[ANN][ICO] STeX Exchange - 1st aggregator and 10000 cross-rates on one platform

[mithrim]

Okay! Thank you for answering. Yes! You are right! STeX can handle it alone. As far as I can see, many people are now attracted in STeX. I hope that the development of this project will continuously to grow.

Yes, especially the last Youtube video could gain much attention and is a good way to show what the exchange will be capable of. So if you encounter someone who doesn't know about STeX, show it to them, we need a bigger audience 

[Ivan [STeX]]

@Ivan [STeX]

I wonder if you plan to somehow integrate your DEEP web app into STeX exchange polatform or will it be separate project?

[...]

Maybe that changed but I don't think so, as DEEP is a proof of concept. But who knows, maybe in a later version we get a fancy DEEP analysis in some kind of SteX-explorer

That's what I was thinking, it could become a unique tool, exclusive for STeX exchange if they somehow integrate and adopt it to platform.

BTW As far as I remember STE tokens froum first bounty (before ICO started) will also qualify for dividends, but I will gladly hear confirmation from Ivan.

All STE tokens are the same and equal for all dividends distribution.
Does not matter how you got them, rules are the same, I confirm.

[Ivan [STeX]]

Excellent. I invested in your project through a metamask and will store them there. And those coins that I got for the bounty they too can claim dividends? Thanks for the clarification.

That is a good question. I'd say that this bonus is applicable for every token that initially came from the token contract address (the contract itself) without being transferred from another address beforehand.
Technically, this also is true for bounty tokens, but I myself thought that it's a special perk for PreSale investors.

The white paper says the following:

9.1 A special 20% bonus in commission earnings for original STE buyers

This 20% bonus is distributed among original STE holders, who have never sold their tokens. Therefore, in a scenario where more people sell their STE in the open market, a fewer number of STE holders who never sold them is left and the greater their share of that 20% will be. This is something that cannot be reversed and is only attributed to holders of untraded STE tokens, thus the per-token share of that reserved 20% will only ever increase over time. The takeaway from this is the following: it is better to never sell STE and watch your dividends grow.


So, the question is, what qualifies as an 'original STE buyer' or an 'original STE holder'?
Maybe @Ivan [STeX] can shed some light on this as it all depends on how the STeX team defines this and later implements the distribution algorithm.

Technically, we define 'original STE holder' for this 20% bonus as any Ethereum address holding STE at the moment of the STE transfer opening. And track the all-time (from that moment) minimum amount of STE on this address as a valid for the bonus distribution.

[Ivan [STeX]]

So basically, liquidity pool will be used to store the funds on different exchanges accounts to trade and fill orders coming from STeX platform?

I don't exactly know how the distribution will be handled and where the funds are allocated, but this would be a fair assumption as the funds need to be on the exchange in order to be used there and so that the transaction can be (almost) instantaneous.
Maybe Ivan [STeX] can elaborate on this a bit.

You got the big picture right, but there is one more thing where we need the liquidity pool to be - as a main market maker on STeX itself, providing bigger liquidity right here and now, backed with aggregated amounts. So, it's all about bigger liquidity at better rates in all the coins.

[mithrim]

So, the question is, what qualifies as an 'original STE buyer' or an 'original STE holder'?
Maybe Ivan [STeX] can shed some light on this as it all depends on how the STeX team defines this and later implements the distribution algorithm.

Technically, we define 'original STE holder' for this 20% bonus as any Ethereum address holding STE at the moment of the STE transfer opening. And track the all-time (from that moment) minimum amount of STE on this address as a valid for the bonus distribution.

Nice, thanks for the clarification.
So, technically there is no way to transfer the tokens on our own (if the get transferrable) without losing the 20%? As I understand there will be a STeX wallet/accounting system that will help users to easily transfer their tokens between their accounts. I assume that in order to keep our 20%, we have to register our wallet addresses (eligible for that 20 % bonus) with said system and then we may transfer funds to all wallet addresses registered?

