Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN][EXCHANGE] WCX – Low-Cost Crypto Exchange built by Apple & Wall St team
by
wcxofficial
on 24/07/2017, 05:34:59 UTC
Thanks for all your replies. We try to address most of the questions that came up below.

Recap of dates and timelines (planned)

- Beta Launch on September 1, 2017
- ICO Start on September 9, 2017
- Launch on October 10, 2017

Questions about ICO, details, team

We'll release more details in the coming days and weeks about this. Regarding the cap, it will be capped. No tokens will be generated beyond the ones sold at the ICO. Any unsold tokens will be burned. The tokens that remain will pay out 20% of the exchange fee revenue regardless of how many there are, so we won't cut back on that either.

How will payouts work?

If you hold WCX tokens, you'll be paid on a weekly basis directly to your WCX wallet. Payment will be made in all types of digital currencies since WCX collects fees in all kinds of cryptocurrencies.

Will you have chat on-site?

Yes.

Where will you legally operate?

Hong Kong and Luxembourg. No US based operations.

Bounties, campaigns, promotions?

More coming up, likely including a BT sig campaign.
 
Do you have Slack or Reddit?

Not at this time. Likely in a later phase.

You claim to have no KYC, how will you establish fiat payments?

We will not require KYC for any cryptocurrency deposits or withdrawals. When we integrate fiat later in 2018, KYC will be required if you choose to deposit or withdraw fiat - this is required by the banks who hold the fiat, not us in particular.

Exchanges where WCX will be tradable?

WCX tokens will be tradable on WCX itself at launch time. You'll find liquidity to either buy or sell.

When are the promo payouts made?

The payouts for the BT promotion, Twitter, Coin voting, etc. are made at the end of the week. For the current promo, that is Sunday, July 30.

How will you keep people in the loop?

The best way is to sign up at https://wcex.co and also to follow this thread. We will be sending you emails from time to time with important updates.

Is it decentralized?

No. At least not at first - wallet decentralization is on our roadmap. Unfortunately efficient order book exchange decentralization is not consumer ready, but we will be first to hop on board when it is.

Will you be providing trading tools, charting, indicators?

Yes. WCX will have charts and tools to accommodate beginner as well as professional traders.

Can you add LTC?

LTC will be available at launch. We've added a "Other" form field at the coin voting page so you can specify a coin you'd like to trade that isn't listed. https://docs.google.com/forms/d/e/1FAIpQLSdkFM1HKmTfhDeJ5Acn5hstJFi_Mcj8KIgMk7fpvOxJ2Ua5aA/viewform

Can you add IOTA, LBC, WAVES, DOGE, STR, BTS, OMNI ... ?

Yes. These coins are likely to be added post launch based on demand. Please reply in this thread concerning coins that you'd like to see added. Please don't send emails or Twitter replies concerning this.

What is the benefit of WCX tokens?

This is described in the "What are WCX tokens?" section here: https://wcex.co.

Can we have promotions that pay in WCX rather than BTC?

You can sign up on https://wcex.co and get 100 WCX right off the bat. You can then invite friends through your referral link to accumulate more WCX tokens at a rate of 200 WCX tokens for each friend you refer.