[ANN] BURSTEX.io - Crowd Owned Exchange - Profits Shared Among Token Holders

[indo1]

Does the project already have its own wallet? Can I test its functionality? Where can I find information on this issue?

You can find information about the BURST wallet on the Burstex.io site in the FAQ section.

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

Actually, a bonus that is too large is not good for the token itself, because it can cause the price to fall when the token is traded. they said that they had collected $ 2 258 500 USD. I hope they can prove it.

it is a big number, even though they have a target of harpap which is still far from the total that they are currently getting, but they must also be able to prove the total funds that they get now, so that public trust can be fully firm in achieving sales that are currently taking place before the next sale occurs

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[terciduk123]

I would not like to face such a situation when the price of the token falls, I hope they have a plan.

For sure, projects of such a high level have experienced analysts and economists who can make forecasts.

What high level experience do you mean? can you prove it? even the BURST tokens don't have a good volume on the market.

If the team has prepared a strategy to prevent the fall in the price of tokens because the bonus is too large, I hope the team will share this information here.

[Burstex]

To be a trusted crypto exchange, one must consider the following criteria
☑️Security🛡️
☑️Liquidity💰
☑️Trading fee💵
☑️Ease of use👍

How about http://Burstex.io as a Crowd Owned Exchange?

[Daniterse]

Does the project have a white paper? I would like to explore the concept and technical characteristics.

Buddy, here's the link. https://burstex.io/wp-content/uploads/2020/01/Burstex-Whitepaper.pdf
 I Advise you to familiarize yourself with the project before making any decisions.

[Sharkzz1]

Excellent. 1 unanswered question, time for the second  How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen, is that ok?

[Rikafip]

Excellent. 1 unanswered question, time for the second   How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen, is that ok?

If you check ARC IRIS Hydrogen announcement thread, and Burstex announcement thread, you will see that they have similar configuration. Since Burstex one was made month and a half later, i guess they forgot to change links when copying.

Another thing that both Burstex and ARC IRIS Hydrogen have in common is that both are having those fake conversations going on. They are using Ann bumper service, without knowing that bumping doesn't work as it was before, so they are just wasting money on  that. And no wonder that no one is answering your questions, as they are too busy shilling this.

[Burstex]

Excellent. 1 unanswered question, time for the second  How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen, is that ok?

We hope all your questions can be answered in white paper, which is coming soon.
Also could you be so kind to point which question do you mean? As some questions which are put here being answered by forum community.

Regarding decentralization - we will use BURST blockchain.

The video link is changed now, thanks

[Anonylz]

I see PRESALE BEGINS 15 FEBRUARY $ 5,000 MINIMUM, 24 HRS, I am not too sure the investor is interested in the bonus given by 200%, I say this because it is an unnatural bonus and, the minimum capital participation is large enough to make a small investor others are not able to follow I think look at it first with a minimum to participate

It is such outrageous bonus that end up hurting a project at the end, how can a project that is sure of what it has to offer gives such bonus! sorry to say this but any project given out huge bonus are just here to make quick money, i think the first thing they should be concerned about is having prototype of this exchange, some exchange project nowadays already have their prototype of exchange even before token sale.

[o48o]

I can't see a single one coder on your team, only in advisors. Are you seriously trying to keep your exchange running with advisors tat can code? Coders need to be on the top of the decision making progress just to keep your exchange safe and running.

[julerz12]

I can't see a single one coder on your team, only in advisors. Are you seriously trying to keep your exchange running with advisors tat can code? Coders need to be on the top of the decision making progress just to keep your exchange safe and running.

They might have just hired someone, outsourced it. Lots of projects do that nowadays. Also, most coders usually choose to be anonymous and don't want to get in tangled with any project (unless of course success is clearly visible.  ) which explains why no coder is listed on their team.
BTW, OP, Do you guys have an MVP? I can't seem to find it on the website.

[o48o]

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

[Twinkledoe]

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

Your point here is very valid. They should have constant presence of at least one programmer in the team. Third party services is not a reliable one especially if they are changing it from time to time. They should hire at least one that will overlook their system from the beginning and all throughout its journey, as he will know the potential bugs and resolutions that will come along the way. He should know the history. It would be too difficult to rely on outsourced services because they will always start from scratch.

