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701  Local / 中文 (Chinese) / Re: 796交易所内测正式开启! on: June 15, 2013, 04:02:52 AM
下周我们将会起用新功能“一键撤单”以方便投资者操作,谢谢!
702  Local / 中文 (Chinese) / Re: 796交易所内测正式开启! on: June 14, 2013, 03:11:37 AM
回楼上,这是以前我们公司的项目,这里就不多说了,但相信会有不少朋友知道我们!!!
703  Economy / Service Discussion / A progressive Bitcoin futures exchange on: June 14, 2013, 03:01:43 AM
A progressive Bitcoin futures exchange
https://796.com

796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

Though it’s just a few days from June 9th, the volume of Bitcoin deposit and trading has surprised us. We really appreciate your trust and support and we will do better. From now on, not only deposit and referral will get you rewarded with stocks, but also the 10 highest volume traders will be rewarded. Here you may find more details: https://796.com/news/detail/10.html

BTC Futures Guidance:

796 Exchange has improved its BTC futures quite a bit comparing to the ordinary futures. Rules are set up to accommodate Bitcoin’s characteristics and market demand. We have enriched Bitcoin investment channels by providing users with two-way leveraged trading services.

796 Exchange applies floating leverage on BTC futures. Taking BTC as collateral and provide margin trading, when Bitcoin price at $100, buying long corresponds to a 2 times leverage while selling short corresponds to a 4 times leverage. If Bitcoin price exceeds $100, the leverage will be enlarged and when Bitcoin price is less than $100, the leverage will be shrunken.

Margin deposit required for buying long is 50% of the Bitcoin investing in the captioned transaction, and 25% for selling short. Every $1 change in BTC price reflects 0.01 BTC profit or loss. When loss of a transaction reaches 98% of the deposit, the contract will be terminated and settled. (equivalent to $49 drop when buying long and $24.5 rise when selling short).

For more details, please check “help” at: https://796.com/help.html?lang=en

IF you have any advice, please do not hesitate to contact us through online service.
704  Economy / Securities / A progressive Bitcoin futures exchange on: June 14, 2013, 03:00:34 AM
A progressive Bitcoin futures exchange
https://796.com

796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

Though it’s just a few days from June 9th, the volume of Bitcoin deposit and trading has surprised us. We really appreciate your trust and support and we will do better. From now on, not only deposit and referral will get you rewarded with stocks, but also the 10 highest volume traders will be rewarded. Here you may find more details: https://796.com/news/detail/10.html

BTC Futures Guidance:

796 Exchange has improved its BTC futures quite a bit comparing to the ordinary futures. Rules are set up to accommodate Bitcoin’s characteristics and market demand. We have enriched Bitcoin investment channels by providing users with two-way leveraged trading services.

796 Exchange applies floating leverage on BTC futures. Taking BTC as collateral and provide margin trading, when Bitcoin price at $100, buying long corresponds to a 2 times leverage while selling short corresponds to a 4 times leverage. If Bitcoin price exceeds $100, the leverage will be enlarged and when Bitcoin price is less than $100, the leverage will be shrunken.

Margin deposit required for buying long is 50% of the Bitcoin investing in the captioned transaction, and 25% for selling short. Every $1 change in BTC price reflects 0.01 BTC profit or loss. When loss of a transaction reaches 98% of the deposit, the contract will be terminated and settled. (equivalent to $49 drop when buying long and $24.5 rise when selling short).

For more details, please check “help” at: https://796.com/help.html?lang=en

IF you have any advice, please do not hesitate to contact us through online service.



705  Economy / Service Announcements / A progressive Bitcoin futures exchange: 796 Exchange on: June 14, 2013, 02:16:50 AM
A progressive Bitcoin futures exchange
https://796.com

796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

Though it’s just a few days from June 9th, the volume of Bitcoin deposit and trading has surprised us. We really appreciate your trust and support and we will do better. From now on, not only deposit and referral will get you rewarded with stocks, but also the 10 highest volume traders will be rewarded. Here you may find more details: https://796.com/news/detail/10.html

BTC Futures Guidance:

796 Exchange has improved its BTC futures quite a bit comparing to the ordinary futures. Rules are set up to accommodate Bitcoin’s characteristics and market demand. We have enriched Bitcoin investment channels by providing users with two-way leveraged trading services.

