Never said that it's the same  PR is a continuous process. Marketing campaigns will boost the media awareness for a short time and this certainly is a good tool for the upcoming ICO. But if people had heard positive things about STeX before, the marketing efforts would've more of an effect. Well, I just hope that STeX has a plan in place, crypto space gets more and more crowded with exchanges and it would be a shame if STeX with its awesome features gets overlooked. |
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So far they never needed to do PR, since the presale sold out without any big PR campaign. Now, as I understood they will start a PR campaign for the ICO in March, so hopefully that will bring more people in contact with this project. Like said above; the liquidity pool is important!
Well, when exactly do you 'need to do PR'? As I see it, PR shouldn't be a tool or a switch that you turn on an off, it's the act of keeping good relationships between an organization and the general public. Only because a product is sold out (or an ICO goal achieved) doesn't mean that there is a good connection between organization and public or that the public is well informed. Furthermore, all who didn't invest in the ICO are being left out and keep on looking for other projects. But the Exchange needs liquidity and liquidity comes through people who use it or who take part in the next ICO. Also, the PreICO was sold out, yes, but not the ICO. So, I beg to differ, PR would help the project in the long run |
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Update:Der PreSale wurde vor 2 Tagen erfolgreich beendet und alle Teilnehmer haben ihre BIRDs erhalten! Ab nun ist das Whitelisting für die folgende ICO verfügbar.
Hier gehts zu Birdchain
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You got the big picture right, but there is one more thing where we need the liquidity pool to be - as a main market maker on STeX itself, providing bigger liquidity right here and now, backed with aggregated amounts. So, it's all about bigger liquidity at better rates in all the coins.
I thought that this was implied as the 10,000+ cross rates were mentioned. Without the liquidity pool, those wouldn't be possible >> the bigger the pool, the more coins/tokens/cross rates can be supported and maintained (as OTC trading isn't an option here). |
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i agree with you, funny thing is this - check this site: https://substratum.net/our-team/ Dan Wiebe is Technical Lead and by far the most knowledge guy from his LinkedIn account. the CTO has has very few stuff there, but Dan is a very good person with lots of stuff and connections [...] anyway, the idea of the projects looks very promising but so far we dont have any proof at all that they can do it (consider the previous part where Dan said they dont have a working program to test at all, so the december demo is clear fake) ps. ignorance is a bliss You are right, this is my bad, I should have phrased this differently. But I don't ignore things, I only try to not overreact, one way or the other. Ask yourself this: Why would Dan actively contradict Justin or his company for that matter. He may have meant that they now have no working network to test or that they can't test their newest ideas or that they currently (as he phrased it) have no way to check if things work out as they think they will. As in 'we currently can't test the network because we don't have the nodes active like in the Alpha Test', the point is you don't know, as you don't work there. That said, I think that it is always important to question things and that a community's responsibility is in part to check if a company stays on track. And a company can use his community and listen to what's going on resp. how they are perceived in public. That's why I appreciate their decision to give us weekly updates, starting tomorrow. While I value this decision I'll also continue to look at those updates as only 'news'. I keep waiting for some public testing. |
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I'm just super excited for March, can't wait! Gonna be a nice birthday gift seeing STeX launch
Many projects before the ICO began,telegram group have tens of thousands people, twitter and Facebook has tens of thousands of people concerned. STEX has done very little in terms of publicity ，I hope that the promotion can be done as soon as possible so that the ICO can proceed smoothly and the exchange can get everyone's approval. Yea, as I scroll through this post I noticed many people voicing their concerns about that. Therefore it would be good if @Ivan [STeX] or someone else from the team could say some words regarding this. Or better yet, give a sneak peek at what will come in terms of marketing and social media campaigns. And as I mentioned in my previous post, the Twitter channel could already be put to better use. |
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One thing I think people are missing is the fact that since you get the best rates from cross exchanges you could potentially be arbitraging easy by buying from STeX and selling to the higher priced exchange
