Bitcoin Forum

Timeline?

Initial token distribution will begin within the month and last for 2 months from start date.

In the mean time a better looking demo will be up in the next couple of days, and will continued to be worked on till it can begin to handle real trades.

Well, it's still great, in fact it is not known what will after  the development of these technologies.

Just added our official twitter account, telegram group coming soon.

Honestly, I did not understand the principle of your stock exchange. With one line low commission, and with another listing by voting. And how it will be organized?

The token exchange seeks to have a less profit driven approach, therefore the low cost and other aspects of it.

Assuming by low commission you meant low fees, the idea is that we will be charging a very low % fee on transactions. Users will also be rewarded with Tokens based on the amount that was charged, in essence allowing the user to incur very little to no cost.

Listing by votes is a separate mechanism. In order for tokens to be listed on an exchange, we need to know that there is enough demand / large enough user base to guarantee trade volume. So this is where voting comes in, users can use Tokens to vote for the tokens they want to see listed for them to trade. We will set a predetermined threshold for new tokens to achieve, beyond which we can safely take on the risk associated with listing the new token. We then take the funds collected from the voting and use it as the initial liquidity for users to exchange that token.

The actual voting process itself could be done with smart contracts or just on the platform directly. We are still currently looking into the pros and cons of either method and if there's other options to explore.

In this description, you indicated that you will have a very low transaction fee or there will not it at all. How should it be understanded? In what case will be the low fee (I would like to know the figure) and in what will there be no fee?

Thank you for your interest and questions.

For any deposit or withdrawal of funds with regards to the platform will be free (you will still have to pay network transaction fee to the network directly, for example, gas for withdrawal ETH). We are not taking a cut on deposits and withdrawals.

As for transactions, the fee would be around 0.1% - 0.05%, value to be finalized as we get closer to launch. We are hoping to find a sweet spot where we can be better than our competitors and still stay sustainable in the long run.
Also, tokens will be rewarded to users for transaction fees incurred, effectively bringing down fee to close to 0%.

Telegram is now up, come say hi

https://t.me/FyrusOfficialChat

seem really nice but I think you should work on your annoucement

Appreciate the feedback.

Do you mean this ANN thread? Needs some pictures perhaps?

In case I want to invest, in what channel or medium of communication can I request the invitation to enter the sale? Do have a minimum investment value?

The platform will also have a decentralized governance upon launch,
with FYR token holders able to vote for new features, transaction fees and other aspects of the platform.
Around 70% of the total limited supply of FYR will be distributed to the community via the initial token distribution event,
randomized airdrops to those that have subscribed to our mailing list, or given out directly to those who have helped us grow the Fyrus community.

Please tell me on what network is decentralized governance based on ?

Is there any translation bounty campaign ?

Thank you for considering, if you do need an invitation you could reach me here, in this thread or pm. The public event will be coming soon as well, you wouldn't need a code then.

The minimum investment will be 500 FYR tokens which is 0.1 ETH, at the rate of 5000 FYR / 1 ETH.

This is the value that the team have decided is reasonable. For those that are willing and able to support us financially, we sincerely welcome you to part of this community. But for those that wish to support us in other, non-financial ways, they could instead participate in our airdrop event that would be coming in the near future.

It will definitely be driven by Ethereum in the beginning. However, the Ethereum blockchain isn't the fastest and occasionally gets choked up with gas prices rising unreasonably high due to other projects as well.

We are planning to create our own blockchain in the future, one that can handle the necessary transactions per second. The main reason why that isn't the plan from the get go is due to the small community in the beginning of the project. The new chain wouldn't truly be a decentralized entity if there's only a handful of individuals managing it.


We're more than happy to have you help out with translation. Due to language barriers there are certainly some communities that we would not be able to involve, so if you are able to help out in those ways as well feel free to let us know here.

More and more project offering for low fee and 0 fee for transaction, I think that because the developer of the project knows that most of people doesn't like to have a coins that takes to much fee for every transaction.
I hope that Fyrus will work perfectly.

Thank you for your well wishes  :)

I Like the project and i want to invest in the ico later
But when will the ico start?

