✅EINAX.COM - Airdrops / Bounties / Exchange platform (0.0% fee) / Free listing

[einax]

understood.   so I can just see the 2 CETH which is 'bound' to my a/c, but I cannot use/trade/withdraw these 2 CETH until you give me the rest of the code.

and if you do not give me the code until expiration date, the 2 CETH returns to you... right?

Yes. Also, nobody else (even if full code is given to them) will be able to claim funds from bound voucher.

Here is the full code of that voucher:

Code:

2965448 0688662 — 923812

Now you can redeem it.

[1715537290]

1715537290

[1715537290]

1715537290

[1715537290]

1715537290

[1715537290]

1715537290

[1715537290]

1715537290

[1715537290]

1715537290

[kabit9]

understood,  thanks.  interesting system, this could be useful for OTC transactions dealing with large amounts of cypto/cash.  what other use cases could there be ??

[einax]

understood,  thanks.  interesting system, this could be useful for OTC transactions dealing with large amounts of cypto/cash.  what other use cases could there be ??

Besides OTC two other use cases comes to mind:


Bounties

Alice managing bounty campaign of XXX token. She creates 10 Bindable vouchers (she uses description on vouchers to distinguish recipients and tasks). She gives all participants their respective bindable codes. As soon as tasks are completed she gives them their full codes. All bounty hunters are always assured that their payment is reserved they are motivated to finish the task to receive reserved reward.
 

Payment for work

Alice agreed to create a website (or other software) to Bob in 2 month. Bob creates Binding voucher for 2 ETH with expiration date equal to work deadline plus some time in case some unexpected delays will occur (say 3 month).
Alice binds this voucher and now she knows her payment is reserved in won't be spent for at least 3 month. She creates website and shows it to Bob. If Bob likes her work he releases her payment, and she gives him source code. If Alice failed to deliver satisfactory results - Bob can decide not to pay. In this case his funds will return to his account automatically in 3 month.

[kabit9]

Got it.  I'm sure people will be able to think of further use cases.

My initial suggestion to the team is that you should make this a seperate service from the exchange. I can see people wanting to use this as a stand alone service, not affiliated/tied to any exchange. I suppose in this case, you are basically functioning as an escrow.

[einax]

Got it.  I'm sure people will be able to think of further use cases.

My initial suggestion to the team is that you should make this a seperate service from the exchange. I can see people wanting to use this as a stand alone service, not affiliated/tied to any exchange. I suppose in this case, you are basically functioning as an escrow.

I agree. Even though we are currently planning to host it inside main website (it has to share same transaction processing and accounting for the sake of efficiency) we may eventually move markets to different domain/website for the reasons you suggested above - it is indeed reasonable to separate products to deliver different products to different groups of customers via slightly different channels. 

[einax]

1 Free [CETH] for someone to claim:

Code:

1558289 4383381 — 168495

[~Money~]

the service seems to have global bounty idea with some new features, which are not clear for me yet,
somethings like these:

why devs should deposit tokens here and then distribute as airdrop?
how bounty hunters can be sure that they will receive the full code?
service is new, but it lacks the most important part for newbies, referral system

as for first question i can see it may reduce dev costs on paying the payment fee, but how can he/she trust to deposit a big amount of his tokens here?
for bounty hunters, i think if the site some how accepts to deliver the last part of code after completing the tasks (like global bounty) then it can be promising

still, i will watch closely to see how project will move forward

[einax]

why devs should deposit tokens here and then distribute as airdrop?

Our platform primarily aimed to serve ERC-20 tokens. Right now to send Airdrop Token developer have to pay a lot in gas fees just to send otherwise free tokens to the recipients. This vastly limits audience for token distribution. Our Airdrops are done off chain and much more flexible, meaning token developer can Pause Airdrop at any point of time, Refill airdrop's budget or ensure that Airdrop being redeemed by unique users (Any airdrop can be made available to phone verified users only). Devs can even run multiple Airdrops at the same time.

how bounty hunters can be sure that they will receive the full code?

There is no way to be 100% sure. It won't be more effective then hiring actual escrow, but who would hire escrow for bounty that usually have pretty symbolic reward?
Besides, binding voucher can be made with extremely long lock time (A year or five years) - this may further assure bounty hunter that at least his payment won't be usable by bad character for years if he will decide not to pay.

as for first question i can see it may reduce dev costs on paying the payment fee, but how can he/she trust to deposit a big amount of his tokens here?

Excellent question. We are aiming to serve new developers, those who just began their promotion campaign. Ideally we are aiming to list tokens even before they went public with the project. At that point tokens don't have huge market cap, and in case something will happen to the deposit it will not be a huge deal to simply create new token instead and make another airdrop.

for bounty hunters, i think if the site some how accepts to deliver the last part of code after completing the tasks (like global bounty) then it can be promising

We are planning to introduce basic tasks like "join telegram group, make a Tweet and similar" that are required to redeem certain airdrops. However this feature is scheduled after we launch ETH markets.

btw, is there any settings except the security menu option?

There are none currently. However we are planning to extend user profile to allow integration with Twitter and Telegram soon (that will be required to track tasks completion). Full KYC is not not in our immediate plans.  

