Is there a possibility that there could be a change in launch of platform by any chance in the possible future? Are we sticking with the roadmap confidently
As long as team sticks to their roadmap and promises, its already good. Lets wait for the team to update about the progress. |
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I think KYC is becoming increasingly important for the blockchain and everyone seem to take it very seriously I just hope the process wouldn't be as tedious
Its not bad to have kyc. My only wish is that the team should not misuse the data. |
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Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?
I am also curious to know. Like some other said, lets give them time to the team. They will come with good news for us. |
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Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out. What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost? Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit If all the chinese mining needs to move to other area where it is allowed, it could be a nice opportunity for Minedblocks to get immediate clients. |
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As of now, I will go with Leger nano S even though it is having space problem for holding lots of different coins. But team said they are working on it and will get back with good options very soon. Keeping that in mind, Its Ledger nano S is the only choice for me.
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Feathercoin, Monero, Dogecoin, vertcoin, Ravencoin, Grin, AEON, ZENcash, Electroneum and Bitcoin Gold are just a few on our portfolio, but risk and ROI calculations will be made to decide on which is profitable.
Our monitoring algorithms will monitor potential Altcoin returns and trading volume in order to suggest potential coins for focus. Miners will be allocated to groups so as to not "over" allocate our resources to single activity.
This would mean you would be having more options and that would ensure you make profits. Also, you’ll be taking 5% for your team and 95% would be distributed to your token holders. I think you are a little confused here, the token distribution would of that as you describe but the distribution of the monthly revenue is as follows: - 75% To the token holders
- 10% Towards our Aggressive expansion growth
- 10% Towards operational costs
- 5% Towards our Token Buy Back scheme
Is that means, team will come under token holders? Its not clear how you place your own team. |
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I have studied the site well and made inquiries about fundraising in Vietnam, the project really deserves attention. Good luck!
Vietnam is the country which was not explored by many crypto projects till now. In that aspect, this project will get extra attention. |
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Would there be any form of mining rewards for your tokens or exchange?
I’ll like to know what I stand to gain by holding an exchange token knowing I don’t trade often. Would there be benefits shared to holders?
After December 31, 2019, We will convert 50% BCNX token into Security Tokens. Any user who holds BCNX Security Tokens can participate in the consensus process (POS) in Bcnex and be rewarded by the protocol itself for contributing to the security and stability of the network. In addition, BCNX token can use to get fees discount, trading and use in Bcnex ecosystem. Each quarter, we will use 20% of our profits to buy BCNX tokens and proceed to burn them, until we buy back 50% of the total amount of BCNX, which is 100 million (one hundred million). All acquisition transactions will be announced on the blockchain. We will continue to burn BCNX until there are only 100,000,000 BCNX on the market. For more information please watching closely in our Roadmap. why only 50% of the BCNX tokens will be converted into security tokens? Why not complete? |
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This would be only an entry into the market at a fraction of the cost to enable an instant return whilst the operation was modernised and expanded but at the fraction of the initial startup costs This is nice initiative. But still I did get where you exactly same of you start with existing solution in case of mining? [/quote] I'm sorry... I don't understand your question? [/quote] I guess his question is Why you want to start your mining with existing set-ups while mining equipments can be easily bought it or could easily be rented? |
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Thanks for sharing this video. I was looking for such things for long time now. This helps. |
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Looks like very interesting concept. I just want to know that this project doe's need KYC verification? And what is the minimum investment to take a part in ICO?
KYC is required. The minimum investment is 100 USD maximum is 5000 USD. Minimum investment of 100 USD is fine. Why even maximum is capped at 5K USD? This is new to me. |
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Because of this, i see how the project members response, im thinking about joining their campaign because of their activeness in answering of questions.
If the team is answering the questions irrespective of any channels, then it is the project to be part of. It shows they are serious and not just for money. |
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On the table right now is around $16m and our team is working hard to secure these, this will take time as a repertoire is built into these relationships.
With that amount you don't need to sell your tokens publicly  And you can easily start a decent and profitable mining operation. As I said it's what is on the table of negotiations, not secured at all... You guys asked for transparency  Atleast I understand clearly. Thats why I said, confirmed news/information is awaited from the team once thats confirmed. We believe in the project.So no worries. |
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KYC has become a trend these days irrespective of whether they keep their promise or not. Its like taking a chance. Most of the time its for nothing. Gambling at its best..
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I already signed up on some of the top exchanges as listed on coinmarketcap. Although, they are popular among newbies and older traders, there high trading fees means I’ll have to spend more on every transaction I make. What’s your trading fees for makers and takers?
The Bcnex trading fees is 0.15% per transaction, but when using BCNX to pay fees, you will receive 75% discount in the first year. That means you only pay 0.0375% trading fees per transaction. The transaction fee is quite competitive, owing to the fact that most trading platforms, transactions fees are between 0.20% and 0.30%. With a cheaper transaction fee, more traders will love to join BCNEX Yea but some exchanges can charge ridiculous fees, i just recently made a transaction on one of the exchanges and they charged 200 plus of the token that i was about to withdraw which to me is ridiculously high, i think that's a loophole that this team needs to exploit and use to gain more users to their platform, its all about been creative The fee structure looks competitive. But I prefer to have either very cheap fees or almost nothing. This will improve volume and exchange can earn in different way. |
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You said that you are in talks with some investment funds now after you won that challenge as the best upcoming mining project. Can you disclose at what prices these institutional investors can buy their tokens? I guess they will get a good discount if they risk a bigger sum but does this also mean that their tokens will have a vesting period (is something like that even possible with security tokens?)?
I was about to ask the same question. In the updates above, private investors update is missing. I guess, its not yet finalized.. Looking forward for that news.. |
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A good percentage of profits made by mining companies comes from BTC rewards for miners. What’s your thoughts on talks about bitcoin rewards halting ?
Around 50% will be bitcoin focussed, the rest will be GPU miners for alt coins and Eth. They will halve in a year or so but the theory is that puts the price up I agree. ETH is also equally popular and it will stay as is for the timebeing. Lots of new platforms coming up but it will take time. |
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I met both BCNEX management and Dev Teams, seems very solid project, I heard that they gonna have some private meetups with Singapore investors in April, hopefully it will go well. By the way, Vietnamese Announcement Thread has been completed. Guys, please have a check: https://bitcoingarden.org/forum/index.php?topic=69193After long gap, I am hearing positive note about the budding exchange. I really wish them sticking to their promises and words and establish a very good trustworthy exchange in the end. |
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As soon as I entered into this thread, the first thing I captured was successful angel funding of 1 mil. Seems like good exchange to be part of. I will look into the details very soon and come back with my questions.
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