Bitcoin Forum

I received info from Burst dev about some concerns and that some people might loose money

After checking the latest discussions, I decided to update this thread and his is the link to Burst dev tweet:

https://twitter.com/GetBURST/status/1302702922757599232

Reserved

Your whitepaper Link in the Ann dosnt work !

Also there is no whitepaper for now !

https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf (https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf)

there are more than this.

• you can not find the ceo or the founder of the project
• only a few of the listed members on the website adding burstex on their profile

The listed members are mostly for their Marketing and PR department. They should disclose also who is/are the Founders/CEO/COO. Since it is another exchange, we should know also their legalities? Where they are registered?

Must be related to Burst project  (https://bitcointalk.org/index.php?topic=1541310) notice that they also have the lightning designs on the letter B. I remember burstnation.com use to have an exchange but can't find it now. Burst was a platform but works different like the NXT platform.

Would be curious to see which projects are revived now that crypto markets are stable but jsut to make it transparent list of people were asked. If the team doesn't respond to this, its a possible revival of scams.

I don't know how the team thinking about make this project work without founder/CEO etc. Maybe @flodner can contact the team to be more active here. Because we should know this project much more, before we go to invest or support this project. Anyway, your site look awesome team. Just need little magic hand to give it beautiful.

Regards
Hyudien

Link your white paper is not working.
https://www.whitepaper.org/WHITEPAPER.pdf


please fix the problem immediately. we want to read your Project white paper in more detail.

Thank you Hyudien and everyone else for reasonable comments.
I'll speak with them

Your post has a link to the site, saying presale starts February 15th, 2020. However, once you actually go to the site, the "Pre-sale Signup" button doesn't even work. Above the button it states "Time's up", below it saying "Raised $2,258,500". What's the deal? Did the presale already happen or what?

Whitepaper button links to nothing as well.

They still have a lot of things to fix here. They should have made this as Pre-Ann and not ANN. At least people are not expecting too much. Also, please explain about the figure $2258500? Is that for real or are you in the process of editing your page?

they published their team on their website but forgot to include the most important staffs of the team - where is their COO or CTO or CEO? who is the head of this exchange? i bet someone is managing this project.
if this is another DEX, can it withstand the competition? maybe, maybe one attractive feature is the profits distribution to its token holders. but how transparent they will be to its token holders?

Looking at the roadmap it looks like that in best chances this so called dex exchange will open in Q3 2020,
but as we know that many crypto projects fail with they projections it can be even in 2021.

I wanted to examine whitepaper, but all I found is one page blackpaper...
https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

they have not prepared it, coming soon.

When will the bounty program be launched? I read this information in QA. Please provide full information about the Burstex team and whitepaper.

I spoke with the team so whitepaper is passing final changes and will be added soon, as well as more information about founders.

The team just wanted to inform the community about the project as soon as possible.

Also as I know there will be bounty, updates are coming soon

Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!

I can't wait to know more of this project!


Well, here's some advantages of using PoC that I searched up in a website (https://coincentral.com/what-is-proof-of-capacity/) which might help you guys understand more.

- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose

I thought that it has already listed on the homepage of the site and it looks like that it's also available on the announcement thread too. But i have checked it and not all of the links of LinkedIn are not working.

that sounds promising to me! people should be informed on these benefits to appreciate the usage of PoC. and maybe, this is the reason why they can distribute the profits among token holders because of the nature of its algo, which in the long run, can save a lot of resources.
however, i have seen projects before promising to share the profits among its stakeholders, but somewhere along the way, it didn't come into fruition because of some blind spots. with this platform, how can they ensure that there will be transparency all the way?

Thank you everyone for your interest!

The founders will be added soon.

The amount of capital raised which is shown was provided by angel investors




Did you know?

#Burst #Blockchain was first introduced by burst-coin.org last August 2014 as an #NXT hard-fork. The only #cryptocurrency secured by the Proof-of-Capacity algorithm.

Why #Burst #Blockchain is #ecofriendly?

It is energy efficient while using free disk space for #mining and relatively cheaper than using graphic cards.

