[ANN] [EXCHANGE] Bitmora - Digital Asset Exchange

[nabilapimpo]

Glad, that after so much time you still reached to launch platform. I hope the launch will be successful, and the problems will quickly resolve

Let us see what the coming days hold.

Bounties have yet to be paid after being delayed, legal fees to pay towards SEC regulation might eat in to Bounties and might delay payouts, the project still has some days before launch and nothing yet is taken for granted.

Let us see what the coming days bring.

Hopefully the next few days the process of distribution can run smoothly making good news for participants.

[1715170485]

1715170485

[1715170485]

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[1715170485]

1715170485

[Bitmora]

Hi everyone, our Weekly Review was just posted on our Medium Blog. However, we're also going to post it here as a public statement. There's a lot of important information in it, and I want to ensure everyone gets updated.
The full announcement can be found here: https://medium.com/bitmora/bitmora-weekly-review-may-7th-2018-7e8d371ab6b6

This update will also be posted on our voting portal.

The Big One
These past few weeks have been incredibly busy for us. We’ve been training our ticket and phone support agents, holding meetings with banks, acquiring partnerships, and developing a one-of-a-kind exchange with hopes of launching this coming Saturday. Unfortunately, after some serious talks we’ve decided to push our launch back a few weeks. We are estimating a two-week delay which would set us to launch on May 26th, so as of now that is our official launch date. Bitmora will have a closed beta for their contributors very soon. We will, of course, keep you updated on this process through our social media pages. We are terribly sorry for any inconveniences caused by this delay, but we assure you it is for the best!

There are two reasons for this. First and foremost, we don’t feel ready to release the platform. It’s not quite where we wanted to be, and there are still a few features that we want for launch. We are doing intense in house testing to make there are no bugs when we launch our platform. The second reason is we are finally ditching the United States of America! The US has caused nothing but trouble for us for the past year, everything from fundraising to regulation, and we’ve hit walls with American Banking Institutions. We’ve decided to do what many of our supporters have been urging for months now, move to Malta!

Why Malta?
Malta is a country located on an island in the Mediterranean Sea. They are a reasonably large name in the Cryptocurrency and Blockchain world and has been called the “Blockchain Island”. Malta is actively building a supportive regulatory and technical infrastructure to support the Blockchain industry. They are part of the EU, providing us direct access to some of the most crypto-friendly banking institutions in the world. This will help have our fiat system ready by launch and will provide less oversight than the strict and “wild west” regulations of the United States.

This move will not affect front-end operations. While we’ll now have an office somewhere in Malta (location is still being determined), our headquarters will still reside in San Diego, California. This move does not mean we’ve given up on the US; we feel that US regulators are still a year or two away from making their minds up on what’s what in the new world, and we’re not going to sit around to watch from the sidelines. In the future, when US banks and their regulators catch up to the modern world, we will happily switch operations back over to a US bank. Our goal has always been to build an exchange that not only outperforms the competition, but also is one that you can trust. Unfortunately, staying in the US has prevented us from achieving those goals.

What Does this Change?
This changes a few things and will allow us to add many new features we otherwise would have had to hold out for after launch. The first noticeable difference is that we will have full fiat trading by launch, along with a fully completed Education Center, and sleeker user interface. This could also provide us the ability to launch an ICO much more easily than we could in the US. So yes, for all of our supporters that have been asking us to launch an ICO, it could very well become a reality in the coming months.

You may also be wondering about our contributors portal and bounty payouts. The ability to contribute will still be closed May 11th, as previously announced. As for bounty payouts, those will also remain the same, starting after our launch.

We know nobody wanted a delay, but there’s a lot of good that’s coming out of this situation. We only have one shot to launch Bitmora, and we’re going to use this delay to our advantage to make things better.

[JollyGood]

Glad, that after so much time you still reached to launch platform. I hope the launch will be successful, and the problems will quickly resolve

Let us see what the coming days hold.

Bounties have yet to be paid after being delayed, legal fees to pay towards SEC regulation might eat in to Bounties and might delay payouts, the project still has some days before launch and nothing yet is taken for granted.

Let us see what the coming days bring.

Well the above is what I wrote on 2nd May 2018.

The "bounty people" just want their ETH payouts and nothing else, most of them promoted Bitmora not because they believed in the project but because they wanted ETH nothing more and nothing less. delays and reasons for those delays mean nothing to those that promoted Bitmora.

I did not believe in the project, had doubts from the beginning thus did not become an early investors after making enquiries and thus far those doubts been proven to be true but I always wished the Bitmora team success regardless.

Sorry but for what is is worth (or not) Bitmora has just damaged its reputation again but this time probably beyond repair.

[Bitmora]

Glad, that after so much time you still reached to launch platform. I hope the launch will be successful, and the problems will quickly resolve

Let us see what the coming days hold.

