[ANN] BCNEX | The Ultimate Blockchain Trading Platform

[no-ice-please]

Where is the BCNEX main office is located? Was the team associated with any other exchange ? I mean so they have the experience in supporting any exchange related services?

Since the team members are all Vietnamese, We can speculate that this project is based on Vietnam.

All team information can be found on their team page together with their LinkedIn and facebook profile for added transparency

Have you ever heard about a project that is run by a Chinese guy who is not based in China? There are tons of that!

If all the development teams are Vietnamese it does not mean they will make a project about Vietnamese or other developments. Maybe they made a bigger project than just one country.

Right there is no point in assuming that a project is based where the majority of developers is.

[Getadaaa]

Are all the bounty tokens distributed straight after ico, or are you having a lock up period for them? Lot's of sell pressure at once imho.

I’ll suggect a lock up and release pattern. But once decision is made on how tokens would be distributed to bounty hunters, it shouldn’t be breached. That says a lot about the team’s integrity.

[Pricebrianer]

hey I was going through the rules of social media bounty campaign, and I noticed KYC is mandatory for this bounty as well. Make sure you do KYC if you want to participate.

I’m not a fan of KYC process required to buy cryptocurrencies like we see on most exchanges including binance. They don’t get the reason for a decentralized currency with no links with holders. Hopefully, BCNEX keeps these personal information private.

I don't know why you are complaining now, KYC is a norm now if you want to trade on any Centralised exchanges, since the SEC has not really come out with clarity on the space most of them will keep protecting themselves from coming legal issue, even BinanceDex is not not supporting some selected countries

KYC seems to be the norm. But not for long. Exchanges should stand together and get a legal back up from SEC. It’s been years, and cryptocurrencies has come to stay, the earlier we get done with SEC issues, the better we build a decentralized world.

[Zurcermozz]

Are all the bounty tokens distributed straight after ico, or are you having a lock up period for them? Lot's of sell pressure at once imho.

I think it will be at the end of the ICO, a lot projects right now are doing these kind of stuff wherein they start a bounty and distribute it at the end of ICO.

[Anilbg]

hey I was going through the rules of social media bounty campaign, and I noticed KYC is mandatory for this bounty as well. Make sure you do KYC if you want to participate.

My question is why do we need to pay $2 for the KYC I thought KYC is meant to be free and simple why are we paying for this one

You’re absolutely right, kyc is meant to be free. The team should give a better reason why $2 should be paid.

First we need to understand if KYC is done by the BCNEX team of they hired some 3rd party to do the same. If it's by 3rd party then BCNEX need to pay then some money. May be that's why this cost?

[nxnqauff]

I don't know why you are complaining now, KYC is a norm now if you want to trade on any Centralised exchanges, since the SEC has not really come out with clarity on the space most of them will keep protecting themselves from coming legal issue, even BinanceDex is not not supporting some selected countries

Right. But SEC will soon come up with clarity on this and then we need to provide lots of documents to clear the KYc. May be it will have different name by then..

[ganeshramk]

Are all the bounty tokens distributed straight after ico, or are you having a lock up period for them? Lot's of sell pressure at once imho.

I’ll suggect a lock up and release pattern. But once decision is made on how tokens would be distributed to bounty hunters, it shouldn’t be breached. That says a lot about the team’s integrity.

In my opinion it does not matter when they distribute the bounty tokens. Bounty hunters are not responsible for dumping anymore. Its team who does that in general with almost all the listed projects.

[masulum]

BCNEX have bounty telegram group, why people using this thread for talking about bounty. Please, kindly we talk about BCNEX platform here, not for bounty.

If you want, you can talk about bounty on bounty thread or bounty telegram. I see many people with jr. member level doing like newbie, break rules with talking bounty on ANN thread.

[Nathan01]

Are all the bounty tokens distributed straight after ico, or are you having a lock up period for them? Lot's of sell pressure at once imho.

I think it will be at the end of the ICO, a lot projects right now are doing these kind of stuff wherein they start a bounty and distribute it at the end of ICO.

It eases up the process for them and for everyone and most especially they get to send the coin when the price is pretty low

[sockpuppet1911]

In my opinion it does not matter when they distribute the bounty tokens. Bounty hunters are not responsible for dumping anymore. Its team who does that in general with almost all the listed projects.

Anymore? What on earth you mean by that? Of course instant releasing free tokens are sell pressure similar to -50% discount tokens. it's $300k worth of bounty in this case + the what ever tokens that advisors get etc.