The information about founders is updated on the web-site
https://burstex.io/

So many things just doesn't add up.
While it's true that they may have been "excited" to have announced and published the whole thing, it made no sense that the CEO, CTO, and other product heads decided to sit out having their profile slots taken by a bunch of advisors, marketeers, and community managers. Really, community managers over project leads. Might as well shove in the janitor too.
Now that the founders' profiles, I can see reason why it's rather be in the dark. MLM, anybody?
Then, you have the raised amount. Angel investors. oK. Is it possible to know them and the rate they acquired the crypto?

Thanks for your interest and questions.
I tried to remember projects that disclosed information about angel investors' rate I don't remember any. Do you?
However if Burstex team can answer this - we'll hear the answer

At the time the price was $0.0033/BEX

Burstex social media channels in French

https://www.facebook.com/burstexFR

https://twitter.com/BurstexF

https://medium.com/@Burstex_FR

Nowadays, decentralized exchanges are starting to make an impact in the crypto world.
Is it time for them to take the crown from #centralized exchanges?

The white paper is coming soon
So soon there will be a lot of details

Presale starts 15th FEB 2020
Token price is $ 0.0035 USD
Presale bonus 200%
Crowdsale starts 16TH februari, bonus 100%
17-19 februari, bonus 50%
20-22 februari, bonus 25%
23 februari, bonus 0%

Our social media accounts in Korean Version are now up!

Check it out through these links👇
👥 https://www.facebook.com/BurstexKorea
🐦 https://twitter.com/BurstexKorea
📝 https://blog.naver.com/burstexkorea
📸 http://instagram.com/burstexkorea   

Good question, thank you
Yes, the mobile platform or the mobile version of exchange will be developed in future.

That will only be attractive if the exchange will really do great in trading. If they can't attract sufficient number of traders, the profit might be small but yes, still good to have something rather than nothing. And also, hopefully, they will not disappear in no time. You'll never know the lifespan of crypto exchanges nowadays.

I found information on your site that all profits are distributed to BEX token holders. then what about your exchange operational costs? besides that, does the Burstex exchange have allocations taken from the Exchange profit for reserve funds?

As for me, two things differs it from other exchanges
One is that it's on BURST
and another that Profits Shared Among Token Holders

Will it be better than the others? Time will show

You wouldn't want to miss this!

On the 15th of February, we will gonna start our PRESALE!! So mark your calendars as early as now! 🗓

https://burstex.io/

You're kidding right? Who hasn't heard of Multicoin Capital? Lemniscape VC? Fenbushi? NGC? Drapper? And they all have the startups they invested in on their site. Yes, you're asking if I remember startups that listed their investors, but I'd rather point you to the angels first so you can go see it publicly documented and then go to the site of the startups and see if they didn't disclose. Most recent rate disclosure I can remember was by Kava stating the rates for all 3 private sales. Hbar too disclosed their rates even when it was zero. Literally

Ok, thanks for your answer. Some of the names I heard of course.
Also your question is now answered: "At the time the price was $0.0033/BEX|
Thanks again for your interest

Burst was created in August 2014 as a NXT code fork – it has been working and battle-tested for years. It is the first cryptocurrency using the Proof-of-Capacity consensus algorithm, a modified PoW mined with HDD space, making it much more energy efficient and green than Proof-of-Work, yet fairer and more decentralized than Proof-of-Stake. It was the first ever cryptocurrency to implement working, turing-complete smart contracts, and to perform Atomic Cross-Chain Transactions (ACCT). And with the new BlockTalk framework, smart contracts can be coded in Java and deployed to the chain with ease.

More about BURST you can read here: https://www.burst-coin.org/

What we should do to earn profits on http://Burstex.io?

Nothing! Because users who hold $BEX (Burstex token) will receive profits from exchange fees, that easy! 💰

Hello There! Maybe someone already wrote about POC, but i need to know something. If Burstex will have the own blockchain network, what i need to do, that i can launch my node or something that. This is the first time when I am faced with Proof of Capacity and I don't know anything about this consensus algorithm.  ???

