Ive asked them for a more detailed update as to the BTC, however, I dont believe they are going to post a bunch of actual documents.

Lets see what they put together first

@lexicon take it easy, "YOUR bullshit.
Bullshit is fine, Im sure you see the difference

Thanks

Ok

Glad you guys posted how you felt about everything.

You have both stated your points

Lets leave it at that.

@islapdonkey you can not attack him and call him an asshole here on this thread


@snowyNNN you can not attack him and call him a tumor here on this thread


Lets especially make sure we refrain from the personal attacks, and like I said you have both stated your side with references and links. So lets chill now thanks

Interesting..


I appreciate your concerns, but other than under-estimating the price to build and exchange, and maybe pushing a bit too far demanding the devs post tax documents (which is his porogitive, and most likely not going to happen but hes free to check public records) hes done nothing wrong here.

Those links have a lot going on. Islapdonkey is free to ask questions here, and Ill give him the benefit of the doubt that he'll accept the answers, and will take him at his word that he cares about the project and just wants things to go well, until he shows us here in our thread something different.

Im talking to the devs about getting some more details as to where the project is now.

At the same time you are entitled to your views as well @snowyNNN

I hope we can all get along

We are in the beginning stages of building the community, as we are at 3/4 of the initial roadmap and its time to start really spreading the word as to the potential of the EXCC eco-system

Great point on comparsion to bad projects, I dont want to do that either.


On the price of the exchange being 50k, thats an extremely low estimate IMO

Many users in our target market only have internet access at certian times of the day, so the cloud mining was set up so that when they lose internet connection, their acct keeps on mining!!! Pretty great idea!!!

Having the M1 phone doesnt give you anything special when it comes to mining.

The ETN app comes pre-installed on the M1. Its does more than "saving people a 2 min search" Come on man!! lmfao
>I know you were just joking< 😂😂😂

And yes, you can now pay your phone bill with ETN, and yes for now its just in Africa (our main target market now)
So maybe not "you" just yet😉😀


ETN is delivering EXACTLY what they have promised to do and then some.

People ask why the price? Few things I think. For one, we need to remember a ton of free ETN is given out per day with the mobile mining and ASICs, and the price still stays rather consistent.

Also, we are doing a lot of things to set up ETN for the future.

Its obvious that the moves they have made will cause the ETN community to grow dramatically, and when all the seeds they are out there planting start to grow, this is when the number users will see a steep increase, along with the price.

To me, it couldn't be more obvious that we will see ETN climb in ranking on CMC as the months and years go by. When you put this together with the bull market that will most likely begin sometime this year, ETN being less than a penny is huge opportunity for some MONSTER ROI in the future, IMO



****I am the ETN Community Manager here on BCT. I also own ETN. I am NOT a neutral mod or admin. Do not mistake my posts as investment advice and never invest more than you can afford to.lose****

It will peak and fall more times than once beforenwe level out with an overall MC of 1-3 Trillion. This will put BTC value more than 100x, and even some Alts at 1000x when its all said and done

Ok, I took your first post as on the unreasonable side. Sorry, my fault.

From my understanding, money is tight, and with all the expenses listed, it would be tight.

Now that they are at a point where their resources are limited, and they are being honest about it, and acting accordingly, it seems that they havent done anything lead us to believe they shouldnt be trusted.

From my understanding, they actually raised and had full control of the 650 BTC BEFORE they released their actually identities to the public. They could have disappeared easily with ALL the 650 BTC, and there would have been nothing anyone could have done about it most likely. But they did release their true identities to the public, so that builds a lot of confidence in their integrity to me.

So taking this into account, along with that they have been clear in their update, as to the money that was spent, I think they have been more transparent than many of the popular exchanges people have trusted assets with.

And I think the fact that they paid taxes is a good thing.



All that said, I understand your frustration with everything thats happened.

Things did not move forward as everyone would have hoped they would.

The market crashed, Xult took twice the quoted estimate, and the marketing company didnt deliver. These are the main factors for the disappointing results. Lets not hold the Devs feet to the fire for things that were outnof their control.

As they stated in their update, many established exchanges have gone under during this major market downturn, and the EXCC Ecosystem is still alive.

EXCC online wallet is very nice
Xchange.me is working
Xult.com is working

Now the Decentralized Echange wasnt supposed to come out until 2019 and may see delays on launch.


Still, the Devs have everything up and running and are ready to move forward, and bulid the EXCC Community, and gain new customers at the Xult Exchange, so being a large investor yourself, it would be good to see you stand with us and help to build the community to the best it can be.


I intend to build the EXCC Community, gain more investors in EXCC Coin, and help bring more customers to Xult.com.


The EXCC Community could benefit from someone who is willing to ask the hard questions, and still stick with us through the thick and thin.

Can I count on your support?

The update explains a lot. You dont think they had to pay taxes? Maybe Im wrong, but I would think they would have to do that.

Why do you see the 120 BTC in Taxes as a red flag? Im not a tax expert, so maybe you see something I dont here?

