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Author Topic: [ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders  (Read 4272 times)
Flodner
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January 17, 2020, 01:05:51 PM
Last edit: September 08, 2020, 06:15:52 AM by Flodner
 #1

I received info from Burst dev about some concerns and that some people might loose money

After checking the latest discussions, I decided to update this thread and his is the link to Burst dev tweet:

https://twitter.com/GetBURST/status/1302702922757599232

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January 17, 2020, 01:06:59 PM
 #2

Reserved
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January 17, 2020, 01:52:10 PM
Last edit: January 17, 2020, 04:02:02 PM by Lafu
 #3

Your whitepaper Link in the Ann dosnt work !

Also there is no whitepaper for now !

https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf




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January 17, 2020, 03:23:09 PM
 #4

Your whitpaper Link in the Ann dosnt work !

Also there is no whitepaper for now !

https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf
there are more than this.
  • you can not find the ceo or the founder of the project
  • only a few of the listed members on the website adding burstex on their profile
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January 17, 2020, 03:29:00 PM
 #5

Your whitpaper Link in the Ann dosnt work !

Also there is no whitepaper for now !

https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf
there are more than this.
  • you can not find the ceo or the founder of the project
  • only a few of the listed members on the website adding burstex on their profile

The listed members are mostly for their Marketing and PR department. They should disclose also who is/are the Founders/CEO/COO. Since it is another exchange, we should know also their legalities? Where they are registered?

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January 17, 2020, 03:42:10 PM
 #6



Must be related to Burst project notice that they also have the lightning designs on the letter B. I remember burstnation.com use to have an exchange but can't find it now. Burst was a platform but works different like the NXT platform.

Would be curious to see which projects are revived now that crypto markets are stable but jsut to make it transparent list of people were asked. If the team doesn't respond to this, its a possible revival of scams.
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January 17, 2020, 03:56:04 PM
 #7

I don't know how the team thinking about make this project work without founder/CEO etc. Maybe @flodner can contact the team to be more active here. Because we should know this project much more, before we go to invest or support this project. Anyway, your site look awesome team. Just need little magic hand to give it beautiful.

Regards
Hyudien

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January 17, 2020, 04:30:50 PM
 #8


Link your white paper is not working.
https://www.whitepaper.org/WHITEPAPER.pdf

Your whitepaper Link in the Ann dosnt work !

Also there is no whitepaper for now !

https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

please fix the problem immediately. we want to read your Project white paper in more detail.

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January 17, 2020, 04:40:39 PM
 #9

I don't know how the team thinking about make this project work without founder/CEO etc. Maybe @flodner can contact the team to be more active here. Because we should know this project much more, before we go to invest or support this project. Anyway, your site look awesome team. Just need little magic hand to give it beautiful.

Regards
Hyudien

Thank you Hyudien and everyone else for reasonable comments.
I'll speak with them

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January 17, 2020, 09:57:21 PM
 #10

Your post has a link to the site, saying presale starts February 15th, 2020. However, once you actually go to the site, the "Pre-sale Signup" button doesn't even work. Above the button it states "Time's up", below it saying "Raised $2,258,500". What's the deal? Did the presale already happen or what?

Whitepaper button links to nothing as well.
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January 17, 2020, 10:03:29 PM
 #11

Your post has a link to the site, saying presale starts February 15th, 2020. However, once you actually go to the site, the "Pre-sale Signup" button doesn't even work. Above the button it states "Time's up", below it saying "Raised $2,258,500". What's the deal? Did the presale already happen or what?

Whitepaper button links to nothing as well.

They still have a lot of things to fix here. They should have made this as Pre-Ann and not ANN. At least people are not expecting too much. Also, please explain about the figure $2258500? Is that for real or are you in the process of editing your page?

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January 17, 2020, 11:08:27 PM
 #12

How Can we know more about your team?

they published their team on their website but forgot to include the most important staffs of the team - where is their COO or CTO or CEO? who is the head of this exchange? i bet someone is managing this project.
if this is another DEX, can it withstand the competition? maybe, maybe one attractive feature is the profits distribution to its token holders. but how transparent they will be to its token holders?

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January 17, 2020, 11:41:01 PM
 #13

Looking at the roadmap it looks like that in best chances this so called dex exchange will open in Q3 2020,
but as we know that many crypto projects fail with they projections it can be even in 2021.

I wanted to examine whitepaper, but all I found is one page blackpaper...
https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf

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January 18, 2020, 07:20:04 AM
 #14

I wanted to examine whitepaper, but all I found is one page blackpaper...
https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf


they have not prepared it, coming soon.

When will the bounty program be launched? I read this information in QA. Please provide full information about the Burstex team and whitepaper.

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January 18, 2020, 09:33:49 AM
 #15

I spoke with the team so whitepaper is passing final changes and will be added soon, as well as more information about founders.

The team just wanted to inform the community about the project as soon as possible.

Also as I know there will be bounty, updates are coming soon

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January 18, 2020, 12:40:51 PM
Merited by Flodner (2)
 #16

Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!

I can't wait to know more of this project!


Well, here's some advantages of using PoC that I searched up in a website which might help you guys understand more.

- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose
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January 18, 2020, 01:04:16 PM
 #17

How Can we know more about your team?
I thought that it has already listed on the homepage of the site and it looks like that it's also available on the announcement thread too. But i have checked it and not all of the links of LinkedIn are not working.


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CaVO32
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January 18, 2020, 02:57:30 PM
 #18

Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!

I can't wait to know more of this project!


Well, here's some advantages of using PoC that I searched up in a website which might help you guys understand more.

- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose

that sounds promising to me! people should be informed on these benefits to appreciate the usage of PoC. and maybe, this is the reason why they can distribute the profits among token holders because of the nature of its algo, which in the long run, can save a lot of resources.
however, i have seen projects before promising to share the profits among its stakeholders, but somewhere along the way, it didn't come into fruition because of some blind spots. with this platform, how can they ensure that there will be transparency all the way?
Burstex
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January 19, 2020, 02:46:53 PM
 #19

Thank you everyone for your interest!

The founders will be added soon.

The amount of capital raised which is shown was provided by angel investors




Did you know?

#Burst #Blockchain was first introduced by burst-coin.org last August 2014 as an #NXT hard-fork. The only #cryptocurrency secured by the Proof-of-Capacity algorithm.

Why #Burst #Blockchain is #ecofriendly?

It is energy efficient while using free disk space for #mining and relatively cheaper than using graphic cards.

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January 20, 2020, 11:09:41 AM
 #20

The information about founders is updated on the web-site
https://burstex.io/

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