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

You can find information about the BURST wallet on the Burstex.io site in the FAQ section.


Actually, a bonus that is too large is not good for the token itself, because it can cause the price to fall when the token is traded. they said that they had collected $ 2 258 500 USD. I hope they can prove it.

it is a big number, even though they have a target of harpap which is still far from the total that they are currently getting, but they must also be able to prove the total funds that they get now, so that public trust can be fully firm in achieving sales that are currently taking place before the next sale occurs

What high level experience do you mean? can you prove it? even the BURST tokens don't have a good volume on the market.

If the team has prepared a strategy to prevent the fall in the price of tokens because the bonus is too large, I hope the team will share this information here.

To be a trusted crypto exchange, one must consider the following criteria
☑️Security🛡️
☑️Liquidity💰
☑️Trading fee💵
☑️Ease of use👍

How about http://Burstex.io as a Crowd Owned Exchange?

Buddy, here's the link. https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf
 I Advise you to familiarize yourself with the project before making any decisions.

Excellent. 1 unanswered question, time for the second  >:( How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen (https://www.youtube.com/channel/UCAKGC9pOKL15P1O5XEs_f6A/featured), is that ok?

If you check ARC IRIS Hydrogen announcement thread, and Burstex announcement thread, you will see that they have similar configuration. Since Burstex one was made month and a half later, i guess they forgot to change links when copying.

Another thing that both Burstex and ARC IRIS Hydrogen have in common is that both are having those fake conversations going on. They are using Ann bumper service, without knowing that bumping doesn't work as it was before, so they are just wasting money on  that. And no wonder that no one is answering your questions, as they are too busy shilling this.

We hope all your questions can be answered in white paper, which is coming soon.
Also could you be so kind to point which question do you mean? As some questions which are put here being answered by forum community.

Regarding decentralization - we will use BURST blockchain.

The video link is changed now, thanks

It is such outrageous bonus that end up hurting a project at the end, how can a project that is sure of what it has to offer gives such bonus! sorry to say this but any project given out huge bonus are just here to make quick money, i think the first thing they should be concerned about is having prototype of this exchange, some exchange project nowadays already have their prototype of exchange even before token sale.

I can't see a single one coder on your team, only in advisors. Are you seriously trying to keep your exchange running with advisors tat can code? Coders need to be on the top of the decision making progress just to keep your exchange safe and running.

They might have just hired someone, outsourced it. Lots of projects do that nowadays. Also, most coders usually choose to be anonymous and don't want to get in tangled with any project (unless of course success is clearly visible.  ;D) which explains why no coder is listed on their team.
BTW, OP, Do you guys have an MVP? I can't seem to find it on the website.

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

Your point here is very valid. They should have constant presence of at least one programmer in the team. Third party services is not a reliable one especially if they are changing it from time to time. They should hire at least one that will overlook their system from the beginning and all throughout its journey, as he will know the potential bugs and resolutions that will come along the way. He should know the history. It would be too difficult to rely on outsourced services because they will always start from scratch.

Yeah. You're right. The most probable thing to happen is the team would only permanently hire a coder after their IEO/ICO. Currently, they probably don't want to spend extra funds for it especially when the exchange itself isn't even running yet. Although, this might never even happen if their IEO/ICO wouldn't have great results.

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say :-\
and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

According to what am reading from this exchange, profits will be shared among token holders, not that Burstex will be the first project to make such promises and never stick to it, ...i could remember that of TenX back then, they promise to pay dividends to holders but they later changed from that promise,
So how is Burstex planning to keep up with this promise? because when you have a large number of holders of your tokens, it will become very difficult to fulfill this promise, how are you sure your exchange will generate enough profits that will be enough to go around and what is the criteria for sharing the profit to token holders?

