This new Bytex exchange made a ton of money to me, users are mostly coming from Korea and they are pumping exchange token - BYT price to the moon.

From 0.05 USD to 0.7 USD in just a few days. Current price around 0.21 USD. And no one yet knows about it.
It is only listed on CoinHills, Korea version of Coinmarketcap.


https://imgur.com/rycXHbg


Bytex exchange rewards trading fees in exchange token - BYT. Also exchange profits are paid in dividends to BYT holders every day. Basically Bytex is giving almost all profits back to trader community. Wait until more people hear about it! It will catch fire!

Exchange trading volume is roughly 10,000 to 40,000 BTC per day. Seems like users are trading just to receive BYT token as a reward the next day.


https://imgur.com/e2EKnya


BYT dividends are amazing too! I have calculated 2% daily return in investment, just from dividends. I am just holding for now and enjoying passive income. It is no surprise this model is getting some traffic. Dividends might get lower in the future, as more BYT are released into circulation, but still, it is huge profits. If more investors from China, Japan and US will come, they will pump BYT price even hire.

The earlier you enter then more you can profit.

What you think about this model?

Bytex crypto exchange has launched on August 22 with exchange token - BYT. BYT price has doubled just in 3 days, with most buyers coming from China and Korea. It seems really hot in Asia, but not yet in the west.
Is it worth buying while it is still early?

Some info found on the web:

Launching announcement:
https://bytexsupport.zendesk.com/hc/en-us/articles/360013528032-Bytex-Token-BYT-Launch-2018-08-22-

Bytex white paper.
https://bytexsupport.zendesk.com/hc/en-us/articles/360014124272-BYT-White-Paper

Bytex features:
1. Trade reward - total value of transaction fees paid by trader is rewarded in newly issued Bytex token (BYT).  It is done daily via transaction mining mechanism.
2. Profit sharing - 80% of total exchange trading fees are distributed to BYT holders daily as dividends. Dividends are paid in BTC, ETH, BCH and all other currencies traded on Bytex.
3. BYT allocations - 51% of BYT tokens will be rewarded to community via transaction mining, while remaining 49% goes to Bytex alliance program, promotion, strategic partnerships, and team.
4. Professional exchange - Bytex is backed up by several VCs including Huobi. Bytex offices in Singapore, China, Korea and US.
​
To sum up, the more users trade the more BYT every day they will receive. And the more BYT users hold the larger share of exchange profits they will get.

It seems that early Bytex users and BYT investors will benefit the most and that hype is likely to happen in coming weeks.
Bytex model incentivizes users to trade actively, creating liquidity in exchange. It appeals to me, even BYT price will drop, it is still better than simply giving away all transaction fees to larger exchanges.

It is time to give back to community.
​
There website and white paper looks legit, and also backed by Huobi. Any ideas about this?

Bytex crypto exchange has launched on August 22 with exchange token - BYT. BYT price has doubled just in 3 days, with most buyers coming from China and Korea. It seems really hot in Asia, but not yet in the west.
Is it worth buying while it is still early?

Some info found on the web:

Launching announcement:
https://bytexsupport.zendesk.com/hc/en-us/articles/360013528032-Bytex-Token-BYT-Launch-2018-08-22-

Bytex white paper.
https://bytexsupport.zendesk.com/hc/en-us/articles/360014124272-BYT-White-Paper

Bytex features:
1. Trade reward - total value of transaction fees paid by trader is rewarded in newly issued Bytex token (BYT).  It is done daily via transaction mining mechanism.
2. Profit sharing - 80% of total exchange trading fees are distributed to BYT holders daily as dividends. Dividends are paid in BTC, ETH, BCH and all other currencies traded on Bytex.
3. BYT allocations - 51% of BYT tokens will be rewarded to community via transaction mining, while remaining 49% goes to Bytex alliance program, promotion, strategic partnerships, and team.
4. Professional exchange - Bytex is backed up by several VCs including Huobi. Bytex offices in Singapore, China, Korea and US.
​
To sum up, the more users trade the more BYT every day they will receive. And the more BYT users hold the larger share of exchange profits they will get.

It seems that early Bytex users and BYT investors will benefit the most and that hype is likely to happen in coming weeks.
Bytex model incentivizes users to trade actively, creating liquidity in exchange. It appeals to me, even BYT price will drop, it is still better than simply giving away all transaction fees to larger exchanges.

It is time to give back to community.
​
There website and white paper looks legit, and also backed by Huobi. Any ideas about this?