With SEC rules coming down on CryptoCurrency and everyone involved, it’s important for everyone to Verify Residency. Also, it’s to protect traders on the exchange.
It is not only about SEC is also about the central banks and the governing policies of the country; take AML for example; that is to do with crime and finance. It is a whole regulatory organization building up now and not only limited to SEC. Right. And I think it's positive for crypto in future. It will help in keeping crypto clean and not like what we think it is. I mean crypto used by mafia mostly. It’s crypto for everyone. Mafia, gangsters, Silk Road, dark web, everyone. USD and most fiat are used for the same bruh. Why the focus on crypto alone? These existed before btc. They fear not having control over it. They can't be able to regulate it and see what is going on with cryptocurrency if they don't have control over it and the banks might also become useless if crypto is not regularised, that is just the fear of the government. I agree buddy, Because once it becomes more popular around the world and they don't have any control over it. It will really going to affect a lot to them. They can't monitor and have any access on the transactions I guess. |
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I'm thinking what if huobi or some other exchanges choose to use the Covalent features too? Do you think how secured everything is? It's like they have a x2 secured barrier for their exchanges.
Yes you’re right. It’s going to be revolutionary. Everyone would have to switch to Cova://. It’s no cost but secure. More security for Exchanges too, users data would be more secure than ever. Yeah! I can't really think how big it will going to be once they implented it. Cova is really a good and promising project that most of us and big people are waiting because of their ideas about the project. I think they have been doing all the right choices; I mean a massive exchange guaranteed, profs from Harvard, the partnership with stable coin. I think they are doing all the right things Agree, They really have done a lot of great achievements about the project developlemtns , progress and added a lot of good people to their team. This will become a very big project. |
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There's not much going on in their telegram channel either. Does anyone know what's going on?
But there were always a lot of conversations there.
I guess everyone is waiting for a big announcement. Something Exciting to make everyone ask question about the project, I think the team should come up with an Announcement. We were all waiting for the MVP so hoping that would be announced soon. From the talks with the admins in telgram the mvp was executed according to schedule my only guess for the delay is something to do with compliance? Yeah they said that it's really released on date of scheduled but didn't make it in public yet because of some problems. But I think it's also for the goods of everyone of us why they delayed it. |
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I have repeatedly met with this project on the Internet. This is widely known, and many experienced bloggers make feedback about it and say that the project will be successful. I can agree with them, the project is very promising.
Yeah im hoping that the project success because many people will get a benefit on it, like the company , the clients, since they can get a tachain token that can be exchange in other cryptocurrency, its a win-win trade to them. I don't think claims like that should be put out with a backing; I think they have done great signing up taxi drivers that is an important step; I think the next step would determine their ability to execute. Let us see. They seem to be confident with the money back deal which is alright if you ask me. Let us see how they execute. Yeah, Some of the people now really don't believe on their risk free investment which we can't really blame them thinking about it. Another if they will going to show more great updates it might change those people mind. |
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I'm thinking what if huobi or some other exchanges choose to use the Covalent features too? Do you think how secured everything is? It's like they have a x2 secured barrier for their exchanges.
Yes you’re right. It’s going to be revolutionary. Everyone would have to switch to Cova://. It’s no cost but secure. More security for Exchanges too, users data would be more secure than ever. Yeah! I can't really think how big it will going to be once they implented it. Cova is really a good and promising project that most of us and big people are waiting because of their ideas about the project. |
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There's not much going on in their telegram channel either. Does anyone know what's going on?
But there were always a lot of conversations there.
Yeah, I just got opened tonight and saw some things are happening there. Can't follow the discussions now but I think they are talking to some good news on their community chat now. |
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This will be great but having to wait 1 year to know if the project is worth sticking to or not, to me is a long time which I doubt many people will be willing to accept.
Yeah, It's really long and some people will going to feel something bad about it. But for me as long that they project is really doing good it will be a worth to wait project. |
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I think the market is beginning to bounce back once again, eth coming back up bit by bit
Maybe December is really looking like a good month already, but then BTMX ain't trading?