Bounties have yet to be paid after being delayed, legal fees to pay towards SEC regulation might eat in to Bounties and might delay payouts, the project still has some days before launch and nothing yet is taken for granted.

Let us see what the coming days bring.

Well the above is what I wrote on 2nd May 2018.

The "bounty people" just want their ETH payouts and nothing else, most of them promoted Bitmora not because they believed in the project but because they wanted ETH nothing more and nothing less. delays and reasons for those delays mean nothing to those that promoted Bitmora.

I did not believe in the project, had doubts from the beginning thus did not become an early investors after making enquiries and thus far those doubts been proven to be true but I always wished the Bitmora team success regardless.

Sorry but for what is is worth (or not) Bitmora has just damaged its reputation again but this time probably beyond repair.

Thanks for your view on the project, we will keep everyone updated over the next few days as we begin our move to Malta!

[MarkThief]

Is the contribution portal still open for new contributors or is it too late for me?

[Bitmora]

Is the contribution portal still open for new contributors or is it too late for me?

Hi, we'll be closing the contribution portal this Friday, so you only have a couple days left!

[joblessminer]

Hi everyone, our Weekly Review was just posted on our Medium Blog. However, we're also going to post it here as a public statement. There's a lot of important information in it, and I want to ensure everyone gets updated.
The full announcement can be found here: https://medium.com/bitmora/bitmora-weekly-review-may-7th-2018-7e8d371ab6b6

This update will also be posted on our voting portal.

The Big One
These past few weeks have been incredibly busy for us. We’ve been training our ticket and phone support agents, holding meetings with banks, acquiring partnerships, and developing a one-of-a-kind exchange with hopes of launching this coming Saturday. Unfortunately, after some serious talks we’ve decided to push our launch back a few weeks. We are estimating a two-week delay which would set us to launch on May 26th, so as of now that is our official launch date. Bitmora will have a closed beta for their contributors very soon. We will, of course, keep you updated on this process through our social media pages. We are terribly sorry for any inconveniences caused by this delay, but we assure you it is for the best!

There are two reasons for this. First and foremost, we don’t feel ready to release the platform. It’s not quite where we wanted to be, and there are still a few features that we want for launch. We are doing intense in house testing to make there are no bugs when we launch our platform. The second reason is we are finally ditching the United States of America! The US has caused nothing but trouble for us for the past year, everything from fundraising to regulation, and we’ve hit walls with American Banking Institutions. We’ve decided to do what many of our supporters have been urging for months now, move to Malta!

Why Malta?
Malta is a country located on an island in the Mediterranean Sea. They are a reasonably large name in the Cryptocurrency and Blockchain world and has been called the “Blockchain Island”. Malta is actively building a supportive regulatory and technical infrastructure to support the Blockchain industry. They are part of the EU, providing us direct access to some of the most crypto-friendly banking institutions in the world. This will help have our fiat system ready by launch and will provide less oversight than the strict and “wild west” regulations of the United States.

This move will not affect front-end operations. While we’ll now have an office somewhere in Malta (location is still being determined), our headquarters will still reside in San Diego, California. This move does not mean we’ve given up on the US; we feel that US regulators are still a year or two away from making their minds up on what’s what in the new world, and we’re not going to sit around to watch from the sidelines. In the future, when US banks and their regulators catch up to the modern world, we will happily switch operations back over to a US bank. Our goal has always been to build an exchange that not only outperforms the competition, but also is one that you can trust. Unfortunately, staying in the US has prevented us from achieving those goals.

What Does this Change?
This changes a few things and will allow us to add many new features we otherwise would have had to hold out for after launch. The first noticeable difference is that we will have full fiat trading by launch, along with a fully completed Education Center, and sleeker user interface. This could also provide us the ability to launch an ICO much more easily than we could in the US. So yes, for all of our supporters that have been asking us to launch an ICO, it could very well become a reality in the coming months.

You may also be wondering about our contributors portal and bounty payouts. The ability to contribute will still be closed May 11th, as previously announced. As for bounty payouts, those will also remain the same, starting after our launch.

We know nobody wanted a delay, but there’s a lot of good that’s coming out of this situation. We only have one shot to launch Bitmora, and we’re going to use this delay to our advantage to make things better.

I'm surprised you guys stayed in the US as long as you did. Their rules and regulations are some of the strictest in the world. To compete in such a highly competitive environment like crypto exchanges, you need to have all the advantages and none of the heavy baggage. The SEC regulations are a huge heavy weight to have to carry, glad you guys have decided to shed it.

[Crypto_Man1212]

I'd rather the launch be pushed back than rushed, to be honest. I have full faith in the Bitmora team.