Do you have an eta for a 'normal' registration or account creation on STeX? Right now, we only have our referral links. I personally would prefer to be able to create an account and also that people who we refer can do that. If someone has an account on a site, he is much more inclined to use that site again and check for updates etc. That way, we could also refer people that don't want to invest (yet). Because if they have an account, it will be much easier for them to invest in the project, as they have already some form of 'connection' to it. And even if they don't invest, they'll be much more inclined to transfer funds to the platform, if they already have an account.

[snewvine]

Recently I started registering for as many exchanges as I'm able as I too hate to work with some of the exchanges like EtherDelta. Registered with Binance, KuCoin, Gate.io and while these are Ok to work with there seems to be something lacking.

How will STeX Exchange support handle issues that may come up (and things will come up) Will there be a bot for assistance, email requests, or will there be a link on exchange to speak to live support?
Thanks

[mithrim]

Recently I started registering for as many exchanges as I'm able as I too hate to work with some of the exchanges like EtherDelta. Registered with Binance, KuCoin, Gate.io and while these are Ok to work with there seems to be something lacking.

How will STeX Exchange support handle issues that may come up (and things will come up) Will there be a bot for assistance, email requests, or will there be a link on exchange to speak to live support?
Thanks

This is indeed something, that wasn't mentioned anywhere and a topic where NO exchange shines right now. Most treat their customers like crap.

I'd like to add to resp. specify snewvines question: Will there be an official service-level agreement (SLA) between STeX exchange and it's customers?  That's what I'm missing at exchanges. They are service providers that get paid for services rendered and the sums that are sometimes involved would justify an SLA in any other business that I know of. If my bank wouldn't respond when I try to withdraw $20k I'd be sitting in my car and be on my way and everyone would understand my reaction. With Poloniex e.g. we can count ourselves as lucky if a support request gets an automated reply after a couple of months.

Will STeX be different? And how?

[sud]

Fast and responsive support is crucial, so I'd to put much effort into setting up a team to contact with users.

Another question is will you implement KYC procedure to register on exchange? Some tier levels, with withdraw limits? Do you already have that sorted out?

[Khala]

when will ICO

[mithrim]

when will ICO

The ICO is scheduled for ~March 2018.
You can visit the official STeX Telegram Channel to stay up to date for the exact date as soon it is known: https://t.me/stex_official

[Gibreil]

when will ICO

The ICO is scheduled for ~March 2018.
You can visit the official STeX Telegram Channel to stay up to date for the exact date as soon it is known: https://t.me/stex_official

After I joined here, I always take time to view the recent updates of this project. STeX telegram is quiet noisy because of different people attracting with their platform. The innovative way of this project makes an interest to other people to join with the token sale. I hope that STex will successfully launch their ICO.

[Cryptic Guru]

Can someone please tell me if Stex exchange is still viable and if so when will the exchange be operational

[mithrim]

Can someone please tell me if Stex exchange is still viable and if so when will the exchange be operational

Sure it is
The STeX Team is actively developing the backend and is working very hard to release the alpha version in Q1/Q2 as the ICO got delayed a bit. They have given us some sneak peaks by releasing some modules that they have developed, like DEEP (https://deep.stex.exchange/) and their BTC/ETH gateway (https://www.youtube.com/watch?v=EK1Ub5IsfYM).

And of course, the last video:

https://www.youtube.com/watch?v=A9O4jQlpiFs

[kkndkill]

Recently I started registering for as many exchanges as I'm able as I too hate to work with some of the exchanges like EtherDelta. Registered with Binance, KuCoin, Gate.io and while these are Ok to work with there seems to be something lacking.

How will STeX Exchange support handle issues that may come up (and things will come up) Will there be a bot for assistance, email requests, or will there be a link on exchange to speak to live support?
Thanks

This is indeed something, that wasn't mentioned anywhere and a topic where NO exchange shines right now. Most treat their customers like crap.

I'd like to add to resp. specify snewvines question: Will there be an official service-level agreement (SLA) between STeX exchange and it's customers?  That's what I'm missing at exchanges. They are service providers that get paid for services rendered and the sums that are sometimes involved would justify an SLA in any other business that I know of. If my bank wouldn't respond when I try to withdraw $20k I'd be sitting in my car and be on my way and everyone would understand my reaction. With Poloniex e.g. we can count ourselves as lucky if a support request gets an automated reply after a couple of months.