796 Exchange applies floating leverage on BTC futures. Taking BTC as collateral and provide margin trading, when Bitcoin price at $100, buying long corresponds to a 2 times leverage while selling short corresponds to a 4 times leverage. If Bitcoin price exceeds $100, the leverage will be enlarged and when Bitcoin price is less than $100, the leverage will be shrunken.

Margin deposit required for buying long is 50% of the Bitcoin investing in the captioned transaction, and 25% for selling short. Every $1 change in BTC price reflects 0.01 BTC profit or loss. When loss of a transaction reaches 98% of the deposit, the contract will be terminated and settled. (equivalent to $49 drop when buying long and $24.5 rise when selling short).

For more details, please check “help” at: https://796.com/help.html?lang=en

IF you have any advice, please do not hesitate to contact us through online service.



706  Economy / Services / Re: rewards for new friends on the site on: June 14, 2013, 01:48:25 AM
This thread confuses me. I have absolutely no idea what it's about. At all.
Thanks for your concern.
Our site provides a platform for leveraged buying and short selling of btc.
Now we are in beta test and we have rewards for our members:
1. you will be rewarded stocks for btc deposit
2. invite your friend to deposit and get stocks reward
There is more information here:
https://796.com/news/detail/8.html
If you have any more question, you may also contact our online service
We work from 9am to 6pm(GMT+8).
Have a nice day.
707  Economy / Economics / Re: bitcoin exchange more profitable and easier on: June 14, 2013, 01:34:57 AM
Your website url ?

Thanks for your concern.
You could visit at: https://796.com
Have a great day.
708  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:46:15 AM
796, I was looking at the futures trading of the site and it leaves something to be desired and I'm a little confused.

What is the date of expiration of the futures contracts and is there only one kind?
Usually (in the non btc futures markets), we have very specific terms and conditions for futures contracts, I could not find those published anywhere.

If I'm understanding what I'm looking at correctly, this isn't really "futures" in the traditional sense. You are actually just providing a platform for leveraged buying and short selling of btc, correct?

So, as an example,  if I put up 1 btc, I can buy 2btc @ mkt, (let's say $110) and if the price goes up to $120 I make $10 x $2 = $20, but if the price goes down to $100, I lose $20.

And the same for short selling, except with more leverage, so if I put up 1btc, I can sell 4 btc @mkt (let's say $110) and if the price goes down to $100 I make $10 x 4 = $40, but if the price goes up to $120, I lose $40.

Are these examples correct? And, is there no limit to how long you can hold the position as long as "P/L ratio does not fall below minus 98%".
Thanks so much for your attention to us.
You are kinda of right on it.
Let's say like this:
If you buy 2 BTC at the price of $110, you will need 1 BTC as margin, which means you hold a 2 BTC long position. If the price goes up to $120, you will make(120 - 110)/ 100  = 0.1BTC. the “100” is a set factor.
If the price goes down to $100, you will lose (100 - 110)/ 100 = -0.1BTC.
Conversely for the sell short case.
All the positions will be settled at the end of the month, except this there will be no limit
If you have any more questions, please do not hesitate to contact us.
You may also access to our online service between (GMT+8)9am to 6pm.
wish you every success.
709  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:39:36 AM
Yeah, you are not using a EV cert.


Are you using the MtGox trademark with permission?



thanks for your reply to us.
We use the logo of Mt. Gox just to indicate that the price information behind the logo is quoted from Mt. Gox. It’s just like many other Bitcoin related sites quote the market data from Mt. Gox.
Besides, on the last business day of each month, we cease trading from 23:45pm to 24pm, during which suspend trading will be executed at the average price showed on Mt. Gox website at 23:50. And all the orders will be settled at that price and all pending orders will not be affected.


I don't think you are allowed to used the logo. Besides it looks like a scam with that mt.gox logo on top.
thanks for your advice.
We put the logo of Mt. Gox on the top the page in the aim of offering our members as a reference. Since we deal with futures while Mt. Gox deals with spot goods. The price of futures cannot do without spot good’s.
But we really appreciate your advice and we will do some change as soon as possible.
have a great day.
710  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:29:48 AM
Well i just checked CR number, it's correct and company is registered on 23rd MAY.