[nedjuly]

Hi everyone, our Weekly Review was just posted on our Medium Blog. However, we're also going to post it here as a public statement. There's a lot of important information in it, and I want to ensure everyone gets updated.
The full announcement can be found here: https://medium.com/bitmora/bitmora-weekly-review-may-7th-2018-7e8d371ab6b6

This update will also be posted on our voting portal.

The Big One
These past few weeks have been incredibly busy for us. We’ve been training our ticket and phone support agents, holding meetings with banks, acquiring partnerships, and developing a one-of-a-kind exchange with hopes of launching this coming Saturday. Unfortunately, after some serious talks we’ve decided to push our launch back a few weeks. We are estimating a two-week delay which would set us to launch on May 26th, so as of now that is our official launch date. Bitmora will have a closed beta for their contributors very soon. We will, of course, keep you updated on this process through our social media pages. We are terribly sorry for any inconveniences caused by this delay, but we assure you it is for the best!

There are two reasons for this. First and foremost, we don’t feel ready to release the platform. It’s not quite where we wanted to be, and there are still a few features that we want for launch. We are doing intense in house testing to make there are no bugs when we launch our platform. The second reason is we are finally ditching the United States of America! The US has caused nothing but trouble for us for the past year, everything from fundraising to regulation, and we’ve hit walls with American Banking Institutions. We’ve decided to do what many of our supporters have been urging for months now, move to Malta!

Why Malta?
Malta is a country located on an island in the Mediterranean Sea. They are a reasonably large name in the Cryptocurrency and Blockchain world and has been called the “Blockchain Island”. Malta is actively building a supportive regulatory and technical infrastructure to support the Blockchain industry. They are part of the EU, providing us direct access to some of the most crypto-friendly banking institutions in the world. This will help have our fiat system ready by launch and will provide less oversight than the strict and “wild west” regulations of the United States.

This move will not affect front-end operations. While we’ll now have an office somewhere in Malta (location is still being determined), our headquarters will still reside in San Diego, California. This move does not mean we’ve given up on the US; we feel that US regulators are still a year or two away from making their minds up on what’s what in the new world, and we’re not going to sit around to watch from the sidelines. In the future, when US banks and their regulators catch up to the modern world, we will happily switch operations back over to a US bank. Our goal has always been to build an exchange that not only outperforms the competition, but also is one that you can trust. Unfortunately, staying in the US has prevented us from achieving those goals.

What Does this Change?
This changes a few things and will allow us to add many new features we otherwise would have had to hold out for after launch. The first noticeable difference is that we will have full fiat trading by launch, along with a fully completed Education Center, and sleeker user interface. This could also provide us the ability to launch an ICO much more easily than we could in the US. So yes, for all of our supporters that have been asking us to launch an ICO, it could very well become a reality in the coming months.

You may also be wondering about our contributors portal and bounty payouts. The ability to contribute will still be closed May 11th, as previously announced. As for bounty payouts, those will also remain the same, starting after our launch.

We know nobody wanted a delay, but there’s a lot of good that’s coming out of this situation. We only have one shot to launch Bitmora, and we’re going to use this delay to our advantage to make things better.

I'm glad that the team constantly publishes news. I expect that the changes will favorably affect the promotion of the project

[putri,biuty]

Is there a minimum (soft cap) amount you need to gather in total investments in order for the project to start?

Yes, $400k is our minimum.

very large amount, there are some bonuses to investors.?
Is the incoming portal still open for new contributors?

[joblessminer]

Any new advisors brought on in the last couple weeks?

[Crypto_Man1212]

You guys are doing a token to go along with the exchange aren't you?

[okspam]

What are the chances of the launch being pushed back again?

[binh.cao]

Really like the idea that Bitmora is not doing an ICO because it is so difficult to find investments I can participate in, as a U.S. citizen. I am also very happy to see that it will provide passive income.

[TheROBER]

Really like the idea that Bitmora is not doing an ICO because it is so difficult to find investments I can participate in, as a U.S. citizen. I am also very happy to see that it will provide passive income.

Yeah I agree. ICO's are so strife with scams, and honestly it is starting to look bad on the companies doing them because there are so many scams. Bitmora is doing it right.

[joblessminer]

Do you guys have a mobile app yet?

[Bitmora]

You guys are doing a token to go along with the exchange aren't you?

Hi, after our launch we may consider doing an ICO.

[Bitmora]

Do you guys have a mobile app yet?

Hi, yes we will be launching with a mobile app for both Android and iOS.

[joblessminer]

Do you guys have a mobile app yet?

Hi, yes we will be launching with a mobile app for both Android and iOS.

Oh wow, really? You guys will have iOS Android, and web exchanges ready to go on May 26th?

[Crypto_Man1212]

You guys are doing a token to go along with the exchange aren't you?

Hi, after our launch we may consider doing an ICO.

Interesting. What could expect out of a token from you guys? I assume it would be affiliated with the exchange?