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Author Topic: [ANN][ICO] WCX – Digital currency exchange built by ex Apple engineers  (Read 174652 times)
mmo4me.2016
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July 25, 2017, 03:06:45 AM
 #301

Thanks again for your replies and questions. Please find our answers below.

(Here's a link to our previous answer wiki: https://bitcointalk.org/index.php?topic=2026078.msg20340135#msg20340135)

I can't wait to read the whitepaper. When it will be available?

This will become available within the next couple of weeks. More information about the ICO fund distribution, team, etc. will also be made available.

What currencies can be used to purchase WCX tokens during the ICO?

BTC and ETH. If there's enough interest we can accommodate for other currencies as well.

Are there deposit or withdrawal limits?

No.

Will you have a chatbox?

Yes.

Is it a decentralized exchange?

No, not at first. Decentralization of user wallets is on our roadmap for 2018.

How will you compete with incumbent exchanges?

Considerably lower fees, awesome customer service, and radically better user experience.

What will happen after the ICO with unsold tokens?

Unsold tokens will be burned.

If you invite more than 250 people using the referral system at https://wcex.co, will they be counted?

Yes. There is no limit to how many people you can invite. 250 is the max shown on the progress bar, but your balance will keep increasing if you refer more.

Where will WCX tokens be traded?

They will be traded on WCX with bases BTC, ETH, and USDT.

Can we withdraw the WCX tokens from our account?

Not yet. WCX token is an ERC20 token so you'll be able to withdraw it to your Ethereum wallet.

How will the commissions be paid to WCX token holders if they're held in an Ethereum wallet?

Payments will be made to your WCX wallet. You'll be getting paid in all sorts of digital currencies, since WCX collects fees in many different digital currencies. If your WCX tokens are held outside of WCX itself, you'll be able to provide an ETH address on your account that we'll monitor when making payments to you.

Will you offer derivatives at launch time?

No. Margin trading is on the roadmap for 2018.

Please add BNT, OMG, MYST, TAAS, PLBT.

These have been added to the voting form here: https://docs.google.com/forms/d/e/1FAIpQLSdkFM1HKmTfhDeJ5Acn5hstJFi_Mcj8KIgMk7fpvOxJ2Ua5aA/viewform?usp=sf_link

Please let us know by replying in this thread if there are coins you'd like to trade that are not listed on the voting form.

Do WCX tokens give me voting rights concerning decisions made for the exchange?

Decisions on which coins and markets to add next will be made based on public interest and voting.

Will the ICO announcement such as date and so on be posted on this thread, or will it be on another thread on the ANN subforum?

We'll notify users on this thread, Twitter, and through email if you registered at https://wcex.co.

If a friend of mine invites another friend, will I benefit?

No. You'll get credited for the first level of friends you invite (not multi-level).



Thanks your info, But How many coin will great in ICO and total WCX  coin ?
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July 25, 2017, 03:38:24 AM
 #302

I am waiting for the whitepaper to come out. Specifically, I would like to know how WCX is going to be different from other exchanges. Yes, having a low transaction fee is a differentiaiter but what specific steps are being taken/would be taken to generate volume because volume is the key. Attracting folks from other exchanges would be a tough job. People get comfortable with an exchange and tend to trade there only. The other aspect is the repeated hacking attempts on exchanges. How will the security of WCX is going to be?

Awaiting answers to the above questions.

In order to be successful, WCX must have unique and attractive features, which will help to gain more users. Without generating huge volume, there would be no different among all the other small exchanges. I agreed, an exchange without huge volume can't be successful. Thus, I hope WCX team will bring to us some good features that other exchanges don't have.

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July 25, 2017, 03:49:37 AM
 #303



What WCX is doing is commendable. It is not only lowering the entry barrier by having a lower fee but also encouraging people to participate in the crypto revolution. I am a blogger and content writer let me know if I can be part of any promotion/bounty
Have already registered and submitted my twitter handle, taken the survey and submitted my BTC address

Hello Bitcointalk!

We're excited to announce WCX, a new crypto exchange set to launch on 10.10.17.

https://wcex.co

Answer Wikis

Answers to questions that have come up frequently in this thread have been posted in the replies below:

https://bitcointalk.org/index.php?topic=2026078.msg20340135#msg20340135
https://bitcointalk.org/index.php?topic=2026078.msg20362180#msg20362180


What sets WCX apart?

- Tiny Fees. Up to 10 times cheaper than what's already out there. And if you're a market maker (a trader who places limit orders on the book), you're paid, instead of charged, when your orders are filled.
- Team. Comes from Apple, IBM, Deutsche Bank, and has a lot of experience building scalable services.
- Security. 98% of funds in cold storage. Segregated server infrastructure. Deep security expertise on the team.
- Scalability. A trading engine built by Wall Street veterans. Field tested for years. Relays 1M+ transactions, no pressure.
- Global & Anonymous. Trading's open to people of all countries. No ID checks.
- And more on wcex.co.


