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.
Yes but, 'any unsold coins' will be destroyed after the ico, with more/new ones never to be sold in the future.
So that could cut the number of coins down to some number. Unless they have a set number of coins and sell out.
Either they have a set number of coins and will 100% sure sell out, or they end up with less coins and the proposed monthly payouts are off, or they sell more than a billion coins, and again the math is off.
I'm no math whizz, but those proposed payouts pre volume level are just guesses unless they've planned a small number of coins that will for sure sell out.
What if there's 100 billion coins and they sell 2 billion? What if there's 2 billion coins and they sell out? What if there's 1 billion coins and they only sell 600 million, thus destroying the remaining 400 million (if they do, but they don't have to destroy anything since they never announced how many total coins there are).
What if you put in $25k and the actual payout is only 1/4 of what they stated on the calculator?
The calculator is base on 1 billion tokens, so $100M, I confirm with it. So its the cap of ICO, mean if less is raise , the remaining supply is destroyed, which mean payout will be more than what caluclator says, not less.
