Re: [ANN][EXCHANGE] WCX – Low-Cost Crypto Exchange built by Apple & Wall St team
Addressing the Important Question of Coin Cap I did the math! 
From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.
So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).
Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.
From the calculator on their website, if you say you hold 250,000 coins and you set daily volume = $1B, then your monthly payout is $1,500.
- $1B/day in volume, with a fee of 0.1% yields fees of $1,000,000/day * 30 days/month = $30 million/month in profits
- 20% of $30m = $6 million/month to be shared with token holders
- $1,500/$6,000,000 = 0.00025. That proportion of money is based on my proportion of coins. Hence, 250,000 coins/.00025 = 1,000,000,000 coins total
So the calculator is running on an assumption of 1 billion coins, which would let them raise about $100,000,000 (not that much due to bonuses, coin retention, etc).
Although I too would like more information, I did receive confirmation from Fran Strajnar that he is indeed acting as escrow. His involvement adds a lot of legitimacy to what they are doing and was enough to keep me interested. Details are definitely lacking, but I love the clear mission and the generous profit-sharing program.