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Makkara
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October 07, 2018, 10:38:18 AM |
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The fact binance is here today and successful does not mean is going to be impossible for other to find their place. Plus binance has listing fee that are like an armed robbery.
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levyashin
Sr. Member
 Offline
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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October 07, 2018, 10:50:09 AM |
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Is the exchange only available in Q3 of 2019? Before that date will any beta or test be available? Should all investors go through KYC?
I asked about the kyc for bounty, it's only needed if you want to sell your tokens there. So basically you'll have to do it eventually if you want to use the site to sell your tokens. You can withdraw them without kyc though... It is interesting. So you can withdraw tokens without kyc but can't use the exchange. It was mostly the opposite. Like you can use the exchange but never withdraw without a kyc. Maybe they are making an exception for bounty only. |
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the_donald
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October 07, 2018, 10:59:51 AM |
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Is the exchange only available in Q3 of 2019? Before that date will any beta or test be available? Should all investors go through KYC?
I asked about the kyc for bounty, it's only needed if you want to sell your tokens there. So basically you'll have to do it eventually if you want to use the site to sell your tokens. You can withdraw them without kyc though... It is interesting. So you can withdraw tokens without kyc but can't use the exchange. It was mostly the opposite. Like you can use the exchange but never withdraw without a kyc. Maybe they are making an exception for bounty only. I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it. |
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magisterr
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October 07, 2018, 11:02:55 AM |
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I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it.
KYC for participiate in ICO or KYC for trading on their future exchange? KYC for token sale needed almost every project nowdays. But for trading is nt a good idea. For example COSS needed KYC and they are not a popular, as a lot of exchanges without KYC and people want not pass KYC. |
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king_of_alts
Member
Offline
Activity: 476
Merit: 10
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October 07, 2018, 11:06:13 AM |
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I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it.
KYC for participiate in ICO or KYC for trading on their future exchange? KYC for token sale needed almost every project nowdays. But for trading is nt a good idea. For example COSS needed KYC and they are not a popular, as a lot of exchanges without KYC and people want not pass KYC. I think for trading as well because otherwise the authorities think the exchange wil be used for money laundering. |
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matjas
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October 07, 2018, 11:06:40 AM |
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The fact binance is here today and successful does not mean is going to be impossible for other to find their place. Plus binance has listing fee that are like an armed robbery.
And despite the high fee it's still one of the most popular exchanges now. All of the exchanges have different advantages and a fiat gateway is definitely needed. |
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loup
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October 07, 2018, 11:15:36 AM |
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The fact binance is here today and successful does not mean is going to be impossible for other to find their place. Plus binance has listing fee that are like an armed robbery.
And despite the high fee it's still one of the most popular exchanges now. All of the exchanges have different advantages and a fiat gateway is definitely needed. That's why another exchanges have an opportunity to success. Binance is not perfect and in that weak points another exchanges can take advantages. |
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mandibleclaw
Member
Offline
Activity: 532
Merit: 50
ONe Social Network.
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October 07, 2018, 11:38:08 AM |
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I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it.
KYC for participiate in ICO or KYC for trading on their future exchange? KYC for token sale needed almost every project nowdays. But for trading is nt a good idea. For example COSS needed KYC and they are not a popular, as a lot of exchanges without KYC and people want not pass KYC. Coss isn't popular for many reasons, one is the KYC thing you mentioned, another is that they launched it with a loads of bugs which has driven out people pretty fast |
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king_of_alts
Member
Offline
Activity: 476
Merit: 10
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October 07, 2018, 12:39:18 PM |
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I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it.
KYC for participiate in ICO or KYC for trading on their future exchange? KYC for token sale needed almost every project nowdays. But for trading is nt a good idea. For example COSS needed KYC and they are not a popular, as a lot of exchanges without KYC and people want not pass KYC. Coss isn't popular for many reasons, one is the KYC thing you mentioned, another is that they launched it with a loads of bugs which has driven out people pretty fast That's a good point. People these days are spoiled by Binance's user experience so a new exchange has to be convenient to use, have competitive fees and much more. It is no easy task to achieve. |
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mandibleclaw
Member
Offline
Activity: 532
Merit: 50
ONe Social Network.
