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Author Topic: [ANN][ICO] WCX – Digital currency exchange built by ex Apple engineers  (Read 173057 times)
wcxofficial
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July 17, 2017, 05:20:03 AM
 #1



New: May 22, 2018

Hello Bitcointalk!

We're excited to announce WCX, a new crypto exchange.

Token sale: https://wcex.com
Exchange: https://wcex.com/exchange

I'm Tomas the CTO. Arno who is responsible for community management is also here.

Story
We started a presale token sale last July and it grew well beyond our expectations. We had an exchange system prepared capable of supporting about 30K traders, but that turned out to be insufficient given the strong demand (currently over 1.6 million signups).

So we went back to the drawing board and built a scalable digital currency exchange, and that led to the first version of our spot exchange.

About WCX
WCX is a digital asset exchange. We have three products: spot exchange, futures exchange, and decentralized exchange.

1) Spot exchange allows you to trade between high market cap currencies like bitcoin, ether, and the USD.
2) Futures exchange (leveraged trading) will launch in Q4 this year.
3) Decentralized exchange will launch in Q1 2019. It's where you can trade digital assets and utility and security tokens directly from your own wallet.

We want to become a place where you can trade and invest in thousands of markets using digital currency.

Our roadmap is laid out on our token sale page here.

Team
We are a small team based in France and moving to Switzerland in the next few months (to the crypto valley). Our team is currently 2 founders, 2 engineers, and support and design contractors some of which will convert to full time roles.

We're very technical and product focused (the 2 founders are software engineers from Apple).

Interview with our CEO: listen here.


Please feel free to ask your questions! I'm happy to respond.

I noticed that there are already a few support questions being posted here. You'll have the best luck reaching out to our support team directly. Here's the link: https://wcex.com/support.

ICO Trackers
WCX on TrackICO (verified)
WCX on ICORanker (verified)

And finally, where you can find us on social media:

Twitter
Blog
Telegram
LinkedIn
Github



WCX - Digital currency exchange https://wcex.com
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Doken
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July 17, 2017, 10:54:02 AM
 #2

I like to reserve Spanish translation of this thread.

My Bitcointalk profile "Doken": https://bitcointalk.org/index.php?action=profile;u=124611

Some Bitcointalk ANN translations:
https://bitcointalk.org/index.php?topic=1921255.0 COINDASH
https://bitcointalk.org/index.php?topic=1960493.0 Skincoin
https://bitcointalk.org/index.php?topic=1960750.0 AdEx Network
https://bitcointalk.org/index.php?topic=1954479.0 OnPlace
https://bitcointalk.org/index.php?topic=1959248.0 Hive Project
https://bitcointalk.org/index.php?topic=1965374.0 Bitquence
https://bitcointalk.org/index.php?topic=1965030.0 Cryptoping
https://bitcointalk.org/index.php?topic=1982868.0 TrueFlip
https://bitcointalk.org/index.php?topic=2012230.0 Opus
https://bitcointalk.org/index.php?topic=2010860.0 Monkey capital
https://bitcointalk.org/index.php?topic=2025400.0 Shoptimizer
https://bitcointalk.org/index.php?topic=2024182.0 Bitclave
https://bitcointalk.org/index.php?topic=2018059.0 SkyWay
https://bitcointalk.org/index.php?topic=1972577.0 BlockCat
https://bitcointalk.org/index.php?topic=1960153.0 Fluence
https://bitcointalk.org/index.php?topic=1954068.0 TenX
https://bitcointalk.org/index.php?topic=2025780.0 Sparc
polat90
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July 17, 2017, 11:22:08 AM
 #3

It would be a great pleasure for me to work with you on this project. So I reserved the Turkish translation for my own name.

Username   : polat90
Profile link : https://bitcointalk.org/index.php?action=profile;u=1013149

previous translations links :
Pillar Wallet
https://bitcointalk.org/index.php?topic=1993493
Indorse
https://bitcointalk.org/index.php?topic=2020629.0
Target Coin
https://bitcointalk.org/index.php?topic=2014606
Bowhead
https://bitcointalk.org/index.php?topic=2023361




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wcxofficial
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July 17, 2017, 04:35:25 PM
 #4

Thanks Doken and polat90, please check PM.

