stasyk411
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September 18, 2017, 11:49:15 PM |
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I like what you do and I see that investors have also appreciated your project! I hope that the project and your efforts will be in demand in the crypto world !!!
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STeX.exchange (OP)
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Activity: 140
Merit: 100
former Stex member
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September 19, 2017, 11:46:54 AM |
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STeX hit 7000 ETH raised today!
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amintek15
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September 19, 2017, 09:30:14 PM |
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Just learned about this project and joined the presale immediately That should be huge ! if this works ppl who want fast profit or those who stay long term should get something
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STeX.exchange (OP)
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Activity: 140
Merit: 100
former Stex member
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September 19, 2017, 10:00:32 PM |
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We have a magic number of transactions on etherscan now No Of Transactions: 1444 txns. And we hit 10K followers on twitter! https://twitter.com/STeX_Exchange 😀
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maot4
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September 20, 2017, 10:55:06 AM |
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great milestone, welldone SteX team #quietly developing and delivering ahead of main ICO. Can't wait
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STeX.exchange (OP)
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Activity: 140
Merit: 100
former Stex member
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September 20, 2017, 03:17:26 PM |
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We have an important news for both our investors and partners! Since we hit our minimum cap for the preSale we are now starting to withdraw part of the raised ETH to start financing the STeX infrastructure and the development process. We also start paying our partners from our STeX UP! partner program in real time. You can choose the withdrawal amount in ETH on this page https://stex.exchange/stexupWe know most of you want to participate in STeX presale and get our STE tokens. We cannot pay our affiliates in STE at the moment, therefore you can withdraw your partner balance in ETH and buy STE on the preSale page directly paying to our smart contract address. This way you can become both our partners and STE token holders and participate in the 100% distribution of STeX dividends from commissions. We hope this move will attract even more attention to the Exchange 3.0 Aggregator project which aims at creating the liquidity in the crypto market and making possible to trade the 10 000 cross-rates of major top 100 coins after the launch of STeX.exchange in the 1-st quarter of 2018. Hurry up to invite even more investors into STeX Exchange before the preSale close on September 30 or reaching the hard cap. So I take it for the people that don't make it over the .6 eth withdrawal limit, their eth commission rewards will automatically get paid out at the end of the Pre-sale? Referral program will continue into the coming ICO and after that into STeX trading operations my fault, I probably phrased my question wrong. The real question = at what point in the future do you plan to remove the eth withdrawal limit? For presale and ICO there is going to be a 0.6 ETH limit. After that we may review the limits for referring traders to make the program appealing to partners.
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finamathmatics
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September 21, 2017, 02:57:59 AM |
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How works the partner with Wings? I knew Stex by Wings community. I bought some Stex in pre-sale now .
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STeX.exchange (OP)
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Activity: 140
Merit: 100
former Stex member
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September 21, 2017, 11:03:41 AM |
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How works the partner with Wings? I knew Stex by Wings community. I bought some Stex in pre-sale now . Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better.
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codemanX
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September 21, 2017, 01:48:58 PM |
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How works the partner with Wings? I knew Stex by Wings community. I bought some Stex in pre-sale now . Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better. Beta release from the Wings team? Can you explain a little bit please?
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finamathmatics
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September 21, 2017, 05:53:36 PM |
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How works the partner with Wings? I knew Stex by Wings community. I bought some Stex in pre-sale now . Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better. Beta release from the Wings team? Can you explain a little bit please? They are different betas. (Wings beta, for forecasters):= This beta will be released in October/November. (Stex beta):= This beta according road map will be released in December.
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coinchon112
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September 22, 2017, 12:14:15 AM |
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How works the partner with Wings? I knew Stex by Wings community. I bought some Stex in pre-sale now . Very positively. We have an arrangement already. Hope the Wings tech department will manange with the beta release before our ICO. If they have any delays we would have two choices: either postpone our ICO for a week or two, or start on our onw. I like the first one much better. I agree, wait for the Wings Beta release. You will draw much more attention
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guillzini
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September 22, 2017, 09:16:37 AM |
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Man, I keep coming back to this project, because I really like it!
