I've just signed up to Bitmax to take part in the sweepstakes program. What a great idea and a nice incentive to encourage more users to sign up and deposit funds. I'm going to try and get the required 100 points so I can redeem and play!
Yea, i saw that on their twitter and that's some pretty decent prize to be won, one thing that fascinates me is that, the least prize is BMTX tokens and the highest is in BTC, it means that they are not selfish but instead want to encourage more of the community members to participate in the program which i believe will attract a lot of people It would be fun to earn points while you trade. And later exchange that for a reward when your in top 5. Now the lest payments are given out in btc, eth, ltc, USDT, elf, zil, lba or iost, randomly picked. You can checkout the update on sweepstakes right here on Bitmax medium; https://medium.com/@support_2385/dear-bitmax-io-234c3edf556dI did not join in yet tbh...It seems there are many opinions on this...some are for and some are against. I know for some who have the most points basically earn the most not sure what is the deal with the rest. anyone here is taking part of the campaign? |
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lol I actually thought there was some updates when I saw the post. Half way I realized I read all of that. I think a quick search would result in that information mate. You could also check their telegram account the admins are quite active. |
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the personal data we input on the Internet is being stored, abused and sold for money every second.
this has became an business for big companies! selling off our data to earn profit is really a ugly thing!
we need a prevention for this if not cure! and COVA is the Perfect ever prevention we all can ever hope for!
On COVA smart internet, you can sell your personal data. You can define how long big companies has access to your personal data and how much of it. This project is a big one. It has become very important lately with the recent interest of big companies on statistics which is useful in making the analysis on best product and services for an particular community. I guess that’s the reason for ICO by COVA team. Well they got several investors onboard and that should mean something. Usually it is not easy landing investors at an early stage. I think what really helped is the team's background and the testnet they have in place. |
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I really hope the timing lines up for the miner purchase so that it coincides with some new ASIC's that would be a huge win for the team if they can get in early with new asics, but who knows bitmain always plays their future plans close to their chest, i guess thats a good reason that securix is going to wait to last minute to make any decisions on which miners to get
as they are gonna buy mining rigs worths millions in dollars they really should consider getting in partnership with any companies! that way they'll have the benefits of best product with a good deal meanwhile 24hour support with a easy replacement gurantee if theres any problem with them! I assume that if you buy hardware from a supplier for several million dollars, you will get special conditions and exclusive support. The only problem could be that the manufacturer is in Asia and a short-time replacement is difficult. That is a given yes. However they did not mention a specific machinery though so I think most of the community members are looking forward to that news. When that decision is made I think it is easy thing to land deals. |
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LOL At least i'm not the only one thats noticed that people don't understand the basic concepts of business in most cases let alone a blockchain business, people jump to conclusions far to quickly and expect instant returns and instant results, but thats not how real businesses work
yeah! a investor really need to have a quality of researching a project and having patience the whole time. development takes time meanwhile getting response from customers. if you want to investment in a project that means you are supporting it with a vow to remain supportive the whole time! true but at the same time one should not assume that everyone understands business. That is why there is a PR and a community manager to relax all the fud and misunderstanding that might happen. I think it is the team's as well as the community's responsibility to ensure that. |
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People who invest during ICO's and then freak when the exchange price is lower don't get how discounts work, if a project gives a 50% bonus and sells for 1$ it isn't a loss if it shows up on exchange for 0.50 after "dump" because technically you got a 50% discount in the form of bonus tokens something oft overlooked,
The fact is, a lot of investors don't understand the rudiments involved in investing in blockchain projects, they just daydream about hitting millions overnight and just invest, that's the major reason why they should understand how things work, such individuals are the ones messing up the market because they believe that every dump is the end of that project It may look cheeky and some investors may not know what to make off the MONEY BUY BACK. But TACHAIN team made a great option for investors there. With this available, dumping of TAChain tokens would be reduced. Holders of the tokens would be investors who aren’t here for quick profit. But that does not solve the problem of too much supply in comparison to demand. Bonuses are great but I honestly don't fancy the 50% discounts. I mean for one how much did the private investors get if the normal investors can get 50%? |
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Congratulations for reaching your softcap in the current market condition this is a feat, I have known some ICO that failed miserably to reach the softcap even if they are promoted for over 8 months, the investors see something here that generate their trust, hope everything goes well.
reaching softcap truly is a great feat, it shows the level of commitment the team has dedicated to the achievement of their set goals, they should release the Android version of their app as soon as possible How much has been raised so far. I could not keep up with their updates as of late. I am guessing they have passed the soft cap with a good chuck given they have been talking to different investors between the US and Dubai. Amazing is there an article available on their progress with the investors? i noticed they keep the community updated and that is a very good thing from the team. They are quite active in Telegram for sure and Jacobus is constantly emailing the community. If you want to keep up with their updates and can't keep track of Telegram that is what I would advise you to do. Well that is what I am doing now anyway. |
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COVA project is great no doubt. The concept of a safe internet is unique and we can see that it’s use by everyone on the internet would be overwhelming once it’s launched.
