Now many of these projects are enough. I think that the project can be distinguished only by the quality of the services it provides, which is not present in other projects.
Hi! Thanks for the kind words. I would like to add that it is not only the quality of the services we provide that is different from other platforms, but the way everything will be found on our exchange: alt-fiat pairs, debit card, one-of-a-kind charting solution, online wallet, bank level security, and much more. This comprehensive approach to trading services is also something that sets us apart from the rest of the exchanges besides the high level of quality with which our platform will operate.
As for the fiat trading pairs, are you in touch with regulators and will you be granted the necessary licenses? I can imagine it is quite tough to get all the paper work done these days when regulators are quite strict.
True, the regulators are rather strict, but our negotiations are in preparation, and we'll provide updates on the way.
If you are planning an all in one cryptocurrency exchange, you should really be focusing on all necessary licenses as a major step of your whole roadmap. Without the licenses you can't do anything or you might get shut down.
Hi! Sure, we are aware of that, and we will start working on acquiring the licenses once the ICO is over. This process is going to run alongside the development of the exchange.
you are going to acquire the licenses after the ICO? Isn't that a tremendous risk? What if you don't get the licenses?
Sure we are going to acquire the licenses after ICO, because some information the FCA needs will only be available for us after we have concluded the ICO. Furthermore, acquiring these licenses requires us to pay enormous fees to the authorities as well as to the people we hire to do the filing for us.
It is not risk at all, as getting the required license at the FCA heavily depends on the team we hire to do the filing, and on that front we won't have problems with Burlingtons as our legal advisor and financial law experts on board. Moreover, there are many ways in which the licenses can be acquired, so we will have more solutions to this question.
Many projects with platforms featuring crypto trading but here offers an easy all-in-one offer for anyone to trade .. hope to succeed
Hi! Thanks for the positive feedback!
What are the project managers’ expectations concerning platform’s reaching a cost-effective level and of subsequent profit?
Hello! We estimate the project to reach a cost-effective level of operation during Q1 2019 and reach operational profitability by the end of Q2 2019.
A very good concept. I am very fond of this project let alone the project is running in the field of exchange. How is a law going to manage project like this?
Hi! Thanks for the positive words! As regards regulation, we won't have a problem as long as 1. we have the required licenses (which we will have), 2. and we have a responsive law firm on board which can respond quickly to emerging regulatory decisions (which we already have). We are prepared!
Hey! Very good project. I appreciate very much that you’ve already developed your platform.
Hi! Thanks for the positive feedback! Glad to see we're on the right track
Interesting project! You plan to sell a lot more tokens and collect a lot of money. Tell me what is the investor's interest in buying your tokens, what does he get when buying them? I think that the discount on commissions from the exchange on the stock exchange is very small. Perhaps investors will receive a percentage of the income of the exchange or any privileges? I want to find the answer to the question why should I invest in your project?
Hi there! Sorry for the belated reply, did not mean to ignore your comment.
To the best of our knowledge, no exchanges are giving any discounts on their trading fee as rewards to their investors (except to whales perhaps who have their own terms). Paying 0.11% instead of 0.15% sounds like a good deal, especially because many exchanges charge higher trading fees, like 0.2%+.
We do not directly distribute dividends, since BEC is a utility token, but we do have a monthly buy back and burn program to raise the value of the token. This means that we will market buy BEC tokens on the BitEsprit exchange for some of our profits made in that month, and burn the tokens permanently. This way we incentivize long term holding.
Be sure to join our Telegram to ask your questions directly from the team!
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