[ANN] xxxxx

[onlytemporary]

Hi,
I have promoted WCX on a forum, and 3 people have successfully joined under my referral link but some people tried to join on WCX using my ref link and they told me that they are seeing an error message that says "Your referral is banned for spam" . My account is still working and its not banned but i wonder why are those people getting that message? I have only posted my ref link on a single forum once. So why is this happening to some of the people that i referred? Here is my ref link please review my account and fix it if it has any problems - https://wcex.co/?ref=caHsaug ( I dont wanna share my email publicly thats why i gave you my ref link. but if you want i can pm you y email)

The same situation! My account is still working but "Your referral is banned for spam" for my friends! I didn't do any spam at all! We will see what is going to happen! I hope i won't lose my coins.

Read post #1385, just a couple posts above your post I quoted. The Dev answers the same question within his post. Looks like it depends where the click generated from.

[1714499039]

1714499039

[1714499039]

1714499039

[coldmoldy]

Does Beta changed to Alpha for Sept 1 launch? I'm sure i was signing for Beta earlier...

Yes beta was changed to Alpha. We named it Alpha since the exchange is stable and functional (a beta usually connotes instability).

Hmm.. I always thought Alpha came before Beta testing and connotes even more instability.

[Yurickz]

Have the Sept 1st trial participants been chosen already?

[wcxofficial]

Have the Sept 1st trial participants been chosen already?

No, they will be notified on Sep 1 or the day before by email.

[JoshuaT]

@WCXOfficial  can you give us a ballpark of the coin cap?

In the millions or billions?   

I'd be super pissed if I bought and then found out there was 100 billion coins.

[DigitalDan]

Does Beta changed to Alpha for Sept 1 launch? I'm sure i was signing for Beta earlier...

Yes beta was changed to Alpha. We named it Alpha since the exchange is stable and functional (a beta usually connotes instability).

Hmm.. I always thought Alpha came before Beta testing and connotes even more instability.

After reading that Alpha versions are more stable as Beta..... I am out of this, not investing a dime.

[MrLitex]

Does Beta changed to Alpha for Sept 1 launch? I'm sure i was signing for Beta earlier...

Yes beta was changed to Alpha. We named it Alpha since the exchange is stable and functional (a beta usually connotes instability).

Hmm.. I always thought Alpha came before Beta testing and connotes even more instability.

After reading that Alpha versions are more stable as Beta..... I am out of this, not investing a dime.

The site specifies a beta version. I quote "Beta Launch. 9.1.17" - maybe the manager incorrectly put it here. Rather, it would be more appropriate to "release a candidate" or "gamma version."

[MrLitex]

@WCXOfficial  can you give us a ballpark of the coin cap?

In the millions or billions?  

I'd be super pissed if I bought and then found out there was 100 billion coins.

Somewhere I saw, like in the translations of this topic, that IKO is planning to collect 50 million dollars. If we take into account that 1 dollar = 10 wcx, then there will be 500 million tokens.But I'm not sure that this information is reliable and is official.

[coldmoldy]

Does Beta changed to Alpha for Sept 1 launch? I'm sure i was signing for Beta earlier...

Yes beta was changed to Alpha. We named it Alpha since the exchange is stable and functional (a beta usually connotes instability).

Hmm.. I always thought Alpha came before Beta testing and connotes even more instability.

After reading that Alpha versions are more stable as Beta..... I am out of this, not investing a dime.

I'm also out, too many red flags.

Beta version being changed to an "Alpha" version to denote more stability... lol.

Hidden cap on the ICO - why hide the cap? The only reason to do this is because the cap is so high it would deter investors, or the cap doesn't actually exist at all.

Zero information about team members other than the "trusted escrow" - this leaves us with no information about their experience in running an exchange, what happens if this exchange gets hacked a month after going live because their tech team has minimal experience?

What about the business development side of their team? You need to have connections and be able to bring in large whales to provide liquidity for an exchange. Can this anonymous team do that? I understand they're going to pay the market maker a small fee, but as a whale, why would I trust the security of this particular exchange with millions of dollars?

How many people are on the team in total? What if these guys have 30 of their buddies on payroll, how are they going to make a profit?

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange. I doubt they're going to be able to run a profitable exchange when their fees are 4x lower than every other exchange. They're just going to end up eating into the money they raise in this ICO in order to stay alive.

I would think carefully before dumping too much money into this ICO.

[hamnchess]

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange.

Proof,source or just speculation? Until recent bitfinex wasn't even make $250K a month.

[coldmoldy]

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange.

Proof,source or just speculation? Until recent bitfinex wasn't even make $250K a month.

Sure, my source is the CTO of a major exchange.

I've also seen financials of other exchanges that had approached me for funding as an investor.

