You will be able to test our prototype in due time. You will then, see how fast it is. Also we would use very complex algorithms when building our exchange to prevent hackers, while keeping it user friendly and easy for users.
For our coinware pocket, we are doing this to make for flexibility, between our exchange and other exchanges. So our exchange will still be of higher priority
Perhaps an open beta is the best, as people can try and feel around themselves. Yet, I'm still dubious with your claim of security. Will it be safer than the community-claimed number 1 and 2 biggest exchange? Because even them got hacked once ot twice. Maybe, the doubt come from realizing that you count captcha as a second layer of your security, while I don't see how it'll fit to be called as a layer of security |
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Our token is required to get all services on our game platform, you can use ZITOKEN (ZIT) as credit to play all games and other services, for this reason is a utility token.
Yes, I am aware of that utility. My curiosity is on whether the token will still have an interest feature for holding despite the (in case of) failed arbit experiment? Maybe from the earned profit? |
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Can we please get back to my unanswered post, please? Anyone? Admin? Community manager? It is rather helpful for investors to decide if you can really answer that. |
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In the last function mentioned, we use this BTC in two parts. The first part is used to cover daily withdrawals and
the second part is used to cover our own bitcoin arbitrage operations to pay interest rates according to period.
The interests earned will be based on your arbitrage activities with the collected funds? Isn't it rather gambling and risky? Given the nature of arbit itself About our function "HOLD", our arbitrage operations will be performed only on exchangers with high liquidity, this way you minimize the risk. But arbitrary are completely dependant on miners confirmations, isn't it? So it's rather insignificant which exchanges you're from or to, and high liquidity or not will not affect transfer time too much. Or am I wrong? Transaction time is a point to consider indeed, but the true is this arbitrage opportunities in fact exist for seconds, so what we are making is designing the software to implement this function and to start first tests in the next 1 or 2 days. After tests our team will decide to remove it or not, since what our main focus will be to develop games to Zitoken platform. so in the case of a failed software (like the algorithm or the experiment failed to score profits) then your token will resort to a game-utility only where the HOLD feature is removed? |
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In the last function mentioned, we use this BTC in two parts. The first part is used to cover daily withdrawals and
the second part is used to cover our own bitcoin arbitrage operations to pay interest rates according to period.
The interests earned will be based on your arbitrage activities with the collected funds? Isn't it rather gambling and risky? Given the nature of arbit itself About our function "HOLD", our arbitrage operations will be performed only on exchangers with high liquidity, this way you minimize the risk. But arbitrary are completely dependant on miners confirmations, isn't it? So it's rather insignificant which exchanges you're from or to, and high liquidity or not will not affect transfer time too much. Or am I wrong? |
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In the last function mentioned, we use this BTC in two parts. The first part is used to cover daily withdrawals and
the second part is used to cover our own bitcoin arbitrage operations to pay interest rates according to period.
The interests earned will be based on your arbitrage activities with the collected funds? Isn't it rather gambling and risky? Given the nature of arbit itself |
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I believe you understand me wrong, the table compare coinware from other worldwide-ranged exchanges, with binance, hitbtc, and even cryptopia. My question is more to why would your token be able to struggle and be preferred against local exchanges, in regards to the ability to exchange into local (asia and africa) fiat as your point of difference.
Hello, Could you elaborate. I Don't seem to get you Hi, the difference table that annbagaria pointed me to was about your competitive advantage compared to other world-wide exchanges like binance, cryptopia or hitbtc, while my query lies on the advantage compared to local exchanges in Asia and Africa. One of your main feature is the ability to convert to asia-africa fiat, while as I mentioned, there is little to none benefits for (let's say) an Indonesian to hold Baht, or Thai to hold Ringgit. They'll prefer to cash out on their own currency. Thus, their respective local exchanges has more or less similar feature than yours. Unless you have something to appeal them? Sure we are going to be much better, we are going to be the top exchange in the Asia/ Africa region. Local exchanges don't have our speed on trading, security and efficiency. We have a lot of features. Like our coinware pocket. I urge you read our whitepaper before any further discussions. Speed and security is highly debatable. Forgive my lack of knowledge on technologies, but is there any way to measure exactly how fast your trading speed is? Simply stating being capable of more than 10 millions transactions per second will means nothing if you can't prove it, is it not? Afterall, words are empty air. Or, about how secure your system is. Are there any guarantee that there will be no case of security breach? Ever? Coinware pocket... which can be easily linked to any exchange of our choices. Which imply, we don't really need to stick with your exchange, we can keep using our beloved local exchange. |
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I believe you understand me wrong, the table compare coinware from other worldwide-ranged exchanges, with binance, hitbtc, and even cryptopia. My question is more to why would your token be able to struggle and be preferred against local exchanges, in regards to the ability to exchange into local (asia and africa) fiat as your point of difference.
