Dear Andrew CEO,
This project looks very interesting however am perturbed on the lack of details in the whitepaper.
For any-coin to any-coin exchange, there must be much liquidity. If someone wants to sell a coin, another must be willing to buy. It would seem to me that only highly liquid coins would be profitable to allow transfer between. This is why exchanges usually only offer transfer between fiat/BTC and altcoins.
How do you plan to handle this, are you acting as man-in-middle to facilitate transfer or using ICO money to setup baselines or some other method?
Kind regards,
Allan
Dear Allan, STex is basicly a man-in-middle, like any other exchange or broker, but much more as well. STeX will be linked to other exchanges and operating with combined liquidity. Ether raised during ICO will be partialy used to create excess liquidity. Plus, we will provide easy out-of-the-box access for those who wish to be a market-maker in any coin listed. Once coin is listed, it gets all cross-rates and in/out transfer. Best regards, Ivan, STeX CFO |
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Congrats on the milestone achieved so far, really excited about this project and the huge potential it offers.
Thanks! we just passed 2000 ETH and $700'000 |
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Congrats on the milestone achieved so far, really excited about this project and the huge potential it offers.
Thank for your support and trast! We working hard every day to bring it to reality. Have you checked our DEEP demo service? We need more feedback about it... |
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Q: Is DEEP a part of STex?
A: It is completely independent. The main purpouse of creating DEEP was to prove our ability to handle BIG DATA, blockchain technology and front-end all together. Current release was built in TWO WEEKS out of nothing to demonstrate our development speed as well.
Q: give an idea on the possible use cases?
A: The possibilities are countless and very powerful. We can call DEEP the first blockchain detective that can find almost everything.
P.S. we are preparing tutorial videos with different ways of DEEP usage right now and will be publish them as soon as they will bw ready.
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Ivan, hello to you. all clear for me now. sorry for my negligence caused during studying the wp. could you disclose your advisors,pls? by the way my congratulations with a successful pre-ico stage.
I will ask them if they are ok with such publicity or not. It was not discussed before, but since we are going well with pre-sell I do not expect any problem with that. Will let you know. Thanks for your involvment. |
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good day!! am i right telling the project is crypto related but non-blockchain based,pls? have tried to understand the same fm a wp unftly w/o success. probably i overlooked a functionality of STE tokens in case i'd need to sell it. how can new buyers use it in case the dividends aren't valid any longer,pls? also i'm interested whether you have familiar advisors or not,pls? thanks beforehand for your kind attention
STeX project is crypto related but non-blockchain based. Tokens become tradable right after ICO end if I understood your question right. We do have experienced advisors. Ivan, hello. thanks for your reply, well noted. tradable is ok but mean what value STE has in general when an investor is willing to sell it,pls? STE tokens has same function as shares in traditional business. If company do not distribute profits - there is no sense in holdimg it shares, except you are willing to sell them a bit higher. Dividend model is the best and most fair IMHO, there are not many cases where tokens have some demand because of usage. I personaly trust more in project with direct profit distribution than the one saying that there will be strong demand for tokens to pay for servises. So, internal value of STE token can be calculated as future discounted cashflow. This is value approach. As STeX grows, tokens become more attractive because they recieve more amd more ether every month. Price will be supported by the people willing to invest to get "dividends". Future P\E ratio is hard to predict on this market. Did I answered your question? |
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good day!! am i right telling the project is crypto related but non-blockchain based,pls? have tried to understand the same fm a wp unftly w/o success. probably i overlooked a functionality of STE tokens in case i'd need to sell it. how can new buyers use it in case the dividends aren't valid any longer,pls? also i'm interested whether you have familiar advisors or not,pls? thanks beforehand for your kind attention
STeX project is crypto related but non-blockchain based. Tokens become tradable right after ICO end if I understood your question right. We do have experienced advisors. |
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Just yesterday we hit 33% of soft cap and today we passed 50%.
We would like to thank everybody for your trust and support of our project.
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With a benefit of $0.01 fee rebate / STE / calendar day
This constant rebate structure will become worthless after trading volume growth, and idea behind it was to keep demand for tokens stable. We published simplifyed discription of this feature, I'm checking original formula now and come back to you soon with possible sollution. |
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Thank you for your answers. But back to the heart of the question, if my numbers are even close, how does the exchange hope to make money for a while? STE tokens will offset most fees for big users (since by my math, they'd be pretty crazy to not buy some). The increase in value of STE doesn't correlate to the value of the company in terms of operating income, merely in valuation for the STE holders (of which the Founders are the largest). If the value of STE increases, then the amount of free trading increases.
To put some fake numbers to it, what if a STE was worth $3 (which is below what the average cost would be if the project were to sell out). If I trade (on average) 1 ETH at $300 each day, I should buy 30 STE at $3 on the open market (1 STE at $3 means $300 in free trades per month, so 1 STE per day * 30 days in a month). Then instead of a $0.60 fee every day, or $18/month and pays for itself in under five months. A trader doing $9000 a month in trades is probably in the top 10% of traders, and in most business, your top 10% provides 90% of you income. So again, how is this going to be profitable? You might say, well the limit is supply doesn't mean everyone will get one. But since the free trading is 100x STE 30 day value, it doesn't work that way. If the above fictional customer buys 30 STE at $3/STE to offset his $9000 monthly trading, and others see this, the demand for STE goes up. If the STE rose to $90, the above customer could sell 29 of his and still get free trades, and now 29 other similar customers are doing the same. Even at a lower valuation, say $1/STE which would be the average if 50M coins were sold, you're offsetting fees on up to $5 Billion a month, which is under your low volume end target, a third of your possible income.