  

[~Money~]

thanks for the long time consuming reply which clears many things,

There is no way to be 100% sure. It won't be more effective then hiring actual escrow, but who would hire escrow for bounty that usually have pretty symbolic reward?   

this is what i was expecting to see, why your service doesnt accept that, in my opinion, making that free escrow for bounties can increase your audience and can benefit your, devs and users all at the same time. it can be a great opportunity for crypto world business to increase the trust on such parties easily

all it needs, is you promote your service hardly and make others believe that your are the one that can be trusted 

We are planning to introduce basic tasks like "join telegram group, make a Tweet and similar" that are required to redeem certain airdrops. However this feature is scheduled after we launch ETH markets.

if you expand this easy task to all social services, and even to this forum activities, i think that can bring devs here much faster, even though i am a fan of slow/steady movements 

btw, liked your service really and will try to help in promoting it as much as i can 
good luck

[einax]

all it needs, is you promote your service hardly and make others believe that your are the one that can be trusted 

Exactly. We understand that trust comes with time and hard work and are not expecting booming success right away. 

if you expand this easy task to all social services, and even to this forum activities, i think that can bring devs here much faster, even though i am a fan of slow/steady movements 
btw, liked your service really and will try to help in promoting it as much as i can 
good luck

Thank you for your kind words.
It is unlikely we will be adding forum activities since incentivising forum posting is strictly against rules.
However, we have lots of other ideas and thoughts in that regards. All we need is time.

[fcmatt]

the website is good for me I think, but it is a little different from all other airdrop/bounties
in your site, the participant need to deposit an ETH to be able to withdraw their tokens?

[einax]

the website is good for me I think, but it is a little different from all other airdrop/bounties
in your site, the participant need to deposit an ETH to be able to withdraw their tokens?

Yes. This is needed in order to cover transaction fees. However currently we are running promo - you can redeem some free ETH - just enough to perform single withdrawal for free. Check our our twitter!

[ikhub]

the website is good for me I think, but it is a little different from all other airdrop/bounties
in your site, the participant need to deposit an ETH to be able to withdraw their tokens?

Yes. This is needed in order to cover transaction fees. However currently we are running promo - you can redeem some free ETH - just enough to perform single withdrawal for free. Check our our twitter!

To Redeem the code one has to be phone verified, but verification sMs never reaches my phone 

[kabit9]

i have noticed this also with certain countries phone #, but some other countries like UK # works fine.

[einax]

i have noticed this also with certain countries phone #, but some other countries like UK # works fine.

Please send us a support ticket and provide your phone number. We will try to resolve this issue with our SmS service provider.

[khufuking]

I registered to your website and I can say that you have something really interested there, the site is offering a way to reduce the cost of airdrop distribution which is really great, it will even help left up the load of the Ethereum network on the peak times, but the question that raises itself here is, what will make any project trust to deposit huge amount of there Tokens into your service? And most importantly where is the About-us page? there is nothing about the team behind this project there! Is there any reason behind this?

[einax]

but the question that raises itself here is, what will make any project trust to deposit huge amount of there Tokens into your service?

As I have mentioned earlier in this thread, we are aiming our service at the developers who are in the very early stage of their project (or even some developers who have not made their project public at all). Therefore their tokens won't have significant market value and can easily be recreated by republishing smart contract. In such event, our reputation impact will be devastating while the token developer will simply have to republish smart contract.  

And most importantly where is the About-us page? there is nothing about the team behind this project there! Is there any reason behind this?

I understand that what I have to say about the team may sound vague and I urge you to be as careful with our service as you would be with any other centralized service. We made a conscious decision not to publish any specific information about the development team mostly for security reasons. Our entire team works full-time so similar threats would be very real for us in the future.

[einax]

Dear einax customers!

I am delighted to announce that today we are finally releasing Einax Exchange Demo market at https://tst.einax.com:8443/

What you need to know:
1. Demo market is NOT a real market. ETH and WT traded there are NOT real, cannot be withdrawn or deposited. Do not try to deposit or withdraw ETH to your TST account, because it will result in your funds being lost. Do not attempt to withdraw ETH from your TST account - since it does not connect to the Ethereum network.
2. Your current einax account will not work on TST. In order to participate in market testing, you will have to create a separate account.
3. Some features are disabled in TST environment (like SMS verification).
4. live vouchers will not work on TST and vice-versa.
5. Self-trading is ALLOWED for testing purposes (i.e. you can buy out your own orders in a testing environment). This will be permanently disabled in the live version.
6. All new accounts will receive 100 WT. To receive ETH simply redeem this TST Airdrop:  3680774 5833337 — 497446
7. Mobile version of markets is not supported at this moment

Please feel free to register your TST account and try placing your buy/sell orders. If you experience any issues or believe that order was placed/executed incorrectly - do not hesitate to create a support ticket, or write us directly at support@einax.com. We are also welcome all of your suggestions and feature requests.

In order to get yourself familiar with einax trading interface please follow einax market interface guide available here:
https://medium.com/@mike_73548/einax-trading-interface-8504537b88af

We will be frequently updating all available materials and improve overall service quality.

[einax]

ETH MARKETS ARE LIVE

Currently opened pairs are:

CETH - ETH
GMC - ETH
ZDX - ETH
TICO - ETH

Fees are 0.1% (maker and taker fee)

For listing inquiries please contact us at support@einax.com

[einax]

New market listings:

ZRX/ETH 0x Protocol Token                  https://0x.org/
SUT/ETH SUAPP                                  https://suapp.org
DCA/ETH Decentralized Currency Asset https://decentralizecurrency.net
EMT/ETH ElectronicMusic                      https://www.electronicmusictk.com
TNX/ETH Translatix                              https://www.translati-x.com