WCX - Digital currency exchange https://wcex.com
topbitcoin
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July 17, 2017, 04:39:38 PM
 #5

I would like to reserve for indonesian translation if needed Smiley


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wcxofficial
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July 17, 2017, 05:20:39 PM
 #6

I would like to reserve for indonesian translation if needed Smiley

Thanks, Indonesian is needed, please check PM.

WCX - Digital currency exchange https://wcex.com
polkacoin
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July 17, 2017, 06:30:14 PM
 #7

The project seems good, so with Apple and IBM people involved. will follow this  Smiley
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July 17, 2017, 06:33:30 PM
 #8

Reserve Filipino translation.

previous works: https://docs.google.com/spreadsheets/d/1xWQlUSUu954750gXlw_fAC6HWG3LkVpifG652vkXXA8/edit?usp=drivesdk

Btw, I'm just starting viewing what this project it and so far it foes look good seeing as how you are planning to give 10x more less fee but how will you actially do it? Exchanges usually earn by fees, that'll mean less revenue. Will that be able to sustain the project?

any other plans for promotions and other bounties?


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ONE PAGER           BLOG

WHITEPAPER

TELEGRAM       TWITTER

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AUTOMATIC COMPENSATION AIRDROPS
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CONSOLATION PRIZES MARKETPLACE
wcxofficial
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July 18, 2017, 01:19:51 AM
 #9

Reserve Filipino translation.

previous works: https://docs.google.com/spreadsheets/d/1xWQlUSUu954750gXlw_fAC6HWG3LkVpifG652vkXXA8/edit?usp=drivesdk

Btw, I'm just starting viewing what this project it and so far it foes look good seeing as how you are planning to give 10x more less fee but how will you actially do it? Exchanges usually earn by fees, that'll mean less revenue. Will that be able to sustain the project?

any other plans for promotions and other bounties?

Thanks jaceefrost, PMed you for Filipino translation.

We're able to provide much lower fees because most of the exchanges out there are overcharging tremendously. The net fee for Bittrex for example is 0.5% per trade. WCX will be under 0.1% and market makers are paid, instead of charged, when they trade.

Current exchanges seem to be run inefficiently and unprofessionally, or mismanaged, which is why we see this as an opportunity to offer a professional, at-cost, client-focused exchange. The fees are too high, or the customer support sucks, or deposits/withdrawals take forever, or the trading engine lags, among other things.

We will have pre-ICO bounties as well as bonuses for early buyers of WCX tokens.

WCX - Digital currency exchange https://wcex.com
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July 18, 2017, 04:52:21 PM
 #10

Signed up on the site. This looks promising. Are you offering bounties beyond WCX tokens? Details like screenshots of the platform? Margin trading?
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July 18, 2017, 07:44:36 PM
 #11

Very interested in this project and just started off by registering for the promotion on this thread so this is good for attracting attention for your offering of a brand new exchange to the bitcoin community.

I am fully for what you have to offer in giving your potential customers some relief in the form of high transactions fees they are paying using other exchanges.

They all feel as if they are being taken advantage of by these other exchanges.
So I do hope you and your exchange do wish to alleviate us all from these higher than normal transactions fees to want to move our own funds around a site or out of a site when you want to.

Thanks.
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July 18, 2017, 08:01:10 PM
 #12

Just applied for the promotion for the 1st 40 comments. So I do imagine I am one of them who qualify. Wink
So here is my question to you and your team.

If you plan to do no IDs required then what limits do you impose so not to cause any issues of accounts being locked due to surpassing the maximum allowed to transfer from an account?

CENTRA

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July 18, 2017, 08:28:53 PM
 #13

A friend of mine sent an invitation link to me today and now I'm here. Will follow the project.

I like the idea of being able to invite friends & earn WCX Tokens.

Quote
20% of all fee revenue generated by WCX is automatically paid out to WCX token holders on a weekly basis, in amounts equivalent to each holder's share of the total amount of tokens.
Nice! Looking forward to seeing this in action.

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July 18, 2017, 10:55:41 PM
 #14

Signed up on the site. This looks promising. Are you offering bounties beyond WCX tokens? Details like screenshots of the platform? Margin trading?

