njords (OP)
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February 19, 2018, 08:55:58 PM |
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Nothing is set in stone yet. The vote is still ongoing.
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jetx
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February 19, 2018, 08:59:04 PM |
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fingers crossed then. i was really looking forward to participating in this ICO. even with 2.5 ETH per 1000 STE, that's still a good price to get in on if this exchange does well, and all the signs says it will. oh, the FOMO. :/
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njords (OP)
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February 19, 2018, 09:05:28 PM |
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It's certainly possible. They may even set up an STE shop after the ICO. Meaning it won't really be an ICO scenario, but once the platform has launched, you might be able to purchase STE tokens directly from the exchange still. Right now they are voting for whether to just skip the ICO Stage 2. I'm reading up on this as we speak.
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jetx
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February 19, 2018, 09:13:02 PM |
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It's certainly possible. They may even set up an STE shop after the ICO. Meaning it won't really be an ICO scenario, but once the platform has launched, you might be able to purchase STE tokens directly from the exchange still. Right now they are voting for whether to just skip the ICO Stage 2. I'm reading up on this as we speak.
thank you. please post here or in PM once there is more information on this. i want a piece of the dividends of this exchange. the FOMO is strong with this one.
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bartwon
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February 20, 2018, 03:11:54 AM |
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Is STE token and A2A token the same?
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njords (OP)
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February 20, 2018, 03:47:48 AM |
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Is STE token and A2A token the same?
No. STE is a security token - A2A is a utility token. From the Whitepaper page 20. A2A Technology Our A2A decentralized technology allows us to support thousands of cross rates simultaneously with efficient resource usage. We process all cross-rates in A2A Cloud, with virtually unlimited ability of horizontal scaling.
Imagine an orchestra with a conductor. Each instrument is a separate coin server, playing its own part in the symphony.
The core (conductor) makes them all work together perfectly synchronized. If the core is down, this role is transferred to a spare conductor waiting nearby, or even to one of the musicians.
If some musician it not fast enough to play all the tunes in time, we can add another with the same instrument so that they could share the task. Each task is totally independent and can be performed on a separate server. Or, if need be, on hundreds of such servers. And all that is automated in the STeX Cloud.
A2A tokens are used as an intermediary to evaluate every listed coin and create a matching pair of orders in the system's core
A2A Tokens A2A tokens are used as an intermediary in every trade on STeX using A2A technology. The problem is that while working with hundreds of different assets, you need a measurement system to evaluate all the tokens in order to create cross-rates, calculate commissions, do all the internal accounting. So, we used an additional token for that purpose. It was designed with self-balancing supply capabilities ruled by the smart contract on the Ethereum network and internal market making pool in other currencies on STeX platform.
Furthermore, we have a promotional system to attract users and make their trading activities more profitable (especially, for active traders who may suffer from turnaround commissions).
By mixing these two concepts together, we have created a STeX utility token named A2A after the technology Any2Any we invented and used to create 10,000 sross-rates.
The additional utility function of this token is to provide an easy to account tier system for commission discount for all users on the STeX exchange. There are no passive income opportunities, no profit sharing in the A2A token, and, at the same time, it should be very attractive for the users to buy, use and hold in order to get extra discounts and unlock the professional features on STeX which will be available only for professional traders with a sufficient amount of commissions paid to the system.
The A2A tokens supply is limited by 500,000,000 A2A tokens. However, all undistributed tokens will be burned after the end of the A2A ICO. There is no soft cap, as the project has all the funds required for completion and almost any amount of the A2A tokens in the circulation is good for the system beause of the sefl-balancing feature.
The A2A token has 8 decimals.A2A token that will give users an opportunity to reduce their trading fees by up to 50% through paying commissions with it, and will increase user's discount based on the amount of the commissions paid to the system and on the amount of time that you hold the token on your account. As a proof of concept, you can look at BNB Binance token which has a similar structure and purpose. To match cryptocurrency market growth and provide additional long-term stability to the token, we also have a mechanism that balances the prices of the A2A token.
From every commission paid to STeX, 70% of A2A are sold on the open market at current prices and become STeX's income. The remaining 30% are immediately transferred to the smart-contract known as A2A SHOP to be sold from that contract at the all-time high price, 0.1% higher than previouse sale from the contract. The funds from the sales of A2A tokens via the smart contract are accounted for as STeX income. It is almost as effective a price balancing system as a buy-and-burn option, but instead of the project's profits in BNB token (which can be unstable, as the exchange may have expences exceeding collected commissions) it is linked to the total trading amount on the STeX platform without the necessity of burning.
