MattBerglund (OP)
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March 15, 2019, 03:46:32 AM |
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Hi traders, I have posted this in Bitcoin discussion but I felt the necessity to post it again here since it's all about trading. BaseFEX is a new crypto derivatives exchange we developed to fix the common issues other exchanges suffers, such as server overload, security, transaction reliability. we used some cut-edge techs to have achieved that. We have been recruiting elite traders to test the hell out of it, and now is a good time to test it with a bonus, in the actual trading. 80,000 USD equivalent prizes for you to earn, in an 1-week contest starts just now. Check it out at https://www.basefex.com/new/btcusd-contestNews reports: https://thecoinshark.net/basefex-giving-away-80-000-as-prizes-of-its-bitcoin-futures-trading-contest/https://www.cryptoninjas.net/2019/03/11/basefex-holding-a-bitcoin-futures-trading-contest-giving-away-prizes-of-20-btc/ |
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Bitinity
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SOL.BIOKRIPT.COM
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March 15, 2019, 04:28:53 AM |
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Dont they have official ANN thread in this forum? I tried to search it but failed to find an official ANN thread of BaseFEX. Read the info you provided on the link "thecoinshark", it is being said that BaseFEX supports 100x leverage. This reminds me with the fishy site which offers a great amount of money ($1m) for their referral contest but with fishy terms for the winning prizes as well.
How about this one? Is there any requirements for winners to withdraw the winning prizes from the contest? I cant find the full terms related to the prize of the contest.
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elda34b
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March 15, 2019, 05:46:15 AM |
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Looks like trading contest has become a trend. But x100 leverage in a new site looks fishy, is there any source of funds that public can verify anytime?
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MattBerglund (OP)
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March 15, 2019, 08:26:18 AM
Last edit: March 15, 2019, 09:59:09 AM by MattBerglund |
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Working on the ANN thread right now.
Regarding the 100x Leverage, it's an option, not a must. A high leverage could be a very handy tool in a well-organized trading strategy, however, high leverages means high risks, definitely not recommended for unexperienced traders. I settle for 5x - 10x, for instance.
Regarding withdrawal: You can withdraw from your wallet any time.
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Jating
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March 15, 2019, 09:21:46 AM |
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Working on the ANN thread right now.
Regarding the 100x Leverage, it's an option, not a must. A high leverage could be a very handy tool in a well-organized trading strategy, however, high leverages means high risks, definitely not recommended for unexperienced traders. I settle for 5x - 10x, for instance.
Yes, it better if you created a ANN thread so that all queries, doubts and questions can be answered in just one "official" thread. The price looks encouraging to say the least, so I'm sure a lot of newbies to experienced traders will join this contest. |
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MattBerglund (OP)
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March 15, 2019, 10:00:45 AM |
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Working on the ANN thread right now.
Regarding the 100x Leverage, it's an option, not a must. A high leverage could be a very handy tool in a well-organized trading strategy, however, high leverages means high risks, definitely not recommended for unexperienced traders. I settle for 5x - 10x, for instance.
Yes, it better if you created a ANN thread so that all queries, doubts and questions can be answered in just one "official" thread. The price looks encouraging to say the least, so I'm sure a lot of newbies to experienced traders will join this contest. Thanks, great advice! |
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liuqi
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LuckyB.it is Back!
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March 15, 2019, 03:23:43 PM |
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Working on the ANN thread right now.
Regarding the 100x Leverage, it's an option, not a must. A high leverage could be a very handy tool in a well-organized trading strategy, however, high leverages means high risks, definitely not recommended for unexperienced traders. I settle for 5x - 10x, for instance.
