Yeah I wasnt happy with the $6 dollars I was paid. Getting paid in crypto of a yet to be launched project is like getting paid in exposure, its not worth shit. They told me they would give me 100,000FXP and I couldn't care less about that. The real payment was supposed to be in the form of 0.3% of funds raised which amounted to thousands of dollars. Which they never paid. Anyway, was fun talking to you guys. 

Im not sure if you read properly. FXP was my first employer, they didnt pay me. SETi is the 2nd employer, they have paid in full. The content of the white paper us now theirs.

I have already been compensated by SETi, in full. The project is exactly the same(using a utility coin as a settlement method on a forex platform to reduce trading fees). What evidence do you want to see?

Hi,

My name is Nick van Rooyen, I the author of the FXP whitepaper. My background is in economics and I was brought in by the FXP team to help conceptualize their problem/solution and help to put it into White Paper form. Before I started, I was promised many things, namely,  100,000FXP plus 0.3% of the funds raised(which should have been a few thousand dollars). This was in 2017 and so far I have received 33,000FXP, worth about $6usd, and ZERO of the percentage of funds raised, with no promise of that ever getting paid to me.

I never kicked up too much of a fuss as FXP soon ran into big problems and it became evident that the white paper authors where at the back of the pecking order when it came to reimbursement. I never signed over any rights to my work and was never compensated in full. With the absence of full compensation, the work still remains mine.

Earlier in 2019 I was approached by the SETi team who have the exact same idea as the FXP project. They asked me to play the same role as I did with FXP and they paid me upfront for the White Paper. In hindsight, I could have altered the white paper to make it a bit more unique but the SETi guys have important deadlines to meet so the White Paper was submitted unaltered. I apologize for bringing any confusion and doubt to the SETi project and the Crypto space as a whole, but my remuneration was my priority for the hard work which I was not rewarded for at FXP. SETi are now the rightful owners to the contents of the White Paper. If I wanted to I could take it up with FXP to remove my work from their project, and perhaps I will.

I hope everyone understands this and this post can be removed as it is damaging to the SETi project.

Hi,

My name is Nick van Rooyen, I the author of the FXP whitepaper. My background is in economics and I was brought in by the FXP team to help conceptualize their problem/solution and help to put it into White Paper form. Before I started, I was promised many things, namely,  100,000FXP plus 0.3% of the funds raised(which should have been a few thousand dollars). This was in 2017 and so far I have received 33,000FXP, worth about $6usd, and ZERO of the percentage of funds raised, with no promise of that ever getting paid to me.

I never kicked up too much of a fuss as FXP soon ran into big problems and it became evident that the white paper authors where at the back of the pecking order when it came to reimbursement. I never signed over any rights to my work and was never compensated in full. With the absence of full compensation, the work still remains mine.

Earlier in 2019 I was approached by the SETi team who have the exact same idea as the FXP project. They asked me to play the same role as I did with FXP and they paid me upfront for the White Paper. In hindsight, I could have altered the white paper to make it a bit more unique but the SETi guys have important deadlines to meet so the White Paper was submitted unaltered. I apologize for bringing any confusion and doubt to the SETi project and the Crypto space as a whole, but my remuneration was my priority for the hard work which I was not rewarded for at FXP. SETi are now the rightful owners to the contents of the White Paper. If I wanted to I could take it up with FXP to remove my work from their project, and perhaps I will.

I hope everyone understands this and this post can be removed as it is damaging to the SETi project.

After months of planning and consulting with some of the most experienced role players of the Forex Industry, SETiFX is gearing up for the launch of their very own Forex Brokerage. The Forex market cap averages over $5.4 trillion per day, making it the largest and most liquid market in the world. Tapping into this market can be very lucrative, if the Forex Broker can offer a good product to the market. SETiFX partnered with leading providers in the industry to source its own MT4 platform, we have also partnered with three major liquidity providers to offer investors the best possible spreads with the lowest commissions possible. The platform has been integrated with PAM and MAM management tools to enable investors to mange large amounts of combined funds from individual investors. SETiFX has worked hard to partner with some of the largest PAM traders in South East Asia and we are expecting funds in excess of $12 million to join our brokerage.


In order to cement a place in this extremely competitive market, new comers have to bring some innovation to the industry. This is where SETiToken comes in. Traditionally, traders have experienced high arbitration fees incurred during trading. These are set by banks and can typically range from 4–5%. With SETiToken we can bypass these bank transactions and reduce banking fees to 0.5%, making investors trades more profitable and making the trading process smoother and faster. We have had good response to this new approach to trading and this is part of the reason that investors have been keen to join our new brokerage.


In the future we aim to partner with more liquidity providers to ensure we provide the best service to our customers. We also aim to continue innovating and bringing new ideas to the Forex industry.

SETI goal is to address the current inefficiencies within the market and to provide cost-saving solutions to brokers, traders, and liquidity providers. By utilizing blockchain technology, SETI can intelligently reduce the risk for brokers and traders by providing more opportunities and increase the speed of transactions in the Forex market. SETI is proud to bring our initial coin offering to the market and to allow investors to become part of our exciting new product and journey. The SETI platform will immediately start addressing the issues within the current Forex market. Our proposed solution will demonstrate the tangible value of the SETI token.

SETI that is based on United Arab emirates is an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market. SETi believes it can intelligently mutigate risk and increase the speed of transactions in the Forex market through the utilization of its SETi token, an ERC20 token based on Ethereum blockchain technology.

The team at SETi have more than 20 years of experience in software engineering and Forex trading. It was this expertise that gave them the ability to identify a need in the Forex market for new technology and then capitalizing on it. This new trading software that acts as a Forex and Crypto gateway for both markets will have a robust set of features and benefits including a multi-functional e-wallet, mirror trading and a real debit card attached for easy access to funds. This wallet will be available for both iOS and Android mobile devices. Users can send and receive SETi coins, exchanging them for Forex credit. The utilization of Smart Contracts in the SETi platform may save customers up to 90% when compared to current payment structures on the market.

What is SETi ?

There are many Foreign exchange exist nowadays but most of them are still traditional ways that rely only on centralized server. Foreign exchange market itself (often reffered as Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex market is one of the most traded markets in the world with more than 4 million transactions per day. The amount of profits that are lost in commissions and lagging transactions is quite staggering for sure.

SETi is a platform based on blockchain that is built specifically to handles the Forex market transactions. As the Forex market is decentralized by nature so it is best if the trading system also based on decentralized blockchain system thus offer more scale-able, reliable, secure and audit-able system for all parties involved. SETi is a blockchain based platform for trading on the Forex market. SETi will offer cost effective, innovative solutions to traders, brokers, and liquidity providers. Via utilization of the blockchain technology, SETi will minimize the risks for traders and brokers via increasing the speed of transactions and providing them with more opportunities.