Orion Finance Exchange

[sunsilk]

I'm sure that during the time when I've checked them, there's really zero volume for 24 hours so it might be that the traders wasn't around that time but is that possible?

I see now that there's a 59k USDT volume w/in 24 hours. They have a quite good volume for being a new and starting exchange.

They need volume if they want to attract user's to use thier exchange.
That was the problem of more new exchange made nowadays they are only creating an exchange but without a volume .

Yes, they actually need it because it's their main purpose why they have built their exchange. But in able to gain that much volume, it will not be an easy journey for them. They need to reach out different platforms to inform users that they exist.

You are absolutely right! Right now we study the ways to attract new users.

There are a lot of ways that you can attract new users but it will cost you for advertisement. The forum is the best platform so far that you can gather your target niche since many traders are hanging out here everyday.

[OrionFinance]

Thank you guys for a support!
For us it is a great pleasure to get such a nice feedback.

By the way, our team creates interesting study about cryptocurrency laws in different countries. Also we are going to tell our users about internal structure of cryptocurrency exchanges - how the mechanizm of Orion Finance works. Would you like to read this publications here in our thread?

[Chiyoko]

They need volume if they want to attract user's to use thier exchange.
That was the problem of more new exchange made nowadays they are only creating an exchange but without a volume .

You are absolutely right! Right now we study the ways to attract new users.

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.
●Other ways promotion in social media
●signature campaign
● airdrop/ this can also help to have more users engage in your exchange

How many people already registered in that exchange?

[Asuka]

Thank you guys for a support!
For us it is a great pleasure to get such a nice feedback.

By the way, our team creates interesting study about cryptocurrency laws in different countries. Also we are going to tell our users about internal structure of cryptocurrency exchanges - how the mechanizm of Orion Finance works. Would you like to read this publications here in our thread?

it will help if you will publish it here, so interested persons can read or participate to learn about your exchange and crypto currency.

[sunsilk]

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.

It can be found on the Auction section and this is the latest round:

Advertise on this forum - Round 301

It will be locked soon once the auction is done and there will be another thread made for the next round.

[Akiko]

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.

It can be found on the Auction section and this is the latest round:

Advertise on this forum - Round 301

It will be locked soon once the auction is done and there will be another thread made for the next round.

This is the best way to adevertise in this forum but its not that cheap , however  many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

[OrionFinance]

How many people already registered in that exchange?

Let me clarify this information and get back to you!

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.

It can be found on the Auction section and this is the latest round:

Advertise on this forum - Round 301

It will be locked soon once the auction is done and there will be another thread made for the next round.

This is the best way to adevertise in this forum but its not that cheap , however  many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

Thanks for your ideas! We will learn them and come back with our solutions


So, as we promised, we are going to share our investigation concerning crypto laws in different countries.



The Legal Status of Cryptocurrencies In the World. EU: Estonia

Recently, the crypto world has been filled with news of the increasing interest of central banks in cryptocurrencies. Meanwhile, Orion.finance team decided to study the legality of existing cryptocurrencies and share the results of this research in the series of articles on the different legal status of cryptocurrencies worldwide.
It’s noteworthy that cryptocurrencies are currently legal in many countries. According to the Coin.dance, Bitcoin is completely legal in at least 111 countries. At the same time, cryptos are completely illegal in Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Macedonia, Saudi Arabia, Vanuatu and Vietnam.

Countries, which allow using cryptocurrencies, classify this asset in a different way. Some consider the crypto as an account unit whereas others see it either as an investment asset or the means of payment etc.

For example, the European Central Bank classifies bitcoin as a convertible decentralized virtual currency. Under EU law, traditional financial regulation doesn’t operate the cryptocurrencies because they are not used by traditional financial institutions like banks. At the same time, the crypto-related operations are not subject to VAT and it is good news for traders.

Yet sometimes the European Parliament makes controversial proposals. In 2016, the European Parliament supported establishment of the working group on money laundering with digital currencies. However, in real practice, the European Parliament began to tighten the control and monitoring of the crypto business.
In general, each EU country determines cryptocurrencies pursuant to local legislation. Let’s see what is really going on right now.