How low is this... low transaction fee? I don't get why should this low tx fee become a selling point if at the end of the transaction, most of the paid fee will return to out wallet anyway.

Thank you for your interest. It will begin within a week after the end of our Invitation-Only, which is set to end next Friday (countdown on our site). Formal announcement will be made next week.

Transaction fees will be between 0.1 % ~ 0.05 %.

Yup, I do agree that low transaction fees is a minor selling point. Our goal is to ensure that traders like yourself pay the lowest possible fee, though unfortunately at this stage, there are certain variable costs that are finalized at the end of the transaction. Which is why we have to collect the fees first, and rebate any excess afterwards.

And will it be the same for either market takers and makers?

I'd also like to discuss about your listing mechanism, as convenience as it is for new tokens and coins to be listed merely by votes and by neglecting previous daily volume, it emerges new possible problems to today's crypto situation where ICOs are coming like wild fire. We can assume that PnD (or maybe we should establish a new term called RnA for Raise-and-Abandon) project to ask for their community to vote, or even promising some bounty to vote on your platform so they can get listed, pumped the price, then dump and abandon the entire project soon after. Which leave you with non-functioning coins on your exchange. Solution?

Sorry for the delay.

That would be the market taker price. As for makers will be determined closer to the actual launch of the platform, but we do intend for it to be lower than the taker's.

For listing of coins/tokens, the projects will still be vetted (sorry if we are not clear in the post!). It is to our interest and yours to avoid any pump-and-dump or raise-or-abandon coins/tokens to be listed. We take this issue very seriously. To ensure that tokens listed are valid and trustworthy, we will still perform due diligence to ensure integrity of the projects before putting through a vote. We are considering different ways of getting the community to play a part in screening the different projects. One way could be opening an ANN thread like this one to get all community members and experienced traders to discuss the different aspects of the project.

The voting process itself will also have reasonable limitations for each voter. The user's ability to vote could depend on their account's age, possibly tracked by the activity of the wallet's they used, and votes to list a project's token cannot be entirely from a small group of individuals. We are hoping that that involving the community throughout the process will reduce the chances for harmful coins/tokens slip pass the vetting process.

From the financial perspective, we do not believe in charging millions of dollars of listing fees. The whole voting + threshold mechanism is meant for the listing process to be more affordable for projects to get listed. We believe that projects could possibly create more intrinsic value from the fee savings, translating to a higher value of their coins/tokens which is a win for everybody.

Once listed, if a small group of users want to execute a pump and dump, usually they would need to manipulate the price of a low trading volume coin/token and spread untruthful news to get others hooked. We will do our part to build up a diverse and large enough community, educate the community and supply accurate news directly to combat misleading information designed to manipulate the market. Ultimately, we will still have to depend on traders, like yourself, to make informed trading decisions based on the information supplied. We would like to think that if executed properly, trading against market manipulators could be a strategy by itself and could prove to be quite profitable.

I would agree that costing some projects millions of dollar just to be listed is quite unfair as there are lots of micro-project that worth attention but didn't manage to survive due to lack of exchanges for their coin.

Anyway, doesn't an exchange needs certain liquidity, like as a last-reservoir in case of huge loss or account hack or anything else that would be used to reimburse users' fund? I really don't know about this detail, but if I am correct that an exchange need this, will this fund collected from your coin sale?

Nice one, I particularly like this idea "
Listing new coins on the exchange will require a voting process. Unlike other exchanges, alt coins do not have to be in the top few spots to be listed. A threshold will be determined for each round of voting and any coins with enough votes past the threshold will be listed". I also believe it will help other smaller alts in the crypto spaces.

Yes, that is correct. A portion of the collected funds will be set aside to provide for liquidity, and another will be designated the exchange reserve fund.

as soon as I can join the list can be additional commissions ;D ;D

Thank you for the feedback  :D

Thank you for your interest but I'm not quite sure what you meant there.

Price set is too high for demo version .
try to organize well stand giveaway or airdrop to get more testers .
Thanks

I have completed the airdrop, but I still do not understand for me to get the token, where I can put the wallet to receive the token?