Revenue Sharing with WCX Tokens

To allow early customers to participate in the exchange's success, we're issuing WCX tokens in an ICO set for 9.9.17. WCX token holders are paid a portion of the revenue WCX makes through fees, in amounts equivalent to each holder's share of the total amount of tokens.

Since WCX collects fees and pays out token holders in all sorts of digital currencies, holding WCX tokens is equivalent to holding an income portfolio of diverse digital currencies.

You can earn WCX tokens for free by doing any of the following:

- Signing up at wcex.co
- Referring people to wcex.co using your unique link (find it on the site after you sign up)
- Following WCX on Twitter (@wcxofficial) - complete this form: https://docs.google.com/forms/d/e/1FAIpQLSdQGjcPeQRxLkYqwium_dTJ5cGuhKfX_tzlR-c-NOOfS814XA/viewform
- Voting on which assets you'd like to trade on WCX - complete this form: https://docs.google.com/forms/d/e/1FAIpQLSdkFM1HKmTfhDeJ5Acn5hstJFi_Mcj8KIgMk7fpvOxJ2Ua5aA/viewform


To be clear: WCX will not be decentralized at launch time. Decentralization is on our roadmap for 2018 when we believe we'll have attracted enough volume and interest to offer a successful, high liquidity decentralized service.

Promotions

For a limited time:

- New: Earn 100 WCX tokens (~ $10) for free when you sign up at https://wcex.co.

- Earn $10 in BTC for every relevant comment you make in this thread till 7/30.

You must have at least 5 posts on your account to qualify (to prevent spam from new accounts).

Up to 40 comments total (not per user). Enter your bitcoin address on this form to participate (if it's already there, no need to re-enter it): https://docs.google.com/forms/d/e/1FAIpQLSfDog8XCZfO-mQc7QXDSQX557tr8qd8gS8P2WQ3LrDRhuxayA/viewform.

- Payouts for last week's promotion have been made and can be seen on this spreadsheet: https://docs.google.com/a/wcex.co/spreadsheets/d/1aj1li3kkXy94VJ6VNyv5qGJMss9cMdYwkoQRgBTixBA

Negative trust accounts are not eligible for rewards.

Translations

Please reserve by replying in this thread. Chinese, Russian, Hindi, Filipino, Indonesian, Italian, Spanish, German, French, Turkish


– The WCX Team




What WCX is doing is commendable. It is not only lowering the entry barrier by having a lower fee but also encouraging people to participate in the crypto revolution.

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July 25, 2017, 03:52:16 AM
 #304

What will the transaction fee be for withdrawals?

No withdrawal fees (beyond the network fee).

Thanks your info, But How many coin will great in ICO and total WCX  coin ?

This information will be released soon. We will notify you of updates here, on Twitter, and by email.

I am waiting for the whitepaper to come out. Specifically, I would like to know how WCX is going to be different from other exchanges. Yes, having a low transaction fee is a differentiaiter but what specific steps are being taken/would be taken to generate volume because volume is the key. Attracting folks from other exchanges would be a tough job. People get comfortable with an exchange and tend to trade there only. The other aspect is the repeated hacking attempts on exchanges. How will the security of WCX is going to be?

Awaiting answers to the above questions.

In order to be successful, WCX must have unique and attractive features, which will help to gain more users. Without generating huge volume, there would be no different among all the other small exchanges. I agreed, an exchange without huge volume can't be successful. Thus, I hope WCX team will bring to us some good features that other exchanges don't have.

Considerably lower fees, awesome customer support, and radically better user experience. This is in addition to the unique revenue sharing structure that's available through WCX tokens through which you receive part of the exchange fee revenue if you hold WCX tokens.

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July 25, 2017, 04:15:46 AM
 #305

What will the transaction fee be for withdrawals?

No withdrawal fees (beyond the network fee).

Thanks your info, But How many coin will great in ICO and total WCX  coin ?

This information will be released soon. We will notify you of updates here, on Twitter, and by email.

I am waiting for the whitepaper to come out. Specifically, I would like to know how WCX is going to be different from other exchanges. Yes, having a low transaction fee is a differentiaiter but what specific steps are being taken/would be taken to generate volume because volume is the key. Attracting folks from other exchanges would be a tough job. People get comfortable with an exchange and tend to trade there only. The other aspect is the repeated hacking attempts on exchanges. How will the security of WCX is going to be?

