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

[ErikVohl]

BXC is only available on BtcEX, will this token have its own wallet or still use the ERC-20?

[saskehhh]

BXC is only available on BtcEX, will this token have its own wallet or still use the ERC-20?

I think because this BXC is a type of token that is still under the Etherium network, it looks like the wallet used is still ERC-20, as also the team said on the website.

[Anumon]

What distinguishes the new BtcEX exchange security system from the old one? Because as we know, the old BtcEX security system has been hacked and lost all the funds that exist.

So far there has been no discussion about the BtcEX security system in the past, but for the BtcEX security system that will be launched May 13, 2019 later all the discussions you can be found in the whitepaper.

[ErikVohl]

Which exchanges, that the team think will become the main competitor of BtcEX?

[HolyGrey]

What are the tools that can be used by the user / customer if there is a complaint to be conveyed to the BtcEX support team?

As I know the BtcEX support team will provide prompt, user-friendly customer service that will include communications on Telegram, email and live chat.

[saskehhh]

Which exchanges, that the team think will become the main competitor of BtcEX?

In the market forecast, BtcEX aims to compete with Bitstamp and Bitfinex and have modeled conservative revenue projections that forecast BtcEX will only add users at the same rate as Coinsuper. This rate of growth will decline by 10 percent each quarter.

[ErikVohl]

Which exchanges, that the team think will become the main competitor of BtcEX?

In the market forecast, BtcEX aims to compete with Bitstamp and Bitfinex and have modeled conservative revenue projections that forecast BtcEX will only add users at the same rate as Coinsuper. This rate of growth will decline by 10 percent each quarter.

If referring to market forecasts, how much estimated deposit margin by user on BtcEX? do you know that?

[HolyGrey]

What are the tools that can be used by the user / customer if there is a complaint to be conveyed to the BtcEX support team?

As I know the BtcEX support team will provide prompt, user-friendly customer service that will include communications on Telegram, email and live chat.

Will the customer service continue to be open for 24 hours? Because later that will use this platform from different countries and different times.

From the information I got, customer service from the support team was only at office hours.

[saskehhh]

Which exchanges, that the team think will become the main competitor of BtcEX?

In the market forecast, BtcEX aims to compete with Bitstamp and Bitfinex and have modeled conservative revenue projections that forecast BtcEX will only add users at the same rate as Coinsuper. This rate of growth will decline by 10 percent each quarter.

If referring to market forecasts, how much estimated deposit margin by user on BtcEX? do you know that?

The team estimates that for estimated deposits the margin by user on BtcEX is $ 15,000

[kevinng999]

Hello, I am the founder of BtcEX Kevin Ng.
We apologize late reply here ! Due to we focus on ICO marketing work. I am here to reponds some of question & concern on BtcEX project.
Some of question inside WP and already got answer form community. Then we answer other question here.

