Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN][EXCHANGE] WCX – Low-Cost Crypto Exchange built by Apple & Wall St team
by
lawzeus
on 02/08/2017, 07:07:01 UTC

Excellent Idea - However the skeptic in me wonders the below


I would want to know more about the

a. Token Supply ( no whitepaper yet, what if the token supply is arbitrary and not capped ??) and

b. The Team (strange that nothing on the official website).

c. The website informs that "20% Profits" would be distributed amongst the token holders .
Assuming if 1 Mil is the profit at the time the token holders are 100k and assuming the token holders increase from 100k to 500k in 5 years .then the 20% would be every decreasing (assuming the profits are not increasing at the rate the token holders are ). The policy is not equivalent of holding a finite number of shares in a limited liability company. Nor does it mimic the bond bearer instrument. (am confused)

d. How does the profit distribution happen ? are holders supposed to keep all WCX tokens in the exchange wallet ? or in the alternative are WCX token bearers in any wallet be rewarded . (reminds me of the exchange cryptopia) .

thanks