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i understand that this thread is about bitmax.io transaction and reverse mining which is somewhat different from what i see in other exchanges. Instead of simply deducting the transaction fees from placed orders, here they would deduct the transaction fees from the users but later distributes back the BTMX tokens with the same value as the transaction fees as an incentive to users trading on the platform which is a great concept. this was stated to be launched some days back, Has anyone tried it?
how long would mining BTMX hold?
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It’s good that they realize they really need to get as much attention as possible early word of mouth and a quality solid platform are what matter early on to drive things forward
most projects get a good start (which is very important and brings in more investors), but in few months after completed ICO rounds, they would relent in making more advancements. BTW that may and shouldn't be same with ONAM. the team should work more on the features of the exchange and promotion knowing they got competition already. |
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MinedBlock project looks realistic. Giving out payments monthly from mining profit using a smart contract and based on a percentage could work out. If the value of btc is low or gets high, payment would still be done. Unlike mostly facilities that promise theoretical profit and wouldn’t deliver.
i read somewhere that they will be mining top cryptocurrencies i believe that is a very wise move from them doing so will help create more profitable scheme I think the team need to sit down and do a good job. They need to be specific on coins to be mined. Btc would be a good choice, but we got more coins coming in and being a bit stable too. The team should make a choic and based on this make estimates on profits. i don't stable coins are mineable or I haven't read anywhere that they are though Right now the best coin to mine remains BTC cos of its strong value which is why I am glad about team choice of mineable token is it confirmed the MinedBlock would be mining BTC alone? there are some other coins like eth, eleectroneum, monero but none of these atm would be more profitable than btc mining. MinedBlock team should fix a specific token. that would make investors make a realistic estimation on profits. |
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Most project teams don't start up like MINEDBLOCK did. They must have gotten the prior experience of ICO. The introduction of promotional plans right at the start of the project shows they are in for a successful project. btw i think the team should do more promotion to meet the softcap in time while being fair to participating Bounty Hunters.
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Exchanges like ONAM would do well when the market comes back to life and gets bubbling. Although ONAM has come a long way, credits to the team and fans, they mustn't be discouraged by the current market volatility, but they should launch with all the features as promised. what is ONAM team promotional strategy for the current market?
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crypto markets doesn't looking encouraging but bear markets still remains the best times to invest in crypto, but this time with spare funds not all your funds, and certainly after you must have DYOR. Bitmax plays the role of providing a platform for everyone to get top tokens at these low prices. But i am more interested in security strategy of Bitmax for users Funds.
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i know of a few mining facility, a bit older with a strategy to make profits while maintaining farm. securix would prefer to make payout passive and monthly with an already set 45% of profit to be distributed to holders of securix token.
how transparent would securix be?
At the end of each month, the number of bitcoins have been mined will be shown in the Mega Vault wallet app. These bitcoins will be changed to Ethereum and will be distributed through the smart contract. Yeah that will be the process of their mining services or contract to their investors, Every month they will going to send the shares of their investors via Eth. the mega vault wallet sounds like a mining tracker owned by everyone. its going to play more roles than just a tracker, it would serve as a 'CMC' for Securix token price. when the number of mined tokens is high and profit is estimated to be high, then the price of securix would go really high. |
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Was already waiting for that update. They wrote that they have deployed their ERC-20 compliant token on testnet. So does this mean they are going to distribute the tokens from private sale and airdrop soon? i guess they should. on listing on huobi exchange, there investors should be able to trade that on the exchange, while interested people from restricted countries would hop in to get some COVA. its really a big week for COVA team. Bringing in two Professors from Harvard. |
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most mining companies or farm or pools would give an estimation of how much they would pay in their mine. but with a percentage like minedblock gives, there needs to be a strategy to make the amount of tokens mined transparent to investors. i think without that investors would be paid off with any amount.
whats minedblock transparency plan?
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Guys anybody visited to their twitter? Recently they updated Biweekly report and Voting link for Cova listing on Huobi platform. Visit their twitter profile: https://twitter.com/covatokenThanks for the updates buddy. I visited to this link and found voting link is also available in this twitter profile. i saw the tweet today but i have not checked it out i believe they have some cool update for their community and also i would want to know their stand on the current situation of the market while the market looks to be crashing COVA protocol is pumping and has been on a run. its really good to see already looking out to HUOBI for listing in the early start of the project. whats do you get on wining the listing voting by COVA? |
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i know of a few mining facility, a bit older with a strategy to make profits while maintaining farm. securix would prefer to make payout passive and monthly with an already set 45% of profit to be distributed to holders of securix token.
how transparent would securix be?