Your Search: CR No.: = 1911752
CR No.:    1911752
Company Name:    796 Xchange Limited
796網絡交易有限公司
Company Type:    Local Company
Date of Incorporation:    23-MAY-2013
Company Status:    Private
Active Status:    Live
Remarks:    -
Winding Up Mode:    -
Date of Dissolution:    -
Register of Charges:    Unavailable
Important Note:



thanks for your time. Tongue
have a great day.
711  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:26:50 AM
It would be a good idea to post the website URL.

thanks for your advice.
you may visit: https://796.com

Your site says "We have used ev ssl security certificate of versign for safety, obtained norton’s safety signature, as well as added Google authenticator and our exclusive security code protection set to prevent users’ fund from illegal robbery to the greatest extent. "

But you are not using ev ssl right now and frankly your site looks copy of mtgox.

thanks for your reply.
We are a new company founded in May 23rd, our EV cert is still waiting symantec validation.
As to the Mt. Gox logo,we use it just to indicate that the price information behind the logo is quoted from Mt. Gox. It’s just like many other Bitcoin related sites quote the market data from Mt. Gox.
Besides, on the last business day of each month, we cease trading from 23:45pm to 24pm, during which suspend trading will be executed at the average price showed on Mt. Gox website at 23:50. And all the orders will be settled at that price and all pending orders will not be affected.
thanks again for your attention.
if you have any more question, you could also access to our online service.
and our working time:(GMT+8)9am to 6pm
have a great day.
712  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:21:11 AM
Yeah, you are not using a EV cert.


Are you using the MtGox trademark with permission?



thanks for your reply to us.
We use the logo of Mt. Gox just to indicate that the price information behind the logo is quoted from Mt. Gox. It’s just like many other Bitcoin related sites quote the market data from Mt. Gox.
Besides, on the last business day of each month, we cease trading from 23:45pm to 24pm, during which suspend trading will be executed at the average price showed on Mt. Gox website at 23:50. And all the orders will be settled at that price and all pending orders will not be affected.
713  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 11:00:11 AM
Yeah, you are not using a EV cert.


Are you using the MtGox trademark with permission?



thanks for your reply.
We are a new company founded in May 23rd, our EV cert is still waiting symantec validation.
Have a nice day.
714  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 10:52:19 AM
I don't really understand. Is it a forex broker based on mtgox prices? Are you selling real btc?

thanks for your reply.
796 Xchange Limited is an independent bitcoin futures exchange.
we just  provide a platform for leveraged buying and short selling of btc for members.
It ceases trading from 23:45pm to 24pm on the last business day of each month, during which suspend trading will be executed at the average price showed on Mt. Gox website at 23:50. And all the orders will be settled at that price and all pending orders will not be affected.
715  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 10:32:42 AM
It would be a good idea to post the website URL.

Apparently its a new btc exchange, 796.com (its in his sig), but yes, it should probably be in his post and in the title

How do we know this is legit?

thanks for your reply and sorry for my late response.
you could check us out from here: https://796.com/other/about.html  for our registry information, and at government site:  http://www.icris.cr.gov.hk/csci/
if you have any inquiry,you could call us at: 00852-31884158, business time: (GMT+8)9am to 6pm

thanks again.
have a great day.
716  Economy / Service Discussion / Re: we are now on open beta on: June 13, 2013, 10:24:08 AM
It would be a good idea to post the website URL.

thanks for your advice.
you may visit: https://796.com
717  Economy / Economics / bitcoin exchange more profitable and easier on: June 13, 2013, 05:54:09 AM
we are providing bitcoiners with a more easier way to exchange here.
offer latest investment advice.
also, we give out rich rewards for those users contributes to bitcoin exchange during our beta period.
welcome to visit us.
718  Economy / Service Announcements / new service for bitcoiners on: June 13, 2013, 04:42:24 AM
we have established deposit rewarding system.
reward stocks for deposit.
having attracted a more than 900 deposits.
719  Economy / Service Discussion / we are now on open beta on: June 13, 2013, 04:06:37 AM
we are now on open beta.
and we provide free stock for every 1BTC deposit.
anyone has any questions, just click our online service.
720  Economy / Services / Re: rewards for new friends on the site on: June 13, 2013, 03:31:57 AM
a lot of people have known really much about Bitcoins.
now there's a great opportunity when you could earn stock just by depositing 1 BTC or invite your friends to deposit.
one click you will get more.

there are now more than 900 deposits.
thanks for your support and trust.
we will do better.
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