When the price of A2A goes down (and it will at some point, as it is a free market), the circulation supply will be temporarily reduced every day by the 30% from daily commissions paid to the exchange. Lower A2A prices will result in bigger absolute amounts of A2A transferred to the smart contract. In an extreme case, the demand for A2A, needed to be bought to process the ongoing transactions, can exceed the total circulation supply and the price will immediately rise to the level of the current sale price in the A2A SHOP. This system gives us an assurance that any A2A dump will be simply a perfect trading opportunity, and the token itself might become a very attractive trading instrument.
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jetx
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February 20, 2018, 04:12:13 AM |
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apparently STE tokens will be sold once the exchange launches. i hope i understood that correctly. fingers crossed!
so okay.
STE = security token A2A = utility token
utility in what way? why should we care about buying A2A at all? they don't have anything to do with the dividend distribution on the exchange platform, right? only STE hodlers receive dividend distribution.
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bartwon
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February 20, 2018, 04:23:43 AM |
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Thank you for that. But it's as jet says, what's the point of shopping a2a if there are no dividends to pick up from it?
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njords (OP)
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February 20, 2018, 05:46:58 AM |
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Thank you for that. But it's as jet says, what's the point of shopping a2a if there are no dividends to pick up from it?
A2A Token holders' benefitsA2A token holders can get a discount of up to 50% if they pay fees on the STeX platform in A2A tokens from their internal A2A balance. In the first year of operations all users will get a 50% discount regardless of the conditions, and in the following years such unconditional discount will be as follows: Default discount for all users | Maximum DiscountYear 1 | 50% | 50%Year 2 | 35% | 50%Year 3 | 25% | 50%Year 4 | 20% | 50%Year 5 and over | 10% | 50%Unlike some similar tokens (BNB, for example) A2A tokens will never lose all their discount potential and will stay attractive for the users. The maximum 50% discount will always be available for the users meeting special conditions to unlock higher discount rates, like the amount and time of the A2A tokens being held, the amount of daily and/or monthly commissions paid, etc. Additionally, STeX EXCHANGE expects the A2A token to be seen as an attractive short- and long-term trading asset, which will increase the demand as well.
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bartwon
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February 20, 2018, 11:21:43 PM |
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Thanks. Is there any minimum amount in incoming a2a ico?
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njords (OP)
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February 20, 2018, 11:34:58 PM |
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You mean minimum amount of A2A you have to purchase in the upcoming ICO? Or minimum amount they need to sell?
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jetx
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February 21, 2018, 01:31:59 AM |
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Thanks. Is there any minimum amount in incoming a2a ico?
my guess is you mean what is the minimum amount of ETH you must buy for in ICO. 0.1 ETH.
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bartwon
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February 21, 2018, 02:45:36 AM |
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It is what I meant yes. Thanks.
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Jaya912
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February 21, 2018, 03:11:26 AM |
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To be honest, I've never heard of such exchanges, only now, after your message, I'll probably go and study this project. Today, after all, there are not a few exchanges, although most of them are not decentralized, but still they fulfill their function, although very expensive commissions
Comission is our enemy which need to reduce. I know we can not delete this fee but at least we reduce it. In choosing exchange, we need to look any other fuction but the first one is fee
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njords (OP)
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February 21, 2018, 05:13:53 AM |
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To be honest, I've never heard of such exchanges, only now, after your message, I'll probably go and study this project. Today, after all, there are not a few exchanges, although most of them are not decentralized, but still they fulfill their function, although very expensive commissions
Comission is our enemy which need to reduce. I know we can not delete this fee but at least we reduce it. In choosing exchange, we need to look any other fuction but the first one is fee STeX EXCHANGE aims to be very competitive in this regard. From Whitepaper page 14: - Lowest possible bid/ask spreads in the industry - Bid/ask size automatic calculation - Stop/limit/conditional orders - Best prices available across other exchanges
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njords (OP)
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February 21, 2018, 05:17:40 AM |
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It is what I meant yes. Thanks.
Right. 0.1 ETH is the minimum. The rules, conditions and duration of each of the ICO Stages will be described at https://stex.exchange/icobefore the beginning of the each stage. All Ethereum transactions in the amount less than 0.1 ETH will be rejected by their smart-contract. Consider signing up for the mailing list at https://stex.exchange for instant email updates on the latest happenings.
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jetx
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February 22, 2018, 02:31:42 AM |
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are there any safety precautions if A2A were to go down in value?
