[ANN] BtcEX - Built for Security, Transparency and Liquidity

[Anumon]

If 30,000,000 BXC tokens have been sold out in the middle of the public sales stage. What alternative actions will the team take to fill the time gap?

I think the team will remain in accordance with what has been planned as in the roadmap, if possible to fill the existing time gap, the team might review what has been done before proceeding to the next stage.

[HolyGrey]

In the distribution of tokens there is an allocation of 24% of the total supply reserved for user incentives. What is the purpose of the allocation?

[N0tail]

According to BtcEX, what factors will make this exchange successful?

[kevinng999]

Hello community,

Base on your question, I am here to answer. Please note that legal document is follow to legal advise provide ! Personal data only for KYC purpose on BtcEX token sale. However, we may use to inform you about BtcEX platform progress by email.

1.Of all the privacy and policies determined by the company regarding personal data, does the company can reveal personal data about users to unaffiliated third parties?
 BtcEX will not reveal personal data about users to unaffiliated third parties.
2.Has this project reached their softcap?
No
3.I didn't know about BtcEX in the past, because there was no discussion about that. What I want to know is, does the plan that BtcEX is currently making have a target and a achievement more than in the past or the same?
Please see our WP https://bxlend.com/mt-content/uploads/2018/12/white-paper-3.2.pdf
4. What is the purpose of BtcEX in the near future?
According to the BTL report: https://www.blockchaintransparency.org/december-2018-rankings
Their report shows that only Binance, Bitfinex, GDAX, Kraken, Gemini is report actual volume. Our remarketing solution can immediately support these crypto pairs: BTC, ETH, XRP, BCH, EOS, LTC, DASH, NEO & ETC. BtcEX aims to source out the Top 10 ranking exchanges for order book liquidity & volume. This will improve the stable banking solution and user experience before building different products e.g. leverage trading and p2p lending.
According to TrustPilot, Bitstamp (https://www.trustpilot.com/review/bitstamp.net), as a top 10 exchange doesn't care too much about reputation. BtcEX, however, will abide by regulations, provide transparency and compliance, and believe that word of mouth advertising will lead users in the cryptocurrency industry to delete accounts on non-trusted exchanges and move to more reputable platforms.
5. What is the total number of tokens that will be distributed to bounty hunters?
For bounty program please see http://bountysuite.com/bounty-programs/btcex.html
6. What if there is damage on one of the servers it has? will the data in it be lost?
No, we will have backup server & database.
7. On the roadmap the team plans a drive $ 9 million volume on December 9, 2019. If the achievement has not been achieved, will the team delay the predetermined schedule or will it continue to the next stage?
We still move to next stage even cann’t reach $9 million volume at December of 2019.
8. How much confidence does the team have if the stated vision and mission are on target?
I would say 65% at this moment ! Due to we still not obtain license & sable banking solution ! After obtained that will say 80%
9. What will BtcEX develop in the future?
Sure, we will develop leverage & p2p lending platform after spot exchange operating profit.
10. BtcEX aims to development & provide services in 3 stages: Stage 1: Wallet & Exchange Service. BtcEX can keep cryptocurrency and utility tokens on the platform in wallets, however, it will not be immediately available to keep fiat funds or any other assets on the platform without receipt of necessary licenses. License requirement: FIU (Financial Intelligence Unit). Stage 2: Enable proposed mining features, ICO project listing, and voting services. Stage 3: BtcEX Full Order Book Exchange. Storage of fiat funds on the platform, provides leveraged trading service, P2P lending, derivative instruments, security tokens, and STO listings.
11. Can you describe a little about discounts at each stage?
Please see our WP https://bxlend.com/mt-content/uploads/2018/12/white-paper-3.2.pdf
12. If 30,000,000 BXC tokens have been sold out in the middle of the public sales stage. What alternative actions will the team take to fill the time gap?
It take 1 month form MVP move to production wallet exchange. However, It take extra 1.5 month form wallet exchange move to production full feature order book exchange.
13. In the distribution of tokens there is an allocation of 24% of the total supply reserved for user incentives. What is the purpose of the allocation?
The purpose is user incentives & reward eg daily received BXC.
14. According to BtcEX, what factors will make this exchange successful?
Funding, please join our bounty-programs http://bountysuite.com/bounty-programs/btcex.html help us reach our cap.
15. When this platform is launched later, can all the features offered be directly used?
If unfortunately platform is launched later, we will inform our community through telegram and here as announcement.
16. I still don't understand the term Cross-FX remarketing on this platform, can anyone explain that?
It let us add major crypto eg BTC/USD , BTC/GBP , BTC/EUR. Base on fx currently rate convert to BTC, ETH, LTC, BCH else.
17. Can it be explained by the team, what are the uses of personal data for someone who has registered other than for KYC use?
personal data only for KYC useful for BtcEX ICO. However, BtcEX may send email as announcement about BtcEX platform progress.
18. What are the technical and security measures that have been implemented by the company?
Exchange data is safeguarded by layered architecture, insulating all customer assets and exchange internals. Automatic backup of the database once a day
Once a day, the database of the platform is backed up, encrypted and compressed as an archive.
Duplication of backup data automatically.
Protection from DDoS attacks.
We are protected by automatic Distributed Denial of Service protection to ensure that trading cannot be halted by outside attacks.
VPN communication to platform core.
19. Why are so many countries prohibited from participating in the sale of tokens and receiving BXC tokens?
Follow by legal advisor & combine to United Nations sanctions.
20. When will the team reveal about their achievements?
We will keep posted an announcement here & telegram group https://t.me/BtcEXpro
21. What if none of the tokens were sold, either in the pre-sale stage or the public sales stage?
i. If more than 80% of the soft cap funds are raised, the sale will be extended an additional month.
ii. If less than 80% of the soft cap funds are raised, all funds contributed, excluding transaction fees, will be returned to the same wallets used in the initial transactions.
22. Will each year receive a discount trading commissions with the same amount or not?
1st year: 50%
2nd year: 35%
3rd year: 20%
4th year: 10%
5th year: no discount

Thank you for attention
Best wish,
Kevin Ng

[ErikVohl]

Maybe this is the first time I have found a project with the concept of an exchange platform. Although there are many things that I don't know yet, but with a good response from the team, I think that is quite helpful. Hopefully the team always gives a good response like this until this platform has been launched and running later.