Well, one idea for the STeX algorithms - as I understood it - is generating arbitrage. This could very well be achieved through the liquidity pool (I think Arbidex does something similar). If you'd try that by yourself, without the STeX liquidity pool, this can very well go wrong, because of transaction time and confirmation policies on the different exchanges. In fact, the time you are loosing by transferring your assets from one exchange to the other is one of the STeX Exchange selling points |
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I think one of the major things that should be clear when doing the PR is why they need another ICO to raise additional funds. Otherwise people will just complain about why a project needs money when the product is already developed. They should make clear that it is required for the liquidity fund and how this will benefit the traders of the platform and that it will give even more benefits to the users Yes, this is an important information to share beforehand but I'd like to see some regular form of development update. It doesn't need to be daily or weekly, but once a month would be appreciated (and at a certain stage necessary). Silence is never a good sign, especially if you missed your expected goals. You need to be in touch with the people that you fund your project. It can be on your own terms but it needs to happen. The Twitter channel, for example, it is active, true, but 99% of the information that is tweeted has nothing to do with the project. STeX Exchange is no crypto-news-channel but that is exactly whats happening the last couple of weeks. I for one don't retweet those tweets because they are all from other sources. I'd like to have a unique source that is informing about the awesome steps the STeX team is making, about features of the exchange, reminders why the project is important and relevant, what people can expect etc. That's something I'd retweet with pleasure. |
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This is one of the main drawbacks of this project, the lack of a working registration process with an account.
Sure, you can make a huge marketing campaign when the exchange launches. But that way you miss all the registrations you could've had before actually having a working product. If people already have an account, they are far more likely to try a product.
Every hurdle should be avoided and the easier it is for someone to actually use the exchange the better - having already an account is a huge plus. Especially considering the fact that there are so many new exchanges that launched over the last 2 months. All this time we could've already referred users to STeX so that they create an account. + If they'd had a registration with an email address, the STeX team would have an additional media channel for their product launch.
That is a huge oversight in my opinion. Every week counts.
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Why would anybody delete anything, what is this nonsense you're talking about? He even keeps on explaining things. Wait for releases, be patient. If a dev talks on twitter about his work, his part of a project, he doesn't necessarily have all the information of the whole project. That's the purpose of a Lead Developer or a Project Manager. Jesus.
It's so sad to see how people bicker about whether it's a working Alpha 2 or not. It's totally irrelevant how you call it. If they are ready to show it to the public they will. Most devs are proud of their work and therefore eager to show it. But I'm so relieved that Substratum doesn't rush things because I'd bet my last shirt on it that if they'd presented a working POC with some bugs, the internet would've gone crazy and blamed them for not having a perfect product.
Be patient, don't force things and wait for news from the Lead Developer. Either you trust them, then just wait and judge them when you actually tested their product or you don't trust them, then (re)search another project and invest your time and money there.
I don't say that you shouldn't be cautious or skeptical when it comes to such projects but negativity serves no one, not even those who just want to make a quick buck. If a small team has to invest half of their time each day to explain their actions or worse DEFEND them, then they can't work let alone work in a healthy environment. The expected consequences are fewer info and a team that shuts itself off from their community...
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where is the new army of greater fools ?
They are still studying in the school   My thought exactly!  The market cap has much room to grow and once the recent dip has been accepted, there also could be a new wave because the cycles should be way shorter, now that media attention is a factor. |
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Ok I've looked into this more. It's completely privately funded, there's no ICO.
What's the point in starting a thread if no ones actually able to invest in it!!
This "accredited investor" BS needs to stop.
there was no such information Ok, but is there any information regarding investments (either privately or any specs ICO-wise)? Will there be an official website? The project itself sounds interesting even though I'll need to read the whitepaper again when there is more time since it's pretty technical. |
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Update:Der PreSale ist in den letzten Zügen, nur noch 6 ETH bis close, danach erlischt das Bonus-Angebot und der PreSale wird mit dem erreichten Hardcap beendet!
