[Closed] ZeusMEX — instant cryptocurrency exchange.

[ZeusMEX]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

[Darker45]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

For what it's worth, I hope the family of your investor is doing fine. This may or may not be true at all. For all we know, this could just be the easiest alibi they had in mind, but at least you didn't just vanish into thin air leaving users hanging and probably waiting for nothing.

Suffice it to say, however, that you leaving like this, less than a week after your announcement, sudden, and with too few and dubious details, would naturally make curious minds suspicious.

Yours is certainly one of the shortest-lived exchange in crypto history.

[Odohu]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

So should you find any new investor, will the project continue? If yes, are you making effort to secure new funding or this might be the end of this great idea? I did not mean to propound conspiracy theories to explain the situation but I will take your further emphasis on your first post to be the reality. I wish you all the best in your future endeavors.

Meanwhile I hope and pray the family of your investor are able to overcome their problems and get back better.

[NotATether]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

OK, that makes sense. Take care though.

[_act_]

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

Okay, it would be good to see your service again on this forum.

So should you find any new investor, will the project continue? If yes, are you making effort to secure new funding or this might be the end of this great idea? I did not mean to propound conspiracy theories to explain the situation but I will take your further emphasis on your first post to be the reality. I wish you all the best in your future endeavors.

All these questions are not necessary. All I wish is for the exchange to come back. And when they come back, they will show us proof of reserves which we make us know they are capable of what they have said in the past about their exchange.

[examplens]

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

If I have concluded correctly, there are two groups in the team here, developers and investors. Given that the previous investor has left, will you perhaps want to look for a new one to continue?
It would be a shame to abandon everything, considering that you have attracted attention in a short period.

[dkbit98]

What a shitshow.  
Maybe it's better that they closed this exchange so quickly before even starting properly.
I don't believe anything they said about alleged technical maintenance, last moment name change, and then about ''investor'' losing money and having  family circumstances.
How can anyone create any serious service if they didn't already receive money from investors or if they don't have starting capital of their own...

[Learn Bitcoin]

What a shitshow.  
Maybe it's better that they closed this exchange so quickly before even starting properly.
I don't believe anything they said about alleged technical maintenance, last moment name change, and then about ''investor'' losing money and having  family circumstances.
How can anyone create any serious service if they didn't already receive money from investors or if they don't have starting capital of their own...

Well, you don't know the investors or the developers, so commenting on those matters is not easy. It is possible that they relied on only one investor, and the investor denied continuing business with them. The good thing is they did not scam anyone. You could have blamed them for shutting down their business if they had already run for a couple of weeks and ran away with people's money. They're not going to run their business anyway, so no matter what you think about them.

Their signature campaign will end after this week. As far as we know, the campaign participants will be paid for their work. Regarding the name change, it is obvious why they changed their Brand name. They have prioritized the Bitcoin talk forum and wanted to continue business here. People thought this was a mixer since the word mix was in their name.

[AB de Royse777]

What a shitshow.  
Maybe it's better that they closed this exchange so quickly before even starting properly.
I don't believe anything they said about alleged technical maintenance, last moment name change, and then about ''investor'' losing money and having  family circumstances.
How can anyone create any serious service if they didn't already receive money from investors or if they don't have starting capital of their own...

They changed the brand name because they thought having the term "mix" may scare bitcointalk users and will not encourage the users to use their exchange. Although I told them it's not a problem because they are not a mixer. But they thought to stay regulated with the community standard. So they decided to change the term from "mix" to "mex". There were no other reason for changing the brand name.

[dkbit98]

They changed the brand name because they thought having the term "mix" may scare bitcointalk users and will not encourage the users to use their exchange. Although I told them it's not a problem because they are not a mixer. But they thought to stay regulated with the community standard. So they decided to change the term from "mix" to "mex". There were no other reason for changing the brand name.

I know that, but no business that have word MIX in it's name should change it if they are not mixing coins (not allowed by forum rules).
If you remember there was another service with MIX called Mixin Safe, that was not related with any mixers.
There is also Mixcloud music streaming service, there are mixtapes, and other words with MIX that are not affected by new forum rules.
Common sense guys please.

[examplens]

I know that, but no business that have word MIX in it's name should change it if they are not mixing coins (not allowed by forum rules).
If you remember there was another service with MIX called Mixin Safe, that was not related with any mixers.
There is also Mixcloud music streaming service, there are mixtapes, and other words with MIX that are not affected by new forum rules.
Common sense guys please.

