Want to invest but worried about giving in the HODL during a bull run, we’ll worry no more! Imagine spending 1 Bitcoin or 5 ETH on a project’s tokens and then by the time the token sale ends Bitcoin has doubled or ETH has tripled and your new tokens are still worth exactly the same. Bummer! We’ve decided to offer a ‘Bull Market Guarantee’ when investing in MinedBlock. So we will protect all payments in crypto currency* against value increases. *Excludes fiat payments. Read more here: https://t.me/MinedBlock/99That's a great idea. I am sure a lot of people are hesitant to invest when they see that the whole crypto market is surging and they think they are missing out on this when they spend their BTC, ETH ... in a tokensale. |
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Hi bcnex admin, i want to know what will you do about the unsold BCNX token.
Token allocation for ICO is 100 million BCNX, and already sold about 65 million BCNX.
The remaining day of sale is about few hours left, will you burn the remaining unsold token ?
if I am not mistaken, the team once said that unsold tokens will be burned to maintain price stability, but for now I don't know, whether team still plans to burn tokens or not The last information we got here and on Telegram is that the will burn unsold tokens. And I don't think (hope) they are the kind of team that changes their decision to keep unsold tokens for another sale. |
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Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.
Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity? The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens. Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens I was surprised he mentioned that they plan on distributing percentages of the unsold tokens to participants of the token sale. That will create an avenue for dumping of the tokens at first listing. Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid. Most people invest in what they believe will bring in profit. Some long term and some short term. Only a few really believe in the project. So imagine we have more short term investors here and then they get free percentage of the unsold tokens. Immediately they list, they go on to sell that portion given to them for free and thereby causing the price to drop. After all they got it for free. It will be more profitable to the team performing an airdrop or a marketing campaign. They didn't get them for free. They paid for them in the ICO. For example: They buy tokens for $100 and get 100 tokens. In this case, the price in the ICO would have been $1 per token. If unsold tokens get distributed amongst investors they would then get maybe 200 tokens instead of 100, bringing the average price per token down to $0.5. So, in theory, the price on the exchange shouldn't drop below these 50ct (otherwise investors would sell with a loss). I don't really understand the problem you see here. Huge bonuses are what causes the prices to dump and also Airdrop-tokens (which are completely free!) tend to get dumped by most of the participants asap. |
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Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.
Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity? The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens. Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens I was surprised he mentioned that they plan on distributing percentages of the unsold tokens to participants of the token sale. That will create an avenue for dumping of the tokens at first listing. Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid. |
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Update: June 24, 2019
Bcnex BTC Session SOLD OUT! 1155.95 BTC Raised!!
Does this mean that now you cannot buy their tokens with Bitcoin during the last days of the sale? Why is there only a limited amount of tokens available per currency? Yes, am afraid so. The target for btc has been achieved and the project is left with bcn and usdt. I guess the btc market may be open for the wishlist airdrop which would be starting on the 26th of this month. I remember seeing btc on the wishlist form, don't know if it would be effected or not. I don't really understand the decision to only have a limited number of tokens available for purchase with BTC. Doesn't that scare potential investors away who maybe wanted to invest with BTC? |
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But what happened to the previous IEO? Was there any tokens sold during that event? And now st which exchange this IEO will be available? Do we already know the exchange name where this project is going for IEO? That would be very interesting to know in the first instance. Haven't found any information on possible exchanges yet. They are probably still in discussion and will announce further information here in the thread. They have been very open and communicative so far. |
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Guys, is this project dead ? I see all other fking coins are getting traction and they increase in value ... but not UTK ... it's like I choose only shitcoins that lose value ...  The markets it trades are also shady ... no other new markets for potential exposure ... why is that ? Seems so, there aren't much attention for this token. This token just got hype when it was sold out during ICO and after it listed on exchange site for first time. And after that, UTK's value keep decreasing until now True ... so I guess we can just say ... NEEEEXT So you are saying it's dead because the price isn't 'mooning'? They just secured a great partnership and I am sure they wouldn't have been able to do so if they didn't make any progress with their platform. But yeah, a lot of the people are only here for the quick and easy money. For them, it's indeed probably the best to say 'NEEEEXT' and move on. With all their superior knowledge they'll find easily a better investment. |
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Update: June 24, 2019
Bcnex BTC Session SOLD OUT! 1155.95 BTC Raised!!
Does this mean that now you cannot buy their tokens with Bitcoin during the last days of the sale? Why is there only a limited amount of tokens available per currency? |
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The final details of the IEO will be announced shortly but the format will be as follows: Stage 1: - 10,000,000 MBTU Available
- Duration 7 days
- 25% bonus
- $0.10 per token - $0.08 average price including bonus
Stage 2: - 90,000,000 MBTU available
- Duration 14 days
- 10% bonus
- $0.10 per token - $0.09 average price including bonus
What will happen to unsold tokens? Will they be burnt or will only tokens get minted once they are sold? |
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People are asking questions about listing. I’m more interested in Hiway platform being launched. would your platform be launching on Ethereum blockchain or Binance?
