[ANN] [EXCHANGE] Bitmora - Digital Asset Exchange

[JollyGood]

Cryptocurrency Software development is the latest trading option for the traders. Today max trader is going to their own open source bitcoin trading platform because of bitcoin is the very very famous coin in today era and growing very fast toward the high price. Many of people want to develop their own trading software and BR softech giving the solution of Bitcoin trading software.

https://www.brsoftech.com/crypto-exchange-software-development.html

What is this? Why have "ask for a quote" for an exchange? And who on earth is there no demo? Looks like a very unprofessional site and outfit.

[PoPoV123]

 Investors (people risking their money for the development of the platform) will get 12 to 18 payout months... And then after that?

Correct me if I am wrong here but it means that after these payout months, the total profit generated from the platform will directly go to the developers which is nothing different than any other platform...

I like the idea of a platform build by the community for the community but it has to be for long term... Otherwise your crowdfunding is none sense and worse than ICO, IPO or any kind of investment...

I hope I am completely wrong and someone will enlighten me here...

[usercryptomany]

Investors (people risking their money for the development of the platform) will get 12 to 18 payout months... And then after that?

Correct me if I am wrong here but it means that after these payout months, the total profit generated from the platform will directly go to the developers which is nothing different than any other platform...

I like the idea of a platform build by the community for the community but it has to be for long term... Otherwise your crowdfunding is none sense and worse than ICO, IPO or any kind of investment...

I hope I am completely wrong and someone will enlighten me here...

The project has too little hype ... Need more advertising and attract more investors ... But the problem with the exchange will be forced to pay attention to Bitmora !

[Bitmora]

View our latest press release here: https://news.bitcoin.com/pr-bitmora-exchange-a-new-exchange-is-fixing-the-fee-system/

[Kaznachej123]

                                    Bitmora ICO REVIEW! Bitmora - Digital Asset Exchange in Development! ICO LIVE!      https://youtu.be/v0KcxKe2AGE
                                                                           https://twitter.com/Kaznachej123/status/954778372818833408

               Bitmora is a crypto-based exchange platform which is created in order to bring a change in digital currency world operation. So the main Bitmora’s goal is to renew the cruptoexchange fee system. Also its team members are going to present a voting system to put cryptofuture in our hands.

                                       

[sandog]

Ok - a friend investor asked me to evaluate this as an investment.

I'm 48, Computer Science degree, decades of CIO, run datacenters, developed software, built up huge profit streams and production, products ...

There is no way this adds up
1) Linked in - they have no experience or track record ... education? Age - it seems like you've got a couple of youths that are hoping to go party OR try to start a business
2) I doubt they can write this software, they'd have to hire a lot of people and set up a lot of equipment or rent servers and they would run out of operating capital very fast and have to do another round of funding.
3) They can't just suddenly start returning huge paybacks - that alone is Ponzi like claims of ridiculous profits as if there is no running costs, staff, data center, compliance, customer service costs. This kind of company has a curve they get through of constant loss before profitablility starts and then small dividends come and as the scale gets higher the profitability increases. Sometimes though getting to that point means huge reinvestment to have all the wallets, back up systems etc ...
4) This is just a funds grab without any kind of real proof - even an ICO would give you some speculative token that might return some investment and give some funding that might build something if the people had the capability so this is actually sub-ICO level

What is the product really other than a fees calculation and speculative advertising for crowdfunding. I'd need to see WAY more proof and some talk that gave some idea that they even knew how to run a business.
They claim that "Completely Legal. Bitmora Inc. is a fully registered C-Corp in the USA, MSB compliant with FinCEN, and is backed by strong bank agreements." - but even the way this is worded just begs the question - why don't you put some photos of proof that you've even talked to anyone about compliance or taken any steps to even understand how to do it.
Poloniex doesn't trade in NY state even though they don't use FIAT because of compliance costs and you haven't even stated that. So you don't have any idea about the exchange/trading game. You would need to have worked for exchanges or in trading for years to have the slightest clue. If you did know this world you'd have some Bitcoin and Alts and be trading and have your own seed money by now too ... but it seems you won't put your own skin in the game.

So I'm sorry that this all seems very negative but these are just basic and obvious questions that your site should have real answers to. Any money sent to these people will not be seen again.

Good luck all
S

[Bitmora]

Ok - a friend investor asked me to evaluate this as an investment.

I'm 48, Computer Science degree, decades of CIO, run datacenters, developed software, built up huge profit streams and production, products ...

