed and breached, then they've only taken a small percentage from us, and it won't affect daily operations.

Is it an decentralized exchange? We need more blockchain based exchanges. Hacking is a big issue!

I read the white paper and it fails to describe anything that resembles "something that no one else has done before."

To give credit where credit is due, it sounds like your proposed architecture is well engineered for scalability, though you've described no new innovations. The white paper fails to address how you've made any improvements to security which is arguably one of the most important areas.

N factor auth helps to protect the customer but what techniques are you using to protect yourself?

Thread has been updated along with the new website!

So sorry to hear about your woes. I hope your ex-business partner and ex-COO is doing well considering his family issues. Best wishes to him.

Also my best to you too. It means you will now have to take on the extra work but you seem very focused so I am sure you will do well. It cannot be easy for you and your team to have a major setback so wishing you the best.

Looking forward to reading what is available to the public on 5th July.

Yeah, everything was set for the 28th. However, last weekend my business partner had a family emergency and is no longer able to move forward with us, and was kind of a huge blow to the entire team. With that it also means his money is no longer with us either. We're still going to continue on, however document and site release is delayed until July 5th. With that said, he was also my COO, so now I'm also in a position where I need to fill that position as well getting his name off of all legal paperwork and getting FinCEN-SU transfer complete.

Thanks for your concerns,
Colton

I visited your website today but saw no whitepaper and no documents were released.

Is everything running on time? The whitepaper should have been released a couple of days a go but there has been no update here.

Thanks, we do already have a marketing plan setup which starts in the beginning of July. This is only a very early announcement for what's to come in the coming months.

Thanks for your suggestion!

I've got some suggestions for you, do a serious promotion to attract traders, launch a heavy signature campaign with at least 100 participants.
Advertise on different forums and web wallets, on crypto related sites. spend $10 grands to make people addicted to your service, maybe giving 0.2% bonus on every trade for the first month or for the first month of using your service, people need to open your app/site every day for more than 3 weeks to become a habit for them and to get used to the design and interface. otherwise face the same fate like all other dozens of exchanges out there, good luck.

28th is when all documents get released, so 3 more days.

Any update with this project? Any news?

Best luck!!

Having an app is must these days, so that's great. What features will you offer to stand out from other competitors?

Always a good thing to have competitors, just to keep the major ones in check. I, for one, feel that exchanges need to focus on exchanging and trading platforms need to focus on trading. The best exchangers I use have the highest rates and quickest exchanges. I imagine the best traders should have tight spreads and good volume to fulfill orders correctly.

The one thing that will make you stand out is support. Responsive, expert support staff that resolves issues quickly.

If yu can provide the things that you claimed you and exchangers would be really happy.

As we all know that, exchanging from APP in a mobile would be really amazing. We are waiting for you to release the whitepaper and the rest to see.

Hopefully, everything will be smooth.

Seeya

Hopefully all goes well~

Good questions, so yes we are offering a lot of incentives for customers. As a stock trader myself, I understand how important a solid UI is for a platform. ToS has this nailed down, by far the best desktop software in the industry at the moment. While we won't have a desktop application come out in the beginning we plan to have one in the coming years, the web version however will for sure beat our competitors. Poloniex people say is the best one, however they offer you basically zero chart trading tools... We're not in the 90's no more, people need more than just a EMA and SMA. Look at something like TradingView, that's what we are trying to get to by launch. Fees are planning to be cheaper, execution times will be quicker, and we will also be offering phone support (to English customers) the day we open.

Congrats on your new project idea. As a potential user of your exchange I'm always going to ask what is your competitive advantage? What will you do better; cheaper fees, more reliable, a quicker way to buy, a seemless interface, the ability to provide a cutting edge trading platform (Check out Think or Swim). If you can deliver on one or a multiple of these the customers will be there I can promise you.

Nice project. Happy to see one more exchange coming live with wonderful features like 100 percent uptime. Its really a cool feature and offcourse that makes your exchange different from others. Definitely I will try your exchange .Hope you will be adding all the coins specially blackcoins in your exchange. All the best for your new project.