It’s a bit on the technical side I must comment because it’s a new concept.
I am certainly not the only one anticipating your testnet release. That should give more idea of a smart internet.
I agree they really have a very great idea about changing ang making the internet smarter. This kind of project is really what most of the people looking for. It is a different idea that is for sure but it is going to be a somewhat bumpy ride ahead. Since adoption requires convincing. From my understand whom ever wants to use them needs to move to cova:// only then that the policy will apply. |
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because I'm having this problem on another Exchange (which I will not use after the launch of Onam):
What about the deposit speed? At the moment I'm waiting 30 minutes for ETH to appear in my Exchange wallet
30 minutes?  For real mate? What exchange is that? That's freaking slow. Almost equivalent to a whole day is you ask me..   those guys really need to do a lot of work on their platform menh... They ought to man! I haven't waited this long for a deposit on an exchange, I'm sure Onam wouldn't entertain such lapses. Where you guys seen this updates? I couldn't found anything relevant speed if they mentioned at anywhere. I don't think so Onam will take that much time to transfer fund on exchange. Delay in Depositing is really a huge problem! But the main problem is in ETH network this day, it takes plenty of time to reach the required confirmation level! But exchanges takes hilarious amount time adding in our account. Onam should have a different team to monitor this types of stuff! So what causing this delay? And how or who can solve it? Is it exchange? Is it ETH network? Or both are equally responsible? I think the delay is very well justifiable I mean for one you need to make sure that the blocks are confirmed to start trading. But once the tokens are in the exchange it is usually fast from there. Prior to that I honestly don't expect it to speed up since it is logical to be certain that the tokens are staying. |
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Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this I have read about this campaign sometime back I am not sure if it is the same one or a new one. I think it was a month ago that I saw their posting in Reddit about the campaign so I am guessing it is the same one given the points you see. |
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That's the thing i don't understand what the money back guarantee applies to. Is it for the token sale period or for other aspect we don't know of.
My interpretation is that we can now buy tokens at the ICO and if the project does not succeed and the value of the tokens fall, then we can reclaim our investment Well, as you said, it's your interpretation which can be totally different from the team's interpretation. The best the team could do is to send an easy and concise message which does not end up confusing the community even further. I don't think that that is the case it would not make sense having that policy in place. As stated I think it is best to clarify with the team then have ones own conclusions. What is their updates as of late anyway? I think all questions will be put at rest once y'all pay a visit to their telegram group, they've got active admin in there. Just saying it would also be good to have the information circulating in here as well. I currently can't access Telegram only through a VPN and that kinda slows things for but not an excuse I know.... |
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Congratulations for reaching your softcap in the current market condition this is a feat, I have known some ICO that failed miserably to reach the softcap even if they are promoted for over 8 months, the investors see something here that generate their trust, hope everything goes well.
reaching softcap truly is a great feat, it shows the level of commitment the team has dedicated to the achievement of their set goals, they should release the Android version of their app as soon as possible How much has been raised so far. I could not keep up with their updates as of late. I am guessing they have passed the soft cap with a good chuck given they have been talking to different investors between the US and Dubai. I like the pace of the team. They’re ahead of the roadmap although am yet to see the a major ANN from the team. Also what’s the update on the Token sale? Tokensale is currently ongoing and its moving smoothly I don't know the exact tokensale progress I guess to check on the group for more information From what I've been hearing they went beyond the soft cap but not sure how much above. The more they get the more machines they will be able to install. So just curious on that front. |
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COVA team would need to do more advertising and Promotion Campaigns.
A smart internet isn’t a Lay term. Not every Harry would understand how a smart internet works. YouTube and AMA session and Blockchain conferences would help out.