The only thing that's bothering me is the .5 ETH minimum. I look at a lot of ICOs and generally don't like to invest over .25 ETH, because I like to diversify a lot. So this would be double the amount I prefer to drop on these ICOs.
Is there a reason why this minimum is so much higher than most ICOs?
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bitnautis
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September 22, 2017, 10:38:35 AM |
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Hi there! So I noticed your commission calc https://stex.exchange/media/STEcalculator.htmNow current total 24h volume is around 14000000 eth Poloniex is making around 4.3% of total daily volume , do you really think you ll beat polo in your very first year of operation? But forget polo , let’s take a smaller but very wellknown exchange Liqui is making around 0.3% (32 out of 178 exchanges listed in cmc) and imho it will be great success for you to beat liqui in 2018 If we input 0.3% to your calc here is what we get https://gyazo.com/4b9319e0a18cabcf2db7a82ea993eaacSo what? We ll have negative commissions ? We ll have -174% Cash-out net profit if you can’t beat a well established exchange ?! Is there something wrong with my calculations*? *All the numbers i used is derived from coinmarketcap
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rojackcity
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September 22, 2017, 10:45:50 AM |
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STEX team
Trying to understand the logic behind this provision in the white paper:
6. During the ICO the STE coin price will automatically double after every 10% portion of coins is sold. For example, if the start price of STE is 0.001 ETH, after 10% of all tokens is sold, the price will become 0.002 ETH, after another 10% (that is 20%) it will be 0.004 and so on. You will be able to sell your tokens after the ICO ends.
Basically this will have a compounding affect on the token price. At the point that 50% of tokens are sold...the price will have increased 32x from the original price. In order to sell all tokens during the ICO, the final investors will be paying over 1,000x the original price. Based on the example you give in the clause above, the price of one STE will increase from 0.001 ETH at the start of the ICO, to 1.024 ETH for the final 10%.
If nothing else (assuming my maths isnt flawed, or i've not misunderstood this provision), this will surely act as a major disincentive for ICO investors after, say, 20-30% have been sold and will price STE very high relative to the market and total number of coins out (i.e. 100,000,000 cap).
Look forward to your thoughts on this or correcting my assumptions.
Thanks RJC
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elizangelacarvalho
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Merit: 0
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September 22, 2017, 12:50:25 PM Last edit: September 22, 2017, 01:28:18 PM by elizangelacarvalho |
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Hi there! So I noticed your commission calc https://stex.exchange/media/STEcalculator.htmNow current total 24h volume is around 14000000 eth Poloniex is making around 4.3% of total daily volume , do you really think you ll beat polo in your very first year of operation? But forget polo , let’s take a smaller but very wellknown exchange Liqui is making around 0.3% (32 out of 178 exchanges listed in cmc) and imho it will be great success for you to beat liqui in 2018 If we input 0.3% to your calc here is what we get https://gyazo.com/4b9319e0a18cabcf2db7a82ea993eaacSo what? We ll have negative commissions ? We ll have -174% Cash-out net profit if you can’t beat a well established exchange ?! Is there something wrong with my calculations*? *All the numbers i used is derived from coinmarketcap It's a red alert. An optimist scenario we can consider 50% of volume of liqui. The math of Stex needs better explain. Some suggestions: -reduce the minimum amount to enter in ICO -contract a good guy to audit the smart contract -change the website, the informations of the type: "You can gain 5 times that you put in pre sale". Informations of this type looks like MMM ponzi scheme and it's terrible to the ICO participants. - focus in tools like deep and taint analysis to come real value. - explain the math, what the breakeven point (volume/cashback)? What's the worst scenario? - show your GitHub link and code. - yesterday I saw a message of Stex on Facebook of fake Vitalik in Stex telegram. Guys please, when I saw this information I want to withdraw my money out of the Stex.