The update you referenced goes into detail their expenses.

The exchange seems ok to me. Why would you see it as subpar?

Ive been hired as the Community Manager for the EXCC Ecosystem here on Bitcointalk recently, so.....

@islapdonkey

YOU ARE THE ONE WHO IS MAKING THESE OUTRAGEOUS ALLEGATIONS, SO IT IS UP TO YOU TO PROVE IT.


ILL WAIT...

I wouldnt be so sure. I expect we will see 100k BTC in the next peak, falling back down to 15-20k when the bubble pops again. We will keep going thru growth cycles, most likely leveling out once the market is full around 1-3 Trillion overall total MC.

We only got a small taste of what can happen when the general public takes notice, and barely, if you want to count any, Wall Street attention in the last run.

When your pizza delivery driver is asking for tips in BTC, and trying to convince you to invest, weve reached the top, and the MC at that point it will most likely be in the Trillions. Were talking 3 to 10 years depending to see a full market IMO

With all the exchanges out there ppl are using and they have no idea who owns them, and there are exit scams all over the place, it great ro see an exchange project that is transparent and where security is its main goal!!

Security is the main point of the project and its a community exchange backed by the members/holders of EXCC Coin

Hi Guys!!

Are you new to EXCC or just coming over from the Discord Channel?

Great to see your support!

With the Dev Team on the EXCC-DEX Decentralized Exchange stage of the roadmap, its time to get the word out!

There is a great EXCC community spread out throughout the different channels, lets spread around this link and get everyone posting here, so we can get the community all in one place.

Heres the link:

https://bitcointalk.org/index.php?topic=5113974.0

Man I see so many of you with the wrong mindset.

If you have an investment in some serious projects, and wait, as long as its spread around a bit, youre assets will rise in value dramatically in the coming few years

A good friend of mine here says we will be in the Trillions in total marketcap in the coming few years. Do the math. Most likely your assets will, give or take, stay close to the same satoshi it is now, so when BTC hits $100,000, $500,000, etc. the value of your asset will rise with it.

Now, if your alt is better than most it will rise in value even more, and if your alt is worse than most you will lose some of those satoshi.

So like I said, if you spread out your investment over a few solid alts, you still stand to make a killing.

Yeah the "get rich quick" days are somewhat over, but you can be sure that the gains still attainable between now and the overall total marketcap reaching the trillions, would be an investor in stocks wet dream.

Once we reach the trillions then, those insane gains will be harder to get.

Right now, those that are invested in crypto have an insane unfair financial advantage over the average joe. Its simple but not easy. HODL

If you can have the balls of steel to HODL the large majority of your investment when it goes 100x 200x etc, and can wait till you get the 500x to 2000x, then you will win.

Simple but not easy.

The market just got a SMALL taste of what it would be like when the general public jumps onboard in '17

Next time when the whole public is all in and wall st is all in, the and the marketcap hits TRILLIONS, then were talking

The market being down is a GREAT THING!!! IF YOU ALREADY HAD A TON OF ASSETS, AS LONG AS YOU DONT SELL THEM, YOU WIN.

IF YOU DONT HAVE A GREAT AMOUNT OF ASSETS, NOW COULDNT BE A BETTER TIME TO BUY, and YOU WIN

THE ONLY WAY YOU LOSE IS IF YOU ARE UNEDUCATED OR NOT DISCIPLINED ENOUGH AND SELL RIGHT NOW, THEN YOU LOSE!!

Bullrun incoming this year IMO

https://bitcointalk.org/index.php?topic=5113974.msg50022868#msg50022868

Thanks for the support!

Feel free to check out the Exchange Coin eco-system thread above, as I would love to hear what you think of the project once you have the time to do your due diligence

CHECK OUT THESE LINKS:



IS XULT.COM A GOOD IDEA?

https://bitcointalk.org/index.php?topic=5112441.msg50021049#msg50021049



WHAT OTHER COINS HAVE MULTI TIERED EXCHANGE PROJECTS LIKE EXCC COIN, XULT.COM, XCHANGE.ME, EXCC-DEX?

https://bitcointalk.org/index.php?topic=5111678.msg49813431#msg49813431



EXCHANGE COIN DEVS JUST BROUGHT ME ON AS COMM MGR. YOUR THOUGHTS ON THE PROJECT?

https://bitcointalk.org/index.php?topic=5114321.msg49921041#msg49921041

THOUGHTS?

Agreed. The idea for the phone is not meant to buy it just to mine.

It can be used to mine, but its to gain credibility in target markets.

The target audience will see the Electroneum M1 phone for sale in their shops, and the perception will be that if ETN can deliver their own phone, than they are obviosly a project that is established enough to be trusted.

Its also amazing for branding in general!


And Ill just leave this here, too

https://youtu.be/JZFP4VRfk5o

Understanding the Proof-Of-Stake System


Stakeholders will be required to secure a ticket for eligibility to participate in the stake mining process.