Hello, Could you elaborate. I Don't seem to get you Hi, the difference table that annbagaria pointed me to was about your competitive advantage compared to other world-wide exchanges like binance, cryptopia or hitbtc, while my query lies on the advantage compared to local exchanges in Asia and Africa. One of your main feature is the ability to convert to asia-africa fiat, while as I mentioned, there is little to none benefits for (let's say) an Indonesian to hold Baht, or Thai to hold Ringgit. They'll prefer to cash out on their own currency. Thus, their respective local exchanges has more or less similar feature than yours. Unless you have something to appeal them? |
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Ok, so dev was active today, and posted around in yesterday, promoting their exchange, but it seems he didn't have time to visit and take care of his thread. Hmm..
I am looking after this thread. Enlighten me on this recent issue that troubled my !mind, i read on your promoting posts tjst the only conditions to be listed on your exchange is having a github and a derivatives of bitcoin. Why is it? No minimum volume like you said in this thread to prevent junk coin How can I coin have minimum volume if it is not listed on an exchange yet? Don't ask me, it was dev's answer when I asked for a solution to prevent shitcoin being listed on their free listing. Merely returning their words. |
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What is happening with the project now? He alive? When the payout for a bounty? It's been too long. Looks like as scam
Their ann thread is rather quiet and unattended, but they're relatively more active on telegram. According to latest news, they'll be close to token unlock, and after that, bounty shall be distributed. Hopefully no more delays from this plan Went to them in telegram group. They say that the tokens will be distributed among the bounty participants after the exchange listing. But when this happens is not clear Having a date set had proven previously as a backfire to the team, because unexpected things happened and they had to push the date several times and doing so enraged some part of the community members. So, now we don't have date. It is said that being on beta tester groups would give you a better information about their development, I think there's a slight chance an info about token releases will be available for them too. |
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Given that your main feature of the token is shares, doesn't it means your token will be more related to stockmarket?
Hey! Great question. Coins will be released (mined) as prizes on beer sales of partners. BEER Coin will be liquid, unlike traditional shares, but with the benefit of the option to convert into shares. Best of both worlds, a new crowd funding model. So roughly like an incentive for pub, bar, and other places for selling your beer at certain quota? Will BEER available for common users? I mean like for those who want to own solely for trading reason and not because they own a beer selling spot Absolutely, BEER Coin can be used for trading purposes. The Exchanges will be announced once the ICO has launched. And these beer sellers will get the token for free? Which they're completely free either to sell or to hold? |
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May I point out that you conveniently missed my post again? Right above your back-to-back post?
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Miike im not evading you question. Its the fact that you are asking such a thing. An automated crypto exchange is not a new concept , although we are not looking to compete with other exchanges but to provide a good service. So i do not know which other exchanges have their own token as a means of payment. I hope this answers your questions.
Oh? Do you mean like an automated bot trading? Very well, it'll adequately answer my questions about the difference between you and other "conventional" exchange. About your aim to be a means of payment though, it's rather impossible, logically speaking. Why would a trading service utilize their literal competitor's token,in your opinion? Also, if you can update this thread with those team info, it'll be nice Hello again Miiike, the trade in question is P2P and they do not have any tokens of their own. Why are you so curios tho about the other exchanges? I'm curious about anything I can on questionable projects like yours, actually. That's why I always asked as many questions as I can, to prove if I'm paranoid or is it indeed another project I cornered by technical questions. Afterall, if you're legit, you'll have all the answers and capable of serving all evidences asked. In the end, as the hammer of judgment has passed on you (I have no contribution on it, sadly), I think my job here is done |
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Miike im not evading you question. Its the fact that you are asking such a thing. An automated crypto exchange is not a new concept , although we are not looking to compete with other exchanges but to provide a good service. So i do not know which other exchanges have their own token as a means of payment. I hope this answers your questions.
Oh? Do you mean like an automated bot trading? Very well, it'll adequately answer my questions about the difference between you and other "conventional" exchange. About your aim to be a means of payment though, it's rather impossible, logically speaking. Why would a trading service utilize their literal competitor's token,in your opinion? Also, if you can update this thread with those team info, it'll be nice |
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What is happening with the project now? He alive? When the payout for a bounty? It's been too long. Looks like as scam
Their ann thread is rather quiet and unattended, but they're relatively more active on telegram. According to latest news, they'll be close to token unlock, and after that, bounty shall be distributed. Hopefully no more delays from this plan |
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Offcourse its certain. UNX is going to be listed on our website as well as on other Exchange.
