[50X] [A2A] 50x.com: World's First 'Any to Any' Crypto Trading Platform

[liny1010]

although most of them are not decentralized,

STeX Exchange is a bit of both; a hybrid.

According to their Whitepaper (5.1.1, page 12):

Hybrid - Combining the speed of a centralized exchange with the secure account management of a decentralized one.

No. of coins: 100
Trading Pairs: 10,000
Fiat Deposit / Withdrawal: No
AML Limits: None
Deposit Fees: No
Withdrawal Fees: No
Trading Fees: 0.2%

Strengths
- Speed & security
- All trading pairs, one platform
- Best rates, aggregated from other exchanges

Weaknesses
Our contigency funds and ‘survival mode’ will have to be deployed if we are unable to gain significant market share

Threats
- If the crypto market stagnates or declines
- If crypto/exchanges face worldwide regulation

Differentiators
- Exchange aggregation
- Token holder dividends
- Lowest rates, highest liquidity

Thank you for answer. I think we should send ETH to NEW wallet. A lot of ICO are using this way. I usually use MetaMark wallet.

You can also use  MyEtherWallet, Metamask, Parity, Mist or Ledger (hardware wallet) because STE is an ERC20 token issued on Ethereum blockchain. Token holders can easily store and manage their STE tokens using existing Ethereum clients including official Ethereum wallets

[tienzodi]

Should I participate in the crowdsale without creating an Ethereum address?

[jetx]

if youre a newbie then youtube search "how to set up MyEtherWallet" which is the most popular way to set up an ethereum wallet. or you could use wallet apps like Eidoo which comes with a new ethereum address.

[njords]

Should I participate in crowdsale without creating Ethereum address?

No. STE is an ERC20 token (Ethereum blockchain.) You need an Ethereum address to receive and store STE tokens on. You can use any Ethereum wallet: MyEtherWallet, Metamask, Parity, Ledger, Mist, or even Eidoo as mentioned just now.

[jetx]

That's right. They will also burn unsold tokens. Looking at the defaults at STE Price Token Speculation Calculator they seem to think there will be around 50.000.000 STE in total after ICO.

They will also buy back tokens here and there over time, and burn those - if I remember correctly.

seems like it. also from their WP: "30% from total final supply will be issued for the founders (no more than 30,000,000 STE)"

[liny1010]

if youre a newbie then youtube search "how to set up MyEtherWallet" which is the most popular way to set up an ethereum wallet. or you could use wallet apps like Eidoo which comes with a new ethereum address.

!!!IMPORTANT: Please keep your private key at safe place

[liny1010]

Good point that we can use STE for trading. After the end of the ICO, STE token will be listed on STeX.Exchange so we can trade it with other users and market-makers. STE tokens are going to beadded to several exchanges as well, but we are unable to announce at the moment exactly which of these exchanges will list STE and when.

[Jack_68]

Stex calculate about available volume at a specific price, this is valuable information. I think this will help investors make the right decision, and bring profits to them.

[njords]

if youre a newbie then youtube search "how to set up MyEtherWallet" which is the most popular way to set up an ethereum wallet. or you could use wallet apps like Eidoo which comes with a new ethereum address.

!!!IMPORTANT: Please keep your private key at safe place

For sure. That's why MetaMask might be a good idea.

MetaMask: Brings Ethereum to your browser: https://metamask.io/

MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node.

MetaMask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions.

You can install the MetaMask add-on in Chrome, Firefox, Opera, and the new Brave browser. If you’re a developer, you can start developing with MetaMask today.

Our mission is to make Ethereum as easy to use for as many people as possible.

[njords]

Good point that we can use STE for trading. After the end of the ICO, STE token will be listed on STeX.Exchange so we can trade it with other users and market-makers. STE tokens are going to beadded to several exchanges as well, but we are unable to announce at the moment exactly which of these exchanges will list STE and when.

STE can be traded after the ICO, but as previously mentioned:

Those STE tokens that have been transfered to another wallet or sold on an exchange will no longer be eligible to receive 100% of the dividend distribution. Moved or sold STE tokens will receive only 80%.