[julerz12]

*snip*
They might have just hired someone, outsourced it. Lots of projects do that nowadays.
*snip*

This is what i am afraid about. Name one good exchange where the main team doesn't have a background in coding.
Outsourced help isn't enough because exchanges aren't finished products that you sell, but they need a constant maintenance because of hackers and growth.

Yeah. You're right. The most probable thing to happen is the team would only permanently hire a coder after their IEO/ICO. Currently, they probably don't want to spend extra funds for it especially when the exchange itself isn't even running yet. Although, this might never even happen if their IEO/ICO wouldn't have great results.

[Anonylz]

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say
and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

[Burstex]

How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

[Anonylz]

How do crypto exchanges get commissions?

It usually comes from trades between buyers and seller which has a more popular name as trading fees. This fees are as low as 0.01% but imagine the trading volumes of an exchange, is it worth it to own one?

According to what am reading from this exchange, profits will be shared among token holders, not that Burstex will be the first project to make such promises and never stick to it, ...i could remember that of TenX back then, they promise to pay dividends to holders but they later changed from that promise,
So how is Burstex planning to keep up with this promise? because when you have a large number of holders of your tokens, it will become very difficult to fulfill this promise, how are you sure your exchange will generate enough profits that will be enough to go around and what is the criteria for sharing the profit to token holders?

[Sharkzz1]

Excellent. 1 unanswered question, time for the second   How the team is going to solve the issue of decentralization. This type of network is perfect for centralized type. But in general, I don’t understand why this project has its own blockchain, it's not needed. Moderator, when i click on the video, i'll move to ARC IRIS Hydrogen, is that ok?

If you check ARC IRIS Hydrogen announcement thread, and Burstex announcement thread, you will see that they have similar configuration. Since Burstex one was made month and a half later, i guess they forgot to change links when copying.

Another thing that both Burstex and ARC IRIS Hydrogen have in common is that both are having those fake conversations going on. They are using Ann bumper service, without knowing that bumping doesn't work as it was before, so they are just wasting money on  that. And no wonder that no one is answering your questions, as they are too busy shilling this.

Oh man, unpleasant to hear it. Perhaps this is a mistake of the bounty manager. First of all, we need to think about quality, and then about our personal time. Now everyone is in a hurry somewhere. But I don’t understand why there are so many startup exchanges  I don't want to be skeptical, but now the cryptocurrency market is just a few exchanges that pull the whole blanket over themselves 

[Btc_1856]

There are rumors that the leaders of some popular cryptocurrency exchanges are also major players in the market, since they have hundreds or thousands of btc on their account.

This is just speculation, let's be realistic and not believe in everything. I'm more concerned about another question: is February 15 a good time for sales?

Everything depends upon the credibility shown by the company, in which company they are managing to list coin for IEO, recently many IEO companies cannot able to reach their desired target, but we don't know how far this company will able to raise to funds during this market fluctuation.

[indo1]

There are rumors that the leaders of some popular cryptocurrency exchanges are also major players in the market, since they have hundreds or thousands of btc on their account.

This is just speculation, let's be realistic and not believe in everything. I'm more concerned about another question: is February 15 a good time for sales?

Everything depends upon the credibility shown by the company, in which company they are managing to list coin for IEO, recently many IEO companies cannot able to reach their desired target, but we don't know how far this company will able to raise to funds during this market fluctuation.

yes, it seems that the current IEO program is no longer attractive in front of the community. I did not say that it did not need to be run, IEO could have helped this project if they were able to enter the top market like binance if they were unable to enter the top market it would be very difficult to achieve maximum results

[julerz12]

from the look of things i don't think there is anything prepared on ground at all, it will all depend on the money they may likely generate from the ico/ieo, if they don't already have a programmer or coder to kick start the project, it is already a very poor start, just say
and i read on telegram that prototype will be out by Q3, if you ask me, that is damn too far, what will the dev team will be doing from now till then?

3rd quarter of 2020? LMAO. Prototypes or MVP's are best to be built prior to running an ICO or IEO. That way, they have something to brag to possible investors and gives them a hint that the team is capable of building what they have promised. Just as I thought, these guys would only hire proper coders after their sale ends, but, that won't surely even happen if they sold nothing or did not reach the softcap.