There is no way this adds up
1) Linked in - they have no experience or track record ... education? Age - it seems like you've got a couple of youths that are hoping to go party OR try to start a business
2) I doubt they can write this software, they'd have to hire a lot of people and set up a lot of equipment or rent servers and they would run out of operating capital very fast and have to do another round of funding.
3) They can't just suddenly start returning huge paybacks - that alone is Ponzi like claims of ridiculous profits as if there is no running costs, staff, data center, compliance, customer service costs. This kind of company has a curve they get through of constant loss before profitablility starts and then small dividends come and as the scale gets higher the profitability increases. Sometimes though getting to that point means huge reinvestment to have all the wallets, back up systems etc ...
4) This is just a funds grab without any kind of real proof - even an ICO would give you some speculative token that might return some investment and give some funding that might build something if the people had the capability so this is actually sub-ICO level

What is the product really other than a fees calculation and speculative advertising for crowdfunding. I'd need to see WAY more proof and some talk that gave some idea that they even knew how to run a business.
They claim that "Completely Legal. Bitmora Inc. is a fully registered C-Corp in the USA, MSB compliant with FinCEN, and is backed by strong bank agreements." - but even the way this is worded just begs the question - why don't you put some photos of proof that you've even talked to anyone about compliance or taken any steps to even understand how to do it.
Poloniex doesn't trade in NY state even though they don't use FIAT because of compliance costs and you haven't even stated that. So you don't have any idea about the exchange/trading game. You would need to have worked for exchanges or in trading for years to have the slightest clue. If you did know this world you'd have some Bitcoin and Alts and be trading and have your own seed money by now too ... but it seems you won't put your own skin in the game.

So I'm sorry that this all seems very negative but these are just basic and obvious questions that your site should have real answers to. Any money sent to these people will not be seen again.

Good luck all
S

I'm going to respond in the order that you brought up your concerns. I'm (Colton Brister) personally going to respond to this.

1. As far as Linkedin goes, me personally, I am new to it. I do not have a strong presence right now, but am building it. We are planning on attending a couple conferences over the next month, so that's when I plan on personally building it up. I can assure you that our team is not in it for the party.

2. Development - we've already partnered with another company who is currently developing our platform. Our partner company is going to handle the equipment, servers and all the things necessary to keep our exchange up and running. We do have our own developers, and all of the owners, besides Joey Dagostino, who has a strong financial background, come from both software engineering and website development backgrounds. The Bitmora team and the team at our partner company all have extensive backgrounds in engineering.

3. Our investors do not start seeing a return until we launch, and by then our first funding round will be long over. That alone disqualifies any idea of a Ponzi being a possibility. We calculated the curve to profit, that's why after launch we have 1-3 months before the revenue sharing period starts, we did not want our investors to lose potential profit months. Our estimated returns through the calculator is a best case scenario. Anyone who is interested has the means of plugging their own numbers into our provided fees/revenue share percentages to come to their own conclusions. We are revenue sharing, not profit sharing. No where do we state that any return is a guarantee. If our revenue for a certain month is $0, the payouts for that month will be $0. Us and our partner company have planned accordingly to avoiding this situation, and in time, we aim to be the top exchange.

4. Why would we launch an ICO? To be legal, we'd have to be a utility token. If an exchange launches with a token, calling it a "utility" would be borderline fraud. Such token is not a "utility" to us, and without calling it a Utility Token would land us in big trouble with the SEC as we are a US regulated company.

Our FinCEN compliance is public information, along with business incorporation. This is not a question, as it's easily searchable via verifiable government systems.
Nowhere on our site do we state we will allow customers from NY state, in fact, you can find replies (maybe even in this thread) stating the opposite. The process to get a BitLicense is lengthy, and beyond our financial reaches at the moment. The money to do so is much better served toward other options. Regarding that issue, there are many countries that we will not operate in, such as those designated by the Department of Homeland Security. I can also assure you that all of my partners and most of my staff have invested their own money into this project. This particular investment round is just like any other company, it is to help us reach our highest goals by launch.

I encourage you to contact me directly if you'd like to talk over email or to schedule a phone call, colton@bitmora.com

Thank you for your concerns and reaching out,
Colton Brister

[juarezweiss]

Ok - a friend investor asked me to evaluate this as an investment.

I'm 48, Computer Science degree, decades of CIO, run datacenters, developed software, built up huge profit streams and production, products ...