I have the feeling that the last two days were just a short-term increase. In my opinion, it will once again go really far down before the market starts again. But for safety's sake I already buy a few ETH today if I'm wrong. And if I'm right, then I'll buy more :-) Yeah, I wouldn't be too sure that the market has made a turnaround and is now rising again for longer. But yeah, we will see. I am just not soo optimistic. I don't think that the market has made a total turn around either. I see this as the expected market fluctuation before the market finally corrects. In all, we have to wait for a couple more days before celebrating. Celebrate wouldn't be the word that comes to mind should the market starts to turn around. When eth gets to $500 and above that's when celebration comes to mind. Nobody is actually looking for a new all Time high right now. Everybody is looking for a minimal rise that's all. If eth gets to 400 to 700 I would be very happy. Yeah, Even me I'm not hoping for another bull run this year, Just a good increase of Eth atleast more than $200 will be fine for me before the year end. I never said I wouldn’t be glad if Eth gets to $200 and above. Just that I wouldn’t pop out my party cap just yet  . I don't think there is any chance that ETH will go above 200 this year. And I don't think market will recover soon, now let's see what's left in 2019. With so many good things coming for Bitcoin such as Bakkt and Nasdaq bitcoin should show a bull move by beginning of 2019 soon. We just have to wait for the right time and hold our Asset tight! Yeah, There's still some good news are being announce and coming. For now the only things that we can do are keep holding and participating on different good project like here so once the bull started we will have a good comeback also. |
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I'm thinking what if huobi or some other exchanges choose to use the Covalent features too? Do you think how secured everything is? It's like they have a x2 secured barrier for their exchanges.
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I really do not understand the rationale behind the delay of the MVP
It's almost taking forever to release, I asked in the group and it seems postponed to an unknown date
Well, that's really sad. The ICO is running till the 21st of December. It would've been good to have the MVP as early as possible so that as many potential investors can try it out and so get convinced about the exchange and their investment. Exactly! Onam really had some superb chances of getting alot of Investment by showing their MVP as a progress so far! Investors really likes to see some development before investment! Is it possible that no MVP release before 21st December? And in case that happens, can it impact softcap? Since they said the mvp was supposed to be released before the ending of November last month. I believe it is just some little things that is keeping them back. I agree, They said they need to adjust it with a little more time and I think it will really going to be done before the year end. For me it's okay as long their mvp will going to run smoothly after they release it. |
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In fact, many ICO projects have promised to give investors a refund for a long time, but in the end they did not fulfill their promise!
Yeah, Most of the ICO projects are really like that, Promising a lot of things when they are starting then after the ICO when you ask the progress most of them are stop developing that's why we must really make our own research before making any action or investments. |
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Wow they just announced it last week that they will going to have some good updates this months and didn't expect that they will going to have another great news now. Great job team! Yea, saw that on their twitter page and they seem to have revamped their website, guess they have a whole lot going on at the moment and just like they stated, the community should expect a whole lot more, guess exciting times is about to hit the brand and they sure have a way of keeping the community from coming back for more Well ensuring Huobi is a huge step in its own and now the website. They have lined up several other updates as well. So we hope to see more great news. Also the strategy they adopted of no public sale is also quite interesting. Yeah, They really know which they will going to secure their spot on some good place. Having huobi on their side now will be good while we are waiting on the update atleast we're sure that we will see them on good exchange. |
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It’s good to know you can get free Onam tokens which you can use to trade on the exchange when launched by participating in the bounty. Yeah, there is a bounty going on and it should be a bounty0x
i never had idea onam is currently running any bounty campaign, can i get a link to their bounty campaign i would really want to get some decent token There has been a bounty campaign on Bounty0x ( https://beta.bounty0x.io/hosts/ONAM%20Exchange) but there are no active bounties currently. I think it is over now. yes you are right their bounty is already finished last week almost all bounty like telegram, twitter etc, at the bountyox, i am still happy that i did participated there for the last 7 days to be exact I participated in Onam bounty and have earned some tokens. Now waiting for ICO to finish. Onam being an exchange is expected to give some reruns. Let's see. That’s good to know. The market is helping and I think bounty hunters can help. Have the tokens you earned from the bounty been distributed? i dont know if they distributed already, but all i know that the distribution of the token from the bounty will be this december, i dont know the exact date of it, i hope they will distribute them to all the members who participated in their bounty For now the token is only tradable in ONAM right? or is it unlocked for trading elsewhere too? It is going to be an interesting to see which they would opt for; several other exchange limit their tokens to the exchange for volume. Yeah there is no use even if we get token today. We have to wait till listing date. So let Onam team focus on project more than distribution of bounty tokens. Agree, We don't need to hurry getting their tokens because for me it's better to think about the project developments and updates instead of how much we can get from their bounty. |
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To my knowledge their pretty far along I mean the app is just part of the overall project but it’s a big part getting the marketing network in place is what’s it’s important to really get in place
the app is kinda very important to the whole system i believe they need it for the efficiency of the platform and it will serve as an interface for getting access to the platform Yeah, Their app will really going to have a big part on their project I hope they will going to make some updates about it to us. I know they are working really hard for it. Hoping the best to them. |
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Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?