But let me rephrase, if there are third part exchanges who wish to list UNX token ,there is no telling what they will want to do with it.
Okay, continue on to our main concern of what you mean by having other exchanges to accept your token as means of payment. I also notice this is about the fifth times you conveniently avoid my question about your difference with the "conventional" exchange. With this being said, you'll be on your sixth if you didn't explain on your next reply, kinda started to looks like evasion. You any document
--snip--
What your reffering ( referring) to sounds more like a church. Also i will point out you have gramatical ( grammatical) errors becouse ( because, seriously, this one is easy and you kept repeating it) of which i cannot make sense of your comment. Uneox is a cryptocurrency exchange. There is nothing "funny" about it, when you really think about it. Well, I'm not having english as my native language, but I'd like to point out that you actually also have many grammatical error on your own sentences throughout your entire post, but professionalism dictate me to kindly resist from pointing it out and give my best to understand. It's kinda surprising that you (as a team of a project) decide to abandon such professional courtesy instead of trying to understand what he tried to say, which I actually can easily comprehend. Here, let me give you a hand. I've corrected your spelling errors while we're at it, by the way. You (have/own) any document to understand the purpose of this token and what use case will be of this instead of (merely/only for) trading on your own platform? It sounds like very funny concept (,) more likely just to collect money from investors and give them big dreams and hopes.
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Given that your main feature of the token is shares, doesn't it means your token will be more related to stockmarket?
Hey! Great question. Coins will be released (mined) as prizes on beer sales of partners. BEER Coin will be liquid, unlike traditional shares, but with the benefit of the option to convert into shares. Best of both worlds, a new crowd funding model. So roughly like an incentive for pub, bar, and other places for selling your beer at certain quota? Will BEER available for common users? I mean like for those who want to own solely for trading reason and not because they own a beer selling spot |
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As in, for example, enabling a SGD, MYR, IDR, THB, etc in one exchange disregarding the user's location?
Hello Miiike. We are going to focus on making our exchange as user friendly as possible. We would consider having multiple possible fiat currencies.  So, in short, it's a yes? That your main feature is the availability of many asian fiat in hope to enable your members to cashout easily? Yes we are mainly focusing on Africa and Asia I wonder if that's a beneficial feature? Except for CNY, several foreign fiats are rather "pointless" to be held if someone is not planning to go to the said country. Thus, mostly Thai will prefer to keep Baht, Malaysian with Ringgit, and so on. i saw very little benefits why would an Vietnamese (for example) want to cash out in Rupee, which leads us to a point where your feature is rather useless Hello Miiike. We are not here to tell people we are better than other exchanges. Coinware is here to be the bridge between crypto and the current financial system. I think it's good idea for Africa and Asia having crypto exchange oriented on local market. What do you think? Please share with your opinion it's very important to us. Thanks I believe I also didn't mention any words "better"? I'm asking why would the feature be beneficial? As in why would people choose your exchange from their own local exchange? As both offered the same feature, more or less. Hello. Why not? Coinware can become largest digital currency exchange and trading platform in Africa and Asia. Why should they choose Coinware exchange? First of all people will have an opportunity compare Coinware crypto exchange with other platforms. If i understand your question correctly. Also you can find more information on the official web-site or read white paper (page 28). We created best platform that has most valuable features better than any exchange you could think 0f in the ecosystem. Table showing how COINWARE will stand out from other exchanges I believe you understand me wrong, the table compare coinware from other worldwide-ranged exchanges, with binance, hitbtc, and even cryptopia. My question is more to why would your token be able to struggle and be preferred against local exchanges, in regards to the ability to exchange into local (asia and africa) fiat as your point of difference. |
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Yes exactly , a direct transfer from UNX to BTC.
You will understand that listing on other exchanges is not yet determined exactly. Tough listing on uneox.com is set as goal and will happen if softcap is met.
I really don't understand what you mean with this. First, I don't even mention or ask about a direct transfer from UNX to BTC, so it's legit safe to say I don't understand what you're saying about. Second, do you mean like... You're not sure if you will or will not listing on other exchange? I thought it was you who suggest that the token will grow and create profits by being traded on other exchanges. Now it's not certain? We're still haven't established what you mean by being used as a mean of payment on other exchange and what set your automated system different from other exchanges' place-bid -and-leave-them |
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Ok, so dev was active today, and posted around in yesterday, promoting their exchange, but it seems he didn't have time to visit and take care of his thread. Hmm..
I am looking after this thread. Enlighten me on this recent issue that troubled my !mind, i read on your promoting posts tjst the only conditions to be listed on your exchange is having a github and a derivatives of bitcoin. Why is it? No minimum volume like you said in this thread to prevent junk coin |
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