That's what I asked the same question on previous page. I totally agree with you. If they want to catch more investors or investment here so they should be provide more details about Cova. yeah, i totally agree with you guys, they can start by increasing the rate at which they release content on all their social platforms then they can organize AMAs and meetups. hopefully more investors will get to know them In terms of releasing contents they can start by issuing out weekly articles given a run down as to how the week went. I think the content would only matter if they make sense to the community? I mean they can go all out publishing random stuff but ultimately would make useful information hidden once released. It would be like "oh just another publication" if that makes any sense. |
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COVA is already trading somewhere? Are you sure? Couldn't find it on CMC. On which exchange is it trading?
My bad I was mistaken it with COVAL on CMC, I thought it was COVA When is the start of the ICO? No problem, there are so many different tokens on CMC. Easy to mix them up They haven't finalized their plans for the token sale. This is what is written in their Telegram group: "Note: there is no active token sale for COVA at this time. Once details for the token sale are finalized, we will announce them here." It seems like they had an Airdrop some time ago (I missed it, just saw that some people talked about them in Telegram) which isn't distributed yet. Wow I have to follow up the chat in the group so I don't miss out on information Kindly help out with group link.. COVA tokensale makes it at the top of the list for me Thank you for sharing that; I was just about to hop there; It is not easy for me to use Telegram these days since it has to be through a VPN...Anyways thank you for sharing those details. At least now we know that there is no exchange. |
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That's the thing i don't understand what the money back guarantee applies to. Is it for the token sale period or for other aspect we don't know of.
My interpretation is that we can now buy tokens at the ICO and if the project does not succeed and the value of the tokens fall, then we can reclaim our investment Well, as you said, it's your interpretation which can be totally different from the team's interpretation. The best the team could do is to send an easy and concise message which does not end up confusing the community even further. I don't think that that is the case it would not make sense having that policy in place. As stated I think it is best to clarify with the team then have ones own conclusions. What is their updates as of late anyway? |
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Congratulations for reaching your softcap in the current market condition this is a feat, I have known some ICO that failed miserably to reach the softcap even if they are promoted for over 8 months, the investors see something here that generate their trust, hope everything goes well.
reaching softcap truly is a great feat, it shows the level of commitment the team has dedicated to the achievement of their set goals, they should release the Android version of their app as soon as possible How much has been raised so far. I could not keep up with their updates as of late. I am guessing they have passed the soft cap with a good chuck given they have been talking to different investors between the US and Dubai. |
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They have not yet fixed a date yet. We might have to wait for a while before we get to see an announcement for the ico but I think now they are focused ib development or they might have gotten funds from institutional investors.
A start before Christmas would be nice, then I could give my family members, who are enthusiastic for crypto currencies, a few tokens for Christmas:-) I doubt that they will start a token sale before Christmas or even in 2018. They haven't decided a date yet and imho every starting date in 2018 would be too short notice. Projects need to build up some 'hype' before the ICO, so they better announce the starting date months ahead. I thought COVA is already trading and didn't an ICO. This feels like a good news to me, the possibility of being part of a big deal as this excites me a lot COVA is already trading somewhere? Are you sure? Couldn't find it on CMC. On which exchange is it trading? First time me hearing about this. I know they have a testnet but did not know they are trading. The ico is still ongoing right? For the institutional investors I think they already got FGB and the likes. |
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Unsold tokens will all be burnt. If they reach the hardcap, the max supply will be 300 million. When the softcap is reached, around 50 Million tokens were sold.
Well, the fewer tokens there are, the more my value will be :-) Because I am convinced that Onam will be a successful Exchange. Maybe one of the Top10 Exchanges at the end of next year I think that is very optimistic; they have a different focus and the compliance part which may lead them to partners with governmental entities however I think it is going to be a longer journey. As there are top exchange which are built on fake numbers. At start they need funds to support their platform. So I don't mind if they reach hardcap and manage to sell all tokens. And then tokens count will go down once they start the buyback program. I saw the discussion at telegram channel, admin made it clear that their focus is on providing quality service for now and then profit. I liked this approach. I think the team knows what they are doing. I have talking to them about some technical matter and they basically answered how I was hoping they would. From my understanding they are planning a solid infrastructure and for that they opted fo AWS. |
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BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.
what do you mean trading at 4.45x in ETH? From what I am seeing it seem the price is the same what am I missing? You mean the price of BTMX token or ETH? |
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In this case the Bitmax token would be used for the reversing process. Do I understand that the total pool is fixed? Pre minted?
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