[Getadaaa]

BCNEX have bounty telegram group, why people using this thread for talking about bounty. Please, kindly we talk about BCNEX platform here, not for bounty.

If you want, you can talk about bounty on bounty thread or bounty telegram. I see many people with jr. member level doing like newbie, break rules with talking bounty on ANN thread.

I tried to get the attention of the bounty coordinator on the bounty thread here on bitcointalk, but haven’t gotten any reply yet. I guess I’ll try the bounty group on telegram.

[ning_aric]

In my opinion it does not matter when they distribute the bounty tokens. Bounty hunters are not responsible for dumping anymore. Its team who does that in general with almost all the listed projects.

Anymore? What on earth you mean by that? Of course instant releasing free tokens are sell pressure similar to -50% discount tokens. it's $300k worth of bounty in this case + the what ever tokens that advisors get etc.

As much as I would like the official ANN thread here on bitcointalk to remain strictly about the project so we can get answers about the tokensales and the exchange launch, I think it’s very important to investors that the team talks about the distribution of bounty tokens to bounty hunters. This isn’t the first time, and bounty hunters could do a lot damage if not handled properly.

[chan001]

BCNEX have bounty telegram group, why people using this thread for talking about bounty. Please, kindly we talk about BCNEX platform here, not for bounty.

If you want, you can talk about bounty on bounty thread or bounty telegram. I see many people with jr. member level doing like newbie, break rules with talking bounty on ANN thread.

I tried to get the attention of the bounty coordinator on the bounty thread here on bitcointalk, but haven’t gotten any reply yet. I guess I’ll try the bounty group on telegram.

If anyone has any specific query related to bounty program then telegram is good way to do it. But if questions are common among many people then BTT is good place where everyone can see the response

[olohifie]

I just found out BCNEX has a lot of partners , not just partners but funding partners. BCNEX signed a contract and got support from two different projects, Akamai and CMC landing.  I think that’s necessary for a top exchange.

Interesting. What's your source please. Possibly, a link will be appreciated if you can

[ganeshramk]

In my opinion it does not matter when they distribute the bounty tokens. Bounty hunters are not responsible for dumping anymore. Its team who does that in general with almost all the listed projects.

Anymore? What on earth you mean by that? Of course instant releasing free tokens are sell pressure similar to -50% discount tokens. it's $300k worth of bounty in this case + the what ever tokens that advisors get etc.

How many examples do you want? Even before distribution of bounty tokens, project tokens got trashed. Let me know if you need examples and how many?

[dcoolguy84]

I just found out BCNEX has a lot of partners , not just partners but funding partners. BCNEX signed a contract and got support from two different projects, Akamai and CMC landing.  I think that’s necessary for a top exchange.

Interesting. What's your source please. Possibly, a link will be appreciated if you can

I think this is the related post from their twitter page:
https://twitter.com/bcnex_net/status/1133170064083963904

This is quite good news for investors.

[reza7777]

I don't know what team was thinking, since yesterday USDT session was opened but they didn't close for BTC session, until now it also saw no one interested in buying in the USDT session because prices were too expensive
BTC session 0.29738361 USD
USDT session 0.35000000 USD
if they don't close BTC session, USDT session will never increase

[gee777]

I just found out BCNEX has a lot of partners , not just partners but funding partners. BCNEX signed a contract and got support from two different projects, Akamai and CMC landing.  I think that’s necessary for a top exchange.

Interesting. What's your source please. Possibly, a link will be appreciated if you can

I think this is the related post from their twitter page:
https://twitter.com/bcnex_net/status/1133170064083963904

This is quite good news for investors.

Akamai. Looks like a good project. I have also not heard of them. Who is akamai actually protecting? Bcnex?

[ning_aric]

I don't know what team was thinking, since yesterday USDT session was opened but they didn't close for BTC session, until now it also saw no one interested in buying in the USDT session because prices were too expensive
BTC session 0.29738361 USD
USDT session 0.35000000 USD
if they don't close BTC session, USDT session will never increase

There’s no way that’s going to work. On the whitepaper, each session has a timeline before the next and there’s a reducing percentage for every trade.

[Nathan01]

In my opinion it does not matter when they distribute the bounty tokens. Bounty hunters are not responsible for dumping anymore. Its team who does that in general with almost all the listed projects.

Anymore? What on earth you mean by that? Of course instant releasing free tokens are sell pressure similar to -50% discount tokens. it's $300k worth of bounty in this case + the what ever tokens that advisors get etc.

We could safely say dumping of Tokens is a combination of different factors not an isolated case. And the two opinions are very valid ones