So to summarize, given the massive amount of fees that would be potentially offset by STE coin holders, what is the expected operating costs of this venture at $500M/day and what is a realistic operating ratio that can be attained with the above pressure?
I think this project has great potential, but the long term profit is hampered by this provisional benefit.
Free-trades rule is not included in token and should be imlemented on system core level. Because of that if any problem emmerge with this rule, it can be changed on the fly. Final and correct formulas can be found in new version of whitepaper before ICO start. Please note that this is pre-sale stage and we may have some discrepancies in business model that is not part of token itself (wich was double checked before launch). Anyway, I will check your calculations and prepare a detailed reply, but it may take some time, because they would be a bit more complex. Thank you for putting my attention on this subject. |
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Finally, a bit of math and some presumptions with questions. With the wild assumption that 10M tokens pre-sell (to make the math easier) and the answer to 8.1 is that the maximum ICO sale is 77M due to Founders Rewards, if the ICO almost sold out, getting to 70M (including presale) then 10K ETH would be raised in presale and approx 1.2M ETH raised in ICO with 120K ETH paid as reward to presale. That would make the average price per STE approx .013 ETH/STE (1.2M raised, 91M STE with Founders Reward). If that price held at the average then each month each STE would be worth 1.3ETH in free trades or at even $250/ETH (low) my math says that could mean 22 Billion in free trades a month. The low end of the 5% target is 500M/day which to me means if everyone maximized their benefit of free trades, the exchange would have to double its low target to make any profit. Since the 100x/mo figure will grow and shrink with market demand for STE I cannot see a world where a heavy trader doesn't buy enough tokens on the secondary market to eliminate most of his cost (and my my quick math, 5 trades a year would be a breakeven point for them).
So given all that, what is the projected profit on the target share of the market (5%) or are my numbers skewed? Again, I'd like to invest but it seems like liquidity might be an issue for a considerable time while growing market share.
I realy like your aproach. Not too many people calculate intrinsic value even on stock market nowdays... Let me put it this way. All rules in this project was designed to keep balance between interests of all parts involved. Free trades is not exception. The idea behind it is simple. This is OUR project. Mine. Yours. All token-holders share it and own it. We build it for all token-holders and free trades has an equilibrium at the point where all token-holders trade volumes according their share in the STeX project. Only in this case there would be no comission distribution, but community will get a superfast exchange with comission-free trades. And indirectly each token-holder will be profiting from this sutuation. Because money you did not spent is actualy your profit. In reality there will be disproportion between shares and because of that some commissions will be collected and distributed anyway. And free-trades rule can be tuned to stay in balance with trading volume and quantity of tokens. Again. We do not expect 70% of tokens to be distributed. 50% is much more realistic. You should recalculate each stage of ICO separately to get the idea if it is attactive for investment or not. Early stages are definitely a good deal, the rest depens on your projection of market growth and STeX share of the market. Because 20% market share is also real in some cases, and that changes calculations dramatically. Both free-trades and commission distribution are main features that will determine post-ICO token price. We are so different from other exchanges that it is realy hard to predict market share. It can become huge. We can check your math if your provide your vision of (1) STeX market share and (2) daily market volume. |
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First, please don't take this as criticism, more so as an interested party trying to ascertain the full risks and rewards. I'm curious Dev about some of the numbers in your Investor Advantages (heading  white sheet. 8.1 Fixed limit of 100M STE. Does this mean the sale will be limited to approx 77M since the Founders gets a 30% stake? 8.8 Do the Founders Stake get the 20% commission bonus as described under 7.1 for continuously held ICO tokens? Hello, You are almost right, the Presale+ICO supply is limited to 70m and at the end founder's share will be 30% of all tokens. But in reality less than 30% because of some costs need to be covered. And founders will give some of their tokens away. 8.8 Yes, the Founders Stake get the 20% commission bonus as described under 7.1 until they qualify the conditions as any ordinary token-holder. The reason behind is simple - we want people to hold their tokent and keep token price stable. And as token holder, you do not want any founder to put a huge stake in the open market with the risk of rapid price drop. And even if some people do that, others get more from this special bonus. |
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I'm glad to inform that collected funds passed 33% from min cap and continue to rise.
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if we have copied our tweet or facebook post links to excel and then try to copy paste the same to the bounty page, it returns as too frequent postings and ask us to try later? any way we have a workaround to this issue? hope the system does not think that we are spammers?
Most probably you are trying to submit more than 5 URLs in 5 min and our spam protection is not leting you to continue. You can simply wait 5 min and then continue adding URLs. Good idea to submit them right after you make a post somewhere, this way it will go smooth if you do not use spam software, which is restricted by our bounty campain rules anyway. |
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Q: Sorry couple more questions. Let’s say I’m a presale investor with 20,000 STE and eligible for the 20% bonus distribution from commissions. Do, I have to hold all 20k STE or can I sell some and still be eligible for the 20%? Also, if I buy more STE in the open market later in the future, my 20% will still be calculated on the original 20k STE?
A: We have a special bonus pool of 20% comissions for those who never sold their STE tokens. If you sell part of you tokens and buy it back, this part will not be recieving 20% bonus anymore, just a share of the rest 80%. Those token that never been sold, on the other hand, will continue receiving growing share of 20% bonus pool. This bonus should encourage token holders to keep them after ICO as long-term investors.
Please note that we distribute 100% comissions excluding expenses anyway, and if you sell and buy STE tokens, you still be recieving a share of 80% comissions. Just losing bonus.
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