1.From which country does this token come from?
BtcEX ICO project through Estonia jurisdiction as token issuer
2. Almost 90% of ICO projects managed by TokenSuite team turn into a SCAM! Just check their trust information and this few threads:
At the moment Tokensuite is our marketing partner, 90% is managed into a SCAM ! It’s depends on those ICO project executive after got funding with delivery term according to White paper or not ! Please check BtcEX operating history if still have concern on BtcEX is SCAM or not
https://www.google.com/search?q=btcex&oq=btcex+&aqs=chrome..69i57j69i60j69i61j69i60l2j69i65.6887j0j4&sourceid=chrome&ie=UTF-8#lrd=0x3403f884b464c807:0x38a55412f14eaf45,1,,,
3.How does if not all token sold out?
According to the WP, If the BtcEX token sale does not reach the soft cap of $1,000,000 at the completion, there will be two courses of action: 1. If more than 80% of the soft cap funds are raised, the sale will be extended an additional month.
2. 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. (Please see WP page 22)
3. From the information I got they were located at 810 Wayson Commercial Building 28 Connaught Road West, 00852 Hongkong.
BtcEX base in Hong Kong originally, but we already register in Estonia as this ICO project issuer. Refer to https://ariregister.rik.ee/ettevotja
4. When the bounty program will begin?
Please visit http://bountysuite.com/bounty-programs/btcex.html
5.  What will be traded on the BtcEX exchange later?
BTC, ETH, BCH, XRP, ETC, EOS, LTC, NEO, DSH & ZEC with USD after that is BXC token vote coin & token listing
6. How is the team acting in the face of competition with competitors?
Our strategy is first build up a  deep order book spot exchange trade with major crypto /fiat build up customer base then launch leverage trading platform, P2P lending. No reputation exchange no other product !
10 .Where I can find a discussion about the legality of this project?
This BtcEX ICO project is fully follow by our legal advisor COBALT (Estonia ) https://www.cobalt.legal/en/contacts/
11. What is the reason BXC prefers as a utility token rather than as a security token?
Due to security token request more resources eg time frame, smart contract complex, license request and budget. We base on our on hand resources, experience, budget & time frame to decide BtcEX issue utility token not security token. Our goal is getting funding success to re-launch crypto market.
12. Why Estonia was chosen as the location of the BtcEx exchange? are there specific reasons?
Estonia is most crypto friendly country in Europe, Malta also and it’s depends on how long we can obtain fully function crypto license (accept keep client fiat in bank).
13.Every cryptocurrency has a different level of risk, how about BXC token?
I would say the most risk of BXC token is the project damage & BXC token no value, please check our operating history before invest.
What things can reduce the value and liquidity of BXC tokens?
For BXC token value it depends on market trend is bull ＆bear , For liquidity, according to WP, BXC token not be destroyed (‘burned’) , it will tradable on BtcEX exchange after launch & ever new user available purchase to discount & use for vote service, Proof of Stake mining, Proof of Knowledge mining else, Every quarter, BtcEX will re-purchase BXC and destroy that supply, this activity will continue until BtcEX purchases 50% of the total BXC token supply.
14. Why is the blockchain technology chosen by this project?
This is a centralized exchanges with deep order book & trading fee business model, BtcEX aims to provide crypto & fiat let user trade with lower fee, spread & profitable, if using blockchain & decentralized then it hard to achieve our goal.
https://medium.com/btcex/centralized-vs-dis-centralized-exchange-a68c609681be
15. What happens if less than 80% of the target Softcap is not reached?
It will refund to investor through claims
16. BXC is only available on BtcEX, will this token have its own wallet or still use the ERC-20?
Sorry, not sure your question, in this BtcEX ICO project it must be had an own wallet address, but it still use ERC20

Thank you for attention & we try our best to answer your question here.

Best wish
Kevin Ng







 








 

[HolyGrey]

Hello, I am the founder of BtcEX Kevin Ng.
We apologize late reply here ! Due to we focus on ICO marketing work. I am here to reponds some of question & concern on BtcEX project.
Some of question inside WP and already got answer form community. Then we answer other question here.