We will be offering bounties pre-ICO as well as bonuses for early buyers in the token sale. Product screenshots will be released over time and margin trading is part of the roadmap for early 2018.


WCX - Digital currency exchange https://wcex.com
wcxofficial
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July 18, 2017, 11:23:39 PM
 #15

Very interested in this project and just started off by registering for the promotion on this thread so this is good for attracting attention for your offering of a brand new exchange to the bitcoin community.

I am fully for what you have to offer in giving your potential customers some relief in the form of high transactions fees they are paying using other exchanges.

They all feel as if they are being taken advantage of by these other exchanges.
So I do hope you and your exchange do wish to alleviate us all from these higher than normal transactions fees to want to move our own funds around a site or out of a site when you want to.

Thanks.

Thanks. Our goal is to provide the lowest fee crypto exchange in the world coupled with the highest quality service.

Just applied for the promotion for the 1st 40 comments. So I do imagine I am one of them who qualify. Wink
So here is my question to you and your team.

If you plan to do no IDs required then what limits do you impose so not to cause any issues of accounts being locked due to surpassing the maximum allowed to transfer from an account?

There will be no limits on withdrawals or deposits. We won't be dealing with fiat or banks, just cryptocurrencies.


Indeed everyone posting qualifies for this week's promotion. Smiley Payouts will be made in lump sum by the end of the week.

WCX - Digital currency exchange https://wcex.com
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July 18, 2017, 11:39:59 PM
 #16

i have question sir.
1. Can you explain in detail intent Up to 10 times cheaper than what's already out there? If your fee is cheap, where do you benefit?
2. What coins will you release in the market later?
3. How much will you charge to trader maker and taker? What's under poloniex or bittrex?
please answer thank you

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July 19, 2017, 01:47:09 AM
 #17

Do you have a whitepaper with the terms of your ICO and fund distribution? You also mention an experienced team: could you include more details and proof?

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July 19, 2017, 06:02:58 AM
 #18

i have question sir.
1. Can you explain in detail intent Up to 10 times cheaper than what's already out there? If your fee is cheap, where do you benefit?
2. What coins will you release in the market later?
3. How much will you charge to trader maker and taker? What's under poloniex or bittrex?
please answer thank you

1. WCX will aim to have the lowest costs and fees of any exchange in the world. This is our driving force. We believe the very low fees as well as our laser focus on customer satisfaction, will drive a large amount of volume and liquidity which will benefit the business. Current cryptocurrency exchanges are tremendously overcharging while also mismanaging their business or running it inefficiently.

2. Base markets to start with are BTC, ETH, and USDT. You can vote for which coins and market pairs you want to see included here: https://docs.google.com/forms/d/e/1FAIpQLSdkFM1HKmTfhDeJ5Acn5hstJFi_Mcj8KIgMk7fpvOxJ2Ua5aA/viewform - you can also let us know if there are particular coins you'd like to trade by replying in this thread.

3. The taker will pay a small fee (e.g. -0.15%) and the maker will get paid, not charged, a fee (e.g. +0.05%). Currently Poloniex nets around 0.4% and Bittrex around 0.5% of every transaction, which are respectively 400% and 500% higher than what WCX intends to charge.

WCX - Digital currency exchange https://wcex.com
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July 19, 2017, 06:27:39 AM
 #19

Do you have a whitepaper with the terms of your ICO and fund distribution? You also mention an experienced team: could you include more details and proof?

The whitepaper, pitch deck, and more details about the ICO / token distribution and team will be released over the next few days and weeks. A rough estimate for token distribution would be 2% in ICO bonuses, 10% for the team, advisors, founders, and 88% in token distribution to the public.

WCX - Digital currency exchange https://wcex.com
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July 19, 2017, 08:55:04 AM
 #20

this sounds promising. i believe a lot in decentralized exchanges but I will also support the good centralized exchanges. i would like to ask more about your team - on the website you state 'Our team comes from Apple, Deutsche Bank, and IBM, and has decades of experience in building secure, distributed, and massive-volume systems.'. Will you publish more information about your team on the site soon? thanks
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