No-KYC exchange, with "mix" word in the name, certainly attracts attention, not only from the forum administration. With some strange interpretations of what mixers are, when we add to that rigorous penalties, I am not at all surprised that someone wants to keep a safe distance from misinterpretation.
Not exclusively for the sake of this forum.

[AB de Royse777]

I know that, but no business that have word MIX in it's name should change it if they are not mixing coins (not allowed by forum rules).
If you remember there was another service with MIX called Mixin Safe, that was not related with any mixers.
There is also Mixcloud music streaming service, there are mixtapes, and other words with MIX that are not affected by new forum rules.
Common sense guys please.

You are speculating and I am telling from the source.

The management team who changed then name told me why they wanted to change. We had more than two hours of discussions about it. I was suggesting to keep the name, benefits and things but they were afraid of having a bad impact by the post-fix and things.

You must understand that we old timers know and understand the forum environment. But for business owners who does not have good understanding of the forum they may not understand a thing the way we understand. For them they thought changing the name will make their business smoother on the forum so they thought to change it.

Except this, they did not have any other intention at all.

[dkbit98]

Except this, they did not have any other intention at all.

I don't know about that, but I know this new small exchanges are opening and closing faster than Usain Bolt
For example another similar exchange (you know about) called Jokerchange, or something like that, just renamed their ANN topic to Remove, deleted everything, locked it, and their website is not working anymore.
Their topic was created on May 30, they are gone already and they didn't post a single explanation about closing their business:
https://bitcointalk.org/index.php?topic=5498344.0

This is not a normal behavior.

[EarnOnVictor]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

Life is a challenge and any unforeseen circumstance could happen at any time, so I quote understand you even if many do not. I wonder how someone will establish an exchange with as little risk attached as yours and abandon it altogether without trying to patch things up (even with manageable challenges) if there are truly no overwhelming reasons for that. This is sincerity I see and it is better than paying "Paul with Peter's money.

I wish your investors' family a speedy financial recovery and don't forget to resume here if everything is solved.

Except this, they did not have any other intention at all.

I don't know about that, but I know this new small exchanges are opening and closing faster than Usain Bolt
For example another similar exchange (you know about) called Jokerchange, or something like that, just renamed their ANN topic to Remove, deleted everything, locked it, and their website is not working anymore.
Their topic was created on May 30, they are gone already and they didn't post a single explanation about closing their business:
https://bitcointalk.org/index.php?topic=5498344.0

This is not a normal behavior.

I won't judge anyone by the general occurrence or at least what people perceive to be so. Nevertheless, do you view any reason on sight? Regulation?

[Z-tight]

I won't judge anyone by the general occurrence or at least what people perceive to be so. Nevertheless, do you view any reason on sight? Regulation?

If you are talking about JokerChange, then it will be hard for anyone to really know what happened, they recently came into the forum and i remember i participated in the discussion in their ANN thread.

Their rep was replying to queries from members and it looked like they were ready to make improvements in order to be more attractive to customers. So i am surprised they left this way, and their site also stopped working, it surely raises questions.

[Marykeller]

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

It's fine. I just hope the main investor the exchange looks up to for her success bounces back financially and his family circumstances get resolved so that ZeusMex returns strong. That being said, ZeusMex exchange owners shouldn't rely on and stay put until when their top investor bounces back before they think of running for the success of the exchange to bring it to the limelight. Underground marketing for other investors should be indirectly going on before the top investor recovers back from his finances and family circumstances that weigh him down

[examplens]

AB de Royse777 as their advisor on the forum, you should suggest to ZeusMEX, maybe it's the right time to lock this thread. Obviously, there is no point in discussing this service. It's over and we need to move on.
There is no point in guessing when the service is offline and if it ever starts again, it is easy to unlock the thread again and restore it where it left off.

[hugeblack]

I won't judge anyone by the general occurrence or at least what people perceive to be so. Nevertheless, do you view any reason on sight? Regulation?

If you are talking about JokerChange, then it will be hard for anyone to really know what happened, they recently came into the forum and i remember i participated in the discussion in their ANN thread.

JokerChange PMed me before deleting that topic and was talking about how to develop the service and the best suggestions so perhaps they will redesign the exchange, but in any case there is no relationship between them and ZeusMEX.

AB de Royse777 as their advisor on the forum, you should suggest to ZeusMEX, maybe it's the right time to lock this thread.

+1