They already got 1 million dollar from Angel investor, Private sale is the first round before next round continue at May 2019.
That's a huge sum! Meaning they already got half of their softcap!
But i don't really understand the reason why they needs this much amount of money to build the Exchange?
The money is not solely for building the website, there are other vital structures that needs to set up, and employees benefits also needs to be taken int consideration. If they are to set up a good structure which would stand the test of time, then I don't think the amount is outrageous.
I did check the links you provided. Your exchange seems to be up and running. At least, what you have to improve on. But I tried to get hold of your whitepaper but couldn’t. What’s happening?
The whitepaper is detailed and would be very helpful.
You can use the link below to view and download.
https://www.bcnex.net/docs/BCNEX_WP_ENG.pdfRegards.