Estonia

Estonian government regards the cryptocurrencies as “value represented in digital form”. Estonia is known as a paradise for crypto startups. Some time ago, Estonia easily licensed the majority of crypto-related projects. However, in 2017, due to the Anti Money Laundering and Terrorism Finance Act establishment, licensing became much more complicated. As a result, control over crypto-startups got really tight.

Nowadays, Estonian cryptocurrency exchanges are considered legal entities of financial relations granted that they have a Virtual Currency Exchange Service License, the Virtual Currency Wallet Service License, and are strictly pursuant to the KYC rules.

By the way, a couple of years ago, Estonia planned to create its own cryptocurrency called estcoin. This suggestion can be found in the speculative government plan. However, the EU has criticized Estonia therefore Estonian government decided to suspend the development of the national cryptocurrency. Yes, the EU keeps abreast and quickly suppresses dangerous initiatives of its subjects despite of the declared independence of every individual country in terms of their attitude towards cryptocurrencies.

This is what cryptocurrency regulation in Estonia looks like. Stay with us and we will keep you informed about interesting approaches to the legalization of crypto!

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[Asuka]

How many people already registered in that exchange?

Let me clarify this information and get back to you!

is there aby restriction in your exchange like US or china is this available in any country ?
 Are we able your exchange if we are from united states without any problem?

[Kupid002]

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.

It can be found on the Auction section and this is the latest round:

Advertise on this forum - R'

This is the best way to adevertise in this forum but its not that cheap , however  many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

not only that, there are also many other option that can be use.
But i agree  this one is most use but it costly unless the owner have enough budget for that advertisement . Since its auction you need to always watch that thread and increase your bid if needed.

[OrionFinance]

is there aby restriction in your exchange like US or china is this available in any country ?
 Are we able your exchange if we are from united states without any problem?

We don't have any restriction for Chine, and we have users from there. But USA accounts we don't verify now.

[sunsilk]

This is the best way to adevertise in this forum but its not that cheap , however  many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots and also if they want tot, they can run a signature campaign but consistency is what they need.

How many people already registered in that exchange?

Let me clarify this information and get back to you!

I'm also interested about this, do you have an answer now?

[Asuka]

is there aby restriction in your exchange like US or china is this available in any country ?
 Are we able your exchange if we are from united states without any problem?

We don't have any restriction for Chine, and we have users from there. But USA accounts we don't verify now.

meaning there is also a chances that you will ask it later if you are from the USA?

[Akiko]

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

[Rodeo02]

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

kucoin buying many different crypto related facebook while okex is hiring many people that have groups or have people with community to announce thier giveaway i know many people hired to complete those task.

[Lhaine]

You need to also add many different crypto currency not only the popular of them .
The community  of that currency can also help your exchange to make some volume  having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

[OrionFinance]

You need to also add many different crypto currency not only the popular of them .
The community  of that currency can also help your exchange to make some volume  having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

Currently we consider two strategies for Orion exchange development. The first one is to add many coins and to attract many users. Another way is to move gradually and to choose only the most popular coins. What way is the most effective on your opinion?


The Orion Finance team continues to introduce the cryptocurrency laws of European countries



Austria considers cryptocurrencies as other (intangible) commodities. The Austrian Ministry of Finance (Bundesministerium der Finanzen, BMF) refers mining to “mining”, which is why, like any other activities in this area, mining of cryptocurrencies is subject to income tax. The same applies to the operation of online trading platforms and cryptocurrency ATMs. However, mining and cryptocurrency exchange transactions are exempt from VAT.

The Austrian National Bank (Oesterreichische Nationalbank, OeNB) does not qualify bitcoin as a currency, because it does not fulfil the typical functions of money due to a strict limitation on quantity and the lack of stabilizing central authority. As of now, Bitcoin is neither covered by the Electronic Money Act nor by the Payment Services Act.

At the same time, the management of OeNB expresses its clear concern about the “frozen” position of cryptocurrencies. So, Ewald Nowotny, the governor of the OeNB calls bitcoin “highly speculative investments which entail high risks for individuals.” He, therefore, welcomed the initiative of the Federal Minister of Finance, Hartwig Löger, to establish a Fintech Regulation Council to regulate cryptocurrencies. In addition, he voiced support for the amendment of the EU Money Laundering Directives, as well as the proposal of the Austrian Ministry of Finance to require prospectuses for ICOs and introduce licensing by the Financial Market Authority (FMA). Finally, he added that any regulatory initiative should be complemented by improving public financial education.