Oh man, unpleasant to hear it. Perhaps this is a mistake of the bounty manager. First of all, we need to think about quality, and then about our personal time. Now everyone is in a hurry somewhere. But I don’t understand why there are so many startup exchanges  ??? I don't want to be skeptical, but now the cryptocurrency market is just a few exchanges that pull the whole blanket over themselves  :(

Everything depends upon the credibility shown by the company, in which company they are managing to list coin for IEO, recently many IEO companies cannot able to reach their desired target, but we don't know how far this company will able to raise to funds during this market fluctuation.

yes, it seems that the current IEO program is no longer attractive in front of the community. I did not say that it did not need to be run, IEO could have helped this project if they were able to enter the top market like binance if they were unable to enter the top market it would be very difficult to achieve maximum results

3rd quarter of 2020? LMAO. Prototypes or MVP's are best to be built prior to running an ICO or IEO. That way, they have something to brag to possible investors and gives them a hint that the team is capable of building what they have promised. Just as I thought, these guys would only hire proper coders after their sale ends, but, that won't surely even happen if they sold nothing or did not reach the softcap.

Yep, just like you heard, Q3 is most likely the estimation date of release of the prototype, and don't forget it is only an estimate nothing specific at the moment so there is bound to be changes along the line, seriously,  this isn't impressive at all, and as an investor this will definitely put me off,
People don't contribute money blindly like back in 2017 when all the shity project managed to raise millions and investors where able to recover their money within a short time, things have changed, people are more wiser now,
Solid project with real product are the main target of investors now, not some empty white paper project.

you wouldn't really want to work on teams who are not sure what they are doing. they already show signs of scams, you can't see the team's profile too

I don't like it either. The some team profiles is unavailable in linkedin. Topic moderator, text team to fix it. Now there is some kind of hype, a lot of startups is exchange and I hope people can earn money by buying their tokens. The main thing is to withstand competition and offer something new in that sphere.

it looks like they are editing the url of their linkedin profiles that we now can't find. this is enough to suspect something is not right here. i can't even begin to think how possible it could be a Crowd Owned Exchange.

Even in the bounty they provide the spreadsheet, but cannot able to visible the entered data in the spreadsheet, so it makes me think negatively about this platform. That's why many people losing their project transparency, which leads to loose interest in the project.

Most trading volumes come mainly from wash trading and have nothing to do with buyer or seller because they are both coming from the exchange, but is this a question? You are part of the team so you can surely figure it out. These kind of posts just makes me think that you might not thought this project trough.

That sure is some shady behavior. I just checked those links as well, as true enough some links points to nowhere.
Eduard Gerek, Fabio Kara, Andy Bel, JaeHong Seo, Shefas, Ryan W and JJOS are some of the people listed on their website that have no proper LinkedIn profiles to back them up and validate their existence.

I think their only reason to call it that way is because they promise to give back 100% of the exchange's profits to the token holders?
They might be too generous on doing that but being a centralized exchange that's under the management of a few people, it's still a far cry from calling it a "crowd owned exchange".

By the way, is someone considering trading with leverage x200? I hope Burstex will provide this not only for top coins like BTC, ETH, BCH, etc. This is a very cool opportunity, now there is no such thing on the exchange market. But I still don’t see anyone thinking about Byzantine fault tolerance, and i don't understand why Burstex need a blockchain.  ???

seems that this project is just enticing users about the promise of being crowd owned exchange but in all actuality, they are trying to lure people in to get money as much as they can. if they are now having these linkedin profiles going nowhere, i think we need to start being cautious about this platform. why would they do such suspicious thing if they are planning something good for this exchange? time to hold your coins and not send any penny to this one. we don't even know the truth about their $2m+ funds raised. are they bluffing to attract naive investors?

Unfortunately, but it seems that this project is either a poorly prepared scam, or people who are organized it, are not even able to properly prepare a crowdfunding event. So investing in this project is practically lost money in advance.

To this day, he does not have a whitepaper, not to mention that even links to dev team profiles for several weeks cannot be corrected (or do not want to be disclosed).

With such a large number of team members declared, no one has time to inform that the date of presale has been moved from February 15 to April 15.

I haven't seen such a badly organized project in a long time.

I will leave this opinion here, because I am afraid that nobody will take ICO/IEO/STO markets seriously through such projects.