WAY tokens is launched on Ethereum blockchain, a switch to Binance chain could be an option. Binance is a good option and there’s a chance you get listed on binance DEX too. Yeah, Binance DEX would be awesome. I was astonished how many traders there are who already using it. DEXs should really be the future and I think Binance would be the ideal choice for Hiway. |
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I don’t get it. I could make a wish, anything, and BCNEX would make it come true? Btw it’s a nice way to end the last day of BCNEX tokens sales. That's not exactly what they mean with their wishlist. It's basically a bonus for investors. They will pick the first 200 investors who invest in BCNEx and will grant them a $20 bonus, paid in XRP. |
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So they are trying to be like a binance then? it may take a while and do alot of process on it, especially binance is already a popular exchange and bcnex is just starting.
yes you are right BCNEX tries to be binary, they must have seen how binance works so they only need not much time to be the next binance, BCNEX development will be greater LOL, I hope you know that in reality, it takes more action than a mere wish or too many talks to achieve success. Binance didn't become Binance in just one year, a whole lot of work was put into it, so saying BCNEX won't take a lot of time before become as great as Binance is in my opinion, flawed. It will be very hard to become as successful and influential in the crypto scene as Binance. I am not saying it's impossible, it's just that Binance is already way ahead of their competitors. Good example is the Binance hack last May when they lost 7 000 BTC but were able to completely cover the losses of their customers. I don't know if any other exchange would have been able to do that. |
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All question your quote have already answered before. I will reply to you again:Firstly, BCNX will be listed on Our Bcnex exchange, and we plan to list BCNX on several top exchanges (one of them is top 5 exchange). About IEO, yes we are. Besides, Bcnex CEO wants to create a complete ecosystem (Bcnex Ecosystem) for Vietnamese innovative startup projects that work on blockchain and apply technology for social goods. His plan is backed by a Vietnamese national program, the 844, titled "Supporting the National Innovation Initiative to 2025" (ISEV). Source of The National Program 844: http://en.dean844.most.gov.vnLast, Money for Super Airdrop will come from Bcnex Marketing Budget and most of the money raised from ICO will be used for liquid on the Bcnex Exchange. For more information please refer to our Website and Whitepaper Nice that you'll also have an IEO platform but does this mean that you will only have Vietnamese blockchain projects on your IEO platform? |
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While BCNEX approaches the end of their token sale, the market has again decided to be favourable. The market tide has been a plus for BCNEX and again it has come to boost their token sale at the very last minute. If the bull run continues then good for the project
Around 52% tokens sold till now. Approx 4 days left for ICO to finish. BCNEX team will be listing token at any other exchange or only at own exchange? 52% tokens sold with 4 days to go, I do not think that they will be able to sell 100% within this short period of time. Also I was about to ask the same question if they are going to list on another exchange but I guess I will ask on telegram. I really do not think 100% is feasible but remember they have surpassed initial cap which is half of current cap. For me, that's a very big plus and a pointer to prospect. I think they have my patronage at this point Oh. Wow. It's just 4 days to go. Thrn i don't see them selling 100% but as you said they have already crossed their initial hardcap so it is still a win for them so what will happened if they dont reach 100%, will they adjust the end date just to sell all their coins? All the tokens that won't be sold in these 4 days will just be burned. I hope they won't extend their sales because they already raised a great amount. Now the launch of their exchange should be top priority. |
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BCNEX KYC is taking much longer time and BCNEX exchange is really slow. I don’t think they can process a thousand transactions when launched except they do something about it. I complained about that and they replied they’ll do something about that.
KYC process always taking time. And I think for exchange they are already in progress. So might be they need more time make better this exchange. Agree on you, look how many people registerd during the airdrop, and how many Team members will take a look and process the kyc docu, for sure they will take a little longer to compelete this. Yeah, no wonder KCY takes longer than usual at the moment. Most likely there are hundreds of KYC requests due to their XRP airdrop that have to be processed. |
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Although they have reached 50% hardcap for some days now but considering how long it took to reach that level, one can say that achieving the other half in just one week is nearly impossible. Meanwhile, wherever they stop it will be a good start and a good foundafion judging from antecedents
$100 minimum investment was not a bad idea for marketing. How much is this project raised? Can someone please explain the reason behind Ripple partnership? Rumour or just a piece of inside news for raising popularity? If the hardcap is 30 million USD and they raised 51,63 % of it so far (according to their website) the amount they raised so far should be around 15,49 million USD. And coming back to a partnership with Ripple. There is none! It was just a possible explanation of how they are funding their 2M XRP airdrop. |
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Ripple partnership would be awesome. Ripple is the world third biggest cryptocurrency in volume and worth. Ripple just signed a deal with Moneygram and has bought a good percentage of shares in the said firm. BCNEX deal with this firm would be awesome.
What are you, guys, talking about? I have no information that BCNEX has a partnership with Ripple. It wasn't even that planned. Do you have any proof? No, there is no partnership with Ripple!!! I was only speculating because I also don't really know how they can afford to give away millions of dollars worth of XRP. |
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As far as I know, an exchange needs to fulfill certain requirements to be allowed to offer trading of security tokens. Can anybody tell me if BCNEX will also be able to list security tokens? Would be great for an exchange to take its share of the STO hype.
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I think going for a new exchange is very good. The team should take their time reaching good exchange with good record this time not some unknown exchange.
Who says Mineblock can't go for top exchange like Bittrex or Poliniex?
Even though I am not 100% sure, I guess these top exchanges are probably gonna charge a lot for their services and are also very picky about which projects they support. But if Minedblock would manage to get their IEO on any of "the big one" I am sure, reaching the softcap should be no problem. I know for sure that these top exchanges have their own requirements to get into their own IEO system. But top of this requirement is the commission or payment to get listed in the IEO which I think might be unattractive to new and upcoming projects like Mineblock. Yeah, to afford these fees, they'd probably already need a good amount of money before the sale even starts. So that's not gonna work but you don't need to be on a top exchange for a successful IEO. There are smaller exchanges that work fine, too. It's just bad luck that DCoin turned out to be so unreliable. |
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I can understand your concerns. 2 million USD sounds almost too good to be true and then it's even a well-known cryptocurrency that you will receive and not just a newly generated token. It would be good if someone from the BCNEX team can tell us how they are funding this airdrop because I don't think it can be (and it definitely shouldn't be) funded with their ICO money. Who knows, maybe they'll even have a partnership with Ripple? |
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