There is no way this adds up
1) Linked in - they have no experience or track record ... education? Age - it seems like you've got a couple of youths that are hoping to go party OR try to start a business
2) I doubt they can write this software, they'd have to hire a lot of people and set up a lot of equipment or rent servers and they would run out of operating capital very fast and have to do another round of funding.
3) They can't just suddenly start returning huge paybacks - that alone is Ponzi like claims of ridiculous profits as if there is no running costs, staff, data center, compliance, customer service costs. This kind of company has a curve they get through of constant loss before profitablility starts and then small dividends come and as the scale gets higher the profitability increases. Sometimes though getting to that point means huge reinvestment to have all the wallets, back up systems etc ...
4) This is just a funds grab without any kind of real proof - even an ICO would give you some speculative token that might return some investment and give some funding that might build something if the people had the capability so this is actually sub-ICO level

What is the product really other than a fees calculation and speculative advertising for crowdfunding. I'd need to see WAY more proof and some talk that gave some idea that they even knew how to run a business.
They claim that "Completely Legal. Bitmora Inc. is a fully registered C-Corp in the USA, MSB compliant with FinCEN, and is backed by strong bank agreements." - but even the way this is worded just begs the question - why don't you put some photos of proof that you've even talked to anyone about compliance or taken any steps to even understand how to do it.
Poloniex doesn't trade in NY state even though they don't use FIAT because of compliance costs and you haven't even stated that. So you don't have any idea about the exchange/trading game. You would need to have worked for exchanges or in trading for years to have the slightest clue. If you did know this world you'd have some Bitcoin and Alts and be trading and have your own seed money by now too ... but it seems you won't put your own skin in the game.

So I'm sorry that this all seems very negative but these are just basic and obvious questions that your site should have real answers to. Any money sent to these people will not be seen again.

Good luck all
S

I'm going to respond in the order that you brought up your concerns. I'm (Colton Brister) personally going to respond to this.

1. As far as Linkedin goes, me personally, I am new to it. I do not have a strong presence right now, but am building it. We are planning on attending a couple conferences over the next month, so that's when I plan on personally building it up. I can assure you that our team is not in it for the party.

2. Development - we've already partnered with another company who is currently developing our platform. Our partner company is going to handle the equipment, servers and all the things necessary to keep our exchange up and running. We do have our own developers, and all of the owners, besides Joey Dagostino, who has a strong financial background, come from both software engineering and website development backgrounds. The Bitmora team and the team at our partner company all have extensive backgrounds in engineering.

3. Our investors do not start seeing a return until we launch, and by then our first funding round will be long over. That alone disqualifies any idea of a Ponzi being a possibility. We calculated the curve to profit, that's why after launch we have 1-3 months before the revenue sharing period starts, we did not want our investors to lose potential profit months. Our estimated returns through the calculator is a best case scenario. Anyone who is interested has the means of plugging their own numbers into our provided fees/revenue share percentages to come to their own conclusions. We are revenue sharing, not profit sharing. No where do we state that any return is a guarantee. If our revenue for a certain month is $0, the payouts for that month will be $0. Us and our partner company have planned accordingly to avoiding this situation, and in time, we aim to be the top exchange.

4. Why would we launch an ICO? To be legal, we'd have to be a utility token. If an exchange launches with a token, calling it a "utility" would be borderline fraud. Such token is not a "utility" to us, and without calling it a Utility Token would land us in big trouble with the SEC as we are a US regulated company.

Our FinCEN compliance is public information, along with business incorporation. This is not a question, as it's easily searchable via verifiable government systems.
Nowhere on our site do we state we will allow customers from NY state, in fact, you can find replies (maybe even in this thread) stating the opposite. The process to get a BitLicense is lengthy, and beyond our financial reaches at the moment. The money to do so is much better served toward other options. Regarding that issue, there are many countries that we will not operate in, such as those designated by the Department of Homeland Security. I can also assure you that all of my partners and most of my staff have invested their own money into this project. This particular investment round is just like any other company, it is to help us reach our highest goals by launch.

I encourage you to contact me directly if you'd like to talk over email or to schedule a phone call, colton@bitmora.com

Thank you for your concerns and reaching out,
Colton Brister

Thank you for the awesome answer, Colton.
Everyone, of course, should read the Whitepaper before investing in any project, but to get a personal reply like that is a hell of an assurance.

 

[irinainvestor7]

[/quote]
Very interesting project.

[elsya syafira]

very promising project i think.
any bounty campaign sir?

[Bitmora]

very promising project i think.
any bounty campaign sir?

Yes, our bounty is linked at the top of this thread. It will be completed in about 5 days.

[vudeptraihpv]

Full release will feature an app for both iOS and Android phones along with support for tablets. The app will contain the same features as the website.

[stillwell]

Is creating a cryptocurrency exchange to please all ends of the spectrum. Good Luck for all Team

[kolaska]

Hello! How much does the ICO token cost? Which exchanges will be listed and when is it planned?

[JollyGood]

Hello! How much does the ICO token cost? Which exchanges will be listed and when is it planned?

There is no ICO

[Bitmora]

Hello! How much does the ICO token cost? Which exchanges will be listed and when is it planned?