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jetx
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February 22, 2018, 02:33:32 AM |
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I discovered early (and invested in) STeX Exchange [STE] due to the features and their ability to scale, but the alpha release is not ready until Q1 2018. For those not up to speed on this exchange, here is a quick intro: The STeX EXCHANGE [STE] is bringing the full force/scope of traditional financial market instruments to crypto: Liquidity, Cross-rates, Futures, Leverage, Options, Investors and Managers, Out-of-the-box, all in one trading platform. Trade over 10,000 coin cross rates. 100% dividend distribution among STE token holders. With their 100% horizontal scaling system the STeX EXCHANGE can serve virtually ANY number of users. STeX Terminal and A2A Technology explanation video: https://www.youtube.com/watch?v=A9O4jQlpiFsWhitepaper ➠ Team ➠ STE Token Price Calculator ➠ STE Evaluation Paper ➠ STeX Technology ➠ Telegram channelICO STAGE II: March 2018. 2.5 ETH = 1000 STE Site: https://stex.exchangeFutures..........: Yes Margin Trading: YesDerivative......: YesHedge Funds...: YesTrading Pairs..: >10000Liquidity.........: Highest possibleCompare STeX Exchange with KYBER NETWORK, BINANCE, ETHERDELTA, BITSQUARE, QVOLTA, SPECTRE, EIDOO, BITTREX, BITFINEX, OKCOIN, BITSTAMP, COINBASE and KRAKEN in the Whitepaper - Page 15 > 5.2 Comparison with STeX. Pros: - Lowest possible bid/ask spreads in the industry - Bid/ask size automatic calculation - Stop/limit/conditional orders - Best prices available across other exchanges - 100% dividend distribution (paid in ETH) Cons: - Restricts US and Hong Kong citizens because of SEC and SFC regulation Are there any other exchanges already available - or upcoming - with features and dividend distribution on par with the STeX Exchange ? maybe make it clear that the ICO is actually for A2A and not STE. only with STE will you get dividend distributions. not with A2A.
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njords (OP)
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February 22, 2018, 04:52:22 AM |
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are there any safety precautions if A2A were to go down in value?
Yes. From Whitepaper page 21: When the price of A2A goes down (and it will at some point, as it is a free market), the circulation supply will be temporarily reduced every day by the 30% from daily commissions paid to the exchange. Lower A2A prices will result in bigger absolute amounts of A2A transferred to the smart contract. In an extreme case, the demand for A2A, needed to be bought to process the ongoing transactions, can exceed the total circulation supply and the price will immediately rise to the level of the current sale price in the A2A SHOP. This system gives us an assurance that any A2A dump will be simply a perfect trading opportunity, and the token itself might become a very attractive trading instrument.
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njords (OP)
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February 22, 2018, 04:53:24 AM |
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I discovered early (and invested in) STeX Exchange [STE] due to the features and their ability to scale, but the alpha release is not ready until Q1 2018. For those not up to speed on this exchange, here is a quick intro: The STeX EXCHANGE [STE] is bringing the full force/scope of traditional financial market instruments to crypto: Liquidity, Cross-rates, Futures, Leverage, Options, Investors and Managers, Out-of-the-box, all in one trading platform. Trade over 10,000 coin cross rates. 100% dividend distribution among STE token holders. With their 100% horizontal scaling system the STeX EXCHANGE can serve virtually ANY number of users. STeX Terminal and A2A Technology explanation video: https://www.youtube.com/watch?v=A9O4jQlpiFsWhitepaper ➠ Team ➠ STE Token Price Calculator ➠ STE Evaluation Paper ➠ STeX Technology ➠ Telegram channelICO STAGE II: March 2018. 2.5 ETH = 1000 STE Site: https://stex.exchangeFutures..........: Yes Margin Trading: YesDerivative......: YesHedge Funds...: YesTrading Pairs..: >10000Liquidity.........: Highest possibleCompare STeX Exchange with KYBER NETWORK, BINANCE, ETHERDELTA, BITSQUARE, QVOLTA, SPECTRE, EIDOO, BITTREX, BITFINEX, OKCOIN, BITSTAMP, COINBASE and KRAKEN in the Whitepaper - Page 15 > 5.2 Comparison with STeX. Pros: - Lowest possible bid/ask spreads in the industry - Bid/ask size automatic calculation - Stop/limit/conditional orders - Best prices available across other exchanges - 100% dividend distribution (paid in ETH) Cons: - Restricts US and Hong Kong citizens because of SEC and SFC regulation Are there any other exchanges already available - or upcoming - with features and dividend distribution on par with the STeX Exchange ? maybe make it clear that the ICO is actually for A2A and not STE. only with STE will you get dividend distributions. not with A2A. The voting is still going on. Once the voting is over we will know if there will be a Stage 2 ICO for STE or not.
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