[hamnchess]

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange.

Proof,source or just speculation? Until recent bitfinex wasn't even make $250K a month.

Sure, my source is the CTO of a major exchange.

I've also seen financials of other exchanges that had approached me for funding as an investor.

U expect us to believe theat?

Btw my friend is the CEO of Poloniex, he's tremendous, very fine guy

[MrLitex]

Have any of you seen the financials of a typical exchange? It's going to cost these guys about $250k per month if they're going to run a serious exchange.

Proof,source or just speculation? Until recent bitfinex wasn't even make $250K a month.

Sure, my source is the CTO of a major exchange.

I've also seen financials of other exchanges that had approached me for funding as an investor.

Please, stop trolling or troll with arguments, thank you.

[JoshuaT]

U expect us to believe theat?

You believe WCX, so sure, why not?

[flattail]

Addressing the Important Question of Coin Cap I did the math!  

From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.

• $1B/day in volume, with a fee of 0.1% yields fees of $1,000,000/day * 30 days/month = $30 million/month in profits
• 20% of $30m = $6 million/month to be shared with token holders
• $1,500/$6,000,000 = 0.00025. That proportion of money is based on my proportion of coins. Hence, 250,000 coins/.00025 = 1,000,000,000 coins total

So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).

Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.

[JoshuaT]

Addressing the Important Question of Coin Cap I did the math!  

From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.

• $1B/day in volume, with a fee of 0.1% yields fees of $1,000,000/day * 30 days/month = $30 million/month in profits
• 20% of $30m = $6 million/month to be shared with token holders
• $1,500/$6,000,000 = 0.00025. That proportion of money is based on my proportion of coins. Hence, 250,000 coins/.00025 = 1,000,000,000 coins total

So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).

Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.

Yes but, 'any unsold coins' will be destroyed after the ico, with more/new ones never to be sold in the future.

So that could cut the number of coins down to some number.  Unless they have a set number of coins and sell out.

Either they have a set number of coins and will 100% sure sell out, or they end up with less coins and the proposed monthly payouts are off, or they sell more than a billion coins, and again the math is off.

I'm no math whizz, but those proposed payouts pre volume level are just guesses unless they've planned a small number of coins that will for sure sell out.

What if there's 100 billion coins and they sell 2 billion?  What if there's 2 billion coins and they sell out?  What if there's 1 billion coins and they only sell 600  million, thus destroying the remaining 400 million (if they do, but they don't have to destroy anything since they never announced how many total coins there are).

What if you put in $25k and the actual payout is only 1/4 of what they stated on the calculator?

[hamnchess]

Addressing the Important Question of Coin Cap I did the math!  

From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.

• $1B/day in volume, with a fee of 0.1% yields fees of $1,000,000/day * 30 days/month = $30 million/month in profits
• 20% of $30m = $6 million/month to be shared with token holders
• $1,500/$6,000,000 = 0.00025. That proportion of money is based on my proportion of coins. Hence, 250,000 coins/.00025 = 1,000,000,000 coins total

So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).

Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.

Yes but, 'any unsold coins' will be destroyed after the ico, with more/new ones never to be sold in the future.

So that could cut the number of coins down to some number.  Unless they have a set number of coins and sell out.

Either they have a set number of coins and will 100% sure sell out, or they end up with less coins and the proposed monthly payouts are off, or they sell more than a billion coins, and again the math is off.

I'm no math whizz, but those proposed payouts pre volume level are just guesses unless they've planned a small number of coins that will for sure sell out.

What if there's 100 billion coins and they sell 2 billion?  What if there's 2 billion coins and they sell out?  What if there's 1 billion coins and they only sell 600  million, thus destroying the remaining 400 million (if they do, but they don't have to destroy anything since they never announced how many total coins there are).

What if you put in $25k and the actual payout is only 1/4 of what they stated on the calculator?

The calculator is base on 1 billion tokens, so $100M, I confirm with it. So its the cap of ICO, mean if less is raise , the remaining supply is destroyed, which mean payout will be more than what caluclator says, not less.

[wizzard0]

@WCXOfficial registering on the website gives "this email domain is not allowed", care to help?
* the domain is http://tvori.info, my personal website

[wcxofficial]

@WCXOfficial registering on the website gives "this email domain is not allowed", care to help?
* the domain is http://tvori.info, my personal website

.info domains were banned due to a disproportionate number of spam registrations received from them. Apologies for this - please try a gmail or protonmail address.

[wizzard0]

.info domains were banned due to a disproportionate number of spam registrations received from them. Apologies for this - please try a gmail or protonmail address.

I see. Sad to hear that. How do you distinguish between "real" and spam registrations btw? (interested for own projects, can discuss in PM)