Banx.io Acquires Atomic-Trade.com

[ByronP]

Atomic Trade has been a successful exchange for over a year now and in that time the software has proven to be one of the finest systems built. However I (Allen Byron Penner) am a single developer with a small staff which creates quite a burden. Over the past year Atomic Trade has created not only secure software but also a secure private hosting center. With so much going on and bearing the full burden of daily operations I simply do not have enough time to promote and move the exchange as well as I would have liked.
Banx Capital is a project spearheaded by Mark Lyford and has been investing in various interests to create an ever growing fund. Banx has a great team with full staff including full time support and advertising members. Banx has mining operations, brokerage services, ATMs, prepaid cards, betting, software, and more. Mark and I have known each other for some time now and we have very similar mindsets we both work as hard as we can and are willing to speak the truth and take risks.

After a lot of negotiation Banx and Atomic have reached and completed agreements in which Atomic-Trade.com will become Banx.io. This move provides Atomic with the staff it has so desperately needed and gives Banx the platform that they needed. This creates a win for everyone as I can assure you that Banx will do everything they can to promote the exchange and take us to the next level.
As part of the agreements I will be staying on as the lead developer and manager of the exchange. This provides Atomic users with the security and trust that they have come to expect and the team they always knew I needed. So fear not as nothing will change except for the name and a bigger team. Banx users will need to take a few extra steps to transfer their account to the new platform however they will be very pleased with the result and the Atomic community.

On February 22, 2015 there will be some down time to complete the change. Your Atomic data and wallets are safe and will not be changing. I expect this to take around 6 hours. Once completed Atomic users will notice some minor site changes, branding changes and new markets. Banx users will need to use a form to complete the transfer of their account as the Atomic platform requires more data than the existing Banx platform however this should be a simple one page form and only take a minute to complete. No wallets or anything is changing so there is no worry of data or coin loss.

More information will be forthcoming over the following week.


Thank You,
Allen Byron Penner (ByronP)
Atomic Trade
Atomic-Trade.com
Banx Capital
BanxShares.com

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[MarcSummerss]

Hi Byron, this is big news indeed..

Can you tell us how our ATP and CCS will be affected?
For example, if CCS will be converted to banx shares, how many banx shares will one CCS get us?
What is atp being converted into?
Are your CCS and ATP holdings also being converted?
What is to become of the infrastructure and numerous financial agreements you have been setting up under the name of ccs?

[ByronP]

ATP as far as it stands right now will remain as is. CCS will be converted to Banx shares the ratio of which is still TBD. My personal holdings are still mine the sites holdings are property of the new owners my ATP remain untouched just like yours. I don't think I am personally holding any CCS but if I did it would be converted to Banx shares. Not 100% sure about what I will do with the relationships but they might be useful for other projects used by Banx or myself the actual physical infrastructure is my personal holding and will continue to host the coinservers and other resources for the site. Part of these physical resources are being used for Banx mining operations and other 3rd party machines. I will actually be expanding the hosting capability to provide more room for the Banx mining operations since I can do it at a much lower cost than most data centers which makes those Banx shares even more profitable for everyone. Hope I didn't miss anything :-) and remember with Banx we as users will have a lot more options and opportunities across several market segments not just trading.

[gaalx]

hi. it's a good or bad news? Form a policy regarding ATP, or start an uncontrollable process of falling prices.

[ByronP]

While we are all sad to see the Atomic name gone overall it is a good move for the exchange. Please read my last post about ATP.

[kschneezy]

So ATP will stay the same. Great! 

As an ATP holder I would not be opposed to a rebranding of the ATP name to fit with the rest of the site.

[D05GTO]

I agree a formal policy stating how ATP will be incorporated into the merger would be a great thing to ease peoples minds.

Thanks.

[CoinMath]

Your work with your team is rewarded. Banx seen your potential and Banx is very great. Thanks a lot of to all.

[-Redacted-]

As the largest ATP holder, I'm glad to hear that the functionality will continue unchanged.

[ByronP]

As the largest ATP holder, I'm glad to hear that the functionality will continue unchanged.

Thanks Red i'm sure this will be a good thing for you and your holdings :-)

[Guyinanutshell]

As the largest ATP holder, I'm glad to hear that the functionality will continue unchanged.

Thanks Red i'm sure this will be a good thing for you and your holdings :-)

Still holding strong here,  looking forward to some revitalized interest in the exchange


Cheers
Guy

[D05GTO]

Looks like the site is switching over now!  It's great to have this trusted, secure exchange for once.  Just the liquidity page alone makes it in the top 1% of all exchanges in my book.

[mycoinsstore]

Looks like atomic-trade is down all today. Any problems?

[digit]

As another long term ATP and atomic user, its great to see this exchange finally getting the recognition it deserves.

[mycoinsstore]

Seems that new owners of atomic-trade forgot to do a simple DNS redirect from atomic-trade.com to banx.io 

[digit]

Seems that new owners of atomic-trade forgot to do a simple DNS redirect from atomic-trade.com to banx.io 

its working now, and probably cloudflares fault, as some people were getting redirected while others were not.

[ByronP]

the dns was the last thing i did... sorry it was a long week

[MickGhee]

Good hope these guys actually know what they are doing  hate to see such good code wasted . Hope these guys treat their supporters better  than u did . I might come back now if they start adding good coins . Most people are heavily invested in asics. 

[ByronP]

"Hope these guys treat their supporters better  than u did" not quite sure what that means but if you have an issue please open a support request and it will get resolved ASAP.

[kingscrown]

good call, happy to have EXCL there and we are doing next big things with ByronP!