Such concerns are expected from centralized structures and, unfortunately, they hinder development of the cryptocurrency market. At the same time, the Orion Finance team supports Ewald Nowotny when it comes to development of people’s financial literacy. We hope that it will cover not only the risks, but also the benefits and advantages of using cryptocurrencies.

News source

[Rodeo02]

You need to also add many different crypto currency not only the popular of them .
The community  of that currency can also help your exchange to make some volume  having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

Currently we consider two strategies for Orion exchange development. The first one is to add many coins and to attract many users. Another way is to move gradually and to choose only the most popular coins. What way is the most effective on your opinion?

Add many coins as long as you will ask for listing fee, you will be benifited with thier community to use your exchange and its favor to you since there are many people will registered and use your exchange to trade that coins.
If you will only list popular coin you will have many popular exchange opponents.

[sunsilk]

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

It's a process that they will go through just like the popular ones today. They went to the same process just like what this exchange is doing. And if the service was good and considerable, customers and traders will go here and there to trade and will spread the good news about them.

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

[OrionFinance]

Add many coins as long as you will ask for listing fee, you will be benifited with thier community to use your exchange and its favor to you since there are many people will registered and use your exchange to trade that coins.
If you will only list popular coin you will have many popular exchange opponents.

Sounds rational) We will consider such an idea!

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

What does it mean 'exclusively making promotions'?)


Orion finance team continues investigation about crypto laws. Today we travel to Belgium!



Belgium is the cradle of European law therefore it doesn’t come as a surprise thatBelgian regulators are very aggressive on cryptocurrencies.
At the same time, we were not able to find information about any special legislation that defines and regulates cryptocurrencies. Currently, cryptocurrency is not recognized in Belgium as a currency or means of payment.

Let’s go through the most interesting statements of the Belgian leadership from the very beginning.
In 2013, The Belgian Finance Minister, in response to a question by a Belgian senator, stated in July 2013 that while bitcoin seems to be somewhat problematic as a tool for money laundering and other illegal activities, such problems should not be overstated. Well, it’s a pretty sensible statement. However, sensible statements end up right here and welcome to the world of “crypto criticism” from Belgian officials!

In January 2014, the Belgian National Bank (Banque Nationale de Belgique, BNB) and the Financial Services and Markets Authority (Autorité des services et marchés financiers, FSMA) issued a joint press release warning consumers about the risks associated with cryptocurrencies. It was emphasized that cryptocurrencies are not a legal tender and they are not fully regulated by any of the regulatory authorities.

In April 2017, Belgian Minister of Justice, Koen Geens announced that he plans to establish a legal framework for cryptocurrencies. By this framework he generally meant tightening of the control over exchange transactions and legal regulation for cryptocurrency withdrawals in lawsuits. He has also expressed a wish to find ways to avoid the anonymity of cryptocurrencies. These initiatives have been criticized by experts.

A year later, De Standaard and Het Nieuwsblad published articles stating that Belgian tax authorities have become more interested in citizens investing in cryptocurrencies. Every Belgian working on the cryptocurrency markets must pay 33% income tax even though bitcoin and other cryptocurrencies are not regulated in the country. For companies, such a tax can reach up to 50%. However, it turned out that catching violators is not that easy because most transactions are carried out on trading platforms registered abroad.

And the latest statement made by the chairman of the Financial Services and Markets Office of Belgium FSMA, Jean-Paul Serve, and dated February 10, is a cherry on the cake. During his speech in parliament, he asked the country’s leadership to establish the rules governing cryptocurrencies and related tools.
There is a feeling that the Belgian leadership has a fierce dislike for cryptocurrencies and is merely not able to restrain it, criticizing and coming at the crypto traders. However, the government does not take special regulatory measures. Why is it so?

News source

[sunsilk]

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

What does it mean 'exclusively making promotions'?)

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.