Hier gehts zu Birdchain
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Budget for level A: Category | OTC | ~Value | Share
-----------------------------------------------------
Community managers 250 000 $65 000 12%
Video review 650 000 $169 000 32%
Signature TBA TBA
Medium.com 50 000 $13 000 3%
Telegram 150 000 $26 000 5%
LinkedIN 100 000 $26 000 5%
Facebook 50 000 $13 000 3%
Twitter 100 000 $26 000 5%
Blogs / Articles 200 000 $52 000 10%
Forbes & PR 100 000 $26 000 5%
Translate ANN 100 000 $26 000 5%
Reserve bounty 250 000 $65 000 12%
----------------------------------------------------
2 000 000 $520 000 100%
Am I getting it right that you allocate 3% to the signature campaign? Is this an error? Because summing up every other campaigns from category A results in 97% allocated county out of 2,000,000 OTC. So that means 60,000OTC for all signature participants or $15,600. For lets say 100 participants this would equal to $156 for ALL weeks. Please have a look at that. Thanks in advance. It will be added from the "Reserve bounty" 250 000 OTC that is 12% plus the 3% that you mentioned. Thanks a lot for the answer, that was a bit confusing and it was a logical assumption since your other bounties from category A like Twitter and Facebook aren't that high either. But thanks for clarifying. |
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Well, I don't think you can learn trading theoretically. You can read about it as much as you can so you know the technicalities (like stop loss orders, orderbook movements, etc.) but evetually you have to start trading with your own money to feel it and gain experience. Losses are inevitable in this game, and the best way to become a better trader is to learn from your own mistakes. That said, I saw somewhere that there will be some default strategies on STeX exchange to choose from, so new traders will have easy start.
True, that's why I said 'try to learn as much as you can before actually investing money' I saw so many people jump in the crypto market and investing money before even understanding how an exchange really works and what they are trading there. They tried to extrapolate from their 1-2 weeks of 'bitcoin-trading'. There is no shame in trading on demo markets before investing real money. In fact, a really good indicator for the question whether or not someone is ready to invest his own money is the degree of restlessness and fomo he feels. If he fears that he misses out on too much and that he should invest right this instant, then he is not ready. In crypto, if you lose your cool, you lose money. Don't jump into things and don't rush it. Therefore using the default strategies of STeX and learning by observing what happens is indeed a good way for beginners |
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Der 43%-Bonus läuft in ~3h aus und das Projekt steht mittlerweile kurz vor den ersten 300ETH, der PreSale ist bereits jetzt über Plan und die Zeichen stehen gut für die spätere ICO!
Hier gehts zu Birdchain
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I like your train of thought Although, we need to keep in mind that while this might be nice to look at, if there comes the time when BTC swings from 100k to 20k, oh boy, that this will result in carnage on the streets  |
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Budget for level A: Category | OTC | ~Value | Share
-----------------------------------------------------
Community managers 250 000 $65 000 12%
Video review 650 000 $169 000 32%
Signature TBA TBA
Medium.com 50 000 $13 000 3%
Telegram 150 000 $26 000 5%
LinkedIN 100 000 $26 000 5%
Facebook 50 000 $13 000 3%
Twitter 100 000 $26 000 5%
Blogs / Articles 200 000 $52 000 10%
Forbes & PR 100 000 $26 000 5%
Translate ANN 100 000 $26 000 5%
Reserve bounty 250 000 $65 000 12%
----------------------------------------------------
2 000 000 $520 000 100%
Am I getting it right that you allocate 3% to the signature campaign? Is this an error? Because summing up every other campaigns from category A results in 97% allocated county out of 2,000,000 OTC. So that means 60,000OTC for all signature participants or $15,600. For lets say 100 participants this would equal to $156 for ALL weeks. Please have a look at that. Thanks in advance. |
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