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October 07, 2018, 12:46:39 PM |
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Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange
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lvsca
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October 07, 2018, 01:59:19 PM |
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Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange
unique offer will attract more traders. there are some exchange that not charge fee for trading. trading contest is a great offer to. |
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wissy
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October 07, 2018, 02:26:38 PM |
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Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange
unique offer will attract more traders. there are some exchange that not charge fee for trading. trading contest is a great offer to. Some exchanges also give some sort of dividends to their token holders. Loyalty and incentive programs like that make all the difference. |
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Rigorous
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October 07, 2018, 02:27:25 PM |
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Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?
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zgrdyg
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October 07, 2018, 02:46:37 PM |
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Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?
That's really controversial from this point of view, i don't like kyc or aml procedures while everyone is mentioning anonimity, decentralization or other concepts of crypto currency. |
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belechau
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October 07, 2018, 03:43:02 PM |
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I see today in most of the topics the disagreement about KYC in the projects, many opinions are understandable, after all, anonymity has always been the center point of the crypto world, but looking at the side of those who execute your project, probable legal implications in the future lead us to a better understanding of this need
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sge99
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October 07, 2018, 04:02:51 PM |
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I see today in most of the topics the disagreement about KYC in the projects, many opinions are understandable, after all, anonymity has always been the center point of the crypto world, but looking at the side of those who execute your project, probable legal implications in the future lead us to a better understanding of this need
Yeah, nobody is happy about KYC but probably it is one of many other requirements for European exchanges to get a license . |
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o48o
Legendary
Offline
Activity: 3038
Merit: 1161
Leading Crypto Sports Betting & Casino Platform
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October 07, 2018, 04:09:38 PM |
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Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?
It doesn't have to be an anonymous, or even pseudonymous to be decentralized. Imho is enough if you own your own private key. |
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Felipeo
Sr. Member
Offline
Activity: 476
Merit: 262
EOSABC
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October 07, 2018, 05:18:42 PM |
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Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?
It doesn't have to be an anonymous, or even pseudonymous to be decentralized. Imho is enough if you own your own private key. Totally agree. We need more fiat transactions in decentralized exchanges. I dont think there is any decentralized exchange working right now which has good volume. Ternion may revolutionize the market. |
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SixFigures
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October 07, 2018, 05:29:09 PM |
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How many employees are there in your Company?
Hi, we have currently 18 employees. You can check them out on our website when you scroll down to 'Team' section. Do you actually need so many employees at this point or is it mostly about the customer support and you have a lot of people from different countries with different languages? How many are working on critical things like security/coding? There are 12 employees working on security and coding. Other employees are responsible for public outreach, partners relations, content creation, design, sales, community engagement, as well as customer support. That's a good number of people working on the most relevant aspect of this project. Hope you can make some great progress. With regards to development progress, can you tell us the percentage status of its completion? Is it already more 50 percent complete? If we evaluate the roadmap, then there is still a year to full functioning. So now the work has been done at best by 30%. The exchange is not even in the beta version yet, since the trades do not function. So if you estimate to still take a year to complete it, I guess it would be safer to assume that it takes 18 months. There are always surprises in software development, and they tend to be overall negative. I guess they have taken into account the possible problems that can happen during th development to estimate that dates. If you read my comment thoroughly you would have noticed that I was talking about so called surprises in software development, meaning incidents which can't easily be anticipated. |
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the_donald
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October 07, 2018, 07:09:47 PM |
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I see today in most of the topics the disagreement about KYC in the projects, many opinions are understandable, after all, anonymity has always been the center point of the crypto world, but looking at the side of those who execute your project, probable legal implications in the future lead us to a better understanding of this need
Yeah, nobody is happy about KYC but probably it is one of many other requirements for European exchanges to get a license . but will the KYC requirement be global or only in markets that require it? |
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