As JollyGood said, we are not an ICO and do not plan on having a token at the moment.

[Bitmora]

Some big announcements coming out of New York from Bitmora in the next few weeks. Keep an eye out, don't want to miss this!

[immakingacoin]

Anyone with a Temple Coin Wallet, send me your Address in a PM and I will send you ॐ1,000 TMPC for Free.
http://shaivitetemple.org/Forum/topic/%e0%a5%90-get-your-temple-coin-wallet-%e0%a5%90/

Here is the Coin announcement thread
https://bitcointalk.org/index.php?topic=2791745.0



ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ ॐ

We will be Starting a Cryptocurrency Company in Armenia Soon.

Temple Coin ॐ[TMPC]ॐ is a Scypt Coin, Proof-of-Stake (PoS) of 8% per year. The ICO started on Facebook, Google+ and Twitter, so we already have a Community and are simply presenting that Community to the Bitcoin World. This may very well be the first Coin that is not about itself, but is part of an existing Community, and tied to something larger than itself, and that larger thing it is tied to is not called Bitcoin.

How to Clone Ethereum (we are also Automating this process)
https://bitcointalk.org/index.php?topic=2806271.0

Graphene (like Bitshares or Steemit)
http://shaivitetemple.org/Forum/topic/creating-graphene-blockchains/

HyperLedger (Commercial-Off-The-Shelf (COTS), like Bitshares or Steemit)
http://shaivitetemple.org/Forum/topic/hyperledger-open-source-blockchains-with-uses/

ICO Bounty List (this list is subject to be added to)
http://shaivitetemple.org/Forum/topic/ico-bounty-list/

Create a Shaligram Node- ॐ10,000 TMPC

Create a Shaligram Mining Pool- ॐ25,000 TMPC

Be the first to post in each of the Sales Sections, with Pictures (No Illegal Sales, 1 per person)- ॐ10,000 TMPC each

Be the first to make a Sale in each of the Sales Sections – ॐ15,000 TMPC each

IRC Channel -done

Subreddit – ॐ5,000 TMPC

YouTube Channel with Wallet Download Tutorial – ॐ10,000 TMPC

Temple Coin Logos – ॐ5,000 TMPC each, will accept many, All Logos should contain the Om Symbol or the Eye of Wadjet in some way, one or the other or both. The Tibetan Ah Symbol can also be used in place of Om.

7 TMPC Banknote Logos with Dollar type imagery (1, 5, 10, 20, 50, 100, 1000) – ॐ15,000 TMPC each if accepted

Temple Coin Faucet – ॐ25,000 TMPC

Dice Game with Temple Coins – ॐ25,000 TMPC

Forum -done

Cryptonote Mining Pool – ॐ25,000 TMPC

Create a Cryptonote for your Home Town or Country – ॐ25,000 TMPC

Ethereum Clone or Fork – ॐ50,000 TMPC

Temple Coin TMPC Point of Sale Wallet with Catalog option – ॐ100,000 TMPC

GetGemz App and Coin Clone – ॐ100,000 TMPC

Bitshares Clone including Cryptofresh, Bitsharestalk & OpenLedger- ॐ100,000 TMPC

Graphene Steemit Type Twitter Clone – ॐ500,000 TMPC

[usechain]

Bitmora's Chinese translation of the Ann thread has been completed, its link here, interested friends can take a look at this link：
https://bitcointalk.org/index.php?topic=2818813.msg28862068#msg28862068

[Bitmora]

Hello all! The Bitmora team would like to take some time to announce a few things. First off, we have reached our minimum goal to launch and will be up and running in no time! Thank you all so much for the support, we could have not done it without our investors. We are going to finalize the contract with our partner company this week and get our exchange up and running as soon as possible.

Over the course of the next couple of weeks Bitmora team members will be touring various call centers across California to ensure that we are prepared as possible for phone support on launch and we will be pushing marketing hard to help us reach our maximum funding goal. Marketing will include traveling to various cryptocurrency conferences worldwide, and publishing press releases on a vast number of news outlets.

Bitmora team members are working daily to maintain our investors portal and respond to all inquiries in a timely manner. A legal page is being drafted for our website which will include all public legal documents pertaining to Bitmora for your viewing.

If you haven’t yet, please sign up on our portal located on our website at https://www.bitmora.com and begin voting on user suggestions and coins to be added to our exchange. On our portal you can also view investment options and help Bitmora become the future of cryptocurrency exchanges!

Again, we thank everyone for their continued support and big things are ahead! Stay tuned for more updates throughout the next couple weeks.

We encourage anyone that has any questions or concerns to please get in touch with us at inquiries@bitmora.com.

Sincerely,
Bitmora Team