Thank you for participating.
More instructions will be sent to your email nearing the end of the airdrop event.

How do you plan to have sustainable volume,
and what is procedure for new coins to be listed ?

Is there any FAQ, instructions or fees ?

Website is also missing more information and links,
and that is something I would like to see also,
as well as whitepaper.

Fyrus is a trusted exchange platform. every time you have to pay a transaction fee, you will be rewarded at least 80% in Fyrus token with reference to the average price.

because the project is still relatively new, its information is incomplete for this project, please the theme explain in detail about the project, because I also interested to participate. I will wait for his latest news

Sorry for the long delay, we are currently preparing for the main public token sale launch.

By sustainable volume do you mean how we intend to stay competitive such that traders will trade on our platform? Or do you mean providing liquidity for tokens and coins?

As for the procedure to list new coins, they would be put through multiple levels of checks. This may include interviewing the project's team, getting the community to discuss about the project in a public thread like this one. New coins would also have to pass a set of fraud prevention standards that was drawn from the collective experience of our team and other recognized experts. We intend to be a strong first line of defense to ensure that any malicious or Pump and Dump coins do not get listed.

Only after the new coins get green lit by both the community and us do we move on the voting process.

As for fees, if you meant fees of the platform, it would be around 0.1% ~ 0.05%, with the exact value being finalized nearing the platform's launch date.

I am not sure what you mean by FAQ, instructions or more information and links? Do let us know in detail what you would like to know.
We will be updating our site soon for the main launch, do take a look to see if you find the information you seek then.

Hey there, thank you for your interest. The updated site for the main Public Token Sale event will be up soon, take a look to see if you can find what you are looking for.

Platfrom projects that very interesting with the cost of almost 0% is expected to attract many crypto players to make transactions in addition to giving up to 80% tokens for them to help the growth of this platform .. good idea

Public Token Pre-sale is now open! No more invitation codes are needed, just sign up an account and you're good to go!

Interesting idea, with this kind of project will make shopping for everyday need  will be a lot more easy.
I think many peoples will be happy with this.

The project is really interesting with clear objectives and transparent information, I see coin sales information is very interesting with total limited supply of coins, the minimum investment in the ICO is how much?

Hey there, thank you for your interest. The minimum invest is 500 FYR, which would be 0.1 ETH. Currently the Public Token Pre-Sale is ongoing so you will get the 50% as a early supporter, 0.1 ETH will get you 750 FYR

interesting project, original concept, professional team. I became acquainted with this project and it was clear to me that this is an important part of the future

Thank you, we're glad you think so.

Yes, we think that current exchanges are charging to much. We only want to keep enough to stay operational and give the rest back to the community that made it possible.

R

Check it out, some one made a video about us: https://www.youtube.com/watch?v=PgxCQkSKzVM&t=4s

There is no fee for withdrawal, that is kind of interesting.
I, myself feels that withdrawal fee gets to much pricey.
It would be best if we could withdraw without fee.

Nice! Everyone go check them out!

I like this point " invitation code requirement will be removed" in your  announcement, why invitation code were requirement!! I don't think this thing can be useful. Totally agree.

I read a bit, Fyrus will be the platform that gives back its users by rewarding their exchange.
What kind of awards?
What about the exchange fee?

Users will get rewarded based on how much they have traded in the day.

Exchange fees will be around 0.1% ~ 0.05%

since the presale just started, can you add a progress bar to show the raised amount?
and if you add that, maybe it can attract more investor

Only I do not work your site for the second day?  Error 502 Ray ID: 43e6843e0aa775f4 • 2018-07-22 14:14:57 UTC Bad gateway
Can this only be my problem?

Get rewards for being active
On Fyrus, everytime you have to pay transaction fees you will be rewarded at least 80% in Fyrus tokens with reference to the average price.
Good project. Succes for Fyrus

Apologies, it seems like we are getting some malicious traffic so the connection gets a bit spotty at times, we are coming up with a fix

Now the problem is solved.  Your site is working.
I like that all FYR token holders will be granted access to exclusive events, such as airdrops of newly listed assets, and other benefits on the platform.