In fact, every situation would be better than today's.
Even the person who opened the announcement thread is not in direct contact with people from the dev team. There is not even minimal information about the stage of the project and even one promise or goal from the original roadmap has not been realized. To tell you the truth, I can't imagine it could be worse.

No matter how the market will look in the future. If start of presale was posponed, it's because no one will buy a token of the project that doesn't even have a whitepaper. If developers do anything to improve the image of this ICO, then regardless of what happens on the cryptocurrency market, their situation will be much better. Although looking at what they have done so far, I do not expect spectacular changes for the better.

Yes bro,  they are keep giving the promise in their official telegram the whitepaper will going to release soon from past few days but still not. even bounty spreadsheet also not ready because there are so many bounty hunters complaints regarding this issues past few days till now no solution for that I think burstex team have to deal with those in professional way.

The team play a bad joke...
The Presale will be postponed to April 15th just to complete the whitepaper. LOL

Only a fool would invest in a project like this
If you investing in project like this,you will lose your money

without study their whitepaper, what makes investors want to invest their money in this project? or just believe what they promised

Stay tuned. We will inform you about updates as soon, as possible! Subscribe our telegram chat for updates! https://t.me/burstex

Everything will be accordingly to plans. If something changed, we will inform in official Telegram chat

Hello! You can check in our WP https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

Hello! We have bounty campaign now https://bitcointalk.org/index.php?topic=5220449. Stay tuned, we will inform you here and in telegram chat https://t.me/burstex

This cannot be said for sure. Many projects that caused some doubt at the beginning of their journey the successful now. Binance also had problems in the beginning. The project wouldn't hurt the participation of escrow services to reduce risks. I didn't invest in this project, but something tells me that I need to monitor its activities.  ???

So far, there are no restrictions. We welcome people from all countries! The main thing is to have a desire to develop the project!

Hello! You can check Burstex.io White Paper by this link https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

Is this a joke? It is a blank page with the words "BURSTEX Coming Soon".
This shows even more how you treat potential investors. After all, it is laughing in the face of people who are interested in the project. At the moment I am sure that if you do not know how to organize even the token sale properly, you are certainly not able to develop this project. I am sure that not only investing here will be a waste of money, but just getting to know this project is a waste of time.

You don't invest in this project but you need monitor its activities ;D
I did not see anything interesting in this project, dev just made a promise but if you think otherwise it's up to you
That's your decision and it's at your own risk
Hopefully you do not waste time in vain
Goodluck....

Developers have been promising whitepaper a month ago, and instead moved the start of sales by three months. This indicates that they are completely unprepared for creating such a large project. We are not even able to verify who these people are, because links to their LinkedIn profiles do not work.
All we got was a whitepaer link that doesn't exist, is empty: https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

Hello! Stay tuned. There were certain reasons for this. We will inform you about changes as soon, as possible!

I honestly hope that no one is seriously  interested in this , and thinking about investing, as all this look far from serious project.
I see few red flags here:

• No Whitepaper at all since they made this announcement thread, just  an empty promises about coming soon.
• Claiming to raise more than 2 million USD so far, while not even having whitepaper. No one sane will believe in this claim, and in my opinion it's just there to attract potential investors.
• Last but not the least; they hired those bumping services that are faking conversations and interest. Bunch of accounts that are active in this thread were doing the same thing in known scam, Malwarechain. There is extremely shady practice, and something that is frowned upon on this forum.

I personally wouldn't touch Burstex with a bargepole.

You forgot to add cartoon photos as dev team members and broken links to LinkedIn profiles.
To be honest, it's curiosity about how they will try to explain themselves from all these mistakes and unfulfilled promises, keeps me watching what will happen next.
I wonder if they will even try to do anything with it at all, or simply switch to something new.. ::)

Your right to do something or not to do. And you can think the same way. In any case, after a while you will be able to study the white paper. Stay in touch for updates!

Without a doubt, we will provide personal conditions for large investors!

