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Author Topic: [ANN][ICO] WCX – Digital currency exchange built by ex Apple engineers  (Read 174311 times)
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July 22, 2017, 02:09:40 PM
 #61

Contrarily to many recent ICOs and token sales, WCX will have a functional product to show pre-ICO and aiming for good traction and volume by the time the ICO ends.

I can only congratulate you for this decision, hats off! A functional product to show and test pre-ICO is something that should become the gold standard of ICOs. Great! Can't wait to use your exchange.

This is indeed something we take very seriously. Product and traction are very important. It's much easier for people to measure the exchange's potential that way. Smiley

Yes!
btw really curious! how many people is your exchange supposed to be able to serve at once?
If its a global exchange I suppose it may have to support 500000 or more people at the same time easily, right?
That's hard to implement well, I think there hasn't been anything of this scope yet
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July 22, 2017, 02:41:03 PM
 #62

The team is what i'm excited to know more of about this project. If it is composed of Apple + Wall St team, we can expect that wxc tokens will have many future uses other than serving as the official token of the site.

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July 22, 2017, 03:12:10 PM
 #63

Like the others, I love the sounds of the development team all being from such prominent backgrounds as well as how this exchange wishes to assist in privacy with the no identification required. The entire premise of this seems promising and I am super excited to see where this goes after launch!
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July 22, 2017, 04:33:16 PM
 #64

more info about this coming out in the next days and weeks, including details about the ICO, more promotions, and likely a BitcoinTalk sig campaign.

Will we get newsletters sent to our mails? And, oh! Bitcointalk Sig campaign? Any specific details on this, or not planned yet? Jr. Member's allowed to join or only for Members+? I'm looking forward to contributing to this exchange's marketing - I have a Twitter account with a lot of followers. Any kind of campaign that involves manual tasks, I'm in too.  Smiley

We don't plan on sending newsletters any time soon but will keep subscribers in the loop with important updates. Yes, we are looking into running a BT sig campaign. Smiley

hm Ok then i have forgotten my password, is there a change that you can reset?

No worries. PM me the email you used to sign up and we'll get that reset for you. Smiley

I'd like to know some more about this point: "Global & Anonymous. Trading's open to people of all countries. No ID checks" - not so much about the ids but other forms of identification. like, will you be logging ip addresses? how do you plan to handle hackers or scammers trying to launder their coins through your exchange? these kinda questions seem very important to me. and lastly, are user's funds held in cold storage? thanks so much for answering all of this.

Security and privacy are fundamental to the design of WCX. Our business model is very straightforward: A great trading experience at very low cost. We don't ask for ID and we don't store IP addresses except in malign cases (a user / users trying to DDOS the service). 98% of customer funds will be stored in cold storage.

Yes!
btw really curious! how many people is your exchange supposed to be able to serve at once?
If its a global exchange I suppose it may have to support 500000 or more people at the same time easily, right?
That's hard to implement well, I think there hasn't been anything of this scope yet

Our trading engine can accommodate around 1 million transactions per second. The UI site itself (outside the API) is built to be scaled to accommodate any number of users.



WCX - 0-fee crypto margin trading https://wcex.com
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July 22, 2017, 08:45:54 PM
 #65

1 million tps is just amazing! Considering that...

"VISA handles on average around 2,000 transactions per second (tps), so call it a daily peak rate of 4,000 tps. It has a peak capacity of around 56,000 transactions per second, however they never actually use more than about a third of this even during peak shopping periods.

PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014."

"Today the Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB."

Source: https://en.bitcoin.it/wiki/Scalability

If this is the truth and your exchange can accomodate around 1M transactions per second, it will definitely be the first of a new type of crypto exchange!
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July 22, 2017, 09:27:08 PM
 #66

sounds really good. Smiley May I suggest some digital currencies for you to consider to list?

the major ETH tokens such as GNT etc
WAVES
XEM
GBYTE

what trading pairs have you planned for now?

New Economy Movement (NEM) https://nem.io
The Movement (MVT) https://bitcointalk.org/index.php?topic=2068554
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July 22, 2017, 10:02:32 PM
 #67

sounds really good. Smiley May I suggest some digital currencies for you to consider to list?

the major ETH tokens such as GNT etc
WAVES
XEM
GBYTE

what trading pairs have you planned for now?
Good suggestions!
But please don't make the same mistake as HitBTC is doing: they decided to enable pre-launch IOU trading, here's an example: https://coinmarketcap.com/currencies/aeternity/
Please don't do this. Just real pairs Smiley What do you think @WCX?
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July 23, 2017, 04:04:29 AM
 #68

good news hope the ico will be bullet proof for hackers and DDOS Wink
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July 23, 2017, 05:37:23 AM
 #69

good news hope the ico will be bullet proof for hackers and DDOS Wink
ICOs like this one will now surely prioritize the security of their website

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July 23, 2017, 06:11:48 AM
 #70

Basing from the statement in your site about Tiny fees, what i can understand from it is that the 10X cheaper fees refers to the 1% fees which some exchanges are getting which means WCX trading fees will be 0.1%. Am I right?
May i reiterate this question of mine? the fees will be 0.1% because what i understood from the statement that fees will be 10x cheaper is that it is referring to the sites which has a fee of 1%

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July 23, 2017, 12:02:53 PM
 #71

- Earn $12 in BTC for every relevant comment you make in this thread till 7/23.