Awaiting answers to the above questions.

In order to be successful, WCX must have unique and attractive features, which will help to gain more users. Without generating huge volume, there would be no different among all the other small exchanges. I agreed, an exchange without huge volume can't be successful. Thus, I hope WCX team will bring to us some good features that other exchanges don't have.

Considerably lower fees, awesome customer support, and radically better user experience. This is in addition to the unique revenue sharing structure that's available through WCX tokens through which you receive part of the exchange fee revenue if you hold WCX tokens.


How can we withdraw WCX coin from wcex.co account after registering? Is there a withdraw feature or is there a box to enter specific wallet to receive the coin?

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July 25, 2017, 04:18:39 AM
 #306

Is it standalone alt or based on ETH or waves. Not clear from your ANN
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July 25, 2017, 04:20:25 AM
 #307

Is it standalone alt or based on ETH or waves. Not clear from your ANN

According to the first post, the WCX token will be based on the ETH blockchain Smiley

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July 25, 2017, 04:21:14 AM
 #308

How can we withdraw WCX coin from wcex.co account after registering? Is there a withdraw feature or is there a box to enter specific wallet to receive the coin?

This isn't available yet but will be around ICO time.

Is it standalone alt or based on ETH or waves. Not clear from your ANN

It's an ERC20 token (Ethereum blockchain).
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July 25, 2017, 04:25:31 AM
 #309

How can we withdraw WCX coin from wcex.co account after registering? Is there a withdraw feature or is there a box to enter specific wallet to receive the coin?

This isn't available yet but will be around ICO time.

Is it standalone alt or based on ETH or waves. Not clear from your ANN

It's an ERC20 token (Ethereum blockchain).

What is the specific percent of free WCX token distribution via registration process? I mean how many percent for free distribution? How many percent for ICO and all the other percentages?

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July 25, 2017, 04:30:02 AM
 #310

How can we withdraw WCX coin from wcex.co account after registering? Is there a withdraw feature or is there a box to enter specific wallet to receive the coin?

This isn't available yet but will be around ICO time.

Is it standalone alt or based on ETH or waves. Not clear from your ANN

It's an ERC20 token (Ethereum blockchain).

What is the specific percent of free WCX token distribution via registration process? I mean how many percent for free distribution? How many percent for ICO and all the other percentages?

ICO fund distribution details will be released, along with the whitepaper and other documents, in the coming days and weeks. At this time we can say that the ICO is capped and any unsold tokens will be burned.
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July 25, 2017, 04:46:50 AM
 #311

Hi,
I go to https://wcex.co , give my email address in the box and hit "Get My Link" but nothing happen. I also checked my email!

you must disable your adblock then it works.
Thank you, It work now  Grin Grin Grin Grin
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July 25, 2017, 04:55:27 AM
 #312

I reseved translation in indonesia....
it's very good, but i confused how thats working....
how withdraw the coins?
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July 25, 2017, 04:58:46 AM
 #313

Good afternoon. Specify what you mean by speaking to a non-decentralized exchange at stage 1?
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July 25, 2017, 06:07:20 AM
 #314

WCX token holders are paid a portion of the revenue WCX makes through fees, in amounts equivalent to each holder's share of the total amount of tokens.


Can you tell me more detail about this?
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July 25, 2017, 06:13:42 AM
 #315

WCX token holders are paid a portion of the revenue WCX makes through fees, in amounts equivalent to each holder's share of the total amount of tokens.


Can you tell me more detail about this?
20% of commission fees are paid to the holders of the tokens
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July 25, 2017, 06:21:46 AM
 #316

WCX token holders are paid a portion of the revenue WCX makes through fees, in amounts equivalent to each holder's share of the total amount of tokens.


Can you tell me more detail about this?

I am not a rep, but it is clearly an investment plan. Because tokens won't be free, you will have to invest money by buying them and holding them to get a return. It is not very different from BitConnect even though it is a completely different system.
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July 25, 2017, 07:29:57 AM
 #317

I think there's some error in referring friend.
i have referred more than 5 ppl but it just counted 2
how the refering system work? Huh
levyashin
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July 25, 2017, 07:40:48 AM
 #318

i send a referral to my friend. he said when he try to join, he is getting

"Account is already in use." error. his adblock is closed.


what are we doing wrong?

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July 25, 2017, 08:14:03 AM
 #319

Hello,

Is the french translation taken ? If not, I would like to do it ! (If you could send me a PM to confirm it would be perfect).

More over, do you plan to integrate crypto-trading tools ? ( Chartes related studies, portfolio in real-time value balances, etc ... )



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July 25, 2017, 08:21:31 AM
 #320

What is the minimum amount to collect ICO?
 
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