Great idea

Pre-sale is now over! Thank you to all who have contributed!

good job dev, I hope your platform will be go to the best token exchanges. will the full version of this platform unlocked when FYR has list in exchanges?

Hi. This project announce an exchange or a coin or both of them? Good luck with your project dev.

I read your edit on the thread's subject, isn't it better to open a whole new thread on bounty section about this? It'll gain more attention  from translators

Yes, when we launch officially, FYR tokens will be listed

Yep, we do have one. Just wanted to get more exposure here.

You might want to add the link to that thread here, then. Bounty section can easily drown another thread that didn't bumped regularly. If you add the link here, those who are interested can easily access the bounty thread.

I hope your project will be great success. I am very happy to join this project. Your project very interesting for me at this time. All the best guys.

Where is information about your team? I can't find. Your site and whitepaper looks like very poor as well. And when will be avaliavle demo?

Fyrus Pro is an exchange platform. this platform will protect users' money, Fyrus will only have what is needed for active online trading and will also monitor 24/7 activities to block suspicious activities.

Our exchange is now live! Come join us, trade, earn FYR and get whitelisted for our Genesis BLOCK-0 Mining Event!

We have reached over $2k trading volume! Thank you to our supporters for being so awesome!

achieving extraordinary results, hopefully in the future it can develop even more successfully, like what was planned.

it's good to know that the beta has been ready to tried.
but it seems there still an issue, I've tried to access the exchange page, the content of the order book list is overlapping each others, making it unable to be  read.

Facilities for users at a cost of almost 0%? continue how to get funds for oppressional company? from fundraising? or else? I still don't understand this platform.

it looks like the team in this project must be really vigorous and enthusiastic in promoting this project, and give excellence about this project, so that later this project can run as it has been planned, because I think this project provides many benefits so it deserves success.

project wonderful. the concept offered in the project are also very interesting. It seems like this project has great potential to be successful.

Oh I saw your exchange has appeared and it was so awesome, I'm seeing the efforts of you, and  with the technologys very amazing of you have then this is a potential project and promised success.
Thanks for your efforts

because this project is managed by a great team so that success will certainly not be doubted and will certainly be achieved with satisfactory results, hopefully in the future this project can be further developed.

The strategy is good for this project, with no fees for deposits and withdrawals, perhaps so that this platform can be widely known and many use the platform. In addition, the beta system that has been activated and is designed to be a market that is more accessible to everyone. Hopefully this project will run smoothly and will be attracted by large investors to join this project.

I like it! Mining tariffs will be great for token holders. What about bounty?

with this I am sure that sales will attract a lot of investor interest to join and the results will also reach the target, all will always look forward to the good news from the team for this project.

with an experienced team, and a supportive concept is certain to attract many investors to join it will be very easy, the team will always provide the best benefits for this project so that success can be achieved with maximum results.

Do have a minimum investment value, if I want to participate?

It's mentioned that here we'll be able to trade a real currency, does that refers to FIAT currency?
So we are able to directly trade FIAT currency against Cryptocurrency?

about it need not be in doubt, all teams will definitely always do the best job so that the project can evolve rapidly and successfully.

all looking forward to the news from the team, hopefully the team will give satisfactory results for this project, I'm sure sales will achieve satisfactory results.

Very interesting project, I am in team

We are a team of highly experienced individuals and entrepreneurs who bring years of expertise from successful financial & technology firms, along with a passion for building blockchain technology.

Amazing people behind very nice project and it is also a very good investment opportunity for those who are seeking for a profitable investment

It seems that the project is SCAM? Manager (FyrusPro) was online last time 1 month ago. Telegram channel without administrator....

Fyrus Pro is a community project. The project offers a wide range of customer preferences, collective intelligence, free and open APIs, with expertise to provide advanced analytics and reporting capabilities. The project has received great support from the community. But how can you implement these features in Fyrus Pro? Anyway it's very interesting! Does the project have minimum requirements for customers to attend?

Is there any news or information about this project? seems manager fyrus.pro has long been inactive
hope dev or manager will stay and active in here or telegram channel to give us update and information about the project development

I think this project was dead, no activity and the Twitter like a bot. No telegram news