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elizangelacarvalho
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Merit: 0
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September 22, 2017, 12:59:50 PM |
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STEX team
Trying to understand the logic behind this provision in the white paper:
6. During the ICO the STE coin price will automatically double after every 10% portion of coins is sold. For example, if the start price of STE is 0.001 ETH, after 10% of all tokens is sold, the price will become 0.002 ETH, after another 10% (that is 20%) it will be 0.004 and so on. You will be able to sell your tokens after the ICO ends.
Basically this will have a compounding affect on the token price. At the point that 50% of tokens are sold...the price will have increased 32x from the original price. In order to sell all tokens during the ICO, the final investors will be paying over 1,000x the original price. Based on the example you give in the clause above, the price of one STE will increase from 0.001 ETH at the start of the ICO, to 1.024 ETH for the final 10%.
If nothing else (assuming my maths isnt flawed, or i've not misunderstood this provision), this will surely act as a major disincentive for ICO investors after, say, 20-30% have been sold and will price STE very high relative to the market and total number of coins out (i.e. 100,000,000 cap).
Look forward to your thoughts on this or correcting my assumptions.
Thanks RJC
I agree. It's the same case of this problem: https://en.m.wikipedia.org/wiki/Wheat_and_chessboard_problemIn the current model, the volume of pre-sale can be big than the ICO, because, the terms to the ICO are terrible.
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STeX.exchange (OP)
Full Member
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Activity: 140
Merit: 100
former Stex member
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September 23, 2017, 09:03:33 AM |
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Man, I keep coming back to this project, because I really like it!
The only thing that's bothering me is the .5 ETH minimum. I look at a lot of ICOs and generally don't like to invest over .25 ETH, because I like to diversify a lot. So this would be double the amount I prefer to drop on these ICOs.
Is there a reason why this minimum is so much higher than most ICOs?
Actually, this in not an ICO but a limited preSale. It is quite common for a presale to limit the contribution to $2000-3000 minimum. STeX made it just 0.5 ETH
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guillzini
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September 23, 2017, 10:02:21 AM |
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Man, I keep coming back to this project, because I really like it!
The only thing that's bothering me is the .5 ETH minimum. I look at a lot of ICOs and generally don't like to invest over .25 ETH, because I like to diversify a lot. So this would be double the amount I prefer to drop on these ICOs.
Is there a reason why this minimum is so much higher than most ICOs?
Actually, this in not an ICO but a limited preSale. It is quite common for a presale to limit the contribution to $2000-3000 minimum. STeX made it just 0.5 ETH Ah, I see what you're saying. But on the site it says the ICO is also going to have a 0.5 ETH minimum. Are you planning on keeping it that way then?
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bitnautis
Newbie
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Activity: 31
Merit: 0
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September 24, 2017, 06:38:15 AM |
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Hi there! So I noticed your commission calc https://stex.exchange/media/STEcalculator.htmNow current total 24h volume is around 14000000 eth Poloniex is making around 4.3% of total daily volume , do you really think you ll beat polo in your very first year of operation? But forget polo , let’s take a smaller but very wellknown exchange Liqui is making around 0.3% (32 out of 178 exchanges listed in cmc) and imho it will be great success for you to beat liqui in 2018 If we input 0.3% to your calc here is what we get https://gyazo.com/4b9319e0a18cabcf2db7a82ea993eaacSo what? We ll have negative commissions ? We ll have -174% Cash-out net profit if you can’t beat a well established exchange ?! Is there something wrong with my calculations*? *All the numbers i used is derived from coinmarketcap Would you please answer to that if it's not a bother to you ? I am sure many of us would like to see your answers here
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sincntx
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Activity: 94
Merit: 10
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September 24, 2017, 06:50:30 AM |
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I think this project has some suspicious points. please consider carefully!
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