I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through. Yeah KYC's are really important. I hope the difficulties of kyc's will be depend on the person can do to their exchange for example if it's a whale they need to pass more documents unlike us small traders will have some not that difficult one. If I am not mistaken there is one in place. Did you try to register? I think most of the new exchanges require KYC because of where they are operating from; they need to conform to the guidelines of the country they are operating from. Not yet buddy, I still didn't try their kyc I'm just waiting for some people first feedback about passing it or not so I'll have an idea what will I do to have a high chance passing their kyc. |
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So from the token metrics, I understand that they will have their own blockchain in the future, that is mineable (?) Or what exactly are the block rewards for?
Yeah they are planning to have and build their own blockchain. I'm also confused on that part, I think we must ask the team on their telegram for clarification of it. Cova will really going to be one of the most interesting project! |
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I shall believe that the future of Trading on blockchain technology will surpass all that are not related to blockchain.
I would expect in few years time, a Blockchain technology based exchange that would pass on SEC rules and would allow trading of not just digital currencies but stocks. It should have an advantage to the older exchanges. This is a big task or vision and it all depends on if the blockchain is accepted as we all know the government don't support anything they cannot promote. Actually Government don't support anything they can't control. And blockchain is beyond anyones control! Hopefully they will soon realize the power of blockchain and give their support toward it! Yea, that's what they made the public to believe but behind close doors, government officials are the ones actually patronizing the industry, identities can not be tracked when it comes to blockchain, so they see it as a means to migrate funds without been traced, the whole thing is just bigger than any of us but i intend to see the industry put to good use Agree, One of the reason why they avoiding the blockchain is because they can't really have a chance to control it. They just want to manipulate it too like what are they doing to their government but I think it will be hard to do it here. |
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Naturally there is no 100 % solution for returning money or somekind of insurance in crypto (maybe only when will come options exchanges with special features to insure), but it's good that some attemps are appearing.
Yeah, It's really hard to believe some money back our investments here in crypto but I know that they don't really need to give back the investments because the project is really good I know it will going to be successful. |
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Wow they just announced it last week that they will going to have some good updates this months and didn't expect that they will going to have another great news now. Great job team! |
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It’s good to know you can get free Onam tokens which you can use to trade on the exchange when launched by participating in the bounty. Yeah, there is a bounty going on and it should be a bounty0x
i never had idea onam is currently running any bounty campaign, can i get a link to their bounty campaign i would really want to get some decent token There has been a bounty campaign on Bounty0x ( https://beta.bounty0x.io/hosts/ONAM%20Exchange) but there are no active bounties currently. I think it is over now. yes you are right their bounty is already finished last week almost all bounty like telegram, twitter etc, at the bountyox, i am still happy that i did participated there for the last 7 days to be exact I just missed it because I don't really like doing bounties on some bounty platforms. I hope they will going to have some bounty announcements for bitcointalk forum. |
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