By the way this is an amazing campaign, really! Very generous. Is it over now? I wish I had participated some more because not only is this a great promotional campaign but the exchange in itself is like a project from the future. I'm a follower. Back to the future! Let's trade and earn.
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July 23, 2017, 02:14:57 PM
 #72

I just signed up to your website, but I think your website is still too bare. You need a more detailed roadmap, maybe a shiner infographic and more informations about your team. Also, you say your beate launch happened on January...but where is it? Does it mean we can already trade on your platform?
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July 23, 2017, 02:48:58 PM
 #73

I just signed up to your website, but I think your website is still too bare. You need a more detailed roadmap, maybe a shiner infographic and more informations about your team. Also, you say your beate launch happened on January...but where is it? Does it mean we can already trade on your platform?

I couldn't agree more, the project sounds interesting but the website needs some rework. Adding infographics in my opinion is definetly the best way to get their platform idea across, or at the very least some color for a more enganging experience. Hopefully the app they plan of releasing in 2018 has an easy to use GUI, then I could see this idea taking off. I'm excited to see the beta launch!

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July 23, 2017, 03:21:35 PM
 #74

The ICO boom is coming up with some interesting ideas - some will fail, some will stick.

This one at least seems to be practical.
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July 23, 2017, 04:34:29 PM
 #75

looking good i stumble across you guys on twitter.Hopefully fupoof coin will be  one of the first coins you guys add to your exchange  Grin

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July 23, 2017, 04:38:55 PM
 #76

sounds really good. Smiley May I suggest some digital currencies for you to consider to list?

the major ETH tokens such as GNT etc
WAVES
XEM
GBYTE

what trading pairs have you planned for now?

For launch we will be able to add any trading pair with significant volume potential. Our base currencies are BTC, ETH, and USDT. Currently planned are XRP, XMR, ETC, DASH. And we'd like to have 5 more coins at launch that we're prioritizing.

Good suggestions!
But please don't make the same mistake as HitBTC is doing: they decided to enable pre-launch IOU trading, here's an example: https://coinmarketcap.com/currencies/aeternity/
Please don't do this. Just real pairs Smiley What do you think @WCX?

We will not have IOUs, only real pairs.

Basing from the statement in your site about Tiny fees, what i can understand from it is that the 10X cheaper fees refers to the 1% fees which some exchanges are getting which means WCX trading fees will be 0.1%. Am I right?
May i reiterate this question of mine? the fees will be 0.1% because what i understood from the statement that fees will be 10x cheaper is that it is referring to the sites which has a fee of 1%

This is still being set. 0.1% will be the net fee. So -0.15% for takers, and makers, meaning traders who place limit orders on the book, will get paid (not charged) +0.05% on their trade.

- Earn $12 in BTC for every relevant comment you make in this thread till 7/23.

By the way this is an amazing campaign, really! Very generous. Is it over now? I wish I had participated some more because not only is this a great promotional campaign but the exchange in itself is like a project from the future. I'm a follower. Back to the future! Let's trade and earn.

This promo is over today and payouts are happening soon, but another promo is planned for this coming week. Smiley

I just signed up to your website, but I think your website is still too bare. You need a more detailed roadmap, maybe a shiner infographic and more informations about your team. Also, you say your beate launch happened on January...but where is it? Does it mean we can already trade on your platform?

We agree. The site is bare for now and we'll add more details in the days and weeks to come. Our beta launch has not happened. To be clear on the important dates:

Beta Launch: September 1, 2017
ICO Planned Start date: September 9, 2017
Launch: October 10, 2017


WCX - 0-fee crypto margin trading https://wcex.com
evergrow
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July 23, 2017, 05:07:53 PM
 #77

Great! thanks for the updates! excited about the new campaign! what will it be? Smiley

and for how long will you run the current friend invitation program?

Surely there is a cap of the WCX you're sharing with your promoters, is there?
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July 23, 2017, 05:22:01 PM
 #78

Good to I am in this coin participate  Roll Eyes

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July 23, 2017, 06:15:51 PM
Last edit: July 26, 2017, 10:38:03 AM by wcxofficial
 #79

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

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WCX Tokens have also been paid out for those who followed us on Twitter and Voted for WCX markets.

The WCX balance update has been reflected in your account at https://wcex.co. These promotions are still ongoing and instructions on how to participate are in the original post.

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Great! thanks for the updates! excited about the new campaign! what will it be? Smiley

and for how long will you run the current friend invitation program?

Surely there is a cap of the WCX you're sharing with your promoters, is there?


The friend invitation program will keep running until the ICO launch on September 9. There is a cap for this as it counts as part of "pre-ICO promotional activity" - more details about this will be released in the coming days along with ICO fund distribution.

WCX - 0-fee crypto margin trading https://wcex.com
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July 23, 2017, 06:53:33 PM
 #80

Sounds promising. Can't wait to see it coming. But isn't 100$ for 5 friends register it's too high?
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