Happy hodlers: ICO participants who got STE and never sold will be very happy with users selling their STE, because that means they will receive even more of that extra 20% dividend distribution for themselves. 

[tienzodi]

What will the ICO funds that STeX.Exchange collected be used for? Because I don't want them us use my money to doing stupid thing

[Jack_68]

SteX exchange collect commision at 0.2% for each transaction. This commission will be used for?
And the investor will receive how many percent from this amount?

[njords]

What will the ICO funds that STeX.Exchange collected be used for?

One of the main reasons STeX Exchange collect more funds during ICO is the ability to strengthen the project's own liquidity pool. This means that a significant amount of cryptocurrency will be available as bid and ask offers on the STeX exchange from the very beginning - with fast execution, managed by STeX's roprietary market-making algorithms.

[njords]

SteX exchange collect commision at 0.2% for each transaction. This commission will be used for?
And the investor will receive how many percent from this amount?

According to the STeX EXCHANGE whitepaper:

4.3 STeX market share (optimistic, realistic & worst case scenarios)

We expect to acquire of at least 5% of the cryptocurrency exchange market in the
first year of operations and become one of the 10 biggest cryptocurrency
exchanges. Based on the above projections for daily trade volume, we have listed
the estimated return on a purchase of 1,000 STE after 1 Year of STeX's release,
with a pessimistic, realistic and optimistic market share.

All below calculations are based on the assumption that STeX will be able to
collect commissions at the rate of 0.2% for 50% of all transactions on
stex.exchange. From this amount, 50% will be deducted in favor of the affiliate
program, user rebate scheme, or other corporate actions targeted at user base
growth and loyalty programs.

In other words, we took the industry average commission rate and deducted 75%
for possible tier structure rebates, discounts, affiliate programs and free trades
etc.What is left is used in our calculations below. We also estimate variable costs to
be 0.01% from the volume of transactions and fixed expenses to be no more
than 100 ETH per day. We do not use market size correction, but you should keep
in mind that 5% of the market with current trading volumes equals 1% of the
market in case it grows in volume fivefold, which is expected by most experts in
a year or two.

This means that the STeX Project's commissions will be the same, even with a
lower share of the future market - if the market itself gets bigger. For the purpose
https://stex.exchange/stecalculator
of this calculation we use a total supply of 50,000,000 STE. If you expect the
STeX ICO to be hard-capped, you should divide all resulting numbers by 2 or use
https://stex.exchange/stecalculator directly.

4.3.1 Optimistic Scenario
By acquiring 5% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00805 ETH for
every 1,000 STE tokens on a daily basis, or 0.2455 ETH for every 1,000 STE
tokens on a monthly basis, or 2.94 ETH for every 1,000 STE tokens annually.
Expected STE price is 58 ETH for 1000 STE (based on a P/E ratio of 20).

4.3.2 Realistic Scenario
By acquiring 2% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00292 ETH for
every 1,000 STE token on a daily basis, or 0.089 ETH for every 1,000 STE tokens
on a monthly basis, or 1.066 ETH for every 1,000 STE tokens annually.
Expected STE price is 21 ETH for 1000 STE (based on a P/E ratio of 20).

4.3.3 Worst Case Scenario
For the worst case scenario, we calculated the break-even point for the project
using the assumptions mentioned above. If the project gets no more than 0.3% of
the cryptocurrency exchange market, it will have no commissions to distribute
among STE holders. However, there are enough contingency funds to keep it in
operation for several years in 'survival mode' and we have many backup
strategies to rectify a situation like this.

[Jack_68]

SteX exchange collect commision at 0.2% for each transaction. This commission will be used for?
And the investor will receive how many percent from this amount?

According to the STeX EXCHANGE whitepaper:

4.3 STeX market share (optimistic, realistic & worst case scenarios)

We expect to acquire of at least 5% of the cryptocurrency exchange market in the
first year of operations and become one of the 10 biggest cryptocurrency
exchanges. Based on the above projections for daily trade volume, we have listed
the estimated return on a purchase of 1,000 STE after 1 Year of STeX's release,
with a pessimistic, realistic and optimistic market share.