@ Colton
Is there any scope for investment? I have cash available and am looking to invest in a cryptocurrency business. Please reply with a PM.

I think i should open mine as well, whole exchange incorporated into chat bot

No one could really stop someone on creating their own exchanges even we saw there are lots of exchanges already on the market.You don't like to have many options available on what exchange you would use? I think its better to have many than a few, because later on they will be all crowded and their services been affected. Look at polo, you know what I mean. This is a promising project because they do think off on mobile platform which is really good.

I kindly request to be participant of this project as an Turkish Translator. If you need any assist about translation, please don't hesitate to contact me.

Just want to give a quick update for the 1st of June,

Bitmora is slowly making progress. This has been a very busy and unusual week for me because I've moved to my new city (Tampa Bay) and even though I moved in on Friday, I'm still learning my way around and been going all sorts of places. Thankfully, my partner has done an amazing job keeping things moving during my absence. The date of June 28th for the business plan release is still a go, and we will be giving out confidential plans to private investors who've already contacted us in the next week or two. We are really excited about this and are ready to change the way modern day exchanges run.

If you haven't already, go ahead and sign up for our newsletter! We haven't released anything out on it yet, as not much can be released at this time. However in the coming weeks information will slowly start to trickle out!

-Colton

me too and best of luck

At this moment, we have not implemented it.

Good project, this is a great breakthrough by making the first mobile app exchange that will make me eager to wait for the release of this exchange. Hopefully all goes well, Good job!

Will your exchange use the lightning network?

Seems good on mobile. I hope that when it's fully launched it will be easier to use because most exchanges (well, honestly all that I've used) were not as good as it can be on phone. I'm looking forward as well on that Lightning fast feature when placing an order mentioned in your main post. I'll probably use it once it meets my expectation.

As of right now, only crypto-crypto. However in the future we would like to expand to accepting fiat to any crypto on our exchange.

-Colton

Wish you the best!
Will you adapt FIAT to Crypto exchange or only Crypto-to-Crypto?

I wish you luck and prosperity

 cool with my nickname
  

Marketing budget is allocated accordingly and full marketing will start once official papers are released. It's an alternative coin exchange, upon opening we will support over 40 pairs.

Oh ya nothing could ever go wrong with a monopoly of exchanges. Nothing at all... https://en.m.wikipedia.org/wiki/Mt._Gox

Looks good OP. I'll test it out when I need it!

youre service only bitcoin exchange
or support altcoin exchanger, after release i think you need promotion

Very nice and neat website with a well-designed interface. I hope you achieve what you promise – this is going to be a great project.
Although opening an exchange in 2017 is a bit late, it's never too late – picking up the falling pieces from other exchanges, and putting them on one will surely catch attention.

Hello, thanks for your question! We plan on releasing on iOS and Android, we have not yet gotten into Android wear, however if the community wants it, it could definitely be considered in the future!

-Colton


The current exchanges are failing to meet the community needs and expectations, for the amount investors and traders put in, we believe the deserve a better platform solution.

-Colton

Do we need more exchanges? I think its enough!

Hey Colton,

This sounds like a great idea you've got going and credits to you and your team for deciding to publish a mobile app for your exchange. You'd have thought that with the world we live in some of the big exchanges would already do this but hey ho. Are you also planning on releasing an app for Android wear as well? That'd certainly be a good opportunity.



Best of luck with this and I can't wait to try out the site,
James.

Thanks for your reply! We are very excited about the mobile app version, we know it's something a lot of people have been wanting since the very beginning, but for whatever reason exchanges like to be old school. For new alt coins, we will have a very solid process for adding them to make sure they are both worth the time and money for us, but also worth it for you guys. For delisting it's the same process, we will be making sure both the volume and need factor is there. If we notice owners of the coins doing shady business or if the coin in general is simply a scam, we will act quick to remove it. There will actually be a dedicated team to handle this sort of stuff and will be trained on how to spot new upcoming coins, as well as analysis our existing coins to make sure we only have the most high quality and promising coins on the market.

-Colton

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