Does Beta changed to Alpha for Sept 1 launch? I'm sure i was signing for Beta earlier...
Yes beta was changed to Alpha. We named it Alpha since the exchange is stable and functional (a beta usually connotes instability).
Hmm.. I always thought Alpha came before Beta testing and connotes even more instability.
After reading that Alpha versions are more stable as Beta..... I am out of this, not investing a dime.
I'm also out, too many red flags.
Beta version being changed to an "Alpha" version to denote more stability... lol.
Hidden cap on the ICO - why hide the cap? The only reason to do this is because the cap is so high it would deter investors, or the cap doesn't actually exist at all.
Zero information about team members other than the "trusted escrow" - this leaves us with no information about their experience in running an exchange, what happens if this exchange gets hacked a month after going live because their tech team has minimal experience?
What about the business development side of their team? You need to have connections and be able to bring in large whales to provide liquidity for an exchange. Can this anonymous team do that? I understand they're going to pay the market maker a small fee, but as a whale, why would I trust the security of this particular exchange with millions of dollars?
How many people are on the team in total? What if these guys have 30 of their buddies on payroll, how are they going to make a profit?
Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange. I doubt they're going to be able to run a profitable exchange when their fees are 4x lower than every other exchange. They're just going to end up eating into the money they raise in this ICO in order to stay alive.
I would think carefully before dumping too much money into this ICO.