Tickets can be secured by locking an amount of EXCC. With these tickets, stakeholders can cast a single vote per ticket.
After voting, the ticket delivers a reward in addition to the original value of the Ticket Price.

Tickets for the voting process are randomly selected and the duration of this voting exercise can last anywhere
from 1 to 71 days (14 days average), however, there is a 0.5% probability that the tickets can become invalid
before selection for a vote.

Upon expiration, the original Ticket Price is refunded without a reward. For each
mined block, there must be five votes; if the votes fall below five, a deduction will be made from the miner’s
reward as a penalty. The mined blocks are permitted to have as many as 20 new ticket purchases. It takes 256
blocks for a new ticket to mature before it can be added to the Ticket Pool and eligible to be selected during
the voting process.



Some crucial variables that one should know while staking include the following:


• For every 144 blocks (approximately 6 hours) the algorithm for the stake difficulty runs a calculation
 to generate a new Ticket Price to maintain the Ticket Pool size so the target size of 40,960 tickets will
not be exceeded. In this instance, the 144-block window is called the Stake Difference Window Size.

• For every single 144-block window, users wishing to stake their EXCC coins are mandated to pay
 the Ticket Price/Stake Difficulty price.

• The Ticket Pool refers to the overall number of the tickets available on the EXCC network.

• The Ticket Fee refers to the rate that is mandatorily added to the ticket purchases as an incentive
 to encourage Proof-of-Work miners to add the ticket to a new block. The Ticket Fee is usually represented
as the EXCC/kB fee rate per ticket purchase. This means that for transactions of higher values, the user will
pay a higher fee. For example, the purchases made for solo staking tickets are valued at about 300 Bytes;
this indicates that a Ticket Fee will require 0.1 EXCC to be spent only when the ticket is added to a block.

• At lower Ticket Prices for a single Ticket Window, users can witness the formation of a market,
where multiple stakeholders will attempt to buy tickets before the window closes. However, if the
 Ticket Price  is not very low and the deal seems profitable, the default rate -  Ticket Fee of 0.001 EXCC/kB
 will be sufficient to be added to a block. If a ticket is selected for a vote, the wallet with the voting rights 16
must be online to cast a vote or the ticket will be recorded as a miss, and the user will not be rewarded for
that ticket. The stakepools offer a solution for users who cannot be online 24/7 to vote.

• The stakepools are used by the stakeholders to carry out transactions for ticket purchases that provide
stakepool voting rights for a user’s tickets. Voting can be done on the user’s behalf for a small fee (usually
less than 7%) paid for participation. This fee is charged to enable the maintenance of the three servers being
hosted to run the stakepool. Known as the Pool Fee, it is charged for the minimal PoS reward.



The Lifecycle of a Ticket


It is quite easy to buy tickets for the PoS. After purchase, the ticket on the mainnet (there are multiple para
meters for test net) will pass through different stages during its lifetime.


1. After purchasing a ticket through Exilibrium or the exccwallet, the individual transaction charge
for each purchase is expected to be Ticket Price + Ticket Fee.

2. The purchased ticket is added to the Mempool where it will be kept until it is mined by PoW miners.
A maximum of 20 new tickets are mined into the different blocks.

3. Blocks with a higher Ticket Fee for transactions are used for the high priority tickets. It should be noted that
the Ticket Fee is valued at EXCC per KB for each transaction. Some transaction sizes such as the solo ticket
purchase are 298 bytes, while others such as pool ticket purchases are 539 bytes.

4. A - This is for tickets mined into a block; it assumes the state of an immature ticket for 256 blocks
(approximately 10 hours). The immature tickets are not eligible for voting, and at this stage, the
ticket fee cannot be refunded.
    B - In the case where the users’ ticket is not mined, Ticket Price and Ticket Fee
are refunded to the account used for purchase.

5. At maturity (256 blocks), the ticket is added to the Ticket Pool where it can be used for voting.

6. The possibility of a ticket being selected for voting is dependent on a Poisson distribution, which
is done in an average of 14 days after which the ticket stands a 50% chance of being voted.
 
7. Regarding the size of the target pool (40960 tickets), randomly, the tickets have a 99.5% chance of voting
within a period of 71 days (approximately 2.3 months). It is expected that the ticket will be invalidated
if it is not voted within this time frame. Subsequently, a refund of the Ticket Price will be made.

8. In a situation where a ticket is unresponsive or when two valid blocks exist close to each other,
it may miss the call to vote. If this happens, the user will receive a refund valued at the original Ticket Price.

9. If a ticket is voted or missed/invalidated, the funds (price of a ticket and the subsidy,
 (excluding the fee) attain a maturity status for the next 256 blocks before it is released. In the case of
missed/invalidated tickets, the transaction will be revoked, and the locked ticket asset is released.


 Please Note: Only missed tickets can be submitted for a revocation, users are not permitted to
proceed with the revocation of a ticket until it has been recorded as missed.

Everything in the same place

https://bitcointalk.org/index.php?topic=5113974.new#new