Will professional advisors who provide advice on the development of ICO receive any part of tokens, too?
Yes, they will. PLease find the details about STE distribution in the Whitepaper: https://stex.exchange/media/pdf/whitepaper.pdf |
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Hello.
If I launch my own investment fund on a platform, can I set a minimum amount of investment from users?
Sure. We replicate the whole hedge-fund system as a protected auditable investment vehicle. Fund manager will have full control over all conditions. |
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Will your income be formed only from commissions for transactions? Won’t you provide additional services to users?
Yes, we will. However, it's too early to discuss the details, but we understand the potential and are not going to miss the opportunities. |
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Hello everybody. Tell me please, will the tokens’ holders have access to the financial reports of the company? How often will they be published?
Yes. As we are targeting to become fully legal exchange with fiat in/out support, we have plans to publish financial reports quaterly. |
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Hello. What marketing companies are you going to launch to attract new users to the platform?
We rely on partnership program which was really helpfull during pre-sale stage and are going to continue STEX!UP referral campaign + heavy marketing. |
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Tell me please, can I expect any bonuses for never selling my tokens after the ICO?
There is a special 20% bonus for STE holders that have never sold their tokens. 100% of STeX commissions go to token holders, making our project the first truly ‘publicly-owned’ exchange. Of that 100%, 20% is first distributed to STE holders that have never sold their tokens, providing incentive for ICO participants to treat their STE as any other long-term investment with ongoing dividends. In a scenario where more people sell their STE in the open market, a fewer number of STE holders who never sold them is left and the greater the 20% share distributed among them will be. |
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Good afternoon. Have you got a backup plan in case you collect less than 150,000 ETH?
For the worst case scenario we calculated the break-even point for the project using assumptions listed at stex.exchange/stecalculator and in the whitepaper. If the project gets no more than 0.3% of the cryptocurrency exchange market(current volumes), it will have no commissions to distribute among STE holders. However, there are enough contingency funds to keep it in operation for years in 'survival mode' and many ways to rectify the situation like this. |
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Do you plan to receive any licenses which will allow that users to make deposits with fiat funds?
We have plans to. However, it takes from nine months up to two years to get such licenses. For example, as far as I know, Bitstamp spent 2 years for that. And they had $10,000,000 of investment. And it is just a simple in-out exchange. |
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How much money do you plan to collect during the ICO? About 100,000 - 150,000 ETH |
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Good afternoon! Tell me please, will the dividends be paid off in crypto-currency or in fiat means?
Hi, according to what I’ve read, they will pay off the dividends in Ethereum, but eventually they’ll start to use other crypto-currencies and users will have an opportunity to choose among them. I’m wondering if I can invest the dividends received in buying STE tokens inside the platform. Yes, but you should buy first amount inside the platform, and still it will require manual order placement. There would be no problem to buy STE manually from your original wallet with STeX Instant Exchange Gateway or you can create an automatic loop using gateway.stex.exchange |
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Good afternoon. Which wallets can be used to store your tokens?
Any ethereum address is good if you have full control over it. You should not use any exchange's accounts, just your own Ethereum address. Tokens are stored in blockchain, you can use such wallets like MyEtherWallet to send them from one address to another. |
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How many blind auctions will be held during the ICO? Current projection is around 50, please note that the next auction starts as soon as the previous reaches the limit OR after 24h. |
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Do you have any idea when exchange will open? Where you token trading? Transfer of the STE tokens restricted till the end if the ICO. After that, it can be traded at stex.exchange itself. First release in Q1 2018, but STE will become tradeable on STeX exchange at the end of the ICO. |
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Where you token trading? Transfer of the STE tokens restricted till the end if the ICO. After that, it can be traded at stex.exchange itself. |
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So, you raised 5 mln on pre-sale and crowdsale? Where you token trading? And why you still not launch your exchange?
15000 ETH was rised. We are now 45 days from the end of pre-sale. It takes time to build such a thing as an Exchange. However, we released Instant Exchange Gateway in October: https://gateway.stex.exchange/Manual: https://www.youtube.com/watch?v=EKdHGcqKliY |
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How many cross-rates can support the service STeX?
It’s told In white paper that STeX will use the unique technology A2A which will support hundreds of thousands of cross-rates simultaneously. I wonder if the users will receive full-featured support. Yes it will be full-featured support. All the charts, all order types, etc. |
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What marketing strategy will you use to take 5% of the foreign exchange market after the first year of operation?
Technically - profit sharing and heavy marketing. But our main idea is to create best service you can get on the market, so UI is one of our main concerns. We also going to provide unique instruments and trading tools, thet can not be found on the other exchanges. Crypto is highly social, so news will spread. |
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Did you conduct an analysis of direct competitors in order to develop the functionality of your service?
Sure, we do such analysis. This project emerged as the result of our experience on some cryptocurrency exchanges that we found below our expectations. So, we decided to build a better exchange. The one we will be happy to use by ourselves as the main trading tool. |
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Is the development team experienced in the field of operation in foreign exchange market?
Yes, Andrew and me traded on stock exchanges as a professional traders for years, including currency market. |
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