Topic: Warning- Nifex Exchange plagiarized whitepaper (Read 472 times)

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Hello Kakatua! Looks like you quickly created another ICO website with no information and now launched bounty with another new account! Even during this pandemic you are looking for a way to scam people. Such a pity!

(I'M KAKATUA, I got caught with another scam So I'm using this account to support the OP.)

I've take small recherch about this. This project trying to copy everything from binance. whitepaper design, Whitepaper points, Token chart everything. I think scam exchange is so much dangerous from other scam.

Also much plagiarized from Binance, bitchainnet-exchange

You did good, just next time make sure to archive the thread  and the website so proofs doesn't get deleted by any chance. If you are not sure how to do it, here is good guide made by @dkbit98 [Guide] Best way to Archive Bitcointalk and other webpages.

I am unable to share image, for that i can't make this thread strong. But, i am trying my best to did it.      

Project information:

• Name: Nifex Exchange
• Website:

https://www.nifex.net

• Whitepaper:

https://nifex.net/wp-content/uploads/2020/03/NIFEX-EXCHANGE-WP.pdf

• Bounty manager: SR bounty ManageR
• Bounty link:  https://bitcointalksearch.org/topic/bountynifex-exchange-total-supply-1000000000-nix-1-nix-0003-5246478

What happen: plagiarized whitepaper

plagiarized from: bitmax.io, Binance, bitchainnet-exchange
bitmax.io: https://bitmax.io/static/whitePaper_EN.pdf
Binance https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf
bitchainnet-exchange: https://www.dapp.com/dapp/bitchainnet-exchange

Nifex Exchanges whitepaper 1st page


With the explosive market development of cryptocurrency industry, digital asset
exchanges trading platforms have evolved to be one of the most important parts of the
blockchain industry. They support the increasing market demand for trading and playing
the significant role of connecting primary and secondary markets for all the market
participants from those involved in venture capital to institutional and retail investors, and
ultimately facilitating the capital injection mechanism in the cryptocurrency ecosystem.
The economic model of blockchain technology is built upon digital tokens and the
consensus mechanism- digital tokens unlock the economic value and activate the internal
ecosystem of the blockchain; while the distributed consensus mechanism ensures the
efficiency of the operating platforms. The incentive system aligned with business model
and economic interests of key stakeholders is the core driver to the development of
blockchain projects in the cryptocurrency economy.
The blockchain technology has emerged as the core system and tools in support of
autonomous management. After Satoshi Nakmoto established a set of general rules in his
2008 white paper “Bitcoin: A Peer-to-Peer Electronic Cash System”, the entire blockchain
community has built upon a decentralized approach, further gradually evolving into a
distributed autonomous system. Similar to the traditional market economic system, the
distribution of products is dependent upon the quantity and the output of resoures and
supporting processes; whereas the right of usage, ownership and right to operate
together with investors, shareholders, employees, and customers are fully integrated in
the blockchain eco-community. As a result, all the participants would share the benefits of
ecosystem development and support better utilization of resources, in order to create a
virtuous cycle of profitability and sustainability. The recent development and expansion of
the blockchain ecosystem has ushered in a new era of the distributed autonomous
economy over the traditional economical forms of both capitalism and socialism.

BitMax.io whitepaper 1st page

With the explosive market development of cryptocurrency industry, digital asset
exchanges / trading platforms have evolved to be one of the most important parts of the
blockchain industry. They support the increasing market demand for trading and playing
the significant role of connecting primary and secondary markets for all the market
participants from those involved in venture capital to institutional and retail investors,
and ultimately facilitating the capital injection mechanism in the cryptocurrency
ecosystem.
The economic model of blockchain technology is built upon digital tokens and the
consensus mechanism- digital tokens unlock the economic value and activate the internal
ecosystem of the blockchain; while the distributed consensus mechanism ensures the
efficiency of the operating platforms. The incentive system aligned with business model
and economic interests of key stakeholders is the core driver to the development of
blockchain projects in the cryptocurrency economy.
The blockchain technology has emerged as the core system and tools in support of
autonomous management. After Satoshi Nakamoto established a set of general rules in
his 2008 white paper “Bitcoin: A Peer-to-Peer Electronic Cash System”, the entire
blockchain community has built upon a decentralized approach, further gradually
evolving into a distributed autonomous system. Similar to the traditional market
economic system, the distribution of products is dependent upon the quantity and the
output of resoures and supporting processes; whereas the right of usage, ownership and
right to operate together with investors, shareholders, employees, and customers are fully
integrated in the blockchain eco-community. As a result, all the participants would share
the benefits of ecosystem development and support better utlization of resources, in order
to create a virtuous cycle of profitability and sustainability. The recent development and
expansion of the blockchain ecosystem has ushered in a new era of the distributed
autonomous economy over the traditional economical forms of both capitalism and
socialism.
Our Vision
The BitMax.io (BTMX.com) team believes that blockchain technology is improving the
efficiency of organisational collaboration through a user-based intrinsic value exchange
system.

Binance security is Paramount

Many crypto exchanges have failed due to poor security procedures. Most security
breaches could have been prevented by taking simple precautions to protect critical
resources. Our team has developed Binance with security as the foremost concern
in their minds. We strive to ensure that we have followed all the industry best
practices when it comes to securing infrastructure and data including ISO/IEC
27001:2013 and the CryptoCurrency Security Standard (CCSS) .

Nifex security is Paramount

Many crypto exchanges have failed due to poor security procedures. Most security breaches
could have been prevented by taking simple precautions to protect critical resources. Our
team has developed Nifex with security as the foremost concern in their minds. We strive to
ensure that we have followed all the industry best practices when it comes to securing
infrastructure and data including ISO/IEC 27001:2013 and the CryptoCurrency Security
Standard (CCSS).