Will STeX be different? And how?

Yes, service is crucial to the exchange, and the success of biance depends on efficient service and responsiveness. In binance telegram group Your questions will soon be answered and resolved, I hope STEX can provide a good service, so as to quickly develop.

[snewvine]

So, in line with the customer service from other exchanges. What I have issues with is withdrawing my tokens from other exchanges.

STeX what issues arise with withdrawing customers tokens (this is any token or coin and not just STeX) from STeX Exchange? On Binance I cant withdraw TRIG Tokens, it says suspended with no explanation.  On KuCoin, I cant withdraw a token call PO.ET, no reason given. on Bittrex I had purchased ADA and they wouldnt allow me to withdraw that token stating that the company had programing issues (no Bittrex). HITBTC has repeated issues with not allowing deposits or withdrawals of tokens, extremely long processing times.

These things that I've described are real issues with Exchanges. While I understand the speed in which STeX will process the cross pairs, people want to withdrawal their tokens and coins with ease just as much as trading. Many Exchanges are starting to get bad reputations. 

STeX - Do you have a solution to this?

We dont want STeX Exchange to fall into the above category and addressing these issues before release would be very important.

Thanks
 

[mithrim]

So, in line with the customer service from other exchanges. What I have issues with is withdrawing my tokens from other exchanges.

STeX what issues arise with withdrawing customers tokens (this is any token or coin and not just STeX) from STeX Exchange? On Binance I cant withdraw TRIG Tokens, it says suspended with no explanation.  On KuCoin, I cant withdraw a token call PO.ET, no reason given. on Bittrex I had purchased ADA and they wouldnt allow me to withdraw that token stating that the company had programing issues (no Bittrex). HITBTC has repeated issues with not allowing deposits or withdrawals of tokens, extremely long processing times.

These things that I've described are real issues with Exchanges. While I understand the speed in which STeX will process the cross pairs, people want to withdrawal their tokens and coins with ease just as much as trading. Many Exchanges are starting to get bad reputations.  

STeX - Do you have a solution to this?

We dont want STeX Exchange to fall into the above category and addressing these issues before release would be very important.

Thanks
 

That really is a problem, but keep in mind that there can be a whole bunch of reasons for wallet issues (which is again the main reason exchanges deactivate deposit, withdrawal and/or trading). Exchanges are dependent on the devs of a coin or a token. Things like hardforking without telling the exchange in advance or making a wallet update without giving exchanges time to implement isn't really the exchanges' fault.

Nevertheless, you are definitely right in terms of communicating problems. In my opinion, an exchange should always give a reason why a market is suspended or withdrawals are deactivated, always. Even better would be communicating if the devs are informed and what the next steps are.
I hope that STeX has a plan here

[amintek15]

what is the reason to continue for another ICO ? They already raised more than 10M$ it's not enough ?
and where is this project actually ? any new progress
thanks

[mithrim]

what is the reason to continue for another ICO ? They already raised more than 10M$ it's not enough ?
and where is this project actually ? any new progress
thanks

The STeX Team is actively developing the backend and is working very hard to release the alpha version in Q1/Q2 as the ICO got delayed a bit. Technically they are on time with their development if you take into account that the ICO got delayed because of differences with a team member (that left).

They have given us some sneak peaks by releasing some modules that they have developed, like DEEP (https://deep.stex.exchange/) and their BTC/ETH gateway (https://www.youtube.com/watch?v=EK1Ub5IsfYM).

You should really watch the last video. I really hope that they deliver this in their beta:


https://www.youtube.com/watch?v=A9O4jQlpiFs

[kkndkill]

Can someone please tell me if Stex exchange is still viable and if so when will the exchange be operational

STEX ICO Starts ~ March 2018
STEX ICO Starts Ends 1-2 months after the beginning.
ICO STE Price : 1000 STE = 2.5 ETH
STE become tradeable after the end of the ICO at STeX.exchange
Q2 2018 beta

[snewvine]

Will STeX Exchange use Attomic Swaps?