[HolyGrey]

Does the company remain responsible for the third party's privacy policy or not?

When you use the Company's website, platforms, or Company Products, you may be directed to other websites that are beyond Company's control. The Company may also allow third-party sites or applications to link to the Company's website and platforms. The Company is not responsible for the privacy policies of third parties or any content linked to any website. The Company recommends you to read and understand their privacy policies and other legal documents of such parties and websites.

[HolyGrey]

I have experienced a transaction failure on an exchange, initially only pending and yet after waiting for quite a long time it was said that the transaction failed due to technical problems. But my cryptocurrency disappeared because of the transaction, and there was no accountability from the exchange. How does BtcEX respond to this?

[Anumon]

What opportunities are utilized by BtcEX from there are still many exchanges that cannot meet customer needs because of trade without leverage?

I think BtcEX will launch a leverage the cryptocurrency trading platform, with trading allow customers to enjoy profitable opportunities by buying or short selling to increase market liquidity. Regardless of whether or not the cryptocurrencies is a trend that is bull or bear, that volume can always be increased.

[HolyGrey]

In addition to getting free tokens, what are the benefits for holders or users of BXC tokens?

[ErikVohl]

If all tokens are sold out will there be a possibility that the BXC will be added to the quantity?

[saskehhh]

In addition to getting free tokens, what are the benefits for holders or users of BXC tokens?

As I know BXC holders are eligible to vote for the next cryptocurrency to be listed on BtcEX for free every month. And BtcEX users can contribute to qualified ICO’s on BtcEX with BXC.

[N0tail]

In addition to getting free tokens, what are the benefits for holders or users of BXC tokens?

As I know BXC holders are eligible to vote for the next cryptocurrency to be listed on BtcEX for free every month. And BtcEX users can contribute to qualified ICO’s on BtcEX with BXC.

I want to add a little that BtcEX users can follow the top profitable traders on BtcEX by paying a fee in BXC.

[Anumon]

How much is ETH for 1 price of BXC tokens?

When measured using ETH prices it seems rather difficult because the price is fluctuating, but if it's in the range of dollars, the price for 1 BXC token = $ 0.25 USD and min transaction amount is 0.1 ETH.

[HolyGrey]

12% (6,000,000 BXC) allocated to the development team. But why in the allocation of only 1,500,000 BXC that will be released every year as long for 4 years?

This incentivizes the team to build and launch the BtcEX platform, the BtcEX leverage platform, and provide customers a quality user experience.

[UstadSoleh]

ICO will start soon hopefully all will run smoothly and can achieve targeted results so that this project will be developed and will provide many benefits for the future. And all teams must have a better strategy for this project so that many investors are confident in this.

[saskehhh]

Profit margins are reduced especially in the bear market. It is difficult to justify the creation of other cryptocurrency exchanges, especially those targeting the global market. Only time will prove whether BtcEX will benefit from the spirit of cryptocurrency because more and more users are joining the ecosystem.

[N0tail]

Investors and traders must be careful with their choice to save their coins directly on the exchange. Because after the ICO wave, Masternode coins, it seems that a new wave of crypto exchanges, especially dex, has begun in recent months.

[muf18]

ICOs are welcomed at coinpaprika .

If you are interested, please fill-in this Request Form - https://coinpaprika.com/add/

[kevinng999]

Hello BtcEX Community!

The BtcEX Team is currently in the middle of our BXC Token Sale and started off hot. However, despite our recent progress, we’ve run into a technical issue. Our current smart contract was recently audited and a few critical errors were found. These errors need to addressed before moving forward.

As a result, the BtcEX Team has decided to delay the crowdsale until February 8th, 2019 to give our development team time to fix these important issues. We apologize for the delay and wanted to right the ship before moving forward for the benefit of our supporters and the BtcEX project.

Thank you again for the continued support as we could not have done this with such an amazing community.

To participate in the BtcEX Token Sale, please visit www.bxlend.com or to learn more about BtcEX, please visit www.btcex.pro.

https://medium.com/btcex/btcex-token-sale-announcement-94489e8b588a

Apologize for the inconvenience !

Best,
Kevin Ng

[kevinng999]

Hello community,

BtcEX Platform Update:

We are exciting announce that after moving hosting form iWeb to Digital Ocean. BtcEX started platform development form MVP move to production. It estimate take 40 days can launch. We will announce our launch schedule soon !Our code repository is on Gitlab: https://gitlab.com/kevinng/BtcEX-CryptoExchange/tree/master/BtxEx-client

https://medium.com/@nglokyin/btcex-platform-update-79f9023efe19

Thank you again for the continued support as we keep growing our community. Join us on telegram https://t.me/BtcEXpro

BtcEX bounty program is running please visite http://bountysuite.com/bounty-programs/btcex.html

To participate in the BtcEX Token Sale, please visit www.bxlend.com or to learn more about BtcEX, please visit www.btcex.pro.

Thank you for your attention
Best Wish,
Kevin Ng