1.From which country does this token come from?
BtcEX ICO project through Estonia jurisdiction as token issuer
2. Almost 90% of ICO projects managed by TokenSuite team turn into a SCAM! Just check their trust information and this few threads:
At the moment Tokensuite is our marketing partner, 90% is managed into a SCAM ! It’s depends on those ICO project executive after got funding with delivery term according to White paper or not ! Please check BtcEX operating history if still have concern on BtcEX is SCAM or not
https://www.google.com/search?q=btcex&oq=btcex+&aqs=chrome..69i57j69i60j69i61j69i60l2j69i65.6887j0j4&sourceid=chrome&ie=UTF-8#lrd=0x3403f884b464c807:0x38a55412f14eaf45,1,,,
3.How does if not all token sold out?
According to the WP, If the BtcEX token sale does not reach the soft cap of $1,000,000 at the completion, there will be two courses of action: 1. If more than 80% of the soft cap funds are raised, the sale will be extended an additional month.
2. 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. (Please see WP page 22)
3. From the information I got they were located at 810 Wayson Commercial Building 28 Connaught Road West, 00852 Hongkong.
BtcEX base in Hong Kong originally, but we already register in Estonia as this ICO project issuer. Refer to https://ariregister.rik.ee/ettevotja
4. When the bounty program will begin?
Please visit http://bountysuite.com/bounty-programs/btcex.html
5.  What will be traded on the BtcEX exchange later?
BTC, ETH, BCH, XRP, ETC, EOS, LTC, NEO, DSH & ZEC with USD after that is BXC token vote coin & token listing
6. How is the team acting in the face of competition with competitors?
Our strategy is first build up a  deep order book spot exchange trade with major crypto /fiat build up customer base then launch leverage trading platform, P2P lending. No reputation exchange no other product !
10 .Where I can find a discussion about the legality of this project?
This BtcEX ICO project is fully follow by our legal advisor COBALT (Estonia ) https://www.cobalt.legal/en/contacts/
11. What is the reason BXC prefers as a utility token rather than as a security token?
Due to security token request more resources eg time frame, smart contract complex, license request and budget. We base on our on hand resources, experience, budget & time frame to decide BtcEX issue utility token not security token. Our goal is getting funding success to re-launch crypto market.
12. Why Estonia was chosen as the location of the BtcEx exchange? are there specific reasons?
Estonia is most crypto friendly country in Europe, Malta also and it’s depends on how long we can obtain fully function crypto license (accept keep client fiat in bank).
13.Every cryptocurrency has a different level of risk, how about BXC token?
I would say the most risk of BXC token is the project damage & BXC token no value, please check our operating history before invest.
What things can reduce the value and liquidity of BXC tokens?
For BXC token value it depends on market trend is bull ＆bear , For liquidity, according to WP, BXC token not be destroyed (‘burned’) , it will tradable on BtcEX exchange after launch & ever new user available purchase to discount & use for vote service, Proof of Stake mining, Proof of Knowledge mining else, Every quarter, BtcEX will re-purchase BXC and destroy that supply, this activity will continue until BtcEX purchases 50% of the total BXC token supply.
14. Why is the blockchain technology chosen by this project?
This is a centralized exchanges with deep order book & trading fee business model, BtcEX aims to provide crypto & fiat let user trade with lower fee, spread & profitable, if using blockchain & decentralized then it hard to achieve our goal.
https://medium.com/btcex/centralized-vs-dis-centralized-exchange-a68c609681be
15. What happens if less than 80% of the target Softcap is not reached?
It will refund to investor through claims
16. BXC is only available on BtcEX, will this token have its own wallet or still use the ERC-20?
Sorry, not sure your question, in this BtcEX ICO project it must be had an own wallet address, but it still use ERC20

Thank you for attention & we try our best to answer your question here.

Best wish
Kevin Ng

An action that needs to be respected and very rarely done by a founder who wants to jump in directly to answer almost all the questions in ANN. I really appreciate this.

[Anumon]

Are there notifications to users if there is a change in information on the website?

[ErikVohl]

What are the functions of the third party in this project?

[saskehhh]

What is the procedure this project if there are users who violate the rules and conditions?

[HolyGrey]

If there are problems between companies and users, how do find a solution to way out to that dispute?

[ErikVohl]

Are there notifications to users if there is a change in information on the website?

The Company recommends you to check the Site frequently to see the actual version of the Terms their previous versions.

[Anumon]

How is the company's follow-up to uncover extraordinary events that cannot be predicted such as natural disasters, terrorism and others?

I've read this before, that the Company and its affiliates shall not be liable for a failure or delay to fulfil its obligations where the failure or delay results from any cause beyond Company's reasonable control, including technical failures, natural disasters, blockages, embargoes, riots, acts, regulation, legislation, or orders of government, terroristic acts, or war, alterations in technologies, including, but not limited to, blockchain, cryptocurrencies, the Ethereum, their protocols or any other force outside of Company's control.

[saskehhh]

Regarding the terms of use, can the license obtained from the company be transferred to another party?

The Company grants you a non-transferable, non-exclusive, revocable license to access and use the Site from one device in accordance with the Terms.

[HolyGrey]

What are the functions of the third party in this project?

It seems that the third party here is only a site link service, in other words the Site may include links to other sites, applications, and platforms but not the Linked Sites and shall not be responsible for the content and other materials of the Linked Sites. The Company makes these links available to you for providing the functionality or services on the Site. I guess so.

[saskehhh]

Are there notifications to users if there is a change in information on the website?

The Company recommends you to check the Site frequently to see the actual version of the Terms their previous versions.

Maybe I will add a little that the Company may change the Terms at any time. The Company may inform you of the changes to the Terms using the available means of communication.