All below calculations are based on the assumption that STeX will be able to
collect commissions at the rate of 0.2% for 50% of all transactions on
stex.exchange. From this amount, 50% will be deducted in favor of the affiliate
program, user rebate scheme, or other corporate actions targeted at user base
growth and loyalty programs.

In other words, we took the industry average commission rate and deducted 75%
for possible tier structure rebates, discounts, affiliate programs and free trades
etc.What is left is used in our calculations below. We also estimate variable costs to
be 0.01% from the volume of transactions and fixed expenses to be no more
than 100 ETH per day. We do not use market size correction, but you should keep
in mind that 5% of the market with current trading volumes equals 1% of the
market in case it grows in volume fivefold, which is expected by most experts in
a year or two.

This means that the STeX Project's commissions will be the same, even with a
lower share of the future market - if the market itself gets bigger. For the purpose
https://stex.exchange/stecalculator
of this calculation we use a total supply of 50,000,000 STE. If you expect the
STeX ICO to be hard-capped, you should divide all resulting numbers by 2 or use
https://stex.exchange/stecalculator directly.

4.3.1 Optimistic Scenario
By acquiring 5% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00805 ETH for
every 1,000 STE tokens on a daily basis, or 0.2455 ETH for every 1,000 STE
tokens on a monthly basis, or 2.94 ETH for every 1,000 STE tokens annually.
Expected STE price is 58 ETH for 1000 STE (based on a P/E ratio of 20).

4.3.2 Realistic Scenario
By acquiring 2% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00292 ETH for
every 1,000 STE token on a daily basis, or 0.089 ETH for every 1,000 STE tokens
on a monthly basis, or 1.066 ETH for every 1,000 STE tokens annually.
Expected STE price is 21 ETH for 1000 STE (based on a P/E ratio of 20).

4.3.3 Worst Case Scenario
For the worst case scenario, we calculated the break-even point for the project
using the assumptions mentioned above. If the project gets no more than 0.3% of
the cryptocurrency exchange market, it will have no commissions to distribute
among STE holders. However, there are enough contingency funds to keep it in
operation for several years in 'survival mode' and we have many backup
strategies to rectify a situation like this.

Thanks a million for your information 

[liny1010]

Do you think 320,000 ETH on ICO to develop an exchange, it looks too much.
Isn’t it?  Shocked Shocked Shocked Shocked

[rosyrosyrosy]

Do you think 320,000 ETH on ICO to develop an exchange, it looks too much.
Isn’t it?  Shocked Shocked Shocked Shocked

Yes, It's so big. Besides developing an exchange, the liquidity and market making will be created out of these funds. 

[Jack_68]

The market go down today. But I believe that this descent is the last strong descent this year. Don't worry!!!
 
According to an analyst at Saxo Bank, the Bitcoin market cap could hit 1.75 trillion in 10 years, with its price reaching $100,000. The estimate is that cryptocurrencies will account for 10% of the average daily trade volume of all fiat trade by 2027

[njords]

Do you think 320,000 ETH on ICO to develop an exchange, it looks too much.
Isn’t it?  Shocked Shocked Shocked Shocked

From the STeX EXCHANGE whitepaper:

Use of ICO Funds

Below is the intended use of funds collected during the ICO. It is based
on the assumption that at least 150,000 ETH will be collected. Final
proportions may differ due to the fixed costs in some cases.

25% - Liquidity pool
15% - Research, development and infrastructure
10% - Legalization
20% - Project marketing (partnership program, bounty program, special promotion campaigns, corporate promotional activities)
15% - ICO marketing (partnership program, bounty program, special promotion campaigns, existing agreements)
10% - Presale participants
5% - Contingency fund

[njords]

The market go down today. But I believe that this descent is the last strong descent this year. Don't worry!!!
 
According to an analyst at Saxo Bank, the Bitcoin market cap could hit 1.75 trillion in 10 years, with its price reaching $100,000. The estimate is that cryptocurrencies will account for 10% of the average daily trade volume of all fiat trade by 2027

Same. We'll be back there. Some might say about the current situation; Buy the dips and HODL.