Unfortunately, but since this thread was created, we only hear promises.
Apart from unfulfilled promises and lack of information, nothing more the dev team has not yet shown.
I would love to be wrong because there are not many good projects on the market right now.
However, if this is the beginning, then I'm afraid that it will only get worse later.

I guess on my part, I will not send any money to this project or exchange. just by looking the profiles of their team members esp the co-founders - either not available or page not found. did they intentionally remove their profile links? this is quite a warning signal to all potential stakeholders of this project. only those community managers have active linkedin profiles - who are not really the vital members of this project. crowd owned? do not believe such concept, because it is still controlled by very few people that are managing this project.

https://i.postimg.cc/yxGXz9Wp/Screen-Shot-2020-02-26-at-7-24-26-AM.png

We've been paying attention to this for a long time, but no one who represents the project even wants to answer why it looks like this. I have no idea why anyone publicly presented this project without providing basic information about it. It seems that dev team takes anonymity too seriously.

This was an issue for several users. Please try to delete browser cookies or try a different browser and it should work normally.

The whitepaper can be found here:
https://burstex.io/wp-content/uploads/2020/03/Burstex-Whitepaper-Final.pdf

Yes, there is an additional 10% referral bonus. You can generate a referral code here:
https://docs.google.com/forms/d/e/1FAIpQLSfpWZMnstKLGQXWKcL1VaCgD7XBkamkps4zT9pxzu5ZVyl-cA/viewform

The 10% referral bonus for the crowdfund should not be confused with any deposit bonus or referral bonus related to trading fees on the actual exchange, where these bonuses will range from 40-60% depending on the referrals trading volume.

I see that, as every poor project, you have also hired "bumping team of one liners". Now I can be sure that every day I will read 5 to 10 meaningless posts in this thread and repetitive answers to stupid questions over and over again.

So, you want to say, that links to the dev team LinkedIn profiles didn't work, because everyone have problem with browsers?  ;D

that's a lot of money coming from a single investor. But since everything is down nowadays, do you think they will get good number of investors that will spend that much just to get the 200% bonus? they might want to lower such minimum amount considering the financial status of most crypto users. also, if you can't afford to expend that money, you can avail their 100% bonus because they have no minimum investment for this. also, are they going to disclose the amount raised after their presale?

https://i.postimg.cc/Y0vgLrRT/Screen-Shot-2020-03-16-at-1-29-41-AM.png

Ouh, the delay is so long, I don't want a situation like this, what is their reason for delaying the sale of ico for 2 months? Because I see that the money they have managed to collect is still far from the total harcap, I am a little doubt that they will not reach the harp point, because the harp point that must be reached is a very large nominal, to reach half of it is even very difficult , do not know for sure what their ideas will not reach the point of collapse

The delay is because of that, they started promoting the project without even having a whitepaper. They create it recently. Unfortunately, but the developers either have no idea how to do it, or this project is fake. Links to dev team members profiles were also fake, and someone explained that we must have problems with the browser.
I recommend to be very careful to all investors.

Even if the organization was at an excellent level (and unfortunately it is not), with such a situation on the cryptocurrency market, no project will find enough investors. I think the only way to develop this project is to find an angel investor. Otherwise, I don't think even a softcap can be collected.

Based on the sales structur that I see in the site and roadmap, the campaign will be last about 2 months, but it could be an extra time. Because what I saw on April 23, there was no time period, maybe it could be a little long but with no bonus. Hopefully burstex gets enough campaign participants to promote their project.

Yes, hopefully there will be no community who dies the burstex project to promote it, even though there will be a delay in time and the community will not mind the delay, because usually the community will not sympathize with projects that delay the time that was applied before it, and burstex must be smart make their decisions and positions so that Burstex can survive and continue to run until all the missions that are designed can be achieved

If there's a delay, it will depend on how long the delay, so that the community does not lose sympathy. If the delay is annual, then of course this will happen, because it's too long. In fact, I see that a only 3 months of delay has made the community divided, moreover if reaching the year may be very bad.