Yes, it better if you created a ANN thread so that all queries, doubts and questions can be answered in just one "official" thread. The price looks encouraging to say the least, so I'm sure a lot of newbies to experienced traders will join this contest. Thanks, great advice! I just saw your website it was a great chance to 100 lucky winner and best traders. But this promotion was not popular at the moment so you must create a proper ANN thread and circulate the many forum is a right way to increase the users. You must upload the proof of fund because majority of the members are not believe your words. I hope your efforts make big success in future. |
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1Referee
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March 15, 2019, 07:21:48 PM |
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It seems to be a trend for exchanges to reward people with $5-$10 amounts, but this seems rather extreme to be honest. Another thing is that the site looks a lot like Bitmex, which is quite a negative in my opinion. It's not that it looks bad or something, but it gives me the impression that the operators behind the site didn't put much effort in having their exchange stand out with a refreshing design. Or perhaps I'm too demanding.  |
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MattBerglund (OP)
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March 18, 2019, 04:00:36 AM |
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It seems to be a trend for exchanges to reward people with $5-$10 amounts, but this seems rather extreme to be honest. Another thing is that the site looks a lot like Bitmex, which is quite a negative in my opinion. It's not that it looks bad or something, but it gives me the impression that the operators behind the site didn't put much effort in having their exchange stand out with a refreshing design. Or perhaps I'm too demanding. Quite the opposite. We try our best not to be BitMEX on the inside - minimize our downtime, nearly zero server overload, much more smooth and reliable trading experience. We don't come here and challenge the big fellas with bare hands  |
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traderethereum
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March 18, 2019, 05:47:21 AM |
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It seems to be a trend for exchanges to reward people with $5-$10 amounts, but this seems rather extreme to be honest. Another thing is that the site looks a lot like Bitmex, which is quite a negative in my opinion. It's not that it looks bad or something, but it gives me the impression that the operators behind the site didn't put much effort in having their exchange stand out with a refreshing design. Or perhaps I'm too demanding. That will be good for people to start trading especially for new people who wants to try trading because at least, they can have a budget to start. Quite the opposite. We try our best not to be BitMEX on the inside - minimize our downtime, nearly zero server overload, much more smooth and reliable trading experience. We don't come here and challenge the big fellas with bare hands Yes, that will be a good answer for us since every exchange should be different than the others. Your exchange should have a unique method and don't be like a copycat from the other exchanges. It will be hard, but as long as you can keep trying to give the best services to the members, I am sure that the exchange will grow fast too. |
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ricardobs
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March 18, 2019, 04:18:01 PM |
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Can you show us how you were able to fix the problem of security and not just telling us that you have fixed the problem of security only for you guys to come back and begin to tell us stories when we see an hack in the platform.
Is it possible for you guys to show us the source code that made the security of your exchange better than most exchange in existence. I make use of binance for my trading activities but I don't mind swapping to yours if it can be proving.
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alisafidel58
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March 25, 2019, 07:48:13 AM |
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Wow, seems like your contest was a big hit. Congratulation to that. |
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Bitinity
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SOL.BIOKRIPT.COM
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March 25, 2019, 12:08:49 PM |
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More than 1.5 billion USD in volume for a week? That's absolutely a huge amount. I do not mean to be negative thinking, it it sounds too good to be true to be honest as it is a half amount of the last 7days volume at Binance. |
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Zadicar
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Seabet.io | Crypto-Casino
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March 25, 2019, 06:11:45 PM |
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More than 1.5 billion USD in volume for a week? That's absolutely a huge amount. I do not mean to be negative thinking, it it sounds too good to be true to be honest as it is a half amount of the last 7days volume at Binance. Its too good to be true actually and if this volume is real then this do already make a sound but so far im not even aware that this contest is happening.If it gaines 1.5B on a short span of time then most likely these would be featured into some news site. Am I right? |
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milewilda
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March 25, 2019, 07:00:43 PM |
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More than 1.5 billion USD in volume for a week? That's absolutely a huge amount. I do not mean to be negative thinking, it it sounds too good to be true to be honest as it is a half amount of the last 7days volume at Binance. Its too good to be true actually and if this volume is real then this do already make a sound but so far im not even aware that this contest is happening.If it gaines 1.5B on a short span of time then most likely these would be featured into some news site. Am I right? I cant even believe with these numbers.  |
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MattBerglund (OP)
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March 26, 2019, 01:37:20 PM
Last edit: March 27, 2019, 03:12:13 AM by MattBerglund |
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Hi all,
Thanks for the questions, I will try to explain the biggest concern: the trading volume briefly.
BaseFEX is a crypto futures exchange, to be more precise, a perpetual contract trading exchange. It allows up tp 100x leverage, with several major market makers' help to ensure the liquidity.
100x leverage means a trader can amplify her/his trading volume to 100 times. it also means traders can endure much shorter time (1/100) when holding a position because her/his risks are also amplified.
for example, a trader with 1000 USD, trade with 100x leverage, 10 times a day, can produce 2 million trading volume, or 500 BTC, per day. You are seeing it right: a trader who only trades 10 times a day, can produce a trading volume that equals 2000 times of her/his capital.
Thus the trading volume. Hope this reply explains a little.
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