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I learnt your ICO was a success, what was your soft cap set at?
exactly my point, there is nothing as sweet as transparency. I would also love that the team make a transparent report on their website or other medium on the progress of the pre ico and the general activities of the project, so that investors won't be in the dark. |
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while going through the white paper of minedblock, I realized they are more into mining as some part of the funds realized from the ICO sale will be used for mining. How then do investors hope to make tangible gains considering the recent recession being faced by the cryptocurrency world.
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Onam is a truly scalable and Innovative exchange that is ushering in a new era of MLK standardization in digital asset trading. I like the fact that Onam is placing an emphasis on adhering to compliance, security, and usability.
Let us see when usage start on the MVP I think that is when the real magic would happen. What you said is what is claimed. One thing I've notice about them is that they are taking compliance seriously even the mvp require a kyc. I spoke with team about MVP release I was told about the fact there is a cosmetic addition to the current MVP that's why there seem to be a delay I anticipate a very great product Thanks for the information. would be great if the team would post about that here. I understand there would be a few additions and that cool. i guess that is because the want the make sure they do it right. BTW is there a date for the release? |
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Message from our CEO.
"We are officially in the final stages of security audit of the MVP/BETA of ONAM Exchange. If everything goes well we should be live in just a few hours."
"MVP was originally meant to be released at the end of November and only showcase UI and Matching engine, but we decided to step it up and technically will be releasing the Beta version of the Crypto to Crypto trading of the platform."
"I am humbled by the support of our community and investors. Over $1.25M raised in the last 45 days and countless partnerships secured. Thank you."
Keep an eye on onam.io
Big things are coming.
Thanks for your reply. Always nice to hear someone from the team stepping by in BCT. Is the $1.25M raised the total number or are there still open/pending transactions that are not calculated yet? That would mean you raised around 50% of your softcap, right? That would be a really low softCap. It’s unlike most projects that set a high softCap and wouldn’t reach it. Btw, a few more extra days for the beta version of the app isn’t a bad idea. Hopefully, the release of your app helps INAM to reach the hardcap and probably build more partnerships. I will personally applaud any project who manages to get to soft cap let alone hard cap in this bearish market. If Onam has claimed to raised above half of the cap, I think it's impressive. All the same, I am on the look out to see how this unfolds finally I share same sentiment, like i said. It's not easy for projects in this bearish market. The interesting thing is that so many projects keeps springing up by the minute |
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No to what I understand it’s on both sides their taking the power away from the site and giving it to the consumers to protect their own information and grant permission
That makes the idea of a decentralized economy. Every user has the right to person data. Decision on how much of your data is private could be made by the user by clicking a few buttons. Exactly, gone are the days of relying on a site owner to dictate how one's data should be used. Covalent is the future guys!! there are so many projects out there looking out for investors to coming in and later end the whitepaper ideas on and exchange. no utility, no working product. they make blockchain look like a joke. no wonder they end up on exchanges and are very well affected by bitcoin prive rise and fall. for COVA they got a nice idea on paper, and i heard there would be testnet soon, well i see thats the trend, no MVP no Investors. lets see how this works out. |
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congratulations to the Onam team on the recent development in the fund raised in getting close to the soft cap. This is something laudable as far as I am concerned considering the current market movement |
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Message from our CEO.
"We are officially in the final stages of security audit of the MVP/BETA of ONAM Exchange. If everything goes well we should be live in just a few hours."
"MVP was originally meant to be released at the end of November and only showcase UI and Matching engine, but we decided to step it up and technically will be releasing the Beta version of the Crypto to Crypto trading of the platform."
"I am humbled by the support of our community and investors. Over $1.25M raised in the last 45 days and countless partnerships secured. Thank you."
Keep an eye on onam.io
Big things are coming.
Thanks for your reply. Always nice to hear someone from the team stepping by in BCT. Is the $1.25M raised the total number or are there still open/pending transactions that are not calculated yet? That would mean you raised around 50% of your softcap, right? That would be a really low softCap. It’s unlike most projects that set a high softCap and wouldn’t reach it. Btw, a few more extra days for the beta version of the app isn’t a bad idea. Hopefully, the release of your app helps INAM to reach the hardcap and probably build more partnerships. I will personally applaud any project who manages to get to soft cap let alone hard cap in this bearish market. If Onam has claimed to raised above half of the cap, I think it's impressive. All the same, I am on the look out to see how this unfolds finally |
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that's a whole lot of points to watch out for when looking out to join a bounty. i look out for trust worthy project, i wouldn't like to promote a project that is full of red flag and can be a scam. best is to take time to find out the best bounty. i would ask which bounty had the best return for each one of us and how we got to know about the bounty, but that would be next time.
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its good to be optimistic. most cryptoholders are optimistic sometimes changing to the other side but comes back to realize that's the only option. the first payment is always appreciated, already i can see you realized that and you are making plans to make more. but that is going to take more effort from you, unlike what you put in for your first payment.
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