The main issue of this project is not how long they postpone the ico process but the reason for the delay that you have to pay close attention to
The ICO process was delayed for 2 months because they started promoting this project without having a whitepaper.
They made it recently ...
If you look closely, all of this look far from serious project

Yes of course because the delay will be a bad view for the community, that's why the community can be divided and the community's trust is no longer strong for the burstex project, hopefully the team's decision is good for the delay they make, and hopefully the design that the team has planned can be realized and better than they did not delay the time, I just want to get information from the burstex project, hopefully there is encouraging news that I can meet in the burstex project

I am aware that the delay was due to unprofessional promotion of this project and lack of information about it. However, in the event of such a market situation not only cryptocurrencies, but the collapse of the entire world economy, this delay may become positive for this project.
In my opinion, developers should consider the delay in starting the token sale even longer. In the current situation finding investors is rather a miracle.

Yes, this situation is very difficult to get the attention of these investors because of the unstable global market, some of the investors just stay quiet waiting for the market to be really stable and safe when they want to invest in a project, in this delay as well as the burstex project team do unique things and come up with interesting ideas to attract the attention of investors and while waiting for the market to really recover

On the other hand, it seems that the situation in Italy is already calming down. If it turns out that the worst moment is already behind them, then we can count when it will be expected that the situation will calm down in other countries.
Prices on classic exchanges are falling, so investors will want to look for other investments. It is possible that they will put some of their money in cryptocurrencies. Since yesterday, the price of Bitcoin has risen 15%, it is possible that this is not the worst moment to launch a project related to cryptocurrencies. However, the risk is very high, because if it fails now, then there may be no second chance.

I have a doubt, I know BURST since before the community takeover and is a very interesting coin, among the first ones with token functionalities, but, the bounty's sign up form asks for an erc20 compatible wallet
Why use an erc20 wallet in the bounty if the BEX will be BURST based?

I heared that BURSTEX scammed marketing agency.

They order some services and don't pay for work.

Looks like you really scammed some guys https://prnt.sc/rumc46

Need more information to verify this. Anyone could spam and make a bold claim but let not jump into conclusion and wait for BURSTEX team to address this accusation.

@Villacross ordered "special" service. And don't pay for job done. I can show spreadsheets with reports. But after that, their account will get several red flags. They should pay money better.

You better show this table, you can pm it to me. Using this kind of special service is not tolerated here, and those who dare to use it get what they deserve.

I am not part of this project team, but if I see tweets* from Burstex's Twitter account, their Exhange will be launched on the 15th August along with the start of Pre-sale Burstex. but if we look to their roadmap the platform & APP will be released and open for trading in Q4 2020

* https://twitter.com/Burstex_io/status/1288051573839597568

We should just wait for their decisions, so that we get clearer information, and we must wait patiently for their latest announcements, so that we don't lose track if we want to be part of investors or become supporters of BURSTEX

i checked on their website that they will start presale but I see they already raised fund quite big I think this is makes investors quite curious about this project and we can see the team on this project is very complete and have a good experience.

Do you have access to beta or alpha test of that platform? How you can say that this platform is very complete while there is no link for public. I would like to know more details about this and how to access this platform to check how it working?

heygeorge, the crowdsale is going ahead on the 15th of August GMT +0 as planned. See you there!

Yes there has to be fees of course, from the collected fees the BEX token holders will be paid out.

15th of August GMT +0

You will be able to store BEX in the Burst Coin Phoenix wallet:
https://www.burst-coin.org/wallet/

You will be able to buy BEX with Burst Coins, the smart contract address will be posted on the Burstex homepage: www.burstex.io

Right now the best place to buy Burst Coins is on Bittrex, once you have the coins bought you can send them to the smart contract address.

Yes of course the bounty is still active and open:
https://bitcointalk.org/index.php?topic=5220449

You will be able to verify the code of the smart contract yourself, 100% transparency.

The platform is not public yet, the platform will be launched by the end of 2020.

Using Burst Coin! Please read my previous reply above :)

Visit our telegram group for latest updates.

https://t.me/burstex

Presale goes